Sarah's Feed
May 10, 2013

Elon Musk quits Zuckerberg’s immigration advocacy group

SAN FRANCISCO/WASHINGTON, May 10 (Reuters) – Billionaire
environmentalist Elon Musk has quit a Silicon Valley advocacy
group formed by Facebook (FB.O: Quote, Profile, Research) founder Mark Zuckerberg after
the group funded ads for senators touting their support for an
oil pipeline and oil drilling in Alaska.

Musk leads one of the world’s best known “green” companies,
electric carmaker Tesla (TSLA.O: Quote, Profile, Research). A Tesla spokeswoman told
Reuters on Friday that the South African-born entrepreneur
preferred not to elaborate on his reasons for leaving FWD.us.

May 6, 2013

In Silicon Valley, snarky blogs make a comeback

SAN FRANCISCO, May 6 (Reuters) – Silicon Valley is taking
itself a tad too seriously, and a few of its shriller residents
have taken note.

Recent weeks have seen the birth of a few new blogs poking
fun at America’s crucible of technology, among them
whitemenwearinggoogleglass.tumblr.com, a relaunched version of
the classic Valleywag.com, and, perhaps most discussed,
jesuschristsiliconvalley.tumblr.com

May 1, 2013

Uber investor gauges interest in major new funding round -source

April 30 (Reuters) – An investor in Uber, the fast-growing
alternative taxi service, has reached out to a venture capital
firm about a potential new funding round that could value the
company at $1 billion or more, a person familiar with the
situation told Reuters.

Uber’s chief executive, Travis Kalanick, said the company
was not currently raising money.

Apr 30, 2013

Exclusive: Ride service Uber raising cash at $1 billion valuation

SAN FRANCISCO (Reuters) – Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation.

If the company succeeds, it will join an elite group of start-ups that command 10-figure valuations. The situation underscores investors’ desire to pay premiums for any company they think might become the type of outsized success story along the lines of business network LinkedIn or software company Workday.

Apr 30, 2013

Ride service Uber raising cash at $1 billion valuation

SAN FRANCISCO, April 30 (Reuters) – Ride-sharing service
Uber is raising a new funding round at a valuation of $1
billion, according to a person familiar with the situation.

If the company succeeds, it will join an elite group of
start-ups that command 10-figure valuations. The situation
underscores investors’ desire to pay premiums for any company
they think might become the type of outsized success story along
the lines of business network LinkedIn or software
company Workday.

Apr 20, 2013

Search for Boston bombers likely relied on eyes, not software

By Sarah McBride

(Reuters) – As investigators searched through videos and photos for clues that ultimately led them to the suspects in this week’s bombing at the Boston Marathon, their search likely relied more on old-fashioned police work than technology, officials who work on such investigations and related technology say.

Advances in facial-recognition technology and related fields have been significant in recent years, but the technology mostly still isn’t good enough to match blurry images or those that show a face only from an angle, say people familiar with law-enforcement dealings.

Apr 11, 2013

Ex-Kleiner partner Ellen Pao lands job at website Reddit

SAN FRANCISCO (Reuters) – Ellen Pao, a former Kleiner Perkins Caufield & Byers junior partner who is suing the venture capital firm for gender discrimination, has landed a new job heading up strategic partnerships at social-news website Reddit.

Pao had been working with Reddit for the last year, according to a blog post by Reddit Chief Executive Yishan Wong on Thursday. (here) Her work there gives her an operational role rather than the advisory role venture capitalists typically take.

Apr 11, 2013

Foursquare resorts to debt in latest financing

SAN FRANCISCO (Reuters) – Foursquare said on Thursday it raised $41 million in a new financing round that relied on debt, rather than equity, to give the location-based start-up the money it needs to keep expanding.

The cash came from a new investment by technology private-equity firm Silver Lake, through its Waterman growth debt fund, as well as existing investors Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures, Foursquare founder Dennis Crowley wrote in a blog.

Apr 10, 2013

Big venture firms eye opportunity in Google Glass

SAN FRANCISCO, April 10 (Reuters) – Venture firms Andreessen
Horowitz, Google Ventures, and Kleiner Perkins Caufield & Byers
are teaming up to provide funding for startups working with
Google Glass, the hybrid eyeglasses and smartphone developed by
Google.

The firms aim to provide funding to startups working on
applications and hardware designed to work with the glasses,
they said on Wednesday.

Apr 10, 2013

In U.S. immigration debate, some query skilled-worker shortage

SAN FRANCISCO, April 10 (Reuters) – As the wrangling over
immigration reform intensifies in the U.S. Congress, the tech
industry is lobbying hard to raise the limit on H-1B visas,
which allow non-U.S. citizens with advanced skills and degrees
in “specialty occupations” to work in the country for up to six
years.

Demand is so great that the annual cap of 65,000 was hit
last week, just days after the application period opened.
Technology companies support raising the H-1B quota almost
five-fold, to 300,000, arguing universities are just not turning
out enough American math and science graduates and they need to
cast their net abroad to stay competitive.