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	<title>AllThingsD &#187; Kleiner Perkins</title>
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		  <title>All Things Digital</title>
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		<title>Kleiner Perkins Partner Ellen Pao Sues Firm for Gender Discrimination Over Sexual Harassment</title>
		<link>http://allthingsd.com/20120522/kleiner-perkins-partner-ellen-pao-sues-firm-for-gender-discrimination-over-sexual-harassment/</link>
		<comments>http://allthingsd.com/20120522/kleiner-perkins-partner-ellen-pao-sues-firm-for-gender-discrimination-over-sexual-harassment/#comments</comments>
		<pubDate>Tue, 22 May 2012 16:24:58 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Ajit Nazre]]></category>
		<category><![CDATA[Ellen Pao]]></category>
		<category><![CDATA[featured post]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[sexual harassment]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=211045</guid>
		<description><![CDATA[KPCB partner Ellen Pao has filed a lawsuit against her employer, alleging sexual harassment and a continuing pattern of gender discrimination against her and other women at the firm.]]></description>
			<content:encoded><![CDATA[<p>Kleiner Perkins Caufield &amp; Byers partner Ellen Pao has filed a lawsuit against her employer, alleging multiple instances of sexual harassment and a continuing pattern of gender discrimination against her and other women at the firm.</p>
<p><a href="http://allthingsd.com/files/2012/05/EPaoLowRes.jpg"><img class="alignright size-medium wp-image-211060" title="EPaoLowRes" src="http://allthingsd.com/files/2012/05/EPaoLowRes-380x285.jpg" alt="" width="380" height="285" /></a>The case was filed on May 10 and <a href="http://techcrunch.com/2012/05/22/kleiner-perkins-sexual-harassment-lawsuit-ellen-pao/">surfaced by Colleen Taylor at TechCrunch</a> today. Pao was formerly on the Kleiner Perkins cleantech team, and is currently on the digital team. Her investments include Flipboard, Crittercism and Datameer.</p>
<p>In the complaint, Pao said she was sexually harassed mainly by former Kleiner Perkins partner Ajit Nazre, starting in 2006, the year after she joined the firm. Pao said she did briefly have a relationship with Nazre, but after breaking things off with him, multiple Kleiner Perkins partners and an outside human resources consultant allegedly ignored Pao&#8217;s complaints about repeated harassment and retaliation, and rejected her requests to transfer away from Nazre.</p>
<p>Pao also said she experienced inappropriate advances by another partner, Randy Komisar, and that another female staffer experienced sexual harassment from Nazre as well.</p>
<p>Partners named in the suit for allegedly ignoring Pao&#8217;s complaints include Ray Lane, John Doerr and Ted Schlein.</p>
<p>Pao alleged a pattern of discrimination against women within Kleiner Perkins, with examples including her being excluded from the advising of a successful company that she brought to the firm, and being left out of multiple social events at the firm.</p>
<p>From the complaint:</p>
<blockquote class="memo"><p>KPCB discriminates against Plaintiff and other women by failing to promote them comparably to men, by compensating them less than men through lower salary, bonus and carried interest, by restricting the number of investments that women are allowed to make as compared to men, by failing to act when complaints of sexual harassment or discrimination are made, by excluding women from meetings and discussions, by failing to provide equivalent sponsorship of women as of men, by failing to include junior women comparably to junior men in the interview process, and by failing to provide opportunities for visibility and success inside and outside the firm for women as compared to men.</p></blockquote>
<p>And here&#8217;s Kleiner Perkins&#8217; statement on the matter, via TechCrunch:</p>
<blockquote class="memo"><p>In response to a discrimination complaint filed in the Superior Court of San Francisco by Ellen Pao, Christina Lee, a Kleiner Perkins spokesperson, stated the Firm regrets that the situation is being litigated publicly and had hoped the two parties could have reached resolution, particularly given Pao’s 7-year history with the firm. Following a thorough independent investigation of the facts, the firm believes the lawsuit is without merit and intends to vigorously defend the matter. The Firm has been a diversity pioneer in its industry and was one of the first venture capital firms to hire women as partners. The number of women partners at the firm is one of the highest within the venture capital arena and the firm has actively supported women in all respects.</p></blockquote>
<p>Here&#8217;s the full lawsuit, which includes descriptions of quite a few alleged incidents of harassment, failure to address that harassment, and discrimination:</p>
<p><a style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;" title="View KP on Scribd" href="http://www.scribd.com/doc/94428235">KP</a><iframe id="doc_32906" src="http://www.scribd.com/embeds/94428235/content?start_page=1&amp;view_mode=list" frameborder="0" scrolling="no" width="100%" height="600" data-auto-height="true" data-aspect-ratio=""></iframe></p>
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		<title>"Cross-Device" Ad Tracker Drawbridge Rounds Up $6.5 Million From Sequoia, Kleiner Perkins</title>
		<link>http://allthingsd.com/20120510/cross-device-ad-tracker-drawbridge-rounds-up-6-5-million-from-sequoia-kleiner-perkins/</link>
		<comments>http://allthingsd.com/20120510/cross-device-ad-tracker-drawbridge-rounds-up-6-5-million-from-sequoia-kleiner-perkins/#comments</comments>
		<pubDate>Thu, 10 May 2012 16:30:18 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Ad Tech]]></category>
		<category><![CDATA[AdMob]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Drawbridge]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Kamakshi Sivaramakrishnan]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[laptop]]></category>
		<category><![CDATA[Sequoia Capital]]></category>
		<category><![CDATA[targeting]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=206447</guid>
		<description><![CDATA[Drawbridge, an ad tech start-up founded by AdMob engineer Kamakshi Sivaramakrishnan, has raised $6.5 million from Sequoia Capital and Kleiner Perkins Caufield &#038; Byer. Drawbridge says it can help marketers target potential customers by tracking them as they move around from device to device -- like from a laptop to an iPhone. Sivaramakrishnan put in six months at Google after it acquired AdMob, before starting her own company.]]></description>
			<content:encoded><![CDATA[<p>Drawbridge, an ad tech start-up founded by AdMob engineer Kamakshi Sivaramakrishnan, has raised $6.5 million from Sequoia Capital and Kleiner Perkins Caufield &#038; Byer. Drawbridge says it can help marketers target potential customers by tracking them as they move around from device to device &#8212; like from a laptop to an iPhone. Sivaramakrishnan put in six months at Google after it acquired AdMob, before starting her own company.</p>
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		<title>CEO and Pregnant: Piazza's Pooja Sankar and Yapp's Maria Seidman</title>
		<link>http://allthingsd.com/20120510/meet-pooja-sankar-and-maria-seidman-the-pregnant-start-up-ceos/</link>
		<comments>http://allthingsd.com/20120510/meet-pooja-sankar-and-maria-seidman-the-pregnant-start-up-ceos/#comments</comments>
		<pubDate>Thu, 10 May 2012 10:00:58 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Bessemer Venture Partners]]></category>
		<category><![CDATA[Jessica Herrin]]></category>
		<category><![CDATA[Jessica Jackley]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Maria Seidman]]></category>
		<category><![CDATA[Piazza]]></category>
		<category><![CDATA[Pooja Sankar]]></category>
		<category><![CDATA[pregnant CEOs]]></category>
		<category><![CDATA[Yapp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=206366</guid>
		<description><![CDATA["Were there days that I was so nauseous and exhausted that I wanted to lie under the desk? Yeah. But I'm committed to the product."]]></description>
			<content:encoded><![CDATA[<p>This year&#8217;s Fortune 500 list has <a href="http://edition.cnn.com/2012/05/08/business/f500-leading-women/index.html">more women on it than ever before</a>: 18.</p>
<p>It&#8217;s a small number, but it&#8217;s progress. Still, as the ranks of women leading companies grow, there&#8217;s something you very rarely see: A pregnant CEO.</p>
<p><div id="attachment_206466" class="wp-caption alignright" style="width: 390px"><a href="http://allthingsd.com/files/2012/05/PoojaSankar.jpeg"><img class="size-medium wp-image-206466" title="PoojaSankar" src="http://allthingsd.com/files/2012/05/PoojaSankar-380x253.jpg" alt="" width="380" height="253" /></a><p class="wp-caption-text">Piazza CEO Pooja Sankar</p></div></p>
<p>Pooja Sankar and Maria Seidman are both first-time founders and CEOs of young, venture-capital-backed tech start-ups. And they&#8217;re both pregnant and due this summer. Talk about doing it all.</p>
<p>Sankar runs <a href="https://piazza.com/">Piazza</a>, a discussion platform for college courses. Founded in 2009, it has 100,000 users and recently raised $6 million in Series A funding led by Bessemer Venture Partners.</p>
<p>Meanwhile, Seidman started <a href="https://www.yapp.us/">Yapp</a> last year as a mobile-app-creation tool for nontechnical users. Still in private beta, it raised seed funding from Kleiner Perkins Caufield &#038; Byers.</p>
<p>The two women have a lot in common. Both raised funding for their companies before they got pregnant, and both have entrepreneurial husbands and support from family and other childcare resources.</p>
<p>Neither is anticipating taking much of a maternity leave.</p>
<p>Pregnancy is obviously a highly personal experience, and also a taboo conversation topic in the workplace. It&#8217;s something I don&#8217;t know a ton about, so I waded into my questions carefully &#8212; but both Sankar and Seidman were open and generous in our interviews (see the video below).</p>
<p>They told me their pregnancies have helped set the tone within their small companies for a culture that incorporates some degree of family, balance and delegation. But they&#8217;re also working their butts off.</p>
<p><div id="attachment_206467" class="wp-caption alignleft" style="width: 267px"><a href="http://allthingsd.com/files/2012/05/MariaSeidman.png"><img class="size-medium wp-image-206467" title="MariaSeidman" src="http://allthingsd.com/files/2012/05/MariaSeidman-257x285.png" alt="" width="257" height="285" /></a><p class="wp-caption-text">Yapp CEO Maria Seidman</p></div></p>
<p>Seidman, who&#8217;s already mom to a four-year-old, said it&#8217;s not uncommon for her to put her kid to bed at 8 pm and work till 3 am. And Sankar noted that two days into her marriage, she attended a conference that was crucial for her company &#8212; with henna from the wedding all over her hands and legs.</p>
<p>There aren&#8217;t many past examples of pregnant tech CEOs out there. Two are <a href="http://www.inc.com/magazine/20100901/balancing-a-start-up-and-a-baby.html">Jessica Herrin of Stella &amp; Dot</a> and Jessica Jackley of Kiva and ProFounder &#8212; whose own investor <a href="http://paigecraig.wordpress.com/2011/04/12/putting-women-first">posted an essay online</a> on the topic &#8220;A pregnant founder/CEO is going to fail her company.&#8221;</p>
<p>&#8220;I haven&#8217;t felt discriminated against, but I have no idea what people really think,&#8221; Seidman said of her pregnancy. She said she tries to be nonjudgmental of everyone else&#8217;s life and child-rearing choices. When a man recently approached her at an event to volunteer himself as a new CEO for Yapp, she shrugged it off.</p>
<p>She added, &#8220;Were there days that I was so nauseous and exhausted that I wanted to lie under the desk? Yeah. But I&#8217;m committed to the product.&#8221;</p>
<p>Sankar and Seidman both graciously sat for video interviews about being pregnant CEOs. Here they are:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=0734ED5D-DF48-46C4-91E5-466900B1890F&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={0734ED5D-DF48-46C4-91E5-466900B1890F}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Flipboard CEO McCue Likely to Step Down From Twitter Board Over Potential Future Conflicts (Or Closer Cooperation)</title>
		<link>http://allthingsd.com/20120507/exclusive-flipboard-ceo-mccue-likely-to-step-down-from-twitter-board-over-potential-future-conflicts-or-closer-cooperation/</link>
		<comments>http://allthingsd.com/20120507/exclusive-flipboard-ceo-mccue-likely-to-step-down-from-twitter-board-over-potential-future-conflicts-or-closer-cooperation/#comments</comments>
		<pubDate>Mon, 07 May 2012 20:37:24 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[app]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Asana]]></category>
		<category><![CDATA[Ashton Kutcher]]></category>
		<category><![CDATA[board]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[communications]]></category>
		<category><![CDATA[Currents]]></category>
		<category><![CDATA[data]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[device]]></category>
		<category><![CDATA[Dick Costolo]]></category>
		<category><![CDATA[director]]></category>
		<category><![CDATA[Dustin Moskovitz]]></category>
		<category><![CDATA[engineer]]></category>
		<category><![CDATA[Evan Doll]]></category>
		<category><![CDATA[Feed]]></category>
		<category><![CDATA[Flipboard]]></category>
		<category><![CDATA[format]]></category>
		<category><![CDATA[fundraising]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Index Ventures Facebook]]></category>
		<category><![CDATA[information]]></category>
		<category><![CDATA[Insight Venture Partners]]></category>
		<category><![CDATA[interface]]></category>
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		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Jack Dorsey]]></category>
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		<category><![CDATA[Livestand]]></category>
		<category><![CDATA[magazine]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Mike McCue]]></category>
		<category><![CDATA[News Corp.]]></category>
		<category><![CDATA[Peter Chernin]]></category>
		<category><![CDATA[product]]></category>
		<category><![CDATA[Pulse]]></category>
		<category><![CDATA[Ron Conway]]></category>
		<category><![CDATA[round]]></category>
		<category><![CDATA[RSS]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[social networking]]></category>
		<category><![CDATA[stream]]></category>
		<category><![CDATA[Summify]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=204132</guid>
		<description><![CDATA[There is a growing feeling that the social communications companies are on a product collision course, with a possible troubled or perhaps more attractive result.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120507/exclusive-flipboard-ceo-mccue-likely-to-step-down-from-twitter-board-over-potential-future-conflicts-or-closer-cooperation/mikemccue/" rel="attachment wp-att-204836"><img src="http://allthingsd.com/files/2012/05/MikeMcCue-380x235.jpg" alt="" title="MikeMcCue" width="380" height="235" class="alignright size-medium wp-image-204836" /></a></p>
<p>According to sources close to the situation, Flipboard co-founder and CEO Mike McCue has approached Twitter CEO Dick Costolo and co-founder Jack Dorsey about moving off the board of Twitter.</p>
<p>It is not clear when McCue &#8212; <a href="http://allthingsd.com/20101215/exclusive-twitter-raises-200-million-at-3-7-billion-valuation-adds-mccue-and-rosenblatt-to-board/">who became a director </a> of the San Francisco social communications company in late 2010 &#8212; will step down, but it could come soon.</p>
<p>The reason, sources said, is McCue&#8217;s growing feeling that the companies are on a product collision course, with a possible troubled or perhaps more attractive result.</p>
<p>In other words, Flipboard will either face increasing rivalry from Twitter or will end up as a possible acquisition target for it or other companies.</p>
<p>&#8220;How users consume and use Twitter is a key part of its future, and that is what Flipboard does well already,&#8221; said one person with knowledge of the situation. &#8220;There is going to be an inevitable crossroads for the two companies.&#8221;</p>
