Sarah's Feed
Dec 6, 2013

Tech start-ups show little imagination on board gender diversity

SAN FRANCISCO, Dec 6 (Reuters) – At Pinterest, the online
bulletin board service that is valued near $3.8 billion, some 70
percent of the users are female. But the company’s board of
directors is 100 percent male.

Male-heavy boards dominate in the start-up mecca of Silicon
Valley, which prides itself on progressive thinking and putting
talent first. A Reuters survey of the 10 top venture-backed
start-ups, as measured by venture funds raised, shows that six
do not have any women on the board, including Pinterest. And
none has more than one.

Dec 5, 2013

Jobs site Glassdoor raises $50 million from Tiger Global

SAN FRANCISCO, Dec 5 (Reuters) – Jobs and career site
Glassdoor said it has raised $50 million from a group led by
Tiger Global, marking a year where the New York-based investment
firm has dramatically stepped up its presence in Silicon Valley.

Glassdoor, based just north of San Francisco in Sausalito,
California, announced the new funding on Thursday. It runs a
user-generated database about companies with employee comments
and information on salaries and interviews, and has become a
leading recruiting platform.

Nov 20, 2013

Tim Draper to cut back role at Draper Fisher Jurvetson

SAN FRANCISCO, Nov 19 (Reuters) – Venture capitalist Tim
Draper is stepping back from his investment role at Draper
Fisher Jurvetson, the firm he founded in 1985.

Long considered venture-capital royalty, Draper is known for
investments such as Internet phone service Skype, now part of
Microsoft Corp, and Chinese Internet company Baidu Inc
.

Nov 14, 2013

Redfin raises $50 million from Tiger Global, T. Rowe Price

SAN FRANCISCO, Nov 13 (Reuters) – Online real estate company
Redfin said it has raised $50 million from investment companies
Tiger Global Management and T. Rowe Price Associates, making it
the latest venture capital-backed company to look to
nontraditional backers for venture funding.

The Seattle-based company, which announced the new funding
on Wednesday, aims to cut costs to homebuyers by awarding to
them a portion of real-estate fees that agents traditionally are
paid by homesellers. If representing the sellers, it cuts fees
charged to them. But it has struggled to win significant market
share in the 22 cities where it operates.

Nov 12, 2013

Pinterest investor FirstMark, Rovio investor Atomico raise funds

SAN FRANCISCO (Reuters) – New York-based venture firm FirstMark Capital and London-based Atomico each raised new funds, capitalizing on their success in early-stage technology investing.

FirstMark Capital raised $225 million new venture fund, its third, less than a year after raising another fund of the same size, it said in a release on Tuesday. It has become known for investments in hot start-ups including Pinterest, the online bulletin board that is valued at more than $2.5 billion.

Nov 9, 2013

Twitter IPO sparks speculation on who could follow

SAN FRANCISCO (Reuters) – For technology executives weighing market flotations for Silicon Valley startups, this week’s gangbusters Twitter Inc initial public offering sent a powerful signal: full speed ahead.

About a dozen private companies are valued at more than $1 billion, and many of them have already been holding informal talks with bankers. Now, many – including Box, Square and Airbnb – are likely to accelerate their IPO plans, according to venture capitalists.

Nov 7, 2013

Twitter IPO highlights big money friction in San Francisco

SAN FRANCISCO, Nov 7 (Reuters) – Twitter Inc’s
initial public offering marks something of a coming out party
for San Francisco as a technology capital, giving the city a
home-grown success story to rival those of Silicon Valley to the
south.

But there is little celebration among community activists
and a growing cadre of middle class residents who resent what
they view as a tech-driven, big-money takeover of the city.

Nov 7, 2013

Factbox: Who will get rich from Twitter’s IPO?

SAN FRANCISCO (Reuters) – Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment. Here is a list of the number and value, based on the closing price of $44.90, of the shares owned by some of the people and investment firms that have benefited the most from Twitter’s initial public offering on Thursday. At the market close, Twitter’s valuation was $24.47 billion.

Executive officers and directors:

Evan Williams – 56,909,847 shares, or 12 percent, worth $2.56 billion. Williams was Twitter’s chief executive until 2010, when current CEO Dick Costolo took the helm. He is working on a publishing platform, Medium, which is dedicated to long-form content.

Nov 7, 2013

Who will get rich from Twitter’s IPO?

SAN FRANCISCO, Nov 7 (Reuters) – Just about everyone in
Silicon Valley has dreamed of striking it rich with a well-timed
investment. Here is a list of the number and value, based on the
closing price of $44.90, of the shares owned by some of the
people and investment firms that have benefited the most from
Twitter’s initial public offering on Thursday. At the market
close, Twitter’s valuation was $24.47 billion.

Executive officers and directors:

Evan Williams – 56,909,847 shares, or 12 percent, worth
$2.56 billion. Williams was Twitter’s chief executive until
2010, when current CEO Dick Costolo took the helm. He is working
on a publishing platform, Medium, which is dedicated to
long-form content.

Nov 5, 2013

Early Twitter investors double down on consumer Web start-ups

SAN FRANCISCO (Reuters) – For Twitter Inc’s early venture capital backers, some of whom stand to make over 500 times their investment when the company goes public, now is a time not just to celebrate but increase their stakes in mobile and social media.

Take Bijan Sabet, the partner at Spark Capital who led his firm’s investment in Twitter in 2008. At the time, according to a person familiar with the matter, Twitter was valued at $100 million. This week, the company is seeking a valuation of up to $13.6 billion in its initial public offering.