TechFlash: Dave McClure aims for 5,000 VCs; Female founders launch venture firm

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February 5, 2014

Forget 500 Startups, Dave McClure's thinking 5,000 VCs Dave McClure, the co-founder of 500 Startups, said on Wednesday that intends "to basically destroy the global business school and business loan markets." Reid Hoffman: We all need mentors but it's like finding a mate When it comes to mentors, one has not been enough for Reid Hoffman. Silicon Valley VCs Gouw, Fonstad launch new venture firm Venture capitalists Jennifer Fonstad of Draper Fisher Jurvetson and Theresia Gouw of Accel Partners are leaving their firms to launch Aspect Ventures and focus on mobile computing investments. Rich state, poor state: VC's 'Six Californias' plan analyzed by state A plan floated by third-generation venture capitalist Tim Draper to split California into six parts would make the new state of Silicon Valley No. 1 in the U.S. in terms of per-capita income, legislat... How IBM is using a $100M venture fund to accelerate its Watson business IBM Corp. is betting machines that can think like humans will be a big source of future revenue for the company — so much so that it created an entirely new business unit around Watson, the Jeopardy-w... Totango raises $15.5M to help keep cloud app customers happy Totango, a startup whose platform helps cloud-based service providers find and fix problems with customers, has raised $15.5 million in Series B funding. ThoughtSpot snags $10.7 million for analytics product ThoughtSpot, a startup that develops a search and data analysis hardware appliance, has raised $10.7 million in Series A funding. Tapingo raises $10.5M to grow campus merchant networks Tapingo, a startup whose mobile app helps consumers avoid lines at stores and restaurants, has raised $10.5 million in Series B funding. Myriad Genetics buys medical diagnostics company Crescendo for $270M Myriad Genetics Inc. will buy South San Francisco's Crescendo Bioscience Inc. for $270 million in cash, the companies said Tuesday. Y Combinator grad Apportable raises $5M, joins StartX App and game development software startup Apportable is doubling down on accelerators after raising $5 million in new funding. Greylock picks former Facebook executive as entrepreneur in residence Venture capital firm Greylock Partners has named former Facebook executive Ethan Beard as its new entrepreneur-in-residence. More founder & funder news EnerNOC backs San Francisco energy software startup - Boston Draper Fisher Jurvetson closes $325 million fund - San Francisco Former Endeca prez joins DataXu board; IPO hinted at - Boston Imprivata files IPO plan confidentially - Boston Danica Patrick takes entrepreneurs on a ride through the craziest pitch they may ever give

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News Apple said to hire sleep expert for iWatch Google ad boss Susan Wojcicki to head YouTube Facebook's new app, Paper, is good, not great Marissa Mayer faces first big challenge from investors over de Castro's golden parachute Five ways Silicon Valley can blow it, regardless of bubble angst Spansion announces 40 percent growth in 2013 Google, Europe reach agreement over search concerns

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