If those investors received their money from several different sources who did not directly own a percentage of the portfolio companies, then those individuals are venture capitalists and they are receiving money from limited partners (these are endowments, foundations, public pensions, high net worth individuals etc.).

If my convertible note says that it will convert at a 20 percent discount to that $5 million, for example (which, if you do the math, is $4 million), I would seem to have made a very bad deal. Why? Because I end up paying for Company A's stock based on a $4 million valuation, instead of the $1 million it was worth in its early days when I was willi

PEHub’s PE Week Wire and Dan Primack’s Term Sheet are great ways to get tipped on when VC firms are raising new funds.