| ============================================ BAY AREA TECH WIRE -- June 6, 2014 ============================================ Sponsored By: Fairfax County Economic Development Authority http://www.fairfaxcountyeda.org/bay-area-tech-wire o San Francisco-based Uber Raises $1.2 Billion at $17 Billion Valuation o Shares of Santa Clara-Based Arista Networks Spike Following $226M IPO o Google Names Winners of Bay Area Impact Challenge o Worldwide Chip Sales Increase More Than 11% in April o TechAmerica Names Winners of Congressional Tech Award > Seven Facts to Breathe Life into Your Business o Briefly Noted: Capture10, Francisco Partners _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Seven Facts to Breathe Life into Your Business --Don't Miss Summer Rates On All Bay Area Tech Wire Advertising --Associate Director – ORIX Ventures --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 _____________________________________________ o San Francisco-based Uber Raises $1.2 Billion at $17 Billion Valuation San Francisco -- Following weeks of competitive bidding between investors vying for a piece of the red-hot startup, San Francisco-based on-demand car service Uber said on Thursday it has raised $1.2 billion in funding at a pre-money valuation of $17 billion. Fidelity Investments led the round, which according to Bloomberg also included participation from Wellington Management, Summit Partners, BlackRock, Kleiner Perkins Caufield & Byers and previous backers Google Ventures and Menlo Ventures. The funding, which comes nearly four years after the company originally launched operations, is expected to total $1.4 billion, once Uber completes its second close in the coming days. The company, which lets clients request and pay for car service through their mobile devices, now operates in 128 cities located in 37 countries. "With our growth and expansion, the company has evolved from being a scrappy Silicon Valley tech startup to being a way of life for millions of people in cities around the world," wrote CEO Travis Kalanick in a blog post. "This `Uber' way of life is really a reflection of our mission to turn ground transportation into a seamless service and to enable a transportation alternative in cities that makes car ownership a thing of the past." https://www.uber.com/ http://blog.uber.com/4years http://www.bloomberg.com/news/2014-06-06/uber-sets-valuation-record-of-17-billion-in-new-funding.html _____________________________________________ o Shares of Santa Clara-Based Arista Networks Spike Following $226M IPO Santa Clara, Calif. -- Shares of Santa Clara-based Arista Networks rose 32% by midday Friday, hours after the maker of network switches for large data centers priced its initial public offering (IPO) higher than expected. The company is selling 5.25 million shares for $43 each -- well above initial estimates of $36-40 -- raising about $226 million at a valuation, prior to trading, at $2.75 billion. Its stock began trading Friday morning under the symbol "ANET" on the New York Stock Exchange. Arista was founded in 2004 by Andy Bechtolsheim, co-founder of Sun Microsystems and David Cheriton, a computer science professor at Stanford University. http://www.arista.com/en/ http://www.arista.com/en/company/news/press-release/940-pr-20140606-01 http://www.sec.gov/Archives/edgar/data/1596532/0 _____________________________________________ o Google Names Winners of Bay Area Impact Challenge Mountain View, Calif. -- Google has named the winners of its Bay Area Impact Challenge, which awards $500,000 and other services to four area nonprofits with tech-related ideas to improve the community. Top winners include: Hack the Hood, which will train low-income youth to build websites for local small businesses; Center for Employment Opportunities, which will develop a tech platform to prepare formerly incarcerated people for employment; The Health Trust, which will create new distribution channels for people to get affordable produce; and Bring Me A Book, which will give kids access to digital books while creating an online community for parents and caregivers. Six other finalists will each receive $250,000, and another 15 around the Bay Area will get $100,000. Nearly 200,000 online votes were cast for the project between May 22-June 2. http://googleblog.blogspot.com/2014/06/meet-bay-area-impact-challenge-winners.html _____________________________________________ o Worldwide Chip Sales Increase More Than 11% in April Washington, DC -- Worldwide sales of semiconductors increased more than 11% in April, marking the 12th straight month of year-over-year growth, according to new figures from the Semiconductor Industry Association (SIA). Sales of $26.3 billion also grew nearly 1% from March. In addition, a new industry forecast from the World Semiconductor Trade Statistics organization projects continued growth for the remainder of this year and next year. "The global semiconductor market maintained its strong momentum in April, with year-over-year sales increasing across every region and product category," said Brian Toohey, the SIA's president and CEO. "The market remains well ahead of the pace set in 2013, which was a record year for semiconductor revenues." http://www.semiconductors.org/news/2014/06/04/g _____________________________________________ o TechAmerica Names Winners of Congressional Tech Award Washington, DC -- The TechAmerica Foundation has named 25 members of the House and Senate as winners of its Congressional Tech Award, in honor of their leadership on technology policy. The awards will be presented at the organization's Technology & Government Dinner next Thursday in Washington, DC. A complete list of winners is available at the link below. http://www.techamericafoundation.org/techamerica-foundation-selects-25-congressional-members-for-the-congressional-tech-award _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Seven Facts to Breathe Life into Your Business You've heard of the "facts of life." There also are facts of business life that entrepreneurs and would-be entrepreneurs need to know. Learn these seven tips to know which common mistakes to avoid and how to steer your company in the direction you want it to go. http://www.fairfaxcountyeda.org/bay-area-tech-wire |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (San Francisco) Capture10, a Washington, DC-based high tech and aerospace consulting firm founded by former SpaceX executive Lawrence Williams, said it has opened three news offices, including one in San Francisco. Others new offices are in New York and Seattle. The company also said it has expand its functional capabilities through a series of partnerships. http://capture10.com/capture10-expands-to-help-new-technologies-overcome-barriers/ (San Francisco) San Francisco-based Francisco Partners, a technology-focused private equity firm, said on Friday it has sold Masternaut Group, a European provider of telematics systems to commercial fleets, to a newly formed joint venture between Summit Partners and FleetCor Technologies. Financial terms of the deal were not disclosed. http://www.franciscopartners.com/news/francisco-partners-sells-masternaut-to-newly-formed-joint-venture-between-summit-partners-and-fleetcor-technologies =================================================== 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 > Seven Facts to Breathe Life into Your Business You've heard of the "facts of life." There also are facts of business life that entrepreneurs and would-be entrepreneurs need to know. Learn these seven tips to know which common mistakes to avoid and how to steer your company in the direction you want it to go. http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > Don't Miss Summer Rates On All Bay Area Tech Wire Advertising Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and enjoy summer rates now thru Aug. 31, 2014. Grow your business. Reach more than 6,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/EventForm.html ____________________________________________ > Associate Director – ORIX Ventures ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/ ____________________________________________ > 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 ____________________________________________ 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 =================================================== Subscribe to other newsletters from Tech Wire Media Group: Potomac Tech Wire: http://www.potomactechwire.com Bay Area Tech Wire: http://www.bayareatechwire.com New England Tech Wire: http://www.newenglandtechwire.com Digital Media Wire: http://www.digitalmediawire.com Advertising: If you are interested in advertising in our newsletters, call Parul Nath at 1-301-656-0057 xt 1102 or send email to parul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: 325 Pennsylvania Ave. SE Suite 250 Washington, DC 20003 Copyright: CapWire Inc. 2014 |  |
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