When the nine-person startup he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an account with Betterment, an online financial adviser launched in 2010 that automatically invests in a portfolio of exchange traded funds based mainly on a client's age.
People
Social inequality in San Francisco spurs verbal brawl among VCs
Ongoing tensions over how to handle social inequality in San Francisco sparked an a rare outburst among venture capitalists Monday. Facebook Inc executive-turned-venture capitalist Chamath Palihapitiya called for San Francisco Mayor Ed Lee
Head of eBay's PayPal unit steps down to join Facebook
David Marcus, who has led eBay Inc's fast-growing payments unit PayPal for the past two years, will step down this month to run Facebook Inc's messaging products, the companies announced on Monday.
Romania sentences hacker 'Guccifer' to jail
A Romanian court sentenced hacker "Guccifer", who broke into the emails of former U.S. president George W. Bush's family, entertainment figures and the head of the Romanian secret service, to four years in jail on Friday.
Apple’s HealthKit is made in Australia, startup founder claims
Alison Hardacre, co-founder and managing director of HealthKit, a Melbourne-based startup and owner of both the HealthKit Twitter handle and the healthkit.com website expressed disappointment over Twitter on Apple's use of its company name in its new product.
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The Association for Corporate Growth Orange County chapter ("ACG-OC") bestowed coveted awards celebrating growth, innovation and corporate responsibility to Orange County's finest companies Thursday night at the sold out Annual Awards Gala held at the Island Hotel.
Marlin & Associates Securities LLC (M&A), the boutique investment banking and strategic advisory firm, announced that, effective today, Jason Panzer has been named to the newly created position of Chief Operating Officer.
China's top search engine Baidu Inc has hired GoogleInc's former artificial intelligence (AI) chief Andrew Ng to spearhead research in a field that promises to show Internet companies how to maximize use of their vast data trove.
As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy.
Vinod Khosla, co-founder of Sun Microsystems and now a prominent venture capitalist, on Monday testified about his cutting access to a popular beach in a court case that calls into question a California tradition of open access to the state's famed coastline.
American billionaire Ronald Lauder through Pan African Investment Company (PIC) funds an undisclosed amount in convertible debt to Kenyan car manufacturing startup Mobius to produce Africa's cheapest car.
Part-way through Alibaba Group Holding Ltd's long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the company's best interests.
CEO and co-founder Pat Kinsel of Spindle has become a partner at venture capital firm Polaris after he successfully sold Spindle to social microblogging site Twitter, gaining him the title of "entrepreneur in residence."
Two coincidental events took place as Weibo executives rejoiced the warm welcome it received from the international financial markets after its IPO on the NASDAQ and the release of venture capitalist and Weibo user Charles Xue.
