austin ventures

Happy Saturday ACL!

Full ACL coverage here. Here are my top picks for the day:

 12:00 PM

Fresh Millions – Austin Ventures

The local Austin band Fresh Millions will start the day off with an energetic dub show!

 12:30 PM

Photo by Anne Marie Bloodgood Ballet Austin II Presents Quiet Imprint
Oct. 15, 16 & 17
Austin Ventures Studio Theater (501 W. Third Street)
Tickets start at $20

Matt Frazier (center) and Local Natives, Image from MySpace Local Natives at Austin City Limits
Saturday, October 9
Zilker Park (2100 Barton Springs Road)
Austin Ventures Stage, 4:45

Usually at Austin Startup we get to write about exciting developments such as new financings or exit events.  But, today we have to report on the decidedly more difficult aspect of being an entrepreneur: shutting down a company.  Nanocoolers, which was attempting to develop semiconductor technology-based cooling for processors, electronic systems and enclosures, has announced it is shutting down.  Founded in 2002, the Company had raised more than $24 million in venture financing, but was unable to close their next round of financing,

Austin Ventures is backing a Palm Beach, Florida-based community/social networking startup called Divorce360.com.

The company isn't headquartered in Austin, so we're not tracking it's every move, but the story is getting a lot of play for some reason. TechCrunch wrote about it yesterday, and The Statesman writes that it's being announced today.

Zilliant quietly raised another $4M Series F funding from Liberty Mutual and returning investors Austin Ventures, Cardinal Venture Capital, Trellis Partners, and JPMorgan Partners.

This brings the total fundraising to around $40M. JPMorgan is probably waiting in the wings to be the lead dealmaker when the company is ready take advantage of the liquidity available in the capital markets.