New Enterprise Associates related stories
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It’s Official: Fund-Raising Sucked Last YearDespite Q4 increase, 2009 was worst year since 2003 in terms of amount of capital raised by U.S. venture funds, says NVCA
Monster Money in MeasurementHeartened by big prices paid for AdMob and Omniture, VCs continue to pour money into analytics startups
All Lined Up to IPOHope springs eternal for a surge in IPOs, with nine more VC-backed companies registering to go public in December
- Is Carl Icahn Feeling Better About Motricity? And About His Son?
Nearly two years ago, I conducted an on-stage interview with Carl Icahn at an industry conference. We mostly discussed economic conditions and shareholder activisim, but I also asked about his minority investment in a young mobile content management company called Motricity. The company was an unusual target for Icahn -- privately-held, VC-backed -- and had just recently announced plans to cut up to 350 workers and move its headquarters out of North Carolina. Icahn's explanation, in short, was to blame his son. "My son liked it and talked me into it... I said okay, and I'm not sure it was the right decision." You can watch video of the exchange after the jump. Today, however, Icahn might be giving his son a pat on the back instead of a hard time. Motricity has filed for a $250 million IPO, and reports strong year-over-year revenue growth between 2006 and 2008. It also had an 18.6% revenue increase between the first nine months of 2008 and the first nine months of 2009
- On Google and China, U.S. investors mostly mum
Accel, however, sees more business opportunities with Chinese gaming companies
- BuyWithMe raises $5.5M for group buying
Matrix Partners backs startup that provides online group buying solutions
- peHUB Wire: Monday, January 25, 2010
Monday Mouth-Off
- peHUB Wire: Monday, January 25, 2010
Monday Mouth-Off
- Kleiner Does 14 Deals in December, Sign of A Turnaround?
Venture capital investment picked up significantly in the fourth quarter, according to preliminary data from Thomson Reuters (publisher of peHUB). The National Venture Capital Association and PwC won’t release their official MoneyTree Report (which is based on Thomson Reuters’ data) until this Friday, but the raw numbers in our database show a spike. The preliminary figures show that U.S.-based VCs pumped just over $17 billion into nearly 1,400 companies in Q4, making it the biggest quarter of 2009. By comparison, U.S.-based VCs invested $13.9 billion in 1,251 companies in Q3, $8.9 billion in 1,223 companies in Q2, and $7 billion in 1,130 companies in Q1, according to Thomson Reuters. The MoneyTree numbers will be a bit different, since they focus only on investments in U.S.-based companies (regardless of VC location). They also get scrubbed a bit by PwC before release. That said, I'd be surprised if MoneyTree shows a decline from Q3 to Q4. As I noted in a previous post /55536/nea-goes-hyper-does-12-deals-in-october/ about New Enterprise Associates, we’ve seen anecdotal evidence that at least some firms have become more active.