Tag Archives: exits

After Eight Years On Facebook’s Board, Jim Breyer Exits To Focus On His New Harvard Board Seat

10613v5-max-250x250Venture capitalist Jim Breyer is giving up his seat on Facebook’s board in June, which he’s held since April 2005. The split is amicable, and stems from his desire to concentrate on his new board seat with the Harvard University Corporation Board. Breyer joined the Facebook board after his venture firm Accel became one of Facebook’s earliest investors, leading its $ 12.7 million Series A.
TechCrunch

Swype keyboard app exits beta, enters Google Play

The app monitors users’ activity to better understand their writing style and help predict when common words or phrases are at hand, saving input time. [Read more]

    




CNET News

Cisco Exits the Consumer Market, Sells Linksys To Belkin

Krystalo writes “Belkin on Thursday announced plans to acquire Cisco’s Home Networking Business Unit, including its products, technology, employees, and even the well-known Linksys brand. Belkin says it plans to maintain the Linksys brand and will offer support for Linksys products as part of the transaction, financial details for which were not disclosed. This should be a relatively smooth transition that won’t affect current customers: Belkin says it will honor all valid warranties for current and future Linksys products. After the transaction closes, Belkin will account for approximately 30 percent of the US retail home and small business networking market.”

Read more of this story at Slashdot.




Slashdot

Alan Cox Exits Intel, Linux Development

judgecorp writes “Linux kernel developer Alan Cox has left Intel and Linux development after slamming the Fedora 18 distribution. He made the announcement on Google+ and promised that he had not fallen out with Linus Torvalds, and would finish up all outstanding work.” Also at Live Mint, which calls Cox’s resignation notice a “welcome change from the sterility, plain dishonesty of CEO departure statements.” Cox says in that statement that he’s leaving “for a bit,” and “I may be back at some point in the future – who knows.”

Read more of this story at Slashdot.




Slashdot

SpaceX Dragon exits space station, Earth next stop

The California-based SpaceX company will steer its unmanned capsule to a splashdown in the Pacific Ocean on Sunday afternoon, a couple hundred miles off the Baja California coast.




FOX News

Tmura: The Non-Profit that Uses Israeli Startup Exits to Do Good

TmuraTmura, an Israeli non-profit, is closing on its 10-year anniversary. In a decade’s worth of work it has contributed a whopping $ 6.3M+ to educational programs.

The extraordinary amount isn’t the result of efficient fundraising, rather, of having been allotted small amounts of options by early-stage startups. Tmura then exercises these options when the startups see a liquidation event.

Out of a portfolio of 240 companies, 40 saw exits, the most recent of which XtremIO’s acquisition by EMC netted Tmura $ 450,000.
TechCrunch

Yahoo CEO exits after resume comes under scrutiny

Yahoo Inc. ended the brief tenure of its latest chief executive after a flap over a flawed biography of him in a regulatory filing spiraled into a major embarrassment for the ailing Internet company and a big victory for an activist investor.




FOXNews.com

Windows Phone exec exits five months after being poached from Samsung

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Microsoft’s Gavin Kim was a high-profile capture for Redmond, as it poached the former Samsung and Motorola exec to bolster its Windows Phone marketing team. Now, just five months into the job, he’s departing after marshaling the “Smoked by Windows Phone” campaign into the world. The company wouldn’t go into specifics beyond saying that it was a personal decision to leave and Microsoft bears him no ill will — but then that’s what they always say. He’ll be replaced by Eugene Ho, who now has the job of continuing the burgeoning platform’s upward trajectory and winning around those European carriers who’ve greeted it with little more than apathy.

Windows Phone exec exits five months after being poached from Samsung originally appeared on Engadget on Wed, 18 Apr 2012 10:52:00 EDT. Please see our terms for use of feeds.

Permalink The Verge, Wmpoweruser  |  sourceZDNet, Redmond Channel Partner  | Email this | Comments
Engadget

Fitocracy Finally Exits Private Beta, Celebrates With A New iOS App

iphone-ss-splashIt’s been a while since we’ve heard from the social fitness mavens at Fitocracy – they’ve been doing plenty of behind-the-scenes work, and now they’re ready to share the fruits of their labor. After spending over a year hunkered down in private beta mode, the RPG-esque exercise tracker and 500 Startups graduate has finally opened its doors to the general public.

