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Archive for November, 2018


As we begin Veterans Day/Week 2018, we say “Thank You” to the men and woman of our armed services and suggest that it is time for all to “step up” and find ways to support our Veterans. To often we say “thank you for your service” and then do nothing more. Please think about supporting various Veterans groups with donations, food, clothing and moral support. The have “Earned” it and we “Owe” it to them.

In the late summer of 1967, I was on my way back to Basic Training at Fort Dix, N.J. I was in New York City and an older couple came up to me and said “Thank You” for serving and then gave me $ 20 to enjoy a dinner on them. The gentleman said he served in the Korean War and understands and appreciates what men and woman in uniform go through. I said thank you, enjoyed a great dinner and to this day, remember their kind gesture.

On this Veterans Day/Week, our family will support the Wounded Warriors program and will provide moral support and friendship to Afghanistan Veterans. On Veterans Day, I will also continue to remember that couple and honor them by buying dinner for soldiers in uniform. I will ask them to do the same thing, 5, 10, 20 and 40 years later.

May God Bless our troops and provide our leaders with the courage and strength to do what is Right and what is Just in supporting them.  Many talk about sanctuary cities, places of worship and immigration, how about more focus and respect for those Veterans in need.

Please always remember – FREEDOM IS NOT FREE

What are YOU doing to HELP?

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The Funded: 16 VC-backed businesses raise nearly $650M in Bay Area deals

By  – TechFlash Editor, Silicon Valley Business Journal

Nearly $650 million in funding was disclosed by 16 Bay Area startups at midweek, along with a pair of M&A deals and new venture funds.

Here are the details:

Funding

• Coinbase Inc., San Francisco, $300 million: This digital currency wallet and platform is now Y Combinator’s fifth most valuable alumni after getting an $8 billion post-money valuation in this round led by Tiger Global Management. It was joined by Y Combinator’s Continuity fund, Wellington Management, Andreessen Horowitz and Polychain Capital. Read more here.

• Deliv Inc., Menlo Park, $40 million: Investors in the Series C round of this crowdsourced same-day delivery service include Google, Clayton Venture Partners, UPS, General Catalyst Partners, The Macerich Company, PivotNorth Capital, RPM Ventures and Upfront Ventures.

• Handshake, San Francisco, $40 million: EQT Ventures led the Series C funding of this career network for U.S. college students. It was joined by Chan Zuckerberg Initiative, Omidyar Network and Reach Capital.

• The Athletic Media Co., San Francisco, $40 million: Founders Fund and Bedrock Capital co-led the Series C funding of this digital sports media startup. They were joined by Comcast Ventures, Evolution Media Capital, Courtside Ventures, The Chernin Group, YC, Advancit, Luminari, Amasia and BDMI.

• Quid Inc., San Francisco, $37.5 million: REV Ventures led round for this provider of a platform for analyzing large volumes of text. It was joined by Julian Robertson, Henry Kravis, Lixil Group, Artis Ventures, Salesforce Ventures and Founders Fund.

• AppZen Inc., San Jose, $35 million: Lightspeed Venture Partners led the Series B funding of this AI-powered expense report auditing automation startup that was featured in The Pitch four years ago. It was joined by return backers Redpoint Ventures and Resolute Ventures. (Read more here.)

• Ethos Technologies Inc., San Francisco, $35 million:  Accel Partners led the Series B funding of this life insurance company. It was joined by investors including GV (formerly Google Ventures), Sequoia Capital and Arrive.

• Concord Worldwide Inc., San Francisco, $25 million: Tenaya Capital led the Series B round of this contract management platform provider. It was joined by Alven and CRV.

• Clear Labs Inc., Menlo Park, $21 million: Menlo Ventures led the Series B2 round of this food safety testing platform provider. It was joined by Wing VC, Dentsu Ventures, Felicis Ventures and Khosla Ventures.

• HeadSpin Inc., Mountain View, $20 million: Investors in the Series B round of this mobile app performance software startup include Iconiq Capital, Battery Ventures and EQT Ventures. The round was reportedly done at a valuation of $500 million.

• Sentieo Inc., San Francisco, $19 million: Centana Growth Partners led the Series A round of this financial research platform.

• Waterline Data Inc., Mountain View, $14.5 million: Menlo Ventures led the Series C round of this provider of data cataloging solutions and applications. It was joined by investors including Jackson Square Ventures, Partech Ventures and Infosys.

• Intabio Inc., Newark, $9.5 million: Northpond Ventures led the Series A round of this analytical platform provider for the development of biotherapeutic drugs. It was joined by investors including Genoa Ventures and Vertical Venture Partners.

• ZypMedia, San Francisco, $5.6 million: Archer Venture Capital led the Series C round of this creator of a programmatic advertising platform built specifically for media companies. It was joined by investors including U.S. Venture Partners and Sinclair Broadcast Group.

• Visla Labs, San Francisco, $3 million: Lux Capital led the seed round for this radiology diagnostics platform provider.

• Aura Health Inc., San Francisco, $2.7 million: Cowboy Ventures and Reach Capital co-led the seed round of this emotional well-being app provider. 

M&A

• San Francisco-based Atlassian Corp. plc (NASDAQ:TEAM) agreed to sell Jitsi, an open-source chat and videoconferencing tool it bought in 2015, to San Jose-based 8×8 Inc. (NYSE: EGHT).

Carbon Health, a San Francisco-based platform for ongoing care management and virtual appointments, has merged with Direct Urgent Care, a network of Northern California urgent care centers. Carbon Health raised $6.5 million from investors who include Builders VC. (Read more here.)

Funders in the news

• Palo Alto-based True Ventures raised $350 million for its sixth early stage fund and $285 million for its Select Fund.

• Larry Cook joined Omidyar Network as head of fund operations. He previously was Intel Capital’s finance director.

•  Lynne Chou-O’Keefe, who has invested in healthcare for five years at Kleiner Perkins, has raised $50 million for a new firm she is forming called Define Ventures.

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