Friday, October 17, 2014

Bay Area Tech Wire -- Oct. 17

BAY AREA TECH WIRE -- Oct. 17, 2014
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San Francisco-Based Tagged Changes Course, Becomes if(we)
o Silicon Valley Venture Capital Investments Decline in Third Quarter
Brisbane-Based Dance Biopharm Cancels Plans for $75 Million IPO
New Enterprise Associates Tops U.S. VC Firms in Q3 Deal Activity
Study: 20% of U.S. Households to Buy Smart Home Device in Next Year
Briefly Noted: Stanford University


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5 Ways to Win Online with the Broadcast Quality Generation Webinar
--Senior Manager, External Reporting - Mode Media,
Brisbane CA
--CyberMaryland 2014 Conference – Oct. 29-30
Senior Analyst - Consumer Services US
--Human Services Agency IT Director - City and County of San Francisco
--EnMasse Design - Bay Area Product Design Studio

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o San Francisco-Based Tagged Changes Course, Becomes if(we)

San Francisco -- Tagged, the San Francisco-based developer of a social discovery site with more than 10 million monthly active users, said it has relaunched the company under the name if(we). "Whereas our previous direction was to grow to a billion-dollar IPO, our new direction is to take multiple shots at creating the next billion-user social product," wrote co-founder and CEO Greg Tseng. "We have set up if(we) as a company incubating multiple social products. We will continue to grow our existing products, Tagged and hi5, as well as build new social products on mobile and other key platforms for the next decade." The company also has acquired stealth messaging startup Tinode, and installed two of its leaders, Dash Gopinath and Gene Sokolov, as chief product officer and senior vice president of engineering, respectively. Tseng co-founded Tagged in 2004 with Johann Schleier-Smith out of incubator Jumpstart Technologies, which developed 10 different consumer web properties. Though the company has been profitable for the past eight years, Tseng said it pulled in only $57 million in revenue last year, putting it well short of the range needed for an IPO. "Frankly, we weren't on track, primarily because users and usage were shifting to mobile, which has lower monetization than desktop," Tseng wrote. 

o Silicon Valley Venture Capital Investments Decline in Third Quarter

New York -- Venture capitalists sank $4.39 billion into Silicon Valley companies during the third quarter, down substantially from a quarter ago, but up nearly 20% from the same period in 2013, according to the latest MoneyTree Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA). The number of deals also fell to 333 from 370 last quarter. Nationally, venture capitalists invested $9.9 billion in 1,023 deals during the quarter -- down 27% and 9%, respectively, from the prior quarter. Still, analysts say the picture is far from gloomy. "Despite the drop in VC dollars in Q3, we continue to see a healthy level of investing," said Mark McCaffrey, global software leader and technology partner at PwC. "In fact, venture capitalists have already invested more in the first three quarters of the year than they did in all of 2013, and investments are on pace to surpass $40 billion in 2014." 

o Brisbane-Based Dance Biopharm Cancels Plans for $75 Million IPO

Brisbane, Calif. -- Dance Biopharm, a developer of treatments for diabetes, said it has withdrawn its plans for its $75 million initial public offering, after originally filing for an IPO in April. In a letter to the Securities and Exchange Commission (SEC), the company didn't offer a specific reason for the change of plans, though several companies recently have delayed or cancelled their IPO plans in the midst of a market selloff. "The company is requesting withdrawal of the registration statement because it does not plan to file an updating amendment and pursue a public offering at this time," wrote CEO John Patton. "The company believes that such withdrawal is consistent with the public interest and the protection of investors as contemplated by paragraph (a) of Rule 477." 

o New Enterprise Associates Tops U.S. VC Firms in Q3 Deal Activity

New York -- New Enterprise Associates (NEA) led all venture capital firms in U.S. deals during the third quarter, according to new research from CB Insights. NEA topped Kleiner Perkins Caufield & Byers, Andreessen Horowitz and Atlas Venture on the list. All told, California accounted for 46% of all U.S. venture capital deals, topping New York (14%), Massachusetts (7%) and Texas (4%). Total funding dropped 30% and deal levels 10%, compared to the previous quarter. And just 18 VC-backed U.S. companies went public in Q3, compared with 35 in Q1 and 24 in Q2. The complete report is available at the link below.   

o Study: 20% of U.S. Households to Buy Smart Home Device in Next Year

Arlington, Va. -- Twenty percent of U.S. households with broadband plan to buy at least one home smart home device within the next year, according to a new study by the Consumer Electronics Association (CEA) and Parks Associates. Smart devices, in the form of products such as thermostats, door locks, smoke detectors and light switches -- have processing intelligence and are connected to the Internet through a home network. Nearly half of those who currently own a smart home device are under the age of 35. "It makes sense that early adopters of smart home devices tend to be younger, have a high-tech affinity and are four-times as likely to buy new technology as soon as it is available," said Steve Koenig, the CEA's director of industry analysis. "More than half of smart home device owners say they want to use technology as a way to create more time with their family." 

o Briefly Noted:

(Palo Alto, Calif.) Stanford University said it plans to offer a series of online workshops designed for teams. The interactive online program, called Stanford Innovation at Work, draws upon engineering and design methods developed at Stanford. The program's initial webinar is set for Nov. 3.

