Archive for May, 2007

LiveFuels riases $10M to turn algae into alternative fuel

LiveFuels, a Menlo Park, Calif. company seeking to turn algae into an alternative fuel, has raised a $10 million round of capital.
The investor was David Gelbaum at the Quercus Trust, which has previously backed environmental organizations such as the Sierra Club and the Wildlands Conservancy.

We reported earlier that LiveFuels was looking to raise the [...]

Multiverse raises $4M for virtual world offering

Multiverse, a Moutain View, Calif. company that provides a tool-kit for develops to build multiplayer online games and virtual worlds and then make money off them if they want, said it has raised $4.175 million in a first round of funding.
The company is co-founded by Bill Turpin, a Web pioneer whose first company helped [...]

Jazz slashes expected IPO price, follows “date rape” controversy

Jazz Pharmaceuticals, the generally unexciting specialty-pharmaceutical maker that hoped to raise $179.4 million in an IPO, has collided with reality.
The Palo Alto, Calif. company today slashed its expected IPO price by a fifth.
We’ve written before about Jazz and its wildly overrated strategy of salvaging poorly performing or cast-off drugs from other companies. David Hamilton, of [...]

GooTube strikes deal with EMI, after label shuns DRM with Apple

EMI Music, the world’s third largest music label company, said it has reached a deal with Google and its YouTube property to allow YouTube users to exploit EMI music while creating videos.
The move follows Apple’s move yesterday to start selling EMI songs without copy protection (digital rights management, or DRM) through its iTunes store. It [...]

Private company values — are they really dropping?

The median valuation of U.S. private companies dropped from the six-year high reached late last year, but remains higher than a year ago, according to the latest quarterly valuation report from Dow Jones VentureOne.
Valuations on venture-backed companies are negotiated by venture capitalists and entrepreneurs. If valuations head lower, that is not great for companies [...]