Entrepreneurial

Manning up in Silicon Valley

– Connie Loizos is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. The views expressed are her own. –

This week, Marc Andreessen announced that Ning, the social networking platform company he co-founded in 2004 and that went on to raise nearly $120 million, had “agreed to merge” with the lifestyle blog network Glam Media. Yet few believe it will be a marriage of equals.

“Merger” was almost uniformly put in wink-wink quotations in press accounts of the deal. Outside investors didn’t buy it, either. “My guess is that Glam thinks it is gaining some credibility by adding Andreessen to its board, and in return Glam is putting Ning out of its misery,” said one VC who asked not to be named.

Andreessen seemed further undermined – if unintentionally so — by Ning’s CEO Jason Rosenthal, who published his own announcement at Ning’s site, writing that Ning had “signed an agreement to be acquired” by Glam.

If Andreessen gussied up the deal a bit, can anyone really hold it against him? Andreessen clearly wanted to be respectful of Rosenthal and Ning’s founding team. He had investors to consider, particularly Ning’s later-stage investors, who bought into Ning’s $750-plus million valuation just 26 months ago. (The company is reportedly selling for $150 million in Glam stock.) And certainly, Andreessen wouldn’t be first in putting a positive spin on a less-than-sunny situation.

Twilio raises second microfund from angels McClure, Conway

– Alastair Goldfisher is a contributor for PE Hub, a Thomson Reuters publication. He was also part of the judging panel at the Twilio Conference with Paul Singh of 500 Startups and Manu Kumar of K9 Ventures. This article originally appeared here. –

This week at the Twilio Conference in San Francisco, 500 Startups founder Dave McClure announced the launch of a second Twilio MicroFund of $250,000 to invest in companies that are based on Twilio’s Connect platform.

McClure and Ron Conway of SV Angel will each invest $125,000 in the fund. McClure will manage the investments, with Twilio serving as an advisor.

TechStars raises the ante in the startup accelerator race

– Mark Boslet is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Interest in seed stage incubators, accelerators and entrepreneurial funds continues at full bore, with companies, firms and universities all getting into the act.

Vodafone early this month opened the doors of its Silicon Valley research center to startups with the hope of encouraging faster innovation on its network.

Blackstone looks to advise startups

– Luisa Beltran is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. –

The Blackstone Group wants to advise, not buy, Silicon Valley startups.

So reports Portfolio.com. Blackstone has long had an advisory practice, but the New York private equity firm is known more for its mega buyouts. For example, Blackstone was part of the investor group that acquired Freescale Semiconductor in 2006 for $17.6 billion and also acquired Hilton Hotels in 2007 for $26 billion.

But Blackstone recently hosted an “inaugural” tech forum in Silicon Valley that was intended to match up startups, investors and industry experts, Portfolio.com reports. Ivan Brockman, a Blackstone MD who is based in Menlo Park, admits that Blackstone isn’t known for advising tech companies.

Exclusive: Small business backs Obama, not Democrats: poll

The Obama administration has hurt small businesses but the president still leads in backing among current 2012 election candidates, a new survey found.

Some 63 percent of small businesses said the administration’s policies had been damaging to small business, while only 16 percent indicated they had benefited, according to the poll by Manta, an online community that promotes small business. Some 67 percent were highly unsatisfied with government, with only 2 percent highly satisfied.

Meanwhile, the survey, which queried more than 2,300 small business owners online between August 12 and 29, showed President Obama as the candidate with 21 percent of support, followed by Texas Governor Rick Perry, a Republican, with 14 percent; Texas U.S. Representative Ron Paul, also a Republican, with 11 percent; and Republican former Massachusetts Governor Mitt Romney, with 9 percent.

Are patent reforms good for small businesses?

– Cynthia Hsu is a contributor to FindLaw’s Free Enterprise blog. FindLaw is a Thomson Reuters publication. –

President Obama recently signed into law the America Invents Act, a patent reform legislation that does away with the old “first to invent” rule. What does the patent reform mean for small businesses?

Most notably, the new legislation pushes Americans toward a “first to file” system, meaning that those who file for a patent first will get awarded the rights.

Stanford entrepreneur: If you’re 20 and you haven’t started a $1 million company, “you’re kind of a failure”

– Connie Loizos is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Recently, New York magazine featured Feross Aboukhadijeh in a piece titled “Bubble Boys”. Aboukhadijeh is a Sacramento-born, 20-year-old computer science student at Stanford who has been characterized as among the school’s most heavily recruited students by a course adviser. The piece suggested he may ultimately be among those geeks to succeed the Mark Zuckerbergs of the world.

While perhaps a stretch, it’s easy to see Aboukhadijeh’s appeal. A year ago, Aboukhadijeh created a small media sensation with YouTube Instant, a site that invites visitors to scan YouTube videos in real time, and which Google was at one point interested in acquiring – along with Aboukhadijeh.

VC firm to form “Jedi Council” of entrepreneurs

– Joanna Glasner is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Menlo Ventures’ newest managing director, Shervin Pishevar, is getting off to a fast start.

The serial entrepreneur turned Internet VC announced that his firm has formed a new early stage investment vehicle, the Menlo Talent Fund, which will fund rounds up to $250,000 in promising startups. As part of the effort, Pishevar told attendees at San Francisco’s TechCrunch Disrupt conference this week, the firm will be forming a “Jedi Council of incredible entrepreneurs,” known as the Menlo Founders Council, to work with startups.

Two Degrees co-founders draw on 35-year age gap

With nearly 30 million small businesses in the United States, it can be tricky to find a business model to set you apart from competitors.

The co-founders and entrepreneurs behind Two Degrees Food, a company that produces nutritional bars and feeds children across the world, have used one of their best assets to maximize their reach: a 35-year age difference.

Lauren Walters, 60, and Will Hauser, 25, teamed up to found Two Degrees in 2010, a move that Walters said strengthens their ability to tackle everything from solving business problems to embracing social media.

Startups run the gamut from the sublime to the mundane

– Mark Boslet is a contributor to PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Investors navigated the halls. Luminaries such as LinkedIn’s Reid Hoffman and SoftTech’s Jeff Clavier took the stage.

Demo Fall 2011 was in full swing yesterday. What stood out at the tech conference was an eclectic assortment of startups that varied from the sublime to the silly. Several of the most appealing enterprise-focused companies seemed poised to attract considerable interest. Several developing consumer technologies did not.

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