Apple fans sad as Jobs steps down, fear for health
SAN FRANCISCO (Reuters) – Apple Inc fans paid tribute to Steve Jobs on Wednesday, but expressed mostly sadness at his resignation as CEO and aired their fears for the health of the technology giant’s guiding visionary.
Jobs, who has been on medical leave since January, will carry on as chairman of the company he co-founded in the late 1970s, but it is unclear how much he will contribute.
Analysis: When Google+ gives Facebook a run for its money
SAN FRANCISCO (Reuters) – Facebook finally has a serious competitor. At least, that’s what social-media investor Sergio Monsalve thinks.
Venture capitalists such as Monsalve see early signs that Google+, which has picked up more than 25 million users since launching in June, is headed down the right path.
When Google+ gives Facebook a run for its money
SAN FRANCISCO, Aug 18 (Reuters) – Facebook finally has a
serious competitor. At least, that’s what social-media investor
Sergio Monsalve thinks.
Venture capitalists such as Monsalve see early signs that
Google+, which has picked up more than 25 million users since
launching in June, is headed down the right path.
Khosla loses two cleantech experts as partners
SAN FRANCISCO/NEW YORK (Reuters) – Partners Jim Kim and Alex Kinnier will depart Khosla Ventures Aug. 15, leaving the firm short of two partners just months after it said it was raising a $1.05 billion fund.
Both specialized in renewable energy, a focus of Khosla Ventures, but one that has been slow to reap big returns.
Vinod Khosla loses two cleantech experts as partners
SAN FRANCISCO/NEW YORK (Reuters) – Partners Jim Kim and Alex Kinnier will depart Khosla Ventures Aug. 15, leaving the firm short of two partners just months after it said it was raising a $1.05 billion fund.
Both specialized in renewable energy, a focus of Khosla Ventures, but one that has been slow to reap big returns.
Exclusive: Khosla loses two cleantech experts as partners
SAN FRANCISCO/NEW YORK (Reuters) – Partners Jim Kim and Alex Kinnier will depart Khosla Ventures August 15, leaving the firm short of two partners just months after it said it was raising a $1.05 billion fund.
Both specialized in renewable energy, a focus of Khosla Ventures, but one that has been slow to reap big returns.
As thieves check in, Airbnb meets reality check
It’s a good thing San Francisco-based accomodation business Airbnb wrapped up its latest round of fundraising last week, just days before its reputation shifted from hipster accomodation service to crashpad for thieves and meth addicts.
The site announced last Monday it had raised $112 million in a round led by heavyweight venture-capital firm Andreessen Horowitz. Just two days later, a woman who had rented her San Francisco apartment through Airbnb in June blogged about returning to a ransacked home. She described missing heirloom jewelry, burned sheets, and a stolen Mastercard in a story that went viral online. On Sunday, another Bay Area renter told TechCrunch about his return to a home littered with meth pipes– and short his birth certificate.
HP chairman sees turnaround as long-term project
SAN FRANCISCO (Reuters) – Turning around troubled Hewlett-Packard is a long-term project that will require more investment in the business, company chairman and venture capitalist Ray Lane said.
After two disappointing quarters marked by slashed sales expectations, some on Wall Street had begun to question whether Chief Executive Leo Apotheker’s strategy of embracing cloud computing and mobile software would bear fruit.
First Fisker production cars roll off lines
SAN FRANCISCO, July 26 (Reuters) – Fisker Automotive has
started doling out its long-anticipated extended-range electric
cars — and chairman of the board Ray Lane wasn’t the first to
get one.
That car went to actor Leonardo di Caprio, who also is a
Fisker investor. He wasn’t showing off his new car to reporters
on Tuesday, but Kleiner Perkins Caufield & Byers managing
partner Ray Lane was.
Micro-lender Zestcash latest to win VC backing
SAN FRANCISCO, July 21 (Reuters) – The economy has
consumers in a stranglehold, and some tech entrepreneurs — and
well-heeled venture-capitalists — are taking notice.
Los Angeles-based ZestCash is the latest in a string of
short-term consumer-loan companies to win VC backing, landing
$11 million in Series A equity financing from a group led by
Lightspeed Venture Partners and GRP Partners, plus $8 million
in debt financing.
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