Posts Tagged ‘silicon-valley’

Sequoia Capital Values Skyscanner at $800 Million in Mobile Travel Search Deal

October 3, 2013  |  All Things Digital  |  No Comments

The worldwide use of mobile devices to search for flights, hotels and other travel information is growing, and Sequoia Capital is betting on one mobile app maker to become the leader in the sector. The Silicon Valley venture firm has made one of its largest equity investments ever, acquiring shares of Skyscanner Ltd. in a deal that values the Scotland-based company at $800 million. Read the rest of this post on the original site »

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Meet the NSA’s Own Social Graphs, Comprised of Americans’ Data

September 28, 2013  |  All Things Digital  |  No Comments

The hottest, stealthiest social network won’t be found in any Silicon Valley incubator. It’s up and running. And you may already be a member. In an effort spanning the past three years, the United States National Security Agency has mined its massive stores of collected citizen metadata to create a series of social graphs, according to documents and confidential sources unearthed by the New York Times , mapping the large, interconnected web of connections between people. The graphs — which the Times claims details specifics as granular as citizens’ locations at certain times, personal connections with others, and traveling companions — were created piecemeal from vast public data stores, including (but not limited to) Facebook profiles, voter registration records, tax data and property records. The NSA acknowledged the program in a statement to the Times, but declined to state the number of Americans involved. Any data queries are required to have some sort of “foreign intelligence justification,” an NSA spokeswoman told the Times. The report is the latest in a series of revelations on the scale and depth of U.S. surveillance efforts, kick-started by the bombshell disclosures of former NSA contractor and whistleblower Edward Snowden over the summer. Since Snowden’s disclosures, Silicon Valley Internet companies have issued vehement denials that the U.S. government had carte blanche access to customer data. The extent to which companies can explain how much data has been handed over to the government is limited, however, as current laws prohibit companies from disclosing certain details related to national security. It is unclear how much the NSA’s graphing efforts rely on data from Facebook, Apple, Google, Yahoo, Microsoft or any other number of Internet companies that have complied with the government’s requests for private data. Read more of the Times’ in-depth account here .

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Hey Yahoo! Take a Gander at These (Much Better) Crowdsourced Logos

September 6, 2013  |  All Things Digital  |  No Comments

Yahoo debuted this new logo yesterday — the first redesign since 2009 (and not in 18 years, as the Silicon Valley Internet giant claimed) — and it was greeted with less-than-enthusiastic reviews. While everyone will eventually get used to it, I suppose, very few thought the effort — apparently done in all-nighter style over a weekend by CEO Marissa Mayer and various Yahoo elves — was up to snuff. For example, as I noted about the logo, which is above: The new logo is slimmer and neat, with the old serifs gone and minus the longtime whimsical tone. Stark and sensible — with an Optima font flavor and a whole lot of sharp edges (not very kid-friendly, IMHO) — it’s very much in keeping with CEO Marissa Mayer’s tidy design sensibilities. In fact, the new Yahoo logo kind of looks like it is a little hungry all the time, like some supermodel in a Vogue magazine spread. The Logo wears Prada! I consider naming it Giselle (and I wonder if I should offer Giselle a cronut?). And that was one of the nicer takes! But after getting an email tonight from about what could have been, I am beginning to feel less charitable. That’s because the global design crowdsourcing startup — with over 130,000 designers — gave its community a challenge of coming up with something better. And, they did

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Yahoo Names Maynard Webb Permanent Board Chairman

August 16, 2013  |  All Things Digital  |  No Comments

Yahoo on Friday named Maynard Webb the company’s chairman. “Maynard Webb’s leadership and guidance have been an invaluable part of our board since he joined it in 2012,” a Yahoo spokesperson said in a statement. “We are honored that Maynard will continue to serve as Chairman of the Board.” Webb first took over as interim chairman in late April, when Yahoo announced that Fred Amoroso would be stepping down as chairman and leaving the company’s board. Webb, a Silicon Valley veteran, was CEO of LiveOps from 2006 to 2011, and before that served as president of technology and then COO of eBay from 1999 to 2006. Bloomberg earlier reported the changes .

