The JOBS Bill

Union Square Ventures principal Fred Wilson just led his first startup deal in nearly two years. Wilson led a $5 million round in Coinbase, a startup for buying, selling, and accepting Bitcoins.

The deal is the largest made by Mayer since she took the helm at Yahoo last July, and she described the acquisition as a “unique opportunity” adding: ”On many levels, Tumblr and Yahoo couldn’t be more different, but at the same time, they couldn’t be more complementary.” David Karp, 26, who owns 25 per cent of the privately-owned company he co-founded with Marco Arment in 2007, said he was “elated” to have the support of Yahoo and will continue as chief executive officer of Tumblr.

There was a time when Silicon Valley despaired of Twitter ever making money.

By Simit Patel:First, it should be noted that while the bill does look like it is going to pass and US President Barack Obama has stated he will sign it, it technically has not yet passed. So there is still time for Congress to mess it up, or to attach some unrelated measures that mess up something else.