The Valley’s fuel cell startup Bloom Energy has now raised over $1.1 billion, according to a report. While Bloom has gotten strong traction, particularly with data center operators, fuel cell manufacturing is difficult and capital intensive business. Read more »
SnapChat is a mobile photo service that is spreading like a wildfire. The photo sharing app is seeing about 1,000 photos a second being shared and that has attracted some big name VCs who want to fund it. Benchmark’s Matt Cohler seems to be the winner Read more »
Advanced Equities, a controversial investment group in Chicago, is closing up its broker-dealer operations, reports Fortune. The firm had raised hundreds of millions of dollars for cleantech startups in recent years, but recently settled charges with the SEC, hurting its reputation and costing it $1 million. Read more »
Yahoo and Facebook announcing that they will avoid the patent version of the Hundred Years’ War should be enough to seal the deal for interim CEO Ross Levinsohn, credited with the change in strategy, to get the “i” word removed from his title. Will it be? Read more at paidContent »
The venture capital old boys club is just that: old school. And like many things that aren’t working for the traditional VC’s, a failure to evolve is just a competitive disadvantage. Read more »
Kleiner Perkin’s partner Ray Lane is not listed as a general partner on fund documents for prospective limited partners for Kleiner Perkin’s next early stage fund, though Lane will still be active at the firm, reports Fortune’s Dan Primack. Read more »
