Michael Moritz, the prominent Silicon Valley investor who has backed companies such as Google (GOOG), LinkedIn, PayPal, and Yahoo (YHOO), is stepping back from some of his responsibilities at his firm, Sequoia Capital, and has disclosed to the firm’s investors that he has a rare medical condition. Moritz did not specify the nature of his illness. In a letter to limited partners sent on Monday morning and provided to Bloomberg Businessweek, Moritz wrote, “I have been diagnosed with a rare medical condition which can be managed but is incurable. I’ve been told that in the next five to ten years the quality of my life is quite likely to decline. Right now I feel fitter than ever and I hope that I’ll be one of ... Continue reading →
Facebook’s IPO Wasn’t a Huge Hit on Twitter Either, Say Studies By Mark Milian | May 18, 2012 9:09 PM EDT | | 0 Comments Photograph by Frank May/dpa/CorbisFacebook's IPO was a popular topic on Twitter today, but not a runaway hit. Facebook’s stock didn’t have the first-day pop that many had predicted. Nor was the initial public offering a breakout hit in Twitter chatter, despite dominating much of the media coverage. An hour before the stock market closed, there were 104,616 messages on Twitter discussing Facebook’s IPO or ticker symbol, according to a study of the social network’s data by PeopleBrowsr. Another study by Topsy, which included a longer timeline, said there were more than 400,000 messages about Facebook going public. The stock closed ... Continue reading →