Roundup: Cisco sues, Avvenu, Weatherbill, Techdirt, Blue Origin & more
Here’s the latest wrap-up of Silicon Valley tech news:
Cisco sues Apple over iPhone name — Who cares? If Apple loses, it will come up with a different name. Like, ApplePhone, or iPodPhone. Details of suit.
Yahoo signs deal with Akimbo to deliver video to televisions — Just the latest move in a huge number of deals pushing video to your TV. More details here.
Avvenu shares music via link in email — Avvenu, a … Continue Reading
Google digest: 900 millionaires, "Tips" removed, China moves, and toolbar war,
Here’s the latest news on Google stuff:
Google’s 900 millionaires figure out what to do with their money — Recent estimates suggest more than 900 Googlers became millionaires at the initial public offering, and that 100 of the first 300 workers have quietly resigned. Meanwhile, early Google investor David Cheriton (he joined Ram Shriram, Bechtolsheim and others in the first $1 million angel round) turned his $200,000 into more than $1 billion, and yet is … Continue Reading
RFID co., Alien, gets new CEO
Alien Technology, the radio frequency identification company, said it has appointed George W. Everhart as chief executive, filling a void left after former CEO Stav Prodromou left the position when the company pulled its IPO plans.
Everhart has held executive positions at 3Com, Fujitsu and Apple. Alien is based in Morgan Hill, Calif.
The full announcement is here.… Continue Reading
Nimsoft, an IT management co., raises $10.3M
Nimsoft, a Redwood City company that provides an IT and application management service, said it has raised $10.3 million in funding from JMI Equity and Northzone Ventures.
From the press release:
Nimsoft, established in 1998 and profitable since its founding, has never received any external investment capital and has grown organically to more than 400 customers. The capital investment will fund an expansion of the company’s worldwide sales and marketing outreach and will further develop … Continue Reading
Memory chip designer GSI files for $57.5M IPO
The Santa Clara memory designer of chips, GSI Technology, which provides SRAM chips for networking and telecommunications equipment, has filed to raise $57.5 million in an IPO.
The company reported net income of $4.5 million for the six months ending Sept. 30, up from $2.2 millon in the comparable period last year.… Continue Reading
Soasta raises $2M for Web application code-testing service
Soasta, a Mountain View company developing a way to test and certify web applications, said it has raised $2 million from Canaan Partners and others.
See the company’s announcement here.… Continue Reading
eBay buys StubHub, online ticket reseller, for $310M
StubHub, an online site for reselling tickets to events, has been acquied by eBay for $310 million, minting the latest Silicon Valley millionaires in co-founders Jeff Fluhr and Eric Baker.
The controversial company has grown steadily, badgering eBay’s business for years. About 30 professional and college sports teams encourage fans to StubHub as a sort of safe haven in the reselling market, even as the New England Patriots have sued the company, saying it is … Continue Reading
NEA & Oak make up 20 percent of VC raised last year, fundraising pipeline thin
There is a notable piece about fundraising in 2006 at VentureWire (sub required) today, in which the following stood out:
Just two venture capital firms, New Enterprise Associates and Oak Investment Partners, accounted for 20% of the total dollars raised. NEA raised $2.5 billion while Oak Investment Partners raised $2.6 billion.
And looking forward, the piece said the pipeline for fundraising for the first half of this year appears thin, though fattening in the second … Continue Reading
Global warming continues, Schwarzenegger to boost green tech
Amid continued evidence global warming is speeding up, Calif. Gov. Arnold Schwarzenegger has proposed new regulations requiring a 10 percent reduction in the carbon content of all passenger vehicle fuels sold in California by 2020.
Details are still being ironed out, but it suggests the Silicon Valley environment for investments in green technologies will remain healthy.
The standard would apply to all gasoline refiners, and it could be met if they increase the amount of … Continue Reading
Online book publisher Blurb raises $2.5M in debt
San Francisco online book publishing service Blurb.com has raised $2.5 million in debt financing from Hercules Technology Growth Capital.
Blurb is backed by Anthem Venture Partners, Canaan Partners and other others.… Continue Reading