<p>Indeed, Twitter has bought several companies that help users read and <a href="http://allthingsd.com/20111208/twitter-redesigns-to-be-simpler-and-faster/">discover</a>, such as <a href="http://allthingsd.com/20120119/twitter-acquires-social-summary-tool-summify/">Summify</a>.</p>
<p>The goal has been to better make sense of the massive amount of data that the service produces daily; to that end, Twitter has <a href="http://allthingsd.com/20120501/twitter-discovery-update/ ">pushed to improve its user interface design</a> on a number of devices. </p>
<p><a href="http://allthingsd.com/20120507/exclusive-flipboard-ceo-mccue-likely-to-step-down-from-twitter-board-over-potential-future-conflicts-or-closer-cooperation/flipboard-twitter/" rel="attachment wp-att-204843"><img src="http://allthingsd.com/files/2012/05/Flipboard-Twitter-213x285.png" alt="" title="Flipboard-Twitter" width="213" height="285" class="alignleft size-medium wp-image-204843" /></a></p>
<p>And Twitter is a big part of Flipboard&#8217;s app, which is very dependent on the tweet feed and accounts for 70 percent of its links, sources said.</p>
<p>Flipboard is also more of a &#8220;mobile first&#8221; company, which is where Twitter is also headed even more aggressively.</p>
<p>Already popular on the Apple iPad, Flipboard <a href="http://allthingsd.com/20111028/news-reader-traffic-jam-yahoos-livestand-and-googles-propeller-set-to-launch-aiming-at-flipboard/">launched its iPhone app</a> late last year and it is <a href="http://allthingsd.com/20120503/flipboard-for-android-makes-a-cameo-at-samsungs-galaxy-s-iii-launch/">prepping a version</a> for Google Android soon.</p>
<p>That&#8217;s why, in addition to being a rival, it is also an obvious acquisition target for Twitter, as well as others such as Yahoo and Microsoft. </p>
<p>In fact, Google already tried to buy it last year, before Flipboard did a massive <a href="http://allthingsd.com/20110414/exclusive-flipboard-confirms-50-million-funding-at-200-million-valuation/">$50 million fundraising round that valued it at $200 million</a>. </p>
<p>Its investors include Insight Venture Partners, Comcast&#8217;s venture arm, Kleiner Perkins Caufield &#038; Byers, Index Ventures and a spate of well known angels, such as Dorsey, Facebook co-founder and Asana dude Dustin Moskovitz, Ron Conway, actor Ashton Kutcher and the investment company of former News Corp. exec Peter Chernin.</p>
<p>Co-founded by longtime entrepreneur McCue (Netscape, Tellme) and former Apple iPhone engineer Evan Doll, Flipboard <a href="http://kara.allthingsd.com/20100720/meet-flipboard-mike-mccue-talks-about-stealth-social-magazine-start-up-that-just-nabbed-10-5-million">launched to much attention in mid 2010</a>.</p>
<p>Its innovative social magazine concept is attempting to make the social networking universe more accessible, consumable and, perhaps most importantly, visually arresting via its rich app.</p>
<p>Essentially, Flipboard pulls information from media RSS feeds and sites such as Twitter and Facebook data streams and then reassembles it in an easy-to-navigate personalized format.</p>
<p><a href="http://allthingsd.com/20111208/google-currents-debuts-phew/">Google has mounted a competitor, called Currents,</a> as has Yahoo with its Livestand offering, neither of which have gotten much traction. In fact, sources said, Yahoo is likely to shut Livestand down completely.</p>
<p>There have also been a spate of other similar readers, such as Pulse and Zite. </p>
<p>Spokespersons for both Flipboard and Twitter politely declined comment.</p>
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		<title>Kleiner Perkins Leads $7M Funding for Payments Upstart Gumroad</title>
		<link>http://allthingsd.com/20120507/kleiner-perkins-leads-7m-funding-for-payments-upstart-gumroad/</link>
		<comments>http://allthingsd.com/20120507/kleiner-perkins-leads-7m-funding-for-payments-upstart-gumroad/#comments</comments>
		<pubDate>Mon, 07 May 2012 17:05:19 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Gumroad]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Mike Abbott]]></category>
		<category><![CDATA[Sahil Lavingia]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=204484</guid>
		<description><![CDATA[Former Twitter engineering head Mike Abbott -- now a partner at Kleiner Perkins -- has made his first investment: Leading a $7 million round for payments start-up Gumroad.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111013/exclusive-vp-engineering-mike-abbott-departs/">Former Twitter engineering head</a> Mike Abbott &#8212; <a href="http://allthingsd.com/20111201/former-palm-and-twitter-techie-mike-abbott-jumps-from-eir-at-benchmark-to-kleiner-partner/">now a partner at Kleiner Perkins Caufield &#038; Byers</a> &#8212; has made his first investment: Leading a $7 million round for payments start-up <a href="https://gumroad.com/">Gumroad</a>.</p>
<p><a href="http://allthingsd.com/files/2012/05/Gumroad.png"><img class="alignright size-medium wp-image-204575" title="Gumroad" src="http://allthingsd.com/files/2012/05/Gumroad-380x134.png" alt="" width="380" height="134" /></a>It&#8217;s a significant boost for a year-old start-up that has just three employees and is led by 19-year-old founder Sahil Lavingia, who was previously an early designer at Pinterest.</p>
<p>Gumroad is a tool for creators to charge money for their content online. It gives them simple links they can share on Twitter and elsewhere.</p>
<p>Lavingia said the premise of his company is based around the realization that &#8220;There&#8217;s no lemonade stand on the Internet; there&#8217;s no foot traffic.&#8221; He acknowledged that there is lots of competition in the payments space, but said, &#8220;There&#8217;s been a lag time between payments and the democratization of everything else.&#8221;</p>
<p>Gumroad investors, including Accel Partners, SV Angel and Lowercase Capital, previously gave the San Francisco-based company $1.1 million in a seed round collected late last year and early this year. Lavingia boasted that he had his pick of investors for his Series A round, and chose Abbott because of his technical leadership chops.</p>
<p>Gumroad takes a 5 percent cut plus 25 cents, pricing that is designed to be competitive with iTunes, Lavingia said. Creators can maintain a direct relationship with purchasers by getting their email addresses. Tens of thousands of sellers have tried the system.</p>
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		<title>"Use a Bear, if Possible." Viral Video Tips From the Dollar Shave Club Dude.</title>
		<link>http://allthingsd.com/20120419/use-a-bear-if-possible-viral-video-tips-from-the-dollar-shave-club-dude/</link>
		<comments>http://allthingsd.com/20120419/use-a-bear-if-possible-viral-video-tips-from-the-dollar-shave-club-dude/#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:30:31 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Andreessen Horowitz]]></category>
		<category><![CDATA[Dollar Shave Club]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Michael Dubin]]></category>
		<category><![CDATA[viral video]]></category>
		<category><![CDATA[Web video]]></category>
		<category><![CDATA[YouTube]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=197984</guid>
		<description><![CDATA[Odds are you can't make a viral video to launch your start-up. Still, here are some tips that can improve your odds.]]></description>
			<content:encoded><![CDATA[<p><img src="http://allthingsd.com/files/2012/04/dollar_shave_bear.png" alt="" title="dollar_shave_bear" width="380" height="283" class="alignright size-full wp-image-198199" />We all know the story of the <a href="http://www.youtube.com/watch?feature=player_embedded&amp;v=ZUG9qYTJMsI">Dollar Shave Club video</a>. It was really funny, it went viral, and it helped the razor-selling start-up that created it make a <a href="http://online.wsj.com/article/SB10001424052702303624004577338103789934144.html">huge</a> <a href="http://www.businessweek.com/articles/2012-03-12/dollar-shave-clubs-founder-yes-i-am-a-funny-guy">splash</a>.</p>
<p>So the lesson here is clear: If you want <em>your</em> start-up to break out from the pack, you need a viral video &#8212; five million YouTube views and counting &#8212; too. Right?</p>
<p>Right. Except you probably can&#8217;t make a viral video. Because if it were easy to do it, then everyone would do it.</p>
<p>Still, you can improve your odds. Dollar Shave CEO Michael Dubin stopped by the Ad Age conference this week (he was picking up a &#8220;Viral Video&#8221; award) and gave us a couple minutes and a couple tips. One how-to he could have mentioned to me beforehand &#8212; don&#8217;t shoot your stuff in a stairwell.</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=2B15A1C1-B9EB-4D4A-9E2A-753BDD624C37&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={2B15A1C1-B9EB-4D4A-9E2A-753BDD624C37}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
<p>Side note: The thing I find most interesting about the Dollar Shave Club video is that Dubin had the video before he had the start-up: He shot a rough cut of the clip last fall and used that as part of his funding pitch. And once he rounded up his money &#8212; from the likes of Andreessen Horowitz and Kleiner Perkins &#8212; he figured he&#8217;d use the clip as an ancillary bit of media, not his primary launch tool.</p>
<p>His backers set him straight, he says. &#8220;They told me, &#8216;The video is the thing,&#8217;&#8221; he says. And they were right.</p>
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		<title>Stanford Professors Launch Coursera With $16M From Kleiner Perkins and NEA</title>
		<link>http://allthingsd.com/20120418/stanford-professors-launch-coursera-with-16m-from-kleiner-perkins-and-nea/</link>
		<comments>http://allthingsd.com/20120418/stanford-professors-launch-coursera-with-16m-from-kleiner-perkins-and-nea/#comments</comments>
		<pubDate>Wed, 18 Apr 2012 09:00:47 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Andrew Ng]]></category>
		<category><![CDATA[Coursera]]></category>
		<category><![CDATA[Daphne Koller]]></category>
		<category><![CDATA[John Doerr]]></category>
		<category><![CDATA[Khan Academy]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[NEA]]></category>
		<category><![CDATA[Scott Sandell]]></category>
		<category><![CDATA[Sebastian Thrun]]></category>
		<category><![CDATA[Stanford University]]></category>
		<category><![CDATA[Udacity]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=197085</guid>
		<description><![CDATA[There seems to be something in the water at Stanford University that's making faculty members leave their more-than-perfectly-good jobs and go online.]]></description>
			<content:encoded><![CDATA[<p>There seems to be something in the water at Stanford University that&#8217;s making faculty members leave their more-than-perfectly-good jobs and go teach online.</p>
<p><div id="attachment_197093" class="wp-caption alignright" style="width: 390px"><a href="http://allthingsd.com/files/2012/04/Coursera.jpg"><img class="size-medium wp-image-197093" title="Coursera" src="http://allthingsd.com/files/2012/04/Coursera-380x283.jpg" alt="" width="380" height="283" /></a><p class="wp-caption-text">Coursera co-founders Andrew Ng and Daphne Koller</p></div></p>
<p>Stanford computer science professors Daphne Koller and Andrew Ng are on leave to launch <a href="https://www.coursera.org/">Coursera</a>, which will offer university classes for free online, in partnership with top schools.</p>
<p>Mountain View, Calif.-based Coursera is backed with $16 million in funding led by John Doerr at Kleiner Perkins and Scott Sandell at NEA. It has no immediate plans to charge for courses or to make money in other ways.</p>
<p>Compared to <a href="http://www.udacity.com/">Udacity</a>, <a href="http://allthingsd.com/20120125/watch-sebastian-thrun-leaves-stanford-to-teach-online/">a similar start-up from former Stanford professor Sebastian Thrun</a> that&#8217;s creating its own classes, Coursera helps support its university partners in creating their own courses, which are listed under each school&#8217;s brand.</p>
<p>Some might doubt that universities would want to share their prized content for free online with a start-up, but Coursera has already signed up Princeton, Stanford, the University of Michigan and the University of Pennsylvania as partners, with a set of classes launching April 23.</p>
<p>Coursera evolved, in part, out of the hugely popular Stanford classes that Ng and Thrun taught last fall on machine learning and artificial intelligence, respectively. Ng&#8217;s course had 104,000 people enrolled, with at least 46,000 completing at least one homework assignment. Of those, 23,000 completed a &#8220;substantial&#8221; amount of the class, and 13,000 received a &#8220;statement of accomplishment,&#8221; Ng said. He&#8217;ll be offering that class again, starting next week.</p>
<p>Koller and Ng are particularly committed to developing pedagogy for this new medium, and have built their own course software and student forums. They describe their philosophy as similar to that of Salman Khan and the <a href="http://www.khanacademy.org/">Khan Academy</a>, where students are encouraged to take the time to master material at their own pace.</p>
<p>Coursera students help other students &#8212; in the fall, the median response time to a question asked on the class forum was 22 minutes &#8212; and the system will also learn from the students.</p>
<p>For instance, 2,000 of the 20,000 or so students in Ng&#8217;s online class had the exact same wrong solution on one problem set, he said. That&#8217;s an opportunity to recognize what&#8217;s happening, and to teach those students in that moment.</p>
<p>Koller and Ng have also conceived of an ambitious plan to grade humanities classes with thousands of students enrolled.</p>
<p>Coursera&#8217;s content is naturally heavy on computer science &#8212; where problem sets are fairly straightforward to grade &#8212; but it will also offer poetry, sociology, and medical courses. These classes will be graded crowdsourcing style, with peer assessment and review. Figuring out how to grade masses of assignments on a subjective scale is a machine learning problem, Ng said.</p>
<p>Another ambitious venture-backed college-level online education start-up I recently covered is <a href="http://www.minervaproject.com/">the Minerva Project</a>, which is <a href="http://allthingsd.com/20120403/could-the-next-elite-university-be-online-and-venture-backed/">planning to launch its own mostly virtual elite university</a>.</p>
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		<title>More D10 Speakers: Ellison, Meeker, Myhrvold, Along With Pixar and Visa!</title>
		<link>http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/</link>
		<comments>http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/#comments</comments>
		<pubDate>Mon, 09 Apr 2012 21:49:26 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[D]]></category>
		<category><![CDATA[D10]]></category>
		<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Academy Awards]]></category>
		<category><![CDATA[analyst]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[cloth simulation]]></category>
		<category><![CDATA[conference]]></category>
		<category><![CDATA[cookbook]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[D: All Things Digital]]></category>
		<category><![CDATA[Daniel Ek]]></category>
		<category><![CDATA[Demo]]></category>
		<category><![CDATA[device]]></category>
		<category><![CDATA[Digital Growth Fund]]></category>
		<category><![CDATA[Disney]]></category>
		<category><![CDATA[Ed Catmull]]></category>
		<category><![CDATA[entertainment]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[firm]]></category>
		<category><![CDATA[identity]]></category>
		<category><![CDATA[image compositing]]></category>
		<category><![CDATA[intellectual property]]></category>
		<category><![CDATA[Intellectual Ventures]]></category>
		<category><![CDATA[inventor]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Jawbone]]></category>
		<category><![CDATA[Jeff Weiner]]></category>
		<category><![CDATA[John Lasseter]]></category>
		<category><![CDATA[John Partridge]]></category>
		<category><![CDATA[Jon Leibowitz]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Larry Ellison]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[lineup]]></category>
		<category><![CDATA[LinkedIn]]></category>
		<category><![CDATA[Los Angeles]]></category>
		<category><![CDATA[Lucsafilm]]></category>
