Thursday, December 15, 2016

Bay Area Tech Wire - Dec. 15

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BAY AREA TECH WIRE -- Dec. 15, 2016
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To subscribe: www.bayareatechwire.com

o San Francisco-Based Memebox Lands $60 Million in New Funding Round

o Yahoo Discloses Data Breach Affecting More Than 1 Billion
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Flo Raises $1 Million in Seed Funding for Women's Health App
o Survey: Few Women, Minorities in Senior Investment Roles at VC Firms
o Palo Alto-Based Medallia Names Scott Aronson as Chief Revenue Officer
o Briefly Noted: Viptela, You Technology
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--Job Listing: California-based Marketing Representative - Fairfax County EDA
--Job Listing: Vice President Product Management - Los Angeles
--Proven, Cost-effective IN-MARKET Support for Federal Contractors

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o San Francisco-Based Memebox Lands $60 Million in New Funding Round

San Francisco -- Memebox, the San Francisco-based developer of a beauty platform powered by mobile and data science capabilities, said on Thursday it has raised $60 million in a new round of funding. Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures, Cota Capital and Janet Gurwitch took part in the round, which is an extension of the company's $66 million third round. Memebox, which now has raised $160 million since its founding in 2012, said it will use the additional proceeds to streamline its mobile shopping experience, develop a database of beauty ingredients and products and build out its global operations. The Y Combinator graduate began with a subscription box model before quickly moving into developing its own in-house brands. Leveraging data collected from customers, the company built research and development labs in South Korea to test and develop four in-house brands - Bonvivant, Nooni, I'M Meme and Pony Effect. Since the brands launched, they have been growing 60% quarter-over-quarter. More than 88% of the company's online sales come through its mobile app. "We've been focused on growing our operations in Asia -- particularly in China -- but with this funding we plan to streamline our global operations at our company headquarters in San Francisco," said CEO Hyungseok Dino Ha.
http://www.memebox.com
http://www.prnewswire.com/news-releases/memebox-announces-series-c-extension-of-60m-300377567.html 

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o Yahoo Discloses Data Breach Affecting More Than 1 Billion

Sunnyvale, Calif. -- Three months after disclosing a major cyber attack, Sunnyvale-based Yahoo late Wednesday revealed another data breach that appears to be twice as big, affecting more than 1 billion user accounts. The company said it recently discovered the 2013 incident, which is distinct from a separate 2014 breach that affected 500,000, disclosed in September. "The stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using MD5) and, in some cases, encrypted or unencrypted security questions and answers," wrote Bob Lord, Yahoo's chief information security officer, in a blog post. "The investigation indicates that the stolen information did not include passwords in clear text, payment card data, or bank account information. Payment card data and bank account information are not stored in the system the company believes was affected." Yahoo is advising all users to change their passwords and security questions, and review their accounts for suspicious activity. The latest revelation could jeopardize Verizon's $4.83 billion acquisition of Yahoo's core internet business, announced in July.
https://yahoo.tumblr.com/post/154479236569/important-security-information-for-yahoo-users 
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o Flo Raises $1 Million in Seed Funding for Women's Health App

San Francisco -- Flo, the San Francisco-based developer of an app that calculates women's periods and tracks and predicts menstrual cycles, ovulation and fertile days, said on Thursday it has raised $1 million in seed funding. Flint Capital led the round, which also included participation from the Haxus Venture Fund. The company said it will use the proceeds to expand the product globally and further develop its machine learning technology, with the goal of becoming a personal health and wellness assistant for millions of women. Launched in late 2015 by parent OWHealth, Flo already has more than 2 million active monthly users and app installations of 4 million.
https://www.owhealth.com/ 
http://finance.yahoo.com/news/flo-period-tracker-app-raises-183100208.html 
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o Survey: Few Women, Minorities in Senior Investment Roles at VC Firms

Washington, DC -- Although women comprise nearly half of the total venture capital workforce, few are in investment decision-making positions, according to a new report from the National Venture Capital Association (NVCA) and Deloitte. The organizations said that women represent just 11% of investment partners or equivalent on venture investment teams. Racial minorities also are significantly underrepresented across the VC industry, according to the survey. By race, the report found that non-white employees comprise 22% of the venture capital workforce, including black employees at just 3%. "The survey results reinforce what we already know, which is that the venture industry is not representative of the overall population of the U.S.," said Bobby Franklin, president and CEO of the NVCA. "Transparency is a powerful force for change, and we now have a clear benchmark by which we can measure progress to create a more inclusive venture capital industry."
http://nvca.org/pressreleases/new-survey-reflects-lack-women-minorities-senior-investment-roles-venture-capital-firms/
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o Palo Alto-Based Medallia Names Scott Aronson as Chief Revenue Officer

