Silicon Valley Still King of Venture Capital

Silicon Valley in northern California remained the center of the earth for venture capital in the second quarter of 2014 according to PitchBook data. Of the $21.6 billion of venture capital (VC) investment worldwide, $9 billion, or 41.6%, went into 374 deals in what is referred to as the San Francisco Bay Area. Overall, VC funding was at the highest level in 14 years.

For VC entrepreneurship, there is Silicon Valley and then there is everybody else.  The entire continent of Europe came in second place by completing $2.6 billion in VC deals, followed by New York City with $1.4 billion and the Northwest with just $800 million.

The Silicon Valley bell cow deal for the quarter was “Uber,” based in San Francisco, a company that has developed mobile applications that connect passengers with drivers of vehicles for hire and ridesharing services. In dozens of cities around the world, the Uber app allows personal luxury cars to be reserved by sending a text message or using a mobile app. The location of the reserved car can be tracked by customers from their cell phone. 

Founded as UberCab, by May 2011 the company was subject to a cease-and-desist letter from its home town San Francisco Municipal Transportation Agency for operating an unlicensed taxi service, and a legal demand from the California State Public Utilities Commission for operating an unlicensed limousine dispatch. The company has also been sued and restrained by government agencies in cities around the world. But the company changed its name, paid fines and settled some complaints.

The company’s founder, Travis Kalanick, is no stranger to business litigation and government regulatory problems. In 1996 at the age of 21 years old, he had started the peer-to-peer movie sharing website and gained 250,000 active users. But he was shut down when 30 media companies sued for $250 billion in copyright infringement. He quickly started another company and sold it for $19 million in 2007. 

Uber closed on $1.2 billion in fourth round VC raise-up on a stunning $17 billion valuation. The money is all the more impressive, given the company has few tangible assets because all of its taxi/limo Lincoln Town Cars, Cadillac Escalades, BMW 7 Series, and Mercedes-Benz S550 sedans are independently owned and Uber just rents miles driven.

Silicon Valley had three other VC-backed companies in the billionaire valuation club that closed funding deals.  Airbnb, the vacation room rental site, was valued at $10.3 billion; Pinterest, the picture book marking site, was valued at $4.9 billion; and LendingClub, the crowd funded small lender, was valued at $3.7 billion. No other region had a billion dollar deal. The next closest was New York City’s Oscar Health Insurance, the Google Map-style doctor-finder and self-diagnosis site, was valued at $720 million.

Although Silicon Valley did attract 42% of VC investment dollars, it only accounted for 23.5% of the 1,591 worldwide deals that were funded with VC money in the second quarter. Although Europe had long been in disfavor by VC investors because of high regulations, high taxes, was a perception of a non-entrepreneurial society; they were second in deals closed at 302.   

Allot of naysayers are claiming that the Silicon Valley tech culture has to start fading, but their continued venture capital dominance means that investors are still bullish on the creativeness and zeal of the Silicon Valley wonder-kids. 

From July 15th to July 29th, Chriss Street will be teaching “Entrepreneurship and Capitalist Business Strategy” at Ho Chi Mihn University in Vietnam

Source: Breitbart Feed

Hillary Says She ‘Donated’ High Speaking Fees to ‘Charity’… aka the Clinton Foundation

Hillary Clinton is attempting to justify the hundreds of thousands of dollars she gets for speaking fees by claiming she has “donated” those extravagant fees to “charity.” But it turns out that “charity” is her own Bill and Hillary Clinton Foundation.

Late in June, students at the University of Nevada-Las Vegas pleaded with Hillary to return the budget-crushing $225,000 she got to speak there.

Hillary’s speaking fees have become such a hot-button issue for colleges that one school in Buffalo, New York is trying to protect itself from protest by refusing to disclose what it recently paid Hillary to speak.

After weeks of claiming that she and Bill were “dead broke” despite having earned over $100 million since Bill left the White House and after her high speaking fees were criticized by at least one college group, Hillary was finally pressed by a reporter.

