Sarah's Feed
Nov 27, 2012

SPECIAL REPORT: Silicon Valley’s dirty secret: age bias

SAN FRANCISCO (Reuters) – When Randy Adams, 60, was looking for a chief-executive officer job in Silicon Valley last year, he got turned down from position after position that he thought he was going to nail – only to see much younger, less-experienced men win out.

Finally, before heading into his next interview, he shaved off his gray hair and traded in his loafers for a pair of Converse sneakers. The board hired him.

Nov 27, 2012

Special Report: Silicon Valley’s dirty secret – age bias

SAN FRANCISCO (Reuters) – When Randy Adams, 60, was looking for a chief-executive officer job in Silicon Valley last year, he got turned down from position after position that he thought he was going to nail — only to see much younger, less-experienced men win out.

Finally, before heading into his next interview, he shaved off his gray hair and traded in his loafers for a pair of Converse sneakers. The board hired him.

Nov 19, 2012

Hunch co-founder Dixon joins venture firm Andreessen Horowitz

SAN FRANCISCO (Reuters) – Chris Dixon, the entrepreneur behind recommendation service Hunch and web-security company SiteAdvisor, will join Silicon Valley venture-capital firm Andreessen Horowitz in January, he and the firm said.

Dixon, 40, has substantial experience with extremely young companies in the “angel” phase. His angel investments have included online phone-service Skype, acquired by eBay; crowdfunding site Kickstarter, and online bulletin board-service Pinterest.

Nov 16, 2012

TiVo backer Redpoint raising $400 million fund

SAN FRANCISCO, Nov 16 (Reuters) – Redpoint Ventures, the
venture-capital firm behind digital-video recording company TiVo
and vacation-rental company HomeAway, is
raising a $400 million fund, according to a person familiar with
the matter.

The fund comes a year after Redpoint closed on a $400
million growth fund and almost three years after it closed on
Redpoint IV.

Nov 13, 2012

Microsoft shares fall after departure of key executive

SAN FRANCISCO (Reuters) – Shares of Microsoft Corp MSOFT.O slid on Tuesday after the surprise departure of a key executive, who analysts said marks the loss of the driving force behind the company’s biggest product.

The shares were down 2.8 percent in afternoon at $27.21.

Microsoft on Monday night announced the departure of Steve Sinofsky, a 23-year veteran of the company and head of its flagship Windows unit, just two weeks after launching the Windows 8 operating system.

Nov 8, 2012

Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) – Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.

Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor.

Nov 8, 2012

Youth support drives passage of California tax-hike measure

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.

Nov 1, 2012

Start-ups plan new ways to deal with future disasters

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.

Oct 29, 2012

Stanford alumni raise the most venture-capital cash

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.

Oct 29, 2012

Obama’s allure fades among venture capitalists

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.