Good Thursday morning! (By the way, is StrictlyVC the only one who didn’t go to the Bruno Mars show in Oakland last night? FOMO is real, people.)

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Top News in the A.M.

Ten things you might have missed at the second day of the Code conference.

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Wearable That Relies on Your Heartbeat Nears Series A Close

If things go its way, you may be hearing more about Bionym, if not using its product. The spin-off from the University of Toronto has been developing a wristband that distinguishes wearers by their heartbeat. The big idea: there’s no reason to use keys and pass codes and credit cards when we can be identified instead through our unique electrocardiography.

A lot of pieces have to fall into place for the wristband, called the Nymi, to work out. But because the potential also seems substantial, I asked company president Andrew D’Souza to walk me through what’s happening as the company prepares to dot the i’s and cross the t’s on a Series A round that it’s closing.

I know the company’s founders studied biometrics and cryptography at the University of Toronto. What’s the core technology here?

It’s a set of algorithms that helps identify you based on your unique ECG. This was a tech licensing company initially, but we realized the way this functionality should be put out in the world is through a wearable wristband.

Which still hasn’t been produced yet, is that right?

We’ll start the production efforts over the summer and expect to ship the first 10,000 [units] next fall.

How confident are you of that?

It’s a fair question. [The successful production of the Nymi] was the biggest risk for me in joining the company [last year]. But we bought in James Elson, who led the complete product development cycle for the AirHog, the best-selling radio-controlled helicopter in the world. He has shipped about 8 million units, spent a third of his career in China, and has all kinds of relationships and knows what to ask.

How is the Nymi designed, loosely?

It’s basically a polymer wrapped around a hard plastic puck that houses the electronics, like a Fitbit, which also has an enclosed puck. Jawbone’s UP band and Nike’s FueldBand use flex circuits, which introduce more manufacturing risk.

Something like 2.7 million people have already purchased wearable bands, most of them fitness trackers – and most of them Fitbits. Is there any concern over asking people to put another piece of hardware around their wrist?

No, we think the wearable market is where mobile was in the ’90s. Most of the devices sold so far have a single use case – like tracking steps, or notifying me when I get texts. Going forward, we’ll see platforms emerge. When Apple announces its iWatch, [it’s likely to be] a health-focused platform. Android Wear, [Google’s software platform for wearables] will [center] on context-aware, location-based services. We think there’s also an opportunity for an [identity-centric] personalized platform, and that there’s a market of people who will prefer it.

What about all the peripherals you’ll need for Nymi to work?

We’ve had phenomenal interest from Fortune 100 companies about building applications integrations into some of their products. We have an open SDK, so in the same way that people build apps on iPhones, we’re giving early access to key partners [to create related apps]. Essentially, we want to allow people to bypass whatever credential they use and use Bionym as a proxy for it, from laptops and smart phones to payment companies to home security.

More than 7,000 developers have signed up for the SDK – from college students to major corporations. That’s what we’re most excited about.

You’re accepting pre-orders at your site. Will you sell exclusively through the site or will people be able to order the Nymi through major retailers?

Amazon is essentially ready to start selling and other major retailers have reached out about listing us. But we’ve been hesitant to go to physical or digital retail until we know exactly why people are ordering our devices and who they are.

New Fundings

51Fanli, an eight-year-old, Shanghai-based rebate shopping guide platform, has raised $20 million in Series B funding led by SIG China, according to Chinese media reports. The company had previously raised $10 million in Series A funding from Qiming Venture Partners and Steamboat Ventures.

Apixio, a five-year-old, San Mateo, Ca.-based company that extracts and analyzes clinical unstructured and coded data for healthcare industry clients, has raised a $13.5 million Series C round from Bain Capital Ventures, along with numerous unnamed individual investors. The company has raised at least $22.6 million altogether, shows Crunchbase.

ARMO BioSciences, a 1.5-year-old, Redwood City, Ca.-based clinical-stage biotechnology company that’s trying to turn a drug licensed from Merck & Co. into a cancer treatment, has raised $30 million in Series B funding by NanoDimension. Earlier investors Kleiner Perkins Caufield & Byers, OrbiMed and DAG Ventures also participated in the round, which brings the company’s total funding to $50 million.

Bindo, a six-month-old, New York-based company that’s come up with an iPad point-of-sale system and associated cloud-based payment platform for small merchants, has raised $1.8 million in seed funding co-led by Gary Vaynerchuk, East Ventures, and Metamorphic Ventures.

Coupang, a four-year-old, Seoul-based e-commerce company that offers goods ranging from fashion to produce, has raised $100 million in financing led by Sequoia Capital Global Equities and Sequoia Heritage, with participation by earlier investors Greenoaks Capital Management, Rose Park Advisors’ Disruptive Innovation Fund and LaunchTime. Others of the company’s earlier investors include Maverick Capital, Altos Ventures, Bill Ackman, Clay Christensenand others. The company is now valued at $1 billion-plus, it says. The company’s CEO tells Dealbook that more than 70 percent of its transactions are done on mobile devices.

Datalogix, a five-year-old, Westminster, Co.-based company that sells offline purchase data to giant publishers, has closed a $45 million round led by Wellington Management Company. Earlier investor investor Institutional Venture Partners joined the round, investing more than pro rata. The round is “incremental to the recently announced investment in Datalogix by Jim Breyer’s Breyer Capital,” says the company. (In April, the WSJ reported that Breyer had invested “a significant” amount in the company.) Datalogix has raised at least $111 million to date, shows Crunchbase.

ExtraHop, a seven-year-old, Seattle-based app management system, has raised raised $41 million in Series C funding led by Technology Crossover Ventures. Other participants in the round include earlier investors Meritech Capital Partners and Madrona Venture Group.

HackerOne, a 19-month-old, Bay Area-based security firm whose platform makes it easy for companies to report their bug tracking and process their flaw reports, has raised $9 million in funding led by Benchmark. TechCrunch has much more on the startup, which has ties to Facebook and Microsoft, here.

Matrixx Software, a 24-year-old, Mountain View, Ca.-based developer of online charging and subscriber policy management software, has raised an undisclosed amount of new funding led by Telstra Ventures. Earlier investors Swisscom Ventures, Innovacom, Greylock Partners, Adams Street Partners and Tugboat Ventures also participated in the round. Previously, the company had raised at least $33.6 million, shows Crunchbase.

MedCPU, a six-year-old, New York-based company whose real-time clinical decision support tool rides atop most hospital and ambulatory electronic medical records and “reads” the complete clinical information to deliver clinical care advice, has raised $9.3 million in Series B funding from investors that include Merck Global Health Innovation Fund, Easton Capital Investment Group and New Richmond Ventures. The company has raised at least $10.9 million to date, shows Crunchbase.

Message Bus, a nearly four-year-old, San Francisco-based application service that enables messaging across different email and mobile infrastructures, has raised $4 million in funding led by previous investor True Ventures. Other earlier investors North Bridge Venture Partnersand Ignition Partners also participated in the round, which brings the company’s total funding to $18 million, it says.

Neuway Pharma, a months-old, Bonn, Germany-based company that focuses on the preclinical and clinical development of therapeutics for treating orphan brain diseases, has raised $3.6 million in Series A financing led by Wellington Partners. The company is the first spin-off of the Life Science Inkubator in Bonn.

Newlans, an 11-year-old, Acton, Ma.-based fabless semiconductor company that makes a reconfigurable broadband analog signal processing architecture, has raised $5 million from Verizon Ventures to complete its Series B financing round. Intel Capital, with the participation of Paladin Capital and Lockheed Martin, had led the Series B, which initially closed with $15 million in February. The company has raised at least $23.9 million to date.

PatientPay, a nearly six-year-old, Durham, N.C.-based patient billing and payment services company, has raised $2.5 million in funding led by Mosaik Partners, a new, San Francisco-based firm that just held a first close on $15 million for its debut fund. PatientPay has raised $6 million to date.

Rodin Therapeutics, a year-old, Cambridge, Ma.-based biotechnology company that’s focused on creating therapeutics for neurological disorders, has raised $12.9 million in Series A funding led by earlier investors Atlas Venture and Johnson & Johnson Development Corporation. The company raised an undisclosed amount of seed funding from both firms last summer.

Standard Treasury, a year-old, San Francisco-based company that offers standard APIs that make it easier for businesses to transact with their banks, has raised $2.7 million in seed funding. Investors in the round include RRE Ventures; Index Ventures; Data Collective; SV Angel; Y Combinator; Jay Mandelbaum, a former chief operating officer of JP Morgan; and Gmail creator Paul Bucheit. The WSJ has much more here.

Swipely, a 4.5-year-old, Providence. R.I.-based company whose online software works with point-of-sale systems and terminals used by independent businesses to manage their credit card processing, reward programs and more, has raised $20 million in Series C funding. The Pritzker Group led the round; previous investors Shasta Ventures and First Round Capital also participated. The company has now raised $40.5 million altogether, shows Crunchbase.

XLV Diagnostics, a three-year-old, Thunder Bay, Ontario-based company that makes low-cost, next-generation digital mammography machines, has raised $3 million in Series A funding from the Boston-based Bernard M. Gordon Charitable Remainder Unitrust. The company had previously raised $600,000 in funding from the regional development organization FedNor and the Northern Ontario Heritage Fund.

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New Funds

Omron, a Japan-based manufacturer of control equipment, factory automation systems, electronic components, automotive electronics, ticket vending machines and medical equipment, is earmarking an estimated 3 billion yen ($29.1 million) for agricultural and life sciences startups over the next three years, reports the Nikkei.

Spark Capital, the nine-year-old, Boston-based venture capital firm, closed its first-ever growth capital fund yesterday with $375 million that was raised over “several” months. (Spark is also investing from a $450 million early-stage fund closed last year.) The head of the new fund is Jeremy Philips, formerly a managing partner of Occam Partners, as well as an executive at News Corporation. He tells Dealbook more about his team’s plans, including that they will be aiming to invest slugs of $15 million and $30 million in companies that already have roughly $1 billion in revenue but aren’t yet ready to go public. Bijan Sabet, a partner at Spark, tells Dealbook: “We’re planning on helping companies scale, whether they’re existing companies of Spark or not.”

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IPOs

Only two companies have set terms for upcoming IPOs in the past week, notes Renaissance Capital, calling it a reflection of “both fallen tech and biotech valuations and the typically lower volume around a holiday week.” More here.

Twitter’s shares rose nearly 11 percent yesterday, to $33.77, after Nomura Equity raised its rating to buy from neutral, with a price target of 43. Investors Business Daily notes that the shares are still 55 percent off their peak price of $74, reached roughly one month after the company’s November IPO.

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Exits

Apple finally announced yesterday that it has acquired the subscription streaming music service Beats Music, and Beats Electronics, which makes Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple, Iovine in a full-time capacity, Dr. Dre, whose real name is Andre Young, for “as much as it takes,” he said yesterday. Apple is acquiring the two companies for a total of $3 billion, including $400 million that will vest over time. The Beats brand will remain separate from Apple’s, and Apple will offer both Beats’s streaming music service and premium headphones, reports the New York Times.

Distimo, a five-year-old, Netherlands-based app analytics and data company, has been acquired by its direct competitor, App Annie, which has been looking to expand into Europe. As part of the transaction, App Annie announced a fresh $17 million in funding yesterday from earlier investors IDG Capital Partners, Greycroft Partners and Sequoia Capital; the company has now raised $39 million altogether. Distimo had raised an undisclosed amount of funding from Wellington Partners.

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People

Highly disturbing emails written by Snapchat cofounder Evan Spiegel during his (not-so-distant) college years were leaked to the media yesterday. Spiegel quickly issued an apology for the “idiotic emails,” saying they “don’t reflect my views toward women.” The media world has seemed to let the issue go.

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Job Listings

Spark Capital is hiring a team of six to eight people for its new growth fund. (See “New Funds.”) Time to invite a partner or two out for coffee?

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Happenings

VentureBeat’s MobileBeat conference is coming up in July in San Francisco. You can register for it here.

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Data

Mary Meeker‘s Internet trends presentation, 2014. (The gist: There’s no tech bubble. Also, people love using the Internet from their phones, and that’s only growing faster.)

What startup founders typically pay themselves, or should, according to their venture investors.

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Essential Reads

As promised Google has disclosed its diversity record, and it’s not good. Among the data released: 79 percent of the company’s leadership positions are occupied by men, 72 percent of whom are white.

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Detours

No, really? The Ice Diet?

What a hiring manager scans for when reviewing resumes.

Sixty years of nuclear energy (slide show).

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Retail Therapy

Inflatable hot tub, you look right up our alley.

Topanga Canyon, a “limited-edition, trail-foraged fragrance that takes you on a springtime hike through the coastal mountains of California,” and you only need your nostrils to get there.

Is it Friday yet? (Kidding!) Hope you have a great Wednesday, everyone.

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Top News in the A.M.

Alibaba just made a huge investment in an overseas postal agency.

A Federal Trade Communication report released yesterday is providing an unusual window into the system of commercial surveillance.

