TechFlash: MDV's Ericson on Rocket Fuel, unicorns; Nimble Storage hikes IPO plan

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December 2, 2013

Mohr Davidow VC Bill Ericson on Rocket Fuel, Chegg and $1B 'unicorns' Bill Ericson is watching with interest the large number of so-called "unicorns" — startups with billion-dollar valuations — that are being created in Silicon Valley these days. Nimble Storage raises IPO target to $165.6M Nimble Storage updated its IPO plans on Monday, saying it hopes to raise up to $165.6 million in an offering that would puts its valuation at more than $1 billion. Kindred Biosciences lowers IPO target to $46 million Diminished expectations for biotech IPOs appears to extend into the pet sciences, as well. Veterinary drug developer Kindred Biosciences on Monday lowered the top target on its plans to go public to $46 million. Energy storage startup Stem raises $15 million Stem Inc., whose batteries and software store and manage energy for use in non-peak hours, raised $15 million in new funding to fuel its expansion in North America. An 'R2-D2' mobile robot may be your next security guard Is a robot designed in Silicon Valley R2-D2, or R2-D2's evil twin? More founder & funder news Bitcoin Black Friday trounces traditional Black Friday growth numbers University groups fear patent overhaul - Albany WhatsApp founders bring the fight to Facebook with Fight Club philosophy ViralGains surges with tech for turning YouTube ads viral - Boston Startups can score deals from their desks on Cyber Monday

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News 2013 business blunders that made Silicon Valley cringe 2013 turnarounds: Will Yahoo, H-P and Zynga avoid extinction? Amazon drones will soon be delivering your orders 3-D printing turns into horse race between manufacturers Amazon mocks Apple, Jony Ive with new iPad-parody ad It's official: Google building 'floating store' on barge, builder says Facebook may acquire app crash-testing startup in India

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