Less than a year after becoming chief executive officer of YouSendIt, Brad Garlinghouse has brought big changes to the online storage business by focusing its resources more on corporate customers and less on free users. Now he’s hired a chief financial...
Read more »YouSendIt Hires Finance Chief With IPO Track Record
Photograph by Kelly Ryerson
The lawsuit is the latest flare-up in what’s become an increasingly acrimonious relationship over affiliate fees.
Cablevision’s Viacom Lawsuit: How We Got Here
Why can’t we be friends? You may have read yesterday that Cablevision is suing Viacom for forcing it to take lower-rated channels along with its most popular networks, a practice the pay-TV company claims is illegal. Cable operators and networks...
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Draper University Gets Aspiring Entrepreneurs Out of the Classroom
Welcome to the Draper University of Heroes, a new school in San Mateo, California, where aspiring entrepreneurs get a taste of the madness involved in running a startup. We featured the program in this week’s issue of Bloomberg Businessweek and...
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Photograph by Zomi
Lux Capital is investing in areas of science that many venture capitalists have backed away from.
Lux Capital Raises $245 Million to Fund Unpopular Science Startups
Over the past half-decade, venture capitalists have been retreating from biotech and energy, burned by bad bets and turned off by excessive costs. Meanwhile, one firm with former executives from Pfizer and the Central Intelligence Agency is doubling down. Lux...
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Courtesy Mathew Scott via Nextdoor
Nextdoor CEO Nirav Tolia has raised more money just seven months after his company's last round of financing.
Early Facebook, LinkedIn Backer Bets Big on Nextdoor With $15M
David Sze, a 13-year veteran of venture-capital firm Greylock Partners, has gained acclaim for his lucrative bets on Facebook, LinkedIn and Pandora. But he’s never written a check as big as the one he just gave to Nextdoor.com, a social-networking...
Read more »SoftBank Capital Raises $250M Fund to Help Startups Expand to Asia
SoftBank Capital, the venture firm that backed the Huffington Post, Buddy Media and OMGPOP, is raising a $250 million fund to help startups expand internationally. And by “internationally,” they mostly mean Asia. SoftBank Capital is the venture arm of Softbank...
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Photograph by David Paul Morris/Bloomberg
As Dell takes itself private, Hewlett-Packard is vying for its rival's PC customers.
Payback Time? HP Tries to Nab Dell’s PC Customers
(Updates with comment from Lenovo.) Say this for Hewlett-Packard — the beaten-down computer maker still has chutzpah. A little more than an hour after rival Dell said it would go private in a $24.4 billion leveraged buyout, Hewlett-Packard made a...
Read more »New Relic Reels in $80 Million to Expand Into Mobile
Lewis Cirne sold his first company for $375 million in 2006, eight years after getting it off the ground. His second company has reached a value of twice that amount in just over half the time. New Relic, which provides...
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Photograph by Jeff Chiu/AP Photo
Yahoo CEO Marissa Mayer and her husband sponsored the bison paddock in San Francisco's Golden Gate Park.
No Bull: Yahoo CEO Marissa Mayer Is Big on Buffalo
Deep in San Francisco’s Golden Gate Park, which spans more than 50 city blocks, is a fenced-in area where several buffalo can be seen roaming around. Recently, a sign appeared in front that reads: “The Bison Paddock has been graciously...
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