LAN security provider Nevis short circuits, sells assets
Nevis Networks, provider of products used to secure local-area networks, has filed for bankruptcy after a drop in demand. Based in Mountain View, Calif., the company has also come up against tough competition from Microsoft and Cisco Systems. It will offload $500,000 in assets, but it owed $50 million to 49 creditors, reports VentureWire.
Nevis had raised $32 million in capital from BlueRun Ventures, New Enterprise Associates and NewPath Ventures. It isn’t the only network control… Continue Reading
Interview with Vinod Dham, father of the Pentium, on a life in technology and venture investing
Vinod Dham has lived the quintessential Silicon Valley rags to riches immigrant story. Born in Pune, India, he came to the U.S. in 1975 as an engineering student with just $8 in his pocket. He became a chip engineer and helped invent Intel’s first flash memory chip. He went on to manage Intel’s microprocessor projects, including the breakaway Pentium chip that debuted in 1993 and cemented the company’s position as the world’s biggest chip maker…. Continue Reading