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Oct 4, 2012

Quantum computing firm D-Wave gets $30 mln investment

SAN FRANCISCO, Oct 4 (Reuters) – D-Wave Systems, a
Vancouver-based company that aims to develop quantum-computing
applications, said on Thursday it had received $30 million in
funding from investors including the firm that manages Amazon
founder Jeff Bezos’s venture investments and an investment arm
of the Central Intelligence Agency.

The investments, from Bezos Expeditions and In-Q-Tel, mark a
vote of confidence in the potential for practical applications
for the emerging technology underpinning quantum computing.

Oct 3, 2012

Andreessen Horowitz invests $15 million in website Rap Genius

SAN FRANCISCO, Oct 3 (Reuters) – Venture capitalist Ben
Horowitz is famous for starting his blog posts with rap lyrics.
Now, he will be putting his money into the mix.

His firm, Andreessen Horowitz, announced Wednesday a $15
million investment in Rap Genius, a website using crowdsourcing
to dig into and explain arcane details of rap lyrics.

Oct 3, 2012

Kleiner partner leaves amid suit, firm says she’s still on staff

SAN FRANCISCO, Oct 3 (Reuters) – A sexual harassment lawsuit
that has rocked Silicon Valley has taken another turn, with the
Kleiner Perkins Caufield & Byers partner who filed the suit
saying the firm told her on Monday to “leave and not come back.”

The firm, however, said she was still an employee.

“I have been terminated from my job at KPCB,” Ellen Pao
wrote in a post on the question-and-answer site Quora late
Tuesday.

Oct 2, 2012

Venture-backed exits rise in 3rd-qtr, politics dampen outlook

SAN FRANCISCO, Oct 2 (Reuters) – The value of venture-backed
initial public offerings and acquisitions grew slightly in the
third quarter from a year ago, but political factors could
weaken the current-quarter outlook, the National Venture Capital
Association said.

Last quarter, 10 venture-backed companies raised a total of
$1.09 billion through IPOs, up from five companies and $475.9
million a year earlier, according to data from Thomson Reuters
and the NVCA released on Tuesday.

Oct 2, 2012

Indian-born dominate US tech start-ups founded by immigrants: study

SAN FRANCISCO (Reuters) – A new study showing that immigrants founded one quarter of U.S. technology start-up companies could fuel calls to relax immigration rules ahead of next month’s U.S. presidential elections, where the economy and immigration are key issues.

The study “America’s New Immigrant Entrepreneurs: Then and Now,” shows that 24.3 percent of engineering and technology start-up companies have at least one immigrant founder serving in a key role. Indian-born entrepreneurs, representing 33 percent of the companies, dominated the group.

Oct 2, 2012

A quarter of US tech start-ups founded by immigrants: study

SAN FRANCISCO, Oct 2 (Reuters) – A new study showing that
immigrants founded one quarter of U.S. technology start-up
companies could fuel calls to relax immigration rules ahead of
next month’s U.S. presidential elections, where the economy and
immigration are key issues.

The study “America’s New Immigrant Entrepreneurs: Then and
Now,” shows that 24.3 percent of engineering and technology
start-up companies have at least one immigrant founder serving
in a key role. Indian-born entrepreneurs, representing 33
percent of the companies, dominated the group.

Oct 2, 2012

One quarter of U.S. tech start-ups founded by an immigrant: study

SAN FRANCISCO (Reuters) – A new study showing that immigrants founded one quarter of U.S. technology start-up companies could fuel calls to relax immigration rules ahead of next month’s U.S. presidential elections, where the economy and immigration are key issues.

The study “America’s New Immigrant Entrepreneurs: Then and Now,” shows that 24.3 percent of engineering and technology start-up companies have at least one immigrant founder serving in a key role.

Sep 16, 2012

Start-ups fight back as patent wars intensify

SAN FRANCISCO, Sept 16 (Reuters) – The patent wars that have
embroiled many of the world’s technology giants in recent years
are spreading to a new set of combatants: start-up companies and
their venture-capital backers.

A group familiar to many larger technology companies is
instigating the battles: non-performing entities, or NPEs, who
acquire patents or serve as agents for inventors. Paradoxically,
they often represent start-up friendly institutions such as
universities.

Sep 13, 2012

University of California sues Facebook, Wal-mart over patents

SAN FRANCISCO (Reuters) – A University of California patent licensee which has sued some of the biggest U.S. companies is taking on three more — Facebook Inc, Wal-Mart Stores Inc and the Walt Disney Co.

Eolas Technologies Inc and the Regents of the University of California filed lawsuits on Wednesday over four patents they believe the companies are infringing.

Aug 2, 2012

Accel beefs up big data team with new hire from Splunk

SAN FRANCISCO, Aug 1 (Reuters) – Venture capital firm Accel
Partners said it has hired a new partner from big-data company
Splunk, underscoring Silicon Valley’s growing obsession
with technology that helps businesses collect and analyze
massive amounts of information.

Jake Flomenberg, formerly director of product management at
Splunk, has “a deep technical background, and a good lens into
big data” said Ping Li, a partner who manages Accel’s $100
million big-data fund and its investments into companies such as
data-organizing service Cloudera.