Friday, October 26, 2012

Bay Area Tech Wire -- Oct. 26

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BAY AREA TECH WIRE -- Oct. 26, 2012
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San Francisco-Based WalkMe Raises $5.5 Million in Second Round
o DeNA Names Clive Downie New CEO of S.F.-Based ngmoco
o TechCrunch Launches Tech Policy Site CrunchGov
o Amazon Takes Massive Charge on LivingSocial Stake, Posts Loss
o San Francisco Chamber Names Winners of Ebbie Awards
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Briefly Noted: Monolithic Power Systems, Integrated Device Technology

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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)


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o San Francisco-Based WalkMe Raises $5.5 Million in Second Round

San Francisco -- WalkMe, the San Francisco-based developer of an interactive online guidance system, said on Friday it has raised $5.5 million in its second round of funding, led by Gemini Israel Ventures. Mangrove Capital Partners -- which provided the company's first round of funding in April -- and Giza Venture Capital also participated. The company will use the proceeds to support growth and accelerate its sales and marketing activities. WalkMe's technology allows online services, websites and software vendors to create interactive on-screen Walk-Thrus that help users complete tasks. Users receive on-screen instructions, displayed as sequential balloon hints, while they perform the actual process.
http://www.walkme.com 
http://money.msn.com/business-news/article.aspx?feed=PR&Date=20121026&ID=15721987&topic=TOPIC_FINANCING&isub=1 
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o DeNA Names Clive Downie New CEO of S.F.-Based ngmoco

San Francisco -- DeNA, a Japanese mobile content company, on Friday named Clive Downie as the new CEO of San Francisco-based ngmoco, a developer of mobile games it acquired in 2010. Downie, most recently the unit's head of studios, succeeds co-founder Neil Young, who will be departing the company along with fellow co-founder Bob Stevenson. Downie earlier spent more than 15 years at Electronic Arts (EA), serving as vice president of marketing. deNA acquired ngmoco for $400 million in cash and stock in Oct. 2010.
http://blog.ngmoco.com 
http://www.dena.jp/intl 
http://www.businesswire.com/news/home/20121025007023/en/Clive-Downie-Named-Chief-Executive-ngmoco 
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o TechCrunch Launches Tech Policy Site CrunchGov

San Francisco -- TechCrunch, the popular technology blog owned by AOL, said on Friday it has launched CrunchGov, a new online hub for information on tech policy. the site, which the San Francisco-based company said falls at the "intersection of technology and politics," features a report card grading members of Congress on tech policy issues, a crowdsourcing tool soliciting public feedback on topics facing Congress and a legislative database of bills currently under review. "At the most basic level, it's a resource for curious wonks and conscientious journalists," said Greg Ferenstein, CrunchGov creator and a writer at TechCrunch. "But more than that, we've seen technology democratize all kinds of industries, so why not use it to democratize democracy itself?"
http://techcrunch.com/policy/ 
http://www.businesswire.com/news/home/20121026005622/en/TechCrunch-Launches-CrunchGov-Moving-Masses-Readership-Citizenship 
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o Amazon Takes Massive Charge on LivingSocial Stake, Posts Loss

Seattle, Wash. -- Less than two years after making a major investment in LivingSocial, online retail giant Amazon on Thursday posted its first quarterly net loss in more than five years, due in part to a $169 million impairment charge from its stake in the daily deals company. Amazon invested $175 million in LivingSocial in late 2010, and currently holds a 29% stake. LivingSocial CEO Tim O'Shaughnessy addressed the issue in a memo to employees, published by Reuters. "You're likely to see news articles saying that we hurt Amazon's earnings and lost a ton of money," wrote O'Shaughnessy. "That doesn't tell the full story." He said that about 95% of LivingSocial's $566 million net loss in the quarter came from non-cash items, including a $496 million charge to write down the value of acquired companies. "Those changes in valuation showed up as an 'impairment' in our financial statements, but they do not affect the day-in, day-out operations of the business."
http://www.livingsocial.com 
http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-newsArticle&ID=1750247&highlight= 
http://www.reuters.com/article/2012/10/26/us-amazon-livingsocial-idUSBRE89P01C20121026 
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o San Francisco Chamber Names Winners of Ebbie Awards

