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	<title>Pulse2 Technology and Social Media News &#187; Kleiner Perkins Caufield &amp; Byers</title>
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		<title>Kleiner Perkins Being Sued By Ellen Pao</title>
		<link>http://pulse2.com/2012/05/22/kleiner-perkins-ellen-pao/</link>
		<comments>http://pulse2.com/2012/05/22/kleiner-perkins-ellen-pao/#comments</comments>
		<pubDate>Tue, 22 May 2012 18:17:31 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Ajit Nazre]]></category>
		<category><![CDATA[Bing Gordon]]></category>
		<category><![CDATA[Chi-Hua Chien]]></category>
		<category><![CDATA[Ellen Pao]]></category>
		<category><![CDATA[John Doerr]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Ray Lane]]></category>
		<category><![CDATA[Ted Schlein]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=61642</guid>
		<description><![CDATA[Kleiner Perkins Caufield and Byers is one of the most prominent venture capital companies in Silicon Valley. The company is being sued by Ellen Pao, an investment partner at the company. The complaint has been filed on May 10th at &#8230; <a href="http://pulse2.com/2012/05/22/kleiner-perkins-ellen-pao/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img alt="" src="http://mediaserver.pulse2.com/uploads/2012/04/Screen-Shot-2012-04-16-at-12.13.17-PM.png" title="Kleiner Perkins Logo" class="alignnone" width="261" height="79" /><br />
Kleiner Perkins Caufield and Byers is one of the most prominent venture capital companies in Silicon Valley.  The company is <a href="http://www.techmeme.com/120522/p27#a120522p27">being sued</a> by Ellen Pao, an investment partner at the company.  The complaint has been filed on May 10th at the San Francisco Superior Court.  Pao said that she has been sexually harassed by Ajit Nazre, a former KPCB partner that left the company late last year.<br />
<span id="more-61642"></span><br />
Pao said that she and other female employees at the company were often left out of meetings by the male partners at the firm.  She also claims that she has been unfairly passed over for promotions because of her gender and her response to Nazre&#8217;s advances.  John Doerr, Ray Lane, Bing Gordon, Ted Schlein, Chi-Hua Chien are partners that are being named in the lawsuit.</p>
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		<title>Drawbridge Raises $6.5 Million</title>
		<link>http://pulse2.com/2012/05/10/drawbridge-raises-6-5-million/</link>
		<comments>http://pulse2.com/2012/05/10/drawbridge-raises-6-5-million/#comments</comments>
		<pubDate>Thu, 10 May 2012 18:53:52 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Drawbridge]]></category>
		<category><![CDATA[Kamakshi Sivaramakrishnan]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Sequoia Capital]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=61131</guid>
		<description><![CDATA[Drawbridge is a cross-platform advertising startup that has raised $6.5 million in Series A funding from Kleiner Perkins and Sequoia Capital. Drawbridge was founded and is led by Kamakshi Sivaramakrishnan. The idea behind the company is that ads will be &#8230; <a href="http://pulse2.com/2012/05/10/drawbridge-raises-6-5-million/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img alt="" src="http://mediaserver.pulse2.com/uploads/2012/05/drawbridge-logo.png" title="Drawbridge Logo" class="alignnone" width="216" height="47" /><br />
<a href="http://www.drawbrid.ge/">Drawbridge</a> is a cross-platform advertising startup that has <a href="http://www.techmeme.com/120510/p40#a120510p40">raised</a> $6.5 million in Series A funding from Kleiner Perkins and Sequoia Capital.  Drawbridge was founded and is led by Kamakshi Sivaramakrishnan.  The idea behind the company is that ads will be more effective and targeted if they can follow people across multiple devices.  Advertisements now need to cater to people when they are on their desktop, mobile device, tablet, gaming console, etc.<br />
<span id="more-61131"></span><br />
“At its core the challenges [facing the industry] are a lack of sophisticated targeting, and lack of insight into audience behavior on mobile devices,” stated Sivaramakrishnan in an interview. “Drawbridge solves these problems by developing the industry’s first self-learning ad technology, that leverages cross-device behavior and enables advertisers and marketers to reach their target market on any device.”</p>
