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BUSINESS
March 16, 2000 | Chuck Philips
Sequoia Capital has invested an estimated $7 million in Tonos Inc., an Internet music company founded by songwriter Carol Bayer Sager and record producers David Foster and Kenneth "BabyFace" Edmonds. The Culver City-based music firm is expected to launch a Web site in April that the founders say will function as a "music industry insiders' network," providing visitors with online instruction, tips and gossip about the record business.
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BUSINESS
January 19, 2011 | Bloomberg News
EHarmony Inc. Chief Executive Gregory Waldorf has resigned from the dating website that he's run for almost five years. Waldorf, 42, will be replaced on an interim basis by Greg Steiner, EHarmony's president and chief operating officer, while the board conducts a search for a permanent CEO, the Santa Monica company said Tuesday. "As EHarmony begins its second decade, the time is right for me to step down," Waldorf said in a statement, without providing a reason for leaving.
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BUSINESS
August 28, 2003 | From Bloomberg News
Sequoia Capital, a Silicon Valley-based venture capital fund, won't allow the University of California to invest in its funds after a court ordered the school to reveal the performance of its private investments. Superior Court Judge James Richman in Alameda County on July 24 ordered UC to disclose the returns after a group that includes university employees sought the information in a lawsuit. The university will ask Richman at a hearing today to reconsider his ruling.
BUSINESS
July 22, 2010 | Bloomberg News
Green Dot Corp., the largest U.S. provider of reloadable prepaid debit cards, jumped 22 percent after convincing buyers to pay more than the forecast price range for its $164 million initial public offering. Shares of Green Dot climbed $7.99 to $43.99 Thursday after management and stakeholders sold 4.56 million shares at $36 each on Wednesday, according to Bloomberg data. The Monrovia, Calif.-based company initially offered 3.85 million shares for $32 to $35 before increasing the size of the offering, its filings showed.
BUSINESS
April 18, 1989 | JAMES BATES, Times Staff Writer
Vitesse Semiconductor Corp., one of the nation's emerging makers of high-performance computer chips made from the advanced semiconductor material, gallium arsenide, said it raised $7.3 million in additional money to finance its expanding operations. The money was the third round of financing for the Camarillo company, founded in 1984, and brings to $25.4 million the amount it has raised to date, said Thomas Dugan, Vitesse's director of marketing. Of the $7.3 million, $4.2 million came from new investors, including Aeneas Venture Corp.
BUSINESS
January 19, 2011 | Bloomberg News
EHarmony Inc. Chief Executive Gregory Waldorf has resigned from the dating website that he's run for almost five years. Waldorf, 42, will be replaced on an interim basis by Greg Steiner, EHarmony's president and chief operating officer, while the board conducts a search for a permanent CEO, the Santa Monica company said Tuesday. "As EHarmony begins its second decade, the time is right for me to step down," Waldorf said in a statement, without providing a reason for leaving.
BUSINESS
July 22, 2010 | Bloomberg News
Green Dot Corp., the largest U.S. provider of reloadable prepaid debit cards, jumped 22 percent after convincing buyers to pay more than the forecast price range for its $164 million initial public offering. Shares of Green Dot climbed $7.99 to $43.99 Thursday after management and stakeholders sold 4.56 million shares at $36 each on Wednesday, according to Bloomberg data. The Monrovia, Calif.-based company initially offered 3.85 million shares for $32 to $35 before increasing the size of the offering, its filings showed.
BUSINESS
July 4, 2010 | By David Gelles
For a company bent on "making the world more open and connected," a good bit of mystery shrouds the early days of Facebook Inc. Mark Zuckerberg, who founded the website as a Harvard student in 2004, reached a settlement with two former classmates who had accused him of stealing their idea; he has also been accused by Facebook co-founder Eduardo Saverin of unfairly pushing him out. Even now, new unflattering details about the Palo Alto company's...
BUSINESS
March 31, 2010 | By David Sarno
Apple Inc. stormed back into consumer electronics in 2001 with its iPod music player, then solidified its reputation as the coolest, most forward-thinking tech company with the iPhone in 2007. The landmark devices have generated an estimated $60 billion in sales, and the halo effect helped revive Apple's personal computer business. Now Apple is about to light the fuse on the latest technological smart bomb: its iPad tablet computer that goes on sale Saturday. The touch-screen iPad is being billed as a device that will change the way consumers interact with computers and the Internet, an all-in-one media reader that many think will breathe new life into newspapers, books and magazines.
