VENTURE CAPITAL POST

SupportPay has taken in $1.1 million led by Draper Associates and other financiers including Aspect Ventures, Broadway Angels and a personal investment from DJF co-founder Tim Draper.

Paperless Post has received USD25 million Series C funding led by August Capital, confirmed by TechCrunch.

Boston, Massachusetts-based mobile healthcare management platform Wellframe nabbed $1.5 million in a seed funding round from several high net worth individuals to provide patients with an app that will serve as their personal digital nurse.

OKCoin raised $10 million in a Series A funding round led by Chinese venture capital firm Ceyuan to become the biggest Bitcoin exchange in China according to trading volume.

Venture capitalist Tim Draper planned to split California into six states and make Silicon Valley a separate state, and the plan has not gained approval to collect signatures for voting.

Venture capitalists in Silicon Valley are more upbeat in the future of the high-growth entrepreneurial environment, according to a new study done by Professor Mark Cannice of the University of San Francisco School of Management.

South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.

Tim Draper, the billionaire whose venture capital firm has invested in Skype and Baidu, has proposed to divide California into six mini-states, the Financial Times reported.

Venture capitalists pondered on costs for developing drones for commercial uses.

Venture capitalists said drones, largely used for military or scientific purposes, would be used for commercial purposes in the future.

An investor in Tesla Motors Inc thinks it may be time for big competitors of the electric car maker to admit defeat on their electric models and focus on the next technological leap, perhaps flying cars.