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Austin real estate startup wins more than $25K at pitch contest for veteran-run businesses

Technology News - Fri, 04/20/2018 - 19:30
Eighteen startups founded by former military members competed April 13-14 in the 2018 Veterans Business Battle at Rice University in Houston — and one from Austin left with quite a few cash and noncash prizes.  Tenavox Corp. won $25,000 from the Houston chapter of the Entrepreneurs’ Organization; a $500 cash prize with the potential of an investment offer from Houston-based Amegy Bank; and a mentorship package with an opportunity of extended financing by the women’s investment group nCourage…

Dell-owned Pivotal Software raises $555 million in IPO

Technology News - Fri, 04/20/2018 - 19:07
Pivotal Software Inc., owned by Round Rock-based Dell Technologies Inc., raised $555 million Friday in its initial public offering. Shares of the the San Francisco-based cloud-computing company climbed nearly 5 percent in their first day of trading to close at $15.73 apiece. Pivotal (NYSE: PVTL) on Thursday night had priced its 37 million shares at $15 a pop for a market cap of $4.3 billion. The new stock had an exciting debut on the Big Board, climbing as high as $16.58 per share at the open…

Greitens faces new charge of felony tampering

Technology News - Fri, 04/20/2018 - 18:22
St. Louis Circuit Attorney Kimberly Gardner on Friday charged Missouri Gov. Eric Greitens with two counts of felony tampering with computer data for allegedly using a donor list owned by The Mission Continues, a nonprofit Greitens founded and has since left, to use in raising funds for his 2016 run for governor. The complaint states that on or about April 22, 2015, Greitens disclosed the list over a computer without the charity’s permission, and since it’s valued $500 or more, he’s charged…

Zillow sees 'big opportunity' in plan to flip houses; others are skeptical

Technology News - Fri, 04/20/2018 - 17:20
There's a thin margin to be made in flipping individual homes, but Zillow Chief Marketing Officer Jeremy Wacksman said it will add up when done on a large scale.

SmugMug to buy Flickr from Verizon's Oath in combo of big online photo businesses

Technology News - Fri, 04/20/2018 - 17:01
SmugMug has agreed to buy the Flickr photo-sharing site in a deal it says will create "the most influential photography community in the world." Flickr was founded by Stewart Butterfield and Caterina Fake in 2004 and sold to Yahoo in 2005 for about $25 million. It has been owned by Verizon Communications' Oath subsidiary since last summer. No financial details of the sale to Mountain View-based SmugMug were disclosed. SmugMug is an independent family-run business that launched in 2002, providing…

Video: Green Bits CEO talks about big venture round, bucking cannabis barriers (Video)

Technology News - Fri, 04/20/2018 - 16:48
Fresh from winning one of the largest venture fundings of a cannabis-related business, Green Bits CEO Ben Curren spoke with Silicon Valley Business Journal on 4/20 — the unofficial marijuana-connected holiday. In the video attached to this story, Curren talks about how his San Jose startup has more than doubled in the past year despite reluctance on the part of the venture, banking and payments industries to get involved in something that hasn't been legalized by the Federal government. Curren's…

Amazon details its growing business ties with Blue Origin and the Washington Post

Technology News - Fri, 04/20/2018 - 16:27
Amazon.com Inc. did business worth millions of dollars last year with founder and CEO Jeff Bezos' other companies: Blue Origin and the Washington Post.

4/20 Survey: 20 'highest' tech companies include Netflix, Apple, Google

Technology News - Fri, 04/20/2018 - 16:25
Tech employees at companies based in the Bay Area and Seattle are more likely to be cannabis users than the average American. That's the conclusion of a survey done by Teamblind Inc., a San Francisco startup whose app Blind is a sort of anonymous online watercooler where corporate employees can exchange real-time feedback they otherwise might not be willing to share because of bureaucracy and office politics. Teamblind asked more than 5,000 users of its app whether they had used cannabis in the…

ULA slows Vulcan debut for upper-stage engine switch

Technology News - Fri, 04/20/2018 - 15:58
CEO Tory Bruno says the rocketmaker is considering alternatives to Aerojet Rocketdyne's RL-10 for Vulcan and explains what's driving the change.

Yelp CEO: Company boards are asking about hiring outside of the Bay Area because housing costs are too high locally

Technology News - Fri, 04/20/2018 - 15:04
The discussion of where to hire employees "has shifted dramatically as costs continue to escalate,” Yelp CEO Jeremy Stoppelman said.

