TechFlash: Very few VCs find $1B exits; Apple patents Lytro-like tech

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November 26, 2013

Just 14% of VCs have bagged a $1B exit Much has been written lately about how rare it is to find a startup that hits a billion-dollar valuation. Turns out the venture firms that backed these "unicorns" are pretty scarce, too. Apple patents Lytro-like 'focus later' photo tech Looks like Lytro might not have the only cameras you can shoot now and focus later with in the future. Apple now has a patent that could bring the feature to the iPhone. Flipboard's latest funding doubles to $100M A $50 million funding round announced by Flipboard in September has reportedly grown to $100 million. RelayRides gets okay for peer-to-peer car renting at SFO RelayRides, the peer-to-peer automobile rental startup, has won approval from San Francisco airport officials to pick up and drop off people who are renting vehicles through its service. More founder & funder news Family feud over, Pritzkers invest Hyatt fortune in startups Why the snowball queen of New Orleans will be remembered forever This Coke exec wants to kill the press release NewME founder gives minorities and women an equal chance at starting up Meet the 19th century entrepreneur who took history's first selfie

Cromwell Schubarth Senior Technology Reporter cschubarth@bizjournals.com 408.299.1823 Connect with us SVBJ Tech News What Yahoo's Katie Couric hire reveals about its content strategy Forrester: Online holiday sales to exceed $78 billion this year No shortages on the horizon for iPhone 5S Google's Schmidt seeks iPhone converts, penning guide for switching to Android Intel looks to unload its nascent web TV division for $500M

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