links for 2009-07-25

  • Sequoia Capital, the venture capital firm that grew to prominence with early investments in Internet wonders Google Inc. and Yahoo Inc., can mark down another successful dot-com deal with the sale of Zappos.com Inc. to Amazon.com Inc.
    zappos_E_20090723132555.jpg
    But the $885 million blockbuster deal, which is one of the largest acquisitions of a venture-backed company this year, will likely net Sequoia modest returns compared to its other big Internet victories, which include YouTube.com Inc. and PayPal Inc.
  • Boulder, Colorado-based LogRhythm, a developer of enterprise log and event management software, is expanding its Asia Pacific efforts, saying Thursday that it has hired on David Cheng as the firm's General Manager for Asia Pacific. The firm said the Cheng joins from ArcSight, and has also served at SafeNet, Resilience, and Tumbleweed Communications. The company said the hire comes as it sees a significant and growing market opportunity for the firm in the region. LogRhythm is venture backed by Grotech Ventures, Access Venture Partners, and the Colorado Fund.

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