The Sacramento Metro Connect consortium that has received the city contract to build a 90 square mile wifi net and blanket the city with wireless internet access says the project has hit another delay.

The group has been unable to come up with the $1 million required to build the first phase, originally schedule to roll out this month. According to the city's CIO, IBM was going to provide that funding but has since pulled out of the consortium.

That leaves it up to the rest of the consortium to pull together the money. Read more about Sacramento WiFi project stalled

A few days ago I wrote about using your board more effectively. Related to this is how you use your VCs.

The VC's job doesn't stop when they write the check. They want to see the investment succeed and have a wealth of business knowledge and contacts that can help that happen. But too many entrepreneurs see their investors as the enemy and don't include them in the everyday business.

Fred Wilson, a VC blogger, says Read more about Getting your VC's attention

Folsom's SynapSense has raised a $10 million series B round, bringing the total amount raised by the company to $12 million.

According to Sacramento Executive, Read more about SynapSense raises $10 million

The Business Journal is reporting that US-based merger and acquisition activity for venture backed companies was it it's highest point since 2000.

The Dow Jones and VentureOne U.S. Liquidity Report for the third quarter of 2007 shows $10.5 billion in transactions. This is a 31 percent increase over Q3 2006 and the highest quarterly amount since 2000. Read more about Venture M&A activity at highest point since 2000