<p>Sivaramakrishnan used to be lead information scientist at AdMob.  She holds a doctorate in Information Theory from Stanford University.  </p>
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		<title>Brook Byers and Ray Lane No Longer General Partners At KPCB</title>
		<link>http://pulse2.com/2012/04/16/brook-byers-ray-lane-longer-general-partners-kpcb/</link>
		<comments>http://pulse2.com/2012/04/16/brook-byers-ray-lane-longer-general-partners-kpcb/#comments</comments>
		<pubDate>Mon, 16 Apr 2012 16:01:40 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=59705</guid>
		<description><![CDATA[Kleiner Perkins Caufield &#038; Byers (KPCB) is changing their partnership structure according to the prospective limited partners in the company&#8217;s early-stage fund. Brook Byers and Ray Lane are no longer listed as general partners on the fund documents, but they &#8230; <a href="http://pulse2.com/2012/04/16/brook-byers-ray-lane-longer-general-partners-kpcb/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2012/04/Screen-Shot-2012-04-16-at-12.13.17-PM.png" alt="" title="Screen Shot 2012-04-16 at 12.13.17 PM" width="261" height="79" class="alignnone size-full wp-image-59706" /><br />
Kleiner Perkins Caufield &#038; Byers (KPCB) is <a href="http://www.techmeme.com/120416/p18#a120416p18">changing</a> their partnership structure according to the prospective limited partners in the company&#8217;s early-stage fund.  Brook Byers and Ray Lane are no longer listed as general partners on the fund documents, but they will still be actively involved at the company.  At the company, Byers is the only partner that has his name associated with the company as he had originally joined in 1977.  He had launched the company&#8217;s life sciences practices 7 years after joining, which went on to be valued at greater than $8 billion in the public markets.  Lane joined KPCB in 2000 after serving as President and COO at Oracle.  Some of his most recent transactions at KPCB include Fisker Automotive and GreatPoint Energy.  He is also an executive chairman at Hewlett Packard.</p>
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		<title>SoundCloud Raises $50 Million From Kleiner Perkins and GGV</title>
		<link>http://pulse2.com/2012/01/03/soundcloud-raises-50-million-from-kleiner-perkins-and-ggv/</link>
		<comments>http://pulse2.com/2012/01/03/soundcloud-raises-50-million-from-kleiner-perkins-and-ggv/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 16:54:21 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Alexander Ljung]]></category>
		<category><![CDATA[Eric Wahlforss]]></category>
		<category><![CDATA[GGV Capital]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[SoundCloud]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=55825</guid>
		<description><![CDATA[SoundCloud is one of the most popular music streaming websites. The website has raised $50 million in funding from Kleiner Perkins Caufield &#038; Byers and GGV Capital. This puts the company at a $200 million pre-money valuation. SoundCloud will be &#8230; <a href="http://pulse2.com/2012/01/03/soundcloud-raises-50-million-from-kleiner-perkins-and-ggv/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2012/01/soundcloud-logo.jpeg" alt="" title="soundcloud-logo" width="250" height="143" class="alignnone size-full wp-image-55826" /><br />
<a href="http://SoundCloud.com">SoundCloud</a> is one of the most popular music streaming websites.  The website has <a href="http://eu.techcrunch.com/2012/01/02/soundcloud-raises-50-million-round-led-by-kleiner-perkins/">raised</a> $50 million in funding from Kleiner Perkins Caufield &#038; Byers and GGV Capital.  This puts the company at a $200 million pre-money valuation.  SoundCloud will be using the funding to expand aggressively in the U.S.   Kleiner Perkins partner Mary Meeker will be taking a board observer seat at SoundCloud.  SoundCloud is based in Berlin and was founded by Alexander Ljung and Eric Wahlforss.</p>
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		<title>Zynga Expected To Raise Between $850 Million and $1.15 Billion In IPO</title>
		<link>http://pulse2.com/2011/12/02/zynga-expected-to-raise-between-850-million-and-1-15-billion-in-ipo/</link>
