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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.

Jul 31, 2012

Oakland leaders urge broad battle with Goldman Sachs

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.
financial system.

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.

Jul 27, 2012

Analysis: Internet stock collapse dents Silicon Valley

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.

Jul 27, 2012

Internet stock collapse dents Silicon Valley

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
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.

Jul 27, 2012
via MediaFile

Intel Outside: Chipmaker’s VC chief sees opportunity outside the US

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The venture arm of the world-beating chipmaker Intel Capital is increasingly looking outside the U.S. for deals– and finding them in places ranging from Ghana to Turkey.

“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.

Jul 25, 2012

Square wins new backer at $3.25 bln valuation -source

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.