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Highlights from various sources about the latest news in venture capital:
• Top VC uses his blog to generate wider dealflow
Hey, VCs, looking for more or better dealflow? Try blogging.
Los Angeles-based venture capitalist Mark Suster tells PE Hub’s Daniel Primack that blogging is helping him generate interest “from all geographies.” Primack notes that Suster has “become a blogging phenomenon, joining the pantheon of VCs whose every word is devoured by startup CEOs.”
In the interview, Suster told Primack:
“This month I’ll probably do between 75k and 80k uniques on my blog, so I’m now getting unbelievable dealflow from all geographies. It used to be that if someone from Silicon Valley flew to LA to raise money from me, it was because no one on Sand Hill Road wanted to fund them, or they wanted me to pay a higher price. Now, I’m getting phone calls from NorCal from people who say they read my blog, like how I think, are typically nervous about working with VCs but like that I’ve walked in their shoes.”
• CA buys cloud computing firm for $350M
How hot is “cloud” computing?
CA is buying California-based Nimsoft for $350 million in cash, reports VentureWire.
Mimsoft builds software for monitoring and managing business applications in the cloud or data center.
Venture backers who put $22 million into the firm in 2007 and 2008 are getting one nice return.
• Battery Ventures closes on $750M fund
International VC firm Battery Ventures has closed on its ninth fund which is worth $750 million. Battery has now raised nearly $9 billion.
Battery has offices in Waltham, Mass. as well as Menlo Park, Calif. and in Isreal.