Ask A VC: Bain Capital Ventures’ Ajay Agarwal On How Much Capital Startups Should Raise, And More

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This week’s Ask A VC show put Bain Capital Ventures’ managing director Ajay Agarwal in the hot seat. Agarwal heads the firm’s recently launched Palo Alto office.

We sat down with Agarwal to chat about how the firm is independent from Bain Capital, the asset management and financial services firm co-founded by Mitt Romney. Agarwal explained that Bain Capital Ventures is under the umbrella of Bain Capital, but has separate operations, management and oversight from Bain Capital. One advantage that Bain has with its relationship with the private equity giant is access to the massive network of companies that are part of the firm’s portfolio.

Agarwal also answered audience questions on how much capital startups should raise, how to divide equity, and whether founders should take money off the table.

Check out the video above for more!

VIDEO: Clean up after world’s biggest carnival

Preliminary figures suggests there has been a 20% increase in rubbish left on the streets of Rio after the Carnival compared to last year.

Android App Party: Get the Ubuntu Phone OS sidebar on Android

This week, Android apps seem to be looking into the future. Whether they’re bringing features from forthcoming mobile operating systems, attempting to filter Twitter to save its users from information overload, or getting extreme makeovers to reel in more users, Android users have plenty of downloading to look forward to this weekend.

Glovebox, Free

While it’s not exactly an emulation of Ubuntu Phone OS, the community over at the XDA Developer forums have shed light on this gem for Android users. Glovebox essentially emulates the side panel navigational bar that may come standard with Ubuntu Phone OS when it launches. It’s free to download, though you’ll have to fork over $3.83 for premium features like the ability to pin widgets to the side panel. It’s also a little buggy—none of the applications I added to the sidebar list would show up until I exited the app and entered back in, and it did force quit a few times while in use. Regardless, when it did work it afforded some extra room for widgets on the home page. You can also adjust the sensitivity of the side panel so that you’re not annoyingly grabbing while you’re in an app.

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Goldman Sachs says cooperating with Heinz probe

Feb 15 (Reuters) – Goldman Sachs Group Inc is
cooperating with a U.S. Securities and Exchange Commission probe
into insider options trading in H.J. Heinz Co before the
food company announced it was…

Wii U has historically bad January, sells about 50,000 units in US

We’ve known since late January that Nintendo had scaled back expectations for the early 2013 performance of its recently launched Wii U. But now, US sales numbers for the system in first month of the year are beginning to leak out and it’s clear that Nintendo’s latest system is suffering from a monumental post-holiday slump.

While NPD no longer releases US hardware sales data every month, a representative for the tracking firm told Gamasutra that US sales in the system’s first three months were down 38 percent compared to the same period for the Wii. That would mean the Wii U has sold approximately 940,000 units through January in the US.

Combine that with the 890,000 Wii U units Nintendo has said were sold in November and December of 2012, and you get a US sales figure of about 50,000 in January alone. That gels with reports from others sources with access to NPD’s internal data, who claim the Wii U sold “well under” 100,000 units for the month.

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SEC files lawsuit over Heinz option trading

(Reuters) – Securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett’s Berkshire Hathaway and Brazil’s 3G Capital.

U.S. files fraud case against former congressman Jesse Jackson Jr

WASHINGTON (Reuters) – Prosecutors filed criminal charges of fraud and conspiracy on Friday against former Chicago congressman Jesse Jackson Jr., accusing him and an unnamed co-conspirator of misusing $750,000 in campaign funds.

U.S. SEC sues over suspicious Heinz options trading

NEW YORK, Feb 15 (Reuters) – U.S. securities regulators on
Friday sued unknown traders over suspected insider trading in
H.J. Heinz Co call options ahead of the announced buyout
of the company.