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APiJet Technologies CEO John Schramm departs and returns to Delta
The Delta Air Lines aviator launched a joint venture in January with Aviation Partners called APiJet. In June, it held a live system demonstration at an International Air Transport Association aviation data symposium in Berlin. Now, Schramm is leaving the company.
The Funded: Lyft IPO preparations and other pre-Labor Day venture news
Lyft Inc. may try to beat Uber Technologies Inc. to Wall Street, according to a report Friday about IPO preparations it is making. The company has hired Class V Group to advise to help, according to Bloomberg, and is aiming for a March or April listing. Uber is reportedly planning its IPO in the second half of next year. One big question for the San Francisco on-demand mobility competitors is whether whoever goes first will take investors away from whoever goes second. Then again, a strong showing…
Stanford’s a top producer of startups — including the rarer unicorn and female-founded varieties
Stanford University is a top producer of most types of startup founders, including the rarer female, unicorn and serial entrepreneur varieties. But when it comes to founders with a graduate degree, Harvard MBAs lead the pack. Those are some of the findings from PitchBook Data’s annual back-to-school look at startupland. The undergrad programs with the most founders were Stanford (1,178) and the University of California, Berkeley (1,137). In the second tier of this group were the Massachusetts…
Why Bay Area residents think the American Dream is dying
As the cost of living — from home prices to gas — rises across the Bay Area and beyond, almost half of the region’s residents have lost faith in the American Dream. Forty-five percent of Bay Area residents say the American Dream — if you work hard, you will get ahead — is still true today, compared to 44 percent who say it “once held true but not anymore,” according to new research by the Public Religion Research Institute (PRRI). Even with the San Francisco Bay Area’s hot job market,…
SEC may allow more public access into private company investment, says chairman
The Securities and Exchange Commission may expand the general public’s access to investment opportunities in private companies, the SEC chairman said. The Wall Street Journal reported that SEC Chairman Jay Clayton wants to make it easier for individuals to invest in private companies. Right now, many investors can’t access investment opportunities into private companies because of current stringent financial requirements required for investors in private companies. But Clayton said the SEC wants…
Electronic Arts sued over mass shooting at Florida video game event
A lawsuit filed on behalf of a gamer who was injured during a mass shooting at a video game event in Florida on Sunday alleges Redwood City-based video game company Electronic Arts Inc, and several Jacksonville businesses were negligent in their duty to ensure a safe environment for the players. In addition to EA, Landing owners Sleiman Enterprises, security systems company Allied Universal, Chicago Pizza and GLHF Game Bar were named in the suit. The suit contends that the businesses failed to…
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