Zimbra's Satish Dharmaraj talks with Om and Joyce about the $350 million sale to Yahoo. Facebook has $10 million for developers. "Web 2.0 King Maker" Jeff Clavier has a new seed stage fund, SoftTech VC II.
It's a good week for buyouts and funds:
Hours after the announcement that Zimbra sold to Yahoo! for a whopping $350 million, CEO Satish Dharmaraj joined Om and Joyce to chat about the sale (mostly cash), Yahoo's motivation (to better compete with Google and Microsoft's email tools for business) and what comes next.
Jeff Clavier has done his time as an angel (that's when you invest your own money) for startups, now he's back in venture capital (investing other people's money) with SoftTech VC II, a new $12 million seed stage fund.
Facebook has launched a new $10 million dollar fund, FBFund, to seed Facebook Platform developers. The funds will be given out in grants of $25,000 to $250,000 and the $10 million is from The Founders Fund and Accel Partners, not Facebook itself.