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

Boom and Bust:’s Fire Sale Is Cautionary Tale — was supposed to be a billion-dollar e-commerce juggernaut. It had early traction, blue-ribbon backers and hundreds of millions of dollars in financing. Instead, Fab stands as a cautionary tale for the latest generation of high-flying Internet startups. On Tuesday, PCH International, an Irish electronics contract manufacturer, said it acquired the website and two offices in New York and India.

Bill Gurley: FOMO in the “Private IPO” Market Fuels Valuations — After speaking about the risks of "cramming" too much money in startups at the Goldman Sachs technology conference last week, venture capitalist Bill Gurley exited the stage. More than a dozen investors swarmed the lanky partner of Benchmark, eager to speak with him- but few were planning to heed the venture capitalist's advice.

Berkeley Center for Law, Business and the Economy — Reuters recently published an analysis of Prof. Robert Bartlett's paper " Do Institutional Investors Value the 10b-5 Private Right of Action? Evidence from Investor Trading Behavior Following Morrison v. National Australia Bank Ltd. ", in which he asserts that there is an apparent gap between institutional investors' adamant advocacy for shareholder class actions and their actual trading decisions.

The Venture Capital Club Gets Less Exclusive — When Gil Penchina decided to invest $25,000 in Beepi Inc., a two-year-old online buyer and seller of used cars, he fired off an email asking other people if they wanted to get in on the deal. Within a day, he rounded up a total of $2.8 million from nearly 100 investors-and rejected 300 more.

Spotify picks Goldman to raise $500m — Music streaming service Spotify is working with Goldman Sachs on a new round of private fundraising, potentially putting off an initial public stock offering for another year, said people familiar with the matter.

Startups See Your Face, Unmask Your Emotions — Paul Ekman, perhaps the world's most famous face reader, fears he has created a monster. The 80-year-old psychologist pioneered the study of facial expressions in the 1970s, creating a catalog of more than 5,000 muscle movements to show how the subtlest wrinkling of the nose or lift of an eyebrow reveal hidden emotions.

Oculus to Make Virtual-Reality Movies — If you build the content, they will come. That is the theory behind Oculus VR's Story Studio, a new in-house laboratory to create films in virtual reality and to research best practices for storytelling. The studio, expected to be unveiled Monday at the Sundance Film Festival in Park City, Utah, is a big push by Facebook Inc.'s Oculus to...

At Sundance, a Virtual-Reality Movement Stirs — I'm flying a few hundred feet above the Transamerica building in San Francisco, just a few blocks north of my office. As I tilt my wings down, the wind rushes my face and I feel that unmistakable drop in my stomach.

SpaceX Gets $1 Billion from Google, Fidelity — Space Exploration Technologies Corp. said it has raised $1 billion from two new investors, Google Inc. and Fidelity Investments, in a move aimed at supporting space transportation and satellite manufacturing. Google and Fidelity will collectively own just under 10% of the company, SpaceX said in a statement on its website.

Google closes in on $1 billion investment in Musk’s SpaceX — Google Inc. is close to investing roughly $1 billion in Space Exploration Technologies Corp. to support its nascent efforts to deliver Internet access via satellites, according to a person familiar with the matter. The investment would value SpaceX, backed by Tesla Motors Inc. Chief Executive Elon Musk, at more than $10 billion according to this person.
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Mar 02, 2015

"Older users,who theoretically have less supply and offer less demand, should pay a greater amt."… #takemetopasture

Mar 02, 2015

@adholden @fri6ken @ashleymayer i don't really want to get past the "creepiness" factor -- let's stay there for awhile

Feb 26, 2015

If Banksy really followed the web, he would have done"34 kittens who can't even right now"…

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