Sarah's Feed
Sep 19, 2013

Kleiner Perkins sex discrimination case to stay in public eye

SAN FRANCISCO, Sept 18 (Reuters) – A high-profile Silicon
Valley sex discrimination lawsuit moved closer to trial
Wednesday after California’s highest court rejected an effort by
venture firm Kleiner Perkins Caufield & Byers to take a former
partner’s case against it to arbitration.

The suit, which pits former partner Ellen Pao against one of
Silicon Valley’s most storied venture capital firms, alleges
harassment, discrimination and retaliation. It became the talk
of the Valley last year with its references to an affair and its
allegations – denied by the firm – of sexual advances and sexist
behavior.

Sep 17, 2013

Entrepreneur starts his version of Harvard, tuition-free

SAN FRANCISCO, Sept 17 (Reuters) – Minerva Schools of KGI
doesn’t yet have accreditation, a campus or even a full faculty
roster, but it is offering something even Harvard can’t – four
years of free tuition for its first matriculating class.

The San Francisco-based Minerva Project, an ambitious effort
to remake the higher education model, announced its tuition plan
on Tuesday in hopes of attracting some of the world’s most
talented and academically competitive students for the class
that will enroll in the fall of 2014.

Sep 13, 2013

Analysis: Twitter may kickstart consumer-tech IPO train

SAN FRANCISCO (Reuters) – Since Facebook Inc’s messy initial public offering more than a year ago, the buzz in technology investment has mostly surrounded companies serving businesses rather than consumers – a situation Twitter’s imminent debut could help reverse.

From accommodation service Airbnb and storage site Dropbox, to limo-providers Uber, a clutch of hot Silicon Valley names that have steered clear of the markets may now gravitate back if Twitter helps revive investor interest in consumer apps and dotcoms.

Sep 13, 2013

Twitter may kickstart consumer-tech IPO train

SAN FRANCISCO, Sept 13 (Reuters) – Since Facebook Inc’s
messy initial public offering more than a year ago, the
buzz in technology investment has mostly surrounded companies
serving businesses rather than consumers – a situation
Twitter’s imminent debut could help reverse.

From accommodation service Airbnb and storage site Dropbox,
to limo-providers Uber, a clutch of hot Silicon Valley names
that have steered clear of the markets may now gravitate back if
Twitter helps revive investor interest in consumer apps and
dotcoms.

Sep 12, 2013

Insight: In Silicon Valley start-up world, pedigree counts

SAN FRANCISCO (Reuters) – When asked to name the most notable rags-to-riches entrepreneur that his firm has funded, venture capitalist Ben Horowitz doesn’t hesitate: Christian Gheorghe, a Romanian immigrant who came to the United States without speaking English, and rose from limo driver to founder of a business-analytics company, Tidemark.

It’s an impressive tale that encapsulates the way Silicon Valley likes to think of itself: a pure meritocracy; a place where talent rises to the top regardless of social class, educational pedigree, race, nationality or anything else.

Sep 12, 2013

In Silicon Valley start-up world, pedigree counts

SAN FRANCISCO, Sept 12 (Reuters) – When asked to name the
most notable rags-to-riches entrepreneur that his firm has
funded, venture capitalist Ben Horowitz doesn’t hesitate:
Christian Gheorghe, a Romanian immigrant who came to the United
States without speaking English, and rose from limo driver to
founder of a business-analytics company, Tidemark.

It’s an impressive tale that encapsulates the way Silicon
Valley likes to think of itself: a pure meritocracy; a place
where talent rises to the top regardless of social class,
educational pedigree, race, nationality or anything else.

Sep 10, 2013

Greylock Partners raises $1 billion for new venture fund

SAN FRANCISCO (Reuters) – Greylock Partners, the venture-capital firm behind companies like LinkedIn, (LNKD.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it raised a $1 billion fund, its 14th.

The fund will focus on early-stage companies, Greylock partner David Sze said in a blog post, particularly in the areas of seamless technology and the increasing ease of using technology in the workplace.

Sep 5, 2013

Tech fund Coatue leads $45 mln funding into startup HotelTonight

SAN FRANCISCO, Sept 5 (Reuters) – Technology hedge fund
Coatue Management has led a $45 million funding round into
accommodation service HotelTonight, the latest example of the
burgeoning interest among hedge funds in Silicon Valley
start-ups.

HotelTonight, which allows travelers using smartphones to
book rooms at the last minute, plans to use the cash to further
expand around the world, including Asia. It announced the news
in a press release.

Aug 29, 2013

Greylock makes $100 million venture bet on marketplaces

SAN FRANCISCO (Reuters) – In a big bet on marketplaces, venture capital firm Greylock Partners is promoting former eBay Motors founder Simon Rothman to partner, and dedicating $100 million to the sector.

Marketplaces – companies like auction service eBay, accommodation service Airbnb, and personal-loan service LendingClub – have the potential to create more billion-dollar businesses in the next five years than in the last 20, Rothman said in an interview with Reuters.

Aug 16, 2013

Weak entrepreneurship education could provoke backlash

SAN FRANCISCO, Aug 16 (Reuters) – When Bill Aulet tries to
hire faculty to bolster entrepreneurship courses at MIT, where
he is a senior lecturer at the Sloan School of Management, he
often runs up against a familiar challenge.

“We bring in people and interview them all the time,” he
said at a breakfast in San Francisco last week to mark the
publication of his new book, “Disciplined Entrepreneurship.”
“They’re not MIT rigor. And we get to see the best of the best.”