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peHUB Wire: Tuesday, March 16, 2010Random Ramblings
- peHUB Wire: Tuesday, March 16, 2010
Random Ramblings
- RMG Networks Buys Pharmacy TV
RMG Networks, a place-based video entertainment company, has acquired Pharmacy TV, an in-store narrowcast media network for pharmacy retail chains. No financial terms were disclosed. RMG Networks is a portfolio company of Kleiner Perkins and National CineMedia LLC, while Pharmacy TV had raised a small amount of funding from Nueva Ventures.
- One of Silicon Valley’s Best New Angel Investors Steps Out of the Shadows
Steve Anderson has been a number of things in his 42 years: a Stanford MBA, a general manager at Starbucks Coffee, a product manager at eBay, a partner at Kleiner Perkins, a senior director at Microsoft. Right now, he’s one of the best angel investors in Silicon Valley. Anderson began investing a pool of individual investors’ money in 2006 under the name Baseline Ventures. Since then, he has provided seed funding to 40 companies, a stunning 8 of which have been acquired. This morning, DocVerse, whose software invites users to collaborate on Microsoft Office documents and that had raised just $1.3 million, was acquired by Google for a cool $25 million.
- The Year's Largest VC Deals (So Far)
Had a few free minutes, so figured I'd put together a list of the year's largest venture capital deals (so far). Fairly liberal with the term "venture capital," but that's why this is an interim list rather than an official/final list. Of note: Half of the ten companies could fall under the cleantech category. None of them are healthcare. Take a look after the jump...
- TransMedics Raises $36 Million
TransMedics Inc., an Andover, Mass.-based developer of portable life support systems for organ transplants, has raised $36 million in Series E funding. Foundation Capital and Kleiner Perkins Caufield co-led the round, and were joined by return backer Flagship Ventures. In December 2008, the company canceled an $86.25 million IPO, citing "market conditions." At the time, it had raised around $90 million in total VC funding, from firms like 3i Group (24.4% stake), Tudor Investment Corp. (14.7%), Flagship Ventures (14.3%), VantagePoint Venture Partners (10%), Sherbrooke Partners (9.2%), Alta Partners (8.9%), CB Health Ventures (7.4%), Posco BioVentures and Sagamore Bioventures.
- Intel Announcement: Much Ado About Nothing
Did you catch some of yesterday's headlines: * NY Times: "A $3.5 billion effort aims to help tech startups http://dealbook.blogs.nytimes.com/2010/02/24/a-3-5-billion-effort-aims-to-help-tech-start-ups/ " http://dealbook.blogs.nytimes.com/2010/02/24/a-3-5-billion-effort-aims-to-help-tech-start-ups/ * SF Chronicle: "Alliance to boost startups, hire more grads http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/23/BUFK1C5TA9.DTL " * WSJ: "Intel, Venture-Capital Firms To Make $3.5B In US Investments http://online.wsj.com/article/BT-CO-20100223-713105.html?mod=WSJ_latestheadlines " peHUB: "Puh-leeze" Tuesday's announcement that Intel Capital and 24 venture capital firms would invest billions into U.S. startups is akin to me announcing that I'm going to write about private equity. It's what they do. The only "news" here is that Intel managed to sucker so many news organizations into giving them accolades.
- peHUB Wire: Thursday, February 25, 2010
Random Ramblings