How Big Is Airbnb, Really?

Airbnb, the peer-to-peer apartment and house rental website, is rumored to be raising $100 million in new funding at a whopping $1 billion valuation. But based on the company’s revenue and growth prospects, that number may not be as shocking as it seems.

VC Investment Climbs 14% to $6.1B in Q3

q3vcdataA growing number of early-stage deals and general optimism in the technology industry helped push venture capital investments up 14 percent in the third quarter of this year, to $6.1 billion from $5.3 billion in the prior quarter, according to a report released today from ChubbyBrain, a information services company that tracks VC activity. This should be viewed as good news for entrepreneurs who are currently looking to raise capital for their startups in coming months. Read More about VC Investment Climbs 14% to $6.1B in Q3

Six Apart finds a pot full of VC Dollars

EXCLUSIVE: Our friends at Six Apart are about to get another big round of venture funding. It is their series B round of funding, and the lead investor in this round is said to be August Capital. August’s capital won’t be much of a surprise for the two entities have old linkages. For instance, former August Capital partner Andrew Anker is now an Executive Vice President of Corporate Development. The amount of money raised is still under a shroud, though I am told it could be well over $5 million, a modest investment when compared to Silicon Valley’s free spending ways of the past. (Press release says $10 million) Many of my better sources in Silicon Valley say that there was a good chance of Sequoia Capital participating in the round, but obviously that did not pan out. I have sources telling me David Hornik of August Capital spearheading the investment, and is likely to join the board of the company. The Trotts obviously are not talking, and neither is rest of the senior management. I had tried getting in touch with Hornik but he would not say. Anyway I am pretty certain of the news. Six Apart had received an undisclosed amount of money from Joi Ito’s VC fund, Neoteny. Reid Hoffman, a member of the founding team and former executive officer of PayPal is also an investor. The company has been on a tear and recently signed a deal with Nokia where Nokia camera phones (ugly as they might be) play nice with TypePad, SixApart’s hosted service.