TechFlash: Angel warns startups of Silicon Valley delusion; Indiegogo gets $40M

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January 28, 2014

Palo Alto's not the real world, Band of Angels leader warns Too many Silicon Valley startups think they are successful because they have had a nice launch on their home turf, according to Band of Angels leader Ron Weissman. Crowdfunding site Indiegogo raises $40 million to hire, push mobile Crowdfunding platform Indiegogo, where entrepreneurs can raise capital for projects and products, has collected its own funding round worth $40 million to expand globally and focus on its mobile app. FundersClub launches news site for startup investors Private company investing network FundersClub branched into the social news business on Monday, launching a platform on which investors can share and discuss stories that interest them. Cotap raises $10M to bring business messaging to the front lines Mobile messaging startup Cotap has raised $10 million to expand its efforts to bring mobile messaging to the rank and file of its business customers. Yahoo may pay $16 million for business-app maker Tomfoolery Yahoo Inc. is in talks to buy business app developer Tomfoolery for around $16 million, the Wall Street Journal reported. Cancer drug developer Igenica grabs $14 million for shot at leukemia Cancer drug developer Igenica Inc. snagged a $14 million extension onto its Series C round to push its leukemia drug through early clinical trials. Commentary: How VC Tom Perkins ruined the day for Silicon Valley CEOs Tom Perkins, the Kleiner Perkins Caufield & Byers co-founder who this weekend compared criticism of the rich to the Kristallnacht persecution of Jews in pre-war Germany, went on TV today to apologize. Yahoo's former CTO unveils Hadoop helper Altiscale Former Yahoo Inc. CTO Raymie Stata launches his new startup Altiscale Inc. today. The company runs Hadoop-as-a-service in the cloud, with the goal of simplifying the open source software framework for... Clinkle hires PayPal exec as CFO Mobile payments startup Clinkle has lured an executive from rival PayPal to fill its chief financial officer role. More founder & funder news Bitcoin witness says BitInstant arrests won't harm proceedings Cloze aims to improve content-sharing for organizations, with 1st paid product - Boston What it's like to go before the sharks on 'Shark Tank' - Wichita Curation nation's new member is pioneering tech blogger Jason Calacanis Backlash fuels Christian gamers Kickstarter crusade

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News Will HP, Oracle buy security software maker Blue Coat? Ex-Symantec CEO Salem on computer security, why incumbents can't keep up, and the NSA Prescription Google Glass coming to an optometrist near you Weak iPhone sales send Apple shares down; Cook promises new products Snapchat's Evan Spiegel preaches the true meaning of his company Amazon patent hints at payment card Dell will sell Stratasys' MakerBot 3-D printers Six states vying for Foxconn manufacturing plant

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