Sarah's Feed
Aug 29, 2014

Women venture capitalists underperform men, say Harvard academics

SAN FRANCISCO, Aug 21 (Reuters) – Women venture capitalists
underperform their male counterparts by some 15 percent,
according to a new Harvard University study, but the performance
differences have narrowed over time and in firms that employ
more than a single female venture partner.

“We find that female venture capitalists significantly
underperform their male colleagues,” wrote Paul Gompers,
Vladimir Mukharlyamov and Yuhai Xuan of Harvard and Emily
Weisburst of the University of Texas at Austin in their study,
“Gender Effects in Venture Capital.”

Aug 22, 2014

U.S. venture firm Kleiner Perkins suffers security breach

SAN FRANCISCO (Reuters) – California detectives are investigating a July computer theft at storied venture capital-firm Kleiner Perkins Caufield & Byers, a spokeswoman for the Menlo Park police said on Thursday.

The theft may put Kleiner in jeopardy of losing valuable financial data and making the firm the latest in a long list of businesses that have lost sensitive information to thieves. In this case, the information was taken by physical, not electronic, means.

Aug 21, 2014

Women venture capitalists underperform men, say Harvard academics

SAN FRANCISCO, Aug 21 (Reuters) – Women venture capitalists
underperform their male counterparts by some 15 percent,
according to a new Harvard University study, but the performance
differences have narrowed over time and in firms that employ
more than a single female venture partner.

“We find that female venture capitalists significantly
underperform their male colleagues,” wrote Paul Gompers,
Vladimir Mukharlyamov and Yuhai Xuan of Harvard and Emily
Weisburt of the University of Texas at Austin in their study,
“Gender Effects in Venture Capital.”

Aug 20, 2014

Despite lip service, Silicon Valley venture capital still a man’s world

SAN FRANCISCO, Aug 20 (Reuters) – When she started her
child-support tracking business SupportPay, Sheri Atwood
expected all kinds of suggestions – but not the tip she got from
a female investor who suggested she dye her blonde hair darker
to be taken more seriously by venture capitalists.

To Atwood, who eventually won her funding from other
backers, the recommendation underscored an attitude in Silicon
Valley that women make second-class entrepreneurs. If more women
held the purse strings at venture capital firms, the attitude
would change, she said.

Aug 19, 2014

Former Obama campaign manager to run Uber’s political strategy

SAN FRANCISCO (Reuters) – Uber has enlisted David Plouffe, President Barack Obama’s 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.

The San Francisco-based company, which is waging an intense campaign against taxi drivers who fear encroachment on their turf, said in a blog post on Tuesday that Plouffe will begin in late September as senior vice president of policy and strategy.

Aug 19, 2014

Venture firm tries telling others how to invest in private companies

SAN FRANCISCO, Aug 19 (Reuters) – A Washington, D.C.-area
company that invests in startup companies is moving into a new
line of business: advising others on how they too can invest in
startups.

Disruption Corp., which runs the Crystal Tech Fund in
Crystal City, Virginia, said Tuesday that regulators had
licensed it to provide investment guidance. It is licensed by
the state of Virginia and appears on the Securities and Exchange
Commission’s list of registered advisors.

Aug 12, 2014

Far from Hollywood, neighbors mourn a friendly, bike-riding, comedy legend

By Sarah McBride

TIBURON Calif. (Reuters) – In Robin Williams’ northern California neighborhood, far from the glitz and glamor of Hollywood, a stunned and saddened community remembered a low-key man who loved bike riding and never got too famous for a playful wave or banter.

“Everyone loved him, but nobody bothered him. He would live unrecognized and just keep to himself,” said Johanna Denning, a neighbor who often saw Williams riding his bike amid low-slung houses with views of the San Francisco Bay.

Aug 12, 2014

Comic virtuoso Robin Williams dead at 63 from apparent suicide

, Aug 12 (Reuters) – Robin Williams, the
versatile actor whose madcap comic style made him one of
television and film’s biggest stars, was found dead on Monday
from an apparent suicide at his home in Northern California. He
was 63.

The comedian’s appeal stretched across generations and
genres, from family fare as the voice of Disney’s blue Genie in
“Aladdin” to his portrayal of a fatherly therapist in the 1997
drama “Good Will Hunting,” for which he earned his sole Oscar.

Aug 12, 2014

Actor Robin Williams dead at 63 from apparent suicide

By Sarah McBride

TIBURON Calif. (Reuters) – Robin Williams, the versatile actor whose madcap comic style made him one of television and film’s biggest stars, was found dead on Monday from an apparent suicide at his home in Northern California. He was 63.

The Marin County Sheriff’s coroner’s division said it suspected Williams committed suicide by asphyxia, but the cause of death is still under investigation and an autopsy will be conducted Tuesday.

Aug 8, 2014

Exclusive: Tango secondary financing values company at around $1.5 billion

SAN FRANCISCO (Reuters) – Tango, the mobile messaging company, is arranging a financing transaction that would value its business at around $1.5 billion, roughly one-third more than the valuation it received just five months ago, according to three people familiar with the situation.

Tango’s transaction would involve early investors and shareholders selling shares to Ukrainian-born billionaire Len Blavatnik, who wishes to increase his stake, and potentially others, according to one of the people. Blavatnik, who owns Warner Music Group, first invested in Tango in 2011, when he led a $42 million funding round that valued the company at $160 million.