Marvell Technology Group (NASDAQ: [[ticker:MRVL]]) is one of Silicon Valley’s unsung success stories. The chip design firm’s low-power electronics are found inside key media and computing devices from disk drives and smartphones to network controllers and Blu-ray players. But it wasn’t until after I’d won an interview with co-founder, CEO, and de facto chief engineer … Continue reading ““You Can’t Run A Company Based on Hearsay”: A Rare Interview with Marvell’s Hands-On CEO, Sehat Sutardja”
Category: San Francisco
Plexxikon, Roche Drug Extends Lives in Patients With Deadly Skin Cancer
Good news just crossed the wire from one of the Bay Area’s emerging cancer drug developers. Berkeley, CA-based Plexxikon said its experimental drug for a deadly form of skin cancer met its goal of helping keep tumors from spreading, and helping patients live longer, when compared directly to standard chemotherapy. Plexxikon, which is developing PLX4032 … Continue reading “Plexxikon, Roche Drug Extends Lives in Patients With Deadly Skin Cancer”
Adteractive Lands $5,105,826 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e264c392-a682-477d-8d40-4734b076760e&Preview=1 Date 1/19/2011 Company Name Adteractive Mailing Address 350 Sansome St., 9th Floor San Francisco, CA 94104 Company Description Adteractive is one of largest providers of performance-based marketing leads. Our portfolio of trusted clients is built upon innovative marketing solutions through a blending of new media with traditional media outlets. Website http://www.adteractive.com … Continue reading “Adteractive Lands $5,105,826 New Financing”
Five9 Obtains $8,600,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dacf2247-c6fe-4175-895e-62349e7343f9&Preview=1 Date 1/19/2011 Company Name Five9 Mailing Address 7901 Stoneridge Drive Pleasanton, CA 94588 Company Description Five9 is the leading global provider of on-demand call center software for telemarketing, customer service, and business continuity. The award-winning Five9 Virtual Call Center and Predictive Dialer serve customers of all sizes on five continents. Customers … Continue reading “Five9 Obtains $8,600,000 New Funding Round”
Telespree Communications Secures $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b18c0fe7-debb-42f3-9a5b-a8be138c442d&Preview=1 Date 1/19/2011 Company Name Telespree Communications Mailing Address 185 Berry Street San Francisco, CA 94107 Company Description Telespree’s innovative network solution transforms any wireless device into a convenient self-service terminal, allowing carriers to dramatically reduce customer care and distribution costs. Telespree has created the industry’s first self-service platform for automated activation, … Continue reading “Telespree Communications Secures $1,000,000 New Financing”
Scientific Conservation Garners $15,650,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=909c1e6c-9961-4c79-9c13-addddf805f04&Preview=1 Date 1/19/2011 Company Name Scientific Conservation Mailing Address 2107 Dwight Way Berkeley, CA 94704 Company Description Scientific Conservation (SCI) is revolutionizing energy efficiency and operational accountability for the multi-billion dollar commercial building market with a breakthrough Automated Continuous Commissioning (ACC) solution that can help slash annual energy spending 15 – 25%. … Continue reading “Scientific Conservation Garners $15,650,000 Series B Funding Round”
m-Via Secures $1,150,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e310ddb-e698-4fa3-9c0f-e4ec64288269&Preview=1 Date 1/19/2011 Company Name m-Via Mailing Address 440 N. Wolfe Rd. Sunnyvale, CA 94085 Company Description m-Via is a pioneering money remittance company focused on allowing consumers to use any mobile phone to make international money transfers. Website http://www.m-via.com Transaction Type Debt Transaction Amount $1,150,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “m-Via Secures $1,150,000 New Financing”
Ironwood, One of the Big Boys Now, Strikes Deal With Tiny Protagonist Therapeutics
Ironwood Pharmaceuticals has shown it is one of those rare biotechs that can take a new drug all the way through clinical trials, and entice investors to buy into an IPO in an economic downturn. Now the Cambridge, MA-based company is flexing its new muscle to not just discover its own drugs, but also to … Continue reading “Ironwood, One of the Big Boys Now, Strikes Deal With Tiny Protagonist Therapeutics”
