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	<title>Red Herring&#187; Startups</title>
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	<link>http://www.redherring.com</link>
	<description>THE BUSINESS OF TECHNOLOGY</description>
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		<title>Eventbrite Raises $60M, Puts Off IPO</title>
		<link>http://www.redherring.com/finance/eventbrite-raises-60m-puts-off-ipo/</link>
		<comments>http://www.redherring.com/finance/eventbrite-raises-60m-puts-off-ipo/#comments</comments>
		<pubDate>Tue, 23 Apr 2013 23:04:01 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2758</guid>
		<description><![CDATA[Those waiting for Eventbrite to go public will have to be patient. The online ticketing company recently raised $60 million to buy it more time. The round was led by Tiger Global Management, and included a new investment partner, T. Rowe Price. It brings Eventbrite’s total investment to $140 million. &#8220;We believe Eventbrite has a [...]]]></description>
				<content:encoded><![CDATA[<p dir="ltr">Those waiting for Eventbrite to go public will have to be patient. The online ticketing company recently <a href="http://www.marketwire.com/press-release/eventbrite-announces-60-million-in-growth-capital-financing-1781222.htm">raised $60 million </a>to buy it more time.</p>
<p>The round was led by Tiger Global Management, and included a new investment partner, T. Rowe Price. It brings Eventbrite’s total investment to $140 million.</p>
<p>&#8220;We believe Eventbrite has a strong underlying financial model that will continue to scale, and its valuation will be well supported by traditional financial metrics in the future,” said Henry Ellenbogen, Portfolio Manager at T. Rowe Price Associates, Inc. “When we look at private companies, we look for companies that possess the capabilities and mindset to build a much larger and durable company. We believe that the Eventbrite team has the track record and skills to achieve that status.&#8221;</p>
<p>The funding will be used to further innovate the company’s platform, accelerate international growth, evolve its mobile capabilities, and hire personnel.</p>
<p>Though the company has long been eying an IPO, this latest investment means it can take its time.</p>
<p dir="ltr">&#8220;This gives us flexibility in setting the timeline for a later IPO, on our schedule,&#8221; co-founder and CEO Kevin Hartz <a href="http://online.wsj.com/article/SB10001424127887323551004578436851078712808.html?mod=googlenews_wsj">told the Wall St. Journal</a>.  &#8221;An IPO is an inevitability, but the timing is (to be determined).”</p>
<p>People close to the deal said the company’s valuation was about $600 million to $700 million.</p>
<p dir="ltr">The talk of an IPO was more than just a rumor. Hartz<a href="http://thenextweb.com/insider/2013/04/22/eventbrite-raises-60m-more-putting-off-an-ipo-right-after-hitting-1-5b-in-gross-ticket-sales/"> told the Next Web</a> in June that its next capital raising would be an IPO rather than another funding round. The company apparently changed its mind.</p>
<p>Eventbrite competes head to head with Ticketmaster, which is actually Live Nation Entertainment following its merger with Live Nation in 2010. Eventbrite has sold more than 100 million tickets and registrations, or more than $1.5 billion in gross ticket sales since its 2006 founding. A third of those sales have happened in the last nine months.</p>
<p>&#8220;Live experiences are the new luxury good &#8212; from large festivals and concerts to conferences and political rallies, people are increasingly looking to share live experiences with people of similar interests and passions,” said Kevin Hartz, CEO of Eventbrite. “We&#8217;re pleased to be able to work with existing as well as new investors who truly understand the opportunities that these kind of occasions represent, as well as the power of the platform we have built to make them happen.”</p>
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		<title>Samwer Brothers Launch Global Founders Capital with €150M Fund</title>
		<link>http://www.redherring.com/startups/samwer-brothers-launch-global-founders-capital-with-e150m-fund/</link>
		<comments>http://www.redherring.com/startups/samwer-brothers-launch-global-founders-capital-with-e150m-fund/#comments</comments>
		<pubDate>Fri, 05 Apr 2013 00:53:09 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Global]]></category>
		<category><![CDATA[Staff Picks]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2698</guid>
		<description><![CDATA[The Samwer brothers, the infamous siblings behind Berlin&#8217;s Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero, a global online food delivery platform, to launch a new fund to be headquartered in Munich, Germany. Global Founders Capital will include three [...]]]></description>
				<content:encoded><![CDATA[<p dir="ltr">The Samwer brothers, the infamous siblings behind Berlin&#8217;s Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero, a global online food delivery platform, to launch a new fund to be headquartered in Munich, Germany.</p>
