TechFlash: B2B social meltdown; Big deals for Eventbrite, Mulesoft; 2 new funds

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March 13, 2014

B2B social meltdown: Struggling Jive seeks sale as investors flee sector Social networking for business, a hot sector a couple years ago has dropped dramatically. Jive Software stock is down by half as it seeks a buyer and VC funding has fallen off a cliff. Eventbrite is latest $1B startup to take big funding over IPO Ticket platform Eventbrite has reportedly taken $50 million in new funding at a valuation of more than $1 billion, putting off an expected IPO until next year. Lightspeed's Justin Caldbeck partners on new VC fund Lightspeed Ventures partner Justin Caldbeck reportedly in teaming up on a new venture fund with Jonathan Teo, formerly with General Catalyst. MuleSoft pulls in $50 million from NEA, Lightspeed MuleSoft has raised $50 million in investment for its technology that connects applications and devices. Maiden Lane fund formed to back AngelList syndicates, startups A new fund has launched that will back AngelList syndicates, the funding groups on the founder and funder network led by the likes of Kevin Rose, Tim Ferris and Jason Calacanis. It will also directly ... Ed tech startup Google Capital backed last month sold for $1.1B Wisconsin-based Renaissance Learning has swapped private equity owners in a $1.1 billion sale a month after Google Capital invested in it. More founder & funder news What can the upstarts at SXSW teach the old guard at CES? Plenty, it seems StartupBus conductor: SXSW burglary experience 'renewed my belief in kindness' - Tampa Bay How 3 founders decided Microsoft's PowerPoint was easy prey Blessed by the Pope, will this app company forgive your sins? From Emily Litella moment to multimillion dollar venture, Josh Koppel's wild ride

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News Apple, Google reaping interest on government bonds held offshore Target breach was 'far from advanced,' shows retail security blind spot: McAfee Google moving into Palo Alto — but not where you think How Cisco is channeling Apple in telepresence NetApp to slash workforce for second time in a year

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