April 2016

Bitcasa killing Drive cloud storage service on May 20, will focus on ‘growing platform business’

April 22nd, 2016|

Bitcasa, a company that has offered a cloud storage service for backing up files, today announced the discontinuation of its Bitcasa Drive cloud service. The service will become unavailable at 11:59 p.m. PT on May 20. “We are discontinuing our Bitcasa Drive service in order to focus our full attention on our growing platform business,” the company said in an unusually succinct [...]

Natural language processing startup Idibon nears shutdown

April 22nd, 2016|

Idibon, a startup that has developed technology for analyzing text in many languages, could be shutting down soon, VentureBeat has learned. The company ran out of the money needed to keep operating independently, and acquisition talks recently fell apart, a source familiar with the matter told VentureBeat. Employees were told earlier this week that Friday would be their last day, the source [...]

Fewer deals and smaller checks: Startups suffered in Q1 as first-time financing fell 31%

April 15th, 2016|

While it’s never easy for entrepreneurs to convince venture capitalists to invest in their new companies, it was especially difficult during the first quarter of this year. Fewer startups received first-time funding, and those that were fortunate to do so saw smaller checks. For the first three months of 2016, initial funding deals declined 16 percent to 297, and the total dollars invested fell 31 percent to $1.7 [...]

Women in tech: What’s the real problem?

April 15th, 2016|

In my 20-plus years in tech, and now in Silicon Valley as part of a tech foundation that supports innovations, I’ve had the opportunity to partner with many entrepreneurs and help foster the growth of dozens of startups for social good. As a woman, the fact that I’m still working in tech, and in a leadership position, is not lost on me. [...]