Elevation’s LPs Refuse Extension for New Deals, Fund Riding on Facebook and Yelp

The hits just keep on coming for Elevation Partners , the one-time digital media, private equity dream team that has reconfigured itself as an investor in late stage Web 2.0 treasures. Earlier this summer, Elevation requested an extension on investing its $1.9 billion fund, and TechCrunch has learned that that request was denied—a move that came as surprise to us and to Elevation, we hear

CEOs For Sale! Come and Get Your CEOs!

I’ve heard from two sources close to the Digg CEO search that there were a glut of good candidates. That’s something companies always say, and I frankly found it hard to believe. I don’t necessarily mean that as a knock on Digg.

From WISH 2010 In Tokyo: 15 Japanese Startups Demo Their Services

On Saturday, I attended WISH 2010 in Tokyo (where I live) to see a total of 15 Japanese startups presenting their services onstage to a panel of judges and an audience of 550 people. The event was organized by online marketing company Agile Media Network (“Japan’s Federated Media “)

Google, Facebook To Microsoft’s Paul Allen: Your Argument Is Invalid

The entire Internet (aka Facebook, Google, Apple AOL, Facebook, eBay, Netflix, Office Depot, OfficeMax, Staples, Yahoo, and YouTube) has just been served with a vague and vast patent violation suit from Microsoft’s co-founder Paul Allen. As patent suits are notoriously unpopular, the response from tech pundits has been apprehensive. Now the companies named are starting to punch back, a representative from Facebook told TechCrunch , “We believe this suit is completely without merit and we will fight it vigorously.” A representative from Google also commented on the validity of the suit

Online Backup Startup Backblaze Was Almost Bought. Twice. What Went Wrong?

Here’s something you will not read every time an acquisition deal collapses at the last minute: an account of what happened, and why it did.

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