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In preparation for what looks like an IPO, Jive Software announced yesterday it had raised $30 million from Kleiner Perkins Caufield & Byers. It's a funding story of relative significance that documents one company's rise to prominence and a venture capital firm's growing commitment to the social enterprise and cloud computing space.
The Jive investment is the second major funding that we have seen in the past several days. Last week, Atlassian raised $60 million from Accel Partners.
That adds up to nearly $100 million in funding for the social enterprise space in just the past week.
At the Accel Symposium, we heard John Donahoe, eBay CEO, admit that there was little synergy between core eBay, PayPal, and Skype. He lauded PayPal, showed some false modesty around Skype, and talked about core eBay in a way that indicated a clear understanding of its limitations and challenges. If that sounds a tad negative, that was not what I took away. What I did take away was that eBay is a great collection of parts, a really great collection of parts, that would be more valuable as independent entities.
Stanford University has produced more entrepreneurs of mega-ventures than any other college. And success breeds success. The money people love to connect with anybody coming out of Stanford, and that helps Stanford get the best students, and so it repeats.
ReadWriteWeb will be reporting from the 15th Stanford Accel Symposium on February 25th. Hosted by Accel (the VC firm that funded Facebook, Etsy, and dozens of other companies we write about here) and Media X at Stanford, the event boasts some big name speakers, such as the CEOs of eBay and WPP.
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