Payments startup Stripe valued at $9b in new funding

Posted by & filed under Venture Capital

Stripe Inc. raised new financing that values the startup at about $9 billion, cementing its status as a major player in the crowded digital payments space and heralding a possible initial public offering. CapitalG, the late-stage investment arm of Alphabet Inc., and venture capital firm General Catalyst Partners led the… Read more »

Sequoia hires Yahoo’s Jess Lee as first woman investing partner for US ops

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For the first time in its 44-year history, Sequoia Capital, one of the most vaunted venture capital firms in Silicon Valley, has hired a female investing partner for its U.S. operations. She’s the co-founder and chief executive officer of Polyvore, a shopping site for fashion and home decor. Yahoo! Inc. acquired it last year for $230 million.

Q3 venture capital deal activity slowest in 5 years, exits remain difficult: Preqin

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Venture capital deal activity in the third quarter is 2016 has been the slowest since Q4 of 2011 both in terms of number of deals and aggregate deal value, after a robust run in the previous few years. 2,050 venture capital deals were announced globally worth $26 billion–the lowest number of deals and aggregate deal value seen so far in 2016.