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Episode 7

This Week in Venture Capital #7 with Dana Settle

TWiVC #07 with Dana Settle

Dana Settle a Partner with Greycroft. Dana serves on the boards of K2 Networks, MoVoxx, Sometrics, Sportgenic, United Sample, Vuze and WideOrbit all Greycroft investments.

This Week in Venture Capital airs LIVE every Wednesday at 2pm PDT / 5pm EDT with Host Mark Suster.

Mark Suster, Investment Partner at GRP Partners. You can find Mark’s insights into issues facing entrepreneurs, technologists and the venture capital industry at Both Sides of the Table.

Watch us on ThisWeekIn.

Follow us on Twitter @TWiVC #TWiVC

Deal of the Week

Gilt Groupe

-Largest private sale web site in US

Current round: $35mm in Series C (extension of Series B at higher valuation) from General Atlantic, Matrix Partners

Total raised: $83mm; Series B round (July 2009 for $43mm) valued company at $400mm

Read more: TechCrunch, Reg Form D, WSJ interview w/ Susan Lyne

Other Deals

1. Booyah

-Develops a location based service platform that pairs the virtual world with mobile gaming

-Booyah’s most popular application is social LBS game is MyTown

Current round: $20mm in Series C by Accel Partners (Jim Breyer), KPCB, and DAG Ventures

Total raised: $29.5mm

Read more: CrunchBase profile, TechCrunch

2. BuzzFeed

-Portal that promotes and tracks general news, politics and popular culture articles published across the web

Current round: $8mm in Series B from RRE Ventures (Will Porteous)(lead), SoftBank Capital, Hearst Interactive Media, SV Angel (Ron Conway), Founder Collective (Chris Dixon)

Total raised: $11.5mm

Read more: VentureWire (requires login), Mahalo Profile Page

3. SimpleGeo

-Provider of simple, turnkey location based services to content publishers and online service providers looking to location-enable their applications or services

Current round: $8.14mm in Series A from Redpoint (lead), Foundry Group, with previous investors, First Round Capital, Lowercase Capital (Chris Sacca), Ravi Narasimham

Total Raised: $9.64mm

Read more: TechCrunch, ReadWriteWeb, TheNextWeb

4. Lookout

-SaaS provider of security and data back-up services for smart phones

Current round: $11mm in Series B by Accel (lead), Khosla Ventures, Trilogy Partnership

Total raised: $16.5mm

Read more: VentureBeat

VENTURE CAPITAL DISCUSSIONS:


OTHER DEALS (Cont):

5. Jelli

-Platform that provides radio music programming via crowd sourced contributions from social community; programming is syndicated nationally

Current round: $7mm in Series A from Battery Ventures (Satya Patel)(lead), First Round Capital; includes converted $2mm Seed round raised in Q4 2009 from First Round Capital, TriplePoint Capital, Alfred Lin (Sequoia, ex-COO Zappos), Peter Sperling (Apollo Group), Manny Rivelo (SVP Cisco)

Total raised: $7mm

Read more: VentureWire (requires login), SF Business Times

6. Grockit

-Provides online adaptive test prep services and community

Current round: $7mm in Series C from Atlas Ventures (lead), Benchmark, Integral Capital

Total Raised: $17.7mm

Read more: TechCrunch

7. Huddle

-Provides an enterprise collaboration and storage platform

Current round: $10.2mm in Series B from Matrix Partners (lead), with existing investors Eden Ventures (Charles McGregor)

Total raised: $15.0mm

Read more: TechCrunch

M&A

1. Sybase (acquired by SAP)

-Provider of enterprise software for mobile data services and data management

-SAP’s second largest deal, behind its 2007 acquisition of Business Objects for $6.8Bn

SAP:

-Leading developer of enterprise resource planning software

Transaction: $5.8Bn in cash; $65 per share

Read more: BusinessWeek, Reuters

2. CityDeal (acquired by Groupon)

-“Groupon for Europe”

-Approximately €20mm raised; largest investor is Rocket Internet (Sawmer brothers’ incubator)

Rumored deal value: “triple digit hundred millions”

Read more: Alltop, TechCrunch, TechCrunch follow-up

OUR SPONSOR

  • http://www.rre.com jdrive

    Well done; great show Mark and Dana!

  • http://www.brandonlaughridge.com/ Brandon Laughridge

    You guys have got to change that into. It's ridiculously awful. Great show otherwise!

  • Brandon

    I mean “intro”

  • thisweek

    Brandon, thanks for the feedback

  • Fellow Boother

    Mark – I watch your shows every week. I obviously love it. One recurrent theme is you don't give the guests enough time to talk.

  • http://markgslater.wordpress.com/ markslater

    aghh the trumpets!

    also – 1 hour is alot mark – is it possible to get it to 30 mins?

  • thisweek

    Mark:

    Thx for your comments and we're working on an updated intro.

  • Herve

    Mark,

    Discovered your show last week and has been hooked up since. Great show to help understand what to expect from VCs for first timers. Keep up the good work …

    Herve (London, UK)

  • thisweek

    Herve:

    Thank you for watching in the UK a place Mark lived in for quite some time.

  • http://twitter.com/janthonymez J. Anthony Miguez

    Loved the segmentation of the investment levels. I also think that in addition to the check sizes being different so are the skills sets that an investor can bring that will be of most value to a company at that stage.

  • http://twitter.com/cameronsmith Cameron Smith

    I love the long length. If you wan't it shorter, just skip the bits you don't like.

  • Vlad Smirnoff

    Wow. I think this episode is my favorite!! :)
    Great Job Mr. Suster.

    btw the show looks so professional!!!

  • andrew

    nice segment.

  • Twivc

    keep it up

  • http://twitter.com/koolkao Ming-Chih Kao

    TWiVC is a great show. Great for learning about the perspective of VCs. Look forward to the next episode #TWiVC

  • thisweek

    Thanks for watching!