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Venture capital firms continued to invest in startups at a strong pace last quarter as deal volume reached its highest level since 2001, thanks to a big jump in money going into Web 2.0 companies and life sciences firms, according to the Quarterly Venture Capital Report released Monday by Ernst & Young LLP and Dow Jones VentureOne. Information services companies...

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Young digital media and content companies will be pitching their plans to panels of venture capitalists Tuesday at the Digital Media Venture Summit, put on by iHollywood Forum. The startups will make five-minute presentations, while an audience of VCs and strategic investors will be polled electronically on whether they are worthy of funding or partnerships (no gong for the...

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Demo attendee Magnify Networks scored $1.2 million from NextStage Capital LP and the New York Angel Network. The first thing it needs to do with the money is differentiate itself from YouTube, Roo, Brightcove and the many other sites that allow users to manage and embed videos. Magnify's service allows a Web site owner to easily find a video channel...

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Company: JBoss Inc. Description: Open source application server software. Location: Atlanta Amount Raised: $10 million VC Firms: Matrix Partners, Accel Partners VC Directors: David Skok Exit Type: Trade Sale to Red Hat Inc. Exit Valuation: $350 million Absolute Return: 3500% Memorable Quote: "We see tremendous opportunity for JBoss to disrupt the current market," said David Skok at the time...

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I received a call from Citigate Sard Verbinnen at 8:44 this morning. When the phone rings before 9am, I assume it's either from a colleague, a family member with a health emergency or a source with a time-sensitive tip. Well, in this case, it was none of the above. The caller said she was contacting me on behalf of...

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After writing a monthly column for Fortune magazine since 1998, venture capitalist Bill Gurley gave up the gig a few years back. He then started a blog that goes by the same name as his column, Above the Crowd. Judging by the frequency of his posts, his time at Fortune seems to have gotten to him. They are irregular....

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Gibu Thomas, CEO of Sharpcast, was surprised by the negative rating VC Ratings gave his company. After the company announced $13.5 million in second round funding from Sigma Partners, Draper Fisher Jurvetson, Selby Venture Partners, I questioned its ability to build barriers to entry and whether a startup will be able to capture the market they're going after. Thomas does...

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Adaptive Path, the cutting-edge Internet consulting and design firm that has helped define Web 2.0, said today it has agreed to provide Sierra Ventures' portfolio companies with consulting services in exchange for equity. The two firms have not consummated any deals yet but anticipate that Adaptive Path will work with three to four of Sierra's portfolio companies per year. For...

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There may be light at the end of the tunnel for all those venture capitalists waiting on their communications equipment startups. The proposed acquisition of Lucent by Alcatel is the first step in an overdue consolidation round among networking hardware companies. Tim Savageaux, a research analyst at Merriman Curhan Ford & Co., wrote today that Nortel is next. Whether the...

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Sevin Rosen Funds held its 25th anniversary party at the Four Seasons in Palo Alto Thursday evening. At each corner of the elegant rectangular room were generous buffet tables serving sushi, beef, lamb and chocolate. Two facing walls were covered by big screens that displayed goofy pictures of founders Ben Rosen and L.J. Sevin from the 1970s. The film loop...

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