SAN FRANCISCO (Reuters) – Facebook took the first step toward public markets in the year’s most highly anticipated IPO, which could catapult co-founder Mark Zuckerberg into sixth place among the world’s richest people.
The world’s largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted to Silicon Valley’s top tier within 8 years, is expected to make its market debut in the middle of the year. It could raise much more than the $5 billion initially targeted, and value Facebook at up to $100 billion.
Just a few months after lining up $33 million in funding for his enterprise-software start-up Domo, Omniture founder Josh James has raised another $20 million, this time from Institutional Venture Partners.
“This is a pretty straightforward investment thesis,” said IVP general partner Todd Chaffee. “It’s called Josh James.” Chaffee invested in web-analytics business Omniture, which James sold to Adobe Systems for $1.8 billion in 2009, so he is familiar with James’s drive.
SAN FRANCISCO (Reuters) – Venture capital fund Andreessen Horowitz raised $1.5 billion for a new fund, bringing the firm’s assets under management to $2.7 billion and cementing the firm’s position among the venture-capital elite.
“It’s a very opportunity-rich environment right now,” said Marc Andreessen, the firm’s co-founder, who said the firm planned to stick to its strategy of investing in companies with the potential to upend an industry, often around the software theme, which he sees playing out for some time.
Scheduling a doctor’s appointment online beats dealing with hold times and back-and-forth on the phone, but it also delivers an important social benefit, argues ZocDoc co-founder and CEO Cyrus Massoumi.
Here’s how: in coming years, the U.S. will likely have a significant shortfall of doctors– perhaps 125,000 fewer than needed by 2025, estimates the Association of American Medical Colleges, one of several agencies predicting a shortage. Already, wait times to see doctors can range into the months for some specialties or areas of the country.
SAN FRANCISCO (Reuters) – The crackdown on file-sharing site Megaupload is expected to do little to reduce overall piracy of music, software and Hollywood movies, while potentially stifling emerging means of distributing content online.
In the wake of last week’s surprising indictment of the digital storage company and seven executives, other companies have begun changing their policies even as Megaupload officers maintained their innocence in a first court appearance in New Zealand.
SAN FRANCISCO, Jan 23 (Reuters) – The crackdown on
file-sharing site Megaupload is expected to do little to reduce
overall piracy of music, software and Hollywood movies, while
potentially stifling emerging means of distributing content
In the wake of last week’s surprising indictment of the
digital storage company and seven executives, other companies
have begun changing their policies even as Megaupload officers
maintained their innocence in a first court appearance in New
(Reuters) – The massive online protest last Wednesday, in which Wikipedia and thousands of other websites closed down or otherwise protested and helped to kill controversial online piracy legislation, was widely heralded as an unprecedented case of a grassroots uprising overcoming backroom lobbying.
Yet a close look at how the debate unfolded suggests that traditional means of influencing policy in Washington had its place too. The technology industry has ramped up its political activities dramatically in recent years, and in fact, has spent more than the entertainment industry — $1.2 billion between 1998 and 2011, compared with $906.4 million spent by entertainment companies.
SAN FRANCISCO (Reuters) – U.S. venture capitalists opened their wallets a bit wider in the last quarter of 2011 than a year ago, but they’re not quite as flush as their largesse would indicate.
The industry invested some $6.57 billion in the nation’s startups, up 19 percent from the $5.52 billion invested a year earlier, according to the National Venture Capital Association and Pricewaterhouse Coopers, using data from Thomson Reuters.
Getting people to add “STOP SOPA” banners to their Twitter and Facebook profile photos was more than just a message about pending legislation.
The banners, which swept the Internet in recent days, allowed people to quickly signal opposition to the antipiracy bills known as PIPA and SOPA, which many critics say are too broad. They are the brainchild of Greg Hochmuth, an engineer at photo site Instagram, and former Google product manager Hunter Walk, who created the site blackoutsopa.org.
Jan 18 (Reuters) – Wikipedia, the world’s free online
encyclopedia, went dark on Wednesday and other Internet players
including Google put black censorship bars on portions of their
websites in protest of pending U.S. legislation designed to curb
The unusual protest was visible across the Internet in many
forms on Wednesday, with dozens of commercial and non-profit
websites either closing down for the day or urging visitors to
oppose what had until recently been a relatively obscure and
technical legislative proposal.