Private Equity
1 min read · 09 June 2011
(Reuters) - Fusion-io (NYSE: FIO), which makes storage memory hardware and software for data centers, priced its initial public offering on Wednesday at $19 per share, above its previously announced range, according to a market source. The offering, which consisted of 12.3 million shares, raised $233.7 million. The company had earlier planned to sell shares for $16 to $18 apiece. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company's most recent S-1 filing. NEA's 25.93 million shares would be worth $493 million at $19 per share, while Lightspeed's 8.82 million shares would be worth
2 min read · 09 June 2011
3 min read · 08 June 2011
2 min read · 08 June 2011
(Reuters) - For entrepreneur Ash Bhoopathy, not even backing from Bill Gates gives his tech startup enough street cred to easily land qualified engineers in today's competitive recruiting environment. "It's hard to attract the really talented developers," said the 29-year-old co-founder of BettrAt, a Seattle, Wash.-based startup that helps users plan and track accomplishments related to career and personal interests. "If you're a startup and say, ‘I'm backed by Sequoia,' they get this glint
4 min read · 08 June 2011
3 min read · 08 June 2011
1 min read · 08 June 2011
2 min read · 07 June 2011
2 min read · 07 June 2011
4 min read · 06 June 2011
