Sarah's Feed
Jun 19, 2013

Ex-Kleiner partner wants day in court in discrimination lawsuit

SAN FRANCISCO, June 19 (Reuters) – A high profile sex
discrimination lawsuit in Silicon Valley should be taken private
via arbitration, lawyers for venture capital firm Kleiner
Perkins Caufield & Byers argued on Wednesday, but the plaintiff,
former partner Ellen Pao, wants the chance to tell her story
before a judge.

A lawyer for Kleiner told a panel of state court appellate
justices on Wednesday that one reason the firm preferred
arbitration to litigation was to avoid disclosing the relative
compensation of Kleiner partners. Another reason, he said, was
to spare embarrassment to Pao.

Jun 19, 2013

Reuters Summit – IPO? No thanks, say Silicon Valley CEOs

SAN FRANCISCO (Reuters) – The Silicon Valley IPO has lost its cachet, and big investors need to pay attention.

That’s the view of two prominent startup chief executives awash in offers of private investment, who don’t think the headache of going public is worth the effort.

Jun 19, 2013

Tesla to deploy local lawyers to challenge U.S. dealer laws

SAN FRANCISCO, June 18 (Reuters) – Tesla Motor Inc
is marshalling lawyers across the country to prepare for a
“multi-front war” against local laws that risk stalling the
electric vehicle maker’s plan to bypass dealerships and sell
directly to consumers.

Chief Executive Elon Musk told Reuters the company is facing
strong opposition from local politicians and the powerful auto
dealerships that bankroll their campaigns.

Jun 19, 2013

IPO? No thanks, say Silicon Valley CEOs

SAN FRANCISCO (Reuters) – The Silicon Valley IPO has lost its cachet, and big investors need to pay attention.

That’s the view of two prominent startup chief executives awash in offers of private investment, who don’t think the headache of going public is worth the effort.

Jun 4, 2013

Bill Gates leads $35 million investment in research network

SAN FRANCISCO (Reuters) – Microsoft co-founder Bill Gates is leading a $35 million investment in ResearchGate, a Berlin-based network for scientists that ties into his interest in fighting disease.

ResearchGate allows researchers around the world to collaborate more easily. They might put out a call to colleagues to find, say, free samples of diseased tissue to analyze, or a partner to work with on a project.

May 28, 2013

Fisker loses key board member as bidders circle company

DETROIT/SAN FRANCISCO, May 28 (Reuters) – Fisker Automotive,
the cash-strapped “green” car maker that is seeking a buyer, has
lost an influential board member who was key in attracting
investors to the startup in its early days.

Ray Lane, 66, resigned from the board on Friday, Lane’s
venture capital firm Kleiner Perkins Caufield & Byers and the
car maker confirmed on Tuesday.

May 24, 2013

Tiger Global invests $50 million in Automattic’s WordPress

SAN FRANCISCO, May 24 (Reuters) – Automattic, the company
that operates blogging service WordPress, announced a $50
million investment from hedge fund Tiger Global on Friday.

The investment comes on the heels of Yahoo’s $1.1
billion acquisition of blogging company Tumblr, showing the high
prices fast-growing services that targeting Internet users can
command. The valuation for WordPress was similar, Fortune
reported. A spokeswoman for WordPress declined to comment.

May 24, 2013

Google eyes Waze as Facebook circles hot Web maps property

SAN FRANCISCO (Reuters) – Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

May 24, 2013

Google, like Facebook, in talks to buy Waze for $1 billion: report

SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook (FB.O: Quote, Profile, Research) is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

May 20, 2013

Online takeout companies GrubHub and Seamless to merge

SAN FRANCISCO, May 20 (Reuters) – Two of the nation’s
biggest online food delivery businesses said they are merging in
a deal that they hope will drive more orders, in more cities,
through their platforms.

GrubHub and Seamless, which allow consumers to easily order
online from various restaurants, are part of a group of
fast-growing businesses that standardize local services under a
national umbrella. Think restaurant reservations, where
OpenTable dominates, or car services, where privately
held startups such as Uber are making significant inroads.