Joe Kraus–the longtime Silicon Valley entrepreneur who sold his most recent start-up, JotSpot, to Google in 2006 and has been a director of product management since–has moved to its Google Ventures unit as a partner, said several sources.

Sources added that Kraus (pictured above) is likely to be the first of several well-known appointments at the relatively new venture arm of the search giant.

Google (GOOG) announced its VC play in March and said the fund will invest $100 million in “exceptional” start-ups over the next year.

“We’ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we haven’t thought of yet,” Managing Partners Rich Miner and Bill Maris explained in a blog post when Google Ventures debuted. “Central to our effort will be our fellow Googlers, whom we view as a critically important resource to help educate us about potential investments areas and evaluate specific companies.”

Well, that now apparently means Kraus, a serial entrepreneur who co-founded the Web 1.0-era Excite portal and, in Web 2.0, JotSpot, which made wiki-style software for online collaboration.

Currently, only Miner and Maris are listed on the bios page of Google Venture’s online site.

Since the acquisition, Kraus has been leading Google’s OpenSocial efforts to develop standards for social networking platforms.

Please see this disclosure related to me and Google.

Since it debuted last week, a spoof video for Twitteleh is rising fast, with close to 200,000 views on YouTube.

It’s one of the many parodies of the popular microblogging service, Twitter, which attracts them the way it attracts valuation-mad VCs.

This one urges good sons to tweet answers to classic Jewish mother questions such as: “What have you eaten?” and “Are you wearing a sweater?”

Here it is:

And, here are BoomTown’s two favorite Twitter-mocking videos so far, one from Slate for Flutter and one from “The Daily Show,” with the incomparable Samantha Bee:

Brad Garlinghouse’s appointment to a new job at AOL today as its new communications czar is yet another sign of an interesting trend for those keeping score of the comings and goings of top Internet execs.

Garlinghouse came to the Time Warner (TWX) online unit after a year-long break, preceded by six years at Yahoo (YHOO).

As anyone who watches the digital space knows by now, this kind of management musical chairs is common and never-ending.

In fact, borrowing a quote by IAC/InterActiveCorp (IACI) CEO and chairman Barry Diller from an onstage interview I did with him at the sixth D: All Things Digital conference and switching out Hollywood for Silicon Valley: “[It] is a community that’s so inbred, it’s a wonder the children have any teeth.”

But, given all the movement of late, this insider seat-switching seems more frantic than ever, as allegiances shift, competitors become friends and colleagues become rivals faster than you can tweet.

When he left Yahoo last summer, in fact, the digital chatter was that Garlinghouse would take a job either as a venture capitalist (he had been one once) or helming a start-up (that too, at Dialpad.com).

In fact, sources said, Garlinghouse had been considering two mobile gigs, but opted for helping to try to overhaul a troubled Web giant.

Fixing messes was the impetus of Owen Van Natta, who left a top job at social networking giant Facebook in early 2008 and by the end of the year, headed over to run Project Playlist, a controversial online music-sharing service.

But then he had hightailed it by spring to try his hand at reviving MySpace, as its CEO.

His boss, News Corp. (NWS) digital head Jon Miller, did the same, getting the hook (unfairly to my mind) at AOL several years ago and then creating an investment firm with former MySpace head Ross Levinsohn.

The pair considered being part of a bid to oust Yahoo management in 2008.

Miller’s freedom lasted only until he got an offer that he presumably could not refuse from News Corp. head Rupert Murdoch recently. (Full disclosure: News Corp. owns Dow Jones, which owns this site.)

The list goes on, chock full of ex-Yahoos, in fact.

Its one-time COO, Dan Rosensweig, left the company in 2006, for example, and joined the well-known private-equity firm, Quadrangle Group.

But, soon enough, he was scooped up by Activision Blizzard (ATVI) to run its Guitar Hero division.

Yahoo Network head Jeff Weiner also departed from the Internet giant, in mid-2008, for a stint at two VC firms.

He landed at LinkedIn, the business-networking service where he was named CEO in late June.

Greg Coleman ran Yahoo ad sales until mid-2007 before taking a job at AOL earlier this year, which he lost after it got new management soon after.

At Yahoo, Coleman sparked with former advertising sales head Wenda Harris Millard, whom he ousted. She went onto Martha Stewart Living Omnimedia (MSO) and left there this spring for the Media Link consultancy.