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> 5 Ways to Win Online with the Broadcast Quality Generation – Free Webinar Oct. 16, 2014

Join Jason Thibeault Senior Director, Marketing Strategy at Limelight Networks for this free webinar to learn how the Broadcast Quality Generation is reshaping the way you need to deliver videos and websites. We’ll explore some techniques you can employ to have instantaneous, instantly available digital experiences and discuss: Five strategies you can use right now to improve digital content : publishing efficiency. How you can simplify your media publishing workflow to better meet their needs? Critical components for providing digital experiences at broadcast quality. Oct. 16, 2014. 10:30am PT/1:30 pm EST. Register Now!

> Senior Manager, External Reporting - Mode Media, Brisbane CA

Mode Media is a leading vertical social media company with the largest online global reach in lifestyle and among the top 10 of the Wall Street Journal’s annual ranking of the top 50 U.S. venture-backed companies. The Sr. Manager, External Reporting has primary responsibility for all external reporting and compliance. This includes SEC reporting as well as all other regulatory agencies. This position will also act as coordination of any requirements globally. This person will work with the Corporate Accounting Group to provide assistance with the Company’s audit requirements and management of the public accounting firm (E&Y) during the quarterly and annual review/audit process. The manager helps build and maintain a “World Class” accounting and operations service and support organization. Requirements: Bachelor’s degree in Accounting or Finance; CPA required. 10 years’ experience, with at least 5 years of experience at public accounting firm, Big 4 preferred and 2 yrs experience as SEC reporting manager. Strong project management, leadership, relationship development and people management skills. Results orientation with an ability to manage the overall project, collaborate with different individuals across the organization and at target companies. To Apply:

> CyberMaryland 2014 Conference – Oct. 29-30 - Baltimore Convention Center

Collaborate, Educate and Innovate at the fourth annual CyberMaryland 2014 Conference October 29-30th at the Baltimore Convention Center, One W. Pratt Street, Baltimore, MD 21201. A two-day event of entrepreneurs, investors, academics, students, enterprises and government officials from across the nation and globe will convene in Maryland—the nation’s epicenter for cybersecurity. Network with nationally known speakers and entrepreneurs, join flash talks and pitch forums, attend sessions on commercialization and product ventures and Job Fair. Registration also includes National Cyber Security Hall of Fame Awards Dinner and MaryLand of Opportunity Night. Please visit Send inquiries to or (800) 878-2940

> Senior Analyst - Consumer Services US

Current Analysis is seeking to recruit a Senior Analyst to join the Consumer Services US team contributing to Current Analysis' existing capabilities and coverage in the US mobile, fixed and converged providers of consumer’s services. The ideal candidate will have exceptional knowledge of the key US wireless players, service portfolios and strategies, with strong knowledge in the following areas: Mobile data, WiFi calling, carrier-OTT partnerships, the MVNO competitive landscape and emerging innovation in the areas of carrier-branded VAS. Qualified candidates should have relevant market knowledge as well as a proven ability to analyze companies their services portfolios and corporate marketing positions. 5+ years professional experience as an analyst, technical writer, journalist, marketing or product management in IT, telecoms or related fields. Experience in tracking and analyzing Consumer Services in the US. Proven written, verbal and interpersonal skills in English required. Proven public event and/or sales presentation experience. Effective prioritization and time management skills. Able to work independently from home office and travel moderately within the US. Bachelor’s Degree required. Current Analysis offers competitive compensation packages and benefits including medical, dental, vision and 401(k). We are an Equal Employment Opportunity organization. To learn more about Current Analysis, please visit us at Send resumes to

> Human Services Agency IT Director - City and County of San Francisco

Seeking dynamic leader to manage $22.5 million division budget and staff of 75. An exciting civil service career opportunity to match system management expertise to improve client’s quality of life and customer experience through technology. Bachelor’s degree plus 7 years of increasingly responsible experience with at least 3 years of management experience is required. Salary range up to $174,382 plus outstanding benefits and retirement. Detailed brochure available at Confidential inquires welcomed to Robert Burg at (916) 630-4900. Apply online at

> EnMasse Design - Bay Area Product Design Studio

Founded in 2002, EnMasse Design is a design studio specializing in industrial design, mechanical engineering, product development and user interface design. We have experience in designing a range of products from small hand held devices to large systems. We're located in Mountain View. Industrial design / innovation / mechanical engineering / user interface design / human factors and ergonomics / injection molding / snap fits / sheetmetal / castings / machined components / formed plastics / class A surfaces / Solidworks / mechanisms / GD&T / system engineering / Dfx / analyses / electrical engineering/Medical / biotech / consumer / telecom / industrial. Send inquires to Jeff Gamelsky, Principal;; Phone:(650)303-1782

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