A month after being named San Francisco’s interim mayor, Ed Lee was ushered into a small conference room at Twitter Inc. headquarters, his first visit to a technology company. The social networking startup, which had about 400 employees and was planning to add at least 2,000 more, was considering leaving the city, its executives said.
Innovation Works, the venture capital firm founded by Google Inc.’s former China head, said its new fund focused on Internet startups in the Asian nation attracted investors including Ron Conway and Yuri Milner.
Federal Communications Commission Chairman Julius Genachowski lives by his Apple iPad. He reads speeches off it. He marvels at using an app to identify constellations in the night sky. He wants everybody to be as connected as he is.
AOL Inc. , the once-dominant Internet service provider that saw its market value and user base dwindle over a decade, may restore lost relevance after yesterday’s purchase of TechCrunch Inc. and two other startups.
Causes , a for-profit company that lets Facebook Inc.’s users give money to charities, raised $9 million in new funding and began selling gift cards in supermarkets as it aims to bring more philanthropy to the Web.
Facebook Inc.’s initial public offering is poised to create some 850 new millionaires, spawning a new class of angel investors looking to help other startups build on the popularity of the biggest social network.