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Singapore-based Avago Technologies on Monday agreed to pay $6.6 billion for San Jose chipmaker LSI, the second major semiconductor deal in three months.

Phil Sanderson, a managing director at IDG Ventures in San Francisco, specializes in new media, gaming, music and shopping startups, as well as more grown-up pursuits like the job-hunting site Simply Hired. In this week’s Elevator Pitch, he holds forth on the future of gaming — and talks about partying with 1,000 of his closest VC friends.

Violin Memory’s sad opening song as a public company reached a crescendo Monday, as the data-storage company fired CEO Don Basile and replaced him with its chairman, Howard Bain III.