Early-stage venture firm Opus Capital Ventures, is hoping to scrape together $250 million for its next fund (which has a hard cap of $350 million), reports VentureWire. Based in Menlo Park, the firm used to be called Weiss Peck & Greer Venture Partners. It raised four funds before changing its name to Opus. It’s last fund, totaling $280 million, was brought in in 2006.
Already, Opus has a commitment from Montana Board Investments to contribute $7.5 million to its sixth fund. In addition to fundraising, the firm is also actively investing in startups. Already this year, it sunk $10 million into a first round of financing for online gaming site SuperSecret, and $8 million into a first round for security software company AlertEnterprise. Full story...
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Popular video sharing platform YouTube announced today that it has added a new “Safety Mode” feature to its video watching experience.
PlaySpan scored a deal to provide virtual goods and global payment solutions for FooMojo’s FooPets.
(Editor’s note: Jeff Bussgang is a General Partner at Flybridge Capital Partners. This column originally appeared on his blog Seeing Both Sides.
Yell.com, the British online version of the Yellow Pages, has launched 18 new microsites powered by Daylife SmartSections, which VentureBeat wrote about in December.
Aspera has made its name transporting big digital files and videos from one professional creator to another since 2004.
There’s a new version of GiveWork, the application that lets iPhone owners perform simple tasks to help refugees, with new features that should make those tasks a little more varied and interesting.
E-cards have become an attractive way of sending cards versus traditional print cards. Through customization and animation features, e-cards are a quick and easy way to avoid the the Hallmark aisle and postage, but still let that someone know you care.
It’s always difficult for any big site to test and roll out new features. Many companies just test internally until they determine they have something good enough to roll out.
According to the Department of Labor, the majority of jobs in the near future will have a heavy focus on technology and having technical skills, including technical consulting and computer systems design.