jkettnich@stepstoneglobal.com

OpenIncubate, a new accelerator program formed to fund teams using open source IP to transform IT infrastructure, launched today with commitments from Austin Ventures, Battery Ventures and The Valley Fund. The program offers seed funding, work space, and mentorship, with no pre-defined limit on the dollars invested or the number of teams allowed into the program. Qualifying companies or teams of entrepreneurs must be software, software-as-a-service, and/or hardware-oriented. Applications are currently open at OpenIncubate.com.

No one hypes startups better than Silicon Valley investors. But they may have outdone themselves today with their $25 million "seed" round for Clinkle. The mobile payments company's backers include Accel Partners, Andreessen Horowitz, Intel and Intuit, as well as Peter Thiel, Marc Benioff and Diane Greene.

The entrepreneur-turned-investor chats about how Ron Conway helped him, the future of bitcoin and why people think he needs to get out more

Chris Dixon reveals now that leaving New York to forge a new path in Silicon Valley wasn’t a quick or easy decision, but he's very happy to be where he is today.

Signal Hill, an investment bank with offices around the country, is bolstering its West Coast operations in San Francisco with the addition of 13 investment banking professionals from Montgomery & Co., the companies announced today. As part of a strategic refocus, Montgomery has "decided to concentrate on its asset management business," the company said. Terms of its arrangement with Signal Hill wee not disclosed.

Eventide Asset Management, a Boston-based investment advisory firm that is "committed to biblically responsible investing," has launched a new fund, the Eventide Healthcare & Life Sciences. The fund's lead portfolio manager is Finny Kuruvilla, who also serves as a principal at the healthcare venture capital firm Clarus Ventures.

Kleiner Perkins Caufield & Byers, the Sand Hill Road venture capital firm, is launching what it's calling the KPCB Design Council and Fellows Program, a three-month-long work program in which students will work on the design challenges of KPCB-backed startups in exchange for mentorship and leadership, including from "best-in-class" designers, and community.

According to his LinkedIn profile, Bonnie has just joined Allen & Co. as a managing director in the investment firm’s San Francisco office.

In this addition, Gawker publishes 950 pages of Bain docs, Jon Miller gears up to leave News Corp., and someone with an upset stomach takes San Francisco to task.

In today's edition, Twitter gives LinkedIn the bird, Madoff's brother gets arrested, and how to drink at weddings. And more!