$120M for TripIt, $16M for Bump, A New CEO at PARC, & More Bay Area Biztech News
The Bay Area business and technology news last week was dominated by a string of acquisitions and financing deals. —TripIt, a four-year-old travel planning startup in San Francisco’s Mission District, was snapped up by Redmond, WA-based Concur in a deal that could yield as much as $120 million for TripIt’s shareholders. Azure Capital Partners, which … Continue reading “$120M for TripIt, $16M for Bump, A New CEO at PARC, & More Bay Area Biztech News”
RusNano Revives Plastic Logic
Mountain View, CA-based Plastic Logic, which last year quashed a planned tablet-sized e-reading device based on its plastic semiconductor technology after repeated delays, said today that it has inked a multi-year financing deal with the state-owned Russian Corporation of Nanotechnologies, or RusNano. The Russian firm said it will put $150 million in equity-based financing into … Continue reading “RusNano Revives Plastic Logic”
$5.25M for Vook
Alameda, CA-based Vook, which publishes multimedia-enhanced e-books for the iPhone, iPad, Kindle devices, and the Web, has raised $5.25 million in Series A financing, Dow Jones VentureWire is reporting today. Founder and CEO Brad Inman told the publication that the funds came from VantagePoint Venture Partners and Floodgate Fund, and will be used to expand … Continue reading “$5.25M for Vook”
What Does Biotech Really Suffer From? Information Overload, or Underload?
Cognitive dissonance is defined as “an uncomfortable feeling caused by holding conflicting ideas simultaneously.” I’m suffering from a serious case of discomfort as I try to figure out which is the bigger problem facing biotech scientists: too much information, or too little. Information overload is a serious issue in biomedical research, if not virtually all … Continue reading “What Does Biotech Really Suffer From? Information Overload, or Underload?”
Tilera, Lonely Survivor in Multi-Core Chip Business, Gathers $45 Million for Push Into Cloud Computing
Tilera, an MIT spinoff in San Jose, CA, that makes chips with 64 separate processors (or cores) for special applications such as networking and digital video, has raised $45 million in its fourth, and presumably last, round of venture funding. The only survivor among a small group of multi-core chipmakers founded in 2003 and 2004, … Continue reading “Tilera, Lonely Survivor in Multi-Core Chip Business, Gathers $45 Million for Push Into Cloud Computing”
Vook Lands $5,250,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3d622f5-72e0-4f70-80cb-5c7946704296&Preview=1 Date 1/18/2011 Company Name Vook Mailing Address 1100 Marina Village Parkway Alameda, CA 94501 Company Description Vook was created in 2008 by Internet entrepreneur Bradley Inman, with the vision to unite the disparate worlds of books and videos into one complete, blended story. Vook has created an innovative platform where all … Continue reading “Vook Lands $5,250,000 Series A Round”
UpStart Mobile Obtains $135,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=786d57de-ddb3-497b-87bd-7cb5047d203a&Preview=1 Date 1/18/2011 Company Name UpStart Mobile Mailing Address 2 Townsend Street San Francisco, CA 94107 Company Description The company is developing applications for mobile phones. Website http://www.upstartmobile.com Transaction Type Venture Equity Transaction Amount $135,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “UpStart Mobile Obtains $135,000 New Financing Round”
Stoke Garners $17,000,000 Series E Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7af9f59c-5cbf-41b4-aaef-895d3b6457e7&Preview=1 Date 1/18/2011 Company Name Stoke Mailing Address 5403 Betsy Ross Dr. Santa Clara, CA 95054 Company Description The Stoke Session Exchange (SSX) is the industry’s first multi-access convergence gateway designed since inception for stateful management of tens of thousands of secure, reliable, high-quality subscriber sessions over multiple network access types including … Continue reading “Stoke Garners $17,000,000 Series E Financing Round”