		<comments>http://pulse2.com/2011/12/02/zynga-expected-to-raise-between-850-million-and-1-15-billion-in-ipo/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 17:40:23 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Avalon Ventures]]></category>
		<category><![CDATA[Foundry Group]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Institutional Venture Partners]]></category>
		<category><![CDATA[IVP]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Mark Pincus]]></category>
		<category><![CDATA[Union Square Ventures]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=53923</guid>
		<description><![CDATA[Zynga has filed documents with the SEC this morning which indicates that they are planning on raising between $850 million and $1.15 billion in their public offering. This is about $15 million more than their previous estimates. Zynga is seeking &#8230; <a href="http://pulse2.com/2011/12/02/zynga-expected-to-raise-between-850-million-and-1-15-billion-in-ipo/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img alt="" src="http://mediaserver.pulse2.com/uploads/2011/07/zynga-315x136.png" title="Zynga Logo" class="alignnone" width="315" height="136" /><br />
Zynga has filed documents with the SEC this morning which indicates that they are planning on raising between $850 million and $1.15 billion in their public offering.  This is about $15 million more than their previous estimates.<br />
<span id="more-53923"></span><br />
Zynga is seeking to sell about 100 million shares at between $8.50 and $10 per share.  They are reservhing 15 million additional shares for extra demand.  Zynga is expected to trade on the Nasdaq under the symbol &#8220;ZNGA.&#8221;</p>
<p>Zynga will be valued at about $7 billion based on 699.3 million shares understanding.   This would put Zynga&#8217;s valuation at close to Electronic Arts, which is hovering at about $7.65-$7.8 billion.  Zynga makes money from selling virtual goods on social games such as FarmVille, CityVille, and Words With Friends.  Zynga has about 230 million monthly active users and they have a close-knit relationship with Facebook.  Some financial analysts believe that Zynga is rushing their IPO before tech stocks take a major plunge.</p>
<p>Zynga was founded in 2007 in San Francisco by Mark Pincus.  Pincus named the company after his dog Zinga.  Zynga recorded a profit of $27.9 million on revenues of $597.5 million in 2010.  In the first 9 months of 2011, Zynga hit revenues of $828.9 million.  Even though Zynga&#8217;s revenues are growing, their number of daily active users has fallen two quarters in a row.  Zynga currently has 2,500 employees.</p>
<p>The proceeds from the IPO will go towards working capital.  About $83.6 million will be spent to satisfy tax withholding obligations that is related to stock of current and former employees.  They also plan to use a portion of the proceeds for charitable causes through Zynga.org.  In the sale, Zynga will have three classes of shares: Class A, Class B, and Class C.  Pincus owns Class B shares and all of the company&#8217;s Class C shares.  After the IPO, Pincus will control 36.2% of the company voting power.  Pincus will not be selling any of his shares in the IPO.  No other executives plan on selling stock either.</p>
<p>Some of Zynga&#8217;s venture capital investors will be selling their stock, including Institutional Venture Partners, Union Square, Foundry, and Avalon.  Google will be selling 1.7 million shares.  Kleiner Perkins will not be selling any of their stock.</p>
<p>[<a href="http://allthingsd.com/20111202/zynga-ups-the-ante-on-ipo-to-raise-as-much-as-1-15-billion/">AllThingsD</a>]</p>
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		<title>Jive Sets IPO Price At Between $8-$10 With Valuation At Over $500 Million</title>
		<link>http://pulse2.com/2011/11/30/jive-sets-ipo-price-at-between-8-10-with-valuation-at-over-500-million/</link>
		<comments>http://pulse2.com/2011/11/30/jive-sets-ipo-price-at-between-8-10-with-valuation-at-over-500-million/#comments</comments>
		<pubDate>Thu, 01 Dec 2011 00:33:50 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Jive]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Sequoia Capital]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=53746</guid>
