Lawrence Aragon
March was the biggest month for venture-backed IPOs in more than 13 years. Since August 2000, to be exact. Venture Capital Journal, our affiliate magazine, explores the results.
CalPERS has allocated $200 million more to its $12 billion emerging manager program. The new capital will be deployed by a new fund of funds over four years, the California Public Employees' Retirement System said Monday.
A new incubator/seed fund called Expa Capital has raised $50 million from a Who's Who of investors and company founders, including David Bonderman, Sir Richard Branson, Li Ka-Shing and Meg Whitman.
A couple of Los Angeles-based entrepreneurs have launched a small venture fund to seed Southern California startups. TYLT Lab said today that it had secured commitments for $20 million. The Santa Monica-based firm had previously filed a report with the SEC on Feb. 28 showing that it had closed on $2 million. TYLT plans to make 12 to 14 deals of $50,000 to $2 million each. Its first two investments were in Cargomatic and PogoSeat.
Amber Road, which makes logistics and trade management software, has set the price for it proposed IPO. The VC-backed company plans to sell 6.52 million shares for $10.50 to $12.50 per share, according to a regulatory filing. Its largest shareholders are Cross Atlantic, Goldman, Updata Partners, Sachs & Co, NJTC Investment Fund and Orix Venture Finance.
Napster co-founder Sean Parker has stepped down as a partner of the Founders Fund, TechCrunch reported. The firm on Wednesday announced that it had raised $1 billion for its fifth fund.
Joe Dear, chief investment officer for the California Public Employees' Retirement System, has died, following a battle with prostate cancer, CalPERS said. Dear was 62.
We are giving away five free tickets to fintech entrepreneurs for our fintech-themed Venture Alpha East conference in New York on March 26-27. Here's how to win.
Paul Graham, co-founder and frontman of Y Combinator, is stepping back from his day-to-day responsibilities at the tech incubator, and entrepreneur Sam Altman is taking over as president.
New venture fund plans to raise $50 million to invest in ”post-seed” Internet companies stuck between the gap between seed and Series A rounds.