New Enterprise Associates related stories
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NEA Goes Hyper, Does 12 Deals in OctoberI was putting together the monthly list of most active U.S.-based VCs for the next issue of Venture Capital Journal and was stunned to see New Enterprise Associates atop the list with 12 deals. (See table below.) That's a much larger number than we typically see for a monthly period. What's it mean? Maybe it's a sign that deal making is finally heating up after a long cool spell. Or maybe NEA just wanted to let loose. To put those numbers into perspective, here's how the prior three months looked: For September, the most active VC was NEA, with eight deals; for August, it was Kleiner Perkins, with five deals; and for July, it was Intel capital, with seven deals.
- peHUB Wire: Thursday, November 12, 2009
Random Ramblings
- peHUB Wire: Thursday, November 12, 2009
Random Ramblings
- Confirmed: Playdom Raises $43 Million
Playdom, a Mountain View, Calif.-based social gaming company, is raising up to $70 million in VC funding at around a $300 million valuation, according to Eric Eldon http://www.insidesocialgames.com/2009/11/11/playdom-raising-big-new-round-and-its-chairman-also-has-a-new-social-gaming-fund/ New Enterprise Associates reportedly is among the investors. Eldon also reports that Rick Thompson, Playdom's co-founder and chairman, has raised around $50 million for a VC fund of his own. Update: TechCrunch puts the round a $43m http://www.techcrunch.com/2009/11/11/exclusive-playdom-raises-a-huge-round-at-a-huge-valuation/ with a $260m pre-money valuation ($406m post). Says NEA was joined by Norwest Venture Partners and Lightspeed Venture Partners. Update II: The company has issued the following press release:
- Second Market -- Canary In The Coal Mine? Silbert Says Yes.
Activity on the auction site has spiked in the last 18 months because so many people -- venture capitalists, limited partners, employees of startups and others -- have their money tied up in illiquid assets and want out, said founder Barry Silbert, who spoke yesterday on Grant Thornton's conference call introducing their latest report on the long-term decline of U.S. IPOs. Second Market now has $25 billion worth of assets for sale and 5,000 participants, and Silbert expects the site to complete 2 billion transactions by the end of the year. Some of the biggest names in Silicon Valley -- private companies that are unwilling or unable to go public -- are selling assets, including Facebook, eHarmony, Second Life, LinkedIn and Tesla Motors. There's more interest in Second Market from investors too, Silbert said, partly because secondary sales are the only way some of them can get in on these deals. So Benchmark, Accel, NEA, IVP and several other VCs and investment banks are shopping at Second Market.
- peHUB Wire: Monday, November 9, 2009
Random Ramblings
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback
- peHUB Wire: Monday, November 9, 2009
Random Ramblings
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback