What was Benchmark thinking?

 Yesterday, Benchmark, the powerful venture firm and a major Uber shareholder, filed a lawsuit against the company’s recently ousted CEO Travis Kalanick in a remarkable move. The suit seeks to remove Kalanick from the board, while eliminating three additional board positions that it says Kalanick sought (and won) approval for last year, partly by withholding crucial information from… Read More

Auris Surgical Robotics, founded by superstar Fred Moll, has quietly closed on a ton of money

 Auris Surgical Robotics, a 10-year-old, San Carlos, Ca.-based surgical robotics company that was founded by serial entrepreneur Frederic Moll, has quietly raised $280 million in Series D funding led by Coatue Management. The company had previously raised at least $184 million from investors, shows Crunchbase. Its other backers include Mithril Capital Management (cofounded by Peter Thiel and… Read More

NextView Ventures just sealed up its third fund with $50 million

 Back in December, we’d reported that NextView Ventures, one of few seed-stage venture firms in Boston, was looking to raise at least $50 million for a third fund, per an SEC filing that was processed at the time. Today, the firm says it has closed the fund with exactly that amount in capital commitments. It’s a slight step up from the firm’s second fund, which closed with… Read More

This outfit wants startups to trade equity for patents from big tech players

 Aqua Licensing is four-year-old patent advisory and transaction firm that typically works behind the scenes, helping companies sell their patents for a variety of reasons. But it has a new proposal for venture-backed startups that are in fundraising mode: it wants them to give big tech companies like AT&T and Lenovo some of their equity in exchange for patents that the companies no longer… Read More

In the murky world of ICOs, this young founder aims to lead the way

 When it comes to initial coin offerings, or ICOs, there’s plainly a lot that investors still don’t understand. Though start-ups and founders have raised more than $1 billion so far 2017 by selling custom-made virtual currencies to anyone willing to buy them, it’s been unclear whether and which tokens might eventually be categorized as securities; how ICOs impact… Read More