Peter Kafka

Recent Posts by Peter Kafka

More Money for Start-Ups: First Round Capital Gets a Second Fund

First Round Capital, the VC firm that’s made a name for itself by investing in very early stage start-ups, has more money to play with. The Philadelphia-based outfit has a new $126.4 million fund–just $1.4 million bigger than its first fund, PE Hub notes. First Round has been on a roll this year, including a very successful bet on ad tech start-up Invite Media, which raised less than $5 million and was sold to Google for $81 million.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus