Another Sign of Start-Up Optimism: Legendary VC Alan Patricof Raises a New Fund (Finally!)

Venture capital firms are getting hammered, but a select few have been able to raise more money to start new funds. Today’s example: Greycroft’s Alan Patricof, whose new fund required much more work than he expected, but is just about done now.

Microsoft Slurps Up Opalis

Evidently, Microsoft is back in a buying mood. Yesterday, the company announced plans to acquire health-care software outfit Sentillion. And now Microsoft says it plans to buy Opalis Software, a maker of data center management software.
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OpenX Closes $10 Million Round

It didn’t really need the money, but OpenX today announced a $10 million third round of funding. DAG Ventures led the round, and existing investors Mangrove Capital, Accel Partners, Index Ventures, First Round Capital and former AOL CEO Jon Miller, the company’s chairman, all chipped in a second time.

Reports of Yahoogle's Death Are Greatly Exaggerated

Today, The Deal got played, and claimed that Yahoo and Google were likely to abandon their controversial search ad outsourcing deal. Wrote The Deal’s Cecile Kohrs: “A proposed joint venture between rival Internet companies Google Inc. and Yahoo! Inc. appears headed for the trash bin, just ahead of an expected U.S. Department of Justice challenge to the agreement, lawyers close to the deal said.” Well, maybe it will die at some point. But, in the words of Juba in the last line of the greatest movie ever (“Gladiator,” of course!): Not yet.