Pelion Venture Partners adds Jeff Kearl as a managing director, opens Southern California presence

The Salt Lake City-based Pelion Venture Partners is opening an outpost in Southern California and has added Jeff Kearl as a managing director to head up operations in the region. Kearl was the chief executive officer of Stance, a direct-to-consumer retailer selling socks and clothing basics, and has a long history of investing in startup […]

Thoma Bravo makes $3.9 billion offer to acquire security firm Sophos

Sophos announced this morning that private equity firm Thoma Bravo, has agreed to buy the British company for £3.1 billion ($3.9 billion USD). The price is based on $7.40 USD per share and the company indicated that the board of directors will recommend that shareholders accept the offer. Sophos CEO Kris Hagerman, as you would […]

SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With the collapse of the company’s planned initial public offering, We Co. is facing a cash […]

AI-based firefighter safety startup Prometeo wins IBM Call for Code Challenge

During an event at the United Nations Delegates Dining Room in New York City, IBM unveiled the winners to its annual  Call for Code Global Challenge. The competition, which is targeted at computing solutions for global problems, crowned five winners, ranging from first responders to health care info. Prometeo took the top price for its […]

VC Brad Feld on WeWork, SoftBank, and why venture firms may have to slow down their pacing in 2020

Yesterday, we had a chance to talk with renowned VC Brad Feld of Foundry Group, whose book “Venture Deals” was recently republished for the fourth time, for good reason. It’s a storehouse of knowledge, from how venture funds really work to term sheet terms, from negotiation tactics to how to choose (and pay for) the […]