Demand for private company shares declined in the second quarter versus the first quarter but was up sharply year-over-year, according to a new report released today by SecondMarket. The market for private company stock saw $112 million in transactions last quarter, versus $156 million in the first quarter, or down 39 percent sequentially. On an annual basis, however, it was up 120 percent over… → Read More
To kick off TechCrunch Disrupt today in New York, Erick Schonfeld took the stage to interview investor Fred Wilson, of Union Square Ventures. For background, Wilson was early investor in Twitter, Zynga, Foursquare, Tumblr, and Etsy and is also a prolific blogger.
Wilson sort of revealed that Union Square Ventures has sold some of its stock in Twitter. When Schonfeld asked if he sold stock in… → Read More
What was the best business decision VC Fred Wilson ever made? What was the worst? What part of his job does he dislike the most? The answers might surprise you. In the video above, Wilson answers some rapid fire questions (delivered in a not-so-rapid fashion) from Founder Stories host Chris Dixon.
The clip is an outtake from the interviews segments we ran a week ago, in which Wilson talks… → Read More
Few VCs have a hotter hand right now than Fred Wilson. His firm, Union Square Ventures, is an investor in Twitter, Zynga, Foursquare, Tumblr, Etsy, Clickable, and more . In this episode of Founder Stories, he talks to host Chris Dixon about Union Square’s investment thesis has changed from going after all web apps to companies that are “building a large networks of engaged users.” (Watch the… → Read More
With acquisition feelers out to Twitter for a reported $8 billion to $10 billion, bubble talk is once again the topic of discussion. It’s a recurring theme, and on this episode of Founder Stories venture capitalist Fred Wilson talks to Chris Dixon about the frothy valuations in Techland. Wilson is careful not to use the word “bubble,” but this is familiar ground for him. He he has been vocal… → Read More
Back in December, we spotted an SEC filing indicating that Union Square Ventures was raising between $135 million and $200 million for a new “Opportunity Fund.” The offering wasn’t complete and the firm could not discuss it, but today partner Fred Wilson explains in a post what the new fund (which ended up being a $165 million fund) is all about.
The fund is not about going after different… → Read More
Union Square Ventures is raising $200 million for a new fund called the Union Square Ventures Opportunity Fund LP. According to an SEC filing, the VC firm already raised $135 million for the fund from 19 investors. The last time Union Square raised money was for its $156 million Union Square Ventures 2008 LP fund.
Union Square Ventures is the leading early stage VC firm in New York City led by… → Read More
Exclusive – Zemanta, which assists bloggers by providing tips, suggesting content and helping them promote their contributions to the world, has recently secured its largest venture capital round to date. Previous investors Union Square Ventures and Eden Ventures have injected another $3 million into the European startup, bringing its total of capital raised since its inception to roughly $6… → Read More
Crafty commerce site Etsy just raised another $20 million in its fifth venture round (that would be the Series E). Index Ventures is the new investor leading the round, with partner Danny Rimer getting an observer’s seat on the board. (The board is made up of founder Rob Kalin, Caterina Fake, Accel partner Jim Breyer and Union Square Ventures partner Fred Wilson). Previous investors Accel and… → Read More
You can always count on Hunch founder Chris Dixon for interesting Tweets. He just sent out this one:
turns out patent trolling might not pay. Intellectual Ventures has negative 78% return.http://bit.ly/bSfamC
The link is a PDf download of a document from the University of Texas Management Company listing all of its private investments in venture funds and private equity funds, along with their… → Read More
Foursquare, the geo-mobile startup everybody tried to invest in or buy, now has officially closed its Series B funding round. The “wire transfer heard ’round the world,” as board member Bryce Roberts puts it, was for $20 million, giving the company a $95 million pre-money valuation. The round was led by Andreessen Horowitz, as previously reported, with existing investors Union Square Ventures and… → Read More
A months long fundraising process for Foursquare is in its last stages, we’ve heard from multiple sources, and Andreessen Horowitz looks to be preparing to check-in to Foursquare to take an investor badge.
The company has delayed committing to new venture capital as they considered buyout offers – negotiations went deep with both Yahoo and Facebook, and possibly Microsoft. The Yahoo discussions … → Read More
Microblogging startup Tumblr, based out of New York, has raised $5 million more from the same investors who’d already bankrolled the company with a little over $5 million over two previous rounds, namely Union Square Ventures and Spark Capital.
As we alluded to two days ago, the location-based social network Foursquare has just raised its first round of funding. PaidContent found out about the seed round through an SEC document, and we’ve confirmed the round with the company.
Boxee, the media center software startup, has won a lot of fans with its open approach to streaming content. And as a result it has won some more money, to the tune of a $6 million second round, led by Boston’s General Catalyst Partners. The new money will be used for growth: Both expanding the team and expanding the service’s reach in the market, we’re told.
But why now? After all, Boxee raised… → Read More
What are venture capitalists looking for? If you are a startup entrepreneur looking for funding, it’s always a good idea to know what investment themes a VC is interested and tailor your pitch to those themes. Yesterday morning, I saw presentations from three venture firms—Union Square Ventures, DFJ Gotham Ventures, and First Round Capital—at an event hosted by the Media Kitchen. Each of… → Read More