<p>Global Founders Capital will include three partners, including Siegel, Oliver and Marc Samwer, with a €150 million ($194 million) fund provided by unnamed tech entrepreneurs. It will operate separate from Rocket Internet, and will be location agnostic, but given the Samwer brothers name and its European base, it can be assumed that some regions will be given more focus, especially those where funding is scarce. With deals at €100,000 to €10 million, the new fund will focus on anything from seed to late stage that has the potential to lead one or several markets. It is said the fund will be similar to the European Founders Fund, previously launched by the Samwer brothers.</p>
<p>“I was fortunate throughout the last 15 years building Internet businesses. I believe the Internet is providing a once in a lifetime opportunity to entrepreneurs around the world,” Oliver Samwer said in a statement. “With Global Founders Capital we want to support these entrepreneurs with operational know-how, our network and the required funding to scale their businesses.”</p>
<p>Rather than providing follow-up funding or growth capital for Rocket Internet startups, this fund will focus on projects Rocket can’t do.</p>
<p>Though the fund has yet to announce any investments, the partners have already whittled down 800 leads to 130, with the expectation to do about 30 deals, <a href="http://blogs.wsj.com/tech-europe/2013/03/18/samwers-launch-e150-million-venture-fund/?KEYWORDS=samwer">the Wall St. Journal reported</a>. The first investments will be announced later this year.</p>
<p>Much of the selection will have a data focus.</p>
<p>“A lot of VCs don’t appear to have a system. I am going to do 30 deals, but what happens to the 770 deals I am not doing? I want to track them, I want to look at the data. What can we learn from that?” Siegel told the Wall St. Journal. “Maybe we can build something that is more like a machine, that we can understand what works and what doesn’t. Or maybe we will find that it is all gut feeling after all.”</p>
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		<title>Indochina Raises $13M for Custom Online Menswear Shop</title>
		<link>http://www.redherring.com/finance/indochina-raises-13m-for-custom-online-menswear-shop/</link>
		<comments>http://www.redherring.com/finance/indochina-raises-13m-for-custom-online-menswear-shop/#comments</comments>
		<pubDate>Fri, 05 Apr 2013 00:45:18 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2696</guid>
		<description><![CDATA[It costs money to look good, and Indochina just got a bundle, raising $13 million in a Series B round led by the Highland Consumer Fund with participation by existing investors Madrona Venture Group, Acton Capital Partners, and Jeff Mallett , Indochino Chairman and former president and COO of Yahoo!. Tom Stemberg of the Highland [...]]]></description>
				<content:encoded><![CDATA[<p dir="ltr">It costs money to look good, and Indochina just got a bundle, <a href="http://finance.yahoo.com/news/indochino-raises-13-million-series-113000147.html">raising $13 million</a> in a Series B round led by the Highland Consumer Fund with participation by existing investors Madrona Venture Group, Acton Capital Partners, and Jeff Mallett , Indochino Chairman and former president and COO of Yahoo!.</p>
<p>Tom Stemberg of the Highland Consumer Fund will join the company’s board. Stemberg is the founder of Staples and sits on the board of a broad set of retailers from lululemon athletica to PetSmart.</p>
<p>&#8220;Most men need all the help they can get when shopping for their own wardrobe,&#8221; says Tom Stemberg, Managing General Partner of Highland Consumer Fund. &#8220;By providing higher quality custom menswear at a lower cost, Indochino has revolutionized the direct-to-consumer business and become a global presence in custom menswear.&#8221;</p>
<p>Indochina is an online menswear shop that specializes in custom clothing. Shoppers choose from a selection of suits, shirts, outerwear and accessories, select a style for each with customizable options such as linings, trim, and monograms. Each measurement profile is customizable at every level. The suit is then assembled and delivered to the buyer’s home within 35 hours.</p>
<p>The company claims it can offer high quality clothing at a reasonable price by cutting out the middleman at the tailor shop while still providing a speedy service. The company will invest this latest round in building out its management team as well as its marketing and development departments.</p>
<p>&#8220;Over the past several years we have seen incredible growth in the world of online to offline fashion,&#8221; said Kyle Vucko, CEO and co-founder, Indochino. &#8220;Consumers are accustomed to the convenience of online shopping, but want something more personal.”</p>
<p>With this round of funding, the company announced the launch of a pop up “travelling tailor” store in Boston where shoppers can be measured in person.</p>
