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1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

31-year-old millionaire has zero sympathy for unemployed Gen Z's ‘excuses’—he says 'it is scarily easy' to build a business and get rich right now

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We're living in the 'G-shaped economy'—where boomers control $90 trillion, and everyone else waits

Venture capital deals

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 17, 2013, 3:13 PM ET
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Kite Pharma Inc., a Los Angeles-based developer of targeted immunotherapies for cancer, has raised $20 million in new Series A funding. The company also converted $15 million of outstanding promissory notes into Series A preferred stock. Alta Partners led the round, and was joined by return backers like Pontifax Ltd., Commercial Street Capital, David Bonderman and Michael Milken. www.kitepharma.com

Pebble Inc.
, the smart-watch maker that was launched on Kickstarter, has raised $15 million in Series A funding from Charles River Ventures. www.getpebble.com

Skyword, a Boston-based provider of online social marketing content for large companies, has raised $6.7 million in new VC funding led by existing backer Cox Media. The company now has raised $21.1 million in total VC funding, including from firms like Allen & Co., McGraw Hill Financial and American Public Media Group. www.skyword.com

Thermedical, a Waltham, Mass.-based developer of tissue-ablation therapies, has raised $5.5 million in Series A2 funding co-led by Samuel Maslak (co-founder of Acuson Corp.) and Karl Johannsmeier(founder of Optimetrix Corp.). www.thermedical.com

OpenGeo, a New York-based developer of an open-source geospatial software platform, has raised $3 million in Series A funding from Vancouver-based Vanedge Capital. www.opengeo.org

BitPay Inc., an Atlanta-based payment processor for Bitcoin, has raised $2 million in seed funding led by Founders Fund. www.bitpay.com

Ringadoc, a West Hollywood, Calif.-based platform that enables audio and video consultations with doctors, has raised $700,000 in new seed funding. Founders Fund led the round, and was joined by Siemer VC, Telegraph Hill Group and individual angels like Practice Fusion founder and CEO Ryan Howard. www.ringadoc.com

Scarosso, a Germany-based online luxury shoe brand, has raised an undisclosed amount of Series A funding. DN Capital led the round, and was joined by IBB Venture Capital Co. and Perikles Ventures. www.scarosso.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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By Dan Primack
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