Sarah's Feed
Dec 19, 2014

Uber’s fight of California data-sharing rule highlights its bumpy road

SAN FRANCISCO, Dec 18 (Reuters) – Uber argued Thursday that
it should not have to turn over ride data in a California
regulatory standoff that shows how the transportation service is
falling afoul of officials who could threaten its expansion.

The issue, which is being heard in a California
administrative court and whose outcome will not be known until
next year, pits Uber against the California Public Utilities
Commission. The CPUC’s approval of new ride-sharing services
last year carried the condition that the companies make detailed
data about their rides available to the commission.

Dec 10, 2014

Special Report – At Stanford, venture capital reaches into the dorm

STANFORD, California (Reuters) – At the end of their first year at Stanford University, a half dozen students snagged an apartment-style dormitory on the third floor of Griffin House, overlooking the campus golf course. A little over a year later, in the autumn of 2014, just two were left at Stanford. The others had gone to work on their startups. 

They had a big advantage: Fellow roommate Chris Barber, 21, was a budding venture capitalist, already learning about the business of injecting funds into promising new firms. He funded companies run by three of his roommates.

Dec 10, 2014

Special report: At Stanford, venture capital reaches into the dorm        

STANFORD, California (Reuters) – At the end of their first year at Stanford University, a half dozen students snagged an apartment-style dormitory on the third floor of Griffin House, overlooking the campus golf course. A little over a year later, in the autumn of 2014, just two were left at Stanford. The others had gone to work on their startups. 

They had a big advantage: Fellow roommate Chris Barber, 21, was a budding venture capitalist, already learning about the business of injecting funds into promising new firms. He funded companies run by three of his roommates.

Dec 10, 2014

At Stanford, venture capital reaches into the dorm

STANFORD, California, Dec 10 (Reuters) – At the end of their
first year at Stanford University, a half dozen students snagged
an apartment-style dormitory on the third floor of Griffin
House, overlooking the campus golf course. A little over a year
later, in the autumn of 2014, just two were left at Stanford.
The others had gone to work on their startups.

They had a big advantage: Fellow roommate Chris Barber, 21,
was a budding venture capitalist, already learning about the
business of injecting funds into promising new firms. He funded
companies run by three of his roommates.

Dec 10, 2014

California district attorneys sue Uber over safety issues

SAN FRANCISCO (Reuters) – Uber, the online car service
embroiled in allegations that one of its drivers in India raped
a passenger, is now facing a lawsuit over safety issues in its
home state of California.

The district attorneys of San Francisco and Los Angeles said
on Tuesday they had filed a lawsuit against Uber for misleading
customers about its background checks on drivers. Their civil
complaint also contends that Uber drivers work at airports
without obtaining authorization, and in the case of San
Francisco, charge a $4 extra fee to passengers traveling there
without paying anything to the airport.

Dec 3, 2014

Formation 8 raises $500 million for second venture fund

SAN FRANCISCO (Reuters) – Formation 8, the U.S. venture capital firm known for backing virtual-reality company Oculus VR, said on Wednesday it has raised $500 million for its second fund, less than two years after raising $448 million for its first one.

The fund, created by startup whiz kid Joe Lonsdale and colleagues Brian Koo and Jim Kim, specializes in technology companies with aspirations of doing business in Asia.

Nov 25, 2014

HP fourth-quarter revenue drops on weak enterprise demand

By Sarah McBride

(Reuters) – Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company’s planned 2015 separation of its enterprise services from its traditional computer and printing units.

Sales fell 2.5 percent in the fourth quarter to $28.41 billion, from $29.13 billion a year earlier, HP said on Tuesday. Analysts had expected $28.76 billion.

Nov 20, 2014

Feature: Looking to Fund Your Business? Ask Your Classmates.

SAN FRANCISCO (Reuters) – Claude Burns, who just earned a degree from MIT’s Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. But how to come up with the half-a-million to fund it? He figured he’d target the usual suspects: family, friends, angel investors, maybe even a local bank.

What he didn’t expect was that one of his classmates would step up. Victoria Gutierrez liked the idea so much that right before graduation, she promised to invest $25,000 in Nobel Brewer.

Nov 20, 2014

Looking to Fund Your Business? Ask Your Classmates.

SAN FRANCISCO (Reuters) – Claude Burns, who just earned a degree from MIT’s Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. But how to come up with the half-a-million to fund it? He figured he’d target the usual suspects: family, friends, angel investors, maybe even a local bank.

What he didn’t expect was that one of his classmates would step up. Victoria Gutierrez liked the idea so much that right before graduation, she promised to invest $25,000 in Nobel Brewer.

Nov 19, 2014

U.S. entrepreneur considered suing Uber over tracking activities

SAN FRANCISCO (Reuters) – A San Francisco Bay Area entrepreneur and author whose location in an Uber vehicle was allegedly broadcast to a roomful of party-goers without his permission considered legal action against the company and consulted an attorney, he said on Wednesday.

Peter Sims said he ultimately decided against suing because of time commitments. But his situation highlights potential liabilities at a time when Uber has drawn fire over allegations that it targeted journalists.