Presto! She is now helping MySpace’s Van Natta fix the social networking site’s ad business.

Current Yahoo U.S. advertising head Joanne Bradford actually came from Microsoft last summer, via her own short visit to the troubled ad start-up SpotRunner.

Former Yahoo search techie Qi Lu now runs digital for Microsoft (MSFT), along with a big gang of ex-Yahoo techies he has recruited.

And Scott Moore is even better at the switcheroo. He was at Microsoft running MSN U.S. content, switched to Yahoo as its media poobah, left last year to consider a start-up and then headed back to Microsoft as head of U.S. content this year.

But former Google (GOOG) execs have also been busy shuttling hither and yon, mostly to innovative start-ups.

Of course, many find refuge at Facebook (COO Sheryl Sandberg, PR major domo Elliot Schrage and many more) and Twitter (GC Alexander Macgillivray and COO Dick Costolo).

Recent departures–such as Sukhinder Singh Cassidy, who landed at Accel Partners for now–are also likely to find new homes soon enough.

And, of course, there’s always Garlinghouse’s new boss, former Google ad head Tim Armstrong, who took over at AOL earlier this year.

We’ll skip former Joost CEO and former Cisco (CSCO) exec Mike Volpi (who is now a VC); former Netscape Communications/short-term VC/ex-banker/current-for-now CBS (CBS) digital head Quincy Smith; and Joanna Shields, who has worked at Real Networks (RNWK), Google and Bebo (which was bought by AOL)–for now.

Because, around and around and around it always goes, as you can see in this funny video below, which I posted previously:

[Musical Chair designed by Jacob Mathew.]

Google CEO Eric Schmidt gave what he just had to know would be a much quoted comment to the Nikkei today, explicitly saying that the company had “begun seriously looking into acquisitions again.”

Music to the beleaguered mergers and acquisitions market, to be sure, especially after a recent uptick from other big companies pulling out their wallets again as the impact of the econalypse subsides.

According to sources, Google (GOOG) is working on at least a half-dozen acquisition deals, most of which are small start-ups in the online advertising and cloud computing arenas.

That would be welcome news for many.

That’s because, as The Wall Street Journal noted in a piece today, “August was shaping up to be the worst month for deal making since 1995, according to data provider Dealogic” (see the chart).

That was, until Disney (DIS) bought Marvel for $4 billion, in a deal announced Monday.

Then yesterday, eBay (EBAY) traded 65 percent of its Skype Internet telephony unit to a group of free-spending private investors, led by Silver Lake Partners, for $1.9 billion.

While eye-popping numbers like that make dealmakers smile, most think it is in the spate of smaller venture-backed companies that more of the action will happen, with big companies like Google, Microsoft (MSFT), Apple (AAPL) and even Yahoo (YHOO) as predators.

Many of these were funded in the Web 2.0 boom and have done well enough, but are figuring out that a link with a larger fish will likely make for a better outcome, along with filling in tech and product gaps at the giants.

Think about Facebook’s $50 million acquisition of social networking site FriendFeed recently and you have the right idea.

According to more than a half-dozen Silicon Valley VCs I have spoken to this week, this is the likeliest kind of exit for a large group of their portfolio companies.

Thus, they are putting on their finest and placing themselves on display in the store window, offering talent and innovation.

“We all realize that a lot of these companies are not going to be independent, so we’re all trying to figure out where they best fit in,” said one VC. “We essentially did business development for a lot of the large companies.”

Thus, here are some companies whose names have been bandied about of late by M&A types who say they are more likely candidates for sale:

Veoh, the Web video portal that MediaMemo wrote about in July, has reportedly been searching for a home for a while now as it struggles in a costly space dominated by giants like YouTube and Hulu.

That goes for many other similar video efforts, such as Joost, Metacafe and Dailymotion, all of which have been trying to gain traction.

There is also likely to be a shakeout in the gaming and “guy” content space, which has also seen a lot of funding in the last several years and less monetary success.

Some possible names here include: Xfire, a gaming instant-messaging company Viacom (VIA) bought a couple years ago for $100 million; Giant Realm, a 20-something guy site funded by Comcast (CMCSA) and others; and UGO, Hearst’s version of a 20-something guy site.