Tilera Receives $45,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79738b68-26bb-49c6-9200-ae7f0d5fa6b9&Preview=1 Date 1/18/2011 Company Name Tilera Mailing Address 2333 Zanker Road. San Jose, CA 95131 Company Description Tilera Corporation is an ASIC-based fabless semi-conductor software and hardware design firm. Website http://www.tilera.com Transaction Type Venture Equity Transaction Amount $45,000,000 Transaction Round Undisclosed Proceeds Purposes Tilera intends to use this round of funding to … Continue reading “Tilera Receives $45,000,000 New Financing”
Kony Solutions Obtains $19,100,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=71aaaec3-a0b3-43a4-b655-df0e367ea7b5&Preview=1 Date 1/18/2011 Company Name Kony Solutions Mailing Address 1825 S. Grant St. San Mateo, CA 94402 Company Description Kony Solutions is the only mobile application platform provider that enables companies to future proof their mobile apps from the constantly shifting device marketplace and its fragmented mobile customer base. Website http://www.konysolutions.com Transaction … Continue reading “Kony Solutions Obtains $19,100,000 Series A Funding Round”
Appcelerator Acquires Aptana for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d18067bc-0f9b-4e20-8298-4a95e6bb1963&Preview=1 Date 1/18/2011 Company Name Aptana Mailing Address 1450 Fashion Island Blvd. San Mateo, CA 94404 Company Description Aptana is the leading provider of infrastructure for Web developers who produce rich, interactive Web sites and applications using scripting languages like JavaScript, PHP, and Ruby. Aptana’s End-to-End Ajax vision means that developers can … Continue reading “Appcelerator Acquires Aptana for Undisclosed Sum”
Mixbook Acquires Scrapblog for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3fbe67f1-07f7-4b1f-917c-a6221778dfd3&Preview=1 Date 1/18/2011 Company Name Scrapblog Mailing Address 110 Sutter Street San Francisco, CA 94104 Company Description We created Scrapblog because we wanted to go beyond sharing our photos and videos online. We made Scrapblog drag-and-drop-easy so that everyone can tell their stories and create beautiful multimedia scrapbooks. Our goal is to … Continue reading “Mixbook Acquires Scrapblog for Undisclosed Sum”
Scribd Garners $13,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=223b6338-9222-4e7f-80da-c4e9737d8eb4&Preview=1 Date 1/18/2011 Company Name Scribd Mailing Address 211 Sutter Street Second Floor San Francisco, CA 94108 Company Description Scribd lets you publish and discover documents online. It is like a big online library where anyone can upload. We make use of a custom Flash document viewer that lets you display documents … Continue reading “Scribd Garners $13,000,000 Series C Financing Round”
Scenes from JP Morgan 2011: The Photo Gallery
The marathon biotech schmoozefest known as the JP Morgan Healthcare Conference is officially over, and I’ll say two things first off. Wow, it was fun. And wow, I’m glad to be home. Xconomy’s bookkeeper will surely get a chuckle out of what my Amex card says about my activity this week in San Francisco’s Union … Continue reading “Scenes from JP Morgan 2011: The Photo Gallery”
Index Ventures Expanding to Bay Area
Index Ventures, a European life sciences and technology venture investing firm with offices in Geneva, London, and Jersey, plans to open a Bay Area office, according to a blog post today by London-based partner Mike Volpi, who will head the new outpost together with partner Danny Rimer. About a third of Index Venture’s 173 portfolio … Continue reading “Index Ventures Expanding to Bay Area”
One Big Cancer Story from 2010, and Four Trends to Watch in 2011
Top innovative news from 2010: • Amgen’s 147 trial was the first study to ever show a delay in the onset of bone metastases in men with prostate cancer, for the denosumab (Xgeva) investigational clinical program. This result showed that you can prevent or delay skeletal metastases by making the bone microenvironment an inhospitable place … Continue reading “One Big Cancer Story from 2010, and Four Trends to Watch in 2011”
The Instapaper Effect-Or, The Dilemma of Long-Form Writing on the Web
goat-choker (n.) An article of inordinate and suffocating length, produced to gratify the vanity of the author and the aspirations of the publication. (John McIntyre) I regularly write articles that, by Web standards, are obscenely long. My November article on ShopWell was 6,500 words long, and my series last week on Google’s mobile ambitions ran … Continue reading “The Instapaper Effect-Or, The Dilemma of Long-Form Writing on the Web”
