| ============================================ BAY AREA TECH WIRE -- Jan. 10, 2014 ============================================ Sponsored By: Fairfax County Economic Development Authority http://www.fairfaxcountyeda.org/bay-area-tech-wire o Menlo Park-Based Facebook to Phase Out "Sponsored Stories" Ads o Sunnyvale-Based Moxie Software Names Rebecca Ward as New CEO o Emeryville-Based KineMed Files to Raise Up to $50.9 Million in IPO o Tim O'Shaughnessy to Depart as CEO of LivingSocial > Don't Quit Your Day Job to Become an Entrepreneur: You Can Do Both! o Briefly Noted: hopTo, 5AM Venture Management _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Don't Quit Your Day Job to Become an Entrepreneur: You Can Do Both! --14 Ideas for Marketing Your Business Online --Siteworx Complimentary Report: Best Practices: Digital Asset Management --Enterprise Connect – March 17-20, 2014 --Corporate Food-Service - Catering to Cafe Management --Investment Adviser Executive --Digital Entertainment World: Register Now and Save $200 --Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers Ad Descriptions Below Briefly Noted Section Post Job/Event/Marketplace ad: http://www.bayareatechwire.com _____________________________________________ o Menlo Park-Based Facebook to Phase Out "Sponsored Stories" Ads Menlo Park, Calif. -- Following complaints from privacy groups, Menlo Park-based Facebook will phase out its controversial "Sponsored Stories" ads beginning in April, the blog AllFacebook reported. The social networking giant in 2011 launched the ads, which tell users which of their "friends" have "liked" a particular company or check into a restaurant. Privacy advocates balked at the concept, filing a class-action suit that eventually led to a $20 million settlement with the company last August. "So what does this mean for people on Facebook? As before, you are in control of who sees what you post on Facebook, whether it appears in News Feed, next to ads, or elsewhere on Facebook," the company wrote. "You can visit your Activity Log to see who can see stories about your social actions and change the audience or unlike or delete the content at any time. In addition, you can visit your Ads and Friends setting to limit when stories about your social actions are paired with ads shown to friends." http://allfacebook.com/sponsored-stories-sunset-april-9_b128224 https://developers.facebook.com/roadmap/ https://www.facebook.com/notes/facebook-and-privacy/an-update-to-facebook-ads/643198592396693 _____________________________________________ o Sunnyvale-Based Moxie Software Names Rebecca Ward as New CEO Sunnyvale, Calif. -- Moxie Software, a developer of social software aimed at helping companies connect employees, customers and partners, on Friday named Rebecca Ward as its new president and CEO. She succeeds former CEO Tom Kelly, who will continue to serve on the company's board of directors. Ward most recently was the CEO of Tealeaf, which was acquired by IBM in 2012, and earlier was the group president of engineering, marketing and product development at Digex. "Rebecca's demonstrated leadership in the customer experience industry and in managing high growth companies is the right combination to take Moxie Software to the next level," said Warren Weiss, general partner at Foundation Capital. http://www.moxiesoft.com http://www.businesswire.com/news/home/20140110005161/en/Moxie-Software-Names-Rebecca-Ward-President-CEO#.UtA4UtJdXng _____________________________________________ o Emeryville-Based KineMed Files to Raise Up to $50.9 Million in IPO Emeryville, Calif. -- KineMed, an Emeryville-based biotechnology firm, has registered with the Securities and Exchange Commission (SEC) to raise up to $50.9 million in its initial public offering (IPO). The company has yet to disclose specific details of the offering, such as the number of shares to be offered or their expected price range. Founded in 2001, KineMed is a developer of isotopic tracer technology designed to help pharmaceutical clients make predictions of efficacy and toxicity, accelerating and reducing the cost of drug development. The company plans to list its shares on the NASDAQ Global Market under the symbol "KNMD." http://www.kinemed.com/ http://www.sec.gov/Archives/edgar/data/1167058/000114420414001275/v364684_s1.htm _____________________________________________ o Tim O'Shaughnessy to Depart as CEO of LivingSocial Washington, DC -- Tim O'Shaughnessy, the co-founder and CEO of daily deals giant LivingSocial, plans to depart the company later this year, he informed employees Friday morning. "We will start a search for a new CEO today and hope to fill the position in the first half of 2014 with a new CEO who can lead the company on the next stage of its adventure," O'Shaughnessy wrote in a letter. He will remain CEO until a new leader is installed. O'Shaughnessy, who co-founded the company nearly seven years ago, said the time was right for a change. "I've given much thought to the many opportunities that stand in front of us and the benefits that could come from a new perspective and a new voice and approach at the top to lead us there," he wrote. "My responsibility is to recognize that now is the best time to transition leadership -- when that full set of ingredients is available to be used most effectively to shape the company's future." LivingSocial has inched closer to profitability in recent months, while focusing less on emailed daily deals and more on a larger pool of offers available on its website. The company has raised nearly $1 billion in venture capital. http://blog.livingsocial.com/tim-oshaughnessy-announces-that-he-is-stepping-down-as-ceo-of-livingsocial/ _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Don't Quit Your Day Job to Become an Entrepreneur: You Can (and Should) Do Both! Dissatisfied with your job? Create your own! Becoming a part-time entrepreneur is easier than you think. Many dream of being their own boss but aren’t willing to risk leaving the stability of their 9 to 5s. You can keep your 9 to 5 and achieve your small business dreams by becoming a part-time entrepreneur. http://www.fairfaxcountyeda.org/bay-area-tech-wire |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Campbell, Calif.) Campbell-based hopTo, a developer of mobile productivity tools, said it has raised $3.4 million in a private placement. Under the deal, the company sold 11.3 million shares for $0.30 each. The company said it will use the proceeds to accelerate the continued development, marketing and monetization of its core platform. http://hopto.com http://www.prnewswire.com/news-releases/hopto-announces-approximately-34-million-in-private-financing-239265851.html (Menlo Park, Calif.) Menlo Park-based 5AM Venture Management, a venture capital firm focused on the life sciences sector, said it has promoted Kush Parmar to partner and hired Peter Kim as a venture partner. Parmar joined 5AM from Harvard Medical School in 2010, while Kim previously served as the president of Merck Research Laboratories. http://5amventures.com/press/5am-ventures-announces-senior-leadership-appointments/ =================================================== Job/Event/Marketplace Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > Don't Quit Your Day Job to Become an Entrepreneur: You Can (and Should) Do Both! Dissatisfied with your job? Create your own! Becoming a part-time entrepreneur is easier than you think. Many dream of being their own boss but aren’t willing to risk leaving the stability of their 9 to 5s. You can keep your 9 to 5 and achieve your small business dreams by becoming a part-time entrepreneur. http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > 14 Ideas for Marketing Your Business Online Kick start your company's online strategy quickly and easily at a fraction of the cost of advertising! Download PRWeb's free guide, 14 Ideas for Marketing Your Business Online and learn how to get More Publicity, More Prospects, and More Sales! Register for a FREE PRWeb account to download the guide today! Click here ____________________________________________ > Complimentary Independent Research Report: Best Practices: Digital Asset Management, 2013, Courtesy of Siteworx LLC Now more than ever, marketers need advanced tools to manage and control rich media content such as video, audio and images. 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