News Byte

Glooko Raises $3.5M for Diabetes Logs

Mobile diabetes-management company Glooko has raised $3.5 million more in a Series A round from its impressive list of investors, which include Chamath Palihapitiya’s Social+Capital Partnership, Bill Campbell, Vint Cerf, Judy Estrin and Andy Hertzfeld. The Palo Alto, Calif., company sells a $39.95 cord that connects to blood glucose meters and feeds data to a free iPhone app. The promise of the company is to elevate the geek hobby of quantifying oneself to the next level — health care.

News Byte

Academic Social Network Raises Cash From Former Facebook Exec and Others

New York-based Coursekit, a social network for instructors to manage courses and interact with students, has raised $5 million in a first round. The round was led by Social+Capital Partnership, a firm started by former Facebook executive Chamath Palihapitiya. Existing investor IA Ventures and new angel investors also participated. Coursekit, which became available in November, was founded by Joseph Cohen, 20, and two other undergraduate students at University of Pennsylvania.

Yammer Poaches Another VP From Salesforce.com

Once is a fluke, but two in as many months begins to look like a pattern.
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The Facebook Phone: The “Slayer” That Wasn’t

Before its current phone project, Facebook had a special ops team that explored building its phone with hardware tightly integrated with software. When it didn’t work out, many from that team left the company.
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Former Facebook Exec Palihapitiya Adds Two Partners to His New VC Firm

Ted Maidenberg and Mamoon Hamid, who lead investments in LivingSocial, Yammer and Box.net for U.S. Venture Partners, will join the Social+Capital Partnership.
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Airbnb, Investor Chamath Palihapitiya Settle Differences; Employees Will Get Liquidity

The former Facebook employee is back in the fold for Airbnb’s financing, after further conversations with the apartment-sharing company regarding its upcoming financing round.
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Email: Chamath Palihapitiya Decries Airbnb’s Recent $112M Funding for Founder Control and Cash-Out

Here’s some electric weekend reading for those interested in the push-and-pull between venture investors and start-ups in the frothy Web 2.0 environment.
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Wheelz Up: Another P2P Car-Sharing Service Launches

Peer-to-peer car-sharing service Wheelz launches today at Stanford with a team that includes the former CEO of Mercedes-Benz’s North American R&D.
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News Byte

SecondMarket Employees and Shareholders Sell $13M in Shares on SecondMarket

SecondMarket said today that it had used its own liquidity program to sell $13 million worth of employee and existing shareholder stock. The SecondMarket shares, which were sold at a valuation of $160 million, were bought by Chamath Palihapitiya’s The Social+Capital Partnership, A Grade Investments, Yuri Milner and others. A tech company might call this “eating our own dog food,” but SecondMarket CEO Barry Silbert more delicately called it “eating our own cooking” in a blog post this morning.

Red Robot Labs Raises $8.5 Million to Try to Bring Mobile Games to Real Life

Red Robot Labs has secured $8.5 million with the aim of integrating real locations into mobile games.
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Attack of the Vice Presidents at Facebook