“In The Studio” this week hosts a special guest who doesn’t typically go on camera that often. As a result, I decided to make this particular episode of the show longer to capture my entire discussion with Greylock’s David Sze. For anyone who follows the ins and outs of venture capital, Sze’s name looms large. By now, most everyone knows of Greylock’s impressive run over the last decade, a firm… → Read More
Love photos but utterly bored by wave after wave of iPhone photo sharing apps? Lytro is the company for you. This is also the company for anyone who thinks Silicon Valley has fallen into a rut of innovation-less posing. And it’s the company for anyone who complains that the Valley is more about media and marketing than brass-knuckles, hardcore technology. This is the company that jaded, cranky… → Read More
TellApart, a startup that enables eCommerce companies to use customer data to offer more personalized display advertising to both their loyal and potential customers alike, today announced that it has closed a $13 million series B round of funding. The round was led by Bain Capital Ventures, with contributions from Greylock and others. → Read More
According to several sources Airbnb is in the process of closing a whopper of a funding round: $100 million or more at a $1 billion-plus valuation. The round is being lead by Andreessen Horowitz, and includes participation from DST, say our sources.
In the 1990s, peer-to-peer networks were a revelation. They allowed people to pool together tiny parts of their computers, and those pooled together parts could do far more together than the average computer or connection could do on its own. It enabled everything from swapping pirated music to making cheap transcontinental calls via Skype.
But what if you could do the same thing with tiny parts… → Read More
It’s time for the much-awaited part two of our sit down with Internet big-thinkers Reid Hoffman and Tim O’Reilly. We invited the two in the studio last week to talk about what Hoffman has called “Web 3.0″– the use of an explosion of data being collected about our real lives online.
Last week, we talked about the undeniably scary aspects of Web 3.0– data and privacy and how we can trust… → Read More
U.S. venture capital firms raised more money last quarter than in any period since 2001. The total raised for new funds was $7.7 billion, according to Dow Jones LP Source. The capital going into VC funds was up 97 percent from a year ago, when they raised $3.9 billion. (Venture capital funds benefited from an overall influx of money into U.S. private equity funds overall, which attracted a… → 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
Earlier today, we posted an interview with Matt Heist, CEO of HighGear Media, an auto blog that hit four million uniques last month. That may not sound too jaw-dropping but gearheads are a surprisingly neglected online audience, and HighGear has proven a haven for car enthusiasts and the journalists that love to write for them.
Two of the Valley’s top venture funds certainly believe HighGear has… → Read More
A while ago I wrote about how neglected the sports vertical was online, given the largest properties are mostly the same portals or online versions of old media sites that were launched in the late 1990s. It turns out another macho-content vertical is even more neglected– cars.
Silicon Valley venture firm Greylock Partners is adding a seasoned executive to its enterprise team today with the addition of Frank Slootman as partner. Slootman was formerly the CEO of Data Domain, which was acquired by EMC in 2009 for $2.4 billion (Greylock was one of the two founding investors of Data Domain). Slootman says he will continue on at EMC as an advisor.
At EMC, Slootman served as… → Read More
Editor’s note: The following is a guest post by Greylock Partners VCs Reid Hoffman and James Slavet. Reid Hoffman is Co-Founder and Chairman at LinkedIn and a partner at Greylock. His complete profile can be found at www.linkedin.com/in/reidhoffman. James Slavet is a partner at Greylock. His complete profile can be found at www.linkedin.com/in/jamesslavet. → Read More
Back in August we reported that Elevation Partners had signed a letter of intent to buy secondary shares in Pandora, the long-suffering, now-hot online radio station. I wondered what ever happened to that deal, so I started digging. As it turned out, shares were sold but Elevation didn’t get them.
Here’s what we’ve been able to piece together, from several sources on different sides of the… → Read More
Stealth startup Proferi closed a $6.3 million Series A funding today. Investors include Andreessen Horowitz, PeopleSoft and Workday founder Dave Duffield, and Greylock Partners, who led the round. Aneel Bhusri, a Greylock partner and co-founder of Workday, will join the board, along with Duffield and Ben Horowitz.
Proferi was founded by Romanian entrepreneur Christian Gheorghe. Proferi is… → Read More
According to an SEC filing, DNS service provider OpenDNS has raised more capital, $4.5 million to be specific. We’ve confirmed the additional financing with the company and learned that this was an inside round handled by Sequoia Capital and Greylock Partners (they took a stake in the company in July 2009).
Today, during our TechCrunch Disrupt conference in San Francisco, Mike Arrington and Erick Schonfeld sat down with LinkedIn founder (and investor) Reid Hoffman and Greylock’s David Sze to talk a bit about investing. The big news was that Greylock was giving Hoffman a new $20 million seed fund. But the duo had some other interesting things to say.
When Mike asked how both Sze and Hoffman missed… → Read More