TechFlash: GGV's Glenn Solomon on IPO boom, China; Basile out at Violin Memory

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December 16, 2013

GGV Midas investor Glenn Solomon on IPO boom, China and why he didn't back Airbnb Four-time Midas List investor Glenn Solomon scored again last week with Nimble Storage's big IPO, adding to an impressive list of strong exits in his 16-year career. Violin Memory ousts CEO Donald Basile after post-IPO swoon Violin Memory fired CEO Donald Basile on Monday, ending his hopes for redemption in the flash storage industry. Stealthy screen developer LuxVue backed by Bill Joy raises $25M LuxVue Technology Corp. remains stealthily working on its LED-screen technology despite being backed by high-profile investors like Bill Joy and raising another $25 million. Khosla Ventures replaces Yuri Milner on Y Combinator fund Khosla Ventures is in and Russian investor Yuri Milner is out in the Y Combinator venture fund that invests $80,000 in every startup at the accelerator. Google Ventures tallied 75 new fundings, 9 exits in 2013 Google Ventures said in a year-end report on Monday that it made 75 new investments and nine of its portfolio companies hit their exits in 2013. Group funding startup Crowdtilt raises $23 million Group-funding startup Crowdtilt, which launched out of Y Combinator 18 months ago, has raised $23 million in Series B funding. More founder & funder news AOL's Armstrong: Patch isn't dead, it's resting Dangers of sudden success sink in for MyPillow founder Female VCs: men pitch vision, women pitch metrics - Boston MC10 hires former Motorola exec - Boston Helping 'help': UW startup gets $2.4M to provide smarter in-app help - Seattle

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News Avago to buy semiconductor maker LSI for $6.6 billion Google buys BigDog robot maker Boston Dynamics; recruits a top Bing developer Tesla to unveil mainstream, cheaper model in 2015 Air Force looking to hire 1,000 cyber-security professionals Amazon mulling bulk service to compete with Costco Apple reportedly closes China Mobile deal, now what?

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