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BAY AREA TECH WIRE -- Feb. 17, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
o San Francisco-Based Sun Basket Raises $15 Million in Third Round
o Foster City-Based Guidewire Software Completes Deal for San Jose's ISCS
o Report: Trump Administration Uncertainty Sours Confidence of Some VCs
o Mobile E-Commerce Spending Hits Highest Mark Ever in Q4
> The Shifting Sands of Employee Motivation
o Briefly Noted: Yelp, AcelRx Pharmaceuticals
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com
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o San Francisco-Based Sun Basket Raises $15 Million in Third Round
San Francisco -- Sun Basket, the San Francisco-based developer of a web-based service delivering healthy meal kits to subscribers, said on Friday it has landed $15 million in its third round of funding, led by Sapphire Ventures. Baseline Ventures, PivotNorth Capital, Accolade Partners, Founders Circle Capital, Shea Ventures, Relevance Capital, Vulcan Capital, Filter 14 and angels also contributed. Founded in 2014 Sun Basket delivers organic, pre-measured ingredients and easy-to-cook recipes weekly to subscribers. The company, which last year grew revenue 1,300% and expanded its employee base from 100 to 700, said it will utilize the proceeds to open its third distribution center in the Midwest, making Sun Basket accessible to 98% of the continental U.S. With this new round, the company will have raised a total of $43 million in funding. Kevin Diestel, principal of Sapphire Ventures, will join the company's board of directors.
http://www.sunbasket.com
http://www.prnewswire.com/news-releases/sun-basket-raises-15-million-in-series-c-funding-led-by-sapphire-ventures-300409476.html
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o Foster City-Based Guidewire Software Completes Deal for San Jose's ISCS
Foster City, Calif. -- Guidewire Software, a Foster City-based provider of software to property and casualty (P&C) insurers, said it has completed its planned acquisition of San Jose-based ISCS, maker of a cloud-based insurance processing platform. Financial terms of the deal, first announced in December, were not disclosed. With the acquisition, the company also announced the immediate availability of Guidewire InsuranceNow, a cloud-based, all-in-one system supporting the property and casualty insurance lifecycle. Andy Scurto, the founder and former CEO of ISCS, now serves as the head of products for Guidewire InsuranceNow.
http://www.guidewire.com
http://www.iscs.com/
http://www.businesswire.com/news/home/20170216006357/en/Guidewire-Completes-Acquisition-ISCS-Announces-Availability-Cloud-Based
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o Report: Trump Administration Uncertainty Sours Confidence of Some VCs
San Francisco -- Uncertainty surrounding the incoming Trump administration has eroded some of the confidence of area VCs, according to the latest Silicon Valley Venture Capitalist Confidence Index. The index, produced by University of San Francisco professor Mark Cannice, registered a 3.81 out of 5 in the fourth quarter, down from 3.88 the previous quarter. "Continuing concerns over political uncertainty restrained sentiment despite an outlook for rapid innovation and a more welcoming exit environment in 2017," wrote Cannice. Several venture capitalists interviewed for the report echoed those sentiments. "A combination of political and international instability in the U.S. and abroad will likely cause market volatility, with great uncertainty before the new administration's actual policies get unveiled," wrote Dag Syrrist of Vision Capital. Another unnamed respondent wrote, "new administration creates a significantly higher risk of a major disaster (political, military, economic) that will appear as a one-off event, but for which the foundation is currently being laid." The complete report is at the link below.
https://www.usfca.edu/management/svvcci
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o Mobile E-Commerce Spending Hits Highest Mark Ever in Q4
Reston, Va. -- E-commerce spending from mobile devices accounted for 21% total online sales during the fourth quarter, according to a new report from comScore. The figure marks mobile's highest recorded share of online sales for a single quarter since the company began measuring m-commerce in 2010. comScore said that smartphones and tablets have become increasingly important to online buying with every succeeding year. In 2010, for example, less than 4% of online sales occurred through mobile devices. Overall, fourth quarter e-commerce spending in the U.S. totaled $109.3 billion, up 18% from the same period in 2015. The complete report is at the link below.
http://www.comscore.com/Insights/Press-Releases/2017/2/comScore-Reports-109-Billion-in-Q4-2016-Total-Digital-US-Retail-E-Commerce-Spending-Up-18-Percent-vs-Year-Ago
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> The Shifting Sands of Employee Motivation
The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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o Briefly Noted:
(San Francisco) San Francisco-based Yelp, the operator of a local business reviews site, has named Jason Fennell as its senior vice president of engineering. He succeeds Michael Stoppelman, who is leaving the company in the coming months. Fennell joined Yelp in 2008 as an engineer responsible for search and data mining, and progressed through increasingly senior roles. He most recently served as the company's vice president of engineering for data mining.
https://www.yelp.com
http://www.businesswire.com/news/home/20170216006025/en/Yelp-Announces-Jason-Fennell-Head-Engineering
(Redwood City, Calif.) Redwood City-based AcelRx Pharmaceuticals, a specialty pharmaceutical firm developing therapies for the treatment of acute pain, has named Vincent Angotti as its new CEO. Angotti, most recently the CEO of XenoPort, succeeds Howie Rosen, who will continue on the company's board of directors, where he has served since 2008.
http://ir.acelrx.com/phoenix.zhtml?c=241441&p=irol-newsArticle&cat=news&id=2246953
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Job/Event/Services Listings:
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To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
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> The Shifting Sands of Employee Motivation
The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> Director of the Department of Technology/Chief Information Officer
The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
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