Monday, January 26, 2015

Bay Area Tech Wire -- Jan. 26

BAY AREA TECH WIRE -- Jan. 26, 2015
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Palo Alto-Based Jafco Ventures Changes Name to Icon Ventures
500 Startups Leads New Funding Round for CreoPop
NFL Signs Major Video Partnership with Google's YouTube
EA Simulation Picks Patriots to Top Seahawks in Super Bowl
o Briefly Noted: Intersil, Rambus, Citrix Systems


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o Palo Alto-Based Jafco Ventures Changes Name to Icon Ventures

Palo Alto, Calif. -- Jafco Ventures, a Palo Alto-based technology venture capital firm, said on Monday it has changed its name to Icon Ventures. In addition, Michael Mullany has joined the firm as a venture partner. Mullany most recently served as the CEO of Sencha, and previously held senior product and marketing roles at PeakStream (acquired by Google), VMware, Loudcloud/Opsware (acquired by Hewlett Packard) and Netscape. Icon's portfolio includes Aster Data, FireEye, 41st Parameter, Infinera, MoPub, Palo Alto Networks and Proofpoint. The firm launched its first fund in 2003, taking the name of its strategic partner in Japan.

o 500 Startups Leads New Funding Round for CreoPop

Mountain View, Calif. -- 500 Startups, the Mountain View-based startup accelerator and seed fund, has led a new funding round for Singapore-based CreoPop, developer of a 3D pen with cool ink. Ruvento also participated in the round, along with several private investors. CreoPop's 3D pen uses light-sensitive ink called photopolymers, which is immediately solidified by LED diodes surrounding the nozzle of the pen. The company said that its ink doesn't rely on heating, a staple of other 3D pens, making it more safe for home use. "Of the 40 successful exits we've had so far, one was the 3D printing company Makerbot, which was acquired by Stratasys for $400 million," said Khailee Ng, managing partner of 500 Startups. "We strongly believe in the 3D printing sector."

o NFL Signs Major Video Partnership with Google's YouTube

San Bruno, Calif. -- The National Football League (NFL) on Monday announced a major new partnership with San Bruno-based YouTube, which included the launch of an official NFL channel on the video sharing site the direct availability of video for users of Google Search. The YouTube channel will allow viewers to access a seven-day-a-week NFL programming schedule. Content will include game previews, in-game highlights, post-game recaps and clips featuring news, analysis, fantasy football advice and other content from NFL Network and Additionally, official NFL game highlights and content will be available through Google Search. "Partnering with YouTube and Google provides the NFL unique access to millions of highly engaged fans," said Hans Schroeder, the NFL's senior vice president of media strategy, business development and sales. "We continue to see an insatiable appetite for digital video content." 

o EA Simulation Picks Patriots to Top Seahawks in Super Bowl

Redwood City, Calif. -- Electronic Arts (EA), the Redwood City-based developer and publisher of video games, said on Monday that its Madden NFL 15 simulation of Sunday's Super Bowl on the Xbox One predicted a 28-24 win by the New England Patriots over the Seattle Seahawks. In the waning seconds, Tom Brady hooked up with Julian Edelman, who slipped out of a tackle and scored the go-ahead touchdown. Brady was named MVP of the game after passing for 335 yards and four touchdowns. 

o Briefly Noted:

(Milpitas, Calif.) Milpitas-based Intersil, a developer of power management and precision analog technologies, on Monday named Andy Micallef as its senior vice president of worldwide operations. The company also announced the consolidation of two business units and promoted Philip Chesley to senior vice president and general manager of the combined unit. In addition, the company has named Carlos Garcia vice president of analog products. 

(Sunnyvale, Calif.) Sunnyvale-based Rambus, a developer of computer memory technology, said on Monday it plans to repurchase up to 20 million additional shares in a new repurchase program. The new program replaces the company's existing program, and cancels the 5.2 million shares outstanding as part of its previous authorization. 

(Santa Clara, Calif.) Santa Clara-based Citrix Systems, the provider of mobile workspaces that provide users with access to apps, desktops, data and communications on any device, on Monday named Robson Grieve as its senior vice president of marketing. Grieve most recently served as the executive vice president of global marketing and customer experience at Concur.

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> Do Your Employees Think Like Owners? 10 Tips for Building an Entrepreneurial Culture

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