Marlon Brando once complained that working on the set of a troubled film was like trying to do a crossword puzzle while falling down an elevator shaft. That description came to mind today because it fits perfectly a job in Silicon Valley that recently opened up: CEO of Twitter. [Source: Pando.com]
Big money and even bigger egos are colliding in the tech world’s new company towns. No amount of parks, bike lanes, free buses or other community benefits could make up for the fact that Mountain View is apparently uncomfortable with being a company town. [Source: Next City]
In November 2013, John Locke and Nate Niparko, two members of the investment team at the U.S. venture capital firm Accel Partners, got off a plane in Sydney and jumped in a taxi.
They told the driver to take them to Erina, a sleepy coastal town 57 miles north. Erina was an unlikely home of one of the world’s most popular invoicing apps for small businesses, Invoice2go, created by Chris Strode, a 40-year-old programmer with a passion for surfing. [Source: SMH]
As the demand for tech labor grows, ambitious teenagers are flooding into San Francisco. There’s no official tally of the number of teens who work in tech, but Fontenot estimates that there are as many as a hundred recent high school dropouts working on startups in the city. [Source: The California Sunday Magazine]
Australia’s Prime Minister seems to think that coding is a big waste of time. Unfortunately, this attitude is endemic in much of the conservative side of politics and only worsens the crippling skills shortage already faced by the technology sector. [Source: CodeHire.com]
Started in the early 2000s as a community on the LiveJournal blogging platform, 500px has become one of the most popular places in the internet to store professional and amateur photos, with more than 50 million images in its archives. [Source: TheNextWeb]
“Analytics is something that’s easy to put off. When you’re actively building a company and trying to figure out your value proposition, collecting and splicing data can seem non-critical or premature. But then, all of a sudden, you hit a point where things get complex, you need to understand your customers much better, and you have lots of unusable data because you captured it the wrong way – or didn’t capture it at all.” [Source: First Round]
Now Percolate thinks it has the muscle to take on huge enterprise software companies like Salesforce, Oracle, and Adobe to become the “system of record” for marketing. [Source: Business Insider]
Ok, we haven’t seen this before. We saw the case between the Winklevosses and Mark Zuckerberg turned into a film, but a trailer to an actual lawsuit?
“I hate to say it, but Wattage Inc. is no more. We were unable to secure the additional investment we needed, so we’ve decided to close up shop and call it a day. That said, we did manage to secure a deal that allows us to return our investors’ money. So while we didn’t exactly birth a unicorn, at least it wasn’t a total loss,” says Jeremy Bell, Co-Founder and CEO of Wattage. [Source: Medium]
Chinese startup Honeymate announced this week that it has raised a pre-A funding round of more than RMB 10 million (US$1.6 million). [Source:TechInAsia]
Zenefits, an all-in-one HR software service which only launched two years ago, announced today that it has raised $500 million in new funding led by Fidelity Management and TPG, valuing the company in the quad-unicorn realm of $4.5 billion. [Source: Pando.com]
Anonymous sharing app Secret will shut down soon. The announcement was made today, and there’s some talk of current employees receiving modest severance packages. Having raised $35 million, it’s unlikely that the company is out of money. [Source: Techcrunch]
During conversations with VCs, entrepreneurs will often encounter a few sneaky questions that have nothing to do with their actual businesses today. Many of these are attempts by investors to learn something specific that they don’t want to ask directly, and there’s usually some kind of hidden meaning behind a given question. [Source: TechCrunch]