		<category><![CDATA[mark Pincus]]></category>
		<category><![CDATA[Mary Meeker]]></category>
		<category><![CDATA[Michael Bloomberg]]></category>
		<category><![CDATA[Modernist Cuisine]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[motion blur]]></category>
		<category><![CDATA[Nathan Myhrvold]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[New York Institute of Technology]]></category>
		<category><![CDATA[One Kings Lane]]></category>
		<category><![CDATA[Oracle]]></category>
		<category><![CDATA[panel]]></category>
		<category><![CDATA[patent]]></category>
		<category><![CDATA[payments]]></category>
		<category><![CDATA[Pixar]]></category>
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		<category><![CDATA[programming]]></category>
		<category><![CDATA[provacy]]></category>
		<category><![CDATA[Rancho Palo Verdes]]></category>
		<category><![CDATA[Reid Hoffman]]></category>
		<category><![CDATA[rendering techniques]]></category>
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		<category><![CDATA[research]]></category>
		<category><![CDATA[Sean partner]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Skype]]></category>
		<category><![CDATA[smartphone]]></category>
		<category><![CDATA[speaker]]></category>
		<category><![CDATA[Spotify]]></category>
		<category><![CDATA[Square]]></category>
		<category><![CDATA[State of the Internet]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[subdivision surfaces]]></category>
		<category><![CDATA[texture mapping]]></category>
		<category><![CDATA[theft]]></category>
		<category><![CDATA[Tony Bates]]></category>
		<category><![CDATA[trend]]></category>
		<category><![CDATA[tribute]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture]]></category>
		<category><![CDATA[visa]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Walt Disney and Pixar Animation Studios]]></category>
		<category><![CDATA[z-buffer]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=193639</guid>
		<description><![CDATA[Speakers? We got your D10 speakers.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/d-3/" rel="attachment wp-att-194251"><img src="http://allthingsd.com/files/2012/04/d1.png" alt="" title="d" width="80" height="80" class="alignright size-full wp-image-194251" /></a></p>
<p>A month ago, I <a href="http://allthingsd.com/20120309/here-come-the-first-d10-speakers-new-york-mayor-michael-bloomberg-entrepreneur-sean-parker-zyngas-mark-pincus-and-more-on-the-red-hot-seat/">posted an initial list of speakers</a> for the 10th <strong>D: All Things Digital</strong> conference.</p>
<p>After a decade, the event &#8212; which is held in Rancho Palos Verdes, Calif., just south of Los Angeles, at the end of May &#8212; has attracted another amazing group of speakers, including: New York City Mayor Michael Bloomberg; serial entrepreneur Sean Parker, who will appear with Spotify co-founder and CEO Daniel Ek; Zynga founder and CEO Mark Pincus; Federal Trade Commission Chairman Jon Leibowitz; LinkedIn Chairman and VC Reid Hoffman, who will appear with the social business site&#8217;s CEO Jeff Weiner; and Skype CEO Tony Bates.</p>
<p>Now, here&#8217;s another group of stellar speakers we&#8217;ve added to the programming lineup (and there are still even <em>more</em> big names to come in the weeks ahead): Oracle CEO Larry Ellison; former tech analyst superstar and now VC Mary Meeker of Kleiner Perkins; Intellectual Ventures&#8217; Nathan Myhrvold; Pixar co-founder and Disney animation head Dr. Ed Catmull; and Visa President John Partridge.</p>
<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/ellison_feature-1/" rel="attachment wp-att-194571"><img src="http://allthingsd.com/files/2012/04/ellison_feature-1-150x150.png" alt="" title="ellison_feature-1" width="150" height="150" class="alignleft size-thumbnail wp-image-194571" /></a></p>
<p>Larry Ellison, CEO and founder of the enterprise giant Oracle, needs little introduction, as one of tech&#8217;s highest profile figures and a true Silicon Valley icon. Frankly, I think the short bio that&#8217;s on Oracle&#8217;s Web site says it all: &#8220;Larry Ellison has been CEO of Oracle Corporation since he founded the company in 1977. He also races sailboats, flies planes, and plays tennis and guitar.&#8221; There will be a lot to talk about with the voluble and always entertaining exec &#8212; who appeared at the <strong>D</strong> conference once before many years ago &#8212; from the current state of the tech industry to insights to where it&#8217;s all going. (In addition, Ellison has agreed to appear on a panel we are doing as a tribute to his close friend, Apple&#8217;s former CEO Steve Jobs.)</p>
<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/img_8772lowres-2/" rel="attachment wp-att-194245"><img src="http://allthingsd.com/files/2012/04/IMG_8772lowres1-150x150.jpg" alt="" title="IMG_8772lowres" width="150" height="150" class="alignright size-thumbnail wp-image-194245" /></a></p>
<p>Another well-known tech figure is Meeker, who is now a partner at Kleiner Perkins Caufield &#038; Byers, having joined the storied venture capital firm in early 2011. She focuses there on investments in its digital practice and via KP&#8217;s Digital Growth Fund, working with companies such as Spotify, Jawbone and One King&#8217;s Lane. But Meeker is perhaps best known for her long stint &#8212; 1991 to 2010 &#8212; as a star Internet research analyst at Morgan Stanley, where she brought many of the Internet&#8217;s great companies to the attention of Wall Street and beyond. She also wrote a series of groundbreaking reports on the landscape. That includes her annual &#8220;State of the Internet,&#8221; which Meeker will debut this year at the conference in an extended demo of her always riveting Internet trends presentation.</p>
<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/bloomberg-view-3/" rel="attachment wp-att-194244"><img src="http://allthingsd.com/files/2012/04/Nathan-4-01952-150x150.jpg" alt="" title="Bloomberg View" width="150" height="150" class="alignleft size-thumbnail wp-image-194244" /></a></p>
<p>Nathan Myhrvold is also a tech legend, having worked for 14 years as chief strategist and CTO of Microsoft. But, instead of retiring, the avid inventor decided to focus on patents, founding and leading a controversial company called Intellectual Ventures, which buys them up and licenses them out (or sues if it doesn&#8217;t sell). With all the mishegas around patents right now, it&#8217;s a good time to have Myhrvold back to explain it all and perhaps to take some of the blame for the explosion in intellectual property lawsuits. (Myhrvold also co-authored a cookbook, &#8220;Modernist Cuisine,&#8221; so we hope we will also get some sort of futuristic cooking demo. Perhaps, Patently Delicious Flan?)</p>
<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/01_20100115edcatmull10-2/" rel="attachment wp-att-194243"><img src="http://allthingsd.com/files/2012/04/01_20100115EdCatmull101-150x150.jpg" alt="" title="01_20100115EdCatmull10" width="150" height="150" class="alignright size-thumbnail wp-image-194243" /></a></p>
<p>Speaking of tasty, the animation from Pixar over the years has been just that and it&#8217;s been one of Disney&#8217;s greatest acquisitions. Given how much Pixar has contributed to animation technology, we are glad to finally get Dr. Ed Catmull onstage. As co-founder of Pixar Animation Studios and president of Walt Disney and Pixar Animation Studios, he will discuss where entertainment and technology are intersecting and where they are not. Catmull is a geek&#8217;s geek in the industry &#8212; having also founded the computer graphics laboratory at the New York Institute of Technology, the computer division of Lucasfilm, as well as Pixar, which he did with chief creative officer John Lasseter. Get ready to talk about image compositing, motion blur, subdivision surfaces, cloth simulation and rendering techniques, texture mapping and the z-buffer. Also, Catmull&#8217;s five Academy Awards.</p>
<p><a href="http://allthingsd.com/20120409/more-d10-speakers-ellison-meeker-myhrvold-along-with-pixar-and-visa/john-partridge/" rel="attachment wp-att-193640"><img src="http://allthingsd.com/files/2012/04/John-Partridge-148x150.png" alt="" title="John Partridge" width="148" height="150" class="alignleft size-thumbnail wp-image-193640" /></a></p>
<p>Lastly, it is perfect timing for bringing on John Partridge, president of Visa. With swirling issues around online identity theft, digital privacy, the future of money and the rise of upstart competitors such as Square, Partridge has his hands full at the credit card giant. One of the most neglected arenas in tech, the way we manage payments is perhaps the biggest story of the next era, especially as it relates to mobile and the rise of smartphones as all-purpose devices.</p>
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		<title>Turf War in SOMA: Klout vs. Kred</title>
		<link>http://allthingsd.com/20120321/kred-and-klout-too-close-for-start-up-comfort-in-soma-literally/</link>
		<comments>http://allthingsd.com/20120321/kred-and-klout-too-close-for-start-up-comfort-in-soma-literally/#comments</comments>
		<pubDate>Wed, 21 Mar 2012 20:49:45 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Jodee Rich]]></category>
		<category><![CDATA[Joe Fernandez]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Klout]]></category>
		<category><![CDATA[Kred]]></category>
		<category><![CDATA[PeopleBrowsr]]></category>
		<category><![CDATA[Twitter]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=188771</guid>
		<description><![CDATA[Klout and Kred, which both measure social influence, have a lot in common -- including the location of their offices in the same old shoe warehouse in San Francisco's trendy tech district.]]></description>
			<content:encoded><![CDATA[<p>San Francisco&#8217;s SOMA neighborhood is thick with start-ups. You can&#8217;t walk down the street or grab a coffee in South Park without overhearing a snippet of conversation about a Series A funding or a &#8220;Pinterest strategy.&#8221;</p>
<p>But here&#8217;s one juxtaposition that&#8217;s perhaps too close for comfort: Direct competitors Klout and Kred share the same building.</p>
<p><div id="attachment_188938" class="wp-caption alignright" style="width: 390px"><img src="http://allthingsd.com/files/2012/03/kloutkred380.jpg" alt="" title="kloutkred380" width="380" height="285" class="size-full wp-image-188938" /><p class="wp-caption-text">The Klout and PeopleBrowsr offices are in the same double-wide former shoe warehouse on Bryant St. in SOMA.</p></div></p>
<p>The two companies, which both score social media influence, moved in to the old Arthur Beren shoe warehouse in January 2011. The space is centrally located, with open floorplans in the industrial chic style &#8212; pretty much ideal for a tech start-up.</p>
<p>At the time, they weren&#8217;t direct competitors. Klout was having early success with its scores and &#8220;perks&#8221; for influential users, while PeopleBrowsr was providing data to marketers based on Twitter&#8217;s Firehose feed. In fact, PeopleBrowsr was a Klout API user.</p>
<p>But then last fall, PeopleBrowsr launched Kred, a social influence score that obviously has a lot in common with Klout, down to the weird &#8220;k&#8221; spelling. Kred is much like Klout, except that it&#8217;s more transparent, for instance, showing which community a user is influential in, and which specific social media actions earned Kred points.</p>
<p>So, now there are two competing companies sharing walls. While PeopleBrowsr/Kred is at 474 Bryant, Klout is at 77 Stillman &#8212; which is only the back entrance in the alley. They are basically the only two companies in the building, since former neighbors Qwiki and Plum District moved out. Only VC firm Kleiner Perkins now has part of the lower space.</p>
<p>Kleiner Perkins, by the way, is Klout&#8217;s main investor, while PeopleBrowsr CEO Jodee Rich has backed his company with $5 million of his own money. Klout can be controversial and divisive &#8212; since many people are jarred by the idea of an inscrutable algorithm deciding who matters &#8212; but it&#8217;s more of a start-up in the mold of the Silicon Valley establishment, with a founder/CEO who dreamed up a crazy idea nobody had tried before, and raised <a href="http://allthingsd.com/20120103/klout-confirms-mega-funding-round/">tens of millions in venture funding</a>.</p>
<p>I stopped in on both Klout and Kred in the past week and asked them about each other. It wasn&#8217;t too strenuous of an excursion, as the <strong>AllThingD</strong> office also happens to be on this very same block.</p>
<p>The folks at Klout seem to be most upset about Kred devaluing their sacrosanct concept of influence. For instance, Kred did a Valentine&#8217;s Day promotion that gave people double the &#8220;+Kred&#8221; for the &#8220;+K&#8221; anyone got as a Tweeted Klout endorsement. (In both systems, the endorsements are not part of the main &#8220;influence&#8221; score, but count for a more fuzzy measure of who and what people influence.) For Kred, said Klout, to depend on Klout seemed like gaming the system.</p>
<p><a href="http://allthingsd.com/files/2012/03/KloutKredblog.png"><img class="alignleft size-large wp-image-188874" title="KloutKredblog" src="http://allthingsd.com/files/2012/03/KloutKredblog-357x480.png" alt="" width="357" height="480" /></a></p>
<p>A pro-Klout blog described Kred&#8217;s Valentine&#8217;s promotion as <a href="http://www.whattheklout.com/where-is-the-love-kreds-attempt-to-steal-klout-users-on-valentines-day/">a &#8220;Coming to America&#8221; moment</a>, where the &#8220;McDowell&#8217;s&#8221; fast food restaurant serves &#8220;Big Micks&#8221; without sesame seeds and says they&#8217;re totally different from McDonald&#8217;s Big Macs. </p>
<p>You have to admit that&#8217;s pretty funny.</p>
<p>Of course, Klout preferred not to go on the record about Kred. Here&#8217;s their statement: &#8220;Klout does not have a formal relationship with Kred. We consider them to be one of the many influence measurement start-ups that launched after Klout was founded in 2008.&#8221;</p>
<p>Meanwhile, Jodee Rich was a little bit more willing to delve into the &#8220;drama,&#8221; as he called it. He gleefully showed off a tweet reply from Klout CEO Joe Fernandez at SXSW that showed Fernandez&#8217;s pent-up aggression against Kred and its sponsorship of Austin&#8217;s pedicabs during the ongoing festival. (Pictured above is an excerpt from Rich&#8217;s SXSW blog post that probably tells the story better than I could.)</p>
<p>Rich argued that Kred is very different from Klout, because its algorithm is more transparent. Kred is also evolving to include things like measures of offline influence, so that Robert Scoble doesn&#8217;t have a higher score than Barack Obama, as he once did on Klout.</p>
<p>I asked Altimeter analyst Brian Solis, who today released a report on &#8220;<a href="http://www.slideshare.net/Altimeter/the-rise-of-digital-influence">The Rise of Digital Influence</a>,&#8221; to help parse the difference between the two companies.</p>
<p>&#8220;There is no doubt, from an analyst perspective, that Klout is the 800-pound gorilla,&#8221; Solis said. &#8220;But Kred is realizing they have all of this data and they&#8217;re trying to do something with it. It&#8217;s a free market.&#8221;</p>
<p>So sure, the two companies can probably coexist in the influence measurement space &#8212; but the question is, can they continue to coexist in the same physical space?</p>
<p>So far, there are peaceful solutions to be had in SOMA: After some tussling, the landlord designated the deck for PeopleBrowsr and the parking lot for Klout. </p>
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		<title>Karma: A Social Shopping App That's Actually Social</title>
		<link>http://allthingsd.com/20120228/karma-a-social-shopping-app-thats-actually-social/</link>
		<comments>http://allthingsd.com/20120228/karma-a-social-shopping-app-thats-actually-social/#comments</comments>
		<pubDate>Tue, 28 Feb 2012 08:00:21 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[apps]]></category>
		<category><![CDATA[Felicis Ventures]]></category>
		<category><![CDATA[gifts]]></category>
		<category><![CDATA[iOS]]></category>
		<category><![CDATA[Karma]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Obvious Corp]]></category>
		<category><![CDATA[Sequoia Capital]]></category>
		<category><![CDATA[social shopping]]></category>
