Growth Capitalist (https://growthcapitalist.com/tag/venture-capital/page/2/)
Biotech investor G. Steven Burrill and his firm Burrill Capital Management will pay $5.785 million in fines and disgorgement and accept a ban from the securities under a settlement of charges that he took money from Burrill Life Sciences Capital Fund III to finance his lifestyle and prop up other struggling businesses.
John Binova is accused of diverting investors' money to his nephew, who was previously charged with bilking investors in a fund set up to buy pre-IPO Facebook stock.
Merriman Capital is managing a private offering to raise $5 million for e-commerce company The Betty Mills Co. through a general solicitation that will focus on Betty Mills customers.
The SharesPost 100 Fund, a closed-end fund that invests in late-stage venture-backed companies, tripled its assets under management and reported a cumulative total return of 3.75% for 2015—almost triple the return of the Standard & Poor’s 500 Index, although slightly less than the return of publicly traded tech stocks as tracked by the Dow Jones U.S. Technology Index.
