May 1, 2013 |
WASHINGTON - President Obama on Wednesday will nominate venture capitalist Thomas Wheeler as the nation's top telecommunications regulator, tapping a major campaign fundraiser with long ties to the media and the telecom industries, White House and industry officials said. Wheeler, managing director of Core Capital Partners in Washington, D.C., would replace Julius Genachowski as chairman of the five-member Federal Communications Commission board. Democratic Commissioner Mignon Clyburn, who was mentioned as a candidate, will take over as acting chairman when Genachowski steps down in the coming weeks.
February 12, 2013 |
SAN FRANCISCO - Nirav Tolia is trying to build the next big social network - block by block. Nextdoor is like Facebook but for a neighborhood: a private network to find a baby sitter, borrow a cup of sugar, organize a block party or spread word of a break-in. It's not the first time a start-up has tried to network neighbors, but Nextdoor is one of the first to gain momentum. So far, more than 8,000 neighborhoods across the country have signed up for the service, including Laurel Canyon and Atwater Village.
February 1, 2013 |
Silicon Beach is mourning the death of entrepreneur and Ecomom co-founder Jody Sherman this week. Sherman, 47, died of a self-inflicted gunshot wound, officials said. Since his death Monday, several L.A. tech bloggers, friends and venture capitalists have taken to Twitter, Facebook and personal blogs to share memories of Sherman, who co-founded Ecomom in Santa Monica in 2009. The company, which sells eco-friendly and healthful products for children, mothers and the home, moved to Las Vegas about a year ago. The messages also emphasized the need for a more open dialogue about the pressures of creating a start-up and running a business, with entrepreneurs and others calling on the tech community to open up and offer support to colleagues who may be suffering from depression.
January 17, 2013 |
My experience over the years is that Nolan Bushnell, the guy who founded Atari and once hired Steve Jobs, doesn't talk to the press much. So when the opportunity to talk to him came up, I jumped at it. "I basically look at PR as something you do if there's an object in mind," Bushnell said during a phone interview this week. "But my ego doesn't need it. " Fair enough. But Bushnell does have an object in mind. In fact, two of them. The first is a documentary that's going to be airing on various PBS stations over the next few weeks called, "Something Ventured: Risk, Reward And The Original Venture Capitalists.
December 27, 2012 |
Can government play a positive role in economic development? To understand who built what in the construction of the American economy from its pre-industrial origins, a look at one of the drivers of U.S. innovation - venture capital - is instructive. For more than three decades American venture capitalists have concentrated their activities and earned their returns in a very small number of industrial domains. In booms and in slumps, in bull markets and in bear markets, the information and communications technology and biomedical sectors together have consistently accounted for 80% of venture capital investment.
November 27, 2012 |
A New York State judge gave a light sentence to a Los Angeles venture capitalist and philanthropist for his participation in a pay-to-play corruption scandal involving former New York State Comptroller Alan Hevesi. Elliott Broidy, 55, on Monday pleaded guilty to a misdemeanor charge of attempting to receive a reward for official misconduct, the New York attorney general's office said. The judge let him change his plea to a misdemeanor from a felony and spared him jail time. Broidy provided important evidence in a case against former New York Comptroller Alan Hevesi, who served as the sole trustee to a $125-billion public pension fund, Justice Lewis Bart Stone said.