South by Southwest Interactive is known as the place to find the next big social startup, be it Twitter, Foursquare or Airbnb. But what is Austin, the event’s host city, known for? Something far less sexy: business software companies. Putting...

Chris Sacca is the latest “super angel” investor to  discover the challenge of having a small venture capital fund: There’s not enough cash when you need it. With his second fund, Lowercase Spur, Sacca is following the footsteps of Mike Maples and Jeff Clavier, raising more...

The Securities & Exchange Commission has been investigating Felix Investments in preparation for an action it plans to bring against the New York-based broker of private-company investment vehicles, we reported today. The regulator may also want to red-flag Felix’s website,...

  Angels are spreading their wings — and their dollars. So says new research from the Angel Resource Institute that shows the median size of angel-group rounds invested in startups rose 40 percent last year to $700,000. A key takeaway...

(This post was updated to show Jumio’s valuation based on the funding.) Andreessen Horowitz is betting $25.5 million that consumers will get behind yet another way to make payments online. The venture capital firm co-founded by Internet pioneer Marc Andreessen...

Roku’s sales tripled to $100 million last year — in part because it bought radio and billboard advertising for the first time. To garner more brand recognition for its hockey puck-sized TV-set top box, the company intends to seek as...

Yelp CEO Jeremy Stoppelman has made a name for himself by snubbing companies whose billions in cash dwarfed what was available to Yelp, as he sought to maintain control over the company’s mission and approach to content and users. It...