Sarah's Feed
Jul 6, 2013

One killed, over 20 injured as South Korean airliner crashes in San Francisco

SAN FRANCISCO (Reuters) – An Asiana Airlines Boeing 777 with more than 300 people on board crashed on Saturday while landing at San Francisco airport after a flight from Seoul and burst into flames, and a South Korean official said one person was killed and 20-30 injured.

Pictures taken immediately after the crash showed passengers streaming off the plane. TV footage from the air later showed the badly damaged fuselage of the Boeing 777 blackened by fire.

Jun 27, 2013

Ex-Kleiner partner wins bid to keep discrimination case in public eye

SAN FRANCISCO (Reuters) – A high-profile Silicon Valley sex discrimination lawsuit moved closer to a trial after a panel of justices ruled that venture capital firm Kleiner Perkins Caufield & Byers cannot take a former partner’s claims to arbitration.

The suit, which pits former partner Ellen Pao against one of Silicon Valley’s most storied venture 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.

Jun 21, 2013

Sharing-economy companies go mainstream

SAN FRANCISCO (Reuters) – A few years ago, renting out a spare room via the lodging website Airbnb bordered on daring. Now, in thousands of cities around the world, it seems almost conventional.

But as the founders of the emerging category of “sharing economy” companies are learning, going mainstream brings a whole new set of legal and regulatory challenges.

Jun 21, 2013

REUTERS SUMMIT Sharing-economy companies go mainstream

SAN FRANCISCO, June 21 (Reuters) – A few years ago, renting
out a spare room via the lodging website Airbnb bordered on
daring. Now, in thousands of cities around the world, it seems
almost conventional.

But as the founders of the emerging category of “sharing
economy” companies are learning, going mainstream brings a whole
new set of legal and regulatory challenges.

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.