		<category><![CDATA[start-ups]]></category>
		<category><![CDATA[TapJoy]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=178652</guid>
		<description><![CDATA[Breakout commerce sites like Fab.com seem to be about personal splurges. What about extending that serendipitous shopping to gifting? That's what Karma, a new app for iOS and Android, is doing.]]></description>
			<content:encoded><![CDATA[<p>While new breakout commerce sites like Fab.com generally seem to be about personal splurges, what about extending that serendipitous online shopping experience to gifting? That&#8217;s what <a href="http://getkarma.com/">Karma</a>, a new app for iOS and Android, is doing.</p>
<p><a href="http://allthingsd.com/files/2012/02/Karma.png"><img class="alignright  wp-image-178655" title="Karma" src="http://allthingsd.com/files/2012/02/Karma-296x480.png" alt="" width="237" height="384" /></a>Karma is designed to help users find reasons and inspirations to give gifts to their Facebook friends, by identifying their birthdays and other occasions (it also works without logging into Facebook).</p>
<p>The selected products seem to mostly be on the fancy, hipster side of the spectrum. They include jewelry and artsy home decor, chocolates and champagne, and Netflix and Spotify subscriptions.</p>
<p>After the giver picks a gift and chooses a custom card, Karma texts, emails or Facebook-messages the recipient to personalize the gift (by picking colors, sizes, etc.) and enter a shipping address.</p>
<p>Karma was founded in June 2011 by the co-founders of Tapjoy, and is funded by Kleiner Perkins, Obvious Corporation, Sequoia Capital and Felicis Ventures.</p>
<p>There are many so-called &#8220;social shopping&#8221; apps, but Karma&#8217;s gifting concept &#8212; with its focus on decreasing the friction between gift buyer and recipient &#8212; helps this one really live up to the name, for once. Tricia Duryee has written lots on other companies in the space; <a href="http://allthingsd.com/20110927/wrapp-to-open-up-its-new-group-gifting-service-in-the-u-s/">here, for example</a>.</p>
<p>I couldn&#8217;t easily find the Karma app, which was just released, by searching in the Apple store tonight, but here are direct links for <a href="http://itunes.apple.com/us/app/karma/id457143798">iOS</a> and <a href="https://market.android.com/details?id=com.karmascience.gifts">Android</a>.</p>
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		<title>Klout Confirms Mega Funding Round</title>
		<link>http://allthingsd.com/20120103/klout-confirms-mega-funding-round/</link>
		<comments>http://allthingsd.com/20120103/klout-confirms-mega-funding-round/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 21:56:56 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Bing Gordon]]></category>
		<category><![CDATA[Chi-Hua Chien]]></category>
		<category><![CDATA[ff Venture Capital]]></category>
		<category><![CDATA[Greycroft Partners]]></category>
		<category><![CDATA[Institutional Venture Partners]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Klout]]></category>
		<category><![CDATA[Venrock]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=159397</guid>
		<description><![CDATA[Klout finally confirmed today that it has raised a significant round of Series C funding.]]></description>
			<content:encoded><![CDATA[<p><a href="http://klout.com/">Klout</a> confirmed today that it has raised Series C funding &#8212; a round that actually closed back in November and had been a bit of an <a href="http://www.businessinsider.com/klout-series-c-funding-rumors-2012-1">open secret</a> in tech circles for the past couple months.</p>
<p><a href="http://allthingsd.com/files/2012/01/Klout.png"><img class="alignright size-medium wp-image-159435" title="Klout" src="http://allthingsd.com/files/2012/01/Klout-380x266.png" alt="" width="304" height="213" /></a>Klout CEO Joe Fernandez said Kleiner Perkins lead the round, with Chi-Hua Chien joining the Klout board. KP partner Bing Gordon is also staying on the board. Fernandez wouldn&#8217;t comment on the price or valuation but called it a &#8220;strong round.&#8221;</p>
<p>Sources said the funding closed back in November and valued the company at about $200 million.</p>
<p>Other backers who participated included Institutional Venture Partners, Venrock, Greycroft Partners and ff Venture Capital.</p>
<p>Klout&#8217;s main product is a scoring system that measures people&#8217;s influence and reach on sites like Twitter, Facebook and Google+ &#8212; something that social media marketing types pay a lot of attention to. The concept of Klout scores has been somewhat controversial, but that seems natural for a system that quantifies a person&#8217;s worth.</p>
<p>Klout&#8217;s mission, said Fernandez, is &#8220;to empower every person by unlocking their influence.&#8221; He said Klout now handles 10 billion API calls per month, up from 100 million per month in January 2010.</p>
<p>Klout last raised $8.5 million a year ago. Its current business model is Klout Perks, where marketers can target influential people with free stuff. Fernandez said Perks are going well, with 300,000 people having received them last year, but &#8220;there&#8217;s a lot more we can evolve to.&#8221;</p>
<p>&nbsp;</p>
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		<title>Sequoia Grabs Googler to Head New Comms Role Aimed at Helping Entrepreneurs</title>
		<link>http://allthingsd.com/20111229/sequoia-grabs-googler-to-head-new-comms-role-to-help-entrepreneurs/</link>
		<comments>http://allthingsd.com/20111229/sequoia-grabs-googler-to-head-new-comms-role-to-help-entrepreneurs/#comments</comments>
		<pubDate>Thu, 29 Dec 2011 20:22:26 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Andreessen Horowitz]]></category>
		<category><![CDATA[Andrew Kovacs]]></category>
		<category><![CDATA[communications]]></category>
		<category><![CDATA[DropBox]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Eventbrite]]></category>
		<category><![CDATA[firm]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Mark Dempster]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[public relations]]></category>
		<category><![CDATA[Rachel Whetstone]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[Sequoia Capital]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Start-up]]></category>
		<category><![CDATA[Tumblr]]></category>
		<category><![CDATA[venture]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=158098</guid>
		<description><![CDATA[The move to beef up communications expertise at the prominent Silicon Valley venture firm continues.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111229/sequoia-grabs-googler-to-head-new-comms-role-to-help-entrepreneurs/a-kovacs-photo/" rel="attachment wp-att-158117"><img src="http://allthingsd.com/files/2011/12/A-Kovacs-photo-188x285.png" alt="" title="A Kovacs photo" width="188" height="285" class="alignright size-medium wp-image-158117" /></a></p>
<p>The move to beef up communications expertise at the prominent Silicon Valley venture firm continues: Sequoia Capital has hired Andrew Kovacs, a well-regarded senior manager from Google, for a new job to help its portfolio companies with public relations and other related issues, sources said.</p>
<p>Google&#8217;s top flack Rachel Whetstone told staff about the move this past week, sources said, which will take place in mid-January.</p>
<p>Kovacs (pictured here, looking <em>very</em> GQ), who has been at the search giant for five years, has most recently headed PR for its apps unit. </p>
<p>His appointment comes after competing firms, including <a href="http://allthingsd.com/20100614/outcasts-wennmachers-joins-andreessen-horowitz-as-partner/">Andreessen Horowitz</a> and <a href="http://allthingsd.com/20110415/like-andreessen-horowitz-kleiner-hires-marketing-partner-for-silicon-valley-vc-firm/">Kleiner Perkins</a>, bolstered talent to the comms areas of their firms, in order to better service the companies they invest in.</p>
<p>This is especially important to early-stage start-ups and their often young entrepreneurs, who usually have little experience with the media or with marketing. But such expertise is increasingly important in the crowded and ever-noisier tech sector, as companies try to rise above the fray.</p>
<p>Sequoia already has a longtime marketing partner, Mark Dempster, to whom Kovacs will be reporting, serving the firm&#8217;s companies in the U.S. and Israel. Kovacs will not be working on PR for Sequoia itself.</p>
<p>Some of Sequoia&#8217;s better-known start-ups include Dropbox, Tumblr and Eventbrite.</p>
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		<title>Former Palm and Twitter Techie Mike Abbott Jumps From EIR at Benchmark to Kleiner Partner</title>
		<link>http://allthingsd.com/20111201/former-palm-and-twitter-techie-mike-abbott-jumps-from-eir-at-benchmark-to-kleiner-partner/</link>
		<comments>http://allthingsd.com/20111201/former-palm-and-twitter-techie-mike-abbott-jumps-from-eir-at-benchmark-to-kleiner-partner/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 19:00:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Benchmark Capital]]></category>
		<category><![CDATA[Bing Gordon]]></category>
		<category><![CDATA[clud]]></category>
		<category><![CDATA[communications]]></category>
		<category><![CDATA[Dick Costolo]]></category>
		<category><![CDATA[EIR]]></category>
		<category><![CDATA[engineering]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[entrepreneur in residence]]></category>
		<category><![CDATA[Fail Whale]]></category>
		<category><![CDATA[firm]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[interview]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Mary Meeker]]></category>
		<category><![CDATA[Mike Abbott]]></category>
		<category><![CDATA[outage]]></category>
		<category><![CDATA[Palm]]></category>
		<category><![CDATA[partner]]></category>
		<category><![CDATA[platform]]></category>
		<category><![CDATA[press release]]></category>
		<category><![CDATA[Sand Hill Road]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[Ted Schlein]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[venture]]></category>
		<category><![CDATA[WebOS]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=149086</guid>
		<description><![CDATA[Well, that didn't last long, Mike, but maybe the food was better at 2750 Sand Hill Road than at 2480 Sand Hill Road.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111201/former-palm-and-twitter-techie-mike-abbott-jumps-from-eir-at-benchmark-to-kleiner-partner/img_8084_mike/" rel="attachment wp-att-149428"><img src="http://allthingsd.com/files/2011/12/IMG_8084_Mike-370x285.png" alt="" title="IMG_8084_Mike" width="370" height="285" class="alignright size-medium wp-image-149428" /></a></p>
<p>Kleiner Perkins has nabbed former Twitter engineering head Mike Abbott, who <a href="http://allthingsd.com/20111013/exclusive-vp-engineering-mike-abbott-departs/">left the social communications company less than two months ago</a> to be an entrepreneur in residence at Benchmark Capital. </p>
<p>(Well, that didn&#8217;t last long, Mike, but maybe the food was better at 2750 Sand Hill Road than at 2480 Sand Hill Road.)</p>
<p>In an interview this morning, Abbott said that he hopes to stay a VC for 20 years (<em>yipes!</em>), since it allows him to work closely with a wide range of entrepreneurs and also get a broad view across a spectrum of businesses.</p>
<p>&#8220;I am really energized about what&#8217;s been happening in a lot of places like software,&#8221; he said. &#8220;From my experience, I think I bring a lot of differentiation for the companies Kleiner is invested in.&#8221;</p>
<p>And tech cred too. &#8220;We think engineers will be thrilled to have access to Mike and he&#8217;s a magnet for talent,&#8221; said Kleiner partner Ted Schlein, who compared him to all the comic-book heroes, The Avengers, in one person. &#8220;Mike is multi-faceted.&#8221; </p>
<p>Abbott was indeed a high-profile hire for Twitter a little over a year ago from Palm, where he served as head of its software and services, in charge of its webOS mobile platform.</p>
<p>He was brought in to provide a level of discipline and reliability to the Twitter communications platform and service, which had been plagued by persistent outages that made the Fail Whale infamous.</p>
<p>Abbott will focus on social, mobile and cloud investments at the well-known Silicon Valley venture firm while working on a team that includes high-profile players Mary Meeker and Bing Gordon.</p>
<p>Here&#8217;s the official press release:</p>
<blockquote class="memo"><p><strong>Michael Abbott Joins Kleiner Perkins Caufield &#038; Byers as Partner</p>
<p>Engineering Leader to Help Social, Mobile and Cloud Entrepreneurs Build Teams and Ventures </p>
<p>MENLO PARK, Calif., December 1, 2011 &#8211;</strong> Kleiner Perkins Caufield &#038; Byers (KPCB) today announced that Mike Abbott, former vice president of engineering at Twitter, has joined the firm as a partner on its digital team. Abbott led the building of innovative, high-performance applications and services at Twitter, Palm and Microsoft. With a deep background in social and mobile applications and infrastructure, Mike is also an expert in enterprise infrastructure and cloud computing and &#8220;big data&#8221; businesses, having founded Composite Software, and advised Cloudera and Jawbone.</p>
<p>&#8220;I&#8217;m excited to join KPCB&#8217;s partners to build new ventures faster,&#8221; said Abbott. &#8220;The partner mix of founders, operators and investors is ideal for entrepreneurs racing to scale at this disruptive time.&#8221;</p>
<p>&#8220;Mike is an exceptional and well-respected leader with an outstanding track record shipping great products,&#8221; said Ted Schlein, partner, KPCB. &#8220;Mike&#8217;s deep expertise from Palm and Twitter will help social, mobile and cloud entrepreneurs win.&#8221;</p>
<p>Dick Costolo, CEO of Twitter, said, &#8220;Mike is a huge engineering talent and will be a terrific asset to Kleiner’s technology companies. He was instrumental in helping us scale Twitter&#8217;s architecture to support incredible growth  ̶ from 100 million daily Tweets in January 2011 to about 250 million daily tweets today.&#8221;</p>
<p>In less than a year and a half, Abbott grew the Twitter engineering team from 80 to more than 350 engineers in an intensely competitive recruiting market. Abbott&#8217;s team rebuilt and solidified Twitter&#8217;s infrastructure. Prior to joining Twitter in 2010, Abbott led the software development team at Palm that created HP/Palm’s next-generation webOS platform. Abbott was previously the general manager at Microsoft for .NET online services, which became Azure. Prior to that, he co-founded Passenger Inc. and founded Composite Software. Abbott has advised and invested in numerous software companies such as Cloudera, Hearsay Labs, Saynow and Jawbone. </p>
<p>Mike Abbott is just the third senior KPCB partner added in three years, joining Bing Gordon and Mary Meeker, each with exceptional records serving mobile, social and cloud entrepreneurs. KPCB&#8217;s digital team also bolstered its infrastructure expertise with the recent addition of Ray Bradford from Amazon Web Services, where he helped grow the company&#8217;s cloud database business.</p></blockquote>
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		<title>Roadshow: CEO Pincus Not Selling Shares in Upcoming Zynga IPO</title>
		<link>http://allthingsd.com/20111129/roadshow-ceo-pincus-not-selling-shares-in-zynga-ipo/</link>
		<comments>http://allthingsd.com/20111129/roadshow-ceo-pincus-not-selling-shares-in-zynga-ipo/#comments</comments>
		<pubDate>Wed, 30 Nov 2011 06:01:45 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[allegation]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Avalon Ventures]]></category>
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		<category><![CDATA[benefit]]></category>
		<category><![CDATA[Bill Gates]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Class B]]></category>
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		<category><![CDATA[culture]]></category>
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		<category><![CDATA[initial public offering]]></category>
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		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Jeff Bezos]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=148424</guid>
