Liz Gannes

Recent Posts by Liz Gannes

Google and Khosla Ventures Back Former Googlers' Weather Insurance Start-up

As those of us who hoped to go sledding in San Francisco last weekend know too well, weather forecasting is not terrifically precise. But that doesn’t mean it can’t be a technology business. WeatherBill, a company that sells weather insurance to farmers, just got a big vote of confidence from folks in the high-tech world for its weather simulation modeling.

Four-year-old WeatherBill is announcing today $42 million in Series B funding from Google Ventures and Khosla Ventures as well as previous investors NEA, Index Ventures, Allen & Company, First Round Capital, Atomico and Code Advisors.

WeatherBill CEO David Friedberg was previously a member of Google’s corporate development team, while CTO Siraj Khaliq led technical projects such as the company’s distributed computing infrastructure. They are actually some of the first former Googler co-founders funded by Google Ventures.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work