Fred Wilson - my friend and co-investor in Zynga - titled his post on Zynga's $29 million financing Raising The Stakes so I couldn't resist titling my post Doubling Down.  And I'll echo what Fred said - I'm amazed with the hand that Mark Pincus (Zynga's CEO and founder) has and am delighted to be sitting at the table playing it with him.

Zynga just announced that Kleiner Perkins has led a $29 million round that includes new investor Institutional Venture Partners and the old investors (Union Square Ventures, Foundry Group, and Avalon Ventures.)  Bing Gordon from KPCB has joined the board - Bing recently joined KPCB and was previously the chief creative officer at Electronic Arts where he had been a key executive since 1982.  The TechCrunch article has some good info in it including the news that Zynga has acquired Yoville.

When we made our initial investment in Zynga last November, the idea of "social gaming" was just starting to emerge.  Mark and the team at Zynga started with Texas HoldEm Poker (hence the poker theme in the first paragraph) but rapidly expanded i Read the full article