David Lee leaves SV Angel

David Lee has left SV Angel, the seed fund he joined eight years ago and ran alongside angel Ron Conway. No explanation for the departure was readily available.


peHUB Second Opinion

In Second Opinion, Christian Bale will play Steve Jobs in the movie written by Aaron Sorkin, while Uber is riding around and offering free flu shots. Plus, quotes from Marc Andreessen and Ron Conway on how to raise money.

Angel Ron Conway Leads Political Makeover in San Francisco

Ron Conway‘s success with a payroll tax initiative demonstrates a profound transformation playing out in San Francisco’s business corridors and its halls of power. As startups blossom, attracting a wave of entrepreneurs and investment dollars, the tech industry is wielding newfound clout in local politics.

Kabbage Raises Plenty of Green for Itself

Atlanta-based Kabbage, which provides capital to small and mid-sized online merchants, has raised $30 million in Series C funding. The company has now raised $56 million in total equity. The latest round was led by Thomvest Ventures, the venture arm of Peter Thomson, who’s also a director of Thomson Reuters (owner of peHUB). Joining in the round are UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, SV Angel and individuals Warren Stephens and David Bonderman.

Ron Conway, Paul Graham Back Gamification Education Startup ClassDojo

San Francisco-based startup ClassDojo has launched out of beta an announced it has raised $1.6 million in seed funding. The company, which says it already has 3.5 million teacher and student members on its site, helps teachers manage student behavior using game mechanics. Investors include Paul Graham of Y Combinator, Ron Conway of SV Angel, […]

Week’s Top 10 Hub Posts Feature CalPERS, Providence Equity and Stuff We’d Like to Read Less About in 2012

Here are the past week’s top 10 posts based on number of pageviews from peHUB’s regular readers. Hot topics include a portfolio of funds CalPERS unsuccessfully tried to sell on the secondary market, Providence Equity’s troubles hitting its target for fund VII, and unique accounting techniques used by IPO candidates.

1. Slideshow: Someone Send Some Love To These Unwanted, CalPERS-Backed Fundsby David Toll
2. Overrated: Five Things We’d Like a Little Less of in 2012by Connie Loizos
3. Providence Equity’s Fund VII Hits Fundraising Problems, May Fall Short of $6B Targetby Luisa Beltran
4. Slideshow: Top Unique Accounting Techniques for IPO Candidates – by Joanna Glasner
5. Sequoia-Backed Jive Will Be A Test Of The IPO Market: Slideshowby Mark Boslet
6. Slideshow: Five Powerful Women In Private Equity (subscribers only) – by Bernard Vaughan
7. Ron Conway on How New York and Chicago Stack Up to Silicon Valley (subscribers only) – by Mark Boslet
8. Uncle Sam Wants You To Raise An Early Stage VC Fund (subscribers only) – by David Toll
9. Three VCs Weigh In On Incubators, The Late Stage Bubble And Big Databy Mark Boslet
10. For Startup Employees, Getting Rich Has Never Been More Complicatedby Connie Loizos

Ron Conway on How New York and Chicago Stack Up to Silicon Valley

Entrepreneurs in Chicago and New York until recently stood in the shadow of the nation’s premier tech center, Silicon Valley. No longer. Today, “these are great centers of innovation as good as Silicon Valley,” said Ron Conway during an on-stage interview Thursday afternoon at the Plug and Play Expo. “I couldn’t say that three years […]

Is Gowalla a Sign of the Times for Investors?

On Monday, more than 500 outlets reported that Facebook is acquiring the location-based startup Gowalla, which will shutter in January. Gowalla’s team will now work on Facebook’s new Timeline feature. The acquisition was unexpected for several reasons, including that Austin-based Gowalla has been eating Foursquare’s dust for some time. There were also niggling questions over […]

Twilio Raises Second MicroFund from Angels McClure, Conway

Moments ago at the Twilio Conference in San Francisco, 500 Startups founder Dave McClure announced the launch of a second Twilio MicroFund of $250,000 to invest in companies that are based on Twilio’s Connect platform. McClure and Ron Conway of SV Angel will each invest $125,000 in the fund. McClure will manage the investments, with […]

TechStars Raises the Ante In The Startup Accelerator Race, And Another $24M In Funding

Interest in seed stage incubators, accelerators and entrepreneurial funds continues at full bore, with companies, firms and universities all getting into the act. Vodafone early this month opened the doors of its Silicon Valley research center to startups with the hope of encouraging faster innovation on its network. Carnegie Mellon University, not to be left […]

Stitcher Closes on $10M for Personalized Talk Radio

San Francisco-based Stitcher has raised $10 million for its personalized Internet talk radio service. The company is similar to Pandora in that its users can personalize radio station based on their favorite shows, spanning across news, entertainment, sports and comedy. New Enterprise Associates led the Series C round, which included backing from return investors Benchmark Capital, New Atlantic Ventures, and individuals including Ron Conway. Ravi Viswanathan of NEA will join the Stitcher board.

Quid Seals $10M Series C

San Francisco-based Quid, which develops information analytics software, has closed on a $10 million Series C round. Investors include Skype co-founder Niklas Zennstrom’s firm Atomico; Ron Conway; Endeavour Vision; Infocomm Investments, the venture arm of IDA Singapore; and Founders Fund. PayPal co-founder Max Levchin has recently joined the Quid board.

Venture Backed LoLapps, 6waves Merge In Social Gaming Space

Lolapps, the San Francisco social games maker of Ravenwood Fair, and Hong Kong based social gamer 6waves Inc. agreed to merger, the companies announced Monday. Terms of the deal were not disclosed. LoLapps has raised $4 million in venture backing from Polaris Venture Partners and Ron Conway. 6waves raised $17.5 million with Insight Venture Partners […]

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