Friday, March 21, 2014

Bay Area Tech Wire -- March 21

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BAY AREA TECH WIRE -- March 21, 2014
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire

 

o San Jose-Based A10 Networks Raises $187.5 Million in IPO
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San Francisco-Based Vicarious Raises $40M from High-Profile Investors
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Obama Meets with Top Tech Execs to Discuss NSA, Privacy Concerns
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San Francisco-Based Leap Motion Cuts 10% of Staff
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Survey: Nearly Half of U.S. Adults Now Shop Through Mobile Devices
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Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Can't Ignore
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Briefly Noted: Lending Club, Microsoft - Seagate Technology

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


--Startup Marketing Conference SF, March 27: Last Chance to Register
--Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible
--14 Ideas for Marketing Your Business Online

--Enterprise Connect – March 17-20, 2014
--Corporate Food-Service - Catering to Cafe Management
--Investment Adviser Executive
--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
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o San Jose-Based A10 Networks Raises $187.5 Million in IPO

San Jose, Calif. -- Shares of San Jose-based A10 Networks rose 8% in their first day of trading Friday, hours after the developer of technology designed to help clients accelerate, optimize and secure their applications raised $187.5 million in its initial public offering (IPO). A10 priced 12.5 million shares at $15 each, the top of its expected range, with 9 million shares sold directly by the company and 3.5 million from shareholders. The company's stock, now trading on the New York Stock Exchange under the symbol "ATEN," closed Friday at $16.21.
http://www.a10networks.com 
http://www.a10networks.com/news/pr.php?id=1821268 
http://www.sec.gov/Archives/edgar/data/1580808/000119312514109104/d631034d424b4.htm 
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o San Francisco-Based Vicarious Raises $40M from High-Profile Investors

San Francisco -- Vicarious, a San Francisco-based artificial intelligence company building software designed to think and learn like humans, has raised $40 million in a new round of funding from several high-profile investors, The Wall Street Journal reported. Formation 8 led the round, which included participants such as Facebook co-founder Mark Zuckerberg, SpaceX and Telsa Motors CEO Elon Musk and actor Ashton Kutcher. Vicarious was founded in 2010 by Scott Phoenix, a former entrepreneur in residence at Founders Fund and CEO of Frogmetrics, and Dileep George, the former CTO of Numenta. The company said its initial technology is a visual perception system that interprets the contents of photographs and videos in a manner similar to humans.
http://www.vicarious.com 
http://blogs.wsj.com/digits/2014/03/21/zuckerberg-musk-invest-in-artificial-intelligence-company-vicarious/ 
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o Obama Meets with Top Tech Execs to Discuss NSA, Privacy Concerns

Washington, DC -- President Obama on Friday was scheduled to meet with leaders of some of the nation's largest tech companies -- including Facebook CEO Mark Zuckerberg -- to discuss their privacy concerns regarding the National Security Agency (NSA), Politico reported. Executives from Google and Yahoo, among many others, also received invitations, a White House official told the publications. The meeting comes eight days after Zuckerberg criticized the federal government in a Facebook post. "To keep the internet strong, we need to keep it secure," wrote Zuckerberg. "This is why I've been so confused and frustrated by the repeated reports of the behavior of the US government. When our engineers work tirelessly to improve security, we imagine we're protecting you against criminals, not our own government. The US government should be the champion for the internet, not a threat. They need to be much more transparent about what they're doing, or otherwise people will believe the worst. I've called President Obama to express my frustration over the damage the government is creating for all of our future."
http://www.politico.com/story/2014/03/barach-obama-tech-ceos-nsa-104881.html?hp=l1 
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o San Francisco-Based Leap Motion Cuts 10% of Staff

San Francisco -- Leap Motion, a San Francisco-based developer of motion-control hardware and software, has cut 10% of its marketing and support staff -- approximately 12 employees -- TechCrunch reported. The company said that its product, design and engineering teams won't be affected by the moves, which come following weaker-than-expected holiday sales of its controllers that let users interact with their computers through gestures. Leap Motion is currently working on a second version of its software that addresses some early consumer complaints, and plans to eventually move into new areas outside of personal computers.
https://www.leapmotion.com/ 
http://techcrunch.com/2014/03/20/leap-motion-lays-off-10-of-its-workforce-after-missing-on-first-year-sales-estimates/?ncid=rss 
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o Survey: Nearly Half of U.S. Adults Now Shop Through Mobile Devices

