Venture investor Charlie O’Donnell, who has worked with First Round Capital as well as Union Ventures, is launching a new Brooklyn-based VC firm to provide small seed funds, especially to Brooklyn startups.…
Dow Jones: Venture Backed US Companies Enjoy Fewer Exits, but More Cash
Fewer US based venture backed companies exited in 2011 than the year before, but those deals resulted in more cash, according to a recently released report by Dow Jones VentureSource. Despite fewer…
Xoom, the Money Transfer Company, Lands $25 M from Sequoia
Xoom, the money transfer company, recently scored a $25 million round from Sequoia, according to a File D filed with the SEC. Keith Rabois, CEO of the payments service Square, also participated…