Thursday, April 3, 2014

Bay Area Tech Wire -- April 3

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BAY AREA TECH WIRE -- April 3, 2014
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To Subscribe: www.bayareatechwire.com
 

o Brendan Eich Steps Down as CEO of Mountain View-Based Mozilla
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Steve Case to Invest $1M in 10 Tech Startups Appearing at Google Event
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Palo Alto-Based Jaunt Raises $6.8 Million for Virtual Reality Tech
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Sunnyvale-Based Fonemine Lands $4.5 Million in Second Round
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Merkle Acquires New Control, Office in San Francisco
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Briefly Noted: AirXpanders - GE Capital, Urban Living Marketing

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--Corporate Food-Service - Catering to Cafe Management
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o Brendan Eich Steps Down as CEO of Mountain View-Based Mozilla

Mountain View, Calif. -- Mozilla, the Mountain View-based software community best known for its Firefox web browser, said on Thursday that Brendan Eich has stepped down as its CEO, just 10 days after being promoted to the role amid a firestorm of controversy. The initial move created an uproar, since Eich had been a supporter of California's Proposition 8, an antigay-marriage ballot measure. "We know why people are hurt and angry, and they are right: it’s because we haven’t stayed true to ourselves," wrote Mitchell Baker, the organization's executive chair. "We didn’t act like you'd expect Mozilla to act. We didn't move fast enough to engage with people once the controversy started. We're sorry. We must do better." Baker said plans for a new leader are still being discussed. "We want to be open about where we are in deciding the future of the organization and will have more information next week," wrote Baker.
https://blog.mozilla.org/press/2014/04/brendan-eich-steps-down-as-mozilla-ceo/ 
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o Steve Case to Invest $1M in 10 Tech Startups Appearing at Google Event

Mountain View, Calif. -- Steve Case, chairman and CEO of Revolution and co-founder of AOL, said he spontaneously decided to invest $100,000 each in 10 companies that took part in Wednesday's first-ever Google for Entrepreneurs Demo Day in Mountain View. The event featured 10 startups from Google's seven-city North American Tech Hub Network to pitch their companies to more than 60 potential investors. "I've long known that great startups can be found everywhere, and not just in Silicon Valley," said Case at the event. "I was so inspired by the consistent quality of each of the pitches that I made an on-the-spot decision to support each company." The 10 companies include: North Carolina-based Automated Insights and Windsor Circle, Minnesota-based Docalytics and Kidizen, Colorado-based GoSpotCheck, Tennessee-based InvisionHeart, Michigan-based iRule, Illinois-based MarkITx and WeDeliver and Canada-based MOJIO. More information and links to all companies are available at the link below.
http://www.businesswire.com/news/home/20140403005388/en/Steve-Case-Announces-1M-Investment-%E2%80%9CRise-Rest%E2%80%9D#.Uz2QU6hdXng 
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o Palo Alto-Based Jaunt Raises $6.8 Million for Virtual Reality Tech

Palo Alto, Calif. -- Jaunt, a Palo Alto-based startup building hardware, software, tools and applications to enable cinematic virtual reality, said on Thursday it has raised $6.8 million in a new round of funding. Participants included Redpoint Ventures, Peter Gotcher, Blake Krikorian, SV Angel and British Sky Broadcasting. Jaunt's technology uses advanced computational photography to enable immersive virtual reality to be applied to live-action content. The result, said the company, is an immersive, 360-degree 3D video and audio experience for viewers. "VR as it exists today is mainly about video games," said CEO Jens Christensen. "We want to broaden the VR experience to mainstream entertainment." As a part of the funding round, Tim Haley, partner at Redpoint Ventures; Peter Gotcher, chairman of Dolby and founder of DigiDesign; and Stuart Murphy, director of entertainment at Sky, will join the company's board of directors.
http://www.jauntvr.com
http://www.jauntvr.com/press-release 
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o Sunnyvale-Based Fonemine Lands $4.5 Million in Second Round

Sunnyvale, Calif. -- Fonemine, a Sunnyvale-based developer of enterprise mobility software, said it has raised $4.5 million in its second round of funding, led by Michigan eLab. The company will use the funds to continue its expansion into new markets and bolster product development. In addition, Fonemine has named Joseph Coglitore as its vice president of North America sales and Mark Bloom as its senior director of product marketing and management. Fonemine's cloud-based MobileForce technology is designed to make key business information available to mobile workers across any device. The company, which now has raised $11.3 million since its inception, recently added Cisco, Fujitsu, Brocade, Estes, VCE and Hillwood to its client roster.
http://www.fonemine.com 
http://www.marketwired.com/press-release/fonemine-increases-its-momentum-with-45-million-series-b-funding-new-customers-additions-1895456.htm 
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o Merkle Acquires New Control, Office in San Francisco

Columbia, Md. -- Merkle, a Maryland-based provider of customer relationship marketing services, said on Thursday it has acquired Chicago-based New Control, a full-service digital and direct agency with offices in San Francisco. Financial terms of the deal were not disclosed. Merkle said the acquisition will expand its digital agency group, while helping the company grow in the financial services and insurance markets. New Control's clients include Chase, Canadian Tire, Fifth Third Bank, WellPoint, PNC Bank and Visa. The firm's staff of more than 85 employees will join Merkle's digital agency group, which will now have more than 400 employees.
http://www.merkleinc.com 
http://www.newcontrol.com 
http://www.merkleinc.com/news-and-events/press-releases/2014/merkle-acquires-digital-direct-agency-new-control
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o Briefly Noted:


(Palo Alto, Calif.) Palo Alto-based AirXpanders, developer of an alternative technology for women who require tissue expansion for breast reconstruction following a mastectomy, said it has landed a $7 million term loan credit facility from GE Capital, Healthcare Financial Services. The first $3.5 million of the facility already has been funded. The company will use the proceeds to help complete its U.S. clinical trial, as well as bolster its manufacturing process.
http://www.airxpanders.com/ 
http://www.businesswire.com/news/home/20140403005033/en/GE-Capital-7-Million-Senior-Secured-Credit#.Uz2Ng6hdXng 

(San Francisco) San Francisco-based Urban Living Marketing, developer of a customizable marketing app for multifamily real estate professionals, on Thursday named Bob Bozeman to its advisory board. Bozeman is a general partner at Northern California Investment Fund.
http://urbanlivingmarketing.com/ 
http://www.businesswire.com/news/home/20140403006301/en/Prominent-Tech-Investor-Joins-Urban-Living-Marketing%E2%80%99s#.Uz248KhdXng 

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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


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> Corporate Food-Service - Catering to Cafe Management


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