Biotech companies are in a rush to go public partly due to the sky-high valuations now experienced by many biotech firms that have gone public in the past few years, the Venture Capital Dispatch reported.
United States
Ronny Conway closes early-stage fund of $51M targeted at startups
Ronny Conway closed his early-stage fund targeted at relieving the Series A crunch for startups. The size of the fund was $51 million, TechCrunch reported citing a filing with the Securities and Exchange Commission.
Financial crisis fears rise while Wells Fargo eases way back into subprime home loans
Wells Fargo & Co is now making its way back to the subprime mortgage market, potentially bringing fears that US lenders will be making the same mistakes that prompted the financial crisis, Reuters reported.
Apple to sell iPhone 5s at $1,169 in first Latin America store
Apple will be offering a no-contract iPhone 5s for $1,169 when it debuts its first store in Latin America, marking the most expensive price for its iPhones, Bloomberg reported.
HasOffers CEO tells Facebook they deserve another chance
Peter Hamilton, the Chief Executive Officer of HasOffers, has told Facebook that they deserve a second chance after they were removed as a partner for not adhering to the social media firm's data collection and sharing rules, VentureBeat reported.
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The secretive startup Secret that enables people to share thoughts with others anonymously has unveiled a program asking hackers to identify vulnerabilities in its mobile app, TechCrunch reported.
Yahoo has acquired Distill, a technical recruiting company that aims to take out the hassle of the hiring and recruiting process. The startup is backed by Felicis Ventures, China's Innovation Works and DN Capital, TechCrunch reported.
CloudPassage, a San Francisco-based cloud security provider that aims to keep the bad guys out of clouds, has raised $25.5 million for its new financing round led by Shasta Ventures, VentureBeat reported.
Betaworks, a New York-based media products maker and seed stage investor, has received additional funds amounting to $10 million in a round led by Digital Garage, TechCrunch reported.
Silk Road 2 moderator Defcon said that hackers have carried away more than 4474.26 bitcoins from the online marketplace after exploiting a transaction malleability bug, TechCrunch reported.
Citia, a publishing platform that helps marketers and content creators take advantage of the shift to a card-based structure, has bagged an added $600,000 from David S. Rose and Geoff Judge, TechCrunch reported.
San Francisco-based startup Mode Analytics secured $375,000 in fresh capital from unnamed investors citing a filing submitted to the US Securities and Exchange Commission.
Retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth early in the first quarter.
The Boston College Venture Competition or BCVC hosted the second year of the Startup Career Fair this week with over 30 tech startups taking part of the event, The Heights reported.