San Francisco -- The San Francisco Chamber of Commerce on Thursday night announced the winners of its annual Excellence in Business (Ebbie) Awards during a gala in San Francisco. The competition's most prestigious award -- the United Airlines Excellence in Business award -- went to asset manager BlackRock. A complete list of the winners, in eight categories, is available at the link below.
http://www.sfchamber.com/eventsprogs/events/ebbies/halloffame.html#winners_2012 
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o Briefly Noted:


(San Jose, Calif.) San Jose-based Monolithic Power Systems (MPS), a manufacturer of analog and mixed-signal semiconductors, has named Eugen Elmiger to its board of directors. Elmiger, the CEO of Maxon group, also will serve as a member of the board's nominating and governance committee.
http://ir.monolithicpower.com/releasedetail.cfm?ReleaseID=716486 

(San Jose, Calif.) San Jose-based Integrated Device Technology (IDT), a developer of mixed-signal chips, on Friday named Norm Taffe to its board of directors. Taffe currently serves on the board of directors of Cypress Envirosystems and also was executive vice president of Cypress Semiconductor, where he ran the Consumer and Computation Division.
http://www.idt.com
http://www.businesswire.com/news/home/20121026005932/en/IDT-Appoints-Member-Board-Directors

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> webMethods Consultants


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> Just Released! SaaS Entrepreneur: Your Guide to Cloud Apps Success!


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> Marketing Events Coordinator

Coblentz, Patch, Duffy & Bass LLP, a mid-size law firm is currently seeking a Marketing Events Coordinator with 3+ years of marketing events experience in a corporate environment to provide administrative support to the Marketing Department. This position reports directly to the Marketing Manager to plan, coordinate and manage all aspects of client seminars and receptions, sponsorship events, Firm events and retreats, and other special events. Candidate must have a Bachelor's degree and the ability to communicate clearly and effectively in one-on-one and small group settings with business partners and outside vendors. Additionally, candidate must be a self-starter, detail oriented, have the ability to organize and prioritize a number of tasks and complete them under time constraints. Strong computer, backend web development, HTML and graphics skills are required. Experience with Adobe Photoshop, Illustrator, and InDesign is preferred. Salary: DOE. Please include your salary requirement. Submit your resume and cover letter to the following link (or copy and paste the link to your web browser) https://home.eease.com/recruit/?id=1185751 
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> Senior Manager, eCommerce -- Redwood City, CA

The Sr. Manager of eCommerce will provide leadership on key eCommerce initiatives within Shutterfly.com to continuously improve our customer shopping experience. Reporting to the Sr Director of eCommerce, this seasoned eCommerce professional will use site analytics to drive informed business recommendations, develop site tests aimed at optimizing business goals and serve as the business lead for selected eCommerce projects. This role is focused on driving a compelling and frictionless eCommerce experience for our customers. It is perfect for someone who is interested in using his/her business acumen, eCommerce expertise, and analytic skills to drive exceptional short- and long-term business results. Apply online at: http://www.shutterfly.com/about/positions.jsp?jvi=oW3aWfwP
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> Account Manager

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> Sr. Financial Analyst

Veracyte is a molecular diagnostics company that is pioneering the emerging field of molecular cytology. Our Finance team seeks an individual who will report to the CFO, with the ability to develop and maintain long-range financial models for the company's strategic plan, produce product revenue projections and forecasts and prepare financial analyses. They will also be able to analyze trends, manage components of the operating plan process, participate in the valuation of potential business development opportunities, and collaborate with R&D, Commercial and Operations functions. The ability to thrive in a fast-paced, challenging and highly diverse team environment is critical. To be a successful candidate you will have at least 4 years of finance/accounting experience, with a proven track record of incorporating applications of accounting principles, financial reporting, and cash management, and be an expert in Excel. It's important that you have experience in life sciences and knowledge/experience with Microsoft GP is a plus, as is an MBA. We would like you to share our commitment to teamwork and collaboration and be excited by the challenges of applying your expertise to an important, emerging area in diagnostics. To apply, please send your resume to jobs@veracyte.com For additional information, see our website www.veracyte.com
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