		<description><![CDATA[While he has recently been portrayed as Mr. Potter of Silicon Valley, it looks like the online gaming leader will not get greedy in the IPO.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111129/roadshow-ceo-pincus-not-selling-shares-in-zynga-ipo/0119_mark-pincus_280x340-feature/" rel="attachment wp-att-148436"><img src="http://allthingsd.com/files/2011/11/0119_mark-pincus_280x340-feature-380x285.png" alt="" title="0119_mark-pincus_280x340-feature" width="380" height="285" class="alignright size-medium wp-image-148436" /></a></p>
<p>According to sources close to the situation, neither CEO Mark Pincus nor one of its principal venture shareholders, Kleiner Perkins, will be selling any shares in its upcoming initial public offering. </p>
<p>While big investors often divest stock in IPOs, not all do. It is a carefully watched number by investors, who are always wary of insiders who unload a lot of shares in an offering.</p>
<p>But such activity by the fast-growing San Francisco online gaming company will be watched carefully since Pincus has <a href="http://dealbook.nytimes.com/2011/11/27/zyngas-tough-culture-risks-a-talent-drain/">recently been painted</a> in a number of press reports as the greedy Mr. Potter of Silicon Valley.</p>
<p>Among the allegations is that he runs a poisonously tough culture that tracks its employees&#8217; output and performance via elaborate data models that require extraordinary amounts of work, along with nefarious list-making of who&#8217;s naughty and who&#8217;s not.</p>
<p>That big-brother behavior has reportedly included taking away high-ranking jobs and the sweet stock options that go along with them from those execs found wanting.</p>
<p>While there is no doubt Pincus is a hard-charging personality, his defenders note that it&#8217;s due to a belief that life at Zynga is a meritocracy and that his practices are not any more heavy-handed than those at other firms.</p>
<p>Indeed, Pincus has a lot of competition in the tough-guy tech CEO category from longtime legends such as Microsoft&#8217;s Bill Gates, who set the gold standard for mean, as well as Amazon&#8217;s Jeff Bezos and now Google CEO Larry Page. </p>
<p>Pincus does not even rate in this pantheon, which is more typical of tech companies than anyone would care to admit or, to be fair, care to care about. With big benefits, vast wealth and much latitude, many in tech don&#8217;t mind the grueling work schedules. </p>
<p>After all, it&#8217;s not exactly ditch-digging, now is it?</p>
<p>In any case, sources said the coverage has hit Zynga staff hard, as well as Pincus, who has not responded due to the IPO&#8217;s quiet period. That&#8217;s in contrast to Groupon, the daily-deals site whose own rough process was rife with highly negative stories about the company&#8217;s prospects.</p>
<p>While those media accounts were more aimed at the business itself and less personal, Groupon CEO Andrew Mason vociferously defended the company in a controversial letter that was then leaked and published (<a href="http://allthingsd.com/20110825/exclusive-groupons-mason-tells-troops-in-feisty-internal-memo-it-looks-good/">to me and by me!</a>). </p>
<p>Pincus will doubtlessly have a lot to say to investors who ask about the company&#8217;s culture and its possible negative impact on attrition, as some stories have charged. </p>
<p>His decision not to sell, sources said, was inspired by Zynga investor and close friend Reid Hoffman, who has sold very little of the stock of LinkedIn, where he serves as chairman.</p>
<p>The action all begins next week, according to <a href="http://finance.fortune.cnn.com/2011/11/29/zyngas-ipo-roadshow-begins-monday/">multiple reports</a>, when Zynga takes its show on the road in preparation for an IPO that is expected to value the company at $15 to $20 billion and will take place before the new year.</p>
<p>It will debut under the ZNGA ticker on the Nasdaq market.</p>
<p>While some have been worried about Zynga&#8217;s future growth, its past performance has been a lot stronger than other Internet offerings. In the first nine months of the year, the company posted $828.9 million in revenue, double the amount from a year ago, with net income of $30.7 million.</p>
<p>Pincus&#8217;s holding onto shares will be seen as a plus, of course, although he has sold a large amount of stock in Zynga&#8217;s history.</p>
<p>According to its S-1 filing:</p>
<p>&#8220;From our inception in October 2007 to date, Mr. Pincus, our Chief Executive Officer, Chief Product Officer and the Chairman of our Board of Directors, has purchased an aggregate of 149,197,328 shares of our common stock. To date, Mr. Pincus has sold an aggregate of 43,629,310 shares of our common stock at prices ranging from $0.42 to $13.96.&#8221;</p>
<p>Pincus now holds 91.4 million of Class B shares, 16 percent of the total, as well as 20.5 million of Class C shares, 38 percent of that group. Kleiner holds 65.2 million shares, or 11.2 percent, of Class B shares. </p>
<p>Other big Zynga owners, who might or might not sell at the IPO, include Institutional Venture Partners, Union Square Ventures, Foundry Venture Capital and Avalon Ventures. </p>
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		<title>A Year Later, Google Joins Kleiner Perkins sFund</title>
		<link>http://allthingsd.com/20111111/a-year-later-google-joins-kleiner-perkins-sfund/</link>
		<comments>http://allthingsd.com/20111111/a-year-later-google-joins-kleiner-perkins-sfund/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 19:15:35 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Allen & Co.]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[sFund]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=143250</guid>
		<description><![CDATA[Google has added its money to Kleiner Perkins' sFund, joining launch partners Zynga, Comcast, Allen &#038; Co., Amazon and Facebook. Given the VC firm was an early investor in Google, the tech giant's lack of participation seemed strange when Kleiner Perkins launched the sFund a year ago. But then again, Google wasn't really doing social a year ago. Google just bought Katango, the sFund's first investment and its first exit.]]></description>
			<content:encoded><![CDATA[<p>Google has added its money to Kleiner Perkins&#8217; sFund, joining <a href="http://allthingsd.com/20101021/liveblogging-unveiling-of-the-sfund-at-facebook-with-guest-stars-kleiner-amazon-and-zynga/">launch partners</a> Zynga, Comcast, Allen &#038; Co., Amazon and Facebook. Given that the VC firm was an early investor in Google, the tech giant&#8217;s lack of participation seemed strange when Kleiner Perkins <a href="http://allthingsd.com/20101021/liveblogging-unveiling-of-the-sfund-at-facebook-with-guest-stars-kleiner-amazon-and-zynga/">launched the sFund a year ago</a>. But then again, Google wasn&#8217;t really doing social a year ago. Google just <a href="http://allthingsd.com/20111110/google-buys-automated-friend-manager-katango/">bought Katango</a>, the sFund&#8217;s first investment and its first exit. </p>
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		<title>Google Buys Automated Friend Manager Katango</title>
		<link>http://allthingsd.com/20111110/google-buys-automated-friend-manager-katango/</link>
		<comments>http://allthingsd.com/20111110/google-buys-automated-friend-manager-katango/#comments</comments>
		<pubDate>Thu, 10 Nov 2011 23:22:28 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Katango]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=143059</guid>
		<description><![CDATA[Google has acquired Katango, a start-up that analyzed Facebook friend lists to generate lists of related people so that users could better segment their social networks. Since Katango launched, both Google+ and Facebook have introduced similar functionality (though not as automated as Katango), so an acquisition by Google seems like the best possible outcome for the start-up, which had raised $5 million from Kleiner Perkins.]]></description>
			<content:encoded><![CDATA[<p>Google has <a href="https://s3.amazonaws.com/static.katango.com/announcement.html">acquired Katango</a>, a start-up that <a href="http://allthingsd.com/20110711/katango-takes-an-algorithmic-approach-to-the-google-circles-problem/">analyzed Facebook friend lists</a> to generate lists of related people so that users could better segment their social networks. Since Katango launched, both Google+ and <a href="http://allthingsd.com/20110913/facebook-gets-with-the-modern-friending-program-adds-smart-lists/">Facebook</a> have introduced similar functionality (though not as automated as Katango), so an acquisition by Google seems like the best possible outcome for the start-up, which had raised $5 million from Kleiner Perkins.</p>
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		<title>The Globalization of D: All Things Digital Begins Now</title>
		<link>http://allthingsd.com/20111018/asiad-essay/</link>
		<comments>http://allthingsd.com/20111018/asiad-essay/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 00:00:00 +0000</pubDate>
		<dc:creator>Kara Swisher and Walt Mossberg</dc:creator>
				<category><![CDATA[AsiaD]]></category>
		<category><![CDATA[Commerce]]></category>
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		<category><![CDATA[D]]></category>
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		<category><![CDATA[Mobile]]></category>
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		<category><![CDATA[Social]]></category>
		<category><![CDATA[AirBnB]]></category>
		<category><![CDATA[Al Gore]]></category>
		<category><![CDATA[Alibaba]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Andy Lees]]></category>
		<category><![CDATA[Andy Rubin]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Asus]]></category>
		<category><![CDATA[Bradley Horowitz]]></category>
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		<category><![CDATA[Current TV]]></category>
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		<category><![CDATA[Google]]></category>
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		<category><![CDATA[Jen Hsun Huang]]></category>
		<category><![CDATA[Jerry Yang]]></category>
		<category><![CDATA[John Roese]]></category>
		<category><![CDATA[Jonney Shih]]></category>
		<category><![CDATA[Joyus]]></category>
		<category><![CDATA[Kazuo Hirai]]></category>
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		<category><![CDATA[Nobel Peace Prize]]></category>
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		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Sony]]></category>
		<category><![CDATA[Square]]></category>
		<category><![CDATA[Sukhinder Singh Cassidy]]></category>
		<category><![CDATA[SurveyMonkey]]></category>
		<category><![CDATA[Tim O'Shaughnessy]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=133141</guid>
		<description><![CDATA[And so our international expansion of D: All Thing Digital starts and we could not be more proud that it begins here in Hong Kong, with AsiaD. So why Asia? It seemed the most obvious choice for us, as we looked at the global landscape for tech.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2011/10/asiad-pillars.png"><img src="http://allthingsd.com/files/2011/10/asiad-pillars-380x253.png" alt="" title="asiad-pillars" width="380" height="253" class="alignright size-medium wp-image-133419" /></a>And so our international expansion of <strong>D: All Thing Digital</strong> starts and we could not be more proud that it begins here in Hong Kong, with <strong>AsiaD</strong>.</p>
<p>So why Asia? It seemed the most obvious choice for us, as we looked at the global landscape for tech. While the whole world has now been engulfed in the powerful trends of digitalization, perhaps nowhere else has been as important a place for understanding where it is headed next than this region, which is home to companies critical to the next phase of innovation.</p>
<p>There&#8217;s no question that Silicon Valley, which has been the base for most of the key players &#8212; such as Google, Apple, Facebook and more &#8212; has driven the digital revolution over the past decade. But as we look out onto what&#8217;s to come, it&#8217;s clear to us and many others that what&#8217;s coming next and even the next great company might be born here.</p>
<p>That&#8217;s why we have created a conference that mixes both important speakers from U.S. tech and also from all over Asia. </p>
<p>Given that smartphones are in ascendance globally, having <a href="http://allthingsd.com/tag/andy-rubin/">Andy Rubin</a>, who runs Google&#8217;s Android efforts, is a no-brainer. The longtime mobile exec is at the top of an aggressive push by the Internet giant to dominate the important sector across the world.</p>
<p>Speaking of domination, Alibaba Group&#8217;s <a href="http://allthingsd.com/tag/jack-ma/">Jack Ma</a> efforts to make the company a powerhouse in China and elsewhere are hard to ignore. His recent tussle and interest in Yahoo, as he has built a wide-ranging Internet giant, should make for an interesting interview.</p>
<p>Expect a deep dive into what makes the future Web work with Twitter and Square founder <a href="http://allthingsd.com/tag/jack-dorsey/">Jack Dorsey</a>, who is someone breaking new ground as he tears down old digital paradigms. With Twitter, Dorsey redefined the real-time world and how the virtual one communicates; with Square, he is upending the payments arena.</p>
<p>Nvidia is not only a pioneer of graphics chips, but now its processors are widely used in the latest mobile devices. That&#8217;s why its founder and CEO <a href="http://allthingsd.com/tag/jen-hsun-huang/">Jen-Hsun Huang</a> has a lot to say about the future of the fastest-growing sector of computing, from smartphones to tablets and whatever&#8217;s next.</p>
<p>Asus Chairman <a href="http://allthingsd.com/tag/jonney-shih/">Jonney Shih</a> has presided over the Taiwanese tech giant since the early 1990s. Most recently, the company pioneered the netbook market and is now plunging deeply into the tablet business, making Shih perfect to discuss these key issues in Asia and around the world.</p>
<p><a href="http://allthingsd.com/tag/kazuo-hirai/">Kazuo &#8220;Kaz&#8221; Hirai</a> is widely considered the second in command at the consumer electronics giant Sony, in charge of its key computer entertainment division, as well as now serving as executive deputy president of the whole company. As Sony struggles to reassert its dominance in tech, Hirai will be a key player in that effort.</p>
<p><a href="http://allthingsd.com/tag/bradley-horowitz/">Bradley Horowitz</a> &#8212; as head of product management for Google+, the search giant’s aggressive effort to break Facebook’s hammerlock on social networking &#8212; has a perfect perspective to talk about the fast-growing area and where it is going globally. With locally-based social companies springing up all over Asia, can Google establish one the whole world will use? </p>
<p>At Microsoft, <a href="http://allthingsd.com/tag/andy-lees/">Andy Lees</a> is leading one of the software giant&#8217;s most important initiatives, as president of its Windows Phone division. His come-from-behind-Google-and-Apple job includes mobile software and hardware, as well as its key partnership with Nokia, and Lees will need to win in markets globally, especially in Asia.</p>
<p><a href="http://allthingsd.com/tag/peter-chernin/">Peter Chernin</a> is one of Hollywood&#8217;s top players and execs. But he&#8217;s also been increasingly active in media investing in Asia of late, and has a lot to say about the global nature of entertainment in the digital age.</p>
<p><a href="http://allthingsd.com/tag/john-roese/">John Roese</a> heads the North American R&amp;D team for Huawei, the Chinese telecom giant making everything from heavy-duty gear for networks to mobile phones and tablets. Roese will also talk about the phenomenon of a Chinese-owned company emerging on the world technology stage.</p>
<p>We also felt that it was important to hear from Silicon Valley start-ups, which have enjoyed unprecedented growth and funding in the Web 2.0 era. But as they seek to expand beyond the U.S., a critical move for them all, we&#8217;ve assembled a panel of entrepreneurs to discuss it, including: <a href="http://allthingsd.com/tag/brian-chesky/">Brian Chesky</a>, CEO and co-founder of Airbnb, the popular online vacation rental site; former Google exec <a href="http://allthingsd.com/tag/sukhinder-singh-cassidy/">Sukhinder Singh Cassidy</a>, who is running the recently funded Joyus, a new premium video commerce site trying to pioneer a new way to shop online; and <a href="http://allthingsd.com/tag/dave-goldberg/">David Goldberg</a>, who is now running one of tech&#8217;s most successful start-ups at SurveyMonkey, the dominant online survey company.</p>
