Surveillance firm Insitu sells to Boeing for reported $400M
Aerial surveillance startup Insitu surprised everyone Tuesday when it said that it would sell to Boeing, one of the world’s largest aviation firms. The company, which makes unmanned aerial vehicles (UAV), had been expected to go through an IPO within a year or two.
UAV makers have met with plenty of success in the past few years, in part because of the vast military expenditures in Afghanistan and Iraq, as well as growing markets for applications… Continue Reading
VC firms grapple with generational change
Visit the venture capitalists on Sand Hill Road, and you’ll sense significant confusion about how to invest in the latest Internet technologies.
The old guard can’t keep up. Young, smart engineers are proposing ways to exploit the paradigm shift of Web 2.0, and it takes the younger, more curious venture capitalists to understand it all. One solution would be to promote more younger partners, but older VCs are only slightly less tenacious than Supreme Court justices… Continue Reading