2012 VC Investments Off 10 Percent, Dragged Down by Biotech and Cleantech

Biotech funding dropped 15 percent in 2012 and cleantech investments 28 percent.
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News Byte

Redpoint Ventures Raises Another $400M Fund

Redpoint Ventures said today that it has closed a $400 million venture capital fund to invest in early stage startups, a direct parallel to the fund of the same amount it raised three years ago. Some of the Sand Hill Road firm’s recent investments include Path, Electric Imp, Pure Storage, Zendesk, Stripe, Sonos and Kabam.

News Byte

Kleiner Perkins Leads Group Giving Rock Health Start-Ups $100K Each

Digital health start-up accelerator Rock Health will now give each accepted company $100,000 from Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures, Aberdare Ventures and the Mayo Clinic. Awarding a chunk of no-strings-attached cash follows the lead set by Y Combinator and followed by other accelerators. The Kleiner hookup comes from new partner Mike Abbott’s previous role as an advisor at Rock Health.

The Vanity of the “Acqhire”: Why Do a Deal That Makes No Sense?

Why don’t Google, Facebook or Zynga just hire away a team of engineers, if that’s what they’re after?
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U.S. Venture Capital Has Its Biggest Quarter Since Dot-Com Days

U.S. venture capitalists put $8.1 billion into 812 deals in the second quarter of 2012, their single largest quarter in more than a decade, according to CB Insights.
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Should (And Will ) Kleiner Perkins Settle Its Gender Discrimination Fight?

As Kleiner Perkins faces off in court for the first time today against its own partner, Ellen Pao, the big question is how much more the venture capital firm can take before it settles.
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News Byte

Kleiner Perkins Refills Wallet With $525M for Early-Stage Companies

Sand Hill venture capital firm Kleiner Perkins Caufield & Byers has closed its 15th fund today, at $525 million. As had been previously reported, the fund will not be managed by KPCB’s Brook Byers, Bill Joy, Ray Lane and Aileen Lee (who is now doing a seed fund), though those partners will continue to be involved in ongoing investments. What’s new about the fund is a renewed emphasis on digital enterprise companies, in addition to digital consumer, green tech and life sciences.

Meet Y Combinator's Latest Class

Y Combinator on Tuesday showed off its latest class of start-ups at its Mountain View, CA, headquarters, offering an extra-large sampler pack of developer tools; social apps; lots of services for markets like real estate, doctors and parents; and, of course, a few of its trademark productivity apps. Here’s the list, along with a photo gallery.

VCs Pay Up for Second(ary) Chance to Invest in Web Winners

Apparently some folks wanted extra cash to buy ultra-deluxe Christmas gifts last year. Current employees of private companies made up the largest single portion of stock sellers on SecondMarket in December, a huge leap from prior months.

Techies Pause Long Hours for Long Weekend of Snow Kiting in Utah

It’s a good time to be an entrepreneur in Silicon Valley, and not just because the parties are getting swankier. More than 30 techies went snow kiting in Park City, Utah, over MLK weekend on a trip organized and funded by the venture capital firm Charles River Ventures.

General Catalyst Heads West, to Find Some Young Men and Women to Fund