Dan Primack
Two new additions to the VC-backed bust pile… Lockdown Networks The Seattle-based provider of network access control technology yesterday closed the doors, after failing to secure a new round of VC funding. It had previously raised over $18 million from Ignition Partners, Cargill Ventures, Intel Capital and Integral Capital Partners. No word on if any […]
My plan for this morning was to pen a feedback column, in order to help prevent my inbox from becoming a sad place where insightful comments go to die. But then I read this screaming headline from the top of VentureWire: Pat McGovern Says IDG Gave Flybridge The Boot Flybridge would be the firm formerly […]
VC-backed companies know there’s no shame in failing to go public this year, but that knowledge doesn’t alleviate the need for new strategies once the IPO registration is pulled. What about that planned expansion that was dependent on cash generated by the IPO, or a new project that would be financed via a banking instrument […]
The National Venture Capital Association (NVCA) last week released a study on the nation’s fastest-growing regions for VC investment over the past decade, in an effort to show that the industry isn’t all about Silicon Valley and Route 128 (NVCA.pdf). The biggest gainers were New Mexico and Pittsburgh – and mayors, governors and dog-catchers in […]
Updated There have been reports swirling for months that social networking company Bebo was trying to sell itself for $1 billion. Well, that valuation seems to be high – but not by much. AOL just announced that it’s buying the UK-based company for $850 million in cash. It’s also worth noting that there is some […]
Carl Icahn is known for trying to take over Fortune 500 companies, so there was a lot of head-scratching last spring when he invested $50 million in Motricity, a privately-held mobile content management company. Motricity was no startup – having already raised around $130 million from more “traditional” VCs – but still was well outside […]
Memo to venture capitalists and their portfolio companies: You have just 378 days left to get your PR machine in order. After that, you’re going to lose control of your own messaging. The issue at hand relates to Form Ds – filings that are often required from companies or partnerships that raise private capital. The […]
Greetings from Beaver Creek, where I’m attending the VC in the Rockies conference. I need to head into lunch shortly (combo of hunger and a desire to hear Stewart Alsop speak), but here’s some quick notes on some companies I’ve seen present so far: Zayo Group: This is the bandwidth consolidator that last year announced […]
What follows are seven VC deals culled from recent Regulation D filings with the SEC. None of them has been otherwise disclosed: CrunchyRoll Inc., a San Francisco-based video sharing site focused on anime, has raised $4.05 million in Series A funding. Venrock led the round, with partner David Siminoff joining the board of directors. www.crunchyroll.com […]
Last Friday, I had lunch with Ross Levinsohn and Roland Van der Meer, in preparation for a story I was writing on Velocity Interactive Group. Ross mentioned that Velocity had just closed on a new deal of interest, but that he wasn’t quite ready to talk yet. I mentioned this in the daily email, but […]