Tag Archives: Sequoia Capital
Michael Moritz Of Sequoia Capital To Step Back Daily Work To Focus On Investments [UPDATED]
Michael Moritz of Sequoia Capital is one of the most legendary deal-makers. Through Sequoia, he led investments into Google, Yahoo!, Flextronics, A123 Systems, Zappos.com, Kayak.com, ITA, Gamefly, and PayPal. Moritz will now be stepping back from the daily work at the company, but he will still be deeply involved in the company and will be spending more time on investments.
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Categories Andrew Kovacs, Michael Moritz, Sequoia Capital
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Drawbridge Raises $6.5 Million
Drawbridge is a cross-platform advertising startup that has raised $6.5 million in Series A funding from Kleiner Perkins and Sequoia Capital. Drawbridge was founded and is led by Kamakshi Sivaramakrishnan. The idea behind the company is that ads will be more effective and targeted if they can follow people across multiple devices. Advertisements now need to cater to people when they are on their desktop, mobile device, tablet, gaming console, etc.
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Songkick Raises $10 Million From Sequoia Capital
Songkick is an online service that alerts fans about local concerts by their favorite artists. The company launched in London around 2007. Songkick makes the idea of going to a concert as easy as looking up a restaurant on Yelp. About five million people visit Songkick per month and they have just received $10 million in funding from Sequoia Capital.
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Categories Ian Hogarth, Sequoia Capital, Songkick
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How Hoolai Lost Half Their iOS Revenue By Virtual Currency Scams
Last fall season Hoolai launched a game called Three Kingdoms on the iPhone. The game was on top of the charts and it was expected that the game would make about $600,000. However Apple ended up sending half of that amount. The rest of the expected revenue was lost by fraudulent virtual currency purchases originating from Taobao (eBay of China).
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Categories Bertelsmann AG, Greylock Capital, Hoolai, Sequoia Capital, Sequoia China
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General Atlantic and Sequoia Invest $108 Million In Data Analyzation Company Mu Sigma
Mu Sigma is a company that helps businesses analyze data and make decisions. The company has raised $108 million from Sequoia Capital and General Atlantic LLC. This is the largest round of private-equity financing in the analytic services industry. Mu Sigma will be using the funding to add about 600 to 700 employees. General Atlantic CEO William Ford will be joining the Mu Sigma board of directors. Mu Sigma’s revenues will be increasing 35-40% in 2012. The money raised will also be used for buying out early investors. [BusinessWeek]
Categories General Atlantic, Mu Sigma, Sequoia Capital
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Jive Sets IPO Price At Between $8-$10 With Valuation At Over $500 Million
Blog Service Tumblr Raises $85 Million
Tumblr is a popular blogging service that has raised $85 million in a new round of funding. Tumblr is best known for simple blogging tools to post photos, videos, songs, etc. The investment in this round was led by Greylock Partners. Insight Venture Partners, the Chernin Group, Richard Branson, Spark Capital, Union Square Ventures, and Sequoia Capital also participated in this round.
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Former Google China Head Kai-Fu Lee Raises $180 Million For Innovation Works Incubator
Kai-Fu Lee is the former head of Google China. Lee has raised $180 million for his startup incubator company founded two years ago known as Innovation Works. Innovation Works is an early-stage accelerator company.
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Social Business Company Jive Files For A $100 Million IPO
Jive Software has filed an S-1 with the SEC indicating that they plan to go public to raise $100 million in the offering. Jive Software provides a Facebook-like social network for enterprises for social collaboration purposes within a company. Features of their software include blogging, discussions, polls, etc.
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Inkling Raises $17 Million for iPad Textbooks
Digital textbook startup Inkling has raised $17 million in funding to grow their company, which works with textbook publishers to create interactive iPad versions of their books. The funding comes from Tenaya Capital, Jafco Ventures, Sequoia Capital and Pearson Education. Inkling is already working with publishers like McGraw Hill and Pearson. [GigaOM]