Investor and Silicon Valley kingpin Marc Andreessen is stepping down from eBay’s board of directors after a six year tenure.
Andreessen announced the move on Twitter — as he often does — noting that it had been “an absolute privilege” to work with eBay President and CEO John Donahoe.
Donahoe himself returned the compliment in an official announcement from eBay, in which he said:
“Marc has been an extraordinary board member, and we greatly appreciate the leadership, insight and expertise he has provided over the past six years. He has provided invaluable support to me, the board and the entire company.”
Andreessen’s move comes less than a month after eBay announced plans to split itself and PayPal into separate companies. The deal is expected to be completed in the first half of 2015, and is likely to enable PayPal to be more agile in the fast-moving world of payments.
Other executives on eBay’s board include the company’s founder Pierre Omidyar, and Ford Executive Chairman William C. Ford.
Image via Joi Ito / Flickr
The rest is here: Marc Andreessen Steps Down From eBay’s Board Ahead Of Split With PayPal
DigitalOcean today announced that it has secured $10 million in equipment financing from CapX Partners. CapX previously invested in DigitalOcean’s $3.2 million seed round in 2013. The announcement comes on the heels of its huge $37.2 million funding round earlier this year led by Andreessen Horowitz to fuel its fast growth.
We don’t usually hear all that much about equipment financing rounds these days, but that’s probably because most startups these days don’t have all that much equipment that needs financing.
For DigitalOcean, however, getting discounts and lines of credit with Dell and other vendors was very important during its early days because it does actually have to incur quite a bit of cost to keep its co-located data centers running and scale them up as demand grows.
Early on, DigitalOcean often had a hard time coping with the ever-increasing demand and had to limit access to new cloud computing instances on a number of occasions.
“CapX was impressed with the company’s product offering, customer growth, and the trend for small business to move IT needs to the cloud,” said Peter W. Washington, Vice President of CapX Partners, in a statement today. “DigitalOcean’s impressive management team and support from its lead investor, Andreessen Horowitz, convinced CapX to step up its financial commitment to the business. We look forward to growing our relationship with both DigitalOcean and Andreessen Horowitz.”
DigitalOcean COO Karl Alomar said today that, “CapX is providing a meaningful contribution towards our overall syndicated leasing structure and remains one of our key partners in this regard.”
CapX says that in the process of working with the company, it has helped Digital Ocean to “draw down incremental tranches of capital to better match the company’s scaled financing needs.” This “Lease Line of Credit” structure is meant to help the company “manage its capital efficiently during the new shareholder’s investment period,” CapX noted in today’s announcement.
Follow this link: DigitalOcean Closes $10M Equipment Lease From CapX Partners
Marc Andreessen just announced Andreessen Horowitz’s latest investment on Twitter. The firm is investing $90 million in Tanium, an enterprise security and system management startup which lets IT control an entire network using natural language in a search engine-like interface.
Here’s how Andreessen Horowitz board partner Steven Sinofsky describes the software in a blog post on the venture capital firm’s blog:
Orion popped open his laptop and navigated to Tanium’s web-based “console”. At the top of the screen, we saw a single edit control like you’d see for a search engine. He started typing in natural language questions such as “show computers where CPU > 75%” and “show computers with a process named WINWORD.EXE”. Within seconds — just like using search — a list of computers scrolled by as though it were an existing spreadsheet or report.
Sinofsky goes on to explain what that enables you to do:
You can literally ask almost anything of an endpoint — such as configuration, patch status, software inventory compliance, performance, reliability measures, telemetry, network activity, files, and more (basically anything you can ask of a running system) — and get answers back in seconds. Not only can you ask questions, but you can take actions as well: distribute and install updates, shut down processes or executables, remove or quarantine files, and so on. All of this happens in seconds, across your entire network of endpoints, across LAN segments and the WAN, from branch offices to headquarters to the data center.
You can watch Tanium CTO Orion Hindi give a demo of Tanium’s software in the video below:
In the tweet announcing the investment, Andreessen noted that it was the first venture capital investment in Tanium since the company was founded in 2007.
Sinofsky’s blog post notes that the startup was already profitable (explaining how the company managed to not raise any venture capital for seven years) and operating at full scale, with “dozens of customers in massive, mission-critical, and global deployments.”
An Andreessen Horowitz spokesperson sent TechCrunch the following statement:
Tanium wanted to make sure that the product was rock solid before announcing it publicly. They operated without a sales or marketing staff for five years, and instead focused their time, energy and resources on building an incredible tool for enterprise systems management. That said, Tanium has hundreds of customers right now, all of which you can find on the Forbes 1000 or the Global 2000. The company works with large, established enterprises across a range of verticals, including banking and finance, telecommunications and retail.
IMAGE BY Tanium
Read the rest here: A16z Invests $90 Million In Tanium, An Enterprise Systems Management Startup
Tweetstorms. Everyone hates ‘em… and yet, they don’t seem to be going anywhere anytime soon.
Ever since entrepreneur-turned venture capitalist Marc Andreessen joined Twitter and began sharing his thoughts in long, multi-Tweet segments, we’ve seen a proliferation of these so-called “tweetstorms” cropping up every few days.
A small but influential group of Twitterers that have followed Andreessen’s example — including a few members of his firm, Andreessen Horowitz — and forsaken the usual blog post for the more immediate gratification of sharing their thoughts by grouping together a big collection of stream-of-consciousness Tweets.
But if you’ve ever tried to put together a tweetstorm yourself, you’d find the process can actually be a lot of work. That’s especially true if you thread those tweets together by replying to one after the other and (presumably) deleting the @mention of your own Twitter screen name.
Anyway, if you’re going to participate in the horrible activity that is tweetstorming, there’s now a better way.
Long-time Internet resident and developer Dave Winer has created a new tool he calls “Little Pork Chop” that allows users to compose an entire tweetstorm which will be automatically sent out to all their followers.
Once you’ve given it access to your Twitter account, Little Pork Chop enables you to draft out your thoughts and automatically separates them into new tweets based on the character count. Or, you can separate them yourself with a carriage return.
It numbers and threads tweets together, and in its latest release even supports the ability to publish in reverse order so that a anyone who goes to your Twitter page will be able to understand them without reading chronologically backwards.
So yeah… use it wisely.
Read this article: Now Anyone Can Tweet Up A Storm With Dave Winer’s ‘Little Pork Chop’
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Bitcoin wallet service Coinbase released a new Payment Page feature today that reserves a custom URL for users to receive Bitcoin payments and donations.
If you have a Coinbase account already, you can head to the settings section of the site to reserve your username. Your payment page will then show up at coinbase.com/yourname.
To mark the launch of the new pages, Coinbase is partnering with Nas, Marc Andreessen and Code.org to match donations (up to $50,000) for their payment pages. Nas is raising money for Watsi.org, while Andreessen is directing donations to social innovation venture fund SV2.
Image Credit: George Frey/Getty Images
See the rest here: Coinbase introduces personalized payment pages for receiving Bitcoins