SAN FRANCISCO (Reuters) – California’s 74-year-old governor, Jerry Brown, engineered a surprise victory for his tax-hike ballot proposition by tapping support at the other end of the age spectrum.
Proposition 30, a temporary $6 billion tax hike, passed with a solid 54 percent approval on Tuesday, driven largely by a higher-than-expected turnout of young voters, pollsters and analysts say.
SAN FRANCISCO (Reuters) – Floating robots to gather storm data, fuel cells for power outages, and tools to choose evacuation routes and help responders stay connected to the Internet are among the innovations that increasingly will help responders deal with future disasters, start-up companies say.
These tools are helping track weather patterns and measure their strength, soften their impact and speed recovery. Many are already proving their worth, not just in massive storm Sandy but in other weather disasters such as Hurricane Isaac and this summer’s extreme drought in the U.S. Midwest.
SAN FRANCISCO, Oct 29 (Reuters) – Stanford University alumni
with entrepreneurial streaks may be particularly well placed to
pay off their $41,250 tuition bills, according to a new report
on venture funding.
Companies run by Stanford alumni raised $4.1 billion across
more than 200 financings in the five years from 2007 to 2011,
according to CB Insights, a consultancy.
SAN FRANCISCO (Reuters) – Venture capitalists are proving a less reliable source of cash for President Barack Obama during this election, according to fundraising data, even though he has raised a record amount of cash overall.
Through September 30, Obama collected $552,758 from these deep-pocketed investors who provide startup money to firms, less than half his total through that time in 2008.
SAN FRANCISCO (Reuters) – The University of California must try to obtain and then disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield & Byers and Sequoia Capital, a state judge said in a tentative ruling made public on Tuesday.
The lawsuit, filed earlier this year in California state court in Oakland by Reuters America, a unit of Thomson Reuters Corp, argues that the state Public Records Act requires disclosure of specific investment-return information for the university system’s $10.65 billion endowment fund.
The WPP chief executive was in Silicon Valley last week, cozying up to technology bigwigs such as Google, Facebook, and Twitter. But spending a few days in the technology heartland hasn’t much changed how Sorrell plans to personally communicate.
SAN FRANCISCO, Oct 4 (Reuters) – D-Wave Systems, a
Vancouver-based company that aims to develop quantum-computing
applications, said on Thursday it had received $30 million in
funding from investors including the firm that manages Amazon
founder Jeff Bezos’s venture investments and an investment arm
of the Central Intelligence Agency.
The investments, from Bezos Expeditions and In-Q-Tel, mark a
vote of confidence in the potential for practical applications
for the emerging technology underpinning quantum computing.
SAN FRANCISCO, Oct 3 (Reuters) – Venture capitalist Ben
Horowitz is famous for starting his blog posts with rap lyrics.
Now, he will be putting his money into the mix.
His firm, Andreessen Horowitz, announced Wednesday a $15
million investment in Rap Genius, a website using crowdsourcing
to dig into and explain arcane details of rap lyrics.
SAN FRANCISCO, Oct 3 (Reuters) – A sexual harassment lawsuit
that has rocked Silicon Valley has taken another turn, with the
Kleiner Perkins Caufield & Byers partner who filed the suit
saying the firm told her on Monday to “leave and not come back.”
The firm, however, said she was still an employee.
“I have been terminated from my job at KPCB,” Ellen Pao
wrote in a post on the question-and-answer site Quora late
SAN FRANCISCO, Oct 2 (Reuters) – The value of venture-backed
initial public offerings and acquisitions grew slightly in the
third quarter from a year ago, but political factors could
weaken the current-quarter outlook, the National Venture Capital
Last quarter, 10 venture-backed companies raised a total of
$1.09 billion through IPOs, up from five companies and $475.9
million a year earlier, according to data from Thomson Reuters
and the NVCA released on Tuesday.