Upsizing: airbnb raising mega-round at $1B valuation Looking Overseas: Greylock Partners launches tech fund in Europe, Israel Ranking ‘Em: The states most, and least, likely to produce the next crop of geniuses in the U.S. Jerks! Steve Martin duped in German art forgery scandal
1 min read · 31 May 2011
That Was Fast: Google sued for trade secrets, as it opens up a new mobile pay biz Bing! No, not the search engine—the VC (who sits for an interview with Old Grey) Hey, Good Lookin’: High school shots of the current top crop of GOP presidential candidates Brother, Could You Spare a Few Bil? The argument for QE3
1 min read · 27 May 2011
So, What About CalPERS’ Thousands of Other Employees? A fellow Jon, this one Ortiz of the Bee out West, weighs in Defending Steve Ballmer: 247wallst throws the Microsoft CEO a bone FrACK! Chevron investors are worried about the natural gas extraction business Freescalin’: The semiconductor co. prices at $18 a share
1 min read · 26 May 2011
Personetics, a provider of solutions for customer interactions with financial services companies, raised $6.5 million from investors including Carmel Ventures and Sequoia Capital. Avi Zeevi, of Carmel Ventures, and Shmil Levy, of Sequoia Capital, will be joining Personetics board of directors.
4 min read · 25 May 2011
Just a few days off its acquisition of DealADayOnline; BuyWithMe announced earlier today it will acquire Groop Swoop, a San Francisco-based daily deals operation. BuyWithMe launched in May 2009 and will integrate it and Taylor Wang, Groop Swoop’s founder, into its existing and growing stable of offerings. Specifics on the deal were not publicized.
2 min read · 25 May 2011
Venture capital firm Morgenthaler Ventures is launching a startup competition for entrepreneurs seeking seed or Series A funding for technology specific to the healthcare space. Applications will be accepted at www.dctovc.com. Judges include Jeff Tangney, founder of Epocrates and Doximity; Ryan Howard, founder of Practice Fusion; Brian Ascher, partner at Venrock; Alex de Winter, partner at MDV; and Rebecca Lynn, partner at Morgenthaler Ventures.
5 min read · 25 May 2011
New MainStream Capital and MBF Healthcare Partners LP are merging a pair of healthcare and home care assets together, the PE firms announced. SunCrest Healthcare and Omni Home Care are being merged in a deal that will result in the sponsors having joint ownership of the combined companies. Harpeth Capital acted as financial advisor to SunCrest. Greenberg Traurig, P.A. served as legal counsel on the transaction to OMNI, and Waller Lansden Dortch & Davis, LLP served as legal counsel to SunCrest. Financing for the transaction was joint lead arranged and underwritten by affiliates of GE Capital Corporation, SunTrust Robinson Humphrey and BMO Capital Markets.
3 min read · 25 May 2011
To Say Nothing of Their Porn Stash: The SEC wasted $1M on data storage You’re Either Big Four, or Forgotten: Startups clamor for attention On the Go: Rob Go raps with Grasshopper Group’s Hauser Right Down to the Worm: Diageo eyes Cuervo
1 min read · 25 May 2011
Social media management software firm Conversocial raised £1.5 from DFJ Esprit, the European VC firm. Nic Brisbourne, partner at DFJ Esprit, will be joining the board at Conversocial as non-executive director. Advisors on the deal were not publicized.
3 min read · 24 May 2011
Connecticut-based Westport Capital Partners and Hong Kong developer Tenacity Real Estate Group sold off a Macau, China office and retail building to an undisclosed buyer in a $125 million deal. The two partnered to acquire the property in 2006 and pumped $10 million in upkeep into it over the five-year hold. Specifics of the transaction were not revealed.
2 min read · 24 May 2011
