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    Monday, May 21, 2012
    Felicis Ventures Raises $52M Fund
    Felicis Ventures, the angel investment fund of Aydin Senkut, has raised a third fund, Felicis Ventures III, L.P., according to a recent regulatory filing by the firm. The filing says that the funds came from eight investors. Felicis has a wide range of seed and angel stage investments. One of the firm's most recent investments, Karma, was acquired by Facebook on Friday. Felicis is based in Palo Alto.

    posted on Monday, May 21, 2012(Full story)

    YouTube Now Seven Years Old
    YouTube, the online video sharing site which is now part of Google, just hit seven years old on Sunday, the site announced to its users over the weekend. The video site--first launch in May of 2005--said it now is seeing over 72 hours of video uploaded to the site every minute. Google acquired YouTube in October of 2006, just over a year after its launch, (More info...)

    posted on Monday, May 21, 2012(Full story)

    Moritz Steps Back At Sequoia Due To Incurable Disease
    Mike Moritz, the venture capitalist who backed Google, Yahoo, PayPal, and countless other successful firms, told his contacts over the weekend that he is stepping back from the firm, due to being diagnosed with what he described as a "rare medical condition" which "can be managed but is incurable." Moritz said that he will become Chairman of Sequoia Capital, but will step back from daily management of the venture capital firm.

    posted on Monday, May 21, 2012(Full story)

    AnchorFree Raises $52M
    Mountain View-based AnchorFree, a developer of Wi-fi privacy software which helps users protect the privacy of their web browsing transactions when using public Wi-Fi access points, has raised $52M in funding round. The round was led by Goldman Sachs. The new funding brings its total raised to $63M.

    posted on Monday, May 21, 2012 (More)(Full story)

    CrunchFund Buys Tumblr Stake
    CrunchFund, the venture capital fund run by former TechCrunch founder Michael Arrington, has acquired a stake in New York microblogging site Tumblr. Size of the stake, which apparently was acquired from early stage investors, was not disclosed. The deal was first unveiled at TechCrunch Disrupt by former journalist-turned-VC MG Siegler.

    posted on Monday, May 21, 2012(Full story)

    Yahoo Sells Alibaba Stake
    Sunnyvale-based Yahoo said over the weekend that it is selling its stake in Alibaba, a deal expected to provide the firm with approximately $7.1 billion. The deal is made up of $6.3 billion in cash, plus up to $800M in Alibaba preferred stock. The shares represent up to one-half of its stake in Alibaba, or approximately 20 percent of Alibaba's fully diluted shares. Yahoo said it intends to return "substantially all" of the proceeds to its sharehol (More info...)

    posted on Monday, May 21, 2012(Full story)

    Free Webcast From TriNet - May 24th
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