In 2012, Ellen Pao, a partner at the Kleiner Perkins Caufield & Byers, sued the venerated venture capital firm for sexual harassment and discrimination. It was a more cloistered time and the allegations were shocking, creating a fissure in Silicon Valley's self-image and spurring a wider discussion about sexism in the tech industry.
Earlier today, the Wall Street Journal broke the news that Yahoo, the corporate equivalent of Remember the 90's is "close" to investing in Snapchat, the fratty harbinger of our ephemeral future, at a $10 billion valuation. A source told Valleywag the amount Yahoo is investing is only $20 million and that the deal has closed.
SXSW has morphed into spring break for marketers, but Secret and its investors are working real hard to #win it anyways. The same hour that the app launched a feature to see anonymous confessions nearby, the Journal says Secret will raise $10 million at a $40 million valuation. It launched 5 weeks ago.
First they came for the perks. Quirky, the product development startup that raised $68 million last September, just sent out a memo delaying the week off it promised employees in October until Thanksgiving. Between that and laying off its chief revenue officer, we're sure the "damn good party (and talent show!)" consolation prize will be a boozy affair.