Sequoia-Backed Yik Yak Shuts Down And Sells Off Engineers For $1M
Yik Yak, an anonymous messaging app for college students, announced that it would finally be shutting down. The company recieved $73.5 million in venture capital funding and was once valued at $400 million. Square, mobile payments company, looted Yik Yak for its engineering talent and some minor intellectual property for just $1 million.
Singapore Launches $717M IP Fund
SINGAPORE - Singapore on Wednesday launched a S$1 billion ($717.31-million) fund to invest in companies with strong intellectual property profiles as part of a government push to establish the city-state as a global IP centre.
Google's Self-Driving Car Company Is Suing Uber For Intellectual Property Theft
The lawsuit, filed in the US District Court in San Francisco, claims that a team of ex-Google engineers stole the company's design of its lidar system for Uber's self-driving-truck startup Otto. "We believe these actions were part of a concerted plan to steal Waymo’s trade secrets and intellectual property," reads a blog post by Waymo posted on Thursday.
Onex, Baring PE Asia Complete $3.55B Acquisition Of Thomson Reuters Unit
<p>Onex Corporation, which is listed on the Toronto Stock Exchange (TSX), and Hong Kong-headquartered Baring Private Equity Asia, have completed their acquisition of the intellectual property & science business from media major Thomson Reuters, for $3.55 billion.</p>
Vector Capital Acquires Longitude Licensing
Vector Capital, a technology-focused private equity firm, today announced the acquisition of Longitude Licensing, an intellectual property management company based in Dublin, Ireland.
Onex, Baring To Buy Reuter's Intellectual Property And Science Business For $3.55B
<span style="line-height: 20.8px;">Thomson Reuters Corp on Monday said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash.</span>
Larry Summers Is Wrong. Harvard Should Be Spending Much, Much More Of Its Money
“If it makes sense for Harvard University to pay out 5% of its endowment in 1999 when the real interest rate was 4%, it’s really quite unlikely that it makes sense to pay out 5% of its endowment in 2...
Western tech companies fail in China because of Arrogance| Mike Moritz, Sequoia
Western technology businesses struggling to enter China are often accused of displaying a self-serving, haughty “singular thesis or lens.” In a recent CNBC interview, Michael Moritz, Chairman of Sequoia Capital, one of Silicon Valley’s top venture capital firms, stunned viewers by saying, “The reason that most Western companies fail in China is because of their own doing. It’s got nothing to do with the Chinese government or regulation, it’s a whole series of Western imperial arrogance that brings about the downfall of many of these companies in China.”
Cinven Eyes Up Bid For IP And Science Arms Of Thomson Reuters
Private equity group Cinven is considering bidding for part of Thomson Reuters, with the news organisation set to launch a sale of its intellectual property and science units.
Aranca Announces Alliance With ClearAccessIP For Cloud-Based VC Deal Room
Aranca, a leading provider of Investment, Business, Intellectual Property Research and Valuations to Global Clients, announces a distribution alliance with ClearAccessIP.