Bloomberg Businessweek
Go To Businessweek.com
During the past 20 years, the author has watch China move from being a developing country into an industrial superpower
Money Moves, 5/24: Chocomize Co-Founder Fabian Kaempfer talks with Bloomberg’s Deirdre Bolton about the business of customizing chocolate
The president's campaign has a new rule—no cell phones allowed
In honor of remote control inventor Eugene Polley, we recognize other influential but neglected inventors who have felt the sting of stolen glory
Forget Adderall. Traders now pop chia seeds to stay focused and energized
The Italian automaker and others are adding hybrid technology to elite cars
The storied bridge that links San Francisco and Marin County changed the face of California
Schools cultivate ties with startups before they're big successes
Dave McClure's traveling venture capital show scours the world for promising startups
Did someone say economic slump? Not in Silicon Valley. The initial public offerings of LinkedIn and Groupon brought billion-dollar paydays* to venture capital firms New Enterprise Associates, Sequoia Capital, and Greylock Partners, while Kleiner Perkins Caufield & Byers is expected to profit handsomely from Zynga’s IPO on Dec. 16.
For venture firms that missed out on those highfliers, plenty of money was made on vacation-rental site HomeAway, which helped Redpoint Ventures crack the year’s top 10. Khosla Ventures was the only investor to make a splash unrelated to the Web with its majority ownership of KiOR, a biofuel maker that is valued at over $1 billion even though the company has yet to generate a penny of revenue.
As eyes turn to next year, IPO envy mounts for Accel Partners, which could rake in more than $10 billion, thanks to a 2005 investment in a little social-networking company known at the time as Thefacebook.
* Profits reflect company share price on Dec. 12
Levy is a reporter for Bloomberg News.
