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We received so much positive feedback from our This Week in VentureCapital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about. In fact, far better if you haven’t raised venturecapital.
And I know that great startups like Yammer are doing well. Investors: Foundry (Ryan McIntyre) (lead), new angel investors: Scott Petry (Postini founder), Matt Mullenwag (WordPress), and existing investors: Highway 12 Ventures, TechStars (David Cohen), SoftTech VC (Jeff Clavier), FF Angel (Dave McClure). Enter Xobni.
In the case of the kid getting much (much) larger than its parent, Yammer , the one time spinout of Los Angeles-based genealogy and family tree website Geni , has now squarely out-raised venturecapital than its parent firm, saying Wednesday that it has raised an $85M funding round. in funding.
Our guest this week on #TWiVC was Dana Settle , partner at Greycroft Partners , a venturecapital firm with offices in New York and Los Angeles. Greycroft is an early-stage VC. Closing a VC fund in 2009/10 is a major achievement in and of itself. Yammer, Salesforce Chatter. File sharing? Enterprise collaboration?
Craig has recruited the co-creater of Zynga's Farmville game, Sizhao Yang, as well as George Ishii, who was co-founder of Geni.com and Yammer, as co-founders. BetterWorks said that it is focused on allowing business owners to "create rewarding work environments quickly, easily and affordably".
By now you probably know that David Sacks , co-founder of PayPal and founder of both Geni & Yammer made some observations on Facebook that Silicon Valley “as we know it” was coming to an end. I remember a discussion with an older VC who told me that in the early 90′s they wondered whether the VC industry had a future.
Discoverly disclosed a seed round of funding worth $750,000 which included Salesforce.com, Bessemer Venture partners, Atlas Venture , Great Oaks VentureCapital, as well as Jim Patterson (Yammer), MJ Elmore, Howard Lindzon (Stocktwits), and Alchemist Accelerator.
The firm, which provides virtual currency handling for Android game makers, is the startup of Ari Mir, who formerly co-founded GumGum, and Amos Elliston, who served as CTO at Geni and SVP of Engineering at Yammer. and Kamran Pourzanjani, who founded Pricegrabber.
-The Scott Sanfilippo Interview Media Optimization Firms Are Red Hot In Southern California in 2009 Proliferate - Aggregate - Integrate Startups Uncensored #4 - “Finding and Working with Partners” SoCal VC’s absent from Forbes Midas List Top Five Best Uses of an Entrepreneur's Legal Dollars What Data Crunchers Did for Obama An Evaluation of Web Strategy (..)
Jackson, and backed by such investors as Peter Thiel, David Sacks (Yammer), Joe Lonsdale (Palantir Technologies), and Dave McClure (500 Startups), as well as Hercules Technology Growth Fund, 7th Rig, and Wasabi Ventures. CapLinked is headed by Eric M. READ MORE>>.
RedBeacon was the 3rd winner (year 1: Yammer, year 2: Mint.com) – not bad company. And I certainly didn’t want him having to trapse up-and-down Sand Hill Road informing every VC of his next idea. The company was called Red Beacon. I acted as the occasional mentor, advisor and coach to Ethan. Nice sweep!
He got this VC talking so effusively about his entrepreneurial instincts that my wife accused me of having a “man crush.” (I don’t) I think this guy has the chance to be the Digital Puffy if he can amass a team to help young artists own & manage their digital careers.
We've had a class of people who have gone on to start fantastic companies, such as LinkedIn, YouTube, Yelp, and Yammer. Tags: management investment investor saas software venturecapital entrepreneur interview paypal caplinked jackson eric. they are some truly remarkable people, creating remarkable companies. READ MORE>>.
The firm's other investors include Peter Thiel (co-founder of PayPal), David Sacks (CEO of Yammer), Joe Lonsdale (co-founder of Palantir Technologies), Stephan Paternot (co-founder of TheGlobe.com), David Anderson (managing partner of 7th Rig), 500 Startups, and Wasabi Ventures.
Santa Monica-based Crew32 , a stealth startup founded by Docstoc founder Jason Nazar, Betterworks, Geni, and Yammer co-founder George Ishii, and InvestedIn and MySpace co-founder Yadid Ramot, has raised $5.2M, as part of an ongoing $6.0M funding round, according to a regulatory filing by the firm on Thursday.
The funding round was led by Crosslink Capital and also included Upfront Ventures, Lowercase Capital, Alpha Edison, Crosscut Ventures, Ludlow Ventures, Cornerstone OnDemand, 500Startups, Pritzker Group, Rincon Venture Partners, Accelerator Ventures, BAM Ventures and David Sacks.
The trailblazer in the category of course was Twitter and David Sacks quickly spotted the use case for enterprise and launched Yammer, which was purchased by Microsoft for more than $1 billion. And of course we welcome Microsoft Ventures. We believe that chat-based communications will be another i/o for all enterprise applications.
I don’t think most VC’s do. But in most situations a VC will want to be able to judge how you perform over time. It’s what prompted my post on how to build relationships with VCs. Geni.com beget Yammer. I’m sure that happens. I could go on and on. Great entrepreneurs pivot.
If you’re Yammer , Mint or RedBeacon (all winners) you’re knighted with wonderful coverage. Use the fact that you were on an anointed list to build credibility when you eventually approach journalists (and VC’s, customers, employees). Many other great companies are not. - They see journalists as a means to and end.
It’s no surprise that it has now become one of the most viewed networks of video programming in the world, achieving 500 million video views per month having only raised $3 million in venturecapital. Of course I could go on and on including businesses like AirBnB, DropBox, Box.net, Yammer and so on. All deflationary.
What results must you have in order to raise venturecapital or garner good press coverage that helps drive customer acquisition (and also more funding!)? Phenomenal tech talent including the co-founder of Farmville- Zao Yang – AND ALSO the lead product designer – George Ishii – for Yammer & Geni.
This week I was preparing for my weekly This Week in VentureCapital web show and was researching some of the deals that were announced for the week. One of the companies that just announced $10 million in funding was a company I had never heard of called Huddle.
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