<p>Yahoo co-founder and former CEO <a href="http://allthingsd.com/tag/jerry-yang/">Jerry Yang</a>, who will appear with the Internet giant&#8217;s Asia head <a href="http://allthingsd.com/tag/rose-tsou/">Rose Tsou</a>, needs little introduction. For all of the noise around the company these days, Yahoo has a huge footprint in the region, maintains a big e-commerce business there and holds massive stakes in key firms, such as Yahoo Japan and China’s Alibaba. </p>
<p>And so does LivingSocial, whose CEO and co-founder <a href="http://allthingsd.com/tag/tim-oshaughnessy/">Tim O’Shaughnessy</a>, who will appear along with founders of two of its Asian units, <a href="http://allthingsd.com/tag/daniel-shin/">Daniel Shin</a> and <a href="http://allthingsd.com/tag/paul-srivorakul/">Paul Srivorakul</a>, which the daily deals site just bought as part of its aggressive move into Asia.</p>
<p>Because of Samsung&#8217;s increasing importance as a global player in smartphones and tablets, it was natural to invite <a href="http://allthingsd.com/tag/dr-won-pyo-hong/">Dr. Won-Pyo Hong</a>, who heads global product strategy for the Korean giant&#8217;s mobile business. That has surged in the past year to make Samsung a leader in Android-based phones and tablets, and a significant challenger to Apple.</p>
<p>Also key in the mobile arena is <a href="http://allthingsd.com/tag/cher-wang/">Cher Wang</a>, chairman of HTC, the important and innovative handset and tablet maker which has been a key player in Android&#8217;s success story. Add to that HTC buying an operating system, which would further strengthen its hand in the competitive market, and it&#8217;s clear it is in a pole position on the critical mobile market going forward.</p>
<p>Finally, we are also glad to bring back <a href="http://allthingsd.com/tag/al-gore/">Al Gore</a>, who had a memorable interview at the fourth <strong>D: All Things Digital</strong> conference in 2006. The former VP and Nobel Peace Prize winner is now chairman of Current TV and also continues as a prominent environmental activist. He is also on the board of Apple, while also being a senior adviser to Google, as well as a partner in the famed Silicon Valley venture capital firm, Kleiner Perkins. </p>
<p>In total, along with some very cool demos to show off, it&#8217;s going to be an exciting <strong>AsiaD</strong>, and we are thrilled most of all to welcome our first international audience. So get ready for a busy three days here and we hope you will like what we have to show you.</p>
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		<title>Mary Meeker: 81 Percent of Users of Top Web Sites Are Outside the U.S.</title>
		<link>http://allthingsd.com/20111018/mary-meeker-81-of-users-of-top-web-sites-are-outside-the-u-s/</link>
		<comments>http://allthingsd.com/20111018/mary-meeker-81-of-users-of-top-web-sites-are-outside-the-u-s/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 21:40:10 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[comScore]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Mary Meeker]]></category>
		<category><![CDATA[Shazam]]></category>
		<category><![CDATA[SoundCloud]]></category>
		<category><![CDATA[Spotify]]></category>
		<category><![CDATA[Waze]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=133577</guid>
		<description><![CDATA[The U.S. contributes much of tech innovation but fewer of its users, Mary Meeker said in her periodic rapid-fire macro-view of the tech industry presented today.]]></description>
			<content:encoded><![CDATA[<p>Mary Meeker&#8217;s <a href="http://kpcb.com/internettrends2011">periodic rapid-fire macro-views</a> of the tech industry are closely watched. We got our hands on the Kleiner Perkins partner&#8217;s latest slide deck prior to her presenting it at the Web 2.0 Summit today and have extracted some of the main points. </p>
<p><strong>International</strong>: 81 percent of users of top global Internet properties come from outside the United States, Meeker said, citing comScore data. In three years, China added more Internet users than exist in the U.S. </p>
<p>Still, American companies like Apple, Google, Amazon and Facebook have &#8220;unprecedented&#8221; intensity, focus and innovation and lead the world, Meeker said. But popular applications like Shazam, Spotify, Waze and SoundCloud originated outside of the U.S. before coming stateside.</p>
<p><a href="http://allthingsd.com/files/2011/10/MeekerglobalInternet.png"><img src="http://allthingsd.com/files/2011/10/MeekerglobalInternet.png" alt="" title="MeekerglobalInternet" width="472" height="359" class="aligncenter size-full wp-image-133593" /></a></p>
<p><strong>Mobile</strong>: Meeker is bullish on the growth of smartphones, and highlighted their growing contributions to app usage, search and advertising, though she said it&#8217;s still &#8220;early innings.&#8221; </p>
<p><strong>Sound</strong>: As for transformative interfaces, &#8220;the next big thing(s),&#8221; Meeker proposed, are &#8220;those two big things on the side of your head.&#8221; That is: Your ears. Meeker called out headsets, voice recognition and music sharing as examples. </p>
<p><strong>Commerce</strong>: Meeker highlighted growth in e-commerce, especially mobile commerce, which has created a local renaissance. She said eBay, PayPal, Target, Amazon and Square all will have more than $1 billion in gross mobile sales in 2011.</p>
<p><strong>Empowerment</strong>: &#8220;The mega-trend of the 21st century is empowerment of people via connected mobile devices,&#8221; Meeker said, using the examples of Japanese earthquake tweeting and mobile farming subsidies in India. Wireless signals now have greater global reach than the electrical grid &#8212; 85 percent versus 80 percent, she said, citing the United Nations. </p>
<p>Of course, you can find a lot more detail and analysis packed into the full presentation, which is here: </p>
<p><a title="View KPCB Internet Trends (2011) on Scribd" href="http://www.scribd.com/doc/69309864" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">KPCB Internet Trends (2011)</a><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/69309864/content?start_page=1&#038;view_mode=list" data-auto-height="true" data-aspect-ratio="" scrolling="no" id="doc_68536" width="100%" height="600" frameborder="0"></iframe></p>
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		<title>Final AsiaD Speakers: Apple's Phil Schiller and Former VP Al Gore</title>
		<link>http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/</link>
		<comments>http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/#comments</comments>
		<pubDate>Wed, 05 Oct 2011 00:15:32 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=128535</guid>
		<description><![CDATA[AsiaD is now ready for launch, with a little taste of Apple and the Veep.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111004/final-asiad-speakers-apples-phil-schiller-and-former-vp-al-gore/schillergorecreds/" rel="attachment wp-att-128580"><img src="http://allthingsd.com/files/2011/10/schillergorecreds.png" alt="" title="schillergorecreds" width="380" height="285" class="alignright size-full wp-image-128580" /></a></p>
<p>And then there was Schiller and Gore.</p>
<p>That would be Apple&#8217;s SVP of worldwide product marketing <strong>Phil Schiller</strong> and former Vice President <strong>Al Gore</strong>, who round out the stellar list of speakers at our upcoming <strong>AsiaD</strong> conference.</p>
<p>Taking place from Oct. 19 to 21 in Hong Kong, the <a href="http://allthingsd.com/20110809/more-asiad-speakers-sony-google-microsoft-hollywood-huawei-and-hot-sv-start-ups/?refcat=asiad">lineup is already impressive</a>, with a <a href="http://allthingsd.com/20110912/even-more-asiad-speakers-yahoos-yang-htcs-wang-samsungs-hong-and-more/">mix of speakers</a> from China, Japan, Korea and Taiwan, as well as Silicon Valley and elsewhere.</p>
<p>The previously announced speakers include: Alibaba Group&#8217;s <strong>Jack Ma</strong>; Google Android head <strong>Andy Rubin</strong>; Twitter inventor and product guru, as well as Square co-founder and CEO, <strong>Jack Dorsey</strong>; Nvidia founder and CEO <strong>Jen-Hsun Huang</strong>; Asus Chairman <strong>Jonney Shih</strong>; Sony president and second-in-command <strong>Kazuo &#8220;Kaz&#8221; Hirai</strong>; Google+ guru <strong>Bradley Horowitz</strong>; Hollywood big shot <strong>Peter Chernin</strong>; Huawei&#8217;s North American R&#038;D head <strong>John Roese</strong>; Microsoft&#8217;s Windows Phone head <strong>Andy Lees</strong>; and a panel of Silicon Valley start-up stars &#8212; Joyus&#8217; <strong>Sukhinder Singh Cassidy</strong>, SurveyMonkey&#8217;s <strong>Dave Goldberg</strong> and Airbnb&#8217;s <strong>Brian Chesky</strong>; Yahoo co-founder <strong>Jerry Yang</strong> and Asia head <strong>Rose Tsou</strong>; LivingSocial&#8217;s <strong>Tim O&#8217;Shaughnessy</strong>, along with founders of two of its Asian units, <strong>Daniel Shin</strong> and <strong>Paul Srivorakul</strong>; Samsung mobile head <strong>Dr. Won-Pyo Hong</strong>; HTC CEO <strong>Peter Chou</strong>, who replaces Chairwoman <strong>Cher Wang</strong>. </p>
<p>Schiller, who reports to Apple&#8217;s CEO Tim Cook (and before that, Steve Jobs) is a member of the executive team of the tech icon, where he has worked for 17 years. He is responsible for a swath of Apple&#8217;s outward-facing businesses, including product marketing, developer relations and business marketing. </p>
<p>Today, in fact, he was onstage at Apple&#8217;s iPhone event, outlining some of its new product offerings. In addition, Apple just opened its first retail store in Hong Kong. </p>
<p>Gore, who had a memorable interview at the fourth <strong>D: All Things Digital</strong> conference in 2006, needs little introduction. The former VP and Nobel Peace Prize winner is now chairman of Current TV and also continues as a prominent environmental activist. </p>
<p>Gore is on the board of Apple, while also being a senior adviser to Google, which is a neat trick. At the same time, he is a partner in the famed Silicon Valley venture capital firm, Kleiner Perkins, and co-founder and chairman of Generation Investment Management, a partnership that is focused on sustainable investing.</p>
<p>And, as most people know, he knows a thing or two about the Internet. </p>
<p>Walt Mossberg and I could not think of two better people to add to the lineup we have for <strong>AsiaD</strong>, which has very few seats left.</p>
<p>See you in China in two weeks!</p>
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		<title>Whitman Expected to Get HP CEO Nod After Markets Close (And Not for the Interim, Either)</title>
		<link>http://allthingsd.com/20110922/exclusive-whitman-expected-to-get-ceo-nod-after-markets-close-and-not-for-the-interim-either/</link>
		<comments>http://allthingsd.com/20110922/exclusive-whitman-expected-to-get-ceo-nod-after-markets-close-and-not-for-the-interim-either/#comments</comments>
		<pubDate>Thu, 22 Sep 2011 15:46:25 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=123690</guid>
		<description><![CDATA[It looks like former eBay CEO Meg Whitman could be back in a big role at the Silicon Valley tech giant very soon. Like today.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110922/exclusive-whitman-expected-to-get-ceo-nod-after-markets-close-and-not-for-the-interim-either/meg-whitman/" rel="attachment wp-att-123698"><img src="http://allthingsd.com/files/2011/09/meg-whitman-380x224.png" alt="" title="meg-whitman" width="380" height="224" class="alignright size-medium wp-image-123698" /></a></p>
<p>Former eBay CEO Meg Whitman is poised to be named the new CEO of Hewlett-Packard later today after the markets are closed, said multiple sources close to the situation.</p>
<p>The full board of HP, which is meeting today in Silicon Valley, has not officially voted on the move and the situation could certainly change, but sources said it is nearly a done deal.</p>
<p><strong>AllThingsD</strong> <a href="http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/">first reported on the CEO crisis at HP</a> yesterday.</p>
<p>While there has been much speculation that the well-known Silicon Valley exec would be only an interim CEO for the troubled tech giant, several sources with knowledge of the situation said that she will be taking over leadership on a long-term basis.</p>
<p>At least that&#8217;s the plan &#8212; HP has had seven CEOs since 1999 and its current one, Léo Apotheker, has only been in the job for 11 months.</p>
<p>He will be fired, of course, with a <a href="http://allthingsd.com/20110921/what-will-leo-apotheker-walk-away-with-if-hes-fired/">nice, big (and appalling, considering the 47 percent drop in HP stock in his tenure) severance package</a> as a goodbye-on-your-way-out.</p>
<p>As I wrote <a href="http://allthingsd.com/20110922/tick-tick-tick-hp-board-the-time-to-act-is-today/">earlier today about HP&#8217;s need to act soon</a>: &#8220;That&#8217;s more corporate marriages and exec beheadings than England&#8217;s Henry VIII!&#8221;</p>
<p>Whitman, who is nothing if not confident, is presumably going to try to keep her head about her, even though she faces a daunting task.</p>
<p>&#8220;Meg is not someone who wants to be a steward of a process to find another CEO for HP,&#8221; said one source. &#8220;She wants to run the company and be a strong leader for what she considers an important tech powerhouse.&#8221;</p>
<p>That makes sense, since at only 55 years old, sources said Whitman is not inclined to want to do a temporary fix-it job on a company as troubled and complex as HP.</p>
<p>Sources said Whitman has been contemplating taking another big exec job, after a 10-year stint at eBay, which was followed by an unsuccessful run as the Republican nominee for governor of California last year. Since then, she has been a <a href="http://allthingsd.com/20110329/meg-whitman-joins-kleiner-perkins-to-try-hand-at-advising-start-ups/">part-time consultant</a> at top venture firm Kleiner Perkins.</p>
<p>Her role there &#8212; which has largely been seen as a temporary one &#8212; has included acting as a strategic adviser to start-ups and evaluating investment opportunities. Extraordinarily wealthy from her stint at eBay, she has also been active with her family foundation.</p>
<p>Turning to Whitman would not be a surprise, given there are few execs in tech experienced enough to run such a large and complex organization as HP. </p>
<p>But Whitman will face a lot of scrutiny if she takes the job running HP, which has been rocked by sudden strategic shifts and failed forecasts as its markets have gotten increasingly competitive.</p>
<p>The stock has been hammered, of course, but <a href="http://allthingsd.com/20110921/hp-shares-soar-on-apotheker-ouster-possibility-by-board/">rose sharply</a> on the news of a change in top leadership yesterday. </p>
<p>HP shares are down five percent today, mostly due to the turmoil in the markets at large due to more significant global economic concerns.</p>
<p>Also of likely concern to investors is the fact that her experience has been in the consumer arena and not the enterprise or hardware space that HP plays most strongly in.</p>
<p>Interestingly, Whitman has recently hired her longtime communications consigliere Henry Gomez, who worked with her at eBay and also in her unsuccessful run for governor of California, as a consultant. </p>
<p>Which means, of course, the likelihood of some big news to manage.</p>
<p>More to come, of course, and I suppose it will soon be appropriate to extend a hearty welcome back to the tech show to Whitman (whom I&#8217;ve covered since her appointment as eBay CEO back in the day).</p>
<p>And, of course, to remind her: Uneasy lies the head that wears the crown.</p>
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		<title>Former eBay CEO Meg Whitman Being Considered for HP CEO Job to Replace Apotheker</title>
		<link>http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/</link>
		<comments>http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 15:05:59 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=122967</guid>
		<description><![CDATA[Would the former Internet exec star be open to running one of Silicon Valley's most notoriously difficult companies?