Probably, given the need to focus on monetization, the most active M&A space will be in online advertising.

Sources said Google, for example, has been interested in companies such as Teracent, a dynamic ad-serving and optimization start-up in San Mateo.

There are lots of names in this general arena to pick from, from Tumri to Quantcast to AdMob to the Rubicon Project, not all of which are for sale, but might be for the right price.

Lastly, there is the smart phone and telecom space, where there might be some of the bigger deals.

While Palm (PALM) has been trying mightily to gain traction with its Pre offering, many think that if it does not go as well as hoped, the company will be an acquisition target eventually for giant companies like Nokia (NOK).

While many think Microsoft could also be a buyer of Palm, given the lackluster performance of its Windows Mobile devices, it might be more attuned to a much bigger catch: Research in Motion (RIMM) and its business-oriented BlackBerry empire.

Such a massive acquisition–most of those I bounced that idea off agreed–would be an uphill battle, but it would be perhaps the best fish story ever.

Please see this disclosure related to me and Google.

From vacation, that is–an activity that I highly recommend (and getting toasted at Burning Man this week does not count, although that is also apparently highly recommended in order to endure that digital dustfest).

In any case, we begin Yahoo memo-bombing in five minutes.

That is all.

Well, except for all that there is to check in on, such as the state of the regulatory approval process in the Microsoft (MSFT) and Yahoo (YHOO) deal, the upcoming Apple (AAPL) confab next week, figuring out if Twitter has either made some money or decided to sell out, ditto for Time Warner (TWX) online unit AOL and, of course, discerning whatever evil plot Google (GOOG) and Facebook are cooking up .

Also this week: BoomTown visits Activision Blizzard (ATVI) Guitar Hero HQ and Adobe (ADBE), considers the online document space, chats with some VCs in Silicon Valley, checks out some new start-ups and more.

In a quiet fund-raising effort, Ning has raised $15 million more, a round that is valuing the social networking start-up at an eye-popping $750 million valuation.

In its last fundraising $60 million round a little more than a year ago, Ning was valued at $500 million.

The money for this fifth Series E round comes from a Silicon Valley venture firm, Lightspeed Venture Partners.

The Palo Alto, Calif.-based Ning, founded by well-known entrepreneur and Ning Chairman Marc Andreessen and CEO Gina Bianchini, confirmed the funding when contacted by BoomTown. It was not actively searching for funding.

Other investors in Ning include LinkedIn Chairman Reid Hoffman, Legg Mason, and Allen & Co.

The additional funds raised bring the total garnered by Ning to $119 million.

Ning is a platform aimed at offering customizable tools that let users create their social networks about their interests, such as for fans of the movie “Twilight.”

Ning puts online ads on the sites, using Google (GOOG), and is also working on its own advertising platform. It also offers an array of other services and is planning more soon, such as a virtual-gift offering.

Founded in early 2007, it currently has 29.3 million registered users, who are using 1.3 million social networks, and it is adding one million registered users every 15 days, said the company.

But not all its social networks are active, and Ning’s monthly unique visitors are lower, according to various surveys, at about six million in the U.S.

Ning is one of Andreessen’s angel investments, although he recently raised $300 million for a new venture fund he is running with longtime investing partner Ben Horowitz.

In an interview, Bianchini said the goal was to become an even bigger platform for building social networks and the money would be used for possible acquisitions and other strategic options, attracting more talent and also to offer its social networks more tools to be discovered.

“It’s clear to me when you look the market…there needs to be a place for people to express their interests and passions,” said Bianchini, who noted Facebook and Ning do not necessarily overlap. “We want to be the social network for interests and passions online.”

Lightspeed’s Ravi Mhatre, who led the investment for the venture firm, said it was due to a lot of reasons, although he noted that the effort was not a traditional fund-raising effort, but more of an interest by Ning in adding a top VC to its investor pool and by Lightspeed in Ning’s hyper-growth.

“The growth at Ning has been massive in the last year and, combined with the quality of the team and seeing that kind of momentum, it worked out well for us both,” said Mhatre.

Two years ago, Index Ventures was part of a group that invested $45 million in Joost, the then-hot-and-hyped online video service, while bringing on well-known tech exec Mike Volpi (pictured here) as CEO.

