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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Wait, didn’t you just raise a fund? Was it hard to raise the fund?

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

Today, a startup that is doing this in the specific area of distressed property is announcing a round of growth funding to ramp up its team and expand its business. The funding is being led by QED Investors; Founders Fund, Susa Ventures, Navitas Capital, and Prudence Holdings also participated. million Series A also led by QED.

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Green Dot Files For IPO

socalTECH

Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reported net income of $37.16M on revenues of $234.8M Morgan, Morgan Stanley, Piper Jaffray, and UBS Investment Bank. Green Dot is headed by Steven Streit.

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Walmart Gets Stake In Green Dot

socalTECH

Green Dot also updated its quarterly numbers, saying that it had net income of $12.8M in net income it earned on $60.7M in operating revenues for the similar 2009 quarter. Green Dot is backed by Sequoia Capital, TTP Fund, and a significant number of the Tech Coast Angels. on operating revenues of $92.8M

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Demand Media Files For IPO

socalTECH

According to Demand's IPO filing, the firm had a net loss of $6.00M on revenues of $114.0M For the year ended December 31, 2009, the firm had a net loss of $21.9M The filing indicates that the total venture capital funding by Demand Media now totals $373.75M, across four rounds of funding. on revenues of $198.45M.

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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

My view: “Spending any time or energy trying to game the ‘definition’ of your round of fund raising is a total waste. There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.).