Forerunner raised more funds than any other venture capital firm for the quarter, $41.7 million for its inaugural fund, Dow Jones reported yesterday. What the press release didn't mention is that Forerunner Ventures is a female-only firm.
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Facebook Attempted to Misrepresent Itself to SEC Leading up to IPO?
Two dozen letters posted to the SEC's website a month after the company went public indicate the social media company attempted to overstate the number of users of its mobile devices and cited the wrong research in its February 1 filing with the SEC, according to Bloomberg News.
Private Equity Colluded on Big Deals? E-mails Provide Possible Evidence
Thanks to a motion made by The New York Times in August, e-mails relating to an anti-trust civil lawsuit being brought against 11 of the biggest private equity firms have been made public.
Chinese Management Triples Volume at Greek Cargo Port, Salaries and Job Protections are Trade-off
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
Teens Loyal to their Apple Mobile Devices: Survey Shows
A Piper Jaffray survey shows that 40 percent of teens own an iPhone, according to Fortune. A recent survey showed that teens love their iProducts. Of 7,700 teens polled by the investment bank/ asset management firm Piper Jaffray, 40 percent owned an iPhone, and 62 percent planned to buy one.
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According to a recent interview with Twitter's CEO, the microblogging site's focus is on growing its advertising and user base but speculations about an IPO are still irresistible to the media.
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
Former Pennsylvania State University assistant football coach Jerry Sandusky was sentenced in Pennsylvania today to 30 to 60 years in prison. Sandusky made an audio tape proclaiming his innocence that was aired by the university's radio station the evening before his sentencing.
Data released today by Dow Jones shows U.S. venture capital funds raised $16.2 billion for the year's first nine months, 31 percent more than last year for the same time period.
The New York Times reported that an "ambitious three-step plan" to side-step the economy's looming "Fiscal Cliff" on Jan. 1 has garnered bipartisan support according to lawmakers and aids.
Apple shares are down nearly 9 percent from its Sept. 21 intraday high of $707.07, the day the iPhone 5 went on sale, reported Yahoo Finance today. The site added, "That's 4 percent below its 50-day moving average of $658."
San Francisco-based venture capital firm Valar Ventures Management led a $10.47 million round of financing in the up-and-coming Brazilian furniture e-commerce store, Oppa, according to securities filings obtained by The New York Times. It is the firm's first venture into Brazil.
Simple solutions for common myths about FB's Timeline. A question that is ever-popular in the social media users' minds these days is this: Is there any way to get rid of Facebook's Timeline? The social media site began rolling it out early this year, whether you wanted it or not.
Reuters reported today that following Venezuelan President Hugo Chavez's re-election on Sunday, the investment bank J.P. Morgan predicted the country's oil supply will fall to 2.58 million barrels per day (bpd) next year, down from this year's prediction of 2.62 bpd.
