Venture Capital
NRG Energy to offer $750M in senior notes (AP)
NRG Energy Inc. said Tuesday it will offer $750 million in senior notes due in 2020. The Princeton, N.J., power company said it will use proceeds for working capital and to help fund recently announced acquisitions.
Categories: Venture Capital
Start-Up Aims to Slay Chip Goliath (at New York Times)
A start-up wants to modify low-power smartphone chips to run servers, the computers in corporate data centers. If successful, it would undermine Intel’s server-chip juggernaut.
Categories: Venture Capital
A Chip Start-Up Aims to Slay Intel (at New York Times)
Smooth-Stone, a semiconductor start-up, has pulled in $48 million from an international group of investors in a bid to disrupt one of Intel s most lucrative franchises: server chips.
Categories: Venture Capital
[$$] Chip Start-Up Raises Funds (at The Wall Street Journal)
Unusual Chip Start-Up Raises Funds Smooth-Stone, a start-up with an unusual plan to target the market for chips used in server systems, said it had raised $48 million from a combination of larger chip companies and investors.
Categories: Venture Capital
Super Angels Alight (at The Wall Street Journal)
Deals Super Angels Fly In to Aid Start-Ups A growing breed of start-up investors dubbed super angels is rapidly raising new money—and ratcheting up competition with established venture capitalists.
Categories: Venture Capital
Spotify SVP Brown Leaving For New Startup This Week (paidContent.org)
Spotify’s partnerships SVP Paul Brown is leaving after 18 months with the music startup, saying his exit’s on good terms.
Categories: Venture Capital
Credit Suisse China JV launches largest bond fund (Reuters)
ICBC Credit Suisse Asset Management Co, the Chinese fund venture of Swiss bank Credit Suisse , said on Friday it raised more than 14 billion yuan in China s biggest bond fund ever, as investors sidestep a weak stock market.
Categories: Venture Capital
Hedge Fund Investment Gets July Boost (at New York Times)
Hedge funds stabilized somewhat in July as investors poured more money into the sector amid rebounding stock markets, The Wall Street Journal reported citing estimates published by HedgeFund.net.
Categories: Venture Capital
Sequoia Backs Airstrip Technologies (at New York Times)
Airstrip Technologies has closed an undisclosed round of financing from venture firm Sequoia Capital.
Categories: Venture Capital
Start-up to access Twitter firehose (at Financial Times)
TweetMeme, a tiny start-up based in Reading, Berkshire, has struck a unique deal with Twitter, giving it instant access to all of the 140-character messages published on the site.
Categories: Venture Capital
Minnesota Local News Startup BringMeTheNews Raises $1 Million (paidContent.org)
BringMeTheNews, a local news startup based in Minneapolis, has raised $1 million in funding from business information firm The Dolan Company and Twin Cities’ PR firm Padilla Speer Beardsley.
Categories: Venture Capital
Deutsche and Craigs Form Strategic Alliance (at New York Times)
New Zealand s Craigs Investment Partners and Deutsche Bank have completed a strategic alliance giving the latter a 49.9 percent equity interest in the wealth and investment firm. The remaining 50.1 percent stays with existing Craigs Investment Partners shareholders, Deutsche Bank said in a statement.
Categories: Venture Capital
Portfolios Improve, but Funding Pipeline Runs Low (at New York Times)
A survey of the venture capital industry released Wednesday shows that the valuation of startup companies funded by V.C. firms improved in the second quarter over the first, but the amount of money raised by V.C. firms to fund those companies declined in the same period.
Categories: Venture Capital
After Drought, Hope for Shows Made for Web (at New York Times)
Money is trickling back into the professional Internet video industry, helped by branded entertainment deals and venture capital firms.
Categories: Venture Capital
3rd recapitalization grant for Anglo-Irish (AP)
The European Commission allowed Ireland on Tuesday to temporarily grant euro10 billion to Anglo Irish Bank -- the third such emergency recapitalization -- saying the funding was needed to preserve the country s financial stability.
Categories: Venture Capital
Skype Spent $343.8 Million To Acquire Its P2P Software From Founders (Silicon Alley Insider)
Skype also committed $10 million to Atomico, a venture capital fund founded by Skype s founders, and invested $6 million in their new startup, Rdio.
Categories: Venture Capital
[$$] Cool Store, Hot Products (at Barron s Online)
Best Buy has been partnering with the likes of venture-capital firms to help develop compelling new gadgets.
Categories: Venture Capital
Start-up unknown as Enbridge cuts out oil pipe (at Reuters)
* Damaged pipeline section cut out for analysis * Replacement piece could be in place this weekend * Line will run at reduced rate on start-up
Categories: Venture Capital
Local-Services Startup Redbeacon Raises $7.4 Million (at New York Times)
Redbeacon, the service listings startup that won the top prize at the TechCrunch50 conference last fall, just raised $7.4 million in its first round of funding, VentureBeat reported.
Categories: Venture Capital
Venture Capital s Next Generation (at New York Times)
Lawrence Aragon, editor-in-chief of Thomson Reuters publication The Venture Capital Journal, has compiled a list of 10 young venture capitalists who, he says, are poised to do great things.
Categories: Venture Capital