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There was a line up of slick and expensive cars on Sand Hill Road to turn into the street that housed the venerable Silicon Valley VC institution, August Capital. A crew of valet parking guys dressed in white ran up to each car to whisk them away while the crowd filtered into the expansive patio at August Capital to rub shoulders with the rich, the very rich and the soon-to-be-rich. Scanning the name cards, it seemed that every VC firm was represented and judging from the aura of money during the mingling, I think I was probably one of the poorest peeps there.
I saw VCs like Tim Draper from DFJ, Naren Gupta of Nexus (and plenty of others),and my tomodachi Howard Hartenbaum of August, plus entrepreneurs such as Gunnar Piening of Swoopo (one of August Capital’s portfolio companies), Josh Steinitz and John Monson of NileGuide (Howard invested while at Draper Richards), Gannon Hall of Kyte.tv and plenty of others. There was great food, great wine and great conversations. Hope I get invited next year too!
Congratulations to NileGuide for raising $8M since their launch on April 28th, bringing them to over $10.5M in total. The Series B investment was led by Austin Ventures and includes Lehman Brothers, Draper Richards and KPG Ventures. This is a significant validation of both the category and the company, as NileGuide is now the most well-funded travel planning site in existence.
While the experience of travel is sometimes a headache given exorbitant fuel prices, crowded planes, and long security lines, the experience of planning your trip should be easy and fun… just as your trip should be. By gaining insight from local experts, you can travel like a local and discover new points of interest to share with your friends, family and colleagues. Just in time for the summer holiday season!