KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

April 28th, 2016
Horizon Technology Finance has increased its syndicated revolving credit facility to $95 million, led by KeyBank . MUFG Union Bank, a new lender, committed $25 million. The facility has an accordion feature, which allows for an increase in the total loan commitment to $150 million Read this article: KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

The 3 Things Venture Capitalists Say All Startups Must Do

April 22nd, 2016
Venture capitalist Bill Gurley thinks unicorns are in for a rough ride in the months ahead. See more here: The 3 Things Venture Capitalists Say All Startups Must Do

Why Every Startup Wants to Be Like Magic Leap and Lyft

April 15th, 2016
When it comes to venture capital funding, established companies like Lyft and Uber are walking away with most of the loot. The rest is here: Why Every Startup Wants to Be Like Magic Leap and Lyft

Oculus Expat Eugene Chung Debuts New VR Film at Tribeca Film Festival

April 14th, 2016
Penrose Studios recently scored $8.5 million in venture capital funding--just ahead of the premiere for Allumette , the latest film from director and entrepreneur Eugene Chung. Read the rest here: Oculus Expat Eugene Chung Debuts New VR Film at Tribeca Film Festival

Everbank Adds $25MM to Wells Fargo’s Expanded Hercules Credit Facility

April 8th, 2016
Hercules Capital  expanded its credit facility with  Wells Fargo Capital Finance under which EverBank has committed $25 million, for a total of $120 million in credit capacity under a $300 million accordion credit facility, subject to borrowing base, leverage and other restrictions. Excerpt from: Everbank Adds $25MM to Wells Fargo’s Expanded Hercules Credit Facility

How SpoonRocket Blew $13.5 Million and Ended in Bankruptcy

April 5th, 2016
SpoonRocket blew through $13.5 million in funding with little to show for it. Now, they're a cautionary tale on how not to spend venture capital. See the original post here: How SpoonRocket Blew $13.5 Million and Ended in Bankruptcy