Consider Jingdong as a Chinese important worth noting. It aims to become the largest Internet IPO in history. READ MORE
Tech writer Michael Arrington, who founded TechCrunch and sold it to AOL a year ago, announced last week he is raising a $20-million venture capital fund to invest in early-stage technology companies, reported The Los Angeles Times. Since then, he has been widely criticized for what many say is a conflict of interest and now the future of TechCrunch itself appears to be on the line. READ MORE
Innovation Works, a Chinese start-up incubator, announced today that it has raised $180 million from a list of American investors that includes Sequoia Capital, executives from Google and Facebook, and Silicon Valley Bank. READ MORE
“A rising tide lifts all boats,” so the saying goes. But when it comes to the venture capital industry, not all boats are being lifted to the same heights. According to The Wall Street Journal’s Pui-Wing Tam, brand-name VC firms tend to corner the market on top Internet companies and thus benefit “disproportionately” when it comes to IPOs. READ MORE
Earlier this month at the “D” conference in Rancho Palos Verdes, California, Flip video camera inventor Jonathan Kaplan surprised everyone by taking the stage to announce his latest start-up: a grilled cheese sandwich. Even harder to believe was that Kaplan had already attracted leading venture firm Sequoia Capital, which in the past has backed Google, Apple, and Oracle, and had raised upwards of $10 million in funding. READ MORE