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Icahn Wants Apple Buyback Done Soon at About $525 a Share

August 13, 2013  |  All Things Digital  |  No Comments

Investor Carl Icahn said he has acquired a “large” number of Apple Inc. shares, stating that they are undervalued and expressing interest in further share buybacks by the Silicon Valley giant. The activist investor didn’t disclose the size of his stake. A person familiar with the position said he made a $1 billion investment. Mr. Icahn, who is known for buying large positions in various companies and then agitating for change, disclosed the purchases on his Twitter account—marking one of the first times such a position has been initially disclosed through the medium. Read the rest of this post on the original site »

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Ryan Seacrest, Kevin Systrom Help Bridge Gap Between Hollywood, Silicon Valley

August 6, 2013  |  Variety  |  No Comments

The distance between Hollywood and Silicon Valley is being bridged by people like Seacrest and Systrom, who are emblematic of an ongoing cross-pollination between these two worlds.

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"Luminary" Access Site IfOnly Officially Launches With $3M in Funding From Tech Luminaries

August 3, 2013  |  All Things Digital  |  No Comments

IfOnly , a charitable marketplace for experiences with the top “luminaries” in sports, cooking and entertainment, is officially launching its site, after collecting $3 million in funding from a group of, well , tech luminaries. The San Francisco startup has raised the money from a spate of well-known Silicon Valley players, including Marc Benioff, Yuri Milner, Nirav Tolia, Dave Goldberg, Mark Pincus, Jeremy Stoppelman, Owen Van Natta and Hosain Rahman, among others. The concept behind the business, which has been in beta until now, is to offer the general public the ability to rub shoulders with big names — everything from a dinner with former San Francisco 49ers legendary quarterback Joe Montana, to having super-chef Tyler Florence design your kitchen or to getting singer Brunos Mars to sign a guitar. Or how about spending $116,000 for this : “After a night in The Penthouse Suites at the Bellagio, you and three guests will meet Andre Agassi and Stefanie Graf for a private tennis clinic at their local training courts, followed by lunch. This is a once-in-a-lifetime opportunity to gain insight into your game from two tennis legends. Later that evening, relive stories from the afternoon over dinner at the elegant Michael Mina restaurant. You will leave the next morning with personalized and hand-signed memorabilia to help commemorate this special occasion. Perfect for diehard tennis fans.” Perfect for extraordinarily rich diehard tennis fan, actually. But founder and longtime Web entrepreneur Trevor Traina noted that some things offered on IfOnly can be gotten for as low as $35 (that would be a hand-signed guitar pick from Third Eye Blind’s Stephan Jenkins). “We are offering things that cannot be gotten anywhere else and only focus on people who are at the top of their craft,” said Traina. “While a lot of well-known people have gotten comfortable with getting close to fans via social media, it’s largely been one direction and what we are moving toward is bi-directional.” Essentially, it’s literally delivering the A-List to the masses. Unlike online charity auction sites, where celebrity-affiliated items like this have become available, IfOnly prices are fixed, with about 70 percent of the amount paid going to a charity, selected individually by the stars. IfOnly makes money by taking at least 10 percent of the gross.

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Yahoo Paid $60M to $70M for Rockmelt — Will Dump Browser and Use Tech to Better Deliver Its Media and Mobile Properties

