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Reddit users call for CEO Ellen Pao's head over key employee firing

Social media sites that can't be policed are coming, the Union Square Ventures co-founder predicts, built on the blockchain technology that underlies bitcoin virtual currency. Read more »

Loot

Trouble ahead for unicorns?

by Gina Hall Unicorn Facts

Securities regulators are looking into whether hedge funds and other investors are illegally selling private technology stocks for hot companies, especially unicorns.

A probe by the Securities and Exchange Commission is in its early stages and is focused on people selling pre-IPO shares of private companies as valuations soar, according to the Wall Street Journal.

The investigation is tied to the  ...

9 minutes ago
Startups

Entertainment startup plans to rock music monetization

by Dan Norton PredPop

A Philadelphia-based entertainment company plans to upend artists' abilities to monetize their music by capitalizing on its voluminous collection of data that pinpoints similarities among consumers.

PredPop picked apart 25 years of chart-topping songs and unearthed their links to each other, creating an interactive map of the data.

The project is free to the public, and it was built as a gateway  ...

36 minutes ago
Hot Shots

From JFK photographer to turkey coop resident: The extraordinary life of Burt's Bees' Shavitz

by Lauren K. Ohnesorge Burt Shavitz Burt's Bees

From photographer to honey-peddling hippie to turkey coop resident, the bearded man whose image still appears on tubes of Burt’s Bees lip balm was anything but an ordinary entrepreneur.

Burt Shavitz, who passed away at the age of 80 due to respiratory complications, wasn’t in Durham for long.

Shortly after the company he helped found moved to North Carolina in 1994, an affair with an employee  ...

1 hour ago
Loot

What drives this Venrock partner who invests in the Dollar Shave Club, AppNexus and more?

by Gary M. Stern David Pakman

David Pakman has morphed from serving as the chief executive officer of eMusic to being named a partner at Venrock, a major New York venture capital firm that’s invested in prominent startups like Dollar Shave Club, AppNexus and YouNow.

So what does a top venture capitalist look for? On what basis does he analyze a company when it hasn’t turned a profit? How does he rate the potential? What  ...

1 hour ago
Startups

Why Theranos' breakthrough herpes test boosted its clout in the science world

by Ron Leuty Elizabeth Holmes

Theranos Inc. cleared a regulatory hurdle Thursday for its lab test system to spot a tiny virus, but the news was big for the Palo Alto company.

The Food and Drug Administration's clearance of Theranos' finger and vein blood testing technology for herpes simplex 1 is the first for a company that has come under fire from academics and established lab testing giants for not passing rigorous  ...

2 hours ago
Hot Shots

So long Burt! Burt's Bees bids adieu to iconic founder

by Lauren K. Ohnesorge Burt Shavitz Burt's Bees

Burt’s Bees, the Durham, N.C.-based cosmetics subsidiary of Clorox, has lost its founder and mascot.

Burt Shavitz, the iconic bearded man behind the brand, passed away July 5 at the age of 80.

“We remember him as a bearded, free-spirited Maine man, a beekeeper, a wisecracker, a lover of golden retrievers and his land,” reads a company statement. “Above all, he taught us to never lose  ...

2 hours ago
Hot Shots

Lines blur between scholar, scientist and entrepreneur

by Megan Rogers Business Plan Competition

Karen Torrejon spent the last year raising half a million dollars for her biotech startup. At the same time, she’s finishing her doctoral degree in nanotechnology.

Torrejon, who earned a bachelor’s in chemistry and physics at the University at Albany, considers herself a scientist first, then an entrepreneur. The two pursuits are intertwined. Her startup Glauconix, which develops technology  ...

2 hours ago
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