Since the controversy has swirled around her for several weeks, ABC News finally asked the former Secretary of State about what she charges for appearances and where the cash goes. Hillary told ABC’s Ann Compton that she “donated” the fees to “charity.”

“All of the fees have been donated to the Clinton Foundation for it to continue its life-changing and life-saving work,” Hillary claimed. “So it goes from a foundation at a university to another foundation.”

This is the same foundation that even The New York Times said was “rife” with cronyism, fraud, and waste.

Hillary did not follow her comments with any indication that she was considering giving back the fees to UNLV or curtailing what she charges for future appearance.

The former first lady, though, isn’t the only one in her family crying poor–or at least instigating of charges of elitism by claiming they don’t really care about money.

After his wife’s admittedly “inartful” statement, Bill Clinton came out swinging to back up her claim that they were “dead broke” upon leaving the White House even though as Bill’s last term was coming to an end the pair were also buying several multi-million dollar homes in New York and DC.

The couple’s daughter, Chelsea, similarly claimed that she just doesn’t care much for money. This is the same carefree girl who paid $10.5 million for an apartment in New York and who gets paid $600,000 a year for a no-show “journalism” job.

Follow Warner Todd Huston on Twitter @warnerthuston or email the author at

Source: Breitbart Feed

False Equivalency Threatens Honesty in Israeli, Palestinian Teen Murders

The Big and Lethal Lies are coming at us faster and harder than ever before.


ISIS has just crucified eight Muslim men for not being “extreme” enough in their Islamic practice. They kept their bodies on display in a town square in Iraq for three days. The ninth crucified man survived.

Horrifying—yes? Equally horrifying are the mass beheadings and the football games ISIS has been playing with the human heads. However, the leading western media are focusing mainly on the Palestinian Arab boy who was burned alive. Why such a focus?


Mainly because it is alleged–but in no way proven—that the Arab teenager was murdered by “Jews,”  “settler” Jews, who were both bold and foolish enough to enter a dark, lower middle class all-Arab neighborhood, Shua’fat, in the middle of the night to kidnap an Arab boy. No one stopped them. So far, the media, both left and right, seem to be following the Arab narrative.


Now, a cousin of this same boy has alleged that he was badly beaten by “masked” Israeli soldiers and he has the photos to prove it.

What next? Accusations that the IDF is using poison gas? Sterilizing Arabs through the drinking water? (Suha Arafat made this accusation standing right next to Hillary Clinton, who claimed it had not been properly translated).


Here is what I am sure about.


Arabs Muslims honor murder their own daughters on the basis of mere rumor. They bury them alive, burn them alive, stone them, stab them again and again, essentially torture-murder them. Some Muslims also honor murder their daughters for the sake of money by claiming that a particular man dishonored the girl who had to die—and now that man owes blood, money, or a free wife.


Even in Biblical times, Dina’s brothers did not kill their kidnapped and raped sister, Dina in an honor/”horror” killing. They killed her rapist and all those who allowed him to do it and get away with it. Arab Muslims murder their own sons if they are homosexual; rather, since homosexuality is both rampant but forbidden in the Arab and Muslim world, families do so only if such behavior becomes “known.”


When honor killers are questioned by the police (in Israel or Jordan), they lie outright. The entire community backs them up. The girl ran away. She killed herself. She threw herself down the well. The boy was kidnapped by Jews….


Read the pioneering work of Joseph Ginat and Gideon Kressel. Read their extraordinary field-work based stories of case after case just like this.

Arabs and Muslims engage in eternal blood feuds on the micro-level and in endless religious wars on the macro-level. They do not feel guilty. They are at it right now and are taking down the entire Middle East and leading us into an intense World War. What’s new is that the presumably civilized West is accepting this as a “given,” pretending that we can negotiate. Like Saudi Arabia’s King, we, too, act as if we are immune to such barbarism as long as it keeps taking place outside the Kingdom, not in the West.