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Cybersecurity VC David Cowan on Hackers, Valuations, and What’s Hot Now

When the news emerged last week that Defense.net, a cloud service that defends data centers and applications from cyber attacks, was selling to publicly traded F5 Networks, some were surprised it was being swept up so soon. Its founder, Barrett Lyon, had started two other cyber security companies; it had been incubated at Bessemer Venture Partners just last year. Could it be that the market – spending for which is expected to hit $77 billion this year – is peaking right now?

Longtime cybersecurity investor David Cowan, a general partner at Bessemer’s Palo Alto, Ca., insists that’s far from the case. Rather, in a call yesterday, he said that Defense.net’s business is “an expensive one to build. There’s a reason there aren’t a lot of companies out there that provide this kind of business. I would have been happy to keep going, but I can understand why the team found it attractive to take a strategic multiple when it was offered.”

Here’s some more from that conversation yesterday, edited for length:

A lot of businesses complain that it costs more to safeguard their systems than deal with a breach. What are you seeing?

I wouldn’t say that companies would rather spend to remedy the breach rather than prevent it, but [there’s now an] awareness that breaches are inevitable, so part of any cyber plan has to be preparations for dealing with a breach. There are startups out there today that all they do is sell breach-response services to help companies prepare for that inevitability, though those aren’t particularly interesting to me because [they] don’t use a lot of technology to do it.

As we connect more things to the Internet, more things become vulnerable to attack, including heart monitors and other medical devices. Is that an area that interests Bessemer? Do you have a vertical approach?

We generally don’t have a vertical approach, but having said that, I do think the medical device vertical is pretty interesting. There’s a vast sea of medical devices out there and hospitals that are running on old Windows machines, many of which are no longer even supported by Microsoft. And those connected machines are likely swamps for malware. And nobody has any visibility into them. Companies that are going after I that . . . it’s an interesting vertical.

What’s one thing you’re seeing in cybersecurity right now that wasn’t possible until recently?

I invested in this company, Internet Identity, because they enable companies to do what no one has done before, which is to collaborate on cyber defense.

There’s a lot of collusion by attackers in the form of exchanges, [including] people buying and selling [personally identifiable information]. As a result, it’s easy for someone to ramp up quickly as a cyberattacker. But until 18 months ago, no one ever talked openly about security infrastructure outside of their company or government agency. It was viewed as terribly private and intimate.

Since then, there’s been a really a big shift in people’s understanding that the private and the public sector all need to work together to share cyberintelligence, so that if an attacker is identified in one place, all doors [will be] closed [to that person] in buildings everywhere. That requires a lot of technology . . .and that’s what Internet Identity has developed and built. It now supports 30 federal agencies and at least three of the world’s six most valuable technology companies, and everyone who joins the exchange gets the benefit of all that intelligence in real time on their own network. It’s kind of like the social network of cyber; you share and you get back [a lot], and once someone joins the exchange, he or she naturally wants to invites lots of friends into the exchange as well.

You say Defense.net’s sale wasn’t related to valuations. What’s happening out there, though?

There’s been a huge increase in the value and multiples for companies selling cloud services to enterprises [in recent years]. With a huge pullback this year in the public market, I think it’s fair to expect that the private markets will have to respond accordingly . . .generally, when the [public] market goes up, it’s a matter of weeks before the private market does the same. When it goes down, it’s a matter of months [before private markets follow suit].

New Fundings

Acquia, a seven-year-old, Burlington, Ma.-based startup whose software enables companies to build and maintain their Drupal-based websites, has raised $50 million in new funding, led by New Enterprise Associates. Split Rock Partners and existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital also participated in the round, which brings the company’s total funding to $118.6 million.

Aver Informatics, a four-year-old, Green Bay, Wi.-based company whose data management tools help hospitals and other health care providers simplify the process of billing insurance companies, has raised $8.5 million from Drive Capital and GE Ventures. The company has raised $11 million to date, shows Crunchbase.

DemystData, a four-year-old, New York-based software company that sells predictive analytics to financial services clients, has raised $5 million in Series A funding from a string of investors, including Arbor Ventures, SingTel Innov8, Notion Capital, P2P Equity Partners and Wonga founder Errol Damelin.

Distil Networks, a three-year-old, Arlington, Va.-based com pay whose cloud-based service protects from scraping and malicious bots, has raised $10 million in Series A funding led by Foundry Group and Bullet Time Ventures. Other participants in the round included ff Venture Capital, IDEA Fund Partners and Militello Capital. The company has raised $14 million to date.

Ecwid, a 5.5-year-old, Ulyanovsk, Russia-based e-commerce platform that helps small businesses create online stores, has raised $5 million in Series B funding led by iTech Capital, with participation from earlier investor Runa Capital.

Fundrise, a two-year-old, Washington, D.C.-based company that helps any resident (and not just accredited investors) invest in properties in their local market, has raised more than $31 million in its first round of funding led by Renren, the China-based social networking company. Other investors in the round include Collaborative Fund; L.A. developer Rising Realty Partners; the Ackman-Ziff Real Estate Group; executives of Silverstein Properties; and Richard Boyle, former chief of Loopnet, an online commercial real estate listing service.

Fyusion, a year-old, San Francisco-based stealth startup developing advanced 3D image processing technologies, has raised $3.35 million in funding led by New Enterprise Associates and UTEC, with participation from angel investors including Sun Microsystems co-founder Andreas Bechtolsheim and James Joaquin, the former CEO of Ofoto & Xoom.

Infinit, a two-year-old, Paris-based company whose app uses peer-to-peer technology to boost unlimited-size file sharing between two users, has raised $1.8 million in funding from Alven Capital and 360 Capital Partners. The company has raised $2.2 million altogether.

Jobaline, a 1.5-year-old, Kirkland, Wa.-based bilingual, digital marketplace for hourly jobs, has raised $7 million in Series B funding led by Trilogy Equity Partners. Founders Co-op, Madrona Venture Group and angel investors also participated in the round, which brings Jobaline’s total funding to roughly $11.3 million.

Lua Technologies, a three-year-old, New York-based mobile workplace collaboration software company, has raised a $7.5 million Series A funding round led by Abundance Partners. Individual investors Strauss Zelnick and Aaron Stone also participated in the round. The company has raised $10 million to date, shows Crunchbase.

Need, a 15-month-old, Dallas, Tex.-based online magazine and retailer for men “who hate to shop,” says TechCrunch, has raised $500,000 in seed funding from individual investors. The company has raised $615,000 altogether, shows Crunchbase.

Spark Therapeutics, a nine-month-old, Philadelphia, Pa.-based gene therapy company focused on helping people with rare, degenerative eye diseases, has raised $72.8 million in Series B funding led by Sofinnova Ventures. Brookside Capital, Deerfield, Rock Springs Capital, T. Rowe Price, Wellington Management, and two undisclosed dedicated health-care funds. The company’s total funding to date is $122.8 million. (The Children’s Hospital of Philadelphia, which spun out Spark last fall, committed $50 million to the venture at the time.)

SunFunder, a two-year-old, San Francisco-based crowdfunding platform for financing solar energy projects in rural villages, has raised a Series A round of undisclosed size led personally by investor Vinod Khosal, though as VentureWire notes, it recently filed paperwork showing it had raised $2.2 million of a $2.7 million round.

Thatgamecompany, an eight-year-old, L.A.-based video game development studio that has created three games for the Playstation Network, including an award-winning game called “Journey,” has raised $7 million in funding led by the China-based private equity firm Capital Today. Other participants in the round, which brings the company’s total funding to $12.5 million, include Benchmark Capital, Kleiner Perkins Caufield & Byers, and half a dozen other investors.

XCOR Aerospace, a 15-year-old, Mojave, Ca.-based maker of rocket-powered vehicles, propulsion systems and more, has raised $14.2 million in Series B funding led by Space Expedition Corporation of the Netherlands. The round also included many existing and new investors including board member Esther Dyson, Chicago Cubs co-owner Pete Ricketts, and numerous Silicon Valley entrepreneurs and early-stage investors.

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New Funds

San Francisco firm Mosaik Partners has held a $15 million close on its inaugural fund, reports VentureSource. Founding partner Miles Kilburn served as an EVP at Concord EFS, a payroll-processing company that merged with First Data in 2004. The firm’s other partner, Howard Mergelkamp, was a founding member of corporate ventures and advisory services at investment firm BlackRock. The firm’s LPs reportedly include investors from the payments and financial industries.

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IPOs

The IPO market is working as it should – for now, at least, argues PandoDaily.

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Exits

AngioScore, an 11-year-old, Fremont, Ca.-based company that makes scoring balloon catheters to treat cardiovascular and peripheral artery diseases, is being acquired for $230 million in cash and stock by medical device maker Spectranetics Corp. AngioScore had raised at least $30 million from investors, including Telegraph Hill Partners, Psilos Group,QuestMark Partners, Pelion Venture Partners, California Technology Ventures, and Innomed Ventures. In 2011, the company also raised $11 million from Saints Capital in San Francisco (though StrictlyVC doesn’t know if those were primary or secondary shares).

Asia Pacific Telecom, the Taiwanese mobile telecom operator, is selling itself to Apple’s supplier Foxconn Technology Group for a reported $390 million; the latter reportedly wants to expand its presence in Taiwan’s fledgling 4G telecoms market. Reuters has more here.

AtheroMed, a 7.5-year-old, Menlo Park, Ca.-based company that develops treatments for peripheral arterial disease, including an FDA-approved atherectomy catheter system, is being acquired for $115 million by Volcano Corp., a publicly traded company best known for its imaging technology. AtheroMed had raised at least $37.7 million from investors, shows Crunchbase, including US Venture Partners, Canaan Partners, The Vertical Group, and Kaiser Permanente Ventures.

Graphicly, a 4.5-year-old, Palo Alto, Ca.-based company whose online platform automates the self-publishing process by helping authors and publishers distribute and promote their digital content across various e-book marketplaces, is being acquired by its peer, Blurb, an indie book and magazine publishing platform. The move, says TechCrunch, is an acqui-hire. Graphicly had raised $10 million from investors, includingVenture51, 500 Startups, Dundee Venture Capital, Mercury Fund,Ecosystem Ventures, Techstars, and Northstar Ventures.

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People

Investor Marc Andreessen talks with Fast Company about his love of Twitter (among other things). Says Andreessen: “I’m an introvert when it comes to face-to-face conversations. But something that lets you talk to 83,000 people while you’re wearing your boxer shorts and drinking a glass of Scotch? What could be better?”

Venture capitalist Brad Feld thinks VCs should recycle their management fees. He explains why here.

Reputation.com founder Michael Fertik goes to astonishing lengths to burnish his online image in this mockumentary, which has some very funny moments. (Mike Judge, take note.)

Paul Hsiao has joined Canvas Venture Fund, the early-stage venture capital firm that spun out of Morgenthaler Ventures last year, as a general partner and founding managing member. Hsiao joins the firm from New Enterprise Associates, where he spent the last decade, focusing mostly on enterprise software and marketplace companies.

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Job Listings

ORIX Corporate Capital is looking for someone at the principal level to lead its venture lending practice in Washington, D.C. The 13-year-old company provides senior and subordinated loans to mid-and-late stage venture-backed companies.

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Happenings

All kinds of interesting news is emerging from this week’s Re/code conference, and it’s barely gotten underway. (If you aren’t there, you can stay up to date on Twitter via the hashtag #codecon.)

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Data

CB Insights looks at which venture capital firms have the strongest mobile portfolio based on ITunes App Store rankings. Check out its findings here.

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Essential Reads

Google has finally built its own car from scratch. And it looks like a gondola with wheels.

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Detours

Is Thomas Piketty’s math wrong?

Manhattan’s Billionaires’ Row is spreading south.

Team building for the self-employed!

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Retail Therapy

Thirty-seven things to do this summer in the Bay Area. (A great list worth bookmarking. Written for men, but notwithstanding some questionable advice about summer shoes and haircuts, useful for everyone.)

Good morning! Apparently, yesterday’s email was routed into some of your spam boxes. If you missed our interview with the savvy CEO of Ozon (Russia’s Amazon), here it is.

Also, apologies for not running a column this morning. Yesterday was busier than usual. StrictlyVC has also been steeling herself for an end-of-the-school-year field trip with hundreds of children today. (If the newsletter isn’t in your inbox on Tuesday, please send help.)

Wishing you a wonderful Memorial Day weekend!

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Top News in the A.M.

Alibaba is considering making an investment in the advertising technology firm AppNexus, according to The Information.

Google is closing in on a $1 billion deal for Skybox Imaging, a satellite company that specializes in recording very detailed landscape pictures and video, says TechCrunch.

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New Fundings

Assurex Health, a 7.5-year-old, Mason, Oh.-based company whose tests help clinicians to determine the best drugs for patients with chronic medical conditions, has raised $32 million, including $7 million in equity fromCincyTech, Cincinnati Children’s Hospital Medical Center and Cincinnati-based Allos Ventures, and a $25 million loan from Silicon Valley Bank. The company has now raised $73.1 million altogether, shows Crunchbase.

