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Newly-launched startup Elementum has declared itself today with a pretty big haul of its own: $60 million in funding before leaving stealth mode, the latest $44 million in Series B funding from Lightspeed Venture Partners and Flextronics, a public supply chain company for tech hardware that incubated the new company.

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Origami Logic, the developer of marketing intelligence solutions, today announced that it raised $15 million in Series B financing, bringing total investment in the company to $24.3 million.

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Congratulations to Tony Fadell, Matt Rogers and the world class team at Nest! Today Nest announced that it has agreed to be acquired by Google. As investors in the company since the early days, we here at Lightspeed have been honored to be a partner of Nest. Nest is a very special company with a truly exceptional team… a VC’s dream. We are thrilled to see Nest have an opportunity to further accelerate its business as part of Google.

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Google Inc.’s acquisition of Nest Labs Inc., a maker of Internet-connected thermostats, for $3.2 billion is blockbuster territory for the venture capital investors who have backed the Palo Alto, Calif., company since its 2010 founding. “It’s a fantastic return,” said Peter Nieh, partner at Lightspeed Venture Partners, an investor in Nest.

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Jeremy Liew of Lightspeed Venture Partners –the first investor in popular photo messaging application Snapchat, told CNBC he was excited about Whisper's incredible growth. Liew invested $3 million in Whisper in April this year. "Three billion page views a month is a shockingly big number for a company only 18 months old," Liew told CNBC.

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Yesterday Facebook made a change to its newsfeed algorithm, promoting high quality content and deprecating [fancy word for de-emphasizing] low quality content and meme photos. What will this mean for the new generation of content sites who have fed entirely off of social sharing?

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The cyber-currency was at the center of a Senate panel hearing Monday. Senators are looking into the way Bitcoin was used by the illegal drug marketplace that called itself Silk Road. But even with the scrutiny, Bitcoin investors drove the virtual currency to record highs.

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Chinese Bitcoin exchange, BTC China – the world’s largest by trading volume according to Bitcoinity.org – has closed a $5 million Series A from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China was bootstrapped prior to this round, with money put in by its three co-founders, Bobby Lee, Linke Yang, and Xiaoyu Huang.

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In April 2012, venture capital firm Lightspeed Venture Partners invested $485,000 in a startup called Snapchat. Snapchat allows users to send each other self-destructing photos. According to reports, the investment gave Snapchat a $12.5 million valuation. Today, Snapchat is worth $800 million. According to the Pew Research Center, 9% of all American cellphone owners use the app.

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When people — particularly investors — think of successful local marketplace businesses, they think of Yelp, OpenTable, maybe GrubHub, and Task Rabbit (to give our portfolio a little plug). What few realize, however, is that even the most successful of these businesses require time and patience to realize their full potential.

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