News

Addressing the challenges in medical innovation: VCJ

The U.S. could be in jeopardy of losing its foothold as the world’s leader in drug and medical device innovation, Bobby Franklin, NVCA president and CEO, writes for affiliate magazine Venture Capital Journal.

Fund performance: Bubble-era funds still struggle for gains

Progress seen in PSERS’ portfolio from StarVest, Cross Atlantic

Airbnb inks $475 mln from Sequoia and Andreessen Horowitz

According to an SEC Form D filing, online home rental marketplace Airbnb has raised $475 million in funding. Alfred Lin of Sequoia Capital and Jeff Jordan of Andreessen Horowitz were named in the filing.

Bubble-era funds prove a value investment for secondaries

For most LPs, dot-com, bubble-era venture funds aren’t an investment that warrants much bragging. But recently, one group has done quite well with the asset class: Secondary investors.

Nordstrom buys VC-backed men's clothing service Trunk Club

Department store chain Nordstrom is acquiring Trunk Club, the latter announced on its site. No financial terms were disclosed; although other outlets peg the value to be at $350 million.

Reporter's notebook: The healthcare IT deals that got away

At a healthcare dinner in San Francisco, VCs lament losing out on backing Veeva and other startups

Alibaba invests $120 mln in Kabam in latest U.S. deal: Reuters

Alibaba Group Holding Ltd has invested $120 million in San Francisco-based mobile games studio Kabam, the latest in a string of U.S. investments, Reuters reported.

So Cal early-stage firm CrossCut seeks $50 mln – filing

CrossCut Ventures, a seed stage venture capital firm based in Venice, California, is seeking $50 million for a planned third fund, according to a securities filing.

Fund briefs

Venture-backed stocks bounce back

In June, the index of VC-backed stocks rises more than 52 points