BitLit Media, a 1.5-year-old, Vancouver-based company whose app allows users to purchase an ebook of a print book they own, has raised an undisclosed amount of seed funding from BDC Capital; Three Angels Capital, a venture fund started by the founder of e-book company Kobo; and unnamed angel investors.

Brandwatch, a 6.5-year-old, Brighton, England-based social media analytics company, has raised $22 million in new funding led by Highland Capital Partners Europe. Earlier investor Nauta Capital also participated in the round, which brings Bandwatch’s total funding to $28 million.

Clariture Health, a nine-month-old, Nashville, Tn.-based health-care marketing service, has raised $1 million in seed funding from the Nashville investment firm The Martin Cos.

Dejero Labs, a 5.5-year-old, Kitchener, Ontario-based next-generation broadcast technology company, has raised $4.5 million from the Toronto-based investment firm Best Funds.

DoorDash, a year-old, Palo Alto, Ca.-based on-demand food-delivery startup with ambitions to evolve beyond food, has raised a $17.3 million Series A round led by Sequoia Capital. Earlier investors Khosla Ventures, Charles River Ventures, Pejman Mar Ventures, and Ted Zagat also participated in the financing, which brings DoorDash’s total funding to $19.7 million. TechCrunch has more here.

Factorli, a new, Las Vegas-based hardware incubator that looks to rival Highway1 in its ambitions to become a go-to place for hardware startups needing help in launching, has raised $10 million in Series A funding from the Vegas Tech Fund and Zappos CEO Tony Hsieh. Factorli was founded by Jen McCabe, who has been running the day-to-day operations of the Vegas Tech Fund and who previously worked at the Hsieh-backed consumer robotics startup Romotive.

Fanatix, a 2.5-year-old, U.K.-based mobile-first sports social network, has raised $500,000 in new angel financing ahead of a planned Series A round of funding in the fourth quarter of this year reports Forbes. The company has so far raised $3.5 million altogether.

Filament Labs, a year-old, Austin, Tx.-based patient-engagement platform, has raised $1 million in seed funding led by Mercury Fund.

iRhythm Technologies, a 7.5-year-old, San Francisco-based company that makes a lightweight heart monitor that can be worn continuously for weeks, has raised $17 million in Series E round funding led byNovo A/S. Earlier investor Norwest Venture Partners also participated in the funding, which brings the total capital raised by the company to roughly $122 million, shows Crunchbase.

Yoyo Holdings, a year-old, London-based company behind a mobile payment and customer-loyalty app, has raised $5 million in seed funding led by Imperial Innovations. Firestartr and a number of angel investors filled out the rest of the round.

Malauzai Software, a four-year-old, Austin, Tx.-based maker of mobile banking apps that are designed expressly for the customers of community financial institutions, has raised $6.48 million in Series C funding led by Wellington Management Company. Malauzai has raised $11.8 million altogether.

Nurix, a five-year-old, San Francisco-based company that develops small molecule inhibitors to treat degenerative diseases, has raised $25.1 million from earlier investors Column Group and Third Rock Ventures. The company has raised roughly $28 million to date.

Revolights, a 2.5-year-old, Emeryville, Ca.-bmaker of “smart” ring-shaped LEDs that attach to a bicycle’s wheels to lighten a rider’s path and make the bike more visible at night, has raised $1 million in Series A co-led bySierra Angels and Sacramento Angels. The round includes a $300,000 commitment that Revolights snagged from Robert Herjavec of Herjavec Group after appearing on the show “Shark Tank.”

Skyonic, a nine-year-old, Austin-based developer of carbon-capture technologies, has raised $12.5 million in funding from the energy deliver company Enbridge and previous backer ConocoPhilips. Skyonic has raised $187 million altogether to date, including from BP Ventures, Northwater Capital, Energy Technology Ventures, BlueCap Partners, and Cenovus Energy.

TheFamily, a year-old, Paris-based accelerator designed to support nascent technology companies, has raised $1 million from Index Venturesand angel investors.

TVTY, a 4.5-year-old, Paris-based company whose software tools help advertisers time their campaigns based on what’s happening on TV, has raised $4.5 million from Partech Ventures, 360 Capital Partners and business angels. The company has raised $6.8 million altogether.

Uber, the nearly five-year-old, San Francisco-based company whose mobile app makes it easy to connect with a driver for hire, is talking with investors about a round of roughly $500 million that could value the company at more than $12 billion, reports the WSJ. Possible investors, says the report, include BlackRock, General Atlantic, Technology Crossover Ventures, and hedge funds. Uber has so far raised roughly $300 million from investors.

Venus Concept, a 4.5-year-old, Toronto-based company that sells aesthetic medical devices for skin tightening and cellulite reduction, has raised $10 million from Longitude Capital.

Vive Unique, a 2.5-year-old, London-based booking site for handpicked home rentals around the world (it also handles insurance, property management, housekeeping, etc.) has raised roughly $5.9 million from Smedvig Capital.

WholeWorldBand, a 5.5-year-old company whose music platform and mobile app combines audio and video to create a virtual studio where musicians can connect and complete unfinished tracks, has raised $8.4 million in Series A funding led by Balderton Capital and International Investment & Underwriting (IIU).

Ximalaya, a 1.5-year-old, Shanghai-based podcast sharing service, has raised $11.5 million in Series A funding from Kleiner Perkins Caufield & Byers, SIG Asia Investment and Sierra Ventures, reports TechNode.

New Fundings

Highland Capital Partners Europe has closed its debut fund, hitting its hard cap of 250 million euros. TechCrunch has all the details here. Fergal Mullen, a veteran of Highland Capital Partners in the U.S., launched the European business in 2007.

Legend Capital, the 13-year-old, Beijing-based independent venture arm of the Chinese conglomerate Legend Holdings, has raised a new, $500 million fund in less than six months, reports VentureSource. Legend is part of a broader upswing in fundraising for China-based firms, notes the report, with China-based firms raising $1.07 billion in the first quarter — up 35 percent from the first quarter of 2013.

The Sapling Fund, a new, Columbus, Oh.-based early-stage venture firm, announced yesterday that it has launched a $50 million fund, led by two general partners (Abe Nixon and Jon Puz) and a venture advisor (Chris Payton), all of whom had previously cofounded an earlier business called Karma Capital, a separate investment and advisory firm. The firm says it intends to “leveraging relationships from Silicon Valley, to Harvard Business School, to Wall Street” to make smart investments in promising startups.

——

IPOs

JD.com shares rose 10 percent in their debut yesterday after pricing the year’s third-largest U.S. initial public offering. The strong support indicates renewed interest in Internet stocks and China e-commerce firms in particular, suggests Investors Business Daily.

—–

Exits

Get Maid, a two-year-old, New York-based home cleaning service, has been acquired by Homejoy, a nearly two-year-old, San Francisco-based home cleaning company. Terms of the deal aren’t being disclosed, but in December, Homejoy had raised $38 million in Series B funding from Google Ventures, Redpoint Ventures, and First Round Capital, among others. GetMaid had raised $500,000 through an accelerator and angel investors.

Springpad, a 5.5-year-old, Charlestown, Ma.-based company that makes a productivity app, is planning to close its doors, reports The Verge. The company, whose momentum was dwarfed by the success of break-out companies like Evernote, has raised more than $7 million from investors, including Fairhaven Capital Partners.

—–

People

Ethan Beard, the former Facebook and Google executive, has joined the board of Parchment, an 11-year-old, Scottsdale, Az.-based company that digitally delivers transcripts and other academic credentials and has raised roughly $45 million from investors. Beard is currently an EIR at Greylock Partners (which is not a Parchment investor).

Venture capitalist Fred Destin talks with the WSJ about returning to London as Accel‘s newest partner — and how he plans to get up to speed on the scene. “The only way in which you prepare is to go meet tens or hundreds of people,” says Destin. “I’m planning to hit London and Berlin hard. That’s my strategy: Coffee shops and entrepreneurs.”

Charles Hudson, a partner at SoftTech VC, tells Xconomy that things are a little different, now that SoftTech is managing an $85 million fund, up from its second, $55 million fund. ““We had companies in 2010 that come in our office, they need $500,000, they need a little bit more help on the prototype. It’s early. [In those days,] we probably would have written that check and supported that company. Now I tell them, what you really should do is get $500,000 in angel money, build that prototype, make some progress, and then come back to us when you’re looking to raise that $1.5 million to $2 million seed round.”

Norm Meritt has joined the New York City startup ShopKeep as co-CEO, according to the WSJ. Jason Richelson, the company’s founder and CEO, said that after six years of running the company, which sells customer care and point-of-sales technology to retailers (so they can operate more like Apple stores), he needed help in scaling the company. Meritt comes to ShopKeep from iQor, a business process outsourcing services company that he joined in 2003 and where he was appointed CEO in 2012.

Naveen Selvadurai, who cofounded Foursquare and left in 2012 in what he has characterized as a “surprise” ouster, is joining Expa, the startup studio created by Uber and StumbleUpon founder Garrett Camp. Selvadurai will run the New York operations for the organization, which is cofounding companies and investing $500,000 and $1 million in each for a 20 percent stake. You can learn much more here.

Wen Tan, a partner at fund of funds FLAG Capital Management, says LPs’ views on Asia have changed noticeably over the last five years. “In the immediate aftermath of the global financial crisis, Asia was seen as a bulwark against the broader global downturn. In reality, if you look at median Asia Pacific private equity returns over the past decade, total value to paid-in [capital] has generally been no better than the U.S. and Europe. A small subset of sophisticated limited partners is recognizing that one needs a relatively concentrated portfolio of outperformers rather than having a broad portfolio of ‘index’ private equity funds.”

In case you missed it, the Winklevoss twins have a new gig, as satellite radio hosts for what’s being characterizes as a “short-term” SiriusXM radio program titled, yes, “Winklevoss Radio.” Salon has more here. According to a blog post written by Cameron Winklevoss, the show will focus on high-tech and feature an long list of high-wattage guests, including Virgin Group’s Richard Branson, “Silicon Valley” creator Mike Judge, and Joe Lonsdale of Formation 8. The first show aired yesterday.

—–

Job Listings

MHS Capital in San Francisco is looking for an associate. (Led by Mark Sugarman, the fund was nearing a final close on a $75 million fund as of a few weeks ago.)

—–

Happenings

Street Fight (Summit West). It’s coming.

—–

Data

With password security top of mind — especially after eBay’s warnings to users on Wednesday to change their passwords — Datafox decided to map out the enterprise password management landscape to find the providers it thinks will be around 20 years from now. (Click the graphic to enlarge.)

New numbers released by the firm Canalys earlier this week show Fitbit devices accounted for nearly 50 percent of the world’s 2.7 million wearable band shipments in the first quarter of 2014.

—–

Essential Reads

The trouble with IBM.

Forget net neutrality; what about Amazon neutrality?

—–

Detours

At the Fire Lab in Missoula, Montana, researchers are finding that fire is a mysterious phenomenon, and the physics behind it is often counterintuitive.

Is work your happy place?

A friendly reminder to wear sunscreen.

—–

Retail Therapy

The Osmo gaming platform. It’ll make you feel like a slightly less terrible parent.

—–

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Happy Thursday morning, everyone!

—–

Top News in the A.M.

Facebook announced today that it is changing a privacy setting for new users, making their “friends” the default audience for all posts, rather than the general public.

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With $150 Million in Fresh Funding, Can the Amazon of Russia Deliver?

Dipping into a flourless cake at a French bistro in San Francisco, Maelle Gavet has reason to be in a celebratory mood. The French-born CEO of Ozon, considered the Amazon of Russia, has in the last few weeks sealed up $150 million in fresh backing from investors — money that helped Ozon secure a minority stake last week in LitRes, the leader in Russia’s small but fast-growing e-book market.

The achievements aren’t minor for the company, which Gavet has been leading for the last three years, after a Boston Consulting Group job led her to it. Founded in 1998 as an online bookstore, Ozon had barely issued a press release about its first $3 million round, from the Moscow-based PE firm Baring Vostock, when the dot.com industry imploded. Over the next decade, the company churned through employees, including CEOs, managing to survive but barely until Index Ventures stepped in to lead an $18 million round in the company in 2007. It gave Ozon a needed lifeline. But Ozon has really begun to click on Gavet’s watch.

Gavet’s biggest, and likely smartest, gamble to date has been to invest heavily in Ozon’s own private shipping company, O-Courier, which is making it possible not only for Ozon to fulfill its orders but also to serve as a back-end provider for a growing number of third parties that now rely on its increasingly sophisticated logistics network to deliver their own goods.

She has also been pouring resources into other subsidiaries, including a travel business, Ozon.travel; a shoe business à la Zappos called Sapato.ru; and Ozon Solutions, which offers turnkey solutions to brands that want to sell online but don’t want to pull together retail storefronts themselves.

Ozon, which employs 2,300, is far from profitable because of how much it’s investing in growth. But with roughly half of Russia’s 140 million inhabitants now online, and 20 percent of those 70 million shopping online, the company’s efforts are beginning to pay off. Last year, revenue hit $750 million, up from roughly $500 million in 2012 (which was itself up from $165 million in 2010).