<p>The online mens shopping sector has gotten a good deal of investment heat lately. Online men’s clothing retailer Bonobos raised $16.4 million last year.</p>
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		<title>NewsCred Raises $15M as Middleman for 3rd Party Media Content</title>
		<link>http://www.redherring.com/finance/newscred-raises-15m-as-middleman-for-3rd-party-media-content/</link>
		<comments>http://www.redherring.com/finance/newscred-raises-15m-as-middleman-for-3rd-party-media-content/#comments</comments>
		<pubDate>Tue, 19 Mar 2013 23:29:08 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2637</guid>
		<description><![CDATA[NewsCred, a media company that serves as a middle man for third party media content, has raised $15 million and added the New York Times as a prestigious partner to give its model more validity. Founded in 2008, Newswire reinvents the newswire business model by offering media companies an easy way to syndicate premium content. [...]]]></description>
				<content:encoded><![CDATA[<p dir="ltr">NewsCred, a media company that serves as a middle man for third party media content, has <a href="http://www.businesswire.com/news/home/20130319005436/en/NewsCred-Closes-15-Million-Financing-Reinvent-Marketing">raised $15 million</a> and added the New York Times as a prestigious partner to give its model more validity.</p>
<p dir="ltr">Founded in 2008, Newswire reinvents the newswire business model by offering media companies an easy way to syndicate premium content. Rather than offering its own content, the company acts as the middleman, working with media companies as well as brands to simplify licensing and payment arrangements. It syndicates content from more than 2,500 publishers.  The company’s media clients include The Economist, Bloomberg, Gizmodo, VentureBeat, and TheNextWeb, while brands include Pepsi, GE, The Hartford, and Johnson &amp; Johnson.</p>
<p>The company will focus this latest round in continuing to grow its newswire service.</p>
<p>The $15 million was led by the Mayfield Fund, with participation by new investor Greycroft Partners and existing investors FirstMark Capital and IA Ventures. It brings the company’s total funding to just under $20 million, including $700,000 in seed money and $4 million in Series A.</p>
<p>“As the leading content marketing and syndication platform, NewsCred is enabling its clients to drive exponential growth in traffic from social referrals, triple digit percentage increase in unique visitors and double digit percentage growth in email open rates,” said Rajeev Batra, Partner, Mayfield Fund. “Marketing is being disrupted by software, Big Data and the need for high quality content, which we have witnessed firsthand given our involvement with several leading marketing software companies. For marketers, content is the currency for establishing authentic relationships with their consumers.”</p>
<p>The profitable company has seen revenue increase 11-fold, with a 570 percent increase in new customers.</p>
<p>The company began in 2008 as a way to offer publishers supplemental content, but began publishing content on the websites  of brands due to high demand. It does not offer advertised content, but rather non-branded content to help supplement the advertising. The addition of the New York Times helps add legitimacy to its pioneering model.</p>
<p>“We have a huge market opportunity in front of us,” Shafqat Islam, NewsCred’s CEO, explained in a <a href="http://blog.newscred.com/article/2f44ea6285c5a8c329e478bcd8731ef0/newscred-closes-15-million-financing-round-to-reinvent-marketing-through-quality-content">blog post</a>. “We will execute with speed and discipline, run faster than the fastest competitor, and reward and celebrate the incredible people who help us achieve our goals. But through it all, we remain steadfastly committed to helping the news industry not just survive, but to thrive. And that is certainly worth fighting for.”</p>
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		<title>Endgame Raises $23M to Take Security Solutions Beyond Government’s Door</title>
		<link>http://www.redherring.com/finance/endgame-raises-23m-to-take-security-solutions-beyond-governments-door/</link>
		<comments>http://www.redherring.com/finance/endgame-raises-23m-to-take-security-solutions-beyond-governments-door/#comments</comments>
		<pubDate>Thu, 14 Mar 2013 00:55:37 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2615</guid>
		<description><![CDATA[Cybercrime is making big money, and not just for the criminals. The rise of cyberattacks has led to a big market for solutions to fight it. This week, Endgame, a next generation protector against cybercrime, has raised $23 million in a round led by Paladin Capital, the private equity firm. Existing investors Bessemer Venture Partners, [...]]]></description>