August 2, 2013  |  All Things Digital  |  No Comments

According to sources close to the situation, Yahoo paid $60 million to $70 million for social browser startup Rockmelt , with an aim of using its technology to turbocharge its myriad of media and mobile properties. The ambitious startup had not gained as much traction with its desktop browser as had been hoped since it launched several years ago to much attention, but it is hoped a link with the Silicon Valley Internet giant will give it a new energy. Sources said that Rockmelt has been focusing its attention of late on its mobile efforts and this engineering will become part of Yahoo’s own efforts in the area. The deal is not exactly a win for investors, who pumped close to $40 million into what was essentially a moonshot effort to compete via differentiation with browser powerhouses, including Google Chrome, Mozilla’s Firefox and Microsoft’s Internet Explorer. Rockmelt’s funders included a panoply of big names in venture and also angel investing, such as Accel Partners, Khosla Ventures, Andreessen Horowitz, Bill Campbell, First Round Capital and Ron Conway. But the acquisition does land a very gifted tech team at Yahoo, which is in need of more such talent. In the deal, its founders — ex-Netscape team member Tim Howes and former OpsWare employee Eric Vishria — will become key execs in the effort, with Howes running engineering for all its mobile products and Vishria becoming a VP for media products across Yahoo. As Mike Isaac just reported , Yahoo announced that it had acquired Rockmelt, a startup which aimed to reinvent the way users browse the Web through a host of social features. “The parallels between Yahoo! and Rockmelt are obvious: we share a common goal to help people discover the best personalized content from around the web,” said Yahoo product heads Mike Kerns and Adam Cahan in a company blog post. Rockmelt was created by Howes and Vishria and was originally launched an entirely new desktop browser back in 2010 , a standalone app to combat the likes of Google’s Chrome, Microsoft’s Internet Explorer and Mozilla’s Firefox, among others. As Isaac noted, “the fledgling browser company seemed to face almost too many hurdles on all fronts, and failed to gain as widespread adoption in the browser market as it had hoped to.” Rockmelt plans to shut down its existing apps at the end of August, the company said. That’s a far cry from Rockmelt’s once-lofty ambitions.

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Yahoo Plans Splashy New San Francisco Digs (and Dreams of Neon Billboard’s Return)

July 26, 2013  |  All Things Digital  |  No Comments

Justin Sullivan, Getty Images News According to multiple sources close to the situation, Yahoo is close to signing a lease for a splashy new San Francisco outpost to keep up with the fast growth of other Web companies that have opened high-profile offices here. Yahoo’s Mayer apparently is hoping for a big PR announcement of the space in San Francisco, much as she did with a recent news that the company was opening new digs in Times Square in Manhattan recently, in the former offices of the New York Times. Mayer apparently likes old media locations. While the company has been looking at a number of locations in an increasingly tight office real estate market in San Francisco, it has zeroed in on a large amount of space in the famed San Francisco Chronicle building at 5th and Mission Streets. That is now the location of Square, the high-profile online payments company which did a handsome redo of its office there. It is expected to vacate and move to an even swankier new space nearby by the end of September. It’s not clear if Yahoo has actually signed the lease there or how many floors it will take, but sources said that the deal is in advanced stages. Yahoo, whose main headquarters are in Sunnyvale, Calif. in the heart of Silicon Valley, already has a large location in San Francisco that houses several hundred sales, engineering and other employees over three floors. But it is located in a nondescript office tower in the duller financial district of the city and not in the more hip environs south of Market Street, which has seen a major renaissance over the last two years due to the opening of numerous Internet companies. That’s where companies like Twitter, Airbnb, Square and also many Sand Hill Road venture firms have built dramatic and highly designed offices. In addition, companies with existing big Silicon Valley campuses, such have Google, have also located fast-forward spaces in San Francisco. In fact, the search giant is apparently now dramatically expanding its footprint at its SF HQ in Morgan Stanley’s Hills Plaza building, which is right at the foot of the Bay Bridge on the city’s waterfront. As does Google, so copies Yahoo these days — from free food to trendy offices. In fact, sources said Yahoo CEO Marissa Mayer — who was a longtime Google exec — has been eager to up the company’s attractiveness to younger entrepreneurs, which includes providing appropriate urban digs within a stone’s throw to twee coffee roasters and ironic donut purveyors. There are, obviously, no molasses, Guinness-soaked pear donuts easily found in Sunnyvale.

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Trade Journalism

July 19, 2013  |  All Things Digital  |  No Comments

Instead of trying to shame tech blogs into covering Silicon Valley more critically, let’s stop holding them to the standards of traditional journalism and start thinking of them instead as trade publications. [-- From a story in NYMag by Kevin Roose largely about TechCrunch and PandoDaily]

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