		<description><![CDATA[Jive is a social enterprise company that has filed for an IPO. The company expects to raise over $100 million from the IPO. At the high end of the price range per share, it would put Jive at a valuation &#8230; <a href="http://pulse2.com/2011/11/30/jive-sets-ipo-price-at-between-8-10-with-valuation-at-over-500-million/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2011/11/Screen-shot-2011-11-30-at-6.56.11-PM.png" alt="" title="Screen shot 2011-11-30 at 6.56.11 PM" width="259" height="128" class="alignnone size-full wp-image-53747" /><br />
<a href="http://www.jivesoftware.com/">Jive</a> is a social enterprise company that has <a href="http://techcrunch.com/2011/11/30/jive-sets-price-range-for-ipo-at-8-to-10-per-share-valued-at-over-500m/">filed</a> for an IPO.  The company expects to raise over $100 million from the IPO.  At the high end of the price range per share, it would put Jive at a valuation of over $500 million.<br />
<span id="more-53746"></span><br />
Jive offers software that is similar to Facebook for enterprises.  Some of Jive&#8217;s features includes discussions, documenting sharing, blogging, and polls.  Jive would trade on the Nasdaq under the symbol &#8220;JIVE.&#8221;  Jive previously raised about $57 million in funding from Sequoia Capital and Kleiner Perkins.  </p>
<p>This was Jive&#8217;s revenues for the years ending:<br />
2008: $16.9 million<br />
2009: $30 million<br />
2010: $46.3 million<br />
First 9 months of 2011: $54.8 million</p>
<p>This was Jive&#8217;s net losses for the years ending:<br />
2008: $11.3 million<br />
2009: $4.8 million<br />
2010: $27.6 million<br />
First 9 months of 2011: $38.1 million</p>
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		<title>How Much Groupon Executives and Investors Made From The IPO</title>
		<link>http://pulse2.com/2011/11/05/how-much-groupon-executives-and-investors-made-from-the-ipo/</link>
		<comments>http://pulse2.com/2011/11/05/how-much-groupon-executives-and-investors-made-from-the-ipo/#comments</comments>
		<pubDate>Sat, 05 Nov 2011 20:57:39 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Accel Partners]]></category>
		<category><![CDATA[Andreessen Horowitz]]></category>
		<category><![CDATA[Andrew Mason]]></category>
		<category><![CDATA[Battery Ventures]]></category>
		<category><![CDATA[Brad Keywell]]></category>
		<category><![CDATA[Brian Totty]]></category>
		<category><![CDATA[Digital Sky Technologies]]></category>
		<category><![CDATA[Elizabeth Lefkofsky]]></category>
		<category><![CDATA[Eric Lefkofsky]]></category>
		<category><![CDATA[Fidelity Investments]]></category>
		<category><![CDATA[Greylock Partners]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Groupon.com]]></category>
		<category><![CDATA[Howard Schultz]]></category>
		<category><![CDATA[Kenneth M. Pelletier]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Maverick Fund]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[New Enterprise Associates]]></category>
		<category><![CDATA[Robert Solomon]]></category>
		<category><![CDATA[T. Rowe Price]]></category>
		<category><![CDATA[Technology Crossover Ventures]]></category>
		<category><![CDATA[Ted Leonsis]]></category>
		<category><![CDATA[The European Founders Fund]]></category>
		<category><![CDATA[The Growth Fund of America]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=52589</guid>
		<description><![CDATA[Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how &#8230; <a href="http://pulse2.com/2011/11/05/how-much-groupon-executives-and-investors-made-from-the-ipo/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img alt="" src="http://mediaserver.pulse2.com/uploads/2011/08/groupon-logo-315x155.jpg" title="Groupon Logo" class="alignnone" width="315" height="155" /><br />
Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering.  The company set their stock price at $20 and yesterday it closed at $26.11.  The company was given a valuation of over $17 billion.  <a href="http://www.businessinsider.com/groupon-billionaires-2011-11?op=1">BusinessInsider.com</a> has compiled a list of how much the executives and investors made from the IPO.  Below is the list:<br />
<span id="more-52589"></span><br />
<strong>Ted Leonsis</strong> &#8211; Former AOL Vice Chairman &#8211; Made $48.27 million from 1,848,770 shares owned<br />
<strong>Brian Totty</strong> &#8211; Groupon SVP of Engineering &#8211; Made $16.31 million from 624,786 shares ownde<br />
<strong>Howard Schultz</strong> &#8211; Starbucks CEO/Groupon board member &#8211; Made $49.59 million from 1,899,336 shares owned<br />
