Where All That Silicon Valley Moolah Is Going Now

Those good folks at WSJ report that there is a frothy new deal in Silicon Valley, and it gives a taste of where some investors are pouring money these days. A group of well-known technology investors has bought a $20 million controlling stake in Blue Bottle Coffee, a specialty coffee retailer that is gaining fame among the Bay Area's hipsters. Among the group: Tony Conrad, a partner at True Ventures, Google Ventures, Twitter Inc. co-founder Evan Williams, and Kevin Rose, the founder of the Digg website..... "It's the Apple of coffee," says Mr. Conrad, who will be the company's largest investor, through his firm…..Blue Bottle, based in Oakland, Calif., is a tiny chain with locations in San Francisco and Manhattan. It is part of what coffee aficionados call the "third wave" of coffee, defined by premium micro-roasters like Stumptown Coffee Roasters….. The new Blue Bottle investment, which values the company at less than $30 million, also comes as other tech investors—having changed the world with the social-networking revolution—are eagerly embracing food through a string of investments and new start-ups…………………………………………………………………………………………………………… Read all about it at http://online.wsj.com/article/SB10000872396390443675404578060722851040736.