Photograph by David Paul Morris/Bloomberg
At SXSW, Brian Chesky, co-founder and CEO of Airbnb, reminisced about the difficulties of building a business.
Airbnb Chief Executive Officer Brian Chesky still crashes on couches. The difference is that now, Chesky, the co-founder of the service that lets people rent out rooms and homes online, doesn’t have to. Before the 6-year-old company took off, Chesky...
Read more »Amazon.com’s little cloud-computing skunkworks project isn’t so little anymore. In fact, if you pull apart Amazon Web Services (AWS) from its e-commerce parent, the seven-year-old cloud division is worth more than two-thirds of the companies in the Standard & Poor’s...
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Photograph by Jin Lee/Bloomberg
Venture capital firms are swiping executives away from Square, the hot mobile-payments startup.
For the second time in nine days, a high-ranking executive at the payments startup Square has landed in venture capital. This time, it’s Jared Fliesler, who served as a vice president of user acquisition and business operations at Square, the...
Read more »If Time Warner Inc. CEO Jeffrey Bewkes isn’t aware of all the media he controls, give him a break. After all, he has a lot on his plate: CNN, HBO, Warner Bros. film studios, TNT, TBS, Cartoon Network … and...
Read more »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...
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Photograph by Kelly Ryerson
The lawsuit is the latest flare-up in what’s become an increasingly acrimonious relationship over affiliate fees.
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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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.
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.
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, 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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