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May Appointed CFO, COO of Industry VenturesRobert May has been appointed CFO and Chief Compliance officer of Industry Ventures. May was most recently a venture partner at Standish Management but was previously the CFO at Founders Fund and at Thomas Weisel Venture Partners. Also, Jay Ganatra has joined Industry Ventures as an associate working on secondary direct investment transactions.
- Social Scene: Khosla to Give Away Half of Fortune, Kvamme Moving to Columbus (Huh?), Bussgang Hangs with SEAL Team 6, More
In this week’s Social Scene, Eric Schmidt is building fancy new digs for his personal VC firm; Joanna Rees has convinced Reid Hoffman, Marc Pincus and others to back her bid to be mayor of San Francisco; Vinod Khosla says he will donate half of his fortune to charity; Mark Kvamme is moving to Ohio (seriously!); Jeff Bussgang hangs with the famed SEAL Team 6, Robert Simon, Eric Wright and Katja Gehrt all have birthdays coming up, and more. Schmidt in building mode Onetime Google CEO Eric Schmidt is building out the “entire top floor” of a building in downtown Palo Alto, Calif., for his personal investment firm, Tomorrow Ventures, reports Peter Delevett http://www.mercurynews.com/rss/ci_18050303?source=rss&utm_source=twitterfeed&utm_medium=twitter&nclick_check=1 of the San Jose Mecury News. Delevett spoke to a commercial real estate broker who speculated
- Social Scene: KP Partner Pays $1.1M for a House, Another VC Takes the Plunge into Politics, Yu Is Ready for Some Football, More
In this week's Social Scene, peHUB fans get their groove on at our New York Shindig, Promod Haque and the Norwest team put the final touches on their anniversary party, yet another VC (JVP's Erel Margalit) jumps into the political arena, KP's Ryan Popple plunks down $1.1 million for a seaside home, First Round's Christine Herron shows off her culinary skills, OVP Venture Partners' Chad Waite is almost one year older, and lots more. PARTY TIME: PeHUB fans got their groove on at the NYC Shindig About 225 peHUB fans turned out for our New York City Shindig on Monday night at Conolly’s Pub and Restaurant on West 45th Street. The beer flowed freely and there was no shortage of
StumbleUpon's Garrett Camp: The Anti-RenegadeCamp, co-founder of the discovery engine StumbleUpon, doesn’t do much angel investing, but offers sound advice anyway
- DailyBooth Nabs $6M Series A
DailyBooth Inc., whose mobile platform allows users to communicate via photos and status updates, raised $6 million in Series A financing. Ignition Partners led the round, which included participation from Sequoia Capital and a group of undisclosed angel investors. The money will be used to fund the ongoing development of the DailyBooth platform and mobile applications.
- Instagram Inks $7M From Benchmark, Baseline
Instagram, the maker of a photo-sharing application, has raised $7 million in a round led by Menlo Park, Calif.-based firm Benchmark Capital. Early investor Baseline Ventures also participated in the round, as did individuals including form Facebook CTO Adam D'Angelo; Twitter inventor Jack Dorsey; and Lowercase Capital founder Chris Sacca.
- Baby, You Can Drive My Car
A new generation of venture-backed startups offering a peer-to-peer model of car sharing is taking shape, although not all investors are getting behind the wheel
- Ecommerce Bounces Back
It was another monster year for the Internet, thanks in large measure to the growth of Groupon and other social shopping sites