Sources say yes, indeedy.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/meg0016_0-feature/" rel="attachment wp-att-122987"><img src="http://allthingsd.com/files/2011/09/meg0016_0-feature-380x285.png" alt="" title="meg0016_0-feature" width="380" height="285" class="alignright size-medium wp-image-122987" /></a></p>
<p>Former eBay CEO Meg Whitman is being considered by Hewlett-Packard directors as a possible candidate for CEO, in a move that would replace its current leader Léo Apotheker, according to several sources close to the situation.</p>
<p>The appointment of Whitman &#8212; a longtime and experienced Silicon Valley exec, who joined the board of Hewlett-Packard in January &#8212; to the top job at HP is by no means a done deal, sources said.</p>
<p>But a significant contingent on the board is keen to remove Apotheker after what some directors consider a series of management mishaps.</p>
<p>If it occurs, it would be the second major CEO ouster in a short time &#8212; Yahoo <a href="http://allthingsd.com/20110916/what-was-behind-the-timing-of-yahoo-ceo-carol-bartzs-abrupt-ouster/">recently fired its CEO Carol Bartz due to lackluster performance</a>.</p>
<p>[<strong>UPDATE:</strong> Wall Street seems to like the Apotheker-gone idea, with HP shares spiking almost eight percent on our news, as well as a simultaneous <a href="http://www.bloomberg.com/news/2011-09-21/hp-s-board-is-said-to-weigh-ousting-apotheker-after-less-than-year-as-ceo.html">Bloomberg report</a>. The rise has added almost $3 billion to HP's market valuation.]</p>
<p>In addition, sources said Whitman has been contemplating taking another big exec job, after a 10-year stint at eBay, which was followed by an unsuccessful run as the Republican nominee for governor of California last year. Since then, she has been a <a href="http://allthingsd.com/20110329/meg-whitman-joins-kleiner-perkins-to-try-hand-at-advising-start-ups/">part-time consultant</a> at top venture firm Kleiner Perkins.</p>
<p>Her role there &#8212; which has largely been seen as a temporary one &#8212; has included acting as a strategic adviser to start-ups and evaluating investment opportunities.</p>
<p>Sources said Whitman &#8212; who has also been active with her family foundation &#8212; has shown some interest in talking about taking the HP job. </p>
<p>Turning to Whitman would not be a surprise, given there are few execs in tech experienced enough to run such a large and complex organization as HP. </p>
<p>Still, her expertise has mostly been in the consumer space and she has never run what is largely a hardware company and one with major enterprise clients.</p>
<p>So, if appointed, Whitman would need a lot of help, especially to fix one with as many troubles as HP has seen of late. </p>
<p>That is why the <a href="http://allthingsd.com/20110921/hp-board-meets-after-palm-turmoil-so-whats-the-next-shoe-to-drop/">board has been meeting by phone and in person</a> this week to talk about a range of issues, focused in part on how to spin the company out of its current cycle of bad news and what to do about the situation.</p>
<p>Its most recent spate of trouble was the announcement of <a href="http://allthingsd.com/20110919/layoffs-at-hps-palm-division/">layoffs of hundreds of employees in its Palm division</a>.</p>
<p>This inevitable move to jettison Palm employees came after HP&#8217;s sudden news in August that it was <a href="http://allthingsd.com/20110818/breaking-hp-makes-big-shift-on-webos-exiting-hardware-business/">shuttering its webOS hardware business</a>.</p>
<p>Add to that a proposed class action lawsuit, filed Sept. 13 in the U.S. District Court for Central California, along with another handful of law firms that are launching their own investigations of HP over the move.</p>
<p>In the suit, according to a <a href="http://allthingsd.com/20110916/the-number-of-securities-lawyers-circling-hp-is-growing/">report by Arik Hesseldahl</a>, an &#8220;HP shareholder named Richard Gammel alleged that comments by CEO Léo Apotheker &#8212; concerning the company&#8217;s earnings expectations, the importance of its personal computer business and plans to move ahead with devices running the webOS operating system &#8212; gave a vastly different indication of actions HP took on Aug. 18, when it killed the webOS hardware business and announced plans to spin off the PC business and spend $10 billion to acquire Autonomy.&#8221;</p>
<p>In other words, lots to discuss for HP&#8217;s directors, who have been under siege, essentially, ever since the <a href="http://allthingsd.com/20100806/hp-ceo-resigns/">former CEO Mark Hurd</a> resigned under pressure more than a year ago over a variety of allegations about expense reports related to a sexual harassment inquiry. The board found no evidence to support the sexual harassment claim. </p>
<p>In the wake of that scandal, <a href="http://allthingsd.com/20100930/hp-names-new-ceo-leo-apotheker/">HP appointed Apotheker to take over for Hurd</a>.</p>
<p>It has been a bumpy ride, as HP&#8217;s stock has plummeted almost 43 percent in a year&#8217;s time. By comparison, rival Oracle&#8217;s shares are up more than three percent in the same period, and Apple stock has risen more than 50 percent.</p>
<p>That share decline, given a series of major moves and just as many gaffes, has put Apotheker &#8212; who has been trying to reposition HP largely as an enterprise company &#8212; in the hot seat.</p>
<p>An HP spokeswoman declined to comment. I have several calls in to reach Whitman and have not yet heard back.</p>
<p>More to come, obviously. But, until there is more news, here is the <a href="http://allthingsd.com/20110701/hps-leo-apotheker-talks-webos-touchpad-and-more-the-full-d9-interview-video/">video of the full interview</a> with Apotheker at the ninth <strong>D: All Things Digital</strong> conference this summer. </p>
<p>At <strong>D9</strong>, the former SAP chief declared that he would not ship the now-doomed TouchPad until it was perfect. <em>Ooops!</em></p>
<p>Enjoy:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=ED4931B7-0A45-4EFC-BBDD-155101224CCC&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={ED4931B7-0A45-4EFC-BBDD-155101224CCC}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Chegg Buys Zinch in Another Move Toward a "Social Education Platform"</title>
		<link>http://allthingsd.com/20110915/chegg-buys-zinch-in-another-move-toward-a-social-education-platform/</link>
		<comments>http://allthingsd.com/20110915/chegg-buys-zinch-in-another-move-toward-a-social-education-platform/#comments</comments>
		<pubDate>Thu, 15 Sep 2011 13:00:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=120370</guid>
		<description><![CDATA[The online textbook rental is on a hiring spree to expand its student-aimed business all year round. The latest move: Acquiring Zinch, which links high school students with college recruiters.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110915/chegg-buys-zinch-in-another-move-toward-a-social-education-platform/01_chegg_homepage-feature/" rel="attachment wp-att-121059"><img src="http://allthingsd.com/files/2011/09/01_Chegg_homepage-feature-380x285.png" alt="" title="01_Chegg_homepage-feature" width="380" height="285" class="alignright size-medium wp-image-121059" /></a></p>
<p>Chegg &#8212; best known for online rentals of textbooks to college students &#8212; said it has just bought Zinch, a start-up that links high school students and college recruiters.</p>
<p>Terms of the deal were not disclosed.</p>
<p>The purchase of the San Francisco-based Zinch, said CEO Dan Rosensweig in an interview earlier this week, is part of a larger plan involving a series of acquisitions aimed at &#8220;how we move from two-day relevance to relevance all year around for students.&#8221;</p>
<p>By that, he meant the short time period when students either buy or rent their textbooks for the semester.</p>
<p>That&#8217;s certainly been a good business for Chegg, which is the leader in the online textbook-rental arena, including digital distribution.</p>
<p>But to further solidify its relationship with students and expand its market base to include high schoolers along with college consumers, Chegg has picked up a number of start-ups like Zinch, using its stock and also the whopping $220 million in funding from a number of venture firms, including Kleiner Perkins.</p>
<p>In late September, for example, the <a href="http://kara.allthingsd.com/20100926/exclusive-chegg-raises-75-million-in-additional-funding-from-asias-ace/">company bought CourseRank</a>, which helps students share course schedules, take classes with friends, and read and write reviews on classes and professors, as well as find out how they grade.</p>
<p>Also scooped up by Chegg: Notehall, which is a student-to-student note-taking trading market; <a href="http://allthingsd.com/20101208/exclusive-chegg-buys-cramster/">Cramster</a>, a social homework helper; and Student of Fortune, a homework-answers site for student questions (which a recent filing by Chegg noted was bought for $5.9 million in stock).</p>
<p>Also being tested are such offerings as deals for students and other ways to leverage the original textbook relationship.</p>
<p>&#8220;This is the beginning of a connected student network that we hope to build into a giant platform,&#8221; said Rosensweig. &#8220;We want to have a student using us all the way through for a 10-year span, from high school on.&#8221;</p>
<p>In related news, Chegg said it has hired former Palm CFO Andrew Brown as its new CFO. Prior to Palm, he served as the CFO of Pillar Data Systems Inc., a storage start-up funded by Oracle&#8217;s Larry Ellison. </p>
<p>While a CFO hiring often indicates a soon-to-happen IPO, Rosensweig said that Chegg has more than enough capital, needs to focus on building up its offerings and is in no rush to go public.</p>
<p>We&#8217;ll see, but here&#8217;s the official press release from Chegg about Zinch:</p>
<blockquote class="memo"><p><strong>Chegg Plans to Expand into $7 Billion College Recruiting Market and Increase Student Base By Over 3.5 Million</p>
<p>Chegg enters into a definitive agreement to acquire Zinch, the leading digital network that helps high school students research, connect with and pay for college</p>
<p>SANTA CLARA, Calif., September 15, 2011 &#8211;</strong> Chegg today announced it has entered into a definitive agreement to acquire Zinch. The acquisition is subject to standard closing conditions and is expected to be completed by the end of this month. The acquisition will expand Chegg&#8217;s social education platform into high schools. Zinch, founded in 2007, connects prospective college and graduate students to scholarships, admissions officers and other students who have been through the same process.  </p>
<p>The acquisition of Zinch, with over 3.5 million members, $1.9 billion in scholarships and over 5,000 school profiles, will significantly expand Chegg&#8217;s customer base and its social education platform. Colleges and students will be able to connect more effectively for less through Chegg, helping to streamline the college recruiting process globally. In addition, unlike any other company in the education space, Chegg will provide resources to students at every major milestone before, during and after their college career &#8212; including bridging the gap from high school to college. </p>
<p>&#8220;Our mission has always been to save students time, money and help them get smarter,&#8221; said Dan Rosensweig, president and CEO of Chegg. &#8220;With our acquisition of Zinch, we&#8217;re extending our mission to high school students through the $7 billion college recruiting market, while continuing to break down the barriers of a college education, from the high cost of tuition and textbooks to helping students make money, pick their courses and get the academic help they need.&#8221;</p>
<p>At Zinch, over 3.5 million students have built online profiles to showcase themselves as &#8220;more than test scores&#8221; to shine in the admissions process, and to be matched with schools and scholarships that might be a good fit. Colleges and universities worldwide, including more than half of the US News top ranked national universities, use Zinch for cost-effective student recruiting and outreach.  </p>
<p>&#8220;Getting in and paying for school is daunting. Together, Chegg and Zinch can not only make higher education more affordable and accessible, it gives students an edge in finding the right school, getting admitted and reducing the cost. Students can put their best foot forward, be recognized for their achievements and be discovered by programs that fit their interests,&#8221; said Anne Dwane, CEO of Zinch.</p>
<p>The acquisition is subject to standard closing conditions and is expected to be completed by the end of this month.<br />
To learn more about Chegg’s social education platform and its network of services, go to www.chegg.com.</p></blockquote>
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		<title>Exclusive: Silicon Valley Entrepreneur Blake Krikorian Joins Amazon Board</title>
		<link>http://allthingsd.com/20110907/exclusive-silicon-valley-entrepreneur-blake-krikorian-joins-amazon-board/</link>
		<comments>http://allthingsd.com/20110907/exclusive-silicon-valley-entrepreneur-blake-krikorian-joins-amazon-board/#comments</comments>
		<pubDate>Thu, 08 Sep 2011 04:47:48 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=118330</guid>
		<description><![CDATA[Well-known Silicon Valley entrepreneur Blake Krikorian has joined the board of Amazon, according to several sources close to the situation. He is considered one of tech's most savvy execs with regards to video and media distribution, an area the online retailer is aggressively entering.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110907/exclusive-silicon-valley-entrepreneur-blake-krikorian-joins-amazon-board/blake-krikorian3-o/" rel="attachment wp-att-118360"><img src="http://allthingsd.com/files/2011/09/blake-krikorian3-o-380x252.png" alt="" title="blake-krikorian3-o" width="380" height="252" class="alignright size-medium wp-image-118360" /></a></p>
<p>Well-known Silicon Valley entrepreneur Blake Krikorian has joined the board of Amazon, according to several sources close to the situation.</p>
<p>Krikorian &#8212; who is considered one of tech&#8217;s most savvy execs with regard to video and media distribution &#8212; co-founded <a href="http://allthingsd.com/20070925/slinging-the-cash/">Sling Media</a>, the maker of the innovative video device Slingbox, in 2004.</p>
<p>(He <a href="http://photos.allthingsd.com/D2">demoed it</a> at the second <strong>D: All Things Digital</strong> conference in 2004.)</p>
<p>It was sold in 2007 to EchoStar Communications for $380 million. After a short stint there, Krikorian left and has since been working on a variety of projects and making various investments.</p>
<p>Those include some promising start-ups, such as Lytro, Kno, Clipboard, Chirply and Tasty Labs. Another company he invested in, Clicker, was sold to CBS earlier this year.</p>
<p>He has also been a sought-after exec &#8212; sources said he had offers over the last year from Google and also Zynga.</p>
<p>Amazon certainly could use a director such as Krikorian as it seeks to enter the media distribution space more aggressively. It is about to launch a Kindle tablet, for example, and also is a major bidder for the Hulu premium video service.</p>
<p>It has been rumored that Amazon will soon offer an interactive television device, too.</p>
<p>Krikorian certainly has much experience in the arena. One of his first jobs was at the fabled General Magic, which pioneered the creation of one of the first interactive mobile products before the Internet.</p>
<p>He also started a mobile computing unit for Philips Electronics, as well as working in adjacent arenas at other firms.</p>
<p>The University of California at Los Angeles graduate has a degree in mechanical engineering.</p>
<p>Other directors on Amazon&#8217;s eight-person board, besides CEO and founder Jeff Bezos, include Kleiner Perkins&#8217;s Bing Gordon and Hewlett-Packard&#8217;s Jon Rubinstein.</p>
<p>Krikorian, who declined to comment, will be its ninth member.</p>
<p>I also have an email in to Amazon PR, and will update if I get a response.</p>
<p><strong>UPDATE:</strong> No need, as here is the 8-K regulatory filing by Amazon announcing the appointment:</p>
<p><a title="View AMZN-20110908-8K-20110908 on Scribd" href="http://www.scribd.com/doc/64385412/AMZN-20110908-8K-20110908" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block; text-decoration: underline;">AMZN-20110908-8K-20110908</a><iframe class="scribd_iframe_embed" src="http://www.scribd.com/embeds/64385412/content?start_page=1&#038;view_mode=list&#038;access_key=key-24ol4nc91tfd3zqdcp8l" data-auto-height="false" data-aspect-ratio="0.772727272727273" scrolling="no" id="doc_71485" width="640" height="888" frameborder="0"></iframe></p>
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		<title>CrunchFund? Unethical Ventures? Pig Pile Partners? No Matter What You Call It, It's Business as Usual in Silicon Valley.</title>
		<link>http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/</link>
		<comments>http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/#comments</comments>