				<content:encoded><![CDATA[<p>Cybercrime is making big money, and not just for the criminals. The rise of cyberattacks has led to a big market for solutions to fight it. This week, Endgame, a next generation protector against cybercrime, <a href="http://www.pehub.com/190839/endgame-closes-23m-cyber-security/">has raised $23 million</a> in a round led by Paladin Capital, the private equity firm. Existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield &amp; Byers and TechOperators also participated.</p>
<p>Endgame has traditionally developed tools to fight cybercrime for government customers. The company will use this latest funding to help it expand into other markets, particularly in the private sector.</p>
<p>“The cyber needs of federal and commercial entities are converging as states look beyond targeting other states to target private companies, and national security thinking must increasingly account for private infrastructure,” said Nate Fick, CEO of Endgame. “I’m excited about leveraging the solutions and technology that our mission partners depend on to help businesses with comprehensive command and control of their network operations.”</p>
<p>Founded in 2008, Endgame enables real time command and control capabilities through analytics, visualization and knowledge discovery to enhance security perimeters.</p>
<p>In addition to its investment, Endgame also gains some noteworthy talent on its board. Lt. Gen. (Ret) Kenneth A. Minihan, former director of the U.S. National Security Agency, will join Endgame’s board, as he currently works with Paladin’s managing director.</p>
<p>“The cyber domain will be increasingly important across all dimensions of national power – military, economic, and informational,” said Lt. General Minihan. “Endgame’s revolutionary technology allows its customers to use intelligence seamlessly to gain situational awareness and support their end-to-end network operations.”</p>
<p>Endgame has been on a talent acquiring role in the last several months. Fick joined as CEO last year.The company’s recently hired CTO, Matt Georgy, previously served as a computer security officer with the Department of Defense and the Air Force. The chairman of its board is Christopher Darby, the CEO of In-Q-Tel, the venture capital firm of the CIA.</p>
<p>In addition to a $29 million round in 2010, the company’s total funding is now $52 million.<b id="internal-source-marker_0.5707936014514416"><br />
</b></p>
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		<title>Middle East Daily Deals Site Cobone Acquired by Tiger Global Management</title>
		<link>http://www.redherring.com/finance/middle-east-daily-deals-site-cobone-acquired-by-tiger-global-management/</link>
		<comments>http://www.redherring.com/finance/middle-east-daily-deals-site-cobone-acquired-by-tiger-global-management/#comments</comments>
		<pubDate>Tue, 12 Mar 2013 19:48:56 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2606</guid>
		<description><![CDATA[Cobone, one of the biggest daily deals companies in the Middle East with over 2 million subscribers, has been acquired by Tiger Global Management, a New York investment firm whose early stage investment sheet includes Facebook, Zynga and LinkedIn. The deal buys out the stakes of management and Jabbar Internet Group, and leaves Cobone with [...]]]></description>
				<content:encoded><![CDATA[<p>Cobone, one of the biggest daily deals companies in the Middle East with over 2 million subscribers, <a href="http://www.prnewswire.co.uk/news-releases/leading-middle-eastern-daily-deal-site-cobonecom-acquired-by-tiger-global-management-196754431.html">has been acquired </a>by Tiger Global Management, a New York investment firm whose early stage investment sheet includes Facebook, Zynga and LinkedIn. The deal buys out the stakes of management and Jabbar Internet Group, and leaves Cobone with additional capital for further expansion in the region.</p>
<p>&#8220;This deal represents the international recognition of a highly successful local business,” stated Samih Toukan, Chairman of Jabbar Internet Group. “With Paul Kenny, we created a company that led the way in regional group buying, and took on global players on our own turf. While this deal represents a successful exit for the Jabbar Group, we have little doubt in Cobone&#8217;s commitment to the region and in Paul&#8217;s determination to continue excelling and leading his brainchild to new successes.&#8221;</p>
<p>Though the price of the deal was undisclosed, <a href="http://www.zawya.com/story/New_Yorkbased_Tiger_Global_buys_Dubai_deals_website_Cobonecom__source-ZW20130310000004/">Zawya pegged the price </a>between $20 million to $40 million, citing sources close to the deal. The deal was a mix of cash and equity stakes for the management, and retains founder of CEO Paul Kenny, head of strategy and sales Pieter Sleeboom, and marketing head Warwick Godfrey.</p>
<p>&#8220;This deal represents a very exciting future for Cobone as it reaffirms its commitment to the Middle Eastern market and e-commerce industry,&#8221; Kenny said. &#8220;Tiger Global gives us the international clout and the financial resources to expand regionally and surpass already high customer expectations.”</p>
