Cendana Capital is known for backing seed-stage VC funds. Now it also plans to invest alongside them.
FORTUNE -- Cendana Capital Partners yesterday made two SEC filings: The first was for a $30 million-targeted fund named Cendana Capital II, while the other was for a $25 million-targeted fund called Cendana Investments LP.
Fortune has learned that the first one is a fund-of-funds focused on seed venture capital, much like the San Francisco-based MOREDan Primack - Nov 26, 2013 3:31 PM ET
Sarah Tavel left Bessemer Venture Partners last year in order to join Pinterest. Here is what she did, and didn't, learn during her time as a VC.
By Sarah Tavel
FORTUNE -- It's been more than a year and a half since I left Bessemer Venture Partners to join Pinterest. Since then, I've taken quite a few meetings and phone calls from junior VCs or MBAs asking about my transition from MORENov 26, 2013 8:58 AM ET
Flipboard said in September that it had raised $50 million. That was only half the story.
By Dan Primack and Jessi Hempel
FORTUNE -- Social news app Flipboard is in final negotiations to raise $50 million in new venture capital funding, Fortune has learned. This would be an extension to the $50 million that Flipboard scored just two months ago, at a reported $800 million valuation.
My understanding is that the round always MOREDan Primack - Nov 25, 2013 3:21 PM ET
Venture capital firm says that it fired partner for poor performance, not as retaliation for gender discrimination suit.
FORTUNE -- Kleiner Perkins Caufield & Byers is disputing accusations that it fired Ellen Pao last year as retaliation for her gender discrimination lawsuit against the firm. Instead, Kleiner Perkins says in new court documents that Pao was terminated for "long standing performance issues."
Pao originally filed suit in May 2012, alleging that Kleiner MOREDan Primack - Nov 25, 2013 2:21 PM ET
Venture capitalist Tim Draper is stepping back from the Silicon Valley firm he created 28 years ago.
FORTUNE -- Tim Draper will no longer be an investment partner with Draper Fisher Jurvetson, the Silicon Valley venture capital firm he founded in 1985. Same goes for fellow "name" partner John Fisher, who three decades ago shared an office with Draper at investment bank Alex. Brown & Sons.
The news was shared earlier today at MOREDan Primack - Nov 19, 2013 3:20 PM ET
Khosla Ventures loses one of its general partners.
FORTUNE -- Venture capitalist Shirish Sathaye has quietly stepped down as a general partner with Khosla Ventures, Fortune has learned.
Sathaye joined Khosla Ventures three years ago, after nearly a decade as a general partner with Matrix Partners (where his first investment was in Aruba Networks).
His deals at Khosla have included Bidgely, Big Switch Networks, Kumu Networks, DB Networks, LightSail Energy, ParStream, NutaniX and TraceVector.
A firm MOREDan Primack - Nov 18, 2013 4:16 PM ET
Mark Gorenberg is striking out on his own, after 23 years with Hummer Winblad.
FORTUNE -- Mark Gorenberg appears to be launching his own venture capital fund, after 23 years with Hummer Winblad Venture Partners.
Gorenberg is listed as the sole executive officer on an SEC filing for Zetta Venture Partners, a San Francisco-based platform that is seeking to raise upwards of $40 million. No additional information was disclosed.
Zetta Venture Partners does MOREDan Primack - Nov 18, 2013 11:52 AM ET
Zulily is going public tomorrow at a $2.6 billion valuation. Read all about it here, because no one else seems to care.
FORTUNE -- It has been more than an hour since Zulily (ZU), a flash sales site focused on children and mothers, announced that it has raised $253 million in its IPO. This should be a very big deal among the tech press. Four-year old ecommerce company now valued at MOREDan Primack - Nov 14, 2013 7:48 PM ET
Kleiner Perkins partner ponders next act.
FORTUNE -- Chi-Hua Chien, a partner with Kleiner Perkins Caufield & Byers, is thinking about launching his own venture capital fund, Fortune has learned.
Chien is in the very early stages of talking to both prospective LPs and his Kleiner Perkins colleagues, for what likely would be a small seed and early-stage fund focused on consumer technology companies.
Last month we reported on a major management shake-up over MOREDan Primack - Nov 14, 2013 12:19 PM ET
Online real estate company raises $50 million in pre-IPO round.
FORTUNE -- Online real estate company Redfin has raised $50 million in what it believes will be its last round of VC funding before going public.
Tiger Global Management led the round, and was joined by T. Rowe Price Associates and existing investors Greylock Partners, Globespan Capital Partners, Draper Fisher Jurvetson, Vulcan Capital and The Hillman Company.
Fortune has learned that the deal was MOREDan Primack - Nov 13, 2013 9:41 PM ET
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