Alert: 37signals is now a $100 billion dollar company, according to a group of investors who have agreed to purchase 0.000000001% of the company in exchange for $1. Founder Jason Fried informed his employees about the new deal at a recent company-wide meeting. The financing round was led by Yardstick Capital and Institutionalized Venture Partners. In order to [...]
Continue reading...Tuesday, January 6, 2009
It’s no secret that in the past few years, very few partners in venture capital firms have seen a “carry check” in years. What are they living on? Management fees, of course. That state of affairs could have gone on much longer but for the recent financial crisis. It is much harder for VCs to [...]
Continue reading...Tuesday, September 18, 2007
The Silicon Valley Business Journal reports: “Investors directed at least $464.2 million into 101 Web 2.0 deals worldwide in the first half of the year, according to a report released Monday . . . Overall, the number of global Web 2.0 deals climbed 14 percent in the first half, the report said — but [...]
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Thursday, September 24, 2009
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