How Jeff Clavier will spend SoftTech’s biggest VC fund yet

Jeff Clavier’s SoftTech VC has closed investment on its third fund at $55 million, making Fund III its biggest fund yet.
Clavier talked to GigaOM about why SoftTech decided to go so big, how the new cash will be invested, and the larger tech industry landscape.

How Codecademy got so hot, so fast

Codecademy, which teaches users how to program for free with an interactive and social web application, has garnered more than 1 million users in less than five months. We talked to co-founder and CEO Zach Sims about how Codecademy started and where it’s going.

VC funding to web startups hits decade-long high in 2011

If you thought 2011 seemed like a big year for web startup funding, you were absolutely right. According to the latest MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association, 2011 saw the highest level of VC investment in Internet companies over the past decade.