Here’s their gist, if you haven’t heard it already — after a workout, you log all of your exercises and receive points for them. Earning enough points will cause you to level up, while earning points in certain exercises unlocks new achievements. The service also sports quests for the particularly motivated, along with a strong social component to get users commiserating and sharing workout tips.

In short, it aims to rewire the way users think about exercise, and Fitocracy CEO Brian Wang tells me the formula has struck a chord with nearly 300,000 users.
TechCrunch

DARPA director exits agency for Google, assumes mysterious role

Not even the federal government’s factory of scifi dreams can hold off the likes of Google’s recruiters. According to Wired, Regina Dugan, DARPA’s current director, will be moving on from the Department of Defense’s fantastical research arm for an unspecified “senior executive position” with the folks from Mountain View. Dugan’s served in her role for the past three years, winning over the likes of the Pentagon by shifting her agency’s focus from out-there R&D experiments to more practical military applications, while also ruffling a few feathers with her brazen statements. No word was given on when exactly she’ll officially join the search giant’s ranks other than a vague mention of “sometime in the next few weeks.” Look out Uncle Sam, the Google brain drain’s got its sights set on you. Now, no government sector is safe.

DARPA director exits agency for Google, assumes mysterious role originally appeared on Engadget on Mon, 12 Mar 2012 18:14:00 EDT. Please see our terms for use of feeds.

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Engadget

Nokia Exits Mobile Payments Business With Shuttering Of Nokia Money

nokia-moneyNokia is announcing today it plans to shut down its mobile payments service known as Nokia Money in India, as a part of a shift in strategy that will allow the company to more narrowly focus on its handset business and related location-based services offerings. According to a company spokesperson, “the mobile financial services business is not core to Nokia, so we plan to exit the business.”

Nokia Money was available in India, and had previously been expected to roll out to other emerging markets.
TechCrunch

OpenLabel Exits Stealth, Raises $80K To Turn Barcodes Into Public Labels

openlabel-scanOpenLabel, a startup that wants to augment everyday products’ barcodes with crowd-sourced information that helps you decide whether to buy, has raised $ 80,000 in seed funding in a round led by Peter Kirwan, also an investor in IFTTT. Also participating in the round were Tim Drees and Doug Taylor. According to OpenLabel co-founder Scott Kennedy, this $ 80K is just the first part of a larger $ 300,000 seed round, which the company expects to close prior to the April launch of the mobile application.

TechCrunch

Kodak exits camera business

Eastman Kodak said Thursday it will take a $ 30 million charge to exit the digital camera, pocket video camera and digital picture frame business in the first half of 2012, as the bankrupt firm shifts more focus to its core consumer business.




FOXNews.com

Siri sire exits Apple

Siri co-founder Dag Kittlaus, who set up the intelligent digital personal assistant company that went on to be acquired by Apple in April 2010, reportedly left Apple shortly after the launch of the iPhone 4S earlier this month. Although yet to be confirmed by Apple, Kittlaus’ decision to leave was “amicable” and had been planned for some [...]
SlashGear

(Founder Stories) Instagram-Backer Steve Anderson: Forget The Billion-Dollar Exits

(Founder Stories) Baseline Sequence 2 FS Instagram-tc_upload.mp4Steve Anderson’s Baseline Ventures has a portfolio that includes Instagram, Heroku, and Weebly. (Earlier this month, Baseline was part of a $ 1-million seed round in Crashlytics).  It took him only four weeks to raise $ 100 million for his curernt fund. In this episode of Founder Stories with host Chris Dixon, Anderson discusses investing in Instagram and what led him to become Baseline’s founder in 2006.

Anderson tells Dixon that after working for companies including Microsoft, eBay and Starbucks he was ready to strike off on his own. However, he lacked the roughly half-million to start his company and was not interested in trading a sizable chuck of his ownership (40-50%) to secure financing from a Sand Hill Road VC.
TechCrunch

Groupon slashes reported revenue by half, COO exits after 5 months

Chicago-based company is slashing its reported revenues by half–from $ 713.4 million in 2010 down to $ 312.9 million–in accordance with accounting revisions prompted by the SEC.
CNET News.com