VISANOW raises $16.1 mln from General Catalyst

By Mark Boslet — 1 year ago

VISANOW said it raised $16.1 million from General Catalyst Partners. The online immigration services company also appointed to its board  Karen Mills, former administrator of the U.S. Small Business Administration, General Catalyst XIR and former CEO of Zipcar Scott Griffith, and General Catalyst Managing Director Brian Shortsleeve. Details of the funding are available on a document filed with the Securities and Exchange Commission here.


Zipcar Leads Series A For Wheelz

By Staff Report — 4 years ago

Publicly traded Zipcar Inc. is leading a $13.7 million Series A round for peer-to-peer car sharing company Wheelz Inc. Palo Alto, Calif.-based Wheelz targets college campus communities. Other investors in the round include Detroit-based Fontinalis Partners. As a result, Zipcar Chief Executive Scott Griffith and Fontinalis’ Mark Schulz join the Wheelz board. Also joining the […]


Steve Case: Washington is No Also-Ran

By Connie Loizos — 4 years ago

Recently, Washington Post columnist Steve Pearlstein wrote a wake-up call to the nation’s capital. In it, he argued that while “local economic boosters love to remind anyone who will listen that the Washington region boasts the greatest concentration of technical or knowledge workers in the country,” the claim is “misleading.” The reality, wrote Pearlstein, is that […]


This Week’s Top 10 HUB Posts Focus on Market Turmoil, Fund Performance and Silicon Valley’s ‘Undertaker’

By Lawrence Aragon — 4 years ago

Time to catch up on the peHUB stories your colleagues found most compelling this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Aug. 8 to Aug. 12. It isn’t terribly surprising that most of the posts were related in some way to the turmoil in the public markets this week.

1. Early Stage Funds Dominate CalPERS’ Top 10 Venture Funds, by Mark Boslet
2. Silicon Valley’s Undertaker: ‘We’re Anticipating a Major Fallout’, by Connie Loizos
3. Groupon, Zynga and 9 Other VC-Backed IPOs Threatened by Market Turmoil, by Joanna Glasner
4. LinkedIn, Solazyme, Zipcar, 33 Other VC-Backed IPOs Bloodied in Market Beatdown, by Lawrence Aragon
5. Idaho Public Employee Retirement Top-Performing Funds (subscribers only), by David Toll
6. Menlo Ventures Is Biggest Winner in Carbonite IPO, by Lawrence Aragon
7. Venture & PE Picks for a Double Dip, by Joanna Glasner
8. Colorado PERA Top-10 Performing Funds Since 1982, by David Toll
9. How This Year’s 10 Biggest VC-Backed IPOs Fared in the Market Plunge, by Lawrence Aragon
10. Reuters Exclusive: Khosla Loses 2 Partners; Alex Kinnier to Do Startup, Jim Kim’s Plans Unknown, by Sarah McBride and Peter Lauria, Reuters


Slideshow: How This Year’s 10 Biggest VC-Backed IPOs Fared In The Market Plunge

By Lawrence Aragon — 5 years ago

As you are well aware by now, the stock market plunged today on fears that the U.S. economy is slipping back into a recession and concerns about a debt crisis in Europe.

It was the biggest selloff in two years, with the Dow and the S&P 500 both declining by more than 4% and the Nasdaq falling by 5 percent.

I was curious how this year’s crop of VC-backed companies fared in the correction, so I took a look at the performance of 2011’s 10 largest IPOs of U.S.-based VC-backed companies. Given that I was expecting to find a bloodbath, I


CFO Splits Globespan as Zynga IPO Looms

By Jonathan Marino — 5 years ago

Globespan Capital Partners CFO Mary Bevelock Pendergast has left the venture capital firm to take the same role at Fidelity Biosciences, peHUB has learned.

Fidelity Biosciences’s site states she has worked there as CFO since April 2011, yet, as of this afternoon, her bio page at Globespan remained operational.

ED NOTE: Nope, now it’s down.

Judging by Globespan’s description of her, Pendergast will leave a void behind in her wake. She managed all finance and administrative functions of the firm…


Top 10 peHUB Posts this Week Highlight Q1’s Largest Funds and Deals, Zuckerberg, Midas List

By Lawrence Aragon — 5 years ago

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the blog posts written by our staff this week that garnered the most pageviews from our regular readers from April 11 to April 15.

No. 1: Slideshow: Top 10 Buyout/Mezzanine Funds Raised in Q1
No. 2: Slideshow: Ten Largest Buyout Deals Of Q1
No. 3: Slideshow: Ten Largest U.S. VC Deals for Q1
No. 4: Which University Is No. 1 for Midas List Members?
No. 5: Eight Up And Coming VCs Worth Knowing
No. 6: Preqin Estimates 183 PE Shops Going Out of Business
No. 7: If Mark Zuckerberg Duped Investors, Are They On the Hook (and Other Answers to Your Questions)
No. 8: Q&A Houlihan’s Adelson: PE Firms are the New Conglomerates
No. 9: Did Zipcar’s Underwriters Just Give It the Shaft? Yes, and No; Here’s Why
No. 10: Angel Investing In 2010 Shows Signs Of An Inflating Bubble


Did Zipcar’s Underwriters Just Give It the Shaft? Yes, and No; Here’s Why

By Connie Loizos — 5 years ago

Earlier today, Business Insider’s Henry Blodget wrote a sensational piece titled, “ZipCar’s IPO Underwriters Just Screwed the Company to the Tune of $50 Million.” In it, Blodget pointed to ZipCar’s opening price of $30 – which is $12 more than the institutional clients of Goldman Sachs and JPMorgan (and other insiders) paid. He accused the banks of […]


Revved Up Zipcar IPO Gives Lift to Carsharing Industry

By Alastair Goldfisher — 5 years ago

The IPO of 11-year-old VC-backed carsharing service Zipcar Inc. (Nasdaq: ZIP) took off like a rocket today, rising more than 60% from its $18 a share offering price. At one point today, Zipcar stock was speeding along at $31.50 a share. Reuters has more here. And that’s tremendous news for rival carsharing services, says Shelby […]


Rent My Ride! Google Ventures Backs RelayRides

By Joanna Glasner — 5 years ago

Cities with limited parking and mediocre public transit tend to attract two kinds of people. First, there are those who own cars and complain about parking tickets, monthly payments and the wasted time spent circling for a spot every time they go out. Second, there are those who do not own cars, and lament the […]