TripIt’s Short Trip to a $120M Exit: A Travelogue from CEO Gregg Brockway
San Francisco-based TripIt has some very happy investors right now. As I wrote yesterday, Redmond, WA-based travel management software company Concur (NASDAQ: [[ticker:CNQR]]) has agreed to buy TripIt for $82 million in cash and stock plus up to $38 million in contingent payments between now and 2013; the startup had raised less than $13 million … Continue reading “TripIt’s Short Trip to a $120M Exit: A Travelogue from CEO Gregg Brockway”
Travel Startup TripIt Acquired by Seattle’s Concur for As Much As $120 Million; Handsome Exit for Azure Capital
Redmond, WA-based Concur (NASDAQ: [[ticker:CNQR]]), a specialist in software that helps big companies control travel expenses, revealed today that it’s acquiring TripIt, a four-year-old San Francisco startup providing a virtual travel-assistant service for business travelers. TripIt’s free service allows travelers to create master itineraries that they can access from the Web or their mobile phones … Continue reading “Travel Startup TripIt Acquired by Seattle’s Concur for As Much As $120 Million; Handsome Exit for Azure Capital”
Strava Gets $3.5M for Cycling Tool
San Francisco-based Strava said today that it has collected $3.5 million in new venture funding to continue development of its GPS tracking software for avid cyclists. Sigma Partners led the round. Strava’s software works on a variety of Garmin GPS devices, and users can also upload tracking data collected on their iPhones to Strava’s website, … Continue reading “Strava Gets $3.5M for Cycling Tool”
New Models for Investing in Innovation
In November 2010 as part of my interview about entrepreneurs and Customer Development, the Shoshin Project also asked me about my thoughts on investing in innovation. They wanted some words of wisdom for their investment bank and hedge fund customers. This falls into the “Asking someone who was handy versus knowledgeable” category. (I was an … Continue reading “New Models for Investing in Innovation”
Five Predictions for Technology in 2011
Here are a few of my predictions for how 2011 will be remembered: 1. Passive television viewing starts a long slow slide to oblivion. Despite Google’s planned delay of its IPTV launch, 2011 will be the year where Internet Television hits the consumer market and a fundamental shift begins from passive to interactive TV viewing. … Continue reading “Five Predictions for Technology in 2011”
December Surge of Internet Deals Carries Venture Capital to Two-Year High
A wave of Internet deals helped venture funding during the fourth quarter of 2010 reach a two-year high-water mark in both the number of deals and capital invested, according to CB Insights, a New York information and data services company tracking the innovation economy. Venture capital firms poured a total of more than $6.5 billion … Continue reading “December Surge of Internet Deals Carries Venture Capital to Two-Year High”
Sococo Garners $4,211,131 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95087fd0-c3f9-4705-a34f-3c153401165c&Preview=1 Date 1/13/2011 Company Name Sococo Mailing Address 650 Castro St. Mountain View, CA 94041 Company Description Sococo is a new mode of online communication. Sococo allows you to see where your people are and, with a simple click, connect to them with voice, chat, and multi-screen sharing. Website http://www.Sococo.com Transaction Type … Continue reading “Sococo Garners $4,211,131 New Round”
Concur Technologies Acquires TripIt for $120,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aae519da-e671-4ff5-b2a3-11ed937e931d&Preview=1 Date 1/13/2011 Company Name TripIt Mailing Address 444 De Haro Street San Francisco, CA 94107 Company Description TripIt is an online service that helps travelers organize all their travel plans—no matter where they booked. To get started, travelers just forward their travel confirmation emails to [email protected]. TripIt processes these emails and … Continue reading “Concur Technologies Acquires TripIt for $120,000,000”
NetApp, Novell, and Greylock Top List of Boston-San Francisco Tech Tidbits
