“The clock is really ticking,” he said about oldline software companies, singling out Oracle as “the most vivid case.”
SAN FRANCISCO, Sept 22 (Reuters) – Bill Nguyen is getting
what many Silicon Valley entrepreneurs can only dream of: a
In a cut-throat industry littered with the carcasses of
half-formed ideas, failed start-ups and collapsed venture
firms, the one-time hotshot is unveiling the second incarnation
of his Color social-pictures service on Thursday.
Lightspeed Venture Partners’ Andrew Chung is heading to Khosla Ventures, where he will focus on the cleantech and information-technology. At Lightspeed, he oversaw investments in biofuel company Solazyme, solar company Stion, and clean coal company Coaltek, among others. Chung will help fill the shoes of cleantech partners Jim Kim and Alex Kinnier, who left Khosla last month.
SAN FRANCISCO, Sept 14 (Reuters) – Former Kleiner Perkins
partner Eric Feng says there’s room for one more social
network– built around experiences, not people.
His network, Erly.com, launches on Wednesday and draws on
the idea that people want to organize their experiences–
weddings, bike rides, or vacations– around events themselves,
rather than people who participate.
It used to be that lazy entrepreneurs could rely on the old language-barrier excuse for why they weren’t expanding into fresh markets/sourcing from China/JV’ing with that start-up in Brazil.
Not anymore– if the Vocre app from San Jose startup myLanguage, unveiled afternoon at the TechCrunch Disrupt conference, works as advertised. Speak into your phone at English, and the guy listening at the other end in Beijing will hear your words in Mandarin (or he’s in Paris, French; in Tokyo, Japanese; or a handful of other languages).
The star of movies like “Dude, Where’s My Car?” and now of the hit show ‘Two and a Half Men” told conference goers at TechCrunch Disrupt that he tried to get the studio to plug some of his Internet start-up investments on the show– but they wouldn’t do it without compensation.
Kutcher, who said he majored in biochemical engineering in college, has invested in some of Silicon Valley’s hottest companies. His bets include check-in service Foursquare, bed-and-breakfast service Airbnb, and personalized magazine Flipboard.
SAN FRANCISCO (Reuters) – Tom Perkins, co-founder of Kleiner Perkins and the backer of companies ranging from Genentech to Google, believes much of the venture-capital industry has set itself up for failure.
“Mathematically, there’s no way that all venture capital in America will make 10 to 1,” or $10 for every dollar invested — a fairly typical return in past years — Perkins told Reuters.
Think of the founders of Freestyle Capital as the Marc Andreessen and Ben Horowitz for the seed-round set.
Serial entrepreneurs Josh Felser and Dave Samuel have been playing around making investments for the last couple years, but only recently decided to go public about Freestyle. “We kind of wanted to make sure we were decent at this,” Felser explains. So far, so good– Freestyle has already shepherded through exits for three portfolio companies, including the sale of social-analytics company Backtype to microblogging company Twitter earlier this month.
Now, the two are throwing the veils off Freestyle, which is a $27 million fund making investments in the social Internet. The investments in the 21 companies the duo made before formally opening their fund are getting rolled into the product, which includes fund of funds Hall Capital and Weathergage among its limited partners.
Felser and Samuel plan to invest around $500,000 in each start-up, typically in the social Internet.
Like Andreessen and Horowitz, Felser and Samuel have worked together as entrepreneurs for years– albeit on a smaller scale. Five years ago they sold online video company Grouper to Sony for $65 million; before that, they sold music site Spinner to AOL for $320 million.
For now, Freestyle will stick to the seed stage of investing, even though the field is rather crowded these days. But Felser and Samuel say they can add value through their own work as entrepreneurs. And seed is what they know best. Once the companies grow bigger, there are “better investors than we are to give them advice,” Felser says.
SAN FRANCISCO (Reuters) – Former Yahoo Inc Chief Executive Carol Bartz and her erstwhile employer are dueling over Bartz’s board seat, which she says she wants to keep, despite being fired from running the company.
Bartz, who was abruptly fired from her job as CEO by chairman Roy Bostock on Tuesday, said in an interview that she intended to remain on Yahoo’s board.
SAN FRANCISCO (Reuters) – As Steve Jobs leaves the stage at Apple Inc, four of his top understudies are coming into the limelight.
Jobs has long been a larger than life figure inside and outside the company he co-founded, even though for years he was surrounded by superb talent who deserve at least some credit for runaway successes such as the iPad, iPhone and iPod.