<p>Like other daily deals sites like Groupon and LivingSocial, the company’s revenue is overshadowed by its expenses. The company posted an overall loss despite earning $32 million. It plans to restructure its operations to hopefully profit this year. Founded in 2010, the company has grown to become the largest daily deals site in the Middle East with operations in operations in the United Arab Emirates and Saudi Arabia.</p>
<p>It has maintained its position from LivingSocial, which forayed into the Middle East through its purchase of GoNabit in June of 2011, and then shut down operations in the region a year later.<br />
Ecommerce has been slow to catch on in the Middle East. When Cobone first launched in 2010, the majority of its shoppers simply ordered on the site and paid cash on delivery due to the lack of a cohesive payments option in the region.<b id="internal-source-marker_0.9664843599312007"><br />
</b></p>
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		<title>Real Estate Site Trulia Look to Raise $150M for Acquisition Aspirations</title>
		<link>http://www.redherring.com/finance/real-estate-site-trulia-look-to-raise-150m-for-acquisition-aspirations/</link>
		<comments>http://www.redherring.com/finance/real-estate-site-trulia-look-to-raise-150m-for-acquisition-aspirations/#comments</comments>
		<pubDate>Tue, 12 Mar 2013 18:20:16 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2604</guid>
		<description><![CDATA[Trulia, the real estate listings site that went public last year, is looking to raise about $150 million through selling previously locked up shares. The company will use the funding to purchase acquisitions. In an SEC filing, the company indicated it would offer about 5.25 million shares in a primary and secondary offering. About 1.75 [...]]]></description>
				<content:encoded><![CDATA[<p>Trulia, the real estate listings site that went public last year, is<a href="http://www.businesswire.com/news/home/20130311005692/en/Trulia-Announces-Launch-Proposed-Follow-On-Offering-Common"> looking to raise</a> about $150 million through selling previously locked up shares. The company will use the funding to purchase acquisitions.</p>
<p>In an <a href="http://www.sec.gov/Archives/edgar/data/1349454/000119312513099631/d493065ds1a.htm">SEC filing</a>, the company indicated it would offer about 5.25 million shares in a primary and secondary offering. About 1.75 million of those will come from stockholders, while 3.5 million will come from inside Trulia. The latest reporting price on the company was $30.44 per share on the New York Stock Exchange. The sale could raise as much as $164 million.</p>
<p>The company has been saving its piggy bank. It hasn’t made an acquisition since its purchase of Movity in 2010, biding its time for the right sale. Its team has spent the last year or so evaluating startups but has chosen to build their own solutions rather than acquire technology off the shelf.</p>
<p>Trulia powers the search for a home with a system that makes it easy to search and track properties. The company provides easy to find relevant data about crime. It has more than 5 million homes listed on the site. It recently added a “suggests” feature that works similar to Netflix in suggesting recommendations based on viewing history and personal preferences.<br />
About two thirds of the money raised will go to the company’s cash reserves.</p>
<p>Though the company has been successful in connecting with an online audience, the company still reported a $1.59 million net loss, though down from the loss of $2.5 million the year before.<b id="internal-source-marker_0.858156316448003"><br />
</b></p>
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		<title>Pinterest Raises $200M at $2.5B Valuation, Buys Time to Monetize</title>
		<link>http://www.redherring.com/finance/pinterest-raises-200m-at-2-5b-valuation-buys-time-to-monetize/</link>
		<comments>http://www.redherring.com/finance/pinterest-raises-200m-at-2-5b-valuation-buys-time-to-monetize/#comments</comments>
		<pubDate>Fri, 22 Feb 2013 01:55:50 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Startups]]></category>
		<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2535</guid>
		<description><![CDATA[Pinterest has raised a $200 million round that values the company at $2.5 billion. The cash essentially buys the social sharing site more time to figure out how to actually make money to justify that valuation. The round included participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, along with new investor [...]]]></description>
				<content:encoded><![CDATA[<p>Pinterest has raised a $200 million round that values the company at $2.5 billion. The cash essentially buys the social sharing site more time to figure out how to actually make money to justify that valuation.</p>
<p>The round included participation from existing investors Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, along with new investor Valiant Capital Management LP.</p>
