Lawrence Aragon
Paul Graham, co-founder and frontman of Y Combinator, is stepping back from his day-to-day responsibilities at the tech incubator, and entrepreneur Sam Altman is taking over as president.
New venture fund plans to raise $50 million to invest in ”post-seed” Internet companies stuck between the gap between seed and Series A rounds.
Bitcoin trading platform Coinsetter has raised $510,000 in new capital, boosting its total venture backing to more than $1 million. The New York-based company said in a regulatory filing that it plans to raise up to $1.5 million.
Sequoia Capital has quickly returned to the market with two venture funds focused on growth investments in China and the United States, while Sequoia Capital India is out raising its fourth fund, regulatory filings show.
Bitcoin’s recent woes have caused some investors to think twice about the digital currency, according to a peHUB poll.
Vinod Khosla strikes back at the news program, while Lisa Suennen steps away from Psilos and Maha Ibrahim
Northzone VII nears first close at €150 million, and Bowmark Capital closes its fifth fund
Union Square Ventures has closed on its fourth early-stage fund and second “opportunity fund,” raising close to $350 million altogether, according to regulatory filings, sister news service Venture Capital Journal reported.
Dave McClure has raised just over $2 million from 24 investors for 500 Luchadores, a Mexico-focused seed fund, according to an SEC filing. McClure, founder of 500 Startups, began raising 500 Luchadores in November 2012. It has a target of $5 million.
Andreessen Horowitz is raising a fourth fund with a target of $1.5 billion, Fortune reported. The firm closed on 1.5 billion for its third fund in January 2012.