What do Boston and the San Francisco Bay Area have in common today? Certainly not the weather. Tech news is a different story, though. We spotted a trio of headlines involving firms with a strong presence in both regions: —Sunnyvale, CA-based storage and data management firm NetApp (NASDAQ: [[ticker:NTAP]]) announced it is buying Akorri Networks of … Continue reading “NetApp, Novell, and Greylock Top List of Boston-San Francisco Tech Tidbits”
Bump, With a Fresh $16 Million, Explores New Ways to Connect Mobile-Device Users—Q&A with David Lieb and Jake Mintz
As we reported Monday night, Mountain View, CA-based Bump Technologies got a big bump itself this week, in the form of a $16 million Series B funding round led by new investor Andreessen Horowitz. Bump is famous for building iOS and Android apps that let mobile-device users share files by literally bumping their devices against … Continue reading “Bump, With a Fresh $16 Million, Explores New Ways to Connect Mobile-Device Users—Q&A with David Lieb and Jake Mintz”
Baynote Brings in $13M
Baynote, a San Jose, CA-based maker of Web-based software for digital marketing and e-commerce applications, announced it has wrapped up a $13 million Series C financing, led by SingTel Innov8, the corporate venture arm of Asian telecommunications company SingTel Group. Previous Baynote investors Hummer Winblad, Steamboat Ventures and JK&B Capital returned for the funding round, … Continue reading “Baynote Brings in $13M”
Formspring Collects $11.5M
San Francisco-based Formspring, part of a small crop of Web-based question-and-answer services that has grown up over the past two years, said today that it has raised $11.5 million in Series A funding. Redpoint Ventures led the round, which was joined by Baseline Ventures and individual investors. The company’s service prompts users to share information … Continue reading “Formspring Collects $11.5M”
615 Human Genomes? Another Cheap, Fast Sequencing Machine? Complete Genomics, Illumina Steal Show at Healthcare Meeting
Most of the major life sciences reporters in the U.S. are gathered this week in San Francisco, so you know what that means—most of us missed the big story. While pretty much everyone here at the JP Morgan Healthcare Conference—me included—was listening and learning about the latest hot new drug or device, the real news … Continue reading “615 Human Genomes? Another Cheap, Fast Sequencing Machine? Complete Genomics, Illumina Steal Show at Healthcare Meeting”
Top Things to Look for in Wireless in 2011
1) 4G. 4G services will become available on a near nationwide basis in 2011. At its best (and what is called “4G” gets murkier every day), 4G offers a true mobile broadband experience. In order to be successful, 4G operators must have a comprehensive go-to-market strategy, with compelling devices, exciting and differentiated applications, and innovative … Continue reading “Top Things to Look for in Wireless in 2011”
Zend Technologies Receives $7,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a8cdb3a6-222e-4243-8124-0cff9d183f4b&Preview=1 Date 1/12/2011 Company Name Zend Technologies Mailing Address 19200 Stevens Creek Blvd. Cupertino, CA 95014 Company Description Zend Technologies, Inc., the PHP company, is the leading provider of products and services for developing, deploying and managing business-critical PHP applications. Website http://www.zend.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed … Continue reading “Zend Technologies Receives $7,000,000 New Funding”
Baynote Obtains $13,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf6e10de-59ee-4c84-8502-17ec3bebd71d&Preview=1 Date 1/12/2011 Company Name Baynote Mailing Address 5300 Stevens Creek Blvd San Jose, CA 95129 Company Description Baynote’s revolutionary Content Guidance uses the “Wisdom of Community”— the implicit, emergent behaviors of peers, experts and the greater community — to guide users to the most useful content and information. Offered as a … Continue reading “Baynote Obtains $13,000,000 Series C Round”
Strava Receives $3,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4666f4e0-99ce-41ce-8fc7-c7beef362361&Preview=1 Date 1/12/2011 Company Name Strava Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company provides an online service that tracks and gives in-depth feedback and analytics for GPS tracked exercise. Website http://www.strava.com Transaction Type Venture Equity Transaction Amount $3,500,000 Transaction Round Undisclosed Proceeds Purposes Strava will put funding towards … Continue reading “Strava Receives $3,500,000 New Funding”
