WSJ tech editor in SF. Co-creator of The Billion Dollar Startup Club: wsj.com/billion-dollar… and The Startup Stock Tracker wsj.com/tech-startup-s… Hook 'em!

“It’s Like Two Porcupines Mating”

“It’s Like Two Porcupines Mating”
blogs.wsj.com — By Scott Austin Ever heard the one about the merger of two venture-backed companies? It's like leaning two drunks together, hoping they'll stand. That was a common quip uttered by VCs during the tech bust, when venture capitalists looked for ways to merge two venture-backed companies that couldn't necessarily survive on their own but could dominate a particular market when combined.

The Startup Stock Tracker

Mutual Funds Sour on Startup Investments

Mutual Funds Sour on Startup Investments
wsj.com — News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Fidelity, BlackRock and other giants cut value of their stakes at faster pace, make fewer new investments Mutual funds that helped fuel the technology boom are cutting the value of their startup investments at an accelerating pace and are making fewer new investments.

Yahoo Writes Down Tumblr’s Value by $230 Million

Yahoo Writes Down Tumblr’s Value by $230 Million
blogs.wsj.com — Marissa Mayer's biggest acquisition as Yahoo Inc. chief executive is looking more and more like one of her biggest mistakes. Buried in Yahoo's fourth-quarter earnings press release Tuesday was this nugget: The company is taking a $4.5 billion charge after revaluing certain assets, including the blogging site Tumblr.

Square Pays $93 Million Penalty to Some Investors in IPO

Square Pays $93 Million Penalty to Some Investors in IPO
blogs.wsj.com — Square Inc. will have to give some investors additional shares valued at $93 million after its initial public offering priced well below a promised threshold. The payments company's IPO priced at $9, below an expected range of $11 to $13 and well under the $15.46 that investors including Rizvi Traverse and J.P.

Stanford, Michael Bloomberg Now Back Every Y Combinator Startup

Stanford, Michael Bloomberg Now Back Every Y Combinator Startup
blogs.wsj.com — When startup incubator Y Combinator changed the terms of its seed funding last year, it quietly added two prominent investors as de-facto backers of every company in the program. Stanford University's endowment fund and Willett Advisors LLC, the fund managing Michael Bloomberg's investments, now invest a combined $100,000 in every startup to go through YC, according to people familiar with the matter.

Twitter’s Anthony Noto Had Top Pay of $73 Million Last Year

Twitter’s Anthony Noto Had Top Pay of $73 Million Last Year
wsj.com — Anthony Noto, the former banker who left his lucrative career at Goldman Sachs Group Inc. to become financial chief at Twitter Inc., was the top earner at the social media company last year. Mr. Noto had compensation of $72.8 million in 2014, including stock awards valued at $63.1 million and options of $9.5 million, according to Twitter's annual proxy statement filed Monday.

Twitter’s Anthony Noto had top pay of $73 million last year

Twitter’s Anthony Noto had top pay of $73 million last year
marketwatch.com — Anthony Noto, the former banker who left his lucrative career at Goldman Sachs Group Inc. to become financial chief at Twitter Inc. , was the top earner at the social media company last year. Noto had compensation of $72.8 million in 2014, including stock awards valued at $63.1 million and options of $9.5 million, according to Twitter's annual proxy statement filed Monday.

Credits Roll On Would-Be ‘Thunder Lizard’ B-Side Entertainment

Credits Roll On Would-Be ‘Thunder Lizard’ B-Side Entertainment
blogs.wsj.com — Angel investor Mike Maples, Jr., is drawing a lot of attention in the tech blogosphere after his speech last week in which he descriptively labeled certain start-ups as "Thunder Lizards" (think Godzilla). In Maples' eyes, these are companies that devour competitors and are "wildly disruptive" yet don't need to raise a ton of capital.

Kleiner Perkins Invests In Facebook At $52 Billion Valuation

Kleiner Perkins Invests In Facebook At $52 Billion Valuation
blogs.wsj.com — Kleiner Perkins Caufield & Byers and Facebook are together at last. VentureWire reports today that Kleiner is taking a small stake in Facebook by buying as much as $38 million of stock from other shareholders at a valuation of $52 billion - a bit higher than the $50 billion price tag that Goldman Sachs and DST Global set when they recently invested $1.5 billion.
More Articles →
May 03, 2016

Have we "reached the limits of the returns that SIlicon Valley’s blitzscaling venture model can produce?" by @bryce medium.com/@bryce/are-we-…

May 02, 2016

RT @TMannWSJ: I'm told we do in fact have some video of @JohnCarreyrou's 5-hour meeting with the @theranos lawyers. Roll it, Jim. https://tpic.twitter.com/EJt0lWkEtbco/EJt0lWkEtb

May 02, 2016

RT @nickbilton: The secret culprit in the Theranos mess is the tech press, which may be as responsible as Elizabeth Holmes. vanityfair.com/news/2016/05/t…Sov69nX

May 02, 2016

RT @geoffreyfowler: Love @ingridmusic's new "Hell No" music vid made of 100% Snapchat filters. Barfing rainbows for the win! youtube.com/watch?v=T4tefn…odlcyChQ

May 02, 2016

@LindaBumpass FB's is stable if anything on that chart, not down. But up from two and three quarters ago.


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