Now, he is headed to Index as a partner at the venture firm, in what some might think is an ironic move.

That’s because last week, after much effort to get traction for Joost, Volpi announced that the service was undergoing a major shakeout–drastically cutting staff and shifting its business model and strategy.

Volpi also stepped down as it top exec, although he will stay on as chairman of Joost.

The development for the much-hyped Joost caused a small hubbub across the Internet, with much second guessing over could-have, would-have and should-haves about its strategies and product.

At Index, according to the press release, Volpi will be “based in the London office as part of the venture team where he will lead early stage investments in the Internet, telecom/networking and media sectors and contribute to the firm’s later stage growth fund.”

BoomTown talked with Volpi by phone from London about the move, which will be announced today, and about what happened at Joost.

Taking a job at Index, which is also located in London, was a natural one, said Volpi, who made a $10 million investment in Index’s first fund while an exec at Cisco (CSCO).

Over the years, he has gotten to know its partners well, including Danny Rimer.

Volpi also said he thinks it is a great time to be a VC, a new job for him. “In a market downturn, it is a good time to invest,” said Volpi. “There are a lot of great opportunities out there now.”

Currently, he is very interested in Web companies built around transactional business models rather than ad-supported ones, which he thinks need a lot more development to become significant.

Volpi should know, given his recent experience at Joost, which relied on the still nascent advertising business for online video.

“At the end of the day, the consumer offering we had was not working, a lot because we did not have enough access to content we needed to build traffic,” said Volpi.

Joost was competing with outfits like Hulu, which is joint venture of two major media companies, News Corp. (NWS) and GE (GE) unit NBC Universal, as well as Google (GOOG) video unit YouTube.

The video service was started by Janus Friis and Niklas Zennström, whom Volpi met when he served on the board of their last hit, Skype.

Volpi said that to keep competing, it needed more funding. And, since no online video service was making money, he said it was decided a change was needed instead of just keeping on the same path.

Thus, the shift to a white-label video service, becoming a back end for other video players, which is still putting Joost into what is still a very competitive business.

Volpi acknowledged this, although he noted: “It is better to be competing in sector that has profitable rivals than one that does not.”

Discussions with possible acquirers of Joost also did not pan out, due mostly to price issues. But, said Volpi, it yielded some insight about Joost’s future direction.

“Not everyone wanted to pay a lot to own Joost, but a lot of people wanted to rent it,” said Volpi.

Volpi called his time at Joost “a fantastic experience,” which he also hopes will be the case at Index.

In addition, here’s a video interview I did with Volpi when I was in London last year:

And here is the official press release on the move of Volpi to Index:

MICHELANGELO VOLPI JOINS INDEX VENTURES AS PARTNER

Technology Executive to Invest in the Internet, Telecoms, Networking and Media Industries

LONDON, GENEVA and JERSEY, 6 July 2009–Index Ventures today announced that Mike Volpi, a renowned technology industry veteran, joined the firm as a partner. Volpi is based in the London office as part of the venture team where he will lead early stage investments in the Internet, telecom/networking and media sectors and contribute to the firm’s later stage growth fund.

During his 13 year career at Cisco, Volpi acquired more than 75 companies and served as Chief Strategy Officer responsible for corporate strategy, business development, strategic alliances, and advanced Internet projects. Volpi then led Cisco’s billion dollar routing and service provider business. For the past two years, Volpi was CEO of Joost, an Internet startup focused on online broadcast TV, and recently transitioned into the role of Chairman. Volpi started his career at HP in 1989.

“Mike has been a close advisor to the Index family for more than 10 years. He has worked closely with several of our portfolio companies such as Skype, TrialPay, Joost, FON and Telegent, even serving on some of their boards, so it’s a natural progression to have him officially join our team,” said Giuseppe Zocco, partner and co-founder, Index Ventures. “Mike’s world-class leadership qualities, transaction experience, and network make him a great addition to our partnership and will enhance our ability to serve our portfolio companies.”

“Venture has become a global business and I’ve watched Index take their place as a marquee name by investing in industry-altering businesses such as Betfair, MySQL and Skype,’ said Volpi. “I’m excited to become part of this team and look forward to helping Index partner with the next generation of great entrepreneurs.”

