Private Equity
Demand for H1-B visas is so strong that the annual cap of 65,000 was hit last week. VCs and tech executives want to see the quota boosted to 300,000, but some U.S. tech workers and academics say the tech talent shortage is exaggerated -- and the H1-B program serves mainly as a source of cheap labor.
5 min read · 10 April 2013
EndoEvolution, an innovator in automated suturing devices is closing on a $5,000,000 Series C round of venture financing led by its current investor, Spring Bay Companies. Ron Rudowsky has also been named president and chief executive officer.
3 min read · 09 April 2013
Long time head of the National Venture Capital Association Mark Heesen announced on Thursday that he would step down from his post when a successor is found. After 22 years with the association and 14 as its president, he said it was for time for new blood. Here is Heesen in his own words.
3 min read · 08 March 2013
Menlo Ventures is bringing on veteran VC Venky Ganesan as a partner shortly after Managing Director Shervin Pishevar said he would reduce his role at the firm.
2 min read · 20 February 2013
The current, accepted wisdom is that those who understand Big Data will rule the roost in the future. There’s just one problem: there aren't nearly enough "data scientists" to go around.
5 min read · 07 February 2013
Identity verification startup Trulioo has raised $2 million in seed funding from Blumberg Capital. The compnay has also recruited Google’s director of identity Andrew Nash as chief technology officer.
2 min read · 22 November 2012
Though the cat was basically out of the bag by Saturday, the news is now official: Andreessen Horowitz, the firm founded in 2009 by Ben Horowitz and Marc Andreessen, has hired Chris Dixon as its newest partner. In a twist, though, the New York entrepreneur and investor is moving to California.
3 min read · 19 November 2012
San Francisco-based Lemnos Labs has secured $1.85 million in funding. Investors include Alex Lloyd of Accelerator Ventures, Alex Vikati, Ash Patel, Matt Mullenweg's Audrey Capital, Daniel Abrams, Don Hutchison, Edwin Ong, Jack Herrick (founder/CEO of wikiHow.com), Naval Ravikant, Othman Laraki, Paul Sethi and Seraph Group. The company has also enlisted Eric Klein, managing partner at Klein Venture Partners, as its entrepreneur in residence.
3 min read · 19 November 2012
Blueprint Medicines, a Cambridge, Mass.-based company that's developing cancer therapies, has made Chris Varma, its founding president and an entrepreneur-in-residence at Third Rock Ventures, its permanent president and CEO. The company has also named Daniel Lynch as executive chairman of its board. Lynch spent nearly five years at ImClone Systems, including as CEO and CFO.
4 min read · 13 November 2012
Simply Hired, the Sunnyvale, Calif.-based job search engine company, has appointed James Beriker as president and CEO. Beriker recently led targeting and performance businesses at Yahoo; he also cofounded Search123, one of the first pay-per-click search engines, which was acquired by ValueClick in 2003.
4 min read · 13 November 2012
