Wall Street Journal tech editor. Co-creator of Billion Dollar Startup Club: https://t.co/LjV00Qe4mP and Startup Stock Tracker https://t.co/jjVmiWL3jh Hook 'em!

White Men Still Dominate The Venture Industry

blogs.wsj.com — The more the venture capital industry changes, the more it stays the same. Or so it seems when examining the demographic composition of U.S. venture capitalists, specifically gender and race. A new survey of venture capitalists shows little has changed in the area of diversity since the first poll was conducted three years ago by the National Venture Capital Association and Dow Jones VentureSource.

Study Signals Slow Shift Toward VC Diversity

wsj.com — Younger investment professionals are more likely to be female, Asian or non-U.S.-born than older ones, though overall the industry is still dominated by white males, a new survey finds. The results also show that women are not finding a path from C-level jobs to top venture-capital positions.

“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.

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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

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

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

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

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

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.
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Jul 28, 2016

Second driver is excellent. He drove formerly for Uber and Lyft and says Fasten is the best of the bunch. Not as many glitches on weekends.

Jul 28, 2016

First impression, not good. Car drove right by and canceled!

Jul 28, 2016

Well, I'm proud to report I survived the worst seat in the house on Southwest. Except they yanked our peanuts back due to a peanut allergy.

Jul 28, 2016

@jmccarter80 Yeah I found that out the hard way. By the time I realized it the 36 hour window was long gone. (I think it's $15 now)

Jul 28, 2016

@ellenhuet I checked in 12 hours ahead of time! By then it said there were no online boarding passes. I guess I'm the only procrastinator.

Jul 28, 2016

@ScottMAustin I am such a rookie Southwest flyer. But they seem like nice gentleman.


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