News Byte

Alan Patricof's Greycroft Shuffles Staff

Greycroft, the early-stage fund run by legendary investor Alan Patricof, is overhauling its org chart. The firm has added Paul Bricault and Kirill Sheynkman as venture partners, and Alan Gould as an executive in residence. Meanwhile, former general partner Drew Lipsher has left to head up corporate development at Clear Channel Media.  Last year, after much effort, Greycroft raised a second, $130 million fund.

Steve Brill’s Clear Card Gets Grounded

A system to speed elite travelers through airports shuts down after four years and $116 million. Its failure will rub some shine off a couple of well-known media types: The entrepreneur behind Court TV and some of the primary investors behind Twitter.
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No Worries, Just Add All 33,000 to the Do-Not-Fly List …

Verified Identity Pass’s Clear registered traveler program requires members to submit to in-depth background checks, provide the company with their drivers’ licenses and passport numbers, and get hand and/or retina scans. Those who do are given speedier passage through airport security lines. Given such robust security precautions, it’s ironic that a laptop containing the personal information of 33,000 Clear customers went missing for a week.