TechCrunch founder Michael Arrington sat down with Benchmark Capital’s Matt Cohler this morning at TechCrunch Disrupt SF to discuss the state of tech investing. One of the first questions Arrington asked was about Cohler’s own startup investments, and specifically whether or not he had invested in any new companies this year. As it turns out, he has not – but it wasn’t a specific decision… → Read More
Editor’s Note: This is part two in an in-depth series exploring the ramifications of the explosion of late stage capital being raised by the Valley’s elite venture firms. For part one, go here.
In the mid-2000s when nearly every top venture capital firm was expanding to India and China, Benchmark Capital did not share its peers’ worldly ambitions. In fact, while the firm retained its Israel fund… → Read More
If you blinked you might have missed last Friday’s news that Chinese Web giant Tencent is buying LA-based Riot Games. And that’s just fine by Tencent.
Tencent and its founder Pony Ma (seen in a sea of winking penguins to your left) are incredibly press-shy, as everything about the way the deal “leaked” demonstrates. It came late on a Friday before the Superbowl, it was positioned as Tencent… → Read More
“I hope we’re not entering a world where Silicon Valley becomes Versailles”
That was Matt Cohler speaking today at our TechCrunch Disrupt conference in San Francisco. Cohler, a partner at Benchmark Capital (and one of the original employees of Facebook), sat down with our own Mike Arrington to talk about the state of the venture capital industry.
Cohler made his provocative statement in the… → Read More
“So ResearchGATE is Facebook for Scientists?” I asked ex-Facebook exec, current Benchmark Capital general partner and new ResearchGATE investor Matt Cohler. “I bristle at that characterization,” he responded telling me that doesn’t adequately describe the company.
Stitcher CEO Noah Shanok wants his company to become the Pandora of Web talk radio, and he just raised a $6 million Series B to help him get there. The round was led by Benchmark Capital, and follows a $2.7 million Series A in 2008. Existing investor New Atlantic Ventures put in more money as well.
In a statement, Index Ventures says Mickos will focus on seeking out new investment opportunities within the European technology market, helping to identify and evaluate… → Read More
Clarizen, provider of online work and project management software, has secured $8 million more in a Series C round of venture capital funding led by DAG Ventures, Benchmark Capital and Carmel Ventures. The total amount of venture capital invested in the company, which was founded in 2005, now totals $24 million.
In the third quarter of 2009, we saw a slight rebound in venture funding from earlier in the year. But which venture capital firms were the most active in the quarter? One of my favorite new tables in our latest TechCrunch Trends report, which is based on company data we collect in CrunchBase, is the ranking of the most active venture capital firms.
We’ve reproduced that ranking below in two… → Read More
For more TechCrunch Analysis, check out the Q3 09 Trends Report here.
Which venture capitalists had the most exist last quarter? A peek at Crunchbase data shows that Accel Partners, Benchmark Capital, Foundation Capital and New Enterprise Asosciates all recorded at least three exits by acquisition in Q3 2009.
The four firms were all also among the ten most active investors in CrunchBase in the… → Read More
Mickos served as chief executive officer for the open source database company from January 2001 to February 2008, when Sun Microsystems acquired MySQL for $1 billion. Benchmark was a relatively early investor in the company; they participated in the $20 million Series B round together with… → Read More
Billed as the web’s “largest almanac of pro and college athletes, built entirely by fans”, Fanbase is today launching its directory of all things sports to the world after 18 months of work and a few months of public beta. Backed by $5 million in venture capital from Benchmark, Fanbase’s aim is to mobilize and unite fans around pages of any athlete or sports team at any level.
In its limited… → Read More
As Erick pointed out yesterday, IPO registrations are up. But even if all of these companies go out, does this mean VCs are out of the no liquidity woods? Hardly.
Sure everyone brings up LinkedIn and Facebook as the potentially huge homerun IPOs in the wings, but a lot of the companies queuing up look more like OpenTable.
The reservation Web site deserves props for making it out in a tricky… → Read More
Everyone is obviously talking about the Facebook/FriendFeed deal, but everyone wants to know one key detail: How much did Facebook pay? Now we know: Facebook paid nearly $50 million when you add the $15 million it paid in cash with roughly $32.5 million (based on current valuations) in stock, according to the Wall Street Journal.
The stock is the key part of this deal. Its value is derived from… → Read More