venture

Andreessen explains how Steve Jobs, Tim Cook are different

Famed Silicon Valley venture capitalist Marc Andreessen believes there is one major difference between Tim Cook and Steve Jobs: a desire for market share.

Speaking last night at an event in New York City, Andreessen said that Jobs' "single playbook" was to "invent a new product category, start with 100 percent market share, and then every day that goes by, lose market share until some terminal outcome."

Andreessen pointed to the Macintosh computer, the iPod, the iPhone, and the iPad as examples of that strategy. He noted -- correctly so -- that while Apple might own … Read more

Condoleezza Rice, Robert Gates sign deal with Khosla Ventures

A consulting firm owned by former Secretary of State Condoleezza Rice and former Secretary of Defense Robert Gates has inked a deal with venture capital firm Khosla Ventures.

RiceHadleyGates announced today that it will provide "strategic insight" to Khosla Ventures in an effort to help the venture-capital firm's portfolio companies "make critical business decisions around expanding to markets like China, India, and Brazil."

"We look forward to putting our network and experience to good use by helping the Khosla companies navigate the tricky waters of political, policy, and regulatory issues around the world," … Read more

Quantum computing goes mainstream? New VC fund debuts

Quantum computing tends to sounds like something out of a science fiction novel or at least The Big Bang Theory. But a new venture capital fund, launching today, is trying to take it mainstream.

The Quantum Wave Fund, which will set up shop in Boston, plans to invest solely in early stage, private companies working on breakthroughs in quantum technology. It won't be providing funding for early research but instead will seek out companies who already have viable and promising products related to quantum computing.

"Too many people take quantum computing as hypothetical," Serguei Kouzmine, managing partner … Read more

Ron Conway steps back as Y Combinator cuts team funding

Superstar angel investor Ron Conway will no longer be part of the team of investors giving money to the dozens of startups taking part each year in Y Combinator, one of the world's most prestigious incubators.

Y Combinator said today that it is sharply reducing the amount of venture funding each startup coming through the program is given. For the last two years, each team was seeded with $150,000 in funding from Conway, of SV Angel, Yuri Milner, and Andreessen Horowitz. Starting today, that amount has been slashed to $80,000 per team, the incubator said, as it … Read more

Winklevoss twins lead $750K investment in shopping startup

The Winklevoss twins, known for their long legal battle with Facebook CEO Mark Zuckerberg, have made another investment as venture capitalists in their post-Facebook lives.

Cameron and Tyler Winklevoss, also known as the "Winklevii," led a $750,000 investment round for Hukkster, an online shopping startup that lets shoppers track online merchandise and receive notifications when prices drop, The New York Times reported today.

New York-based Hukkster was founded by two former retail consultants, Katie Finnegan and Erica Bell, and has more than 10,000 users. Retailers such as J. Crew, Bloomingdale's, and ShopBop pay a referral … Read more

Olympus gives in, settles with Intellectual Ventures

Intellectual Ventures, the giant patent-holding company that's become synonymous with the term "patent troll," says it has settled a contentious infringement suit with camera-maker Olympus.

The suit, filed in Sept. 2011 against Olympus and fellow camera-maker Canon, claimed the companies infringed on nine image sensor patents, the first of which was filed in 1995 and granted three years later. Intellectual Ventures, founded by ex-Microsoft executive Nathan Myhrvold, is still pursuing the case against Canon, as well as a similar suit, filed a month later, against Nikon.

Financial terms of the settlement were not disclosed. But the deal highlights … Read more

Google Ventures reportedly gets $100 million funding boost

Google Ventures, the search giant's venture-capital arm, is getting more cash to play with.

Google Ventures will now be allowed to invest up to $300 million a year into startups, up from the previous limit of $200 million per year. The boost was reported to Reuters by Google Ventures managing partner Bill Maris, who told the news outlet that the increased cash "puts a lot more wood behind the arrow if we need it."

Google Ventures kicked off in 2009 as a way for the search giant to identify early-stage companies and give them cash to help … Read more

Udacity snags $15M to continue its assault on higher education

Few industries are under greater assault by technology than higher education -- and few companies are doing more to upend the way people learn the world over than Udacity, the young Palo Alto, Calif.-based startup that's brought computer science classes online and watched hundreds of thousands of students enroll. For single classes.

The startup is led by Sebastian Thrun, a former Google VP and fellow who led the development of Google's self-driving car and Google Glasses. And those are just some of his accomplishments. It was while he was a professor at Stanford University that he stumbled … Read more

Patent activists: Let's light up Intellectual Ventures' IP portfolio

One of Intellectual Ventures' biggest secrets is under attack.

The Bellevue, Wash.-based patent firm and invention lab, co-founded in 2000 by former Microsoft CTO Nathan Myrhvold, owns more than 40,000 patents or pending patents and keeps a tight lid on its collection. So tight, in fact, that you can't see it unless you partner with the company and sign a non-disclosure agreement.

The end result can be that companies with products that might infringe on one of those patents, or that simply want to license one of IV's patents, don't exactly know what they're … Read more