Dell Moves Toward Cheap Networking
New York Times--Almost three months after the collapse of the personal computer industry forced it to become a private company, Dell is moving on its new strategy. It involves destroying the computer-networking business.
Netflix Loses its Cloud Guru to a VC Firm
Bloomberg BusinessWeek--It used to be good enough for venture capitalists just to hand out money. Well, not anymore. The latest example of this arrives on Tuesday, with Battery Ventures announcing the hiring of Adrian Cockcroft as the company’s first “technology fellow.”
Avalara bets on its sales-tax software–and orange
Seattle Times--Scott McFarlane has always found the idea of accounting and sales tax boring, but that didn’t stop him from starting a business to “make sales tax less taxing” for other businesses. That business is Bainbridge Island-based Avalara.
Startups Ratchet Up the Risk With Share Promises
Wall Street Journal--As the battle for financing heats up, some startups are making big promises to their early investors: a guaranteed return on their money when the company goes public.
Opscode gets $32M in fresh dough, a new CFO and a new name: Chef
GigaOm--Opscode, the company behind the popular Chef configuration management tool set, has a new name (it’s Chef, duh); a new CFO in Microsoft alum Curt Anderson and $32 million in new Series D funding to make the most of that new identity and to promote itself as an IT management “platform.”
Glassdoor raises $50M for overseas expansion
USA Today--Glassdoor, a popular jobs and career website, said Thursday it raised $50 million for international expansion. The financing round was led by Tiger Global Management and a new investor Dragoneer Investment Group joined. Existing investors Battery Ventures, Benchmark Capital, DAG Ventures, and Sutter Hill Ventures also participated.
Delete by Default: Why More Snapchat-Like Messaging is on its Way
Forbes--Last May, startup founder Steve Chung got 200 MBA students at Stanford University to try a new mobile messaging app he was working on. It was a social platform that let them send photos, videos and texts to one another, along with an odd-side feature: messages that self-destructed after a few seconds, a la Snapchat.
Hinge, Zola Books, Sprinklr: It’s Not all About Twitter Right Now
Fox Small Business Center--In a week dominated by social media news thanks to the Twitter IPO, social media management company Sprinklr also made headlines closing a $17.5 million Series C round of funding from inside investors Battery Ventures and Intel Capital. The two firms have now invested a total of $37.5 million in the four-year-old startup, which is based in New York City.
Brian O’Malley of Battery Ventures: “Investors are Fundamentally Lazy”
StrictlyVC--Yesterday afternoon, I sat down with Brian O’Malley of Battery Ventures in the gleaming marble lobby of San Francisco’s Four Seasons Hotel. Despite having a cold, O’Malley – who has led Battery’s deals in a long line of solid companies, including Bazaarvoice, which helps e-commerce companies manage customer reviews; SkullCandy, which makes headphones and earbuds; and the hotel booking service HotelTonight — spoke animatedly on a wide variety of topics.