Of course, Ozon still has its share of obstacles, some of which must seem insurmountable to American investors, who passed on Ozon’s newest round of funding. Ozon’s newest backers instead are Sistema and Mobile TeleSystems, two of Russia’s largest publicly traded holding companies, which invested in Ozon last month at a $700 million valuation. (They now own a 20 percent stake in the business.)

Not only are there the obvious geographic, cultural, and economic challenges to navigate (enormous country, terrible roads, cash culture, fewer people than Nigeria and a relatively tiny urban elite with money to spend), but business is utterly entangled with politics, too.

There’s the Ukranian crisis, for one thing, a situation that Gavet says has impacted Ozon indirectly but meaningfully. First, the Russian ruble devalued fairly quickly, making its import contracts far more expensive. Worried banks proceeded to cut customers’ credit lines, and “with retailers everywhere,” notes Gavet, “a lot of your working capital is through credit lines with the banks.” Soon, some European and American investors who Ozon had been talking with about its fundraising “stopped returning our calls,” Gavet tells me with a shrug.

There’s also the little problem of Pavel Durov, the country’s most visible Internet founder, who just fled the country because of the Kremlin’s steady inroads into the ownership of his company, VKontakte, Russia’s leading social network. How could investors not worry that some oligarch will steal her company, too, I ask her over lunch.

“If you look at Yandex [the Russia-based search engine that went public in 2011 on Nasdaq], it’s doing fine,” she says. The Russian Internet company Mail.ru., which went public on the London Stock Exchange in 2010, “is also doing fine. You have a lot of American investors in both of these companies,” she adds, noting that Ozon’s earlier shareholders include some U.S. investors, as well, including Cisco and Intel. (Ozon has raised $271 million altogether, including a $100 million round led by Japan’s Rakuten in 2011.)

“You can always [hypothesize] over whether the government is going to be interested at some point. But if you look at the facts, there is no issue,” she says. “I do think there are industries that are considered to be strategic by any government; I’m not sure that online retail has ever been one of them,” she adds with a laugh.

New Fundings

Drizly, a two-year-old, Cherborn, Ma.-based on-demand alcohol delivery company, has raised $2.5 million in fresh funding led by earlier investor Continental Investors. Vayner RSE, Suffolk Equity, and other previous investors also participated. The company has raised $7.3 million altogether, including from Atlas Venture, Fairhaven Capital Partners,Reynolds & Company Venture Partners, Breakaway Ventures, and many individual investors.

Evergage, a 3.5-year-old, Somerville, Ma.-based software platform whose detailed analytics help its companies better engage with customers, has raised $4 million in Series A funding led by G20 Ventures. Other, earlier investors to participated included Point Judith Capital and Advanced Technology Ventures. Evergage, which has raised roughly $6.3 million altogether, was originally called Apptegic.

Load DynamiX, a 6.5-year-old, Santa Clara, C.-based maker of testing and analytics products for data centers, has raised $12 million in financing led by HighBar Partners. Founded as SwiftTest, the company, renamed HighBar last year, has raised $19.3 million altogether, including from Core Capital Partners, Miramar Venture Partners, Benhamou Global Ventures, Kinetic Ventures, and Azure Capital Partners.

Lysogene, a 4.5-year-old, Paris-based biotech company focused on intracerebral gene therapy aimed at treating neuro-degenerative diseases, has raised 16.5 million euros ($22.6 million) in Series A funding led by earlier investor Sofinnova Partners. Bpifrance and Novo Seeds also participated in the round.

Mimosa Networks, a two-year-old, Campbell, Ca.-based company that builds outdoor gigabit wireless platforms, has raised $20 million in Series C funding led by earlier investor New Enterprise Associates. Another earlier investor, Oak Investment Partners, also participated in the round, which brings the company’s total funding to $38 million.

Roli, a five-year-old, London-based whose new kind of musical instrument, the Seaboard Grand, reimagines the piano, has raised $12.8 million in Series A funding led by Balderton Capital. Other participants in the funding included FirstMark Capital, Index Ventures and Universal Music. The WSJ has more on the company and its oddly compelling product here.

SimpliSafe, a 7.5-year-old, Cambridge, Ma.-based company that makes a portable, wireless home security system, has raised $57 million in funding from Sequoia Capital after what TechCrunch had last month described as an intense bidding war. The company was started by HBS graduates Chad and Eleanor Laurans after several of their friends’ homes were robbed.

Smartling, a five-year-old, New York-based translation technology company, has raised $25 million in Series D funding led by Iconiq Capital Partners. The company has now raised roughly $63 million from investors, including Tenaya Capital, Harmony Partners, Venrock, U.S. Venture Partners, IDG Ventures, First Round Capital and Felicis Ventures.

Storehouse, a year-old, San Franciso-based company behind a visual storytelling app, has raised $7 million in Series A funding led by
Sherpa Ventures. Earlier seed investors True Ventures, Lerer Ventures,Designer Fund and unnamed angel investors also participated in the round. The WSJ has more on the company here.

Treasury Intelligence Solutions, a 4.5-year-old, Walldorf, Germany-based cloud-based international payment service, has raised 4 million euros ($5.4 million) in Series B financing led by new investor Zobito. Target Partners also participated.

X.ai, a new, New York City-based company that has built and maintains an artificial intelligence-powered personal assistant, has raised $2.1 million in seed funding led by IA Ventures, Softbank VC and Lerer Ventures.

—–

IPOs

JD.com, the Beijing-based e-commerce company, priced its shares at $19 yesterday, higher than its initially proposed range of $16 to $18 per share. The pricing reflects a big appetite for tapping China’s growth, but a miscalculation could impact Alibaba’s impending IPO, notes TechCrunch.

—–

Exits

Intelligent Healthcare, a 24-year-old, Santa Monica, Ca.-based SaaS company that provides patient data integration and analysis services to physician groups, hospitals and health plans, has been acquired by 15-year-old ZirMed of Louisville, Ky., which makes revenue cycle management software. Terms of the deal weren’t disclosed. Intelligent Healthcare doesn’t appear to have outside investors. ZirMed is backed by Sequoia Capital, which first provided the company with an undisclosed amount of funding in 2010.

It’s official. India’s online fashion retailer Myntra has been acquired by India’s biggest e-commerce company, Flipkart, for an undisclosed amount that various outlets are pegging at roughly $300 million.

ThreatGRID, a four-year-old, New York-based malware analysis and sandboxing technology company, is being acquired by Cisco for undisclosed terms. ThreatGrid had raised an undisclosed amount of funding from In-Q-Tel, the investment arm of the CIA, and individual investors. You can find more on the deal here.

—–

People

Investor Marc Andreessen talks with the Washington Post, including about the many businesses bitcoin has the potential to disrupt: “Digital stocks. Digital equities. Digital fundraising for companies. Digital bonds. Digital contracts, digital keys, digital title, who owns what — digital title to your house, to your car. . . And if I sell you my car, automatically you get title, and you get the key that lets you operate the car, and it’s all digital, and it’s all unique, and it can’t be cracked. You’ve got digital voting, digital contracts, digital signatures. You’ve got unique pieces of digital content. If you guys wanted to know exactly who had every piece of content you ever made, you can track that. It’s this long list.”

Venture capitalist Fred Destin, who left Boston-based Atlas Venture recently after a decade with the firm, is now a London-based partner atAccel Partners.

Cisco’s longtime “chief futurist” Dave Evans has left to launch a stealth startup.

E-commerce company Fab is laying off up to 90 New York-based employees today in a fourth wave of layoffs reports Re/code. The move shrinks Fab’s global staff to 200, down from roughly 700 at its peak.

Speaking of Atlas Venture, Dave Grayzel is now a partner on its life sciences investing team. Since 2010, Grayzel has been a managing director for the Atlas Venture Development Corp., which focuses on acquiring drug assets and partnering with pharmaceutical companies to commercialize them. Grayzel had spent the previous eight years as a VP at Infinity Pharmaceuticals.

Palmer Luckey and the company he cofounded, Oculus VR, are being sued by Zenimax Media and its subsidiary id Software, where Oculus VR chief technical officer John Carmack once worked. The claim: that they stole and misappropriated “trade secrets relating to virtual reality technology” dating back to Carmack’s employment at id Software. The immediate response: “There is not a line of Zenimax code or any of its technology in any Oculus products.”

Venture capitalist Emily Melton has rejoined DFJ as a partner. Melton began her career in VC as an analyst at DFJ in 2000. In 2009, she left the firm as a partner to join Mayfield Fund, where she stayed just two years, turning to angel investing and advising part-time and, in 2013, working as a venture partner for U.S. Venture Partners for roughly six months. Melton focuses on consumer and mobile technology, healthcare technologies and marketplaces.

—–

Data

In the first quarter of 2014, Apple reportedly accounted for the largest share of smartphones for three of the top four U.S. mobile carriers: 52 percent at AT&T, 51 percent at Verizon Wireless, and 36 percent at Sprint, while taking the second place spot behind Samsung on the more value-oriented T-Mobile/Metro PCS with 24 percent. More here.

—–

Essential Reads

“Someone out there likes anonymous money,” reports Wired. “In only a month, the little-known bitcoin alternative known as Darkcoin has rocketed nearly tenfold in value–from around 75 cents a coin to almost seven dollars. Its selling point: Darkcoin offers far greater anonymity than bitcoin, mixing up users’ transactions so that it’s incredibly difficult to trace a payment to a person.”

—–

Detours

Best commencement speeches ever, via Huckberry.

Food service jobs of the tech industry’s rich and famous.

A new Bentley video that was shot, somewhat amazingly, on an iPhone 5S, and edited on an iPad Air — inside a Bentley.

Heather Havrilesky on how to write.

—–

Retail Therapy

A 3D machine that makes pancakes, people.

—–

To sign up for StrictlyVC, click here. To advertise, click here.

Happy Wednesday morning, everyone!

—–

Top News in the A.M.

Yay? Beginning in September, companies can begin testing their autonomous vehicles on public roads, the California DMV announced yesterday.

Ebay is telling users this morning to change their passwords.

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VC Brian Hirsch: New York is Just Fine, Thank You

Brian Hirsch founded the New York-based venture arm of Greenhill & Co., then, in 2011, Tribeca Venture Partners, which is managing a $65 million debut fund. Hirsch knows the New York tech scene, in other words, and he’s a little exasperated by recent reports that it isn’t all it’s cracked up to be. Yesterday, we chatted by phone about what he’s seeing in the trenches.

We’ve been discussing differences between what’s happening in New York and the Bay Area. One burgeoning trend out here, apparently, are rounds where one investor tries writing a check for an entire seed round, instead of pulling in a handful of co-investors. Have you seen this happening in New York?

I’m not seeing it . . .but I’ve heard of things like that happening, mostly [involving] larger funds that want more control. I do wonder if there have been more learnings by those involved in party rounds about the increased competition at the table when it’s time to do [the startup’s] follow-on funding. [These new efforts] could also be tied to ownership. Smart investors are starting to understand that you can have a lot of great companies in your portfolio, but if you own one percent of [each], it may not move the needle. It’s still too early to know if these seed-only funds really [produce returns]; the challenge of the model is that you wind up owning more of your worst companies and less of your good ones.

You’ve backed 15 companies at the Series A level with your new fund. Have Series A rounds begun to balloon to Series B size, as in the Bay Area?

No. There’s just a lot more capital there and funds tend to be larger and much more competitive than here. If you’re looking to raise a Series A round here, there are just five to 10 funds that you’re going to go to that consistently lead or co-lead Series A rounds.

For good deals [locally], there’s always some competition, but we’ve put out 18 term sheets since [founding Tribeca] and we have 17 of those companies in, or about to be in, our portfolio. The one [outlier] was a situation where another fund was 70 percent higher in valuation, and even in that case, the investor invited us into the round, and we chose not to do it. We haven’t been blown out of a deal.

This is purely anecdotal, but I hear less about West Coast VCs canvassing New York. What’s your experience been like this year? Are you seeing the same level of enthusiasm from those investors?

They’re here. Accel and NEA opened offices and they do occasional investments here. But the power center is Silicon Valley, and when 95 percent of your time is spent in one market and 5 percent in another, it’s hard to make an impact. You really have to be living in a community to be networked. Most – if not all – of the out-of-state funds haven’t hired someone who has been active in the market here for 15 to 20 years because there aren’t that many, and those who do have that background have opened our own firms. [None of us] wants to be part of a West Coast firm that decides New York is great today but might change its mind in five years.

Tech investor Chris Dixon, who long lived in New York and now lives primarily in California has reportedly said of New York that it’s about applying, not inventing, new technologies at this stage in its evolution as a tech hub. Do you agree?

I think if you drink enough of the water, this Silicon Valley stance somehow becomes ingrained. I do agree that some really hard-core tech — storage networking technologies and semiconductors — might [remain West Coast industries], but with software – and that’s where 90 percent of the value will be in venture capital over the next 50 years — there’s no advantage between that market and this market, which is why every year, the gap between New York and Silicon Valley shrinks further.

