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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work