BUSINESS
August 29, 2003 | From Bloomberg News
The University of California on Thursday failed to persuade a judge to reconsider a ruling that forces it to disclose returns on private-equity investments, one day after Sequoia Capital expelled the university from its funds over the issue. The university, with $53.2 billion in assets under management, said the disclosures would prevent its endowment and pension plans from investing in venture capital funds that object to disclosing their performance figures.
BUSINESS
July 4, 2010 | By David Gelles
For a company bent on "making the world more open and connected," a good bit of mystery shrouds the early days of Facebook Inc. Mark Zuckerberg, who founded the website as a Harvard student in 2004, reached a settlement with two former classmates who had accused him of stealing their idea; he has also been accused by Facebook co-founder Eduardo Saverin of unfairly pushing him out. Even now, new unflattering details about the Palo Alto company's...
BUSINESS
March 31, 2010 | By David Sarno
Apple Inc. stormed back into consumer electronics in 2001 with its iPod music player, then solidified its reputation as the coolest, most forward-thinking tech company with the iPhone in 2007. The landmark devices have generated an estimated $60 billion in sales, and the halo effect helped revive Apple's personal computer business. Now Apple is about to light the fuse on the latest technological smart bomb: its iPad tablet computer that goes on sale Saturday. The touch-screen iPad is being billed as a device that will change the way consumers interact with computers and the Internet, an all-in-one media reader that many think will breathe new life into newspapers, books and magazines.
BUSINESS
August 29, 2003 | From Bloomberg News
The University of California on Thursday failed to persuade a judge to reconsider a ruling that forces it to disclose returns on private-equity investments, one day after Sequoia Capital expelled the university from its funds over the issue. The university, with $53.2 billion in assets under management, said the disclosures would prevent its endowment and pension plans from investing in venture capital funds that object to disclosing their performance figures.
BUSINESS
August 28, 2003 | From Bloomberg News
Sequoia Capital, a Silicon Valley-based venture capital fund, won't allow the University of California to invest in its funds after a court ordered the school to reveal the performance of its private investments. Superior Court Judge James Richman in Alameda County on July 24 ordered UC to disclose the returns after a group that includes university employees sought the information in a lawsuit. The university will ask Richman at a hearing today to reconsider his ruling.
BUSINESS
March 16, 2000 | Chuck Philips
Sequoia Capital has invested an estimated $7 million in Tonos Inc., an Internet music company founded by songwriter Carol Bayer Sager and record producers David Foster and Kenneth "BabyFace" Edmonds. The Culver City-based music firm is expected to launch a Web site in April that the founders say will function as a "music industry insiders' network," providing visitors with online instruction, tips and gossip about the record business.
BUSINESS
April 18, 1989 | JAMES BATES, Times Staff Writer
Vitesse Semiconductor Corp., one of the nation's emerging makers of high-performance computer chips made from the advanced semiconductor material, gallium arsenide, said it raised $7.3 million in additional money to finance its expanding operations. The money was the third round of financing for the Camarillo company, founded in 1984, and brings to $25.4 million the amount it has raised to date, said Thomas Dugan, Vitesse's director of marketing. Of the $7.3 million, $4.2 million came from new investors, including Aeneas Venture Corp.
BUSINESS
October 18, 1994
Abbey Healthcare Group Inc. in Costa Mesa said Monday that a federal class action complaint had against the corporation, Chairman Timothy M. Aitken, former Abbey executive Victor M.G. Chaltiel, 10 other individuals and several investment companies, including Prudential Ventures Partners II, Sequoia Capital IV and the Sequoia Capital Growth Fund. The complaint, filed in U.S.
BUSINESS
May 11, 2007 | From Times Wire Services
Joost, an Internet-based TV service being launched, said it had raised $45 million from five investors including CBS Corp. and Viacom Inc. Index Ventures and Sequoia Capital were the lead contributors. Joost, which has offices in New York, transmits video with peer-to-peer technology, which co-founders Janus Friis and Niklas Zennstrom used to launch the Skype calling and Kazaa music-sharing services.
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