Sarah's Feed
Dec 13, 2012

Khosla Ventures hires former top diplomat Condoleezza Rice

SAN FRANCISCO, Dec 13 (Reuters) – Khosla Ventures, the
venture firm founded by Sun Microsystems co-founder Vinod
Khosla, said it had retained former Secretary of State
Condoleezza Rice and her consulting firm as strategic advisers.

The move points to the growing importance venture firms
attach to helping their portfolio companies with policy and
regulations.

Dec 12, 2012

Andreessen denies Internet bubble, advises Times to stop printing

SAN FRANCISCO, Dec 12 (Reuters) – Far from experiencing a
bubble, Silicon Valley has been in the throes of a “technology
depression,” Netscape co-founder and venture capitalist Marc
Andreessen said at the New York Times Dealbook conference on
Wednesday.

While conventional wisdom holds that social-networking
website Facebook Inc’s initial public offering pricked a
bubble that was taking hold around privately held consumer
Internet companies, Andreessen expressed skepticism.

Dec 11, 2012

Russian billionaire invests in U.S. genetics company 23andMe

SAN FRANCISCO (Reuters) – Russian billionaire Yuri Milner, best-known for investments linking consumers to the Internet, is placing a bet on genetics.

Milner, who backed companies ranging from Facebook Inc (FB.O: Quote, Profile, Research, Stock Buzz) to gaming company Zynga Inc (ZNGA.O: Quote, Profile, Research, Stock Buzz), has led a $50 million funding round into 23andMe, a Mountain View, California, company that helps people decipher their genetic makeup.

Dec 10, 2012

Patent lawsuits now dominated by “trolls”: study

SAN FRANCISCO (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 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.