IPOs Go Up, LinkedIn Finds a Nice Fit, Google Goes for a Slide, & More Bay Area BizTech News

8/9/10Follow @wroush

Last week was another busy one for venture fundraising and acquisitions in San Francisco and Silicon Valley. Fortunately, I got a lot of help this week from my San Diego colleague Bruce Bigelow, who reported on several stories affecting the Bay Area.

—On Friday, Google confirmed earlier press reports that it had acquired San Francisco-based Slide, which makes social applications for Facebook, MySpace, and other social networks. Google didn’t say how much it had paid for Slide, which was founded by Paypal co-founder Max Levchin; reports put the price tag at $182 million to $228 million.

—I profiled Zendesk, the San Francisco-based help desk software maker that has bounced back from a user revolt this spring over price increases and is busy rolling out new features that make it easier for companies to stay engaged with their customers.

—In the second part of a long conversation with Kate Mitchell and Rory O’Driscoll, general partners at Foster City, CA-based Scale Venture Partners, I explored how the firm works with mid-stage ventures that have a proven idea but need to scale up their operations.

—The IPO market for venture-backed startups is slowly strengthening, according to data from Menlo Park, CA-based VentureDeal. As Bruce reported, nine Bay Area companies have gone public in 2010, as have four more in Xconomy’s other home cities of Boston, San Diego, and Seattle.

—For folks interested in Silicon Valley’s booming angel investing culture, I shared a two-part report from Y Combinator’s July 29 AngelConf event. In Part 1 I excerpted some of the best quotes from Jeff Clavier, Greg McAdoo, Mitch Kapor, Andrea Zurek, and Paul Graham, and in Part 2, I quoted Naval Ravikant, Joshua Schachter, Mike Maples, Paul Buchheit, and Sam Altman. We’ve also got an essay today from leading angel investor Ron Conway, based on his AngelConf talk.

—San Francisco-based Ecotality unveiled a plan to install thousands of charging stations for electric vehicles in the San Diego area, as Bruce reported. San Diego is the first of 16 cities where Ecotality is installing EV charging stations over the next two years.

—I took a look at the digital options for getting business cards out of your life, including—my favorite—an iPhone and Android app called Bump, from the Mountain View, CA-based startup of the same name.

—Erin Kutz followed up on news that ThredUP, a swap site for children’s clothing, is packing its bags in Cambridge, MA, and moving to San Francisco’s Union Square.

—Bruce explored a demographic study from New York-based CB Insights revealing, not too surprisingly, that most founders of early-stage Internet startups are either white (87 percent) or Asian (12 percent).

—Mountain View, CA-based LinkedIn announced that it had acquired mSpoke, a Carnegie Mellon University spinout that makes content personalization software.

—Redbeacon closed a $7.4 million Series A venture round with participation by Mayfield Fund and Venrock. The San Mateo, CA, startup runs a Web service that provides consumers with price quotes from local service providers such as plumbers and handymen.

—Continuing the red theme, Red Condor, a spam filtering startup in Rohnert Park, CA, was acquired by San Diego-based security software company St. Bernard Software, as Bruce reported.

—Recurly, a Dogpatch Labs startup that makes software for automating subscription billing, grabbed $1.6 million in seed funding from Poalris Venture Partners, Harrison Metal, and others.

—Automated affiliate marketing software provider VigLink in San Francisco acquired competitor DrivingRevenue, based in Chicago.

—Campbell, CA-based YouSendIt, maker of software for large file transfers over the Internet, raised $15 million in Series D funding from Adams Street Partners, Emergence Capital, Sigma Partners and Alloy Ventures.

—Floodgate Fund, the Menlo Park, CA micro-VC firm run by angel investor Mike Maples, disclosed that it had raised a third fund totaling $73.5 million.

—Pancetera, a storage software company in Santa Clara, collected $5 million in Series A funding from Hummer Winblad Venture Partners and Onset Ventures. Former Thinstall CEO Henrik Rosendahl was appointed as Pancetera’s new CEO.

—C2Call, a German company with operations in Mountain View, raised $2 million in Series A funding from Draper Investment Company, High-Tech Gründerfonds, and angel investor Klaus Wecken.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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