Publicly traded memory maker Violin Memory (VMEM) has posted another quarterly loss in excess of $20M (this is the third or fourth in a row), begging TheRegister to wonder aloud “can they avoid a trainwreck?” Keep in mind, the market cap of the entire company is $36M, which means they are successively putting up quarterly losses worth roughly 2/3 the company’s market cap. This, after 7 funding rounds totalling $187M, their Series D valued them at...

Apparently funded by some tech accelerator out of France, “Sneefr” took 50K ($50,000, not $50,000,000), they will “connect the people who want to buy and sell safely in a simple way”.

We’ll file this one under “down rounds” given that not long ago Yahoo spurned a $45 Billion offer from Microsoft, early bids for Yahoo are coming in the 2 or 3 billion range .Remember, Yahoo recently bought Tumblr for presumably $1 billion  (does that mean all that “value added” by the acquisition has made Tumblr the entire company?).  

  Theranos scratches 2 years worth of lab tests. (Turns out 94% of their “in-house” lab tests were outsourced to external companies. The 6% remaining have all just been discarded as invalid.) BREAKING: Elizabeth Holmes’ exec assistant quits. Funding raised: $637 M Valuation: $9B Revenues: undisclosed

I just finished reading Dan Lyon’s “Disrupted”. I devoured it in a little over 2 days and took frequent breaks to email various friends and colleagues (many of them tech CEOs of non-unicorns, go figure) that they had to read it. The story of Lyon’s tumultuous ride at Hubspot, a tech unicorn which has never shown a profit, and will probably never show a profit didn’t tell me anything I didn’t already know. It didn’t...