Gilt Groupe is talking IPO. Should this be a tech story?

Gilt Groupe, the designer flash sales website, is reportedly set to start prepping an IPO next year. But as more consumer and retail companies get savvy to the web and mobile worlds, should IPOs of companies like Gilt and Groupon really be considered tech industry stories?

NVCA survey: VC industry still very white, mostly male

There’s been a lot of media buzz in recent months about the lack of racial and gender diversity in the tech startup landscape. Now new data from the National Venture Capital Association indicates that the VC field is similarly homogenous: It’s very white and mostly male.

Eric Schmidt: Web competition is alive and well — just ask VCs

Google chairman Eric Schmidt says his company is not quashing competition in the web industry — and has pointed to the fact that search startups like Hipmunk are still receiving millions in venture capital funding as proof. But does this really mean there’s a level playing field?

Betabeat shows the VC pitch process in The Pitch

Tech blog Betabeat has launched its first original web series, The Pitch, which documents the process of pitching a startup concept to venture capitalists. It’s a story with its own natural drama — funding and a cash prize are on the line.

Nextdoor launches to bring your real neighborhood online

If you’re like most people, you probably don’t know your neighbors all that well — if at all. That’s where a startup called Nextdoor wants to help. Nextdoor lets neighbors create private websites where they can exchange local information while getting to know each other better.

myGengo lands $5.25M for online translation that really works

myGengo, a startup that provides customized language translation services, has taken raised $5.25 million in new funding. myGengo is unique because it’s priced competitively — less than half the average price of professional translation — but its translations are made completely by humans, with no machine translation.

Okta unlocks access to the corporate cloud

Okta, a startup that makes identity and access management software for enterprises, has closed $16.5 million in new funding. Okta’s software enables multiple people within an enterprise to sign in to the company’s web-based applications, whether they’re in the cloud or behind a firewall.

VC funding for web reaches 10 year high

Venture capital investments continued to grow at a rapid clip during Q2 2011, with investments in Internet-specific companies rising to the highest quarterly level since 2001. But some industry experts are saying that the current level of VC activity may be unsustainable.