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Permira to take controlling stake in LegalZoom.com – Reuters

Jan 6 (Reuters) – Private equity fund manager Permira Advisers LLC is planning to take a controlling stake in LegalZoom.com, a provider of online legal documents that was going to go public, according to people familiar with the matter, affiliated news service Reuters reported.

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peHUB First Read

Catch up on the latest after the weekend including how private equity is going to crack the US pension market; Kleiner Perkins reorganising its early stage investing and how to unleash innovation from VC-backed companies.

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peHUB First Read

This morning read all about Billabong’s refinancing rescue, the IPO market’s comeback and five apps that got an i0S 7 makeover.

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Ex-Kleiner Partner Ellen Pao Lands Job at Reddit

Ellen Pao, a former Kleiner Perkins Caufield & Byers junior partner who is suing the venture capital firm for gender discrimination, has landed a new job heading up strategic partnerships at social-news website Reddit.

Photo by Allison Joyce of Reuters

Kleiner-Backed Fisker Mulls Bankruptcy as Investor Search Persists

Hybrid automaker Fisker Automotive has hired law firm Kirkland & Ellis to advise it on a possible bankruptcy filing, a source said on Thursday, while executives continue their search for a strategic investor. The company, founded in 2007, has raised more than $1 billion in venture capital, including $103.67 million last September 2012 from Advanced Equities Inc., Kleiner Perkins Caufield & Byers and New Enterprise Associates.

Kleiner Perkins Joins with USC and United Talent Agency to Create L.A.-Based “Startup Garage”

Kleiner Perkins Caufield & Byers is teaming up with the talent and literary agency United Talent Agency and USC’s Viterbi School of Engineering to create what’s being called the Viterbi Startup Garage, an accelerator that will provide financial and other resources to select USC students and alumni. Applications will be accepted through Monday, April 22. Ten teams will then be chosen; they’ll work out of USC’s Information Sciences Institute in Marina Del Rey for twelve weeks beginning May 28.

peHUB First Read

Today First Read brings you the latest links on alternative funding options for start-ups; how to hire great engineers; what’s going on with the cloud and what Facebook should be working on next.

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Why Kleiner May Have Just Shot Itself in the Foot: Updated

Longtime Kleiner Perkins partner Ellen Pao may have chosen an odd way to reveal to the world that she’s no longer working at the firm, taking to the social network Quora to announce the development. But from a financial, legal, and public relations’ standpoint, Kleiner Perkins may wind up the big loser in this latest chapter of its ongoing saga with Pao.

Zumper Raises $1M From Kleiner, Andreessen, Greylock, NEA, Others

Zumper said it raised $1 million in seed funding earlier this year from investors including Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Greylock Partners, CrunchFund, New Enterprise Associates, Dawn Capital, the Experiment Fund and the DeWilde family trust. Zumper is using the money for expansion.

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