Angels are investing more for the same valuation, and apparently they don’t like to travel.
At a press conference today, San Jose State University announced it would be expanding its online course offering, and opening a facility for adaptive and blended learning.
Facebook’s IPO was so messy that it’s forced California to revise its budget estimates – downwards.
Sorry, employers, it is officially against the law to ask prospective employees for their Facebook passwords in California and Illinois. Two bills banning businesses from the practice took effect Tuesday.
California just added its name to the list of states allowing driverless cars to operate on public roads, and inadvertently made David Hasselhoff’s work on Knight Rider a bit more relevant to future generations.
After Facebook’s botched initial public offering, observers feared that Silicon Valley would plunge into a downturn. But in June, the Bay Area job market came back in a big way, adding 16,900 jobs.
Guest Post Editor’s note: Automakers are making big bets on plug-in hybrids and range-extended electric vehicles, as VentureBeat’s Matthew Lynley recently wrote. There’s just one problem: In California, hybrids aren’t legally allowed to use public charging stations meant for electric cars. This post, by John Voelker of GreenCarReports.com, explains how a bill meant to change that is pitting some electric car advocates against GM.
During Amazon’s quarter two earnings call, the company reported the strongest growth it has seen in ten years, in addition to digital offerings growth.
Amazon on Thursday said it had dropped the California members of its marketing affiliates program in response to the state’s new law to charge sales taxes on online goods. Amazon competitor Overstock also intends to drop its California affiliates.
Twitter, the popular messaging site, may be growing out of its startup phase with a possible headquarters move to Brisbane, California, according to brokerage sources in the San Francisco Business Times.
Here’s the latest action we’re following on the GreenBeat today:
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner Perkins, $62 million for Khosla Ventures. The company raised a total of $85 million.
The California Supreme Court swept away the last legal impediment to the state’s $3 billion stem-cell research program Wednesday when it declined to review two lawsuits that challenged its constitutionality.
(UPDATE: Minor editing.) Massachusetts may soon be the next state to offer direct support for stem-cell research and related biotechnology developments. Gov. Deval Patrick yesterday proposed a $1 billion, 10 year life-sciences initiative that would provide a variety of direct grants and subsidies aimed at promoting both academic research and commercial development of new medical therapies.