		<pubDate>Fri, 02 Sep 2011 13:16:52 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://allthingsd.com/?p=116354</guid>
		<description><![CDATA[It's a giant, filthy mud puddle of conflicts of interest in Silicon Valley, but everybody's in the cesspool, it seems.]]></description>
			<content:encoded><![CDATA[<p><img src="http://allthingsd.com/files/2011/09/pgpile380.png" alt="" title="pgpile380" width="380" height="285" class="align right size-full wp-image-116695" /></p>
<p><em>Of course</em> I have something to say about the news yesterday that AOL would be a key investor in a new early-stage venture fund being started by TechCrunch&#8217;s perpetually petulant editor Michael Arrington &#8212; with a big, fat and decidedly greasy assist from a panoply of Silicon Valley&#8217;s most powerful VC firms and angel investors.</p>
<p>Arrington has previously called me &#8220;chief whiner&#8221; &#8212; <em>oooh, buuuurn</em>, although fair enough, since I have compared him to an <a href="http://allthingsd.com/20081218/techcrunchs-yertle-the-turtle-tantrum-over-news-embargoes/">egomaniac turtle named Yertle</a> in the past &#8212; about my nagging him over the importance of upholding standards of fairness and ethics in journalism.</p>
<p>So as not to let him down, let me begin the whining.</p>
<p>First, my initial reaction when I first heard about the deal: Ugh. Sigh. Hopelessly corrupt. Now 100 percent more icky! A giant, greedy, Silicon Valley pig pile.</p>
<p>I was upset.</p>
<p>By early evening, after my kids told me to chillax, my dark mood had changed to accept that the transaction &#8212; however profoundly distasteful to me &#8212; was part and parcel of the insidious log-rolling, back-scratching ecosystem that has happened in every other center of power in the universe since the beginning of time.</p>
<p>And so it goes in Silicon Valley.</p>
<p>In fact, the creation of a $20 million investment kitty that Arrington has dubbed CrunchFund is simply the formalization of a long-standing arrangement that has already been going on since he founded his popular tech blog.</p>
<p>That is to say, in which the basic standards of journalism are first warped by calling it newfangled truth-telling and then endlessly corroded by using a wily and unusually aggressive combination of favors and threats to extract, from start-ups and VCs in need of press, both exclusive access and information.</p>
<p>And now, inevitably, money.</p>
<p>This could have been a lot cleaner, of course, by Arrington simply resigning from TechCrunch, becoming a VC and perhaps starting a new blog where his agenda is much clearer, from which he could huff and puff away as he does with much entertaining gusto at real and (mostly) imagined slights.</p>
<p>There is certainly precedent for VCs blogging, including Fred Wilson, Brad Feld and Ben Horowitz. And, despite my criticisms about ethics, it is clear that Arrington is a talented writer whose unique voice would be even stronger if it was truly seen as separate from what has become a news organization.</p>
<p><a href="http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/imgres-51/" rel="attachment wp-att-116462"><img src="http://allthingsd.com/files/2011/09/imgres.png" alt="" title="imgres" width="275" height="183" class="alignleft size-full wp-image-116462" /></a></p>
<p>But because of his obvious need to be the center of attention &#8212; requiring the ermine kingmaker mantle and foisting his patented I&#8217;m-here-to-tell-it-like-it-is attitude on us all &#8212; that appears to be impossible. </p>
<p>(By the way, I await Arrington&#8217;s usual inane rant about the fictional conflicts of interest related to my gay Google marriage anytime now in 3 &#8230; 2 &#8230; 1, always and purposefully leaving out the pertinent facts that I can only wed <em>one</em> person, <a href="http://allthingsd.com/about/#kara-ethics">get no financial benefit</a> and am also a prominent critic of the scary search behemoth, while he can make a <em>badillion</em> questionable and grossly tangled investments.)</p>
<p>Personal annoyances aside, what&#8217;s most interesting here is the group of Silicon Valley power players who lined up to bow and scrape and then hand over a small pile of dough to the blogger who would be king.</p>
<p>They include: Sequoia Capital, Redpoint Ventures, Kleiner Perkins, Greylock Partners, Austin Ventures and Accel Partners, as well as individual investments from partners at Benchmark Capital and Andreessen Horowitz, entrepreneur Kevin Rose and DST Global&#8217;s Yuri Milner. And, of course, the inevitable Arrington BFF Ron Conway.</p>
<p>Holy googa mooga, that would be, well, <em>everyone</em>, except Ashton Kutcher and Justin Timberlake (who will surely appear soon enough).</p>
<p>As one person also pointed out to me, I don&#8217;t recall this many competing VCs investing in one company, let alone <em>another</em> venture fund.</p>
<p>It goes without saying that the reasons they all decided to jump in this fetid pool with abandon are quite varied, if all entirely compromised.</p>
<p>One investor told me &#8212; off the record, naturally &#8212; that he thought it would be an interesting experiment to see what happened and so he wanted in, especially since everyone else was doing it.</p>
<p>Another well-known VC said that there is no downside to being financially affiliated, especially in attracting talent to its start-ups, with Arrington and, by extension, TechCrunch.</p>
<p>The well-respected Reid Hoffman of Greylock was the only one brave enough to talk on the record, explaining the reasoning pretty clearly:</p>
<p><a href="http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/deal-flow/" rel="attachment wp-att-116467"><img src="http://allthingsd.com/files/2011/09/deal-flow.png" alt="" title="deal-flow" width="210" height="174" class="alignright size-full wp-image-116467" /></a></p>
<p>&#8220;Techcrunch will get some real deal flow from entrepreneurs that we would otherwise not see, because they have established a prominent position as the SV/Tech industry information feed. As many tech entrepreneurs read it &#8212; both within Silicon Valley and globally &#8212; and view the information news feed to be their target for announcing themselves to the world, Crunchfund will have access to deal flow to these diverse and early stage companies. Some of these companies will be the kind of early stage companies with billion-dollar potential that Greylock invests in.&#8221;</p>
<p>There you have it: No one can afford to be out of the deal flow in these times, even if it means cutting corners.</p>
<p>While TechCrunch&#8217;s owner, AOL, said Arrington will no longer be managing editor, with only writing duties at the site he dominates and with no editorial control, Hoffman&#8217;s use of TechCrunch for CrunchFund was accurate, because in the eyes of many they are interchangeable.</p>
<p>That&#8217;s due to the fact that Arrington still breaks or is clearly the source for important stories on the site and, more importantly, is the big swinging dude who attracts all the eager entrepreneurs to the party. He is the fulcrum of that site, even as it has grown.</p>
<p>And so it will remain, I am guessing, no matter how much AOL insists it will not be so, because the easy questions pile up quickly:</p>
<p>Will Arrington keep doing what are clearly news stories, for example, even though he <em>protesteth</em> too much &#8212; as he did in the <a href="http://www.nytimes.com/2011/09/02/technology/michael-arrington-techcrunch-blogger-to-invest-in-start-ups.html?_r=1">New York Times</a> yesterday &#8212; that he is not a journalist?</p>
<p>And, if so, is it right for him to do so given his insider status, creating a nonparity of sourcing and crystal clear conflicts of interest?</p>
<p>Most of all, can he resist his palpable love of news-breaking and scoops, even if he gets them in ever more unseemly ways?</p>
<p>As if to make it all pretty, Arrington told reporters yesterday that he has put a clause in his limited partnership agreement so he can report on anything he likes, and in any way, about his investors and their companies, however confidential, except those he invests in.</p>
<p>O joyous day! Freedom of the press is preserved and our sacred First Amendment can breathe a sigh of relief, now that it is enshrined in an unholy blogger-VC LP agreement.</p>
<p>After pausing for a moment so that Thomas Jefferson and Edward R. Murrow can stop spinning in their graves, you can go down this road for many increasingly bumpy miles, which only becomes more twisted and confusing as it continues.</p>
<p><a href="http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/who_cares_tshirt-p235033717879034702a5n6j_400/" rel="attachment wp-att-116468"><img src="http://allthingsd.com/files/2011/09/who_cares_tshirt-p235033717879034702a5n6j_400-285x285.png" alt="" title="who_cares_tshirt-p235033717879034702a5n6j_400" width="285" height="285" class="alignleft size-medium wp-image-116468" /></a></p>
<p>I finally talked to one investor in CrunchFund, who said simply and honestly: &#8220;It&#8217;s not that much money, so who cares?&#8221;</p>
<p>Indeed, who does care anymore about crossing what had long been very bright lines in journalism and, if you want to get all cosmic, in life? </p>
<p>Obviously, most of all, not AOL, or its CEO Tim Armstrong, or its head of content, Arianna Huffington. The pair, for whatever reason, decided to make a startling exception for Arrington from a rule that explicitly bars reporters at its media units from investing in the companies they cover.</p>
<p>That happened after he <a href="http://allthingsd.com/20110428/godspeed-on-that-investing-thing-yertle-but-i-still-have-some-questions-for-your-boss-arianna/">recently did a complete 180</a> from a previous decision to stop investing and jumped right back in, leaving Armstrong and Huffington to clean up the ethical mess.</p>
<p>They only made it worse, with their decision to throw journalism under the bus by letting Arrington do as he pleased, while touting how important it was for other content sites at AOL to remain more pure.</p>
<p>In the spirit of full disclosure, these kinds of ethical lapses are endemic these days in journalism. Case in point: The appalling phone-hacking controversy taking place at News Corp.&#8217;s News International unit in Britain.</p>
<p>While I cannot speak for Dow Jones, I can say that the behavior in another News Corp. property certainly takes its toll on those who adhere to higher standards at the company, especially when it comes to morale.</p>
<p>Thus, I can imagine how others feel at AOL &#8212; including those you-know-who-you-are silent ones at TechCrunch &#8212; who can&#8217;t and, more to the point, <em>wouldn&#8217;t</em> make the deals Arrington has been allowed to get away with.</p>
<p>It is not a good feeling, I can assure you.</p>
<p>And, while I have not spoken to her about it, I&#8217;d imagine that Huffington cannot be thrilled to be pushing for better journalism at AOL and trying to burnish her cred by hiring some top reporters, while also having to deal with this.</p>
<p>That&#8217;s okay, because Armstrong was perfectly willing to do the awkward pretzel-twist needed to explain away the controversial situation, also in an interview with the Times:</p>
<p>&#8220;TechCrunch is a different property and they have different standards. We have a traditional understanding of journalism with the exception of TechCrunch, which is different but is transparent about it.&#8221;</p>
<p><a href="http://allthingsd.com/20110902/crunchfund-unethical-ventures-pigpile-partners-no-matter-what-you-call-it-its-business-as-usual-in-silicon-valley/jiminy-cricket-wallpaper/" rel="attachment wp-att-116506"><img src="http://allthingsd.com/files/2011/09/Jiminy-Cricket-wallpaper-292x285.png" alt="" title="Jiminy-Cricket-wallpaper" width="292" height="285" class="alignright size-medium wp-image-116506" /></a></p>
<p>In this case, Tim, I am sorry to inform you that transparency is a complete canard and is more likely to end up covering up a lot more transgressions than it ever will reveal.</p>
<p>And, essentially and lazily sloughing it off by saying, &#8220;That&#8217;s just Mike being Mike,&#8221; is not going to cut it, at least not with me.</p>
<p>Not that any amount of tsk-tsking about it matters, I suppose, as Arrington finally gets his fervent Pinocchio-on-a-star wish to be a real-boy VC, can add yet another tainted buck to the pile of billions his venture pals already have, and just call it another typical day in Silicon Valley.</p>
<p>Still, when you are the designated whiner-in-chief, it is pretty much all one can do.</p>
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		<title>Geek-tastic! Twitter Queen Kim Kardashian Reportedly to Wed at Eric Schmidt's SoCal Estate (Or at Kleiner Partner's Luxe Crib).</title>
		<link>http://allthingsd.com/20110817/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate/</link>
		<comments>http://allthingsd.com/20110817/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate/#comments</comments>
		<pubDate>Wed, 17 Aug 2011 20:43:41 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<description><![CDATA[Here's a delicious juxtaposition you don't get often: Various reports indicate that reality show empress Kim Kardashian's upcoming wedding to New Jersey Nets basketball player Kris Humphries will be held at either the Montecito estate of Google's Executive Chairman and former CEO Eric Schmidt or that of a VC legend.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20110817/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate-2/" rel="attachment wp-att-111345"><img src="http://allthingsd.com/files/2011/08/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate.png" alt="" title="she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate" width="380" height="285" class="alignright size-full wp-image-111345" /></a></p>
<p>Here&#8217;s a delicious juxtaposition you don&#8217;t get often: Various reports indicate that reality show empress Kim Kardashian&#8217;s upcoming wedding to New Jersey Nets basketball player Kris Humphries will be held at the Montecito estate of Google&#8217;s Executive Chairman and former CEO Eric Schmidt.</p>
<p>And, according to another report, if not there, then at a house owned by one of Silicon Valley&#8217;s most famous VC legends.</p>
<p>Schmidt won&#8217;t be a guest at what is sure to be a heavily chronicled event &#8212; which the <a href="http://www.nypost.com/p/pagesix/kim_wedding_cake_dresses_and_guests_Qs2KbLK2UULcL07EpP3AVP">New York Post said</a> will have a $20,000 cake, three dresses and 500 guests.</p>
<p>You know, <em>simple</em> nuptials. </p>
<p>Instead, it appears Schmidt rents out the lush house, which he bought from talk show host Ellen DeGeneres in 2007 for $20 million.</p>
<p>Fun fact: It is the same spot where Jennifer Lopez and Ben Affleck &#8212; or Bennifer, as I like to call them &#8212; were set to be hitched in 2003, before they called off their engagement.</p>
<p>According to blog site <a href="http://realestalker.blogspot.com/2011/08/kim-kardashian-to-wed-at-ellen.html">The Real Estalker</a>, who also wrote about the possible rental:</p>
<blockquote class="memo"><p>The privately situated and heavily secured luxury compound&#8217;s architectural heart and soul is a 5,000-plus square foot main house with 4 bedrooms and 4 full and 2 half bathrooms designed by beloved Santa Barbara architect George Washington Smith. Staff and/or guests can be comfortably accommodated in a detached 1-bedroom guest house with kitchen and an additional studio space tucked into a quiet corner provides private respite from family members and all the full-time staff people required to maintain an estate of this magnitude.</p>
<p>At the time Mister Schmidt snatched up the property, the extensively and meticulously landscaped grounds included a long winding drive, massive motor court, championship grade tennis court, extra-long swimming pool with raised spa area, wide terraces, broad lawns, and a stunning allée with colorful tiled fountain that screams out for a highly stylized celebrity wedding designed &#8212; we presume &#8212; by an efficient, innovative and extremely well-paid event planner.</p></blockquote>
<p><strong>[UPDATE:]</strong> Later, The Real Estalker <a href="http://realestalker.blogspot.com/2011/08/update-kim-kardashian-wedding-venue.html">changed its report</a> and said the wedding might not be held at Schmidt&#8217;s place, but at another over-the-top estate owned by Silicon Valley venture legend Frank Caufield, one of the founders of Kleiner Perkins Caufield &#038; Byers. </p>
<p>I have a call in to the Kardashians, who are usually so shy with the press, so I will update as soon as I hear or a camera crew arrives at my house.</p>
<p>Until the I-dos are done, below are some pretty pix of Schmidt&#8217;s fancy spread from back in 2006:</p>
<p><a href="http://allthingsd.com/20110817/she-does-kim-kardashian-to-wed-at-eric-schmidts-socal-estate/kkardashian_nups_mont/" rel="attachment wp-att-111259"><img src="http://allthingsd.com/files/2011/08/KKardashian_Nups_Mont-306x480.png" alt="" title="KKardashian_Nups_Mont" width="306" height="480" class="aligncenter size-large wp-image-111259" /></a></p>
<p>A Google spokesman had no comment, <em>obviously</em>.</p>
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