damian.taylor@cbrecap.com
You might not think the investment strategies of Aydin Senkut’s and Dave McClure’s have much in common. And you might be wrong. This was evident when the pair of iconic investors shared the stage Thursday afternoon.
Reduxio Systems said it raised $9 million in a Series A round led by Jerusalem Venture Partners and Carmel Ventures. Reduxio is developing a storage operating system.
Fenwick & West released a new version of its Series Seed documents on GitHub. The law firm first released its term sheet documents in 2010 and says they have been used by many startups and some Silicon Valley venture capital firms. The new documents represent Version 3.0.
Venture investors pouring money into big data and the mobile enterprise opportunities should find encouragement in a new study from Sierra Ventures. The study, released Tuesday, finds that both big data and mobile devices for the enterprise are on the radars of IT execs at Fortune 500 corporations.
Wayfair.com said it raised $36.3 million in equity financing from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital. The money will be used to grow Joss & Main, the company's private sale site for the home. The site has nearly three million members and is operating at a $100 million annual revenue run-rate.
Poshmark said it raised $12 million in a Series B financing led by Menlo Ventures and joined by existing investors Mayfield Fund, Inventus Capital, SoftTechVC, and SV Angel. The new round brings the company’s funding to $15.5 million. Poshmark will use the capital to support its online community, expand to new platforms and make new hires.
If there is good news to be had in private equity these days it is that limited partners seem to want to put new money to work. Many GPs will argue that consistency is their forte. But only some can truly make that claim, a new study finds.
Included on the list of active players are Salesforce.com, Adobe Systems and Cisco Systems. Even Johnson & Johnson talks about its efforts to fuel innovation and potentially pull the most attractive companies in house.
So where do the three top VCs David McClure, Rob Theis and Josh Stein see room to run? The answer is educational products, post-PC software and the convergence of mobile and cloud.
Average investment multiples are higher for later stage and secondary commitments made since 2005, compared with other funds of the same vintages, and median IRRs for the later and secondary fund investments from earlier in the decade are better as well.