“Index companies have benefited from Mike’s wide ranging experience and his perspective will be invaluable as we continue to identify disruptive companies to invest in,” said Danny Rimer, Index partner.

“Mike has been a great source of strategic advice and has opened many doors for Telegent ever since Index invested in the company,” said Weijie Yun, CEO of Telegent Systems. “We highly value his perspective and we look forward to working with him even more closely now that he is a permanent member of the Index Ventures team.”

]]> http://kara.allthingsd.com/20090706/mike-volpi-jumps-from-joost-to-index-a-boomtown-interview-and-full-press-release/feed/ 1 http://kara.allthingsd.com/20090705/new-vc-marc-andreessen-speaks-about-the-dark-side-and-more/ http://kara.allthingsd.com/20090705/new-vc-marc-andreessen-speaks-about-the-dark-side-and-more/#comments Mon, 06 Jul 2009 04:00:22 +0000 Kara Swisher http://kara.allthingsd.com/?p=15407

It’s finally official: Marc Andreessen has crossed over to what he once called “the dark side” and is now a venture capitalist.

Several weeks ago, BoomTown broke the news that the Silicon Valley legend and serial entrepreneur (pictured here) and his longtime investing partner, Ben Horowitz, had completed the raising of $300 million for a new venture fund.

And, indeed, the new firm–which is made up of just the two of them–is now launched and called Andreessen Horowitz. It has $50 million over the $250 million the pair had initially planned.

In an interview with me last week, Andreessen said that unlike many VC firms, Andreessen Horowitz will invest in companies at any stage of life–from early stage to late–and of any size and in any kind of digital sector.

That will mean about 60 to 80 seed investments, 15 that need following rounds and two to three late-stage companies.

In addition, the firm is able to take large equity stakes in public companies.

“We are unafraid of investing in 400 people instead of 40 people,” said Andreessen. “And we could invest $50,000 to $50,000,000.”

He noted the new firm would aim for areas the founders were more familiar with, such as the consumer Internet and mobile.

One certainty, though, was that the firm would focus on companies led by tech-savvy founders.

“We believe in entrepreneurs and those who live and breathe the tech product that they have created,” said Andreessen.

Andreessen said several major institutional investors–universities, for example–have invested large chunks in the fund, while a spate of tech luminaries has put in smaller amounts.

The quick completion of the fund raising, in the midst of a national econalypse, is a good sign. But the reputation of both longtime entrepreneurs seems to have helped.

Andreessen co-founded Netscape–the iconic browser company that was key to introducing the modern Internet to consumers in Web 1.0–and a lot of other start-ups.

He has also morphed into a mentor to many Web 2.0 entrepreneurs.

Andreessen made news when he announced on the “Charlie Rose” television show in February that he was creating the new fund.

“For the first time in my life, I am crossing over into the dark side,” said Andreessen at the time, in a joke about VCs being like Darth Vader.

Andreessen said he was essentially professionalizing the active angel investing that he and Horowitz had been doing.

Over the last several years, either together or apart, the pair have invested in a large variety of start-ups, such as Twitter, Aliph, Digg, LinkedIn and many more.

Andreessen is on the board of Facebook and an adviser to Twitter too.

Now, as a VC, he is upping the ante. “It’s important to have more capital,” he said. “Sometimes having a huge checkbook is a great thing.”

But, more important, he said, was to develop a knack for investing in successful companies with a fearlessness he said he learned from well-known VC John Doerr.

“John is always swinging for the fences,” said Andreessen. “I want to get into a cycle of backing radical ideas.”

Here’s a video interview I did with Andreessen about his new venture firm:

]]> http://kara.allthingsd.com/20090705/new-vc-marc-andreessen-speaks-about-the-dark-side-and-more/feed/ 0 http://kara.allthingsd.com/20090629/welcome-to-the-fcc-julius-now-get-to-work-on-a-national-broadband-plan-please/ http://kara.allthingsd.com/20090629/welcome-to-the-fcc-julius-now-get-to-work-on-a-national-broadband-plan-please/#comments Mon, 29 Jun 2009 20:04:21 +0000 Kara Swisher http://kara.allthingsd.com/?p=15185

Last week, after much delay, longtime Internet exec Julius Genachowski (pictured here) was confirmed by the Senate as the chairman of the Federal Communications Commission.

