Sarah's Feed
Dec 10, 2012

US patent lawsuits now dominated by ‘trolls’ -study

SAN FRANCISCO, Dec 10 (Reuters) – For the first time,
individuals and companies that do not themselves make anything -
commonly known as “patent trolls” – are bringing the majority of
U.S. patent lawsuits, according to a study by a California law
professor.

The sharp increase in this type of lawsuit serves as a
milestone likely to exacerbate the tension over patent issues
and increase calls for patent reform and scrutiny of the system.

Dec 7, 2012

Investor finds fertile territory in over-35 entrepreneurs

SAN FRANCISCO (Reuters) – When he started looking around for start-ups in which to invest, Dan Scheinman noticed something: twenty-something entrepreneurs building Internet companies usually had a much easier time lining up early financing from venture capitalists compared to their forty- and fifty- something counterparts.

Age bias, increasingly acknowledged as a widespread phenomenon in Silicon Valley, has created opportunity too.

Nov 29, 2012

GE CEO Immelt embraces software; VC Andreessen embraces hardware

SAN FRANCISCO, Nov 29 (Reuters) – General Electric,
famous for branded hardware from lightbulbs to turbines, is
pushing hard into software, chief executive Jeffrey Immelt said
at the Minds and Machines conference on Thursday.

“In an industrial company, avoid software at your own
peril,” Immelt said in a discussion with Marc Andreessen, the
famously pro-software venture capitalist, and Chris Anderson,
editor of Wired magazine.

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.