In his more than 15 years as a headhunter, Jeff Vijungco has tried Monster, Craigslist, CareerBuilder, and other online job boards. Lately the head of recruitment at Adobe Systems Inc. has scrapped most of them.
Groupon Inc. backers Battery Ventures and Andreessen Horowitz have divested their stakes in the daily-deal website, joining a group of early investors who have sold the stock and added pressure to slumping shares.
Groupon Inc. shares rose as much as 15 percent after Tiger Global Management LLC, the $8 billion hedge fund run by Chase Coleman and Feroz Dewan, said it acquired a 9.9 percent stake in the daily deal site.
Venture firms such as New Enterprise Associates and Accel Partners are stepping up investment in e- commerce as shoppers increasingly turn to niche websites for custom-made clothes at prices that undercut department stores.