Reporter, WSJ - evelyn.rusli (at) wsj dot com 67% tech news, 33% cute puppy .gifs

Year-Old Messaging App Yik Yak Draws Big Valuation

online.wsj.com — Yik Yak, the controversial anonymous-messaging app that has spread rapidly across college campuses, is proof that it can take as little as a year these days to go from zero to a valuation of hundreds of millions of dollars. Sequoia Capital has led a $62 million investment in Yik Yak in the Atlanta-based startup's third funding round this year,...

Former Rising Star Fab May Sell to PCH at a Steep Discount

blogs.wsj.com — One year after venture capitalists valued Fab at about $1 billion, the e-commerce company may sell itself for a small fraction of that price. Fab is in acquisition talks with PCH International, an electronics contract manufacturer, according to a person with direct knowledge of the matter.

Reddit’s CEO Resigns in Office-Space Flap

online.wsj.com — The social news site Reddit said that Chief Executive Yishan Wong had abruptly resigned, apparently over a dispute involving office space.

Reddit Investor on CEO Resignation: ‘We Were Caught Off Guard’

blogs.wsj.com — Reddit said its CEO Yishan Wong has abruptly resigned, apparently over a dispute involving office space. "We have a team in place to ensure that Reddit's best years are still ahead of it," wrote Reddit co-founder Alexis Ohanian, who also announced that he will be returning as executive chairman.

Never Mind Software - Mobile is Eating the World

blogs.wsj.com — It has been three years since Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz, wrote his influential essay, " Why Software is Eating the World." Nothing has changed since then to cast doubt on the ideas he presented. One big change has occurred, though: The rise of mobile.

Airbnb Mulls Employee Stock Sale at $13 Billion Valuation

online.wsj.com — Airbnb Inc. has met with investors to discuss a new round of financing that could the value the apartment-rental site at about $13 billion, according to people familiar with the matter. The company is arranging for investors to buy employee shares, rather than issue new shares, two of the people said.

Google Leads $542 Million Deal in Secretive Startup Magic Leap

blogs.wsj.com — Google Inc. is hedging its bets as it prepares for a future when our laptops and smartphones will be antiquated technology. In one of the largest venture-capital deals on record, the tech giant and a slew of well-heeled firms are investing $542 million in Magic Leap Inc., a secretive visual-display company near Miami.

Stanford professor’s company adds secret ingredient to veggie burgers: plant ‘blood’

marketwatch.com — Patrick Brown, a 60-year-old Stanford University professor turned first-time entrepreneur, says he has found the secret to replicating the taste of red meat: plant "blood." SLIDE SHOW: Building a meat-free burger in the Impossible Foods laboratory. On a recent afternoon in his company's expansive laboratory, Brown poured a deep-red liquid into a plastic cup.

How a Startup Founded by a Nobel Laureate Nearly Went Bust

blogs.wsj.com — Since last Monday, Shuji Nakamura's phone has been ringing nearly nonstop. His email inbox is overflowing and his voicemail is full. Mr. Nakamura, a co-winner of this year's Nobel Prize in Physics, and Soraa, the LED lighting startup he co-founded, are suddenly, very popular. That wasn't always the case.

Will This Veggie Burger Work in India?

blogs.wsj.com — Patrick Brown, a 60-year-old Stanford University professor turned first-time entrepreneur, says he has found the secret to replicating the taste of red meat: plant "blood." On a recent afternoon in his company's expansive laboratory, Mr. Brown poured a deep-red liquid into a plastic cup.
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Nov 24, 2014

1-yr-old Yak raises $62 m, now valued in the hundreds of millions,earlier this year it was val. at ~ $10m -wowza m.wsj.com/articles/year-…

Nov 21, 2014

@pmarca @danprimack shit, did i just back up into a pile of sports metaphors...

Nov 21, 2014

cc @ashleymayer rt @yoreekoh @RachelFeintzeig @jkrim All I want for Christmas is a office puppy that makes me coffee

Nov 21, 2014

@danprimack though yes, on balance, the big vcs are doing fine... :)

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