TechFlash: Nest's $2B-plus valuation; Revance's IPO plans

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January 2, 2014

Smart thermostat maker Nest raising $150M at $2B-$3B valuation Nest Labs, the smart home device maker, is reportedly raising between $150 million and $200 million, placing the company's valuation somewhere between $2 billion and $3 billion. Wrinkle remover Revance files for $86 million IPO Revance Therapeutics Inc., a developer of next-generation versions of skin wrinkle eraser Botox, is seeking $86.25 million in an initial public offering. 2013 was very good for IPOs, not so much for M&A More companies went public in 2013 than any year since just before the banking crisis but mergers and acquisition slowed, according to a year-end report from the National Venture Capital Association. Marc Andreessen's New Year's resolution? Tweet more, apparently VC investor and Silicon Valley stalwart Marc Andreessen started the new year by reviving his rather dusty Twitter account (@pmarca). Snapchat hacked, millions of accounts' info leaked online Some 4.6 million users of popular mobile photo-sharing service Snapchat had their usernames and phone numbers published online after anonymous hackers obtained the information through a gap in the... More founder & funder news The Bitcoin video used to 'spook' law-enforcement Fast-growth lessons from startup leaders Q&A: How an NYC duo's 'real world' animated GIFS won hearts on Kickstarter

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News Another top Violin Memory exec departs Months after buying Bump, Google shuts it down In 2013, Silicon Valley wages doubled the U.S. average Silicon Valley's prosperity problems: Bay Area Council boss on housing crisis, growing class divide Apple denies working with the NSA to compromise iPhone security

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