Private Equity
Beringea has promoted Michael Gross from director to managing director. He leads the firm's North American healthcare and life science VC practice, and serves on the boards of gloStream and Pioneer Surgical Technology.
2 min read · 11 August 2009
Nick Sinai is the latest venture capitalist headed to Washington, where he will serve as Energy and Environmental Director at the Federal Communications Commission. In an email to friends and colleagues, Sinai wrote: President Obama and the Congress have asked the FCC, led by Chairman Julius Genachowski, to form a National Broadband Task Force to deliver a plan to Congress in February 2010. I'll be leading a team that will examine how broadband/communications infrastructure and policies can support our national energy and environmental goals, with an emphasis on the Smart Grid. Sinai most recently was with Tenaya Capital, which he joined as a principal in January 2008. For those not familiar with Tenaya, it's a new firm previously known as Lehman Brothers Venture
1 min read · 10 August 2009
2 min read · 09 August 2009
1 min read · 07 August 2009
Last week, a couple of readers lambasted me—well, politely lambasted—for interviewing an unproven entrepreneur. I took notice. And I want you all to know I appreciate where the criticism stems from. After all, the conventional wisdom among Silicon Valley investors is that serial entrepreneurs are more backable than fledgling company founders. Most of the VCs I hear from—not all, but most—tell me they like repeat entrepreneurs. They like it when the founder has experience in the trenches, so to speak, and has proven himself or herself in the past. If this is indeed the case, I thought it would behoove me to get the perspective of one such entrepreneur. I did. His name is Diaz Nesamoney, founder of San Mateo, Calif.-based Jivox Corp., a provider of online video advertising services. Nesamoney already has two successful ventures under his belt. In 1993, he founded Informatica Corp. (NASDAQ: INFA), which raised
4 min read · 05 August 2009
Marc Michel has joined New York-based Metamorphic Ventures as the firm's third partner. He previously was group head of TD Capital Communication Partners, a $500 million private equity fund. Metamorphic also named six new advisors: Gokul Rajaram, Roland DeSilva, David Nussbaum, Marta Wohrle, David Weisman and Joe Proto.
5 min read · 05 August 2009
1 min read · 04 August 2009
Todd Park, an entrepreneur well-known to Valley VCs, is the latest appointee to the Obama administration. The 36-year-old just accepted the role of CTO of the U.S. Department of Health and Human Services, working under former Kansas governor Kathleen Sebelius. Athenahealth, an online services company that handles the administrative headaches of running a physician's office, was founded by Park and the company's current CEO, Jonathan Bush -- George W.'s first cousin -- back in 1997. It went on to raise $49.6 million from Draper Fisher Jurvetson, Draper Richards, Oak Investment Partners, Venrock Associates, and other firms and individuals before going public in September 2007. Park, who now needs to divest his stock position in the company, stands to make about $45 million off his shares’ sale, according to the Boston Business Journal, which reports that as of April 15, Park
1 min read · 03 August 2009
1 min read · 03 August 2009
1 min read · 03 August 2009