<p>“Our focus is on helping millions of people discover things they love and get inspiration to go do those things in their life,” CEO Ben Silbermann said in a statement provided to <a href="http://allthingsd.com/20130220/exclusive-pinterest-complete-200-million-funding-at-2-5-billion-valuation/">All Things D</a>, which first confirmed the funding. “This investment gives us more resources to help realize that vision.”</p>
<p>Launched in 2010, Pinterest practically came out of nowhere to become a widely used social media tool. It now has over 50 million unique monthly users around the globe, and has earned a place as one of the top three social networks in North America, alongside Twitter and Facebook. Its users “pin” photos and videos to a virtual peg board, creating a collage of their interests. Users can then follow each other according to personal interests.</p>
<p>The company’s last round of funding was $100 million in May of 2012. In total, it has now raised $340 million.</p>
<p>That’s a considerable amount of cash for a free service that has yet to form a monetization plan. Yet Pinterest clearly offers value that interests brands. An article in the <a href="http://online.wsj.com/article/SB10001424127887324900204578286274194291126.html">Wall St. Journal </a>earlier this month noted that Pinterest features a longer sharing lifecycle for its social content. Whereas content shared on Twitter and Facebook enjoy quality interaction, it’s a fast shelf life that quickly stales. Material shared on Pinterest, on the other hand, “can resurface months later when people continue to discover it,” the article noted, citing Hearst Digital Media that had 3 to 5 percent of its traffic come from Pinterest, compared to 1.5 percent each for Facebook and Twitter.</p>
<p>“The longevity of content [on Pinterest] is very valuable to us,” Brian Madden. executive director of social media for Hearst Corp.’s Hearst Digital Media told the Wall St. Journal.</p>
<p>Pinterest has reportedly been considering advertising, as well as a way to monetize its relationships with businesses. The company introduced business accounts last year that enable users to measure the attention their products are getting on the site.</p>
<p>Based in San Francisco, Pinterest employs 100 people.<b id="internal-source-marker_0.6312906192615628"><br />
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		<title>Israeli VCs Raise Less in 2012, yet Number of Funds Nearly 2X</title>
		<link>http://www.redherring.com/finance/israeli-vcs-raise-less-in-2012-yet-number-of-funds-nearly-2x/</link>
		<comments>http://www.redherring.com/finance/israeli-vcs-raise-less-in-2012-yet-number-of-funds-nearly-2x/#comments</comments>
		<pubDate>Sat, 16 Feb 2013 00:40:19 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Startups]]></category>

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		<description><![CDATA[2012 remains a mixed bag for the Israeli VC community. According to a recent IVC report, “Most Active Venture Capital Funds in Israel,” Israeli venture capital funds raised $607 million in 2012, a 30 percent drop from the previous year. Nevertheless, more than 90 venture capital funds made first investments in Israeli-related companies in 2012, [...]]]></description>
				<content:encoded><![CDATA[<p>2012 remains a mixed bag for the Israeli VC community. According to a<a href="http://www.ivc-online.com/Portals/0/RC/FundPRs/Amount_raised_by_VCs_PR_2012-Final.pdf"> recent IVC report</a>, “Most Active Venture Capital Funds in Israel,” Israeli venture capital funds raised $607 million in 2012, a 30 percent drop from the previous year. Nevertheless, more than 90 venture capital funds made first investments in Israeli-related companies in 2012, nearly double the 46 that made similar investments in 2011.</p>
<p>&#8220;VC funds are facing serious challenges today, not just in Israel but the world over,” said Koby Simana, IVC CEO. “The allocation for venture capital investments continues to decline among institutional investors. On top of that, Israeli VC funds are being challenged by fund raising competition from Asian VC funds – mainly from China and India. There&#8217;s room for optimism, however. While, on average, funds are raising less, the number of VC-backed companies is likely to rise over the next few years as more VC funds begin to raise capital.&#8221;</p>
<p>At 11 total first investments, Carmel led pack, up from three investments the previous year. With $608 million under management, the firm’s portfolio includes Facemoods, Ekoloko, and TradAir. Horizons Ventures ranked second with 10 first investments, with a portfolio that includes Everything.me, PlayMyTone, and Hola. Gemini and Genesis tied in third rank with seven first time investments each.</p>
<p>Nineteen Israeli and foreign VC capital funds made three or more first investments for the year. Another 52 fund made at least one new investment each.</p>
