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.
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.
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.
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.
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.
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.
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.
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.
SAN FRANCISCO, May 17 (Reuters) – Strong debuts in the
initial public offerings of two business software companies on
Friday underscored a pattern in the market: While consumer
companies like Facebook Inc get the buzz, enterprise
companies are racking up most of the market gains.
IPOs Tableau Software Inc and Marketo Inc
both soared more than 50 percent in their first day of trading.
SAN FRANCISCO/WASHINGTON (Reuters) – Billionaire environmentalist Elon Musk has quit a Silicon Valley advocacy group formed by Facebook 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. A Tesla spokeswoman told Reuters on Friday that the South African-born entrepreneur preferred not to elaborate on his reasons for leaving FWD.us.