TechFlash: Hercules CEO on his $1B venture debt biz; FDA halts 23andMe sales

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November 25, 2013

Hercules CEO Henriquez on $1B venture debt business he built Manuel Henriquez has been on a roll this year, with the publicly traded Hercules Technology Growth Capital business he founded 10 years ago topping $1 billion in market cap after a 65 percent jump in its stock price. FDA orders 23andMe to halt DNA test sales U.S. regulators have ordered DNA analysis company 23andMe to halt sales of its main product, saying it needs to be approved by the Food and Drug Administration. Hang out at Box: A photo tour of the file-storage company's HQ Wander into Box's headquarters and you get a sense the company is primed for growth. It makes perfect sense: The company last month authorized the sale of $100 million in equity as it prepares for what many expect will be a 2014 initial public offering. ARMO BioSciences emerges with $20M, focus on cancer ARMO BioSciences Inc. is emerging from stealth mode with powerful science, leaders and funders. Uber gets financing for vehicle drivers, professional and civilian Uber Technologies has arranged vehicle financing discounts for transportation companies and drivers providing services ranging from its high-end UberBlack product to the low-cost UberX offering, which connects riders with citizen drivers who don't have commercial licenses and drive privately owned vehicles. More founder & funder news Care.com files confidentially for IPO next year (report) - Boston Is Bitcoin the currency of outer space? Coming soon: Adorable robot assistants that are nicer than Siri Portland startup wants to make Amazon's cloud easier to use - Portland Uber for jets: Wheels Up to launch private flight app, seek $58M

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News How Apple, Google, Cisco are competing for the $5 billion K-12 ed-tech market Zuckerberg to NSA: You are blowing it Samsung smartwatch seeks cool cred with Lovato video Twitter stock may fall, but for how long? Apple confirms PrimeSense purchase, acquires motion-sensing 3-D technology

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