At least one venture group's fundraising has a potential $25m commitment from an undisclosed bank impacted by the Volcker Rule.

The founder of Genentech says the sector is the biggest "loss-maker" for VCs meaning a potential funding drought.

The 25-year Bloomberg veteran, formerly the head of Bloomberg Ventures, has been hired by Dow Jones as its chief executive.

Digital advertising company OpenX, backed by several corporates, has hired Eric Rosenthal from investor AOL as the general manager of its Enterprise division.

The 10-week programme, Summer@Highland, offers university-affiliated start-ups office space in California and $15,000 in funding but Highland does not take an equity stake.

Corporate venturing-backed mobile gateway company Stoke has hired Charles Corbalis, formerly a co-founder of StrataCom and Calient Networks, as its vice president of engineering.

Nanotechnology developer Cambrios Technologies, now headed by ex-SiBEAM chief executive John LeMoncheck, is $5m better off thanks to a Samsung corporate venturing unit.