VC Roundup: 2009 slightly less depressing than 2008, Google invests in DreamIt grad - Technical.ly Philly

Business

Jan. 5, 2010 9:20 am

VC Roundup: 2009 slightly less depressing than 2008, Google invests in DreamIt grad

Welcome to our brand new weekly round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line or corner us at our next […]

Welcome to our brand new weekly round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line or corner us at our next meetup.

DEFINITE READS

The National Venture Capital Association has published its yearly “exit poll” tracking VC-funded company exits. IPOs were higher in 2009 in year-over-year numbers, but M&A activity declined slightly. Both metrics are still lower than pre-recession numbers.

Boston-based DreamIt Ventures grad SCVNGR has just received $4 million from Google Ventures. The company, makers of location-based gaming platforms, is profitable with over $1 million in revenue in its first year.

After the jump, the passing of a local VC leader and the firm that is touring New York City incubator spaces as if it were on a pub crawl.

MIGHT BE WORTH YOUR TIME

First Round Capital will be touring New York – pardon us, we mean the 67th Ward -today with stops at eight popular incubator spaces in the city. TP will be at Rose Tech Ventures in Flatiron District to say hello.

First Round portfolio company Pinch Media will be merging with Flurry. Both companies offer mobile application analytics services. The new company will maintain offices in New York and San Francisco.

PBJ reports that Ian Berg, co-founder of Eastern Technology Fund Ventures, died late last month. He was 68. Berg was an Overbrook grad who founded Mount Laurel-based Copelco Financial Services Group and later went on to teach at Drexel.

Advertisement

GIVE A GLANCE

Safeguard Scientifics will be among the dozens of firms heading to Vegas for Medical Device Investor Day which, coincidentally, was also the name of TP’s last staff party.

Philly-based VC lawyer Christopher McDemus writes the most common 15 mistakes made by startups.

The VC Roundup will deliver Philadelphia private equity news hot and fresh every Tuesday morning.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

On combating resistance as a technology lead

The tech behind North Philly’s new Met concert hall

Design Slam 2019 sketches digital and analog solutions for Philly immigrants

SPONSORED

Philly

Why working with the University City Science Center was a game changer for 4 Philly startups

Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineer

Apply Now
Philadelphia, PA

PromptWorks

Senior UX Designer

Apply Now

Why tech experts so often struggle to become leaders — and what they can do about it

These 11 companies and leaders won 2019 PACT Enterprise Awards

The 5 stages of the data scientist

SPONSORED

Philly

Take a peek at the opportunities popping up at PromptWorks

Philadelphia, PA - Center City

Odessa

Sr. Business Analyst – Bilingual (Spanish)

Apply Now
Philadelphia, PA

Linode

Senior Software Engineer – Kubernetes

Apply Now
Philadelphia, PA

Linode

Software Development Engineer in Test

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!