Entrepreneurs get absorbed into big companies every day when their startups are acquired. When they eventually leave, as so many do, the smart ones exit gracefully. You can put Tobias Peggs in that camp; here's why.
10 min read · 28 November 2012
Chassis Brakes International, a brakes and brakes component maker (and portfolio company of the private equity firm KPS Capital Partners), has acquired substantially all of the assets of Autocast and Forge Pty Ltd (ACF), which is among Australia's largest independent cast iron foundries and serves the automotive industry.
2 min read · 27 November 2012
The soft-spoken CEO of Zappos, has been extraordinarily successful throughout his career, and is now trying to transform 1.5 miles of arid, dust-caked downtown Las Vegas into a bustling entrepreneurial center, using up to $350 million of his own money
7 min read · 26 November 2012
According to a new SEC filing, Innovate NY -- a New York state -focused fund of funds backed by federal money -- has raised a fresh $45.3 million and could raise an “indefinite” amount more.
3 min read · 21 November 2012
Silverback Enterprise Group, an Austin-based company that rolls up enterprise software concerns, has acquired EPM Live, a maker of work management software. Terms of the transaction were not disclosed.
4 min read · 20 November 2012
TechStars, the popular accelerator program, is now accepting applications for its spring 2013 program in New York City; the program will be headed for now by Interim Managing Director Nicole Glaros, who has run five TechStars programs since 2009. In Glaros's absence, the organization has promoted Luke Beatty, a mentor to its Boulder-based TechStars program, to managing director. Beatty was formerly VP of Communities and Local at Yahoo after his company, Associated Content, was acquired by Yahoo in 2010.
2 min read · 20 November 2012
Kleiner Perkins Caufield & Byers, the Sand Hill Road venture capital firm, is launching what it's calling the KPCB Design Council and Fellows Program, a three-month-long work program in which students will work on the design challenges of KPCB-backed startups in exchange for mentorship and leadership, including from "best-in-class" designers, and community.
3 min read · 20 November 2012
Boston-based Sigma Prime Ventures, an early-stage venture capital fund, has brought aboard John Simon as a managing director. Simon was most recently a managing director at Generaly Catalyst Partners, which he cofounded.
3 min read · 20 November 2012
Though the cat was basically out of the bag by Saturday, the news is now official: Andreessen Horowitz, the firm founded in 2009 by Ben Horowitz and Marc Andreessen, has hired Chris Dixon as its newest partner. In a twist, though, the New York entrepreneur and investor is moving to California.
3 min read · 19 November 2012
O'Reilly AlphTech Ventures, or OATV, has secured $84.5 million for a third fund, according to an SEC filing that was processed this morning. The filing states that 51 investors have participated in the fund, and that it intends to raise another $450,000, which will bring its total funding to $85 million.
2 min read · 19 November 2012