It is an important role for the future development of the Web, of course, although it took a dog’s age into the new Democratic administration to approve him.

Hopefully, he and the other commissioners can soon get to work on a wide range of major digital issues, such as a national broadband plan that does not cost Americans a fortune.

Genachowski, a close tech adviser to President Barack Obama, was seated along with Commissioner Robert McDowell, a Republican appointee who was confirmed for a second FCC term.

After the Senate approves two others–Democrat Mignon Clyburn and Meredith Attwell Baker for the GOP–in the next month, it will round out the five-member panel.

(The other FCC commissioner is a Dem, Michael Copps, who has been acting chairman while Genachowski got approval.)

Genachowski, a former FCC staffer, was most recently working as a VC at Rock Creek Ventures and LaunchBox Digital. But he is best known to many in Silicon Valley as a top exec at IAC/InterActiveCorp. (IACI).

He is likely to make his debut to chair his first meeting this coming Thursday, and it is a humdinger of dull:

According to the FCC’s Web site, the July open meeting, held in Washington, D.C., will consider three items:

1.) Amendment of the Commission’s Rules to Provide Spectrum for the Operation of Medical Body Area Networks: The Commission will consider a Notice of Proposed Rulemaking to allocate spectrum and establish service and technical rules for the operation of Medical Body Area Networks to monitor patients’ physiological data.

2.) Amendment of Service and Eligibility Rules for FM Broadcast Stations: The Commission will consider a Report and Order concerning changes in the FM translator rules to allow AM broadcast stations to rebroadcast their signals on eligible FM translator stations.

3.) Amendment of Part 101 of the Commission’s Rules to Accommodate 30 Megahertz Channels in the 6525-6875 MHz Band: The Commission will consider a Notice of Proposed Rulemaking addressing whether to provide licensees with authority to operate on channels with bandwidths up to 30 megahertz in the Upper 6 GHz band and whether to extend conditional authority to two additional channel pairs in the 23 GHz band, as well as an Order addressing a related waiver reques.

But the site also mentioned that “the Meeting also will include a presentation on the status of the Commission’s process for developing a National Broadband Plan.”

Now, that is something BoomTown would like to know about since this country is effectively still in the dirt-road period, in terms of high-speed broadband access for Americans.

But, of course, the cost of what we do get–which is very substandard compared to a lot of other countries–is also very pricey.

Let’s hope Genachowski–who has a lot of other issues on his plate, especially as the media industry undergoes drastic reconfiguration too–can do something about it.

In a related note, Lawrence Strickling was also OK’d to run the telecom division of the Commerce Department, which is the agency with the dough ($4.7 billion in government funds) to help the create this supposed Internet infrastructure boom with the FCC.

I remain dubious of any movement in the arena, but still hopeful.

And, until there is some action from Genachowski, here is a highlights video from an onstage interview Walt Mossberg and I did with former FCC chairman Kevin Martin–along with Verizon (VZ) Wireless CEO Lowell McAdam–at the sixth D: All Things Digital conference in 2008.

Here is the D6 video:

]]> http://kara.allthingsd.com/20090629/welcome-to-the-fcc-julius-now-get-to-work-on-a-national-broadband-plan-please/feed/ 0 http://kara.allthingsd.com/20090629/facebook-selects-new-cfo-former-genentech-exec-ebersman/ http://kara.allthingsd.com/20090629/facebook-selects-new-cfo-former-genentech-exec-ebersman/#comments Mon, 29 Jun 2009 18:19:35 +0000 Kara Swisher http://kara.allthingsd.com/?p=15195

Facebook picked a new CFO quietly, after its cloddish public parting with longtime top financial exec Gideon Yu earlier this year.

Facebook said in late March it was looking for a CFO with “public company experience,” and it seems to have gotten one in former Genentech CFO David Ebersman.

(He is pictured here–is it just me or does he look a lot like an older version of the man he will be reporting to, Facebook CEO and founder Mark Zuckerberg?)

It’s an interesting choice of a high-profile exec for the job at the headed-for-an-IPO-someday social-networking company, and one from outside the Web sector.

And, indeed, with the addition of Ebersman, Facebook inches ever closer to a public offering.