New Fundings

AfterShip, a 2.5-year-old Hong Kong-based company whose shipment tracking app helps online retailers track shipments and send out delivery notifications, has raised $1 million in Series A funding from IDG-Accel China Fund, reports Tech in Asia. The funding comes almost two years after it received a seed round from the Australian online service providerBusiness Switch.

Autopilot, a three-year-old, San Francisco-based marketing automation platform (formerly known as Bislr), has raised $10 million in Series B funding led by Rembrandt Venture Partners. Other participants in the round included Southern Cross Venture Partners, Blackbird, and individual investors Tim Draper and Terry and Katrina Garnett.

Captora, a 1.5-year-old, Mountain View, Ca.-based marketing automation startup, has raised $22 million in Series B funding led by New Enterprise Associates. Earlier investor Bain Capital Ventures also participated in the round, which brings Captora’s total funding to $27.3 million, shows Crunchbase.

Chumbak Design Private, a three-year-old, Bangalore-based retailer known Chumbak, has received an undisclosed amount of Series B funding from Matrix Partners India reports the Hindu Business Line. The company’s earlier seed investor, Seedfund India, also participated in the round, says the outlet. Chumbak sells “India inspired” merchandise through its own kiosks and stores in Mumbai, New Delhi, Chennai, Bangalore, Hyderabad and Pune. It also sells goods online.

Clarizen, a nine-year-old, San Mateo, Ca.-based work collaboration and project management platform, has raised a new, $35 million, round of funding led by Goldman Sachs. Clarizen’s earlier investors also participated in the funding. The company has now raised $90 million altogether, including from Opus Capital, Benchmark Capital, Balderton Capital, Carmel Ventures, and DAG Ventures.

DataPad, a year-old, San Francisco-based visual data analytics company that’s targeting small business customers and individuals, has raised $1.7 million, including from Accel Partners, Google Ventures, Andreessen Horowitz, SV Angel, Ludlow Ventures, and angel investors.

FutureAdvisor, a 3.5-year-old, San Francisco-based registered investment advisory firm that affordably manages its users’ existing investment accounts using algorithms, has raised $15.5 million in Series B funding led by Canvas Venture Fund. Sequoia Capital, which provided the company with $5 million in Series A funding in 2012, also participated in the round. Rebecca Lynn of Canvas, who StrictlyVC profiled yesterday, has taken a board seat. (FutureAdvisor “has a better strategy” than competitors that ask customers to liquidate their assets and open brand-new accounts. The company “also has more traction,” she says. The WSJ has more here.)

HouseCall, a year-old San Diego-based company whose site and mobile app connects users to contractors, has raised $1.5 million in seed financing led by the real estate investment firm Canter Companies. The company has now raised $3 million altogether, including from e.ventures.

Housekeep, an eight-month-old, London-based housekeeping booking service, has raised $1 million in funding led by Pentland Group. TechCrunch has more on the very crowded space it’s entering here.

Indiegogo, the six-year-old, San Francisco-based crowdfunding platform, has raised a new, undisclosed amount of funding from some high-wattage investors, including billionaire Richard Branson, PayPal co-founder Max Levchin, Yahoo board chairman Maynard Webb, longtime investor Tim Draper, and Dawn Lepore, the former CEO of Drugstore.com (and long an executive with Charles Schwab before that). The round follows $56.5 million in previous funding for Indiegogo, whose investors include Insight Venture Partners, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, MHS Capital, Metamorphic Ventures, and ff Venture Capital.

iSnap, a four-year-old, Sacramento, Ca.-based company that makes networked photo stations, has raised $1 million in Series A funding led by a group of unnamed individual investors from California and Europe.

Mango Health, a two-year-old, San Francisco-based company whose free mobile apps and enterprise software platform aim to entice people to take better care of their health, including by providing them with medication reminders, has raised $5.25 million in Series A funding from Kleiner Perkins Caufield & Byers. The round brings the company’s total funding to roughly $8.3 million. The company’s previous investors include Floodgate Fund, First Round Capital, Baseline Ventures, Bullpen Capital and angel investors.

MBA & Company, a nearly five-year-old, London-based project delivery platform that matches a “highly skilled and flexible workforce” with clients needing help, has raised $1.3 million in new funding from earlier investor MMC Ventures, reports the U.K. outlet Growth Business. Last year, MMC led a separate, $1.3 million round in the company, joined by Piton Capital and Cabides.

Powerhouse Dynamics, a 6.5-year-old, Newton, Ma.-based maker of monitoring management systems, has raised $6 million in Series B funding led by Point Judith Capital and Constellation Technology Ventures. Earlier investors SOSventures and Vision Ridge Capital also participated in the round, which brings the company’s total funding to roughly $11 million.

Snapdeal, the four-year-old, New Delhi-based Indian e-commerce site, has raised $100 million in a new funding round that that values the company at roughly $1 billion, according to WSJ sources. Investors in the financing include Temasek Holdings and BlackRock. With its new capital infusion, Snapdeal has raised roughly $350 million, including a $134 million round closed just in February from eBay, Bessemer Venture Partners, Intel Capital, Nexus Venture Partners, Saama Capital and Kalaari Capital.

Thumbtack, a 5.5-year-old, San Francisco-based online marketplace that matches users with local service professionals based on quotes they provide, has raised $30 million in Series C funding from Sequoia Capital and Tiger Global Management, says TechCrunch. The company has raised $48.2 million altogether, shows Crunchbase, including from Javelin Venture Partners, MHS Capital, and numerous individual investors such as Tim Draper, Hadi Partovi, and Cyan and Scott Banister.

Tradesy, a 4.5-year-old, Santa Monica, Ca.-based company whose online platform invites people to buy and sell new and gently used clothing, shoes and accessories, has raised $13 million in Series B funding led by Kleiner Perkins Caufield & Byers. Other investors in the round include Richard Branson, Rincon Venture Partners, Riverwood Capital, and Northgate Capital. Tradesy has raised $14.5 million to date, including from 500 Startups and Bee Partners.

VUV Analytics, a 4.5-year-old, Lakeway, Tx.-based company that develops vacuum ultraviolet optical technologies for use in the life and environmental sciences, has raised $5.8 million in Series A funding led by S3 Ventures of Austin.

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New Funds

The Irish government has unveiled a roughly $290 million venture capital fund for investing in Ireland-based life-sciences companies. Lightstone Ventures is partnering with Enterprise Ireland and the National Pension Reserve Fund to manage the fund. You can learn more here.

Project 11 Ventures, a Cambridge, Ma.-based seed and early stage investment firm that manages the TechStars Boston investment program, is looking to raise up to $30 million for a new fund, shows an SEC filing. According to the filing, the first sale has yet to occur. The three executives listed on the Form D are Robert Mason, Reed Sturtevant, and Katherine Rae.

Recruit Holdings of Tokyo has formed a 4.5 billion yen fund dedicated to corporate venture capital investments outside of Japan. VentureWire has more here.

River Cities Capital Funds, a Cincinnati-based growth equity firm focused on both healthcare and IT, has raised a $200 million fund — the largest in its history and the “biggest fund in Cincinnati this millennium,” reports the Cincinnati Business Courier. The firm raised its last fund, a $120 million pool of capital, in 2007.

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IPOs

Amphastar Pharmaceuticals, an 18-year-old, Rancho Cucamonga, Ca.-based specialty and generic pharmaceuticals company that makes injectable and inhalable treatments, has filed to raise $100 million. Its biggest shareholders include Applied Physics & Chemistry Laboratories, which owns 19.7 percent of the company, and Coller Capital, which owns 8.7 percent.

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Exits

BioProtein A/S, based in Stavanger, Norway, is being acquired by Calysta Energy, a three-year-old, Menlo Park, Ca.-based developer of natural gas conversion technology using methane for high value chemicals and fuels. Calysta has raised $8 million to date, including from Pangaea Ventures. Terms of the acquisition weren’t disclosed.

Bubbli, a four-year-old, Bay Area-based 3D photo stitching technology startup, has been acquired by Dropbox. Terms of the deal haven’t been disclosed, but the LinkedIn page of cofounder Ben Newhouse now lists him as employed by Dropbox’s “Ministry of Magic.” Bubbli had raised $2 million from August Capital.

Nimbic, a 7.5-year-old, Mountain View, Ca.-based electromagnetic simulation technology company that can accurately calculate complex electromagnetic fields, is being acquired by publicly traded Mentor Graphics to strengthen Mentor’s chip-package-board simulation portfolio. Terms of the acquisition weren’t disclosed. Nimbic has raised at least $11.5 million from investors, including WRF Capital, Austral Capital, and Madrona Venture Group.

Renesys, a 14-year-old, Hanover, N.H.-based Internet traffic monitoring company, has been acquired by Dyn, another Internet performance service company, for an undisclosed amount. Renesys doesn’t look to have raised venture capital; Dyn has raised at least $38 million, including from North Bridge Venture Partners.

SeeWhy, an 11-year-old, Boston-based real-time behavioral marketing company that optimizes website visitors’ paths to purchase, has been acquired by the German software company SAP for undisclosed terms. SeeWhy had raised at least $16 million, shows Crunchbase, including from Delta Partners, Scottish Investment Bank, Logispring, and Pentech Ventures.

Remember that yesterday, we mentioned that Twitter was considering buying the German music-streaming service SoundCloud? Right, well, not anymore, never mind.

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People

Smart, Uber. Yesterday, the New York Times reported that Ashwini Chhabra, deputy commissioner of New York City Taxi and Limousine Commission, is becoming Uber’s first head of policy development and community engagement.

Raanan Bar-Cohen, long a senior VP of Automattic (parent of the WordPress blogging platform) is leaving the company to become a venture capitalist, he announced yesterday in a blog post. Writing of his “seven incredible, fun, and rewarding years at Automattic,” Bar-Cohen said that he’s now off to become a general partner at Resolute Ventures, the early-stage venture fund founded by Mike Hirschland. (Last Friday, we told you about Resolute’s plans to raise a new, $40 million fund.) The two have known each other for close to a decade, said Bar-Cohen, adding that Hirschland, formerly with Polaris Partners, also sat on the board of Automattic for many years.

Dan Lyons, the former Newsweek writer and author of the hugely popular Fake Steve Jobs blog, will be helping to write the second season of HBO’s new comedy series “Silicon Valley,” reports Valleywag.

Kleiner Perkins Caufield & Byers has hired Scott Ryles as chief operating officer, reports Fortune. You can learn more here.

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Job Listings

Singularity University is looking for a managing partner. In February, the Silicon Valley think tank unveiled plans to raise a $50 million fund, fundraising for which was slated to begin in the second quarter of this year.

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Essential Reads

A lawsuit filed yesterday against Google accuses the tech titan of engaging in widespread fraud by canceling AdSense accounts just before they were due to pay out. It’s seeking class action status.

Fifteen-year-old Nathan Han has developed a machine-learning software tool to identify cancer threats from BRCA1 gene mutations and according to Intel, it has an accuracy rate of 81 percent.

A new report out of San Francisco’s Human Services Agency finds that in numerous ways, San Francisco has more extreme income inequality than some developing nations, including in sub-Saharan Africa.

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Detours

How cold weather affects your brain.

The Guardians, a photographic project by Vladimir Antaki.

Neil Degrasse Tyson’s best tweets.

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Retail Therapy

The world’s most expensive donut.

The world’s most expensive Rolex.

Be the first one to fly past the Rosewood in one of these babies.

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Good Tuesday morning, dear readers!

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Top News in the A.M.

U.S. authorities have just opened a new front in their investigation into bitcoin exchanges and other businesses that deal in the online currency, says the WSJ.

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Rebecca Lynn on the Power of Second Movers

In venture capital, there’s a lot of talk about “first-mover advantage.” Too much, says Rebecca Lynn, a general partner at Canvas Venture Fund (which spun out of Morgenthaler Ventures last year).

“If you look at my portfolio, I’m usually not [backing] the first company with an idea,” Lynn observes. “I let that company break its pick and [zero in on] the second mover, the one that figures out the model when the market is ready for it.”

Even though Lynn is a chemical engineer with both an MBA and JD from UC Berkeley, she doesn’t fit the conventional VC mold. For starters, neither of her parents went to school. Raised in a farming town in Missouri, Lynn learned computer programming beginning in third grade as part of her small school’s program for gifted students.

Though Lynn has led just seven deals, she has assembled an impressive portfolio, including what could be a career-making bet on the online lending marketplace LendingClub. Her key criteria is whether she could imagine herself working at the company.

Lynn’s approach clearly resonates with entrepreneurs. In fact, over dinner in 2009 to discuss the LendingClub’s Series B round, founder Renaud Laplanche told Lynn’s colleague, Gary Little, that he would accept Morgenthaler’s term sheet only if Little gave Lynn — then a principal — Morgenthaler’s board seat. “To Gary’s credit,” she says, “he didn’t do what a lot of VCs might have, which is spend the next half hour convincing Renaud why it should be him. He just said, ‘Of course she’ll be on your board.’”

