According to TechCrunch:
Genealogy social network Verwandt has raised an undisclosed series B from Hasso Plattner Ventures (HPV), said to be in the “multi-million-dollars” but otherwise undisclosed. They closed their first round in July 2007 from Hamburg-based Neuhaus Partners.
More here.
I had breakfast with a venture capital friend of mine – Andy Dale of Buerk Dale Victor LLC. We were talking about the confusion amongst many entrepreneurs about raising capital. It’s easy for entrepreneurs to perceive raising a big round of venture capital as success. There’s a feeling (and I’ve had it) of raising 5 or 10 million dollars and feeling like you’ve arrived. It’s an easy trap to fall into and one that successful entrepreneurs fight — remember — success in business comes with profitability or at least with cash flow positive.
Alarm:Clock is saying that Frevvo has received $500k in seed funding. Good news on the early stage investment side of things. Also, it looks like Frevvo has a freemium model. There is a thread about different types of revenue on our discussion board.
The WSJ covers Peter Theil’s view on Venture funding.
No lack of $$ available it seems for late stage investments. Ice.com receives $47 Million. Will this continue in 2008 or will we see more frequent early stage investments?
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