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Month: April 2012

Greylock Deepens Enterprise Experience, Adds Former BladeLogic CEO And BMC President As Venture Partner

Greylock Partners has been long focused on two distinct areas when it comes to venture investments—consumer and enterprise. The last consumer partner hire the firm made was former CEO of Mozilla, John Lilly. And today, the firm is deepening its experience in its enterprise practice with the addition of Dev Ittycheria as Venture Partner in Greylock’s Silicon Valley office. At Greylock, Ittycheria will be focusing on investing in enterprise software companies, with a focus on cloud-based services and enabling IT infrastructure. Ittycheria is a long-time enterprise veteran with a history of not only founding successful startups, but also helping lead established companies towards revenue growth. He co-founded BladeLogic, which he led through a successful IPO and eventually a sale to BMC Software in 2008 for $900 million. Following the acquisition, Ittycheria was the President of BMC Software where he led BMC’s $1.4 billion enterprise service management business with more than 4,000 employees in over 25 countries. Prior to BladeLogic, he founded early cloud computing pioneer Applica, which merged with Brakeaway Solutions (Brakeaway went public in the late 1990s). He also has a brief role as Entrepreneur-In-Residence in Bessemer Venture Partners. More recently, Ittycheria has been a startup investor and board member at several companies including Bazaarvoice, AthenaHealth and application management company AppDynamics (where Greylock is a founding investor). It was actually through his recent work with AppDynamics that he...

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Just-Eat Just Raised Another $64M From Vitruvian, Index, Greylock For Online Food Ordering

The UK may have just entered a double-dip recession but that doesn’t seem to have trickled down to how consumers are spending money on take-out food — and the companies that are building businesses around that. The UK-based online food ordering site Just-Eat has picked up a third round of funding totaling $64 million, its biggest yet, to further build out its online food ordering service. The round was led by private equity firm Vitruvian Partners, with participation from existing investors Index Ventures, Greylock Partners and Redpoint Ventures. The investment comes only a year after the company raised a venture round of $48 million, and a Series A of $17.4 million in 2009, and brings the total funding in the company up to a whopping $129.4 million in the last three years. Just-Eat will be using the money to expand into more markets outside of its current footprint of 13 countries in Europe — a footprint that Vitruvian’s managing partner Mike Risman says makes it the “world’s biggest takeaway e-commerce provider.” The FT cites figures from Experian Hitwise that say Just-Eat gets more hits than Domino’s and Pizza Hut. That expansion will likely be the in form of entirely new operations but also acquisitions, something the company has already been active in doing, in February the company buying up Alloresto in France. “This new investment will help our continued expansion....

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Microsoft Makes $300M Investment In New Barnes & Noble Subsidiary To Battle With Amazon And Apple In E-books

New York, NY and Redmond, WA (April 30, 2012) – Barnes Noble Inc. (NYSE: BKS) and Microsoft (NASDAQ: MSFT) today announced the formation of a strategic partnership in a new Barnes Noble subsidiary, which will build upon the history of strong innovation in digital reading technologies from both companies. The partnership will accelerate the transition to e-reading, which is revolutionizing the way people consume, create, share and enjoy digital content. The new subsidiary, referred to in this release as Newco, will bring together the digital and College businesses of Barnes Noble. Microsoft will make a $300 million investment in Newco at a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes Noble will own approximately 82.4% of the new subsidiary, which will have an ongoing relationship with the company’s retail stores. Barnes Noble has not yet decided on the name of Newco. One of the first benefits for customers will be a NOOK application for Windows 8, which will extend the reach of Barnes Noble’s digital bookstore by providing one of the world’s largest digital catalogues of e-Books, magazines and newspapers to hundreds of millions of Windows customers in the U.S. and internationally. The inclusion of Barnes Noble’s College business is an important component of Newco’s strategic vision. Through the newly formed Newco, Barnes Noble’s industry leading NOOK Study software will provide students and...

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Aloha Rag: Rick Owens 2012 Spring/Summer Lookbook

Hawaiian fashion purveyor, Aloha Rag has the scoop on the latest Rick Owens Spring/Summer 2012 installments with its latest in-house lookbook. The starkly contrasting monochromatic pictorial is filled with Owens’ signature tailoring on rich leather and exotic-skinned leather jackets. Owens’ distinct aesthetic is also present in the shirts and pants for this seasons menswear and womenswear range. Owens has also introduced a line of vintage-inspired sunglasses for this seasonal release, designed to complement any of the muted accessories and layering combinations present in the clothing line. The Rick Owens collection is available now at stockists, and online from Aloha Rag. Article source:...

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Bugatti Veyron Made From A4 Paper Video

Tarak Lesko of found a cheaper way to get his hands on the Bugatti Veyron supercar. Granted, his version is only 2.5-feet long and held together by glue and sticky tape, but an impressive feat in its own right. The time lapse video showcases how Lesko mapped out the model’s impressive 159 parts on 44 A4-sized sheets of paper, and how he went about putting the pieces together. Further detailed instructions on how to make your own sweet Veyron papercraft are offered here here. Source: Leftlane Article source:...

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