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A new Chapter 11 bankruptcy filing sheds a little light on the behind-the-scenes events at the embattled health care banking-services company Canopy Financial Inc. that has been rocked by charges of falsified financial documents.

A new Chapter 11 bankruptcy filing sheds a little light on the behind-the-scenes events at the embattled health care banking-services company Canopy Financial Inc. that has been rocked by charges of falsified financial documents.

Sequoia Capital China was the sole investor in a $10 million Series A round for online shoe and apparel retailer Okaybuy.

Venture-backed start-ups operating in the three most popular forms of online gambling - poker, horse racing and sports betting - stand to see major impacts from proposals winding their way through Congress that could legalize certain types of Web-based betting.

Canopy Financial Inc. Chief Executive Vik Kashyap said he is stepping down from the helm of the troubled health care banking services company amid a federal criminal investigation and reports the company had falsified financial statements.

Following the July departure of David McCarthy from its Toronto office, Summerhill Venture Partners is on the hunt for a new general partner to work out of its Boston office.

Following the July departure of David McCarthy from its Toronto office, Summerhill Venture Partners is on the hunt for a new general partner to work out of its Boston office.

With more people emailing and fewer people sending physical mail in recent years, the U.S. Postal Service is taking steps to move into the digital world - and using a venture-backed company to do so.

With Twitter exploding - and the focus on real time data exploding along with it - there are a number of new companies that are seeking to develop more specific applications of this technology.

A roundup of venture capital-related news from around the Web.

Cleantech venture investors are taking a closer look at small-scale wind projects.

According to the golden rule, he who has the gold makes the rule. In the land of venture capital, however, the question is: Who actually has the gold?

Working for a start-up is hard enough. Trying to wittily describe "the unique entrepreneurial culture that sets their company apart and inspires them to go to work each day" - in 140 characters or less - is equally challenging. That was the task set by the National Venture Capital Association and job board StartUpHire, which asked for Twitter-esque submissions from start-up employees in celebration of Global Entrepreneurship Week.

Remember paying astronomical prices for college textbooks that, once class was over, had only one possible use: as paperweights? To the relief of parents everywhere, shelling out $196 for Principles of Biochemistry may become a thing of the past. Several recently funded start-ups make it cheaper, or in some cases free, for students to obtain books. Akademos Inc. raised $2.5 million in August to support an online marketplace for students to sell books to each other, saving buyers an average of 61% off list prices. Flat World Knowledge LLC, funded earlier this year with $8 million in Series A money, provides digital versions of textbooks online for free, earning revenue and paying authors by giving students options to purchase soft-cover textbooks, audio books and self-print individual chapters. The latest - and most heavily financed - is Chegg Inc., which just closed a jumbo-sized $57 million funding round to add to a $25 million capital infusion in December.

Venture capitalists let one slip away when they passed on Addrenex Pharmaceuticals Inc.

Just as Congress considers legislation to control bank overdraft penalties, two firms have invested $7 million to help Ready Financial Group Inc. market a prepaid debit card that eliminates those fees.

The valuations of venture-backed companies held steady in the third quarter, as the prices set in first rounds dropped to a six-year quarterly low while later-stage valuations continued to climb.

A screenshot of the Boxee interface I remember my brother showing off a new device in the late 1990s that let him navigate the Internet on the television. Back then, there were no dogs riding skateboards on YouTube or NBC dramas on Hulu, but the technology from WebTV appeared to be a breakthrough in the convergence of the two mediums. The frustrating thing about WebTV was that the dialup connection was so slow - at times crippling - that you often sat on the couch waiting minutes for a page to load. Plus, the resolution on TVs then was far from hi-res, and the lack of multimedia on the Web made the task rather boring. Fast forward more than a decade: While you can now search the Web at lightening speed on the tube, watch television shows online at will and view Internet videos with clarity on any screen, companies are still struggling to come up with a business model for the Internet-connected television market.

Often criticized as fair-weather investors who come at the peak and exit at the valley of market cycles, corporate investors have an advantage over their venture capital peers when it comes to investing in Chinese start-ups: they can - and often do - invest in the local currency.

Hercules Technology Growth Capital, which provides equity and debt to start-ups, is back investing again after hesitating during the economic crisis.