The Deal
Wednesday, November 19, 
7:13 pm

February 2008
Feds pick ARCH, Foundation and KPCB for energy partnerships
[Posted on February 29, 2008 - 5:51 PM]
The U.S. Department of Energy just announced results of a competitive process to bring venture capitalists into its new Entrepreneur in Residence program, picking Kleiner, Perkins, Caufield & Byers, ARCH...

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Yelp's Stoppelman says no IPO until at least 2010
[Posted on February 29, 2008 - 4:36 PM]
Yelp co-founder and CEO Jeremy Stoppelman says the online recommendation startup is unlikely to go public anytime soon. "We don't anticipate raising another round until we go public, I guess...

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NextIO connects with $18.8M for virtualizing server communication
[Posted on February 29, 2008 - 4:05 PM]
Connectivity virtualization developer NextIO Inc. announced Friday an $18.8 million third round as the five-year-old company prepares to launch its first products to enable distributed computing systems to connect and...

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U.S. firms capture majority of global cleantech spending
[Posted on February 29, 2008 - 9:57 AM]
Some interesting data on global venture capital investment in clean technology out today from Dow Jones VentureSource.First, the U.S. is finally starting to play catch-up to Europe, where alternative energy...

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Dragonfly, Magnify, WideOrbit and more
[Posted on February 28, 2008 - 5:35 PM]
InternetDragonflyHigh-definition online video distributor GuyTech USA Inc. of New York, commonly known as Dragonfly, has disclosed a round of funding worth more than $3 million. Investors in the round include...

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TyRx hopes to clean up by fighting infections
[Posted on February 28, 2008 - 5:09 PM]
Drug delivery and device maker TyRx Pharma Inc. has landed $25 million in a first institutional round of investment on the strength of regulatory approval of its first commercial product,...

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Will federal ethanol subsidies trickle down to seed developers?
[Posted on February 28, 2008 - 3:28 PM]
As the ethanol industry gears up to meet ambitious demands, its lobbyists have recently managed to put in place in legislation that mandates a nine-fold increase in production, to 36...

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Khosla, Greycroft back ad software maker WideOrbit
[Posted on February 28, 2008 - 2:17 PM]
WideOrbit Inc. is a company to watch because its technology addresses a fundamental problem for media companies today: tightening the connection between offline and online advertising sales in an age...

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How to lose deal flow and alienate entrepreneurs
[Posted on February 28, 2008 - 1:06 PM]
Venture capital has evolved so much through the boom, bust and current resurgence that it's easy to forget what 95% of the investors were like before the late 1990s. They...

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Panther Express, 9Diamond, HiveLive and more
[Posted on February 27, 2008 - 5:54 PM]
InternetPanther Express New York's Panther Express, a provider of content delivery services, has completed a $15.75 million Series B round led by Index Ventures of London. Gold Hill Capital Management...

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As rivals are bought, email security specialist Proofpoint taps investors
[Posted on February 27, 2008 - 5:36 PM]
Buoyed by high-priced acquisitions of its two chief rivals, anti-spam and data leakage software maker Proofpoint Inc. on Wednesday, Feb. 27, said it landed $28 million in a late-stage growth...

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Chrysalis raises $163 million to net mid-America butterflies
[Posted on February 27, 2008 - 5:03 PM]
Chrysalis Ventures oversubscribed its fourth investment fund to close with $163 million. The regional growth capital firm invests in healthcare services and technology, media and communications, and business services in...

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Trinity Ventures' Gus Tai: Fewer Web 2.0 hits in the pipeline
[Posted on February 27, 2008 - 4:51 PM]
Tech Confidential recently chatted with Trinity Ventures general partner Gus Tai about emerging issue for venture investors focused on Web 2.0 companies: Many startups don't need them, or at least...

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A response from 4 VCs within one week... guaranteed
[Posted on February 26, 2008 - 10:04 PM]
One of the most common charges leveled against venture capitalists is that they are rude. Part of that complaint stems from the fact that many venture capital firms don't respond...

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Ultra wideband startup taps new investors for $24M round
[Posted on February 26, 2008 - 4:52 PM]
Israeli chip developer Wisair Ltd. took advantage of renewed optimism in the market for wireless devices for PCs and peripherals to land a $24 million Series D funding led by...

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VC Deaflow: Feb. 26, 2008
[Posted on February 26, 2008 - 3:58 PM]
Software Portico Portico Systems of Philadelphia has raised $7.7 million in Series B financing. Edison Venture Fund of Lawrenceville, N.J., led the round with a $4.9 million investment, joined by...

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3 Reasons iLike's Ali Partovi thinks he can beat MySpace
[Posted on February 26, 2008 - 3:17 PM]
You have to admire its ambition. While most digital music startups are targeting a niche area like ticketing or event listings, iLike is going after the whole shebang. iLike CEO...