<strong>Kenneth M. Pelletier</strong> &#8211; Former Groupon CTO &#8211; Made $70.47 million from 2,698,944 shares owned<br />
<strong>Robert S. Solomon</strong> &#8211; Former Groupon President and COO &#8211; Made $105.88 million from 4,055,000 shares owned<br />
<strong>Andreessen Horowitz</strong> &#8211; VC Firm &#8211; Invested $40 million, Earned $132.2 million, Gain of $92.2 million<br />
<strong>Maverick Fund</strong> &#8211; VC Firm &#8211; Invested $50 million, Earned $165.3 million, Gain of $115.3 million<br />
<strong>Greylock Partners</strong> &#8211; VC Firm &#8211; Invested $65 million, Earned $214.9 million, Gain of $149.9 million<br />
<strong>Kleiner Perkins Caufield &#038; Byers</strong> &#8211; VC Firm &#8211; Invested $65 million, Earned $214.9 million, Gain of $149.9 million<br />
<strong>Morgan Stanley</strong> &#8211; VC Firm &#8211; Invested $75 million, Earned $248 million, Gain of $173 million<br />
<strong>T Rowe Price</strong> &#8211; Investment Firm &#8211; Invested $100 million, Earned $330.6 million, Gain of $230.6 million<br />
<strong>Fidelity Investments</strong> &#8211; Investment Firm &#8211; Invested $100 million, Earned $330.6 million, Gain of $230.6 million<br />
<strong>Battery Ventures</strong> &#8211; VC Firm &#8211; Invested $58 million, Earned $417.4 million, Gain of $359.4 million<br />
<strong>Technology Crossover Ventures</strong> &#8211; VC Firm &#8211; Invested $150 million, Earned $459.9 million, Gain of $345.9 million<br />
<strong>The Growth Fund of America</strong> &#8211; Fund &#8211; Invested $175 million, Earned $578.6 million, Gain of $403.6 million<br />
<strong>Accel Partners</strong> &#8211; Invested $20 million, Earned $866.96 million, Gain of $856.96 million<br />
<strong>Digital Sky Technologies</strong> &#8211; Invested $151 million, Earned $1.11 billion, Gain of $959 million<br />
<strong>The European Founders Fund</strong> &#8211; Earned $1.02 billion based on 6.2% ownership in Groupon<br />
<strong>Brad Keywell</strong> &#8211; Groupon Co-Founder &#8211; Earned $1.07 billion based on 6.5% ownership<br />
<strong>Andrew Mason</strong> &#8211; Groupon CEO &#8211; Earned $1.2 billion based on 7.3% ownership<br />
<strong>New Enterprise Associates</strong> &#8211; VC Firm &#8211; Invested $14.8 million, Earned $2.28 billion, Gain of $2.26 billion<br />
<strong>Eric Lefkofsky</strong> &#8211; Groupon Co-Founder &#8211; Gained $1.67 billion based on over 10% ownership of the company<br />
<strong>Elizabeth Lefkofsky</strong> &#8211; Wife of Eric &#8211; Gained $1.67 billion based on over 10% ownership of the company</p>
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		<title>Zaarly Adds Meg Whitman To Board Of Directors</title>
		<link>http://pulse2.com/2011/10/25/zaarly-adds-meg-whitman-to-board-of-directors/</link>
		<comments>http://pulse2.com/2011/10/25/zaarly-adds-meg-whitman-to-board-of-directors/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 17:16:00 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Bo Fishback]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Meg Whitman]]></category>
		<category><![CDATA[Zaarly]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=52329</guid>
		<description><![CDATA[Zaarly is a mobile marketplace company that has added Hewlett Packard CEO Meg Whitman to their board of directors. Zaarly has also recently raised $14 million in an investment led by Kleiner Perkins. “I just love her,” stated Zaarly co-founder &#8230; <a href="http://pulse2.com/2011/10/25/zaarly-adds-meg-whitman-to-board-of-directors/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2011/10/Screen-Shot-2011-10-25-at-1.07.33-PM-315x119.png" alt="" title="Screen Shot 2011-10-25 at 1.07.33 PM" width="315" height="119" class="alignnone size-medium wp-image-52330" /><br />
<a href="http://www.zaarly.com/">Zaarly</a> is a mobile marketplace company that has added Hewlett Packard CEO Meg Whitman to their board of directors.  Zaarly has also recently raised $14 million in an investment led by Kleiner Perkins.  “I just love her,” stated Zaarly co-founder and CEO Bo Fishback in an interview with <a href="http://venturebeat.com/2011/10/24/zaarly-meg-whitman/">VentureBeat</a>. “She built the biggest peer-to-peer marketplace on the planet Earth … I just know she’s going to make me a better CEO.”<br />
<span id="more-52329"></span><br />