San Francisco -- Nearly half of American adults now say they shop from a mobile device, according to a new survey by San Francisco-based Ebates.com. Approximately 1 in 10 say they shop from a mobile device daily, while one third shop weekly (30%). About 35% say they shop from their devices while at work. Clothing is the most popular mobile shopping item for both men and women. Nearly 6 out of 10 shop on their mobile devices because they find it more convenient, while 52% say it saves time and 49% say it avoids waiting in line. Complete survey results are available at the link below.
http://www.businesswire.com/news/home/20140320005384/en/Ebates.com-2014-Mobile-Shopping-Survey-Americans-Shop#.UytD36hdXng 
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o Briefly Noted:


(San Francisco) San Francisco-based Lending Club, creator of an online platform for investing in and obtaining personal loans, said it has launched a new platform for small business loans. The company initially will offer loans of $15,000-$100,000, carrying fixed interest rates starting at 5.9% with terms of 1-5 years.
https://www.lendingclub.com/business 
https://www.lendingclub.com/public/lending-club-press-2014-03-20.action 

(Cupertino, Calif.) Microsoft announced that Stephen Luczo, the chairman and CEO of Cupertino-based Seagate Technology, has resigned from its board of directors to devote more time to leading his own company. Luczo joined Microsoft's board in 2012, and served as a member of the company's CEO search committee last summer to find a successor to Steve Ballmer. Microsoft's board now consists of 10 members.
http://www.seagate.com/ 
http://finance.yahoo.com/news/microsoft-announces-stephen-j-luczo-200500850.html

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Job/Event/Marketplace Listings:
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> Startup Marketing Conference SF, March 27: Last Chance to Register

Are you looking for low-cost and high impact strategies to drive revenue for your organization? Hope you can join us March 27th of the Startup Marketing Conference in San Francisco. Admission includes: 8 expert sessions, hands-on workshop, marketing tools showcase and networking with amazing entrepreneurs and tech leaders.We are fortunate to bring together an incredible lineup of real-world digital marketing practitioners and growth hackers from Linkedin, WhatsApp, DocuSign, Atlassian, Hootsuite, Unberconference, Prezi and more. Get your pass today and save 15% with code techwire. Register now.
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>
Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible

Many job seekers express confidence in finding a new job this year, according to a recent survey, but many are also frustrated as they struggle to find a job matching their qualifications and salary preferences. In a job market where opportunities are still few and far between, give yourself a leg up that will allow you to create your own hiring opportunity.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> 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
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>
Enterprise Connect – March 17-20, 2014

There's no single migration path to the next generation of enterprise communications and collaboration systems and services, and Enterprise Connect delivers unbiased information and in-depth research on the key issues you need to evaluate all the options. The conference program covers the full range of platforms, services and applications that comprise modern communications and collaboration systems. The Expo Hall is the ONLY place you'll find over 150 of the leading equipment, software and service providers in one location. Register today at http://www.enterpriseconnect.com/orlando  with Discount Code: NLBATW to save $200 or for a Free Expo Pass.
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> Corporate Food-Service - Catering to Cafe Management


Cosmopolitan Catering has established itself as Silicon Valley's premier full-service catering and café management company. Working exclusively within the corporate arena, Cosmopolitan Catering has experienced exponential growth by identifying and solving the recurring problems that Silicon Valley companies face when using outdated corporate food-service models. We have in turn addressed each of our client's needs independently to thereby provide customized solutions. The corporate food-service landscape is being redefined by Cosmopolitan Catering by way of bringing back the essence of the word "cater". While our vision and the core of our business model remains consistent, we take a personalized approach when implementing every food-service program we craft, knowing that no two companies will have the same needs. For more information, contact Rick Angelini at rangelini@cosmocaters.com, 408.732.1400, or visit us at www.cosmocaters.com
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> Investment Advisor Executive

Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
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> Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: http://www.bayareatechwire.com


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