Scale Venture Partners Sharon Wienbar gives a bullish outlook on the exit market this yearAfter a brutal 2009, this year looks to be more promising for venture capitalists. About $12.2 billion was invested in startups during the first three months of the year, down from $22 billion from the same period a year ago, according to PricewaterhouseCoopers/National Venture Capital Association.But by the latter part of the year, a lot more deals were done. Zynga raised $180 million, Chegg raised $57 million, Playdom raised $43 million, Quidsi (parent of Diapers.com) raised $30 million, and exits were looking up as M&A accelerated. For instance, Google bought AdMob for $750 million, Adobe bought Omniture for $1.8 billion and Cisco bought ScanSafe for $183 million. The last two acquisitions were of Scale Venture portfolio companies, Omniture and Scansafe. ... [http://vator.tv/n/cd0 read more]
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