Benchmark's Bill Gurley: Late-Stage Market Is “Most Frothy” Since The Late 1990s
Bill Gurley, a general partner at one of Silicon Valley’s top tier venture firms Benchmark Capital, said that the late-stage market is the “most frothy” he’s ever seen since the late 1990s. Even though Facebook, Groupon and Zynga shares are still all underperforming relative to where they debuted at in their IPOs, growth-stage investors are still pouring capital into later-stage companies. “The late-stage private market continues to be the most frothy thing I’ve seen since the late 1990s,” he said on-stage in an interview with TechCrunch founder Michael Arrington. “I thought it was going to go away when you had these IPOs trading at fractions of the opening price, but if you have a company that people have selected as the ‘chosen one,’ you’ve got people knocking on your door.” Gurley said this has more to do with the supply of capital than the supply of companies. Basically, a lot of new participants like hedge funds have moved into late-stage funding, while other ...
Space Junk 'Cleaning' Missions Urgently Needed
Following a conference on space debris, the European Space Agency has warned that the amount of space junk floating around in orbit is a problem that needs to be dealt with 'urgently.' They are calling for a number of test missions to examine different methods of controlling or removing the debris. "Our understanding of the growing space debris problem can be compared with our understanding of the need to address Earth’s changing climate some 20 years ago," said Heiner Klinkrad, head of the agency's Space Debris office. A couple years ago we discussed an idea for de-orbiting space junk by hitting it with a laser to change its momentum. An Australian company has now received funding from NASA and the Australian government to try just that. "We've been developing tracking systems using lasers for some years, so we can actually track very small objects with a laser rangefinder to very high accuracy. ... If you allow that velocity to change over a period of perhaps 24 hours, then you can get ...
Bulgaria government resigns after national protests
SOFIA - Bulgaria's government resigned from office on Wednesday after nationwide protests against high electricity prices, joining a long list of European administrations felled by austerity.
Found more than 1 month ago on channel Reuters
Dropbox Follows The Tech Crowd, Opens Dublin Office — Says First European Office Will Be Hub For International Ops
Dropbox has become the latest tech company to open an office in Dublin -- land of Guinness and low corporate tax rates. Dropbox said the new office, its first in Europe, will serve as the center of the its international operations -- enabling it "to better provide technical support and product acumen" to Dropbox's millions of European users, plus other international customers.
Federal Officials Take Down 132 Websites In "Cyber Monday" Crackdown
coondoggie writes "A team of world-wide law enforcement agencies took out 132 domain names today that were illegally selling counterfeit merchandise online. The group, made up of US Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI) and law enforcement agencies from Belgium, Denmark, France, Romania, United Kingdom and the European Police Office (Europol), targeted alleged counterfeiters selling everything from professional sports jerseys, DVD sets, and a variety of clothing to jewelry and luxury goods."
Found more than 1 month ago on channel Slashdot