Mark Boslet
FireEye Inc. said it filed with the Securities and Exchange Commission to go public, though it has not disclosed the number of shares it will sell or their anticipated price range. The company is backed by Sequoia Capital, Norwest Venture Partners, DAG Ventures, JAFCO Technology Partners and SVB Financial Group.
Andreessen Horowitz said Wednesday that John O'Farrell has stepped away from his investing role at the firm.
If you remain doubtful that cloud computing software investments can pay off, just look at the numbers. Thirty of the largest publicly traded cloud software companies now have a combined market cap of more than $100 billion;
Private equity M&A activity in the information technology industry fell 15% in the first half of the year, according to a study from Berkery Noyes. Transactions totaled 234, compared with 198 in the second half of 2012. Deal volume by strategic acquirers, however, was largely flat.
Greylock Partners named Andrew Johns as a growth strategist in residence. Johns in his new role will work with portfolio companies to build "durable user growth and engagement," according to a blog post. His role will be to assist companies in establishing metrics, dashboards, new features and tests of engagement.
An early look at private equity fundraising in the second quarter suggests an improving market for raising new money, including an apparent uptick in prospects for new venture capital funds.
There's no question bringing outsized returns to your limited partners will endear you to your investors. But what about emphasizing firm management, or staking out a differentiated advantage that will stand the test of time?
Top Tier Capital Partners is closing in on its $400 million target for a new fund of funds to invest in venture capital. The San Francisco firm has raised $310 million for Top Tier Venture Capital VI, according to a pair of filings on Wednesday with the Securities and Exchange Commission.
So far, 2013 has been a relatively welcoming environment for venture-funded startups. Twenty-five initial public offerings have been completed, according to data from peHUB publisher Thomson Reuters, and 17 of them, 68%, are trading above their offering price.
Millennium Technology Value Partners says it has had four portfolio company exits in the first half of 2013. included is the sale of Epocrates to athenahealth; the acquisition of NetSpend by TSYS; the recapitalization of Datapipe; and the acquisition of Tumblr by Yahoo, which is pending. The firm also has six companies in registration.