VENTURE CAPITAL POST

Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.

Investors of large consumer food companies want them to take bolder action than just merely cutting costs as their smaller competitors take on risks and increase market share, Reuters reported.

IBM is going to further enhance its cloud services platform with a $1 billion investment until next year to lure more clients to SoftLayer Technologies Inc in its efforts to improve sales that have declined for the past seven quarters, Bloomberg reported.

Goldman Sachs and Credit Suisse were hired by Chinese Internet firm Sina to take care of the debut of its microblogging platform Weibo in New York, according to sources interviewed by the Financial Times.

Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.

The merger between Silverado Power and Sustainable Power Group or sPower, an independent power producer majority owned by private investment firm Fir Tree Partners, has finally been completed, with the newly-created firm to be called sPower.

The potential use of big data by insurance firms to create a profile of possible policyholders carries with it advantages and drawbacks, the Financial Times reported.

Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.

Southern Cross Venture Partners was the lead investor for the Series A funding round for Waltham, Massachusetts-based mobile content startup bigtincan which raised $5 million.

Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.

Dawn Capital led the Series C funding round for software firm eCommera which raised $41 million. Other investors in the round were ePlanet Capital, Westcoast Capital, WPP and WTI, TechCrunch reported.

In the SwitchPitch event in Miami, it's not the startups that went to the stage to make the pitch to investors. Rather, it's the big firms that did the pitching, the Miami Herald reported.

Social media giant Facebook has made an important change on how to treat the memorialized account of a Facebook user who has already passed away, PCWorld reported.

The iPad-based application ZWare Mobile for the mobile technicians of The Dwyer Group franchisees was completed by Servant Systems Inc, a Microsoft Partner Network member.

Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.