U.S. Bank, Comerica shake up Bay Area executive ranks

Technology News - Thu, 03/22/2018 - 07:50
One executive says he's now a "self-employed contractor" and won't discuss his departure. Separately, an investment banker is promoted.

How this local team of seven employees makes a big impact in the cybersecurity world

Technology News - Thu, 03/22/2018 - 07:48
This local cybersecurity company stays busy working with the FBI and tracking down hackers around the globe.

Incident response planning is the first line of defense against a data breach

Technology News - Thu, 03/22/2018 - 07:47
The biggest risk a company can take when it comes to cybersecurity is waiting until after an incident occurs to think about how to respond to the attack.

Boulder biotech raises $35 million

Technology News - Thu, 03/22/2018 - 07:47
A Boulder biotech that's studying cancer therapies said it's raised $35 million in an initial fund-raising round. ArcherDX Inc. said the $35 million round was co-led by Boulder Ventures Ltd. and PBM Capital Group LLC. Also participating in the Series A financing round were Longwood Fund and Peierls Foundation. Kyle Lefkoff of Boulder Ventures has joined the ArcherDX board of directors. The Boulder company said it will use the funds to "support the rapid commercial growth of its targeted sequencing…

Tempe Police release fatal Uber crash video (Video)

Technology News - Thu, 03/22/2018 - 07:45
The Tempe Police Department has released the video from the fatal Uber crash Sunday night that killed a 49-year-old woman. The video shows the victim Elaine Herzberg walking her bike in the middle of the road. It does not show the actual collision "due to the graphic nature of the impact," said Det. Liliana Duran in an email. The video also shows an interior view of the driver looking down at something off and on, possibly a phone or computer screen, before looking up in surprise right before…

Zuckerberg breaks his silence, outlines path forward: 'We made mistakes'

Technology News - Thu, 03/22/2018 - 07:43
Facebook CEO Mark Zuckerberg broke his silence on Wednesday afternoon, for the first time addressing the Cambridge Analytica data breach scandal that has engulfed the company all week. The markets did not immediately react to his statement, with the stock closing the day up 0.73 percent. Facebook has lost some $60 billion in value since the story broke over the weekend. The New York Times report alleged that Cambridge Analytica, a secretive data mining company that worked with Donald Trump's 2016…

Tempe Police release fatal Uber crash video (Video)

Technology News - Thu, 03/22/2018 - 07:41
The Tempe Police Department has released the video from the fatal Uber crash Sunday night that killed a 49-year-old woman. The video shows the victim Elaine Herzberg walking her bike in the middle of the road. It does not show the actual collision "due to the graphic nature of the impact," said Det. Liliana Duran in an email. The video also shows an interior view of the driver looking down at something off and on, possibly a phone or computer screen, before looking up in surprise right before…

Baltimore edtech firm Allovue looks to raise $5.5 million

Technology News - Thu, 03/22/2018 - 07:38
Baltimore education technology startup Allovue is looking to raise $5.5 million in funding, according to documents filed with the U.S. Securities and Exchange Commission. The five-year-old firm, headquartered above the R. House food hall in Remington, said it is still in the midst of the latest fundraise and declined to comment on what the funds will be used for. The edtech firm previously raised a $5.1 million Series A financing round in 2015. That round was led by Rethink Education and intended…

Whole Foods details how Amazon's tech, other changes benefit vendors

Technology News - Thu, 03/22/2018 - 07:37
At a meeting with worried vendors, Whole Foods Market Inc. execs outlined how new policies could benefit both the grocery chain and the product suppliers that stock its store shelves, including leaning on the technology brought to the table by Amazon.com Inc. — which last year purchased the Austin-based retailer for $13.7 billion. Whole Foods, which has 473 stores spread around the world, told the vendors at the March 20 meeting that putting grocery products up for sale through Amazon's Prime…

What Southern California needs to do to become the next technology hub

Technology News - Thu, 03/22/2018 - 07:35
Southern California could be the next major global technology hub on par with Silicon Valley, but it has some work to do first. That’s the conclusion of a study commissioned by the Alliance for Southern California Innovation — the nonprofit founded by Steve Poizner in 2017 to nurture and accelerate the growth of an entrepreneurial ecosystem in the region. For the study, called “How Southern California Could Be the Next Great Tech Ecosystem,” Boston Consulting Group interviewed more than…

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