Here’s a bit more from our conversation yesterday afternoon:

You’ve had a lot of careers, a product, you half-kiddingly say, of having ADD. You’ve been a nuclear engineer, worked in new product development all over the world for Proctor & Gamble, and been a marketing VP for NextCard, one of the first online credit card issuers. What haven’t you done that you wanted?

I always wanted to start a [tech] company. I ran the business plan competition at [the Haas School of Business at Berkeley] with the idea of meeting people at the school and starting something, but I ended up meeting the guys at Morgenthaler at one of those events. Even [after joining the firm], I thought, I can meet people to add to my team or get them to fund me or pick whatever company [seeking funding] is most interesting and join them. . . After that dinner with Renaud, I thought, “Now I’m in venture.”

How would you describe your pacing right now, given that Canvas closed a $175 million fund last fall?

I’m funding a couple of companies a year. Because the angel environment has been so hot in recent years and you can now invest in so many Series A or B deals, the bar is pretty high, which is hard because there are so many interesting companies coming up, it’s difficult not to do more.

You’ve been a VC for five or six years now. Have you established that elusive “pattern recognition” that VCs say they develop over time?

When we were spinning out Canvas, they put us through this test that determined that I’m half intuitive and half analytical, and I’d say the same is true of venture. You can get through the analysis: Is this a big market, is this company going to disintermediate an offline business, is this a CEO with a chip on his or her shoulder? These are all things you look for. But the biggest piece is the intuitive piece, which is hard to verbalize but I do think gives women a leg up in venture. With every one of my investments, I’ve had a thesis, I’ve mapped out the space, and said, “This is the company I want to bet on.”

You bring up gender. You think it’s an advantage, being a woman in this field?

I do. I think women overall are pretty good investors and that this intuitive piece is an interesting string to pull on. Some industry stats have said that women make up 11 percent of venture firms, but that’s bullsh_t. If you subtract out Cisco and Intel and focus on the people at firms who are leading at least a deal a year, that number drops to 3 percent, the same percentage of female-led startups that raise venture funding. It’s pretty interesting how closely the two mirror each other.

New Fundings

ALung Technologies, a 17-year-old, Pittsburgh, Pa.-based maker of medical devices that treat acute and chronic respiratory disorders, has raised $10 million in new funding from an undisclosed group of investors. ALung is a spin-out of the University of Pittsburgh. It has raised at least $72.5 million to date, shows Crunchbase.

Centrify, a 10-year-old, Sunnyvale, Ca.-based maker of identity management and “single sign-on” software, has raised $42 million in funding, including from Samsung Ventures, Fortinet, and Docomo Capital. The company has raised at least $94 million to date, shows Crunchbase.

Coherus BioSciences, a four-year-old, Redwood City, Ca.-based biologics company focused on the treatment of oncology and inflammatory diseases, has raised $55 million in Series C funding from KKR, Venrock, RA Capital Management, Rock Springs Capital and Fidelity Biosciences, along with earlier investors Sofinnova Ventures, Lilly Ventures and Vivo Capital. Coherus has now raised more than $220 million from equity and non-dilutive licensing fees and milestones, it says.

Context Relevant, a two-year-old, Seattle-based company that sells prepackaged applications intended to solve specific, data-related business problems, has raised $21 million in Series B funding led by Formation 8. Earlier investors Madrona Venture Group, Bloomberg Beta, Vulcan Capital, and numerous Seattle-area angels also joined in the round, as well as one of the largest banks and one of the largest insurance companies in the U.S. (neither of which is being publicly disclosed). The round brings the company’s total funding to date to $28 million.

Earnest, a year-old, San Francisco-based company that provides small loans to individuals based on their earning potential rather than their credit history, has raised $15 million in funding from Andreessen Horowitz,Atlas Venture and Maveron. Cofounder Louis Beryl was a former quant options trader at Morgan Stanley and Lehman Brothers who was hired as a partner at Andreessen Horowitz in 2012.

G2 Crowd, a two-year-old, Chicago-based online platform for user reviews of business software, has raised $2.3 million in seed funding from Chicago Ventures; Hyde Park Venture Partners; G2 Crowd co-founders Godard Abel and Matt Gorniak, who provided the initial seed financing; and numerous other angel investors. The company has raised $4.3 million million to date, shows Crunchbase.

Jibe, a four-year-old, New York-based SaaS company that aims to simplify the process of applying for a job from a smartphone or tablet, has raised $20 million in Series C funding led by SAP Ventures. The funding boosts the company’s total capital raised to $37 million. Others of its investors include Longworth Venture Partners, Lerer Ventures, DFJ, Gotham Ventures, Thrive Capital, Polaris Partners, Zelkova Ventures, andSilicon Valley Bank.

LuckyFish Games, a two-year-old, Ramat Gan, Israel-based maker of casino-like social games for mobile devices and social networks, has raised $1.6 million in Series A funding from Carmel Ventures.

Niche, a 10-month-old, New York and San Francisco-based network for social media creators and the brands that want to engage with them, has raised $2.5 million in seed funding led by SoftTech VC. Other investors in the round included Lerer Ventures, Box Group, Advancit Capital, SV Angel, Kevin Colleran, William Morris Endeavor, and Gary Vaynerchuk.

NoWait, a 3.5-year-old, Pittsburgh, Pa.-based company whose wait list app and seating tool enables restaurants to notify patrons via text when their table is ready, has just raised $10 million in funding led by Drive Capital. The company, which says its app is being used by more than 1,000 restaurants in North America, has raised $15.5 million altogether, including from Birchmere Ventures, Carnegie Mellon University, Open Field Entrepreneurs Fund, Innovation Works and Sand Hill Angels.

Sumo Logic, a four-year-old, Redwood City, Ca.-based log management and analytics company, has raised $30 million in new funding led by Sequoia Capital. Earlier investors Greylock Partners, Sutter Hill Ventures and Accel Partners also participated in the round, which brings the company’s total funding to $80.5 million.

Survios, a year-old, L.A.-based virtual-reality company focused on gaming applications, has raised $4 million in funding led by Shasta Ventures. Other investors include Michael Chang of Mavent Partners, Gen Isayama of World Innovation Lab, and Renata Quintini of Felicis Ventures.

Tamr, a year-old, Cambridge, Ma.-based big-data startup founded by entrepreneur Andy Palmer and MIT professor Michael Stonebraker, has raised $16 million in funding led by Google Ventures and New Enterprise Associates. Tamr says it can root out meaningful enterprise data from (and for) its business customers in days or weeks versus months or quarters.

Tripping, a 3.5-year-old, San Francisco-based metasearch platform for travelers to access and book vacation and rental homes, has raised between $5 million and $10 million in Series A funding led by Recruit Holdings and Quest Venture Partners, sources tell Business Insider. The company had raised $1 million in seed funding previously.

Yummy77, a year-old, Shanghai, China-based food delivery site, has raised $20 million in funding from Amazon, reports TechNode. It’s reportedly the first time Amazon has invested in a Chinese company since entering the Chinese market ten years ago.

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New Funds

Bain Capital Ventures is looking to raise $625 million for its latest fund, Bain Capital Venture Partners 2014, according to marketing documents viewed by Bloomberg News. Bain Capital Ventures invests in infrastructure software, health-care technology, as well as consumer-focused companies, including those in e-commerce. Bain Capital started a dedicated venture arm in 2000 and the unit raised its first fund the following year. For the latest fund, says Bloomberg, the firm will charge a 2.5 percent management fee and take a 25 percent cut of profits. Bain Capital Ventures closed its last fund, a $601 million pool of capital, in 2012. (If you’re interested in learning more, StrictlyVC profiled the firm in November.)

Insight Venture Partners has closed a $510 million vehicle called Insight Venture Partners Coinvestment Fund III, which it established to invest alongside Insight Venture Partners VIII, closed with $2.57 billion in May 2013.

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IPOs

Ardelyx, a 6.5-year-old, Fremont, Ca.-based company at work on therapeutics that treat cardio-renal, gastrointestinal and metabolic diseases, has filed for IPO. Some of its biggest shareholders include New Enterprise Associates, which owns 45.89 of the company; CMEA, which owns 28.72 percent; and Amgen Ventures, which owns 6.03 percent.

GoPro, the 11-year-old, San Mateo, Ca.-based maker of wearable cameras that have become popular with professional athletes, has publicly revealed its paperwork for an initial public offering of stock. The San Jose Mercury News has a solid overview of what the filing shows here.

Kite Pharma, a 4.5-year-old, Santa Monica-based company that is developing cancer immunotherapies, has filed for an IPO. The company’s principal shareholders include the Israel-based venture capital firm Pontifax Ventures, which owns 8.5 percent of the company, and Alta Partners, which owns 8.3 percent.

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Exits

Assembly Pharmaceuticals, a two-year-old, Lucerne Valley, Ca.-based biopharmaceutical company that’s been developing drugs to treat chronic hepatitis B virus infection, is being acquired by publicly traded Ventrus Biosciences in an all-stock transaction. Ventrus will issue approximately 23 million shares of common stock to the Assembly’s venture stockholders, which include BioCrossroads, JJDC, Twilight Ventures, and Luson Bioventures. Ventrus’s stock was trading at less than $1 yesterday.

Cognea, an Australian-founded startup that makes virtual assistants for enterprise customers, has been acquired by IBM’s Watson group. Morehere.

Divide, a mobile-device-management startup, is being acquired by Google for an undisclosed amount. The idea is to help the Internet giant’s Android business reach more business customers. Divide, formerly called Enterproid, has raised $25 million from investors, including Google Ventures, Comcast Ventures, Qualcomm Ventures, Globespan Capital Partners and Harmony Partners.

Twitter is considering a deal to acquire SoundCloud, the 6.5-year-old, Berlin-based music and audio-sharing company, according to Re/code’s sources.

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People

New York City Mayor Bill de Blasio kicked off the Internet Week New York festival yesterday by announcing a $10 million “tech talent pipeline” that aims to train thousands of New Yorkers for high-tech jobs. Funded over three years from city, state, federal and private sector investors, including JP Morgan Chase, the initiative will put New York on the path to becoming “undoubtedly one of the great tech hubs of the entire world,” he said.

Shruti Gandhi, who spent the last two years as a principal at Samsung Ventures, has joined True Ventures as a investor. She announced the move on the online identity site About.me (a True Ventures portfolio company).

Lu Guanqiu, the Chinese billionaire who bought Fisker Automotive Holdings at a bankruptcy auction, is now planning to take on Tesla Motors in both the U.S. and in China with his own electric vehicles. “I’ll burn as much cash as it takes to succeed, or until [my holding company] Wanxiang goes bust,” he tells Bloomberg.

Tom Perkins the cofounder of Kleiner Perkins Caufield & Byers, is in the headlines again, this time for providing $2.5 million to UC San Francisco to endow a professorship in oncology research, reports the San Francisco Business Times. Perkins lost his first wife, Gerd Thune-Ellefsen, to cancer in 1994, UCSF said yesterday in a statement about the gift.

Sten Tamkivi, long a general manager at Skype, and Andreessen Horowitz general partner Balaji Srinivasan, have formed a still-stealth startup called Teleport that’s beginning to raise the curtain, slowly. (Tamkivi spent the last 10 months working as an entrepreneur in residence at Andreesseen Horowiz.) TechCrunch has more here.

The Winklevoss twins, who’ve become major-league bitcoin boosters, tell The Guardian that bitcoin will be bigger than Facebook. “Bitcoin potentially could be more impactful because being able to donate 50 cents to someone across the world has more impact than potentially sharing a picture,” says Tyler Winklevoss. “But they’re very different. . .”

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Job Listings

New York University’s seed-stage venture capital fund, Innovation Venture Fund, is looking for an associate.

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Essential Reads

Why tech’s best minds are very worried about the so-called Internet of Things.

Venture capitalist Ron Conway‘s tech alliance, SF.citi, is going to start sending people from its 900-member companies to volunteer in San Francisco’s 116 public schools, and the companies sound legitimately excited about it. “I suspected that our team would receive the program well, but even I was surprised by how excited everyone is that we’re doing this,” Steve Sarner, vice president of marketing for the social-network company Tagged, tells the San Francisco Chronicle. “We had over 40 of our 180 employees volunteer right off the bat – asking to participate versus having me have to ask.”

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Detours

Every rooftop bar in New York City worth knowing about, just in time for summer. (H/T: Shai Goldman)

Jordan Belfort, “The Wolf of Wall Street,” told conference goers in Dubai yesterday that he expects to make more money this year than he “ever made in my best year as a broker . . . My goal is to make north of $100 million so I am paying back everyone this year.”

Ira Glass doesn’t know or care who edits the New York Times.

“Last Week Tonight with John Oliver” has an hilarious take on the new European law that would allow people to erase themselves from Internet search engines.

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Retail Therapy

AgLocal. Pasture-raised meats for that Memorial Day cookout. (H/T: InsideHook.)

A beer foamer for people, plainly, who do not drink beer.

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Hey, good morning! Last Friday was not April 24th, as you likely know. (Apologies.)

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Top News in the A.M.

The FBI and police in several countries have arrested more than 100 people in a global crackdown on hackers linked to the malicious software called Blackshades. As CNN reports, the years-long investigation centered one of the most popular tools used by cybercriminals to hijack computers around the world, malware that can be used to hijack computers remotely and turn on webcams, access hard drives and capture keystrokes to steal passwords.