Palo Alto, Calif. -- Medallia, the Palo Alto-based developer of web-based software designed to let companies capture and quickly react to customer feedback, on Thursday named Scott Aronson as its chief revenue officer. Aronson previously spent more than decade at VMware, serving as the company's head of global channels and alliances and leading worldwide field operations at spin-off Pivotal. "Scott's background in scaling global sales organizations is ideal for the journey ahead," said CEO Borge Hald.
http://www.medallia.com 
http://finance.yahoo.com/news/medallia-names-vmware-veteran-chief-130000188.html 
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o Briefly Noted:

(San Jose, Calif.) San Jose-based Viptela, a developer of software-defined Wide Area Network (SD-WAN) technology, on Thursday named Russ Harris as its senior vice president of operations. Harris most recently was the president and chief operating officer (COO) of Breathometer, and previously was the senior vice president of operations at Echelon.
http://viptela.com/ 
http://www.businesswire.com/news/home/20161215005293/en/Viptela-Names-Russ-Harris-Senior-Vice-President 

(San Francisco) San Francisco-based You Technology, developer of a digital offer network that integrates with point of sale systems or retailer loyalty programs, on Thursday named Neeta Bidwai as its vice president of marketing and Julia Rhodes as its vice president of product. Bidwai most recently served as the senior director of marketing at RedOwl, while Rhodes was the vice president of product at Pillow Homes.
http://www.you.net
http://www.businesswire.com/news/home/20161215005321/en/Technology-Expands-Executive-Team-Support-Rapid-Growth 

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> California-based Marketing Representative - Fairfax County EDA

The Fairfax County (Virginia) Economic Development Authority seeks a Los Angeles/Orange County-based marketing and business development representative. Responsibilities include promoting Fairfax County as a technology center to California companies considering expansion to the east coast. Fairfax County, home to approximately 9,000 technology companies is located just outside of Washington DC. For further details, visit the FCEDA web site at http://www.fairfaxcountyeda.org/about-fceda/contracting-opportunities or contact Flor Morrobel at fmorrobel@fceda.org Responses are due on December 30, 2016 by 2:00 p.m. ET. Proposals submitted via email and/or fax will not be considered. Qualified applicants will be interviewed in California the week of February 6, 2017.

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> Vice President Product Management

We are looking for a strong Vice President of Product Management who will play a major growth role for a nearly 1 BN dollar, high growth, publicly traded, online marketplace and information services company, one of the leading technology companies in the United States. This is our oldest commercial client, 11+ years, and we can provide exceptional insights into the company's culture, its people, and the opportunity. In addition to the tactical Product skill sets and experiences required below, this executive must offer significant experiences interacting with C-level leaders. He or she will play an instrumental role in defining and shaping the Product function across the company, working closely with both the Division President and the Corporate CEO, and interacting daily with multiple peers in different functional areas. The company continues to grow rapidly, both organically and through acquisition. This leader will have a history of scaling a world-class product capability and team. The role is headquartered in our client's beautiful Los Angeles office. Full relocation is offered. Benefits are comprehensive. Compensation ranges from 280k - 375k, plus upfront equity and annual equity grants. Candidates must have a history of job stability, have a strong educational background, and be a pleasure to work with. The pace is fast, the opportunity to make an impact is significant, the people are bright and motivated, politics are kept to a minimum; it's very much a meritocracy. For more information or to apply, contact  bill.hoffman@trustedforce.com.

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> Proven, Cost-effective IN-MARKET Support for Federal Contractors of all Sizes and Disciplines

KPYoung & Associates, Inc. provides proven, cost-effective support for Federal Contractors of all sizes and disciplines. Services include Growth Strategy; Marketing and Communications; Business Development; Capture Strategy / Proposal Response; and Business Management. Kevin Young is a long-time, Washington, DC-based resource as a Professional (IBM Federal, Unisys, SAIC); Management Consultant (Capgemini, CSC, Deloitte, Deltek, ITT, Leidos); Adjunct Professor (George Mason University's School of Business); and Thought Leader (Government Market Master™ Executive Education Program). Honors over 30-plus years include IBM Outstanding Achievement in Marketing Award, IBM Award of Excellence, and (as IBM site team) the Malcolm Baldrige National Quality Award. Federal clients and Contractor clients are available upon request; full credentials and references may be found via www.linkedin.com/in/kevinpyoung. For an introductory call, please contact Kevin at 703-794-1100 or kevinpyoung@earthlink.net.
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