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.
On May 26, 2009 Mike sat down with Yuri Milner, Mark Zuckerberg and a Flipcam to talk about the then-scandalous $200 million investment DST made in Facebook, at a price that valued the company at about… → Read More
A couple of weeks ago, we broke the news that the fund, which is managed by SV Angel partner David Lee, made a gutsy blanket investment offer to every single one of the 40 or so Y Combinator startups in the most recent batch. → Read More
Earlier tonight, Mike posted a bombshell that must have made super angels shudder. Not content with the grenade he threw into the late-stage investing world with aggressive investments in Facebook, Groupon and Zynga, tonight Yuri Milner announced a new partnership with Ron Conway that offers similar you’d-be-crazy-not-to-take-this-deal terms for every Y Combinator company.
But you know who might… → Read More
Last night at the Crunchies, Yuri Milner of Digital Sky Technologies won the VC of the Year award (Fred Wilson of Union Square Ventures was a close runner-up). Milner has almost single-handedly created a new class of mezzanine venture capital, allowing companies like Facebook, Groupon, and Zynga to postpone IPOs while still getting a ton of liquidity and huge valuations.
Before he could leave… → Read More