peHUB Rewind
Here's a look at the past week's scoops, opinions and analysis from the peHUB blogging team. We kicked off the week with some officially horrifying VC deal data. In better news, peHUB learned that Netscape co-founder Marc Andreessen and former Opsware exec Ben Horowitz are hoping to raise around $250 million for their debut venture capital fund. A VC-backed company filed a lawsuit against its backers, which includes Battery Ventures and Index Ventures. Further, the founders of Broadcom are being tried for fraud. In other lawsuit news, Pink Floyd is suing Terra Firma. Also, Marc Cuban backed an SMS messaging platform company, Kevin Macdonald has joined Morgenthaler, Kleiner Perkins is benefitting from Swine Flu, Evite continues its war against Socializr, startup Zango has closed shop, and a hemp startup called Living Harvest Foods is looking for money. Another new venture capital firm entered the world: Step5 Ventures. Call me old timey, but I prefer firms with surnames or real words in their titles. (Then again, the name "peHUB" doesn't exactly follow that sentiment.) Two VCs are interested in political office: Scott Murphy of Advantage Capital, and Joanna Rees of VSP Capital. Connie is ready to send Lou Dobbs to space, Alastair has some regional VC numbers on an unlikely VC state: Michigan, and Joanna has the scoop on SecondMarket, which officially launched its Private Company Marketplace last week. Alex reports that VC networking is back, and he's not talking about schmoozing over wine and swapping business cards. In honor of Earth Day, we looked at Cleantech numbers. On the buyouts side, the top story continued to be New York's state pension fund scandal. Dan wrote that it's time for public pension funds to track fund flow. We followed the ups and downs of the story, including Quadrangle's LP vote and New York's decision to ban placement agents. Here's a list of our posts from last week:
