Mark Boslet

Firms Face Significant Changes Ahead as Solicitation Ban is Lifted

Goodwin attorney Jonathan Axelrad dissects the SEC’s new rules on how to publicly discuss and promote offerings

Chegg Files For IPO; Kleiner, Foundation, Insight, Gabriel Hold Shares

The online site for students, Chegg, filed for a $150 million IPO. According to the company's Form S-1 submitted to the Securities and Exchange Commission, Chegg had revenue of $116.9 million in the first six months of 2013 and a net loss of $21.2 million. Its major venture investors include Kleiner Perkins Caufield & Byers, Gabriel Ventures, Foundation Capital and Insight Venture Partners.

MVP Interactive Receives Seed Funding From Seven Crowns

MVP Interactive said it received seed funding from Seven Crowns USA, a subsidiary of Triple Five. No financial details were released.

SMB Suite Receives $3M Investment From Meritage

SMB Suite has received a $3 million growth equity investment from Meritage Funds. Meritage said the investment came from its Meritage Fund III Growth Equity. The investment was joined by Chris MacFarland, CEO of Masergy Communications, who became a SMB director.

Venture Interest in Emerging Markets Investing Wanes

Japan, Israel and the United States were the big winners in this year’s Global Venture Capital Confidence Survey. Brazil and China were the big losers.

Fitbit Raises $43M From Qualcomm, SAP, Softback, Foundry, True

Fitbit raised $43 million in additional funding, according to a filing with the Securities and Exchange Commission. The company, which makes fitness tracking devices, raised the money from Qualcomm Ventures, SAP Ventures, SoftBank Capital, Foundry Group and True Ventures, according to TechCrunch.

Shakeup At U.S. Venture Partners

Dan Primack at Fortune is reporting a big shakeup at U.S. Venture Partners where 16-year veteran Winston Fu is said to have left. Partner Chris Rust and Venture Partner Emily Melton also are gone while Paul Matteucci is list as an operating partner, Fortune reports.

Venture Capital Overhang Down A Precipitous 37%

Venture capitalists have been investing more than they raised for six years. According to PitchBook, the industry’s overhang of investable capital has fallen 37% since 2008 to $53.3 billion at the end of last year.

peHUB Second Opinion 8.9

Welcome to the mid August summer doldrums, when the news flow slows down and the financial world slips out of the office for a badly needed vacation, including Wall Street traders.

Fund Performance: Some Funds in Oklahoma Venture Portfolio Stand Out and Score

The state pension fund reports that FirstMark Capital’s 2005 sports an impressive 3.22x multiple