In a blog post, Union Square Ventures‘ Brad Burnham just announced that the firm has invested in DuckDuckGo, a startup building a nifty search engine with less clutter and more privacy.
Scott Banister, Jim Young, Jeff Miller, Joshua Schachter, Kal Vepuri, Joshua Stylman and Peter Hershberg also invested in the round, writes founder and CEO Gabriel Weinberg. → Read More
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
In Silicon Valley it’s not just who you invest in that matters– it’s also when you invest in them. The earlier the investment, the riskier the bet. But the more jawdropping the returns if the company hits it big. It’s so lopsided, that typically just 5% of those unsure early bets create some 95% of the entire venture industry’s returns. Miss one of them, and it haunts you for years. Snag it, and… → 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.
The financing round, Tumblr’s third, was first reported by MediaMemo and comes at a time when the three-year-old startup is starting to push a bunch of… → Read More
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.
As expected, Union Square Ventures is one of the investors, but also participating in the round is O’Reilly AlphaTech Ventures, and some angel investors, that… → Read More
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
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