VC-backed IPOs rebound in second quarter

VC-backed IPO activity rebounded in Q2, as 27 companies raised $3.4 billion in proceeds, according to a report from the National Venture Capital Association and Thomson Reuters. But M&A activity slumped despite LinkedIn’s purchase of

NVCA appoints True Ventures’ Callaghan as chairman

The National Venture Capital Association has named Jon Callaghan chairman of its board of directors. A founder and general partner of True Ventures, Callaghan is succeeding Scott Sandell, general partner of New Enterprise Associates. In addition to this appointment, ten new board members were announced at NVCA’s annual meeting held in San Francisco. Among them are Mike Carusi, general partner of Lightstone Ventures; Jeff Clavier, founder and managing director of SoftTech VC; Michael Dixon, a partner at Sequoia Capital; and Mary Meeker, a partner at Kleiner Perkins Caufield & Byers.

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