U.S. Venture Partners related stories
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Another Ray of Sunshine for VC Fundraising: Ex-USVP Partner Raises $35M for New FundAfter 12 years at Sequoia Capital and U.S. Venture Partners, Tim Connors hung his own name on the door Monday as managing partner of a $35 million micro VC fund called PivotNorth Capital. The fund took Connors two quarters and “25,000 miles of planes, trains, and automobiles” to raise, Connors wrote in a blog post http://timdotvc.tumblr.com/ Connors told peHUB in an interview that the micro model reminds him of the venture business 20 or so years ago, when the Sequoias and KPs were smaller shops with fewer partners and staff. “I’m kind of going back to the tried and true business model,” he said. “There’s more than one way to be successful” in venture.
Health Care Dialing Up Mobile AppsSmart docs are using smart phones in their patient care and more app developers and VCs are joining the conversation
- There's Money in Payments
Companies developing technologies and services related to the payments industry are ringing up the dollars as investors wager that transactions for digital goods are poised for growth
- NetLogic To Buy Optichron
NetLogic Microsystems, a Santa Clara, Calif.-based chipmaker, said Monday that it has agreed to buy Optichron for an initial cash payment of $77 million. NetLogic said it may also provide up to $108.5 million in a milestone payment, as well as $12.5 million in additional consideration. Optichron's investors include U.S. Venture Partners, Battery Ventures, TL Ventures and VentureTech Alliance. The sale has been approved by the boards of both companies and is expected to close in second quarter.
VCs Went to the Cloud in 2010Nearly 70 cloud-related startups raised more than $500 million capital this year; some say that the cloud will continue to grow in the next few years, thanks to the enterprise
- 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
- Clustrix Raises $12M Series B
San Francisco-based Clustrix, which develops clustered database systems for Internet-based applications, has raised $12 million in Series B financing. Menlo Park, Calif.-based firms U.S. Venture Partners and Sequoia Capital, along with Redwood City, Calif.-based ATA Ventures, participated pro-rata in this round, bringing the company’s total financing to $30 million.