Software-focused venture capital firm, Greylock Partners, has been behind some of the largest technology acquisitions and IPOs. It backed Facebook Inc., LinkedIn Inc. and Groupon Inc. And just four days after Greylock invested in Instagram Inc., Facebook announced that it was acquiring the mobile social media startup for $1 billion. In this video, partner John Lilly and principal Josh Elman talk about their investment strategies. Lilly predicts that, as in the Instagram deal, "there will be more and more companies that get bought that are mobile-first or mobile-only." Defending Instagram's sky high valuation, Lilly says "It's the biggest, most robust mobile network so far." -Katie RoofShare:
Canadian commercial real estate services firm Avison Young hired Daniel Carlo as a principal of and managing director of the firm's Miami office. For other updates launch today's Movers & shakers slideshow.
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