Sarah's Feed
Jun 3, 2015

Clinton campaign snares Box CEO in courting young tech millionaires

SAN FRANCISCO (Reuters) – The last time Hillary Clinton ran for the White House in 2008, Aaron Levie was too busy building his start-up company to pay much attention to politics.

But earlier this year, the 30-year-old Levie led his company, Box, through an initial public offering, helping free a small portion of his time to support the frontrunner for the Democratic presidential nomination in 2016. A few weeks ago, Levie, whose company is worth more than $2 billion, agreed to host a fundraiser for Clinton.

Jun 1, 2015

Ellen Pao will appeal gender discrimination case against Kleiner

SAN FRANCISCO (Reuters) – Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao will appeal the result of a gender discrimination she brought against the powerful Silicon Valley venture capital firm, according to a court document filed on Monday.

A San Francisco jury cleared Kleiner Perkins in March of claims it short-circuited Pao’s career because she is a woman, in a case that helped spark a wide discussion about gender at the center of the U.S. technology industry.

May 21, 2015

Ignition Partners raises $200 million for new venture fund

SAN FRANCISCO, May 21 (Reuters) – Ignition Partners said it
had raised $200 million for a new fund, two years after a major
restructuring that created a slimmed-down version of the
15-year-old firm.

The new fund, which Ignition said was oversubscribed, shows
how much a few good investment successes can do to restore
luster to a venture firm. In this case Ignition benefited from
some good bets on enterprise-software firms.

May 19, 2015

Airbnb faces setback as San Francisco may limit length of stays

SAN FRANCISCO (Reuters) – San Francisco may become the
second California city in a month to limit length of stays
arranged by accommodation services like Airbnb, which matches
people wishing to rent out all or part of their homes to
temporary guests.

A city committee late on Monday advanced a proposal that
would limit hosts to renting accommodation to no more than 60
days a year, down from 90 currently. Airbnb has grown quickly
and is valued at far more than $10 billion, with analysts
assuming it can overcome any major regulatory backlash.

May 12, 2015

Startup NerdWallet raises $64 million in first round of funding

SAN FRANCISCO (Reuters) – NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion.

The cash, an outsized sum for initial funding, will serve as a signaling device as much as it will help NerdWallet expand, said founder and Chief Executive Officer Tim Chen.

May 8, 2015

Hillary Clinton woos technorati, draws comparison to Eleanor Roosevelt

SAN FRANCISCO (Reuters) – Hillary Clinton makes the final stop on Friday on a California fundraising tour where she has courted technology titans for her 2016 campaign and where one of her admirers tried comparing her to fellow former first lady Eleanor Roosevelt.

Clinton, the frontrunner for the Democratic presidential nomination, is gladhanding her way through the Bay Area’s establishment and the newer technology class that could serve as an important source of money, votes and credibility among the broader electorate.

May 6, 2015

Zenefits raises $500 million, joins billion-dollar startup club

SAN FRANCISCO, May 6 (Reuters) – Human-resources software
company Zenefits said it had raised $500 million in venture
funding, giving it a valuation of $4.5 billion and confirming a
drop in appetite among venture-backed companies for initial
public offerings.

Zenefits was founded just two years ago, making its
trajectory to the “Unicorn Club” of start-ups valued at $1
billion or more impressively quick, even by Silicon Valley
standards. It had annual recurring revenue of $20 million by
late last year.

May 6, 2015

Facebook’s Sandberg speaks at husband’s memorial

STANFORD, Calif (Reuters) – Facebook Inc (FB.O: Quote, Profile, Research) Chief Operating Officer Sheryl Sandberg re-emerged in public on Tuesday after the accidental death of her husband last week, telling a Silicon Valley memorial service about his effortless compassion and selflessness.

Many of the technology world’s top executives filled a 1,700-seat auditorium at Stanford University to commemorate David Goldberg, chief executive of SurveyMonkey, who died at age 47 on Friday during a vacation in Mexico. He fell off a treadmill and hit his head.

May 5, 2015

Facebook’s Sandberg emerges to speak at husband’s memorial

STANFORD, Calif (Reuters) – Facebook Inc Chief Operating Officer Sheryl Sandberg re-emerged in public on Tuesday after the accidental death of her husband last week, telling a Silicon Valley memorial service about his effortless compassion and selflessness.

Many of the technology world’s top executives filled a 1,700-seat auditorium at Stanford University to commemorate David Goldberg, chief executive of SurveyMonkey, who died at age 47 on Friday during a vacation in Mexico. He fell off a treadmill and hit his head.

May 5, 2015

Tech exec Goldberg died after exercise accident – official

MEXICO CITY/SAN FRANCISCO (Reuters) – SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a resort in Mexico, the local prosecutor’s office said Monday.

Goldberg, the husband of Facebook Inc Chief Operating Officer Sheryl Sandberg, fell off a treadmill at a private villa in Punta Mita and hit his head, the prosecutor’s spokesman said.