StrictlyVC: January 13, 2014
Summary
Volpi – long a top Cisco executive before joining Index – also explained why he’s confident that investors, who largely shifted their focus to enterprise deals in 2013, will keep it there this year. PlanSource, an 11-year-old, Orlando, Fla.-based cloud-based company that offers administration, insurance, and payroll services to employers, has raised $12 million in Series B funding from existing investors Lemhi Ventures and Timucuan Asset Management. Suneva Medical, a four-year-old, San Diego-based company that’s developing aesthetic products for the dermatology, plastic and cosmetic surgery markets, has raised $35 million in debt and equity capital. If you have ideas and want to chat, contact me: health@benchmark.com.” He added: “100% convinced US healthcare market is really messed up & that means opportunity, 17% of GDP.” Business Insider gives Uber CEO Travis Kalanick, “Silicon Valley’s newest star,” the long-form treatment, saying of those interviewed for the story: “Acquaintances seem to be of two minds about him: On the one hand, many agreed he is a phenomenon. Can’t be much more complimentary than that.’ Equally common was the view of Kalanick as — in a word that came up again and again in interviews, ‘an #%&hole.” Xue Manzi, a well-known Chinese-American venture capitalist, appears to be living in a Beijing detention center, reports the South China Morning Post.
