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.
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.
SAN FRANCISCO, July 31 (Reuters) – Oakland leaders took
their financial troubles to the doorstep of Goldman Sachs on
Tuesday, urging other cities to join them in fighting a bank
that has become a lightning rod for criticism of the U.S.
Oakland is trying to get out of a Goldman-brokered interest
rate swap that is costing the cash-starved city some $4 million
a year. The swap, entered into 15 years ago as part of a bond
sale to hedge against rising interest rates, has turned sour for
Oakland now that interest rates are near zero.
SAN FRANCISCO (Reuters) – Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype.
With few exceptions, the first wave of social media firms to trade on the public markets has delivered a disastrous performance that conjures memories of the dot-com bust of 2000.
SAN FRANCISCO, July 27 (Reuters) – Social media companies,
once hailed by their Silicon Valley boosters as world-changing
businesses with limitless potential, are instead proving a
sobering reminder of how investors can be seduced by Internet
With few exceptions, the first wave of social media firms to
trade on the public markets has delivered a disastrous
performance that conjures memories of the dot-com bust of 2000.
“We are seeing a lot more dealflow outside the U.S.” said Intel Capital President Arvind Sodhani, an Indian-born globetrotter who believes the trend will continue– if only because that’s where most of the world economy is.
SAN FRANCISCO, June 27 (Reuters) – Mobile payments company
Square is close to securing around $200 million in new funding
from private-equity investor Suhail Rizvi at a valuation of
about $3.25 billion, a source familiar with the matter told
Reuters, less than the company had hoped for.
Square, headed by Twitter co-founder and chairman Jack
Dorsey, has secured previous financing from prominent venture
capitalists and some said it had been seeking new funding at a
$4 billion valuation.
SAN FRANCISCO (Reuters) – Asana, a Silicon Valley start-up, has lined up $28 million in a financing round led by PayPal co-founder Peter Thiel and his Founders Fund, the company said.
The funding round values the workplace-collaboration company at $280 million, a person familiar with the matter said.
July 23 (Reuters) – Redpoint e.ventures, the Brazilian
venture-capital firm created by Redpoint Ventures and
e.ventures, said it had raised $130 million for its inaugural
The sum, significant for venture capital in Brazil,
underscores the region’s increasingly high profile among
investors. They see opportunity in a country with a large
population, a fast-growing middle class, big growth potential
and political stability.
SAN FRANCISCO, July 20 (Reuters) – Venture-capital firm
Kleiner Perkins Caufield & Byers said o n F riday it would appeal
a California judge’s decision that an employment discrimination
case brought by one of its partners should stay in court rather
than move to arbitration as Kleiner had requested.
The appeal, which could take months, seems likely to keep
one of Silicon Valley’s higher-profile cases in the public eye
for now. Kleiner Partner Ellen Pao’s suit has become the talk of
the Bay Area, inspiring debate on its merits as well as the
broader question of sexism in the technology industry.