Meg Whitman became CEO of eBay when the company had 30 employees.  Today Zaarly also has 30 employees.  Before joining HP as CEO, Whitman had an unsuccessful campaign for governor of California.  Zaarly considers itself as the &#8220;mobile Craigslist.&#8221;  Zaarly allows buyers to upload what they want and how much they are willing to pay for it.  Zaarly users also give an amount of time that they need it.</p>
<p>At the time that Whitman became CEO, Fishback did not know what that meant for her as a board member.  Fishback e-mailed Whitman after she became CEO of HP to find out what this meant for Zaarly.  Within 20 minutes, Whitman said that she was canceling everything on her plate to focus on HP &#8211; except Zaarly.&#8221;  Fishback also said that Whitman picks up all of his phone calls on Saturdays.  Whitman is a strategic advisor at Kleiner Perkins so Fishback was able to get a meeting in with her after the company started to prepare for raising a round of funding.</p>
<p>For security purposes, Zaarly will require a verification option for users that want to prove that they are trustworthy.  Zaarly will also have buyer and seller reviews.</p>
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		<title>iPod Hardware Designer Tony Fadell Now Building A Thermostat</title>
		<link>http://pulse2.com/2011/10/25/ipod-hardware-designer-tony-fadell-now-building-a-thermostat/</link>
		<comments>http://pulse2.com/2011/10/25/ipod-hardware-designer-tony-fadell-now-building-a-thermostat/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 16:32:12 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Al Gore]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[David Sloo]]></category>
		<category><![CDATA[Generation Investment]]></category>
		<category><![CDATA[Google Ventures]]></category>
		<category><![CDATA[Intertrust]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[Lightspeed Venture Partners]]></category>
		<category><![CDATA[Lightspeed Ventures]]></category>
		<category><![CDATA[Nest Labs]]></category>
		<category><![CDATA[Shasta Ventures]]></category>
		<category><![CDATA[Shige Honjo]]></category>
		<category><![CDATA[Tony Fadell]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=52324</guid>
		<description><![CDATA[Tony Fadell designed the hardware for the iPod and he was the head of the iPod and iPhone division before he left his VP post to spend more time with his wife and kids. His family spent a year in &#8230; <a href="http://pulse2.com/2011/10/25/ipod-hardware-designer-tony-fadell-now-building-a-thermostat/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2011/10/tony-fadell.jpg" alt="" title="tony-fadell" width="270" height="378" class="alignnone size-full wp-image-52325" /><br />
Tony Fadell designed the hardware for the iPod and he was the head of the iPod and iPhone division before he left his VP post to spend more time with his wife and kids.  His family spent a year in Paris and then moved back to the U.S.  While in Paris, Fadell <a href="http://www.wired.com/gadgetlab/2011/10/nest_thermostat/all/1">decided what he wanted to do</a> next: build a new high-tech thermostat.<br />
<span id="more-52324"></span><br />
Fadell said that there are tons of carbon being pumped into the air and people are losing billions of dollars in energy costs.  There is no easy way to control the temperature as of right now.  Fadell&#8217;s new thermostat company is called <a href="http://www.nest.com">Nest Labs</a>.  The Nest Learning Thermostat is now available for pre-order at Best Buy and Nest.com for $250.  It will start shipping this November.</p>
<p>The Nest Learning Thermostat uses artificial intelligence to report when to turn down the heat and when to increase the air conditioner so that you don&#8217;t waste money.  You can also communicate with the Nest Learning Thermostat using your mobile device.</p>
<p>Fadell thought of the the thermostat idea when he was building a green home in Tahoe.  He was very involved in the design of the house and wanted it to be as beautiful as the products he worked on at Apple.  When the architects showed him the option for thermostats, Fadell thought all of them were ugly.</p>
<p>“What was wrong with them?” said Fadell in an interview with Wired. “They were ugly. They were confusing. They were incredibly expensive. They didn’t have half the features you would expect for a modern thing. None of them were connected, so they didn’t talk to each other. I wasn’t able to remotely control them. In Tahoe, you want to be able check on the temperature of the house or turn it on before you get there. Because it’s really cold in the winter. I couldn’t do any of that, and I was like, Why is this?”</p>
