Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, July 9, 2014

137 Ventures raises $137 million for start-ups investment fund, (NASDAQ: YHOO)

San Francisco-based 137 Ventures said it raised $137 million for its second fund, underscoring the eagerness of investors to purchase shares in start-ups before they hold initial public offerings.The firm, which buys private-company shares from company founders, early employees, and other investors, counts companies such as data-analytics business Palantir, space-exploration firm SpaceX and blog site Tumblr among its portfolio. Tumblr sold to Yahoo! Inc last year for $1.1 billion.With start-ups staying private longer than a decade ago, many investors believe they are missing out on big gains they could have once captured through public shares.In the past, the opportunity to invest in start-ups went largely to venture capitalists.

Yahoo! Inc. (Yahoo!) is a global technology company. Shares of YHOO traded higher by 1.14% or $0.395/share to $34.92. In the past year, the shares have traded as low as $25.74 and as high as $41.72. On average, 20762400 shares of YHOO exchange hands on a given day and today's volume is recorded at 8225026.