Social media management tool Buffer goes truly "open book"

Tom Paine

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I have sometimes complimented Safeguard Scientifics on the level of transparency it provides in its quarterly reporting. Though as a public company it is required to report more than a private VC or PE firm, Safeguard goes well beyond what's minimally required.

But one startup is taking transparency a step further. San Francisco-based Buffer, a social media management tool, just says it closed on a $3.5 million round at a $56.5 million pre-money valuation, and it laid out in plain sight on the web its term sheet, financials, and just about every little metric about the company you would ever want to know. Even every employee's salary.

Now its trying to raise more: "Update: We closed a first syndicate on AngelList today, October 27th. We have opened a new one with VegasTechFund now here."

Links 10/29/2014: Comcast settles Philly-area antitrust suit, was once went to Supreme Court, for $50 million

Comcast settles lawsuit over overcharging cable TV subscribers (Reuters)

Comcast agrees to $50M settlement in 11-year-old class action antitrust suit (Ars Technica)

FCC mulls regulating Internet video like cable, satellite TV (CNET)

Aereo Sees a Potential Path Forward in FCC's Online Proposal (Ad Age)

Philadelphia Surging with Digital Health Innovation: EY, Ben Franklin, PACT, Fairmount Partners, CEO Council for Growth Align to Explore; $900M+ invested in sector since 2008 (PR Newswire)

Pennsylvania pension cancels $100 mln Centerbridge commitment (PE Hub)

In shift, software firms buy digital ad firms ( Philly Deals)
Report: LiquidHub to acquire Foundry9

Mobile Internet investment hits record $19.2B — up 232% in last 12 months (VentureBeat)

SAP HANA supports multi-tenancy – now what? (Diginomica)

SoonSpoon-acquirer Reserve, backed by Uber co-founder, launches restaurant 'concierge' service (Boston Business Journal)
Backed by First Round Capital, Google Ventures.