<p>In terms of amount of money raised, Sequoia V, Pitango VI and Magma III ranked among the three leading funds with a combined amount of $450 million, or 74 percent of the total raised by the Israeli VC community for 2012. With six microfunds raising a total of $83 million, or 14 percent of the total Israeli VC endeavor, micro VC funds proved to be significant. Four of the 12 VC funds that raised money last year were brand new, compared with eight new contributors the previous year.</p>
<p>&#8220;There is a major debate in the industry regarding the optimal fund size that will result in the highest returns to limited partners,” said Ofer Sela, a partner in KPMG Somekh Chaikin’s Technology group. “As a consequence, we are witnessing VCs reducing the size of their new follow-on funds in an attempt to maximize returns. Overall, during the last two years, the number of investment entities making investments in Israel has been on the rise, with most focused on the early stage. We believe that later stage funding will be available to the relevant portfolio companies either from corporate VCs or from foreign VCs operating in Israel.”</p>
<p>Israel’s VC activity can be traced over six cycles raising vintage years that began in 1992 and peaked in 2000 when more than $2.8 billion was raised, the report noted. Over the last eight years, Israeli VCs have experience a renewed surge of energy. The current cycle, its sixth, began in 2011. Counting the two previous cycles since 2004, Israeli VCs have raised $6.7 billion, 60 percent of the total $11.1 billion raised since 2000.</p>
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		<title>Startup Act 3.0: Show Me the Visa!</title>
		<link>http://www.redherring.com/startups/startup-act-3-0-show-me-the-visa/</link>
		<comments>http://www.redherring.com/startups/startup-act-3-0-show-me-the-visa/#comments</comments>
		<pubDate>Thu, 14 Feb 2013 23:59:17 +0000</pubDate>
		<dc:creator>Red Herring Editorial Team</dc:creator>
				<category><![CDATA[Global]]></category>
		<category><![CDATA[Staff Picks]]></category>
		<category><![CDATA[Startups]]></category>

		<guid isPermaLink="false">http://www.redherring.com/?p=2509</guid>
		<description><![CDATA[Third time’s a charm? A group of lawmakers led by Senator Jerry Moran (R-Kan.) have launched Startup Act 3.0, a bill that would make it possible for foreign entrepreneurs who employ at least five full time, non-family members to stay in the US for at least three years, as well as have a potential path [...]]]></description>
				<content:encoded><![CDATA[<p>Third time’s a charm? A group of lawmakers led by Senator Jerry Moran (R-Kan.) have launched Startup Act 3.0, a bill that would make it possible for foreign entrepreneurs who employ at least five full time, non-family members to stay in the US for at least three years, as well as have a potential path to permanent citizenship.</p>
<p>Before anybody gets too excited, it’s worth noting that the bill’s predecessors, Startup Acts 1.0 and 2.0, never made it past the Senate floor.</p>
<p>The bill would give an entrepreneurial visa to up to 75,000 foreign born entrepreneurs who have a H-1B or F-1 visa who invest or raise investments of at least $100,000 and start a business that employs at least two full-time employees not related to them. The entrepreneurs would then have three years to grow that staff to at least five, when they could then apply to remove a conditional status on their visa.</p>
<p>&#8220;Entrepreneurs who have an idea, who are wiling to invest money here, ought to be welcome here,&#8221; <a href="http://thehill.com/blogs/hillicon-valley/technology/282871-bipartisan-group-of-senators-to-re-introduce-bill-aimed-at-attracting-foreign-entrepreneurs-to-the-us">Moran told the Hill</a>. “Other countries are moving rapidly to attract and recruit the kind of individuals we need in this country and their entrepreneurial abilities.”</p>
<p>The act also includes a provision that would create visas to allow up to 50,000 foreign students with a master&#8217;s or P.hD. in math, science, engineering, math or tech disciplines (STEM) to stay in the U.S. on a &#8220;conditional status&#8221; if they remain engaged in a technical field for five years, after which they could become permanent legal residents with the option to become naturalized citizens.</p>
<p>While the bill’s first two efforts, including one spurred by Senator John Kerry, failed to see the light of day, the renewed push for immigration reform on the part of both parties following last November’s election gives the bill promise.</p>
<p>Venture capitalist and AOL founder Steve Case testified before Congress in support of the bill this week.</p>
<p>&#8220;Numerous bipartisan, high-skilled immigration proposals have been teed up in recent months that contain smart reforms aimed at righting this policy,&#8221; said Case. &#8220;A combination of these reforms should make up a core component of a comprehensive immigration package. The Startup Act permits entrepreneurs and STEM graduates to stay and set up businesses.&#8221;<br />
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