News Byte

Social+Capital and Greylock Fund Health Insurance Site Simplee

Simplee, a health insurance management site that helps consumers pay bills, has raised $6 million in Series A funding led by the Social+Capital Partnership and including seed investor Greylock Partners. The company, which launched last year and competes with Cake Health, said it is compatible with 80 percent of U.S. insurers, and plans to expand to large employers and health savings account banks.

Exclusive: Workday Picks Its Bankers for a Fall 2012 IPO

Having started a search for bankers in December, Workday has settled on four who will take it through the IPO process, starting with an S-1 filing expected in mid-July.
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Greylock Partners Names Dev Ittycheria as Partner

The former CEO of BladeLogic argues that the enterprise is back.
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Path Confirms Series B Funding From Redpoint, Richard Branson and Others

Path raised Series B funding led by Redpoint Ventures, it finally admitted.
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Reid Hoffman’s New Business Book Tells Everyone to Act Like Entrepreneurs

LinkedIn founder and Greylock Partners VC Reid Hoffman wants to be a business book guru, too.
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Zuckerberg Is the Billion-Share Man: Who Owns What, Who Makes What in the Facebook IPO

Lots of investor funds, venture capitalists and individuals have a piece of the Facebook action. Here’s a rundown.
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Fast-Growing Cloud Management Start-Up Okta Hires Two New VPs

Customers are up threefold and end users are up by a factor of six. Time to put some more talent on the executive team? Yes.
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Visa Places Bet on New Approach to Payments With Rare Investment in TrialPay

Visa, Greylock’s Reid Hoffman and others are pouring $40 million into TrialPay, which helps companies like Facebook, Gap and Fandango increase sales through the use of incentives.
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Greylock’s Reid Hoffman Invests in Swedish Social Gifting Company

Stockholm-based Wrapp, which was founded by former executives from Spotify, Groupon and other companies, has just received a $5 million gift from Reid Hoffman of Greylock Partners.
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Sarah Lacy Debuts New Tech Site, PandoDaily — $2M+ in Funding and Guess Who’s Working for Her? (Video)

Here’s the brave woman who will be the new boss of Michael Arrington, M.G. Siegler and Paul Carr. (You read that right.)
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Lytro Comes Into Focus (AsiaD Demo)

Lytro Light Field Camera Revealed