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Forget Midas; What We Really Need Is a Mygdon ListThe problem with the Midas List is that it focuses on individuals when venture capital is a team sport; it’s like giving a medal only to the member of a relay team who crosses the finish line, says guest columnist Mahendra Ramsinghani.
Tableau Shares Soar 64%, NEA's Stake Worth $940 MillionShares of Tableau Software soared nearly 64% Friday, promising a massive return for venture backers New Enterprise Associates and Meritech Capital Partners.
Tableau IPO Raises $254.2 MlnTableau Software has raised $254.2 million after selling 8.2 million shares at $31 each, above its $28 to $30 range, via join bookruners Goldman Sachs and Morgan Stanley. Tableau itself is selling 5 million shares while certain stockholders are unloading 3.2 million. New Enterprise Associates and Meritech Capital own stakes in Seattle-based.
- NVCA Elects Josh Green as Chairman of the Board
The National Venture Capital Association has elected Josh Green to serve as its 2013-2014 chairman of the board of directors. Green is general partner of Mohr Davidow Ventures. Also VCA added the following as new directors to its board: Scott Kupor, Andreessen Horowitz; Sue Siegel, GE healthymagination; John Backus, New Atlantic Ventures; Art Pappas, Pappas Ventures; Mark Leschly, Rho Capital Partners; and Jim Healy, Sofinnova Ventures. And NVCA also named Scott Sandell, general partner at New Enterprise Associates, as chair-elect for the 2014-2015 year.
- GraphLab Raises $6.75 Mln
GraphLab said Tuesday it raised $6.75 million Series A funding led by Madrona Venture Group and NEA. Seattle-based GraphLab provides a machine learning analytics engine for graph datasets.
Work Market Raises $10M Round Led by Softbank CapitalWork Market has raised $10 million in a round led by Softbank Capital and joined by existing backers Spark Capital and Union Square Ventures.
6 Questions With Frank AdamsLPs were slow and methodical in their due diligence process, more so than in 29 years that the firm has been in business
- Box Acquires Crocodoc
Venture-backed Box has acquired Crocodoc, a startup that makes HTML5 document rendering and viewing technology. Terms of the deal were not released. The full Crocodoc team will join Box, with Crocodoc co-founder and CEO Ryan Damico serving as Box's director of platform, the company said. Box is backed by venture firms Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners.
Crocodoc Sale Provides Exit for Y Combinator, 500 Startups, Other Angels - CorrectedCrocodoc, an angel-backed startup that offers document-viewing software to enterprises, announced Thursday that it has been purchased for an undisclosed amount by Box Inc., a venture-backed cloud storage company. An alumnus of incubator Y Combinator, Crocodoc has raised about $1 million in angel funding, according to Reuters.
- GiveCorps Closes $822,000 Angel Round
GiveCorps has closed a round of angel funding worth $822,000. Investors include: The Abell Foundation; David Warnock, founder of Camden Partners; Vince Talbert, co-founder of Bill Me Later; Lou Pugliese, former CEO of Moodlerooms and former CEO of Blackboard; Frank Bonsal, Jr., co-founder of New Enterprise Associates (NEA); and, Joe Hardiman, former head of the National Association of Securities Dealers. Baltimore-based GiveCorps says it creates technology to make philanthropy easy and accessible to everyone.