<p>Thermostats had not changed much in many decades and the most popular thermostat was the Honeywell Round.  The Round was designed by Henry Dreyfus in 1953.</p>
<p>“Thermostats are made by very large companies with no incentive to innovate,” said Fadell. “Their customers are contractors or HVAC [heating, ventilation, and air conditioning] wholesalers, not consumers. So why spend to make them better? It’s a good business.”  Fadell estimated there are about 100 million homes in the U.S. and each one has between one and two thermostats, which means that there is about 150 million thermostats in homes out there.  In commercial spaces, there is about another 100 million thermostats.  And every year 10 million thermostats are sold in residential spaces.</p>
<p>One of the first engineers that Nest Labs hired was a cell phone engineer named Shige Honjo, a program manager for the iPhone.  &#8220;Think of all the air conditioning that runs in empty houses — it wastes hundreds of millions of dollars a year, and that’s Alabama alone!” said Fadell when he was pitching another early employee named David Sloo.</p>
<p>Some of the investors in Nest includes Kleiner Perkins, Google Ventures, Lightspeed Ventures, Shasta Ventures, Intertrust, and Generation Investment Management.  Through Generation Investment, Al Gore is an investor in Nest Labs.  Gore was inspired by a demo that Fadell gave at TED.</p>
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		<title>Social Navigation Company Waze Raises $30 Million</title>
		<link>http://pulse2.com/2011/10/18/social-navigation-company-waze-raises-30-million/</link>
		<comments>http://pulse2.com/2011/10/18/social-navigation-company-waze-raises-30-million/#comments</comments>
		<pubDate>Tue, 18 Oct 2011 16:24:25 +0000</pubDate>
		<dc:creator>Amit Chowdhry</dc:creator>
				<category><![CDATA[p2]]></category>
		<category><![CDATA[Horizons Ventures]]></category>
		<category><![CDATA[Jason Wong]]></category>
		<category><![CDATA[John Malloy]]></category>
		<category><![CDATA[Kleiner Perkins]]></category>
		<category><![CDATA[Kleiner Perkins Caufield & Byers]]></category>
		<category><![CDATA[KPCB iFund]]></category>
		<category><![CDATA[Li Ka-Shing]]></category>
		<category><![CDATA[Mary Meeker]]></category>
		<category><![CDATA[Waze]]></category>

		<guid isPermaLink="false">http://pulse2.com/?p=52089</guid>
		<description><![CDATA[Waze is a social navigation company that has raised $30 million in funding. Investors in this round include Horizons Ventures Hong Kong (Li Ka-shing&#8217;s private venture investments), Kleiner Perkins Caufield &#038; Byers, and the iFund. Waze has raised a total &#8230; <a href="http://pulse2.com/2011/10/18/social-navigation-company-waze-raises-30-million/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><img src="http://mediaserver.pulse2.com/uploads/2011/10/Screen-shot-2011-10-18-at-12.18.30-PM.png" alt="" title="Waze Logo" width="200" height="79" class="alignnone size-full wp-image-52090" /><br />
<a href="http://waze.com/">Waze</a> is a social navigation company that has raised <a href="http://techcrunch.com/2011/10/18/social-navigation-and-traffic-app-waze-raises-30m-from-kleiner-perkins-and-li-ka-shing/">$30 million</a> in funding.  Investors in this round include Horizons Ventures Hong Kong (Li Ka-shing&#8217;s private venture investments), Kleiner Perkins Caufield &#038; Byers, and the iFund.  Waze has raised a total of over $55 million thus far.<br />
<span id="more-52089"></span><br />
John Malloy of Blue Run Ventures and Jason Wong of Horizon Ventures has joined the board of directors at Waze.  Mary Meeker has joined Waze as a strategic advisor and board observer at Waze as well.</p>
<p>Waze started in 2009 and has free apps on the iPhone, Android, BlackBerry, and Windows Phone 7.  The app has turn-by-turn directions and uses user data for building maps.  Waze users are reporting a traffic jam every 4.2 seconds.</p>
<p>Waze said that the company plans on expanding internationally.  Waze has seen some accelerated growth in Spain, Mexico, Malaysia, and Brazil.  </p>
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