It is also a good move for Ebersman, who has been at the biotech firm for almost 15 years. But the South San Francisco-based Genentech was acquired in March by Hoffman-La Roche, which already has a CFO.

Ebersman, who will formally start in September, will oversee Facebook’s finance, accounting, investor relations and real estate functions and will also be part of the Palo Alto, Calif., company’s executive management team.

Former Netscape exec and VC Peter Currie has served as a stand-in for Yu since he left, although has not been an active financial exec.

Here is the full press release from Facebook:

PALO ALTO, Calif.–June 29, 2009–Facebook today announced that David Ebersman, the former executive vice president and chief financial officer (CFO) of Genentech, the pioneering biotechnology firm recently acquired by Roche, will become the company’s chief financial officer.

Ebersman will report to Chief Executive Officer (CEO) and Founder Mark Zuckerberg. He will oversee Facebook’s finance, accounting, investor relations, and real estate functions. He also becomes a part of the company’s executive management team, which directs all aspects of company strategy, planning and operations. Ebersman will formally start in September 2009.

“We received a lot of interest in the CFO position and had the opportunity to meet with many impressive candidates,” said Mark Zuckerberg. “We quickly recognized that David was the right person for Facebook. He was Genentech’s CFO while revenue tripled, and his success in scaling the finance organization of a fast growing company will be important to Facebook.”

“After meeting with Mark and the rest of the team, I was thoroughly impressed with everyone’s drive and sense of purpose to help people connect and share,“ noted Ebersman. “Mark is constantly pushing the company forward and he’s assembled a world-class team that is achieving remarkable results both for its users and as a business. I’m excited to join this effort and this new industry.”

Ebersman worked at Genentech for nearly 15 years. He served as the firm’s executive vice president and CFO from 2006 through April 2009, when Roche Group acquired the company. Prior to joining the company’s finance organization, he was senior vice president of Product Operations. He joined Genentech as a business development analyst. Previously, he was a research analyst at Oppenheimer & Company Inc.

]]> http://kara.allthingsd.com/20090629/facebook-selects-new-cfo-former-genentech-exec-ebersman/feed/ 1 http://kara.allthingsd.com/20090624/boomtowns-top-10-list-of-fact-challenged-revelations-that-should-be-in-the-facebook-tell-all-book/ http://kara.allthingsd.com/20090624/boomtowns-top-10-list-of-fact-challenged-revelations-that-should-be-in-the-facebook-tell-all-book/#comments Wed, 24 Jun 2009 22:34:39 +0000 Kara Swisher http://kara.allthingsd.com/?p=14955

How much is BoomTown and everyone else in Silicon Valley trying to nab a copy of Ben Mezrich’s likely-to-be-entirely-made-up-but-who-cares tale of dirty doings at Facebook?

Muchety-much! So much so that I called all my book industry contacts–hey, I am a published author, ya know!–even though I have not actually completed reading a book since the Internet started and gave me permanent attention deficit disorder.

But, so far I have come up peanuts in grabbing an early copy of Mezrich’s tome, “The Accidental Billionaires,” which is set to come out July 14.

Facebook is not pleased, of course, and will likely be challenging Mezrich’s work as specious dreck. But the drama around the book should be interesting, to say the least.

More so, since this week also came news that actors Michael Cera and Shia LaBeouf are being considered to play founder and CEO Mark Zuckerberg and that David Fincher, the director of the lugubrious Brad Pitt snoozer, “The Curious Case of Benjamin Button,” is “attached” to the movie version.

Even better: “West Wing” creator Aaron Sorkin will pen it and actor Kevin Spacey will produce the Columbia Pictures film, which will be called “The Social Network.”

Well, Hollywood sure came up with an original title!

It certainly does not signal the juiciness of the proposal for the book–which did manage to leak out last year–with a lot of tale tales in it that seem to have pretty much tracked on its oddly purple subtitle of “The Founding of Facebook: A Tale of Sex, Money, Genius and Betrayal.”

The cover–which you can see on the book’s Facebook page (the delicious gall of Mezrich!)–features a spilled martini glass and a red bra flung nearby.

Martinis? Red bras? Sex? Facebook? Really?

Obviously, Mezrich has not actually met Zuckerberg, who is a very nice geekish young man, but who has approximately the sex appeal of a rack of Facebook servers.

