Early Facebooker Ali Rosenthal Joins Greylock Partners as EIR

Ali Rosenthal, a business development exec who joined Facebook way back in 2006 and helped found its mobile team, has joined Greylock Partners as an executive in residence.
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Greylock Goes Hollywood, Adds to WhoSay Funding

A start-up that counts megastars like Tom Hanks, Steven Tyler and Ellen DeGeneres among its active users now has a high-profile Silicon Valley investor: Greylock Partners.
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Greylock's Reid Hoffman and David Sze on the Future of Social (Video)

Greylock partners Reid Hoffman and David Sze share their predictions for the social Web in a video interview. They also tell us some segments they would like to invest in, such as the integration of physical and virtual experiences and ways to apply network effects to work.

BoomTown Pick for Microsoft Digital Head: Qi Lu (Yes, the Former Yahoo Search Guru)

Yesterday, BoomTown opined that Microsoft was nearing a decision on who would become the head of its digital efforts. And, according to several sources and some puzzling by me–if the deal can be sealed–I think that Microsoft CEO Steve Ballmer’s top choice is former Yahoo tech star Qi Lu. If Ballmer manages to pull off the hire of Lu–on the heels of already grabbing another top Yahoo search exec, Sean Suchter, which I posted on yesterday–the aggressive exec could almost be bypassing a Yahoo search partnership he has long sought by sucking the talent right out of the place instead.

Curtains for the Observer Roles on the Facebook Board?

According to sources, Facebook is moving to eliminate its observer status slot from its board. That position is currently held by Greylock Partners David Sze. The reasons might be as simple as the fact that as Facebook grows, it needs a more formal board process, especially as it prepares for a public offering sometime in the future. In that case, the observer slot might be eliminated, as the company moves to add more members to the board.

BoomTown Has Yahoo's Qi Lu in Video Sights and Flubs It!

On Tuesday night, BoomTown reported from the Harvard Business School Association of Northern California dinner honoring Facebook. And, as usual, I was video-harassing Greylock Partner’s David Sze and James Slavet about the acquisition of Yahoo (YHOO) Network division head Jeff Weiner into the firm as an executive in residence. I prodded: “This is the pair [...]

LinkedIn Raises $53 Million at $1 Billion Valuation

In a much-expected financing, LinkedIn has joined the big funding club (Slide, Spot Runner) of late, by raising $53 million at a startling $1 billion valuation. Why go public when you can just pretend? Actually, unlike a lot of Web 2.0 start-ups, the professional-networking site has been profitable since 2006. The new slug of cash comes from new investor Bain Capital Ventures, along with existing investors Sequoia Capital, Greylock Partners and Bessemer Ventures.
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As BoomTown Already Said, Weiner Moves to Accel and Greylock

Accel Partners and Greylock Partners will officially announce today that Yahoo Network head Jeff Weiner will become an executive in residence at both Silicon Valley venture capital firms. That obviously means Weiner is officially out at Yahoo too. Of course, loyal readers of BoomTown would have known about this development last week, when this column broke the news of Weiner’s departure from Yahoo, where he was one of its top execs, in charge of all consumer-facing products at the company.
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Andreessen to Facebook Board?

Silicon Valley luminary Marc Andreessen has been asked to join the board of Facebook, according to several sources with knowledge of the situation. While the arrangement is not completed yet, sources said the longtime entrepreneur has verbally agreed to accept the post to become the fourth member of the board of the Palo Alto, Calif.-based social-networking site.

Facebook Deal or No Deal: The Way They Were

Since we are refraining from writing about the current deals being mulled over by Facebook (see this post and also this disclosure)–one for its international ad business with rivals Google and Microsoft vying for the privilege of losing money in a guaranteed revenue deal and another to complete a mega-round of funding that will value [...]

Web 2.0 Dinner and Schmoozefest