from the they-pay-me-in-cred dept.
LinkedIn has published its third annual list of the top ten startups (fewer than 500 employees) in Silicon Valley most attractive to IT professionals, based on analysis of views and follows of company Linkedin pages, and pages of company employees, made by site members residing in the USA or Canada during the past year.
This year's top ten were Lytro (plenoptic cameras), Theranos (fingerstick blood tests), Fitbit (wearable fitness trackers), Coursera (online learning), Minted (greeting cards and wedding invitations), Wealthfront (investment management for individuals), Bromium (hypervisor-based security software), Twilio (cloud-based telephony), Egnyte (enterprise file storage), and Leap Motion (gesture user interface).
fyamuse: the LinkedIn blogger coaxed the honorees to choose theme songs, each of which are linked in TFA to YouTube videos.
Only one of the top ten (Coursera) was a repeat from last year's list. So what happened to the others? The answer is pretty impressive: three of the ten went public, while six others now have valuations between 1 and 10 billion USD.
Multiple sources tell us that Google is acquiring Lytro, the imaging startup that began as a ground-breaking camera company for consumers before pivoting to use its depth-data, light-field technology in VR.
One source described the deal as an "asset sale" with Lytro going for no more than $40 million. Another source said the price was even lower: $25 million. A third source tells us that not all employees are coming over with the company's technology: some have already received severance and parted ways with the company, and others have simply left. Assets would presumably also include Lytro's 59 patents related to light-field and other digital imaging technology.
The sale would be far from a big win for Lytro and its backers. The startup has raised just over $200 million in funding and was valued at around $360 million after its last round in 2017, according to data from PitchBook.
Despite a lot of hype, Lytro had little success with its expensive, ergonomically challenged, and low resolution light field cameras for consumers.
Related: LinkedIn's Top 10 Silicon Valley Startups for 'Talent Brand' - Note: Both Lytro and Theranos are on the list.
A Pocket Camera with Many Eyes - Inside the Development of Light
Holmes and Theranos' former president Ramesh "Sunny" Balwani were charged in June 2018 with nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
[...] According to the court document filed this week[*], Holmes—who is now being tried separately from Balwani—notified the court last December that she plans to submit "expert evidence relating to a mental disease or defect or any other mental condition" that has bearing on the issue of guilt. The expert providing such evidence was named in the document as psychologist Mindy Mechanic, of California State University, Fullerton.
According to Mechanic's faculty website, she focuses on "psychosocial consequences of violence, trauma, and victimization with an emphasis on violence against women and other forms of interpersonal violence." The site also notes that Mechanic "frequently provides expert testimony in complex legal cases involving interpersonal violence."
[...] In response to Holmes' plans to provide mental health evidence, federal prosecutors requested that they should also be able to examine Holmes' mental state and provide their own psychiatric evidence in court as a fair rebuttal.
[...] The judge in the case, US District Judge Edward Davila of the Northern District of California, agreed with the prosecutors. As such, he ordered Holmes to undergo up to 14 hours of psychological testing and psychiatric evaluation by two government-appointed doctors over the course of two consecutive days. Davila also ordered that the government's evaluation of Holmes be recorded on video—over Holmes' objections.
[*] Here is a link to the court document.