Venture Capitalism

Q1 Report: VCs Invested Nearly $7 Billion Across 841 Deals, the ‘Highest Level’ Since Dot Com Boom

(Photo via CB Insights)

CB Insights released a new report about venture capital financing for the first quarter of 2013, and after a bleak 2012, things are looking up for New York startups. The state beat out Massachusetts for the second time in the last two years on “overall number of deals and funding” (not exclusive to tech companies), placing just behind California. Read More

Funding Fun

Media Startups, Rejoice: There’s a New Digital Media Seed Fund in Town

Mr. McGlade (linkedin.com)

New York is arguably the biggest media hub in the world, and if Mayor Bloomberg has anything to say about it, it’s also a tech haven worthy of rivaling the Valley. So naturally, along with the host of media-related startups that have been cropping up across the Alley, we’re also getting a new seed fund. Helmed by ex-Medianet CEO Alan McGlade and VC Michael Yang, it’s called DEV (Digital Entertainment Ventures, not to be confused with the abbreviation for “developer”), and it launched today to help rookie media companies via funding and advising. Read More

Angelic Cabals

Charlie O’Donnell Explains How First Round Capital Made the Grade For Most Active VCs in 2011

charlieodonnell

Thomson Reuters Venture Capital Journal just released its list of top VCs and deals thus far this year, with First Round Capital and Draper Fisher Jurvetson joining the ranks of Kleiner Perkins Caufield & Byers and Sequoia Capital. First Round, from its New York outpost on Park Avenue, and Draper, from DFJ Gotham’s suite on West 31st St., both have a strong presence in New York City.

In total, peHUB says DFJ ‘s network is responsible for 28 deals from January to June, tying with Sequoia for the No. 3 slot. First Round’s network is responsible for 27 deals through June. Among First Round’s investments this year are homegrown start-ups like AdKeeper, GroupMe, and 33Across.  DFJ Gotham plunked down cash for Made In NYC ventures like Seamless Receipts, Yipit, Altruik, and Solvate.

Betabeat asked First Round principal Charlie O’Donnell how much of its $130 million fund, raised in 2010, was geared towards New York companies. “As a seed/angel stage investor, we’re always on the most active lists and a lot of it is NYC, but a lot of it is our great SF office, too,” he responded, via email. Read More