In honor of the Rubik’s Cube’s 40th anniversary, Google is featuring a playable version of the toy today. Have at it.

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Battery Ventures and Venrock Back 6Sense with $12 Million

A lot of bets are being made these days on the thesis that most enterprise products don’t make users’ lives easier or help them do their jobs better. “I doubt you could find a single sales rep who really enjoys using Salesforce,” says Roger Lee, a general partner of Battery Ventures. “What a [customer-relationship management] product should do is tell you which leads are likely to close this quarter, what products they’ll buy, how much they’ll spend, and whether they’re candidates for upsell opportunities.”

Lee — who likens Salesforce’s offering to “basically a filing cabinet” — is putting his money where his mouth is with 6Sense, a year-old, 15-person company that helps enterprise customers like Cisco and Pure Storage to determine an account’s overall propensity to buy, help them predict where their prospects are in the buying cycle, and surface new prospects. In fact, this morning, 6Sense is announcing a $12 million Series A round led by Battery and Venrock. I talked with its CEO and cofounder, Amanda Kahlow, late last week to learn more.

You say you figured out the market fit for 6Sense at your last company – a Web analytics consultancy – but had to figure out the technology piece.

A lot of really smart technical founders build [a technology] in search of a business case. We were the opposite. We were a business case looking for a platform. Thankfully, at one meeting with a venture firm, a firm’s CTO [pointed me to] GrepData, a [big data analytics startup that went through the Y Combinator incubator program in late 2012], and when we came together, it was a match made in heaven. I couldn’t be blessed with a better technical cofounder [than GrepData cofounder Premal Shah].

You have lots of competition. How do you differentiate 6Sense from the many other startups doing predictive analytics?

We live in a world where people leave behind a digital footprint, and in the consumer world, that helps companies like Amazon know what you want, likely before you know you want it. But in the [business-to-business] world, [no one has yet] solved the problem because of the complexity and irregularity of the data coming in. What everyone else is doing right now is asking: Is this the profile of the right buyer? But they aren’t asking: Is she going to buy now? Our magic is in taking time-sensitive data [and combining it with unstructured data, like activity on thousands of B2B publishers sites] along with [structured] behavioral data to create a behavioral catalogue to make sense of data across the Web.

Why isn’t Salesforce doing what you do?

The focus of companies like Salesforce has been around the efficiencies of workflow. Which email should you send next? How do you manage the buyer’s process? I do think Salesforce will want to do [what we’re doing], but it’s not trivial. It isn’t something a smart engineer can do tomorrow.

This is your second company. You started your first about a dozen years ago, soon after you’d graduated from college. Why not work for someone else?

I come from a family of entrepreneurs. My dad has been a lifelong entrepreneur, trying to make a go of different software technologies. One of my brothers runs an [e-learning company]; another brother runs a company in the B2B marketing space. [I credit] our dad’s entrepreneurial spirit. We also have a mom who told all of us — almost ad nauseam [laughs] — that we could be anything we wanted to be.

New Fundings

ActualMeds, a 4.5-year-old, East Hartford, Conn.-based company whose Web-based platforms facilitate patient data collection and automate the coordination of care for patients with chronic diseases, has raised $400,000 from Connecticut Innovations and Vineyard Point Associates.

BetterCloud, a 2.5-year-old, New York-based company that develops enterprise-level security and management products built for the Google Apps platform, has raised $8.6 million in venture capital, according to anSEC filing. The company has now raised roughly $22 million altogether, including from Bear Creek Capital, Tribeca Venture Partners, BLH Venture Partners, Flybridge Capital Partners, and Greycroft Partners.

CrowdSystems, a young, Moscow-based maker of retail analytics tools that rely on crowdsourced, smartphone user data, has raised a $1 million Series A round led by InVenture Partners based in Moscow. The company had previously raised an undisclosed amount of seed funding from Moscow Seed Fund.

Dashlane, a 4.5-year-old, New York-based company behind a password manager and secure digital wallet app, has raised $22 million in Series B funding led by Bessemer Venture Partners. Earlier investors also participated in the round, including Rho Ventures, FirstMark Capital, and Bernard Liautaud, who founded the enterprise software company Business Objects and is a general partner at Balderton Capital. Liautaud had co-founded Dashlane as a project he brought to his alma mater, Ecole Centrale de Paris.

e-Go aeroplanes, a three-year-old, Cambridge, England-based maker of lightweight carbon fiber aeroplanes, has raised $1.6 million in Series B funding led by Angel CoFund, the SyndicateRoom (a crowdfunding platform), and a group of new and existing angel investors.

Epidemic Sound, a 4.5-year-old, Stockholm, Sweden-based production music library, has raised $5 million in Series A funding from Creandum. TechCrunch has more on the company here.

Gelesis, a 7.5-year-old, Boston-based biotech developing a pill that’s designed to curb hunger in obese and diabetic patients, has raised $12 million in fresh funding. The capital came from its founder, the venture creation company PureTech, along with the Pritzker/Vlock family office and several unnamed angel investors. The company has raised more than $42 million to date.

Incentive, a 5.5-year-old company headquartered in Malmo, Sweden and L.A., has raised $2.3 million in funding from unnamed private investors. The company manages a private social intranet service for small- and medium-sized businesses.

Kymab, a 4.5-year-old, Cambridge, England-based monoclonal antibody biopharmaceutical company, has raised $40 million in Series B funding from the Bill & Melinda Gates Foundation, along with the Wellcome Trust, an earlier investor. Both parties invested $20 million, says Kymab, which has garnered roughly $70 million to date.

Olset, a 1.5-year-old, San Francisco-based hotel-booking service for business users, has raised $1.1 million in seed funding led by Montage Ventures, with Digital Garage, 500 Startups, Plug & Play Tech Ventures, XG Ventures, Principle Innovation, Merced Partners, and a number of angels also participating in the round, according to TechCrunch.

Proteon Therapeutics, a 13-year-old, Waltham, Ma.-based company focused on renal and vascular diseases, has raised $45 million in Series D funding led by Abingworth, with participation by Deerfield Management and Pharmstandard International S.A. Earlier investors also participated in the round, including TVM Capital, Prism VentureWorks, Skyline Ventures, Intersouth Partners, MPM Capital,Devon Park Bioventures, Bessemer Venture Partners, and the Vectis Healthcare and Life Sciences Fund. The company has raised roughly $125 million to date.

Sansan, a 6.5-year-old, Tokyo-based contact-management service that hosts structured data (like business cards) in the cloud, has raised $14 million in funding led by DCM. Other participants in the round included the Innovation Network Corporation of Japan, Nikkei Digital Media, Energy and Environment Investment, and GMO Venture Partners.

Timeful, a year-old, Mountain View, Ca.-based still-stealth startup focused on intelligent time management, has raised $6.8 million in Series A funding led by Khosla Ventures. Other participants in the round included Kleiner Perkins Caufield & Byers, Greylock Partners, Data Collective, Pitango Venture Capital, and A-Grade Investments, among others. More on why the company has captured investors’ interest here.

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New Funds

Looks like New York has a new life sciences venture firm on the scene. According to an SEC filing, Azimuth Ventures, founded by Milena Adamian, is looking to raised $75 million for a debut fund, the first sale of which has yet to occur, shows the filing. Adamian, a cardiologist by training, has been in New York since 2010, when she transferred from a San Francisco outpost of the life sciences firm Easton Capital to its New York headquarters. Soon after, Adamian founded the Life Sciences Angel Network, where she remains executive director. Earlier in her career, Adamian worked in interventional cardiology at Lenox Hill Hospital in New York; she later joined Boston Scientific as an associate medical director, then Lehman Brothers as an analyst beginning in 2005. Azimuth has made at least one investment to date, in Owlet, maker of a “smart” baby sock that’s embedded with sensors to measure an infant’s heart rate. The company raised $1.85 million in funding last month.

Last November, we told you about Blade, a new, Boston-based “startup foundry” that had raised almost $20 million from undisclosed funding sources and which is being managed by Paul English, the co-founder and chief technology officer of Kayak Software (sold to Priceline.com in May for roughly $1.8 billion). Late last week, English revealed more about the outfit, saying Blade’s funding comes from Accel Partners andGeneral Catalyst Partners, both of which were Kayak investors. TechCrunch has more here.

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IPOs

Shares of Jumei, the China-based online cosmetics retailer, rose roughly 29 percent in their market debut on Friday, valuing the Chinese online cosmetics retailer at about $4 billion. Sequoia Capital, which invested more than $10 million in Jumei in 2011, owned 19 percent of the company before its IPO; its stake is now 16.5 percent.

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Exits

DirecTV, the satellite TV operator, is being acquired by AT&T for $48.5 billion. Dealbook has much more on what deal means here.

Twitch, a 2.5-year-old, San Francisco-based site for broadcasting and watching video game play, is being acquired by Google’s YouTube for $1 billion in cash, reports Variety. If completed the acquisition would be the most significant in the history of YouTube, notes the outlet. It’d be pretty significant for Twitch investors, too. Among those firms that have funded the company with $35 million are Bessemer Venture Partners, Alsop Louie Partners, WestSummit Capital, Take-Two Interactive Software, and Thrive Capital. Perhaps most impressive: the exit would mark another huge win for serial entrepreneur Justin Kan, who launched Twitch with cofounder Emmett Shear in 2011. In 2012, SocialCam, a separate video startup that Kan cofounded in 2011, was acquired by Autodesk for $60 million.

Quest Visual, a 4.5-year-old, San Francisco-based company that’s best known for its augmented reality app Word Lens Translator, has been acquired by Google for an undisclosed amount. Quest Visual doesn’t appear to have raised (or, at least, disclosed) outside funding.

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People

The 100 most influential tech-focused women on Twitter.

Dr. Dre isn’t the only rapper who will make money in a sale of Beats Electronics to Apple. Will.i.am also has an ownership stake in the electronics company, and played a key role in its success by “marketing the hell out of the brand,” reports Fortune.

Diapers.com cofounder Marc Lore is talking with investors about raising funds for a new, mobile-first e-commerce startup, according to numerous press reports, with Re/code sources telling the outlet that Lore is interested in raising as much as $50 million to get his new company off the ground.

Forerunner Ventures founder Kirsten Green is profiled in PandoDaily, which notes Green’s unconventional rise in the world of venture capital. “It’s hard to find others who have invested early in this many big hits and avoided nearly all the [e-commerce] mega-disasters,” says the report. “To wit: Andreessen Horowitz invested in Fab and ShoeDazzle. Accel invested in Bonobos and Birchbox, but also invested in Beachmint. And Jeremy Liew of Lightspeed Venture Partners invested in Bonobos and Honest, but he also was on the board during ShoeDazzle’s Kardashian-studded, high profile, and mostly self-inflicted implosion. Of course, more failures than hits is the nature of the venture business. But there issomething special about Kirsten Green.”

Massimo Marchiori could have been one of the wealthiest Silicon Valley billionaires. Instead, he’s a $3,000 per-month computer-science professor and mathematician at University of Padua, Italy. Bloomberg tells his story here.

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Job Listings

LinkedIn is looking for a business development manager, mobile. The job is in Mountain View, Ca.

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Happenings

The Internet Week New York festival kicks off today. Get more information, including a schedule of events, here.

Re/code’s Code conference is coming up May 27th through the 29th. Tickets are already sold out for the event, being held in Rancho Palos Verdes, but you can put yourself on a waitlist here.

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Data

The first quarter of 2014 was very kind to entrepreneurs, shows a new venture capital survey of 156 tech and life sciences companies from the law firm Fenwick & West. According to respondents, just 8 percent of financings in the first three quarters were down rounds, while 16 percent were flat and 76 percent were up rounds — and boy, were they up. According to Fenwick’s survey, the average percentage change in the share price of startups funded during the first quarter compared with the share price of their previous financing round was 85 percent. More here.

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Essential Reads

Facebook insiders and executives have cashed out $7.2 billion since the company’s May 2012 IPO. Bloomberg breaks out who has made what from share sales here.

“The business plan of InsideAtlas is somewhat unorthodox: It will measure and store your building’s magnetic fingerprint in its computing cloud. Keeping it private, however, will cost $99 a month, per building.”

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Detours

Things Parisians do that stun New Yorkers — and vice versa.

Why airplane food has become so bad.

“It’s not just a goal. It’s much more than that. It’s the whole story.”

Feminist humblebrags.

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Retail Therapy

A case that looks like a dead Japanese crustacean and 12 other insane options for your iPhone.

Skylock. It does everything but send birthday reminders.

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Happy Friday, everyone, hope you have a terrific weekend!

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Top News in the A.M.

Despite all the hand-wringing statements about net neutrality, tech actually had a pretty good day in D.C. yesterday, argues Re/code.

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VC Josh Felser: Small Steps Can Have An Impact

This week, a new study found that tropical cyclones worldwide are moving out of the tropics and more toward populations of people, especially in the Northern Hemisphere. It’s the kind of news about which we should be more aware, and concerned. But in the land of social media, it commanded about as much attention as a new software update from Blackberry — which is to say it went largely unnoticed.

