Tibco Software agreed to be taken private in a $4.3 billion sale to Vista Equity Partners, a private equity firm specializing in software firms.
Tibco is one of Silicon Valley's oldest tech companies and its technologies are used to power real-time data systems such as those used by banks, stock exchanges, and news networks -- Reuters once owned 49% of the company.
Michael Calia, reporting for the Wall Street Journal, writes that Tibco had spent much of the summer examining its options before deciding on this strategy:
This is the life of professional video gamers: They train for hours each day, score lucrative endorsement deals, and get flown all over the world to compete in front of fans – sometimes at sold out venues – for big cash prizes.
Top players get recruited into professionally managed teams, not unlike how Ferrari and Red Bull have Formula 1 drivers who are on the same team but still compete individually. Such is the life of a professional athlete and it's the same for top video gamers.
A couple of decades before the Pebble Watch, the Samsung Gear, the Sony Smartwatch, the i’m Watch, the Moto 360 or the LG G Watch were a couple of other time pieces worn on the wrist and produced by two Silicon Valley natives.
In 1995, Apple had its own branded watch to help with a marketing campaign for its new operating system. And 20 years before that, Intel had the Microma digital watch.
Google's run-ins with European regulators have become a never ending marathon with no signs of an end. In the latest development, Robert Thomson, the CEO of Rupert Murdoch's News Corp., is lobbying the European Commission to hold Google accountable for abusing its dominant position in search (93% share in Europe).
The BBC reported that Thomson's "strongly worded letter" to Joaquin Almunia, Competition Commissioner, calls
...Google a "platform for piracy" whose power "increases with each passing day."
Will Oremus, senior technology writer at Slate, reports that, "Silicon Valley Has Officially Run Out of Ideas." Because the recent TechCrunch Disrupt conference in San Francisco, awarded Alfred, the top prize in its competition for startups.
Coming up next week: "I'm a Startup - Bringing Together SF Community and Technology Leaders," a discussion moderated by Sarah Austin from Pop17, (above) Kim Mai Cutler, Techcrunch; Mark Horvath Invisible People; Bevan Dufty HOPE for the City; and Chuck Collins,SF YMCA CEO. Kim Mai Cutler has written thoughtful articles on this subject.
Next week I'll be speaking at "Startup Voodoo" a new conference in St. Louis organized by Aaron Perlut and his team at Elasticity, a digital marketing and PR firm. I experienced some of the energy and the spirit of St. Louis at a recent dinner in San Francisco organized by Washington University, which featured CEOs of 21 startups, and attended by alumni now living in the San Francisco/Silicon Valley area.
Have you ever wondered what you'll look like in 10, 20 years? The University of Washington and Intel Labs has embarked on a facial aging project using big data to analyze and predict the way people's faces age.
Demonstrated at Intel Developer Forum 2014, finding your predicted future face is exceptionally easy through the use of an iPhone app. All the user has to do is input some information relating to age, gender and ethnicity, then select or take picture of herself using the front-facing camera. The rest then appears like magic.
Ten years ago I launched Silicon Valley Watcher with a story about the Intel Developer Conference in San Francisco. The post was tongue-in-cheek because I have a theory that Intel's health is best measured by a simple metric: the quality of the backpacks given out at its conferences.
Intel is a notorious penny pincher (except where it matters) and if it is having trouble meeting its quarterly numbers its budget cuts are instant. Intel will even shrink everyone's cubicle space, maybe in the theory that productivity per square foot increases. Co-founder Gordon Moore kept a large round table in his cubicle. He said it was there so that they couldn't shrink his cubicle further.
Ten years ago the Intel backpacks were decent but not as good as those from just six months ago, and signaled a leaner time for the world's largest chip company. This year there seems to be a marked improvement in Intel's fortunes because the backpacks were of a much better quality.
Here's some images from this year's IDF:
Congratulations to Bryan Rhoads, at Intel Digital Media Labs, for winning the Content Marketing Institute's top award: Content Marketer of the Year for activities that, "inspire the industry to achieve more."
This week at the Techcrunch Disrupt conference, it seems that "innovation" has been lost in a discussion about disruptive companies.
John Biggs reported:
Investment bankers Bill Hambrecht and Clayton Christensen took to the Disrupt SF stage today to defend the concepts of disruption and to address the ways the Valley predicted the future of financial services and technology.
“‘Disruption’ is, at its core, a really powerful idea,” [Christensen] said. “Everyone hijacks the idea to do whatever they want now. It’s the same way people hijacked the word ‘paradigm’ to justify lame things they’re trying to sell to mankind.
The newly formed San Francisco Taxi Workers Alliance (SFTWA) is looking for a boost this evening (Sept. 9) with a recruitment drive and rally at the Plumbers Union Hall, 1621 Market Street, at 6.30pm. Speakers include Bhairavi Desai, president of the National Taxi Workers Alliance, and Tim Paulson, President of the San Francisco Labor Council.
I've known Robert Scoble for a long time, nearly ten years. Shortly after I left the Financial Times in mid-2004 to become the first newspaper journalist to make a living as a blogger-journalist, we met in a Manhattan bar.
He was working at Microsoft at the time, and I remember we talked about how difficult it was to hide your true feelings when writing blog posts.It's easy to see if the writer is authentic or not — there seems to be a sort of Turing test at work, an authenticity test that can't be faked.
The new Friday market on mid-Market Street was a big hit with hundreds of people enjoying drinks, food trucks, and shopping eclectic stalls on a warm autumn evening. Mayor Ed Lee and several supervisors arrived, too. I managed to speak briefly with the Mayor about some of the tech community issues and urged him to integrate the tech community and not keep it segregated. He agreed and said the Friday market was a step in that direction.
I was on a Bulldog Reporter panel this morning with former Wired senior writer Steven Levy and he spoke about his new gig at publishing platform Medium, which was co-founded by Ev Williams from Blogger and Twitter.
There's a new mid-Market Street event starting Friday (Sept. 5) at 4pm across from Twitter's HQ (above). It might tempt the thousands of techies in the neighborhood (not just Twitter) to venture out and explore their neighborhood. They spend all day inside a free-food and free apartment cleaning paradise and only have to brave the tough world of San Francisco's poorest neighborhood for brief moments when arriving and leaving work.
This Friday event might encourage exploration and new neighborhood connections. InsideScoop SF reports:
I recently met Jeffrey Shaw (above) , CEO of Underground Cellar, a startup focused on helping wineries sell wine online. He and his team has developed a great technology platform to allow wineries to market themselves and sell their wines but it is also using its own platform to sell wine on behalf of many wineries — using a clever business model.
Life is good for Marcin Kleczynski, from Chicago. At 24 years old, he recently raised $30 million for his anti-virus startup Malwarebytes, and he won Ernst & Young's Entrepreneur of the Year 2014 Northern California region award for emerging sector companies.
He has also spent nearly a decade in business making him one of Silicon Valley's veteran startup entrepreneurs and one of its youngest. He's has several decades ahead of him to achieve even more. Here's my notes from a recent conversation with Marcin.