Arab Muslims claim that Jews, Zionists, Israelis committed massacres during the War of Independence, (Deir Yassin, Lydda), when they have not done so. The world media and world leaders instantly echo the false allegation and for complex reasons, recently explained by Carolyn Glick, many American Jewish leaders and left Israeli leaders quickly believe the worst of Israel. Makes their lives easier, not having to always defend a pariah nation rendered so via Blood Libels.


Yes, it is possible that two Jews snapped and actually committed a heinous, heartless murder. But we do not know that. I am waiting for proof. I will accept the truth although it runs counter to Jewish and Israeli culture. Also, please note: Israelis immediately condemned the kidnapping-murder of this Arab boy. Arabs celebrated the kidnapping-murder of three Israeli teenagers 

It is equally possible that the same Arab Muslims who cooked up the fake murder of Mohammed Al Dura and the fake massacre in Jenin and who are known to doctor footage and stage fake murders and fake wounding at Israeli hands, have just now Done It Again.


The very media that is reporting IDF strikes in Gaza literally fails to record the twenty plus rocket attacks on southern Israel in the last few days, which destroyed a schoolhouse and a paint factory or the twenty rockets that were aimed at both Sderot and Ber’Sheva over the Sabbath.


The world media is conspiring in Blood Libels against the Jews. In the past, we know that all such anti-Jewish Blood Libels function as incitement to pogroms, massacres, and genocidal extermination.


I hope and I pray that more blood lust is not unleashed by such western collaboration–but I fear it already has.


Source: Breitbart Feed

Hillary on Speaking Fees: It Takes A Foundation?

In 1996, Hillary Clinton penned, It Take A Village. Currently under fire for her six figure speaking fees, it seems It takes a foundation is Hillary’s current mantra. Unfortunately, Hillary’s defense doesn’t do anything to relieve the frustration of students upset over skyrocketing tuition. To somewhat quote her, what difference does it make what foundation it goes to if it’s still coming out of someone other than Hillary’s pocket?

Hillary Clinton on Friday defended her six-figure speaking fees, saying she’s donated all the money earned from colleges over the past year to her family’s foundation. “All of the fees have been donated to the Clinton Foundation for it to continue its life-changing and life-saving work. So it goes from a foundation at a university to another foundation,” she told ABC News on Friday.

The former secretary of State and potential 2016 presidential contender reportedly charges about $200,000 for speaking engagements.

Source: Breitbart Feed

Pat Roberts Stumbles in Answering About His Kansas Residency

In an interview that aired on Kansas City’s KCMO 710 AM/103.7 FM last week, Sen. Pat Roberts fielded questions about his reelection with host Greg Knapp, which included queries about a debate with the three other candidates vying for the Republican nomination for his Senate seat, his long-tenure in the U.S. Senate, the debate about his residency and what sets him from challenging front-runner Milton Wolf.

On the topic of his residency, which has been subject of controversy, Roberts insisted he was a resident of Kansas and downplayed the importance of actually being in Kansas in order to properly represent Kansas.

However, Roberts did stumble during his explanation when asked where he spends his time when the Senate is not session, which apparently has not been his declared residency of Dodge City, a home that has been rented out. Roberts answer could be interpreted he only Kansas when he is facing a political opponent in an election.

“Well, I think that everybody should understand when you’re in Dodge City, you stay in Dodge City – it’s a very difficult task to get around all over the state,” Roberts said. “Now you could move to Topeka, you could move to Kansas City, you could move where Milt is, which is two blocks from Missouri. We had declared Dodge our residency. My kids went to school there. Every time I get an opponent — I mean, every time I get a chance, I’m home. I don’t measure my record with regard to a senator how many times I sleep wherever it is. We meet all the requirements.”

In a statement on Friday, Wolf blasted Roberts’ response in the interview.

“Pat Roberts has been in Washington for 47 years, and for him now to admit that he comes ‘home’ to Dodge City only when he gets an opponent is a slap in the face to Kansans,” Wolf said.

(h/t Politico)

Follow Jeff Poor on Twitter @jeff_poor

Source: Breitbart Feed