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Confirmed: Schultz and Efrusy to Leave Groupon Board; "Accounting Types" Joining
Spencer Platt | Getty Images News According to sources close to the situation, Starbucks Chairman and CEO Howard Schultz and Accel Partners’ Kevin Efrusy will be stepping down from the board of...
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Silver Lake Grabs Large Minority Stake of WME to Push Digital Initiatives
Large private equity firm Silver Lake is buying a large stake in powerful Hollywood talent agency William Morris Endeavor Entertainment, which is being described as a way to turbocharge its digital...
View ArticleEtsy Secures $40 Million for International Expansion
Etsy, the online marketplace where people sell their arts and crafts, has raised $40 million in funding. Investors include Index Ventures (which led the round), Accel Partners, Union Square Ventures,...
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Starbucks' Schultz: Don't Read Anything Into Exit From Groupon Board
Starbucks Chairman and CEO Howard Schultz said today in an interview on CNBC that he has confidence in both Groupon’s board and CEO Andrew Mason, even after stepping down from the board after 19...
View ArticleOnline Retro Clothing Shop ModCloth Closes $25 Million in Funding
ModCloth, an online retailer focused on retro-looking woman’s apparel, has raised $25 million in funding. The round was led by Norwest Venture Partners, with Accel Partners also participating. The...
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HotelTonight Arrives in London, Just in Time for the Olympics
HotelTonight is expanding internationally, starting with London — just in time for the Olympics. The San Francisco company, which allows people to book last-minute hotel deals for the same day at steep...
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Accel, Breyer Capital and Polaris Join Harvard-Area's Experiment Fund
Accel Partners, Breyer Capital and Polaris Venture Partners became the newest partners in the seed-stage venture fund aimed at entrepreneurs in the Boston area. The Experiment Fund, which already...
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Blue Jeans Network, Switzerland of Video Conference Streams, Raises $25 Million
Yesterday I had an interesting four-way video conference. I was at home in my apartment in Manhattan using Skype. The other parties were scattered around the country. Two guys were sitting together in...
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Sonatype, Manager of Grown-Up Open-Source Software, Lands $25 Million from NEA
I’m no expert on how software gets made, but over the years I’ve learned that, more often than not, rather than write brand-new code, it’s more efficient for developers to assemble an application from...
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HP Deputy General Counsel Porrini Leaves for Video Ad Company YuMe
Hewlett-Packard’s corporate legal office has just seen another departure. Sources at the company confirmed that Paul Porrini, vice president, deputy general counsel and assistant secretary, has left...
View ArticleFacebook Shares Unlocking
An avalanche of privately held Facebook shares could begin hitting the market this week — potentially putting further pressure on the company’s stock — as rules expire that have kept some early...
View ArticleMoPub Raises $12 Million More for Mobile Ad Exchange
Mobile ad marketplace MoPub has raised a $12 million B round led by Jafco Ventures; earlier investors including Accel Partners and Harrison Metal Capital are also back. The company, founded by former...
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YapStone Hires CBS Interactive Exec Mary Hentges as CFO
YapStone, which processes about $5 billion in payments a year for apartment- and vacation-rental owners, has hired Mary Hentges as CFO. Previously, she was CFO at CBS Interactive for two years; prior...
View ArticleHouseTrip.com Locks in $40 Million for European Rentals Site
London-based HouseTrip.com, which is focused on the European vacation-home market, has raised $40 million in funding. The round was led by Accel Partners, with existing investors Balderton Capital and...
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Braintree Raises $35 Million to Tackle PayPal's Core Business
Braintree, which promises to simplify payments for retailers online and mobile, has raised another round of capital. The second round, totaling $35 million, was led by New Enterprise Associates (NEA)...
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Sumo Logic, Generating Big Data From Log Files, Lands $30 Million From Accel
When, exactly, was the last time you thought about the log file generated by one of your servers? It was probably when something wasn’t going right and you were trying to troubleshoot some mysterious...
View ArticlePrismatic Banks $15 Million in Venture Capital
Social news reading app Prismatic announced a new Series A round of venture funding on Wednesday, banking another $15 million. Participating in the round were Accel Partners, Jim Breyer and Yuri...
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A Look at the 472 Private Tech Companies Currently Worth $100M or More (Slides)
An investment research outfit called CB Insights has a report out tonight that identifies 472 venture capital- and private equity-backed technology companies that are valued at $100 million or more....
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Exclusive: Cloudera Closes Massive $65 Million Funding Round at $700 Million...
Whenever you hear the phrase “big data” these days, and depending on whom you’re talking to, the word Hadoop usually isn’t far behind. When companies and large organizations seek to tackle the biggest...
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Exclusive: Hailo Raising $30M at $140M Valuation for Epic NYC E-Taxi...
Hailo, the European taxi-hailing app, is raising a large round of funding as it prepares to do battle in the U.S. market, specifically in New York City. The London-based company is poised to close a...
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