Josh Felser isn’t okay with that. Which explains why the successful entrepreneur turned venture capitalist is trying to change the conversation through #climate, a new nonprofit that has enticed a small but growing number of people to download its app.

Here’s how the process works, loosely: The months-old organization researches and produces information on hundreds of climate-oriented nonprofits. It then produces shareable “actions” based on users’ interests. If I were predominately focused on the Amazon rainforest, for example, I might be pointed to the Rainforest Trust organization, along with a tweetable link about saving the cotton-top tamarin. My Facebook friends or Twitter followers could then click on that link to learn more about why these small primates are endangered and, hopefully, donate to Rainforest Trust.

It’s a tall order, of course — getting people to use the app, as well as ensuring the prompts are so compelling that social media users, despite their short attention spans, take the time to click on them.

Felser argues that he had to start somewhere. “You can’t look at this as a viral media app,” he told me during a chat last week. “Getting people to focus or take action on a negative [like global warming] is hard. But we know that in the last three weeks, we’ve driven 35,000 unique visitors to various nonprofits’ sites. That’s hard to do and I feel really good about it.” (Asked if his team can track how many donations have resulted from those visits, he says the technology exists, but that getting nonprofits to change their code is “a bit of a challenge.”)

So far, certain sports and entertainment figures have had the most impact on social media, including the band Gun N’ Roses, which has been asking fans to help save the Amazon, and the NBA, which has been promoting green initiatives and sustainability.

Felser would like to see many more of his colleagues in tech take an interest, though. Tweets of congratulation on his efforts have been nice, he suggests, but as far as he’s concerned, the Silicon Valley startup community needs to get more visibly involved in amplifying the work of climate organizations.

“We’ve created climate change and we have to fix it or it will destroy us,” says Felser, alluding to drought in the Middle East and Africa and rising sea levels that are putting people at risk in coastal regions like eastern India and and the Mekong Delta in Vietnam. “It makes poverty worse, it makes malaria worse, it makes everything worse.”

Felser says not everyone has to get behind climate change, though he thinks they should. Eventually, his organization will broaden its mandate to include many other causes.

Either way, he persuasively argues that the tech industry is missing an easy opportunity to be helpful. “I’m not sure that people in tech understand the impact they can have, with their knowledge, expertise, and reach. All are underutilized resources. They’re so passionate about entrepreneurship and tech that many forget the substantial impact they could have on the world if only they’d apply [themselves] to a cause.”

New Fundings

Compare Metrics, a 1.5-year-old, Austin, Tx.-based analytics software company that aims to help retailers boost shopper engagement, has raised $3.8 million in funding led by earlier investor Austin Ventures. Other participants in the round included Capital Factory, Julie Allegro of Allegro Venture Partners, Bob Greene of Contour Ventures, Mike Maples of Floodgate, and Brett Hurt of Hurt Family Investments. The company has raised $8 million to date.

Giphy, a year-old, New York-based search engine for GIFs, has raised $2.4 million in Series A funding led by Betaworks, with participation from Lerer Ventures, RRE Ventures, and CAA Ventures. Giphy, which was launched by Betaworks last year, raised $1 million from the company at the outset; it plans to top off its new round with another $100,000 via Alphaworks, a new crowdfunding platform that was also created at Betaworks.

Inspire Medical Systems, a seven-year-old, Maple Grove, Mn.-based company behind an implantable stimulation device that treats sleep apnea, has raised $40 million in Series E funding led by OrbiMed. Other new investors in the round include the Johnson & Johnson Development Corporation and Aperture Venture Partners. Earlier investors Kleiner Perkins Caufield & Byers, US Venture Partners, Synergy Life Science Partners, Medtronic, GDN Holdings and TGap Ventures also participated in the funding.

Innometrics, a four-year-old, Stockholm, Sweden-based company that makes cloud-based marketing and sales software, has raised $5 million in Series A funding led by SEB Venture Capital. Earlier investor Fortunator Invest, a Stockholm-based investment firm that focuses on e-commerce opportunities, also participated, along with unnamed angel investors.

Keystone Heart, a 10-year-old, Caesarea, Israel-based medical device company focused on protecting the brain from emboli during heart surgery, has raised $14 million in Series B funding led by OrbiMed.

MediaV, a 4.5-year-old, Shanghai-based Chinese developer of online marketing analytics and tracking technologies, has become a subsidiary of the Chinese Internet giant Qihoo 360 Technology Co. According to reports, Qihoo bought a majority stake in the company for more than $100 million. The WSJ has more on what the move means here.

Odoo, a nine-year-old, Belgium-based open-source software company with enterprise resource planning features and more (the company used to be named OpenERP), has raised $10 million in new funding. Investors in the round include the French venture firms XAnge and Soffinova Partners, and the Beligum firm SRIW Belgium.

OpenGov, a two-year-old, Mountain View, Ca.-based company that helps cities and other local governments move their financial data into the cloud, has raised $15 million in Series B funding led by Andreessen Horowitz, with participation from earlier investors Thrive Capital andFormation 8. According to Crunchbase, OpenGov has raised about $22 million to date.

Pinterest, the 5.5-year-old, San Francisco-based scrapbooking website, has raised $200 million in new funding led by SV Angel (TechCrunch is reporting). Other previous investors to participate in the round included Bessemer Venture Partners, Fidelity, Andreessen Horowitz and Valiant Capital Partners. As notes the WSJ, Pinterest’s valuation has risen 32 percent since seven months ago, when the company raised $225 million at a valuation of $3.8 billion. The unprofitable company has raised a total of $764 million in funding to date.

Posiq, a four-year-old, San Jose, Ca.-based company that develops restaurant customer-relationship management software, has raised $3.2 million in Series A funding from Thayer Ventures, SVG Partners and angel investors.

Sinch, a new, Stockholm-based communications platform that enables mobile developers to add voice and messaging to their apps, has raised $12 million from Rebtel, “Sweden’s smaller answer to Skype,” says TechCrunch. The company — which was, in fact, spun out of Rebtel — also counts Index Ventures and Balderton Capital as backers.

Soldsie, a two-year-old, San Francisco-based social commerce platform, has raised $4 million in Series A funding led by First Round Capital, with participation from SoftTechVC, Lerer Ventures, Correlation Ventures,Great Oaks Ventures, e.Ventures, 500 Startups, and angel investors. The company has raised $5.6 million altogether.

Sorbent Therapeutics, a nine-year-old, Sunnyvale, Ca.-based biopharmaceutical company developing therapies for cardiovascular and renal diseases, has raised a $6.5 million tranche in a $15 million Series D financing. Existing investors CMEA Capital, ARCH Venture Partners,Sofinnova Ventures, AgeChem and Novartis Venture Funds participated in the round, which has brought the company’s current funding to at least $90 million, shows Crunchbase.

StepOne, a three-year-old, Austin, Tx.-based company whose self-service system lets consumers solve their tech problems online, has raised $4 million in Series A funding co-led by earlier investor LiveOak Venture Partners and new investor Silverton Partners. Last summer, StepOne raised an undisclosed amount of seed funding from LiveOak.

Terra Motors, a four-year-old, Tokyo, Japan-based electric vehicle maker, has raised $10 million Fenox Venture Capital and the Japanese venture capital Mizuho Capital Co. led the round. Other investors included Shinsei Bank, SMBC Venture Capital Co., and Aizawa Securities Co., all of which are based in Tokyo.

Uber Technologies, the five-year-old, San Francisco-based logistics company, is in talks to raise new financing in a round that may value it at more than $10 billion, according to Bloomberg sources. The valuation would be nearly triple the valuation Uber commanded a year ago when it raised $258 million.

Urban Engines, a two-year-old, Los Altos, Ca.-based company that uses spatial analytics and behavioral economics to alleviate urban congestion and shorten commutes, has raised an undisclosed amount of funding from Google Ventures, Eric Schmidt, Ram Shriram, A16Z and SV Angel. TechCrunch has more here.

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New Funds

Expansive Ventures, a new venture capital firm, is looking to raise roughly $100 million, reports the WSJ. Its founders are Adeo Ressi, head of the entrepreneur-training program Founder Institute, and Jon Soberg, a former managing director of Blumberg Capital. The pair plan to invest up to $2 million in early-stage startups that they source through the roughly 3,000 entrepreneurs who are affiliated with Founder Institute. The idea: that these entrepreneurs who live around the world can help Expansive discover startup gems, particularly in foreign markets.

Resolute Ventures, the three-year-old venture firm of former Polaris Partners investor Mike Hirshland, is in the market for its second fund, according to an SEC filing first spied by Fortune. The firm, which makes seed investments, is targeting $40 million. Hirshland, who is Resolute’s sole GP, targeted $25 million for its first fund. He has since brought aboard serial entrepreneur Matt Meeker as a venture partner and earlier this year had advertised a search for a principal. (If Resolute has hired one, it hasn’t listed that person at its site yet.)

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IPOs

Those watching the debut of Zendesk on the NYSE yesterday were undoubtedly feeling relieved last night. Shares of the 6.5-year-old, San Francisco-based on-demand customer service platform provider finished up at $13.45 from their offering price of $9. The IPO raised just under $100 million for Zendesk, about $50 million less than the company originally planned to raise.

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People

Everyone has to find their investing sweet spot, and Aneel Bhusri‘s is not consumer Internet, he said in an interview earlier this week at the NVCA conference in San Francisco. Bhusri said he came to this conclusion the hard way, during his first year as an investor at Greylock Partners in 1999. For example, he talked of backing an e-commerce site focused on cameras, saying, “I invested $25 million, Amazon waged a price war and we were out of business in 12 months.” A second investment in an online portal quickly also became “good-bye $15 million,” he added, noting that he might have lost $70 million before famously finding his groove in enterprise investing.

Venture capitalist Ken Lerer and his cofounder in Huffington Post, Arianna Huffington, have reportedly settled a three-year-old lawsuit over the site, which remains one of the one of the most heavily visited online destinations in the country. Filed by Democratic consultants Peter Daou and James Boyce, the suit alleged that the men helped shape Huffington Post, which sold to AOL in 2011 for $315 million, and that they were denied proceeds from the sale as well as recognition for their contributions. As Forbes notes, Lerer and Huffington have always insisted the claims were meritless, but a judge ruled in February that that the case could proceed to trial. Interestingly, Daou and Boyce published joint statements yesterday afternoon, praising Huffington for making Huffington Post “a far greater success than anyone could have imagined. Neither mentioned Lerer.

Cnet cofounder and beleaguered tech personality Halsey Minor is back with a new bitcoin-related company, though “there are also some oddities about the company that might give customers pause,” reports Bloomberg BusinessWeek. Minor told the outlet that he only recently emerged from “six years of depression . . . It’s hard to describe to someone who has not been through what I went through, but my only goal was to get through this part of my life alive.”

Venrock, the 45-year-old technology and health care investor — with offices in Cambridge, Ma.; Palo Alto, Ca.; and New York City — has added two new investment professionals to its Palo Alto office: Camille Samuels and Doug Dooley. Samuels, previous a managing director at Versant Ventures, is a partner and will focus on biotech and consumer health investing. Dooley, whose title isn’t clear, has a long history of working at infrastructure technology companies, including Cisco, Intel, Neoteris, NetScreen, and RingCube. Venrock filed paperwork in March to raise $200 million for its newest fund, Venrock Healthcare Partners II.

Google Glass’s lead electrical engineer Adrian Wong has defected to Oculus VR. Techcrunch has more here. Meanwhile, the company has also reportedly brought aboard a seasoned marketing pro, Ivy Ross, to lead the division. (The moves aren’t related, says a source. Wong was simply presented with a great offer from Oculus.)

A Bay Area real estate developer has filed a lawsuit accusing Facebook CEO Mark Zuckerberg of breach of contract in a case that dates back to Zuckerberg’s decision to acquire several properties that surround his own Palo Alto home. Zuckerberg made the move after discovering that developer Mircea Voskerician planned to build a mansion on a lot behind Zuckerberg’s home. In exchange for Voskerician’s cooperation, Zuckerberg told him he’d provide introductions to potential clients who might want to buy homes from him, says the developer, who alleges in his complaint that Zuckerberg hasn’t upheld his end of the bargain. The San Jose Mercury News has the story here.

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Job Listings

Adidas Group, the sporting goods giant, is looking for a manager to join its M&A and corporate venture group. The job is near Nürnberg, Germany.

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Essential Reads

To protest against the FCC’s new rules relating to Internet traffic, various companies and organizations have added code to their websites that kicks in whenever there’s a visit from someone who works at the FCC. While everyone else is enjoying these websites at ordinary broadband speeds, this code ensures that FCC staffers view them at dial-up speeds reminiscent of the 1990s.

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Detours

Why salaries shouldn’t be secret.

The most expensive city in America to hire a babysitter.

What do animals see in the mirror?

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Retail Therapy

Beer lollipops.

Quickboats.

St. Tropez is coming to San Francisco, apparently. (We wish.)

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