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Google exec dismisses idea of a 'magic bullet' for monetizing digital music
[Posted on February 26, 2008 - 6:30 AM]
Glenn Otis Brown, products counsel at YouTube, dismissed the idea that there is some "magic bullet" or a "unifying theory" that will solve the music monetization question. Google is a...

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VC Dealflow: Feb. 25, 2008
[Posted on February 25, 2008 - 5:07 PM]
Internet   Adconion Media Group New York-based online advertising network Adconion Media Group has closed an $80 million Series C round. European venture firm Index Ventures and existing investor Wellington...

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Glam Media gathers $84.6M for women's portal and ad network
[Posted on February 25, 2008 - 4:33 PM]
Online media startup Glam Media Inc. raised $84.6 million in a Series D funding round to help it roll up additional content sites and expand an ambitious publishing model that...

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DivX can't pay anyone to take Stage6 off its hands
[Posted on February 25, 2008 - 4:17 PM]
More than a year after YouTube won the online video sharing sweepstakes by rolling up a huge audience and selling out big, the ramifications continue to be felt. Revver was...

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Learning by doing is Google's secret sauce; is it enough?
[Posted on February 25, 2008 - 2:51 PM]
Google chief economist Hal Varian boils down Google's success in search to the fact that the company has been doing it longer than anyone else. Through practice, Google is better than...

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Glam Media gets $84M to become the belle of the online media ball
[Posted on February 25, 2008 - 12:25 PM]
  Women's Web site Glam Media Inc. announced Monday that it has raised $84.6 million to boost the growth of its distributed media network. The round, which consists of $64.6...

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Orchid Asia Group closes record fund for China
[Posted on February 22, 2008 - 3:21 PM]
Chinese growth capital investor Orchid Asia Group Management Ltd. boosted commitments in its fourth fund more than 200% over its previous effort, closing Orchid Asia IV LP with $420 million,...

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VC Dealflow: Feb. 21, 2008
[Posted on February 21, 2008 - 5:15 PM]
Healthcare TrupanionTrupanion, a provider of pet healthcare coverage, has secured $22 million in funding from Maveron LLC of Seattle. The startup was founded in 2000 in Canada and recently moved...

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Dakim gets $10.6 million to promote seniors' brain health
[Posted on February 21, 2008 - 4:51 PM]
Dakim Inc., a developer of software and systems to help seniors retain brainpower, raised $10.6 million in Series C funding led by Galen Partners to market its products to care...

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Treadmills for brains gets $10.6M
[Posted on February 21, 2008 - 12:36 PM]
  In a venture play aimed at the large and increasing population of aging baby boomers eager for new technologies to help them remain active, Dakim Inc. has raised $10.6 million...

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Investors pipe $24M into Sub-One
[Posted on February 21, 2008 - 12:24 PM]
  Cleantech materials startup Sub-One Technology Inc. has attracted $24 million in third-round funding, with the Nomura International division of Japanese banking firm Nomura Holdings Inc. leading the investment. Also...

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Pain Points: MMORPGs seek payment and fraud solutions
[Posted on February 21, 2008 - 6:01 AM]
One of the cliches in the venture capital industry is that a startup must solve a pain point in order to receive funding. Of course, the greatest startups create services...

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N-Trig sees writing on the wall with pen and screen digitizer
[Posted on February 20, 2008 - 5:03 PM]
Israeli display technology startup N-Trig Ltd. has raised $28 million in a first round of institutional venture capital from Canaan Partners and Evergreen Venture Partners.The deal comes on top of...

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VC Dealflow: Feb. 20, 2008
[Posted on February 20, 2008 - 4:55 PM]
NetworkingUbicomUbicom Inc. of Sunnyvale, Calif., a supplier of communications processor and software technology for the residential WLAN market, has raised $18 million in Series D financing. Lehman Brothers Venture Partners...

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New Avalon early-stage venture fund tops $150 million
[Posted on February 20, 2008 - 4:48 PM]
Early-stage specialist Avalon Ventures has closed its eighth fund with more than $150 million to continue its focus on biotechnology, wireless communications and Web media applications. The fund is Avalon's...

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Advice for VCs in ad-supported startups: Talk to the salespeople
[Posted on February 20, 2008 - 2:13 PM]
HipMojo's Ashkan Karbasfrooshan writes today that most venture capitalists investing in the slew of startups hoping to grow by garnering ad dollars don't have the necessary experience to gauge...

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eBay M&A chief: We're still not giving up on Skype
[Posted on February 20, 2008 - 1:12 PM]
In a lengthy interview in The Deal magazine, Lorraine McDonough, vice president of corporate development at eBay, highlighted the online autioneer's recent M&A triumphs and ongoing integration challenges. I've been...

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30 funded CDNs and counting... analyst predicts shakeout
[Posted on February 20, 2008 - 6:01 AM]