Avinger Lands $25,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f059a9e-0b5a-4abd-98ee-ec5ebed4ea4d&Preview=1 Date 1/12/2011 Company Name Avinger Mailing Address 400 Chesapeake Dr. Redwood City, CA 94063 Company Description The company is developing medical device treatments for peripheral artery disease. (PAD) Website http://www.avinger.com Transaction Type Venture Equity Transaction Amount $25,000,000 Transaction Round Undisclosed Proceeds Purposes The round will be used to accelerate the commercialization … Continue reading “Avinger Lands $25,000,000 New Funding”
NextWave Pharma Snaps Up $45M
NextWave Pharmaceuticals has raised some big bucks to support making new drugs for cardiovascular disease and neurological conditions. The Cupertino, CA-based drug developer said today it has raised $45 million in a Series C financing. The investment was co-led by Panorama Capital and Bay City Capital, and included Kearny Venture Partners, Aisling Capital, Fidelity Biosciences, … Continue reading “NextWave Pharma Snaps Up $45M”
Start Spreading the (Innovation) News With Xconomy in New York
I’ve got Frank Sinatra on endless mental replay today and I’ll tell you why: I’m looking for a stellar journalist to start spreading the news about innovation in New York, New York. (Look, nobody’s groaning louder than me about that one. Let’s move on…) My Xconomy colleagues and I are fascinated by the stories emerging … Continue reading “Start Spreading the (Innovation) News With Xconomy in New York”
U.S. Wages Reset to Early 2008 Levels: Boston and Seattle Fit National Trend; Detroit, San Diego, San Francisco Fare Worse
The average salary for U.S. company workers rose throughout 2007 and 2008, fell during 2009, and held fairly steady in 2010. By the fourth quarter of last year, average earnings had leveled off to approximately what they were at the start of 2008. But there were some variations between different parts of the country. That’s … Continue reading “U.S. Wages Reset to Early 2008 Levels: Boston and Seattle Fit National Trend; Detroit, San Diego, San Francisco Fare Worse”
Silicon Valley Investors Put, Like, A Billion Dollars Into Groupon, & More Bay Area Deals News
The funding announcements are flying so fast and furiously this week that I’ve decided to round them up into a single article. —In a press released headlined “Groupon Raises, Like, A Billion Dollars,” the Chicago-based daily deals site announced yesterday that it has collected $950 million in new equity-based financing from a syndicate including prominent … Continue reading “Silicon Valley Investors Put, Like, A Billion Dollars Into Groupon, & More Bay Area Deals News”
Bernstein’s Retirement Brings Changing of the Guard at PARC; Q&A with Incoming CEO Steve Hoover
The storied Palo Alto Research Center, birthplace of such fundamental information-technology advances as the personal computer, Ethernet, and the laser printer, has a new leader. The Xerox (NYSE: [[ticker:XRX]]) subsidiary announced today that Steve Hoover, formerly vice president of Xerox’s software and electronics development group, will take the place of current CEO Mark Bernstein, who … Continue reading “Bernstein’s Retirement Brings Changing of the Guard at PARC; Q&A with Incoming CEO Steve Hoover”
Bump Raises $16M
Bump Technologies, maker of software that allows mobile device users to initiate file exchanges by physically bumping their devices, announced in a blog post tonight that it has closed a $16 million second round of funding—a big increase over its first round of roughly $3 million, raised in October 2009. Venture firm Andreessen Horowitz led … Continue reading “Bump Raises $16M”
Trend Spotting: The Top 9 Rise & Falls We See in the Year Ahead
[Editor’s Note: This post was co-authored with Josh Wolfe of Lux Capital] 1. The Rise of Celebrity Science Nations, cultures, economies all get what they celebrate. Celebrate celebrities and we’ll have another generation of over-consumptive, over-indebted, overweight, underemployed citizenry. But celebrate scientists: thinkers, doers, achievers, explorers, inventors, creators and we stand a shot at restoring … Continue reading “Trend Spotting: The Top 9 Rise & Falls We See in the Year Ahead”