Powerful yes! Spockish? Yes! Sexy? Um, no, no, no.

I will not even begin to parse the red bra thing, although I am attributing the martinis to stylish former COO (and now MySpace CEO) Owen Van Natta.

But, apparently, the sex part seems to have to do with Zuckerberg starting the company with others while an undergrad at Harvard University, as a scheme to meet some ladies.

I would say there are easier ways to attract the womenfolk–not that I could give tips or anything–but whatever!

Thus, since I cannot get my mitts on the book (yet!), here’s my list of 10 completely made-up, utterly fabricated, just-call-me-Jayson-Blair things that should be in the book.

10.) Facebook was actually going to be called OnlyPrettyLadyFacebook, but cooler heads prevailed.

9.) The Wall? A clever plot by Zuckerberg to build his online service on a fascist construct, touting his hegemony over all he surveyed.

Wait, that actually happened, and now some Russians are even investors.

Long live the Zuckrepublic of Palo Alto!

8.) Reason for stealing, oops, borrowing, oops again, completely separately developing an exact replica of ConnectU social network at Harvard:

The Olympically muscle-headed Winklevoss twins used to beat up the brainy Zuckerberg on his way back to the dorm, prompting a “Revenge of the Nerds” plot line.

7.) Facebook’s Beacon advertising? All Randi Zuckerberg’s idea, so she could find out what she was getting for her birthday from her billionaire-on-paper brother.

6.) Zuckerberg’s famous flip-flops were made in China under dubious working conditions. Wait, that’s true too.

5.) The 20-something Zuckerberg is actually 93 years old, a real-life version of Benjamin Button, which would explain the social awkwardness and staring-into-space-sometimes thing.

4.) The no-breast-feeding-pictures controversy pretty much proves no one is interested in bras or, more precisely, what goes in them at Facebook.

3.) COO Sheryl Sandberg is a cyborg sent to Facebook from Google for purposes of infiltration. She and her crafty sidekick, Elliott Schrage, will become self-aware in 2012 and hunt down Zuckerberg in a thrilling chase that will also become a movie.

2.) The sex, drugs and rock-and-roll stuff actually all took place at MySpace, which really pisses off certifiably dashing co-Founders Chris DeWolfe and Tom Anderson because, once again, Zuckerberg stole their mojo!

1.) This work of fiction, oops, “fact”-ion, oops again, nonfiction, is probably not going to sell many copies because it will mysteriously be uploaded in its entirety by a widget that will distribute it free to Facebook’s 200 million plus users while simultaneously SuperDuperPoking Mezrich, by throwing real sheep at him.

Don’t say I didn’t warn you, Ben.

(By the way, here is an extra for you: The $15 billion valuation for Facebook, along with all the other Web 2.0 ones? Totally true. Just ask any VC.)

And, in case anyone was wondering what the real Facebook looks like, here is a recent video tour I did of its new HQ in Palo Alto, Calif.:

]]> http://kara.allthingsd.com/20090624/boomtowns-top-10-list-of-fact-challenged-revelations-that-should-be-in-the-facebook-tell-all-book/feed/ 6 http://kara.allthingsd.com/20090612/kara-visits-the-lobby-party-on-sand-hill-road-as-opposed-to-the-sandy-beaches-of-hawaii/ http://kara.allthingsd.com/20090612/kara-visits-the-lobby-party-on-sand-hill-road-as-opposed-to-the-sandy-beaches-of-hawaii/#comments Fri, 12 Jun 2009 23:55:23 +0000 Kara Swisher http://kara.allthingsd.com/?p=14454

Last night, BoomTown went to a lovely party thrown by David Hornik, the August Capital VC who also runs The Lobby conference in his spare time.

He threw the event because those who attend the annual invitation-only gathering in Hawaii wanted to get together again during the year in Silicon Valley for even more schmoozing.

I went to the first Lobby in the fall of 2007 (you can see my video of that below too), so Hornik let me in to have some pizza and beer at August’s offices on Sand Hill Road and use my Flip video to ask those in attendance where they thought the digital sector was in terms of the economy and innovation.

So here’s Hornik, angel investor Brett Bullington (who is also in the 2007 video, but in shorts) and BillShrink’s Peter Pham, as well a merger of MINIs.

Here’s the video (with my 2007 one below it):

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