12/04/2013

TechFlash: 2013: The 25 tech companies with the most funding are in no rush to IPO

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December 4, 2013

2013: The 25 tech companies with the most funding are in no rush to IPO

As 2013 draws to a close, a small group of tech companies that have raised hundreds of millions of dollars in venture money remain in private control with no announced plans to go public.




Snapchat snaps up Instagram exec for COO role

Snapchat, the mobile app that sends short-lived messages between users, has hired an Instagram executive as its COO, a move that indicates Snapchat plans to stay independent despite several reported acquisition bites from Internet companies, Facebook included.




Third time's the charm for SpaceX's Falcon 9 rocket launch

SpaceX hit a milestone on Tuesday when a Falcon 9 rocket successfully launched its first commercial communications satellite into space, establishing it as a low-cost alternative to U.S. and foreign government heavyweights.




Payments startup Clinkle nabs more talent from Netflix as it rounds out its exec team

Stealthy StartX graduate and mobile payments company Clinkle has added two more former Netflix executives to its ranks after tapping former CFO Barry McCarthy as chief information officer in October.




Class-action suit filed against 23andMe for genetic test marketing

Days after federal regulators stepped in to stop 23andMe Inc. from marketing its genetic testing kit, the company is being sued for allegedly misleading consumers.




Industry Ventures closes $425 million fund

Industry Ventures said Wednesday it closed an oversubscribed $425 million secondary fund along with a $200 million "special opportunities" fund.




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Cromwell Schubarth

Senior Technology Reporter

cschubarth@bizjournals.com

408.299.1823

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