Some of the early backers of Groupon Inc., GRPN -2.11% including Silicon Valley veteran Marc Andreessen, are heading for the exits, joining investors who have lost faith in companies that had been expected to drive a new Internet boom.
At least four Groupon investors who held stock more…

Accel Partners, the top outside stakeholder in Facebook (FB) Inc., is investing $75 million with partners including Baring Vostok Capital Partners in Avito.ru, a Russian classified advertising website.
Oktogo.ru, the leading Russian online hotel booking and travel company, announced today that the company has raised $10 million round of financing from VTB Capital, the investment arm of Russia’s largest bank VTB and existing investors Mangrove Capital Partners, Ventech Capital and ABRT. The new investment will bring the total equity capital raised by
Prince Alwaleed bin Talal, the Saudi investor with stakes in Apple Inc. (AAPL) and Citigroup Inc. (C), and his investment company agreed to buy a $300 million stake in Twitter Inc., the microblogging service with about 100 million users.
Any seasoned investor knows that past performance is not indicative of future returns. That is as true with public stocks as it is with venture capital firms. But if someone were to ask you to rank the top VC firms today based on their probability of success, how would you do it? Remember, looking at past returns won’t help you.
NEW YORK – Russia’s largest Internet company and most visited website goes public today with an initial public offering (IPO).