Venture Firms Hit The Jackpot With Betfair

Ten years ago Index Ventures took a chance on an online betting service called Flutter that merged two years later with a rival called Betfair. That gamble has paid off handsomely for the European venture firm, as Betfair Group Ltd. went public Friday in a high-flying IPO.

Kara Visits Index Lunch and Tests the Entrepreneurs

So I went to the getting-to-know-you lunch thrown by Europe-based Index Ventures, the venture firm that has made some splashes in Silicon Valley, with its success investing in Web phone pioneer Skype and its flashy new investment in online video service Joost. The group, which includes former Silicon Valley player Danny Rimer, whom I interviewed [...]