Vinod Khosla's Entry Into New York City

Image via Wikipedia

AllThingsD: Khosla Wins the Bidding War for GroupMe, New York’s Startup of the Moment GroupMe, a New York startup that lets users send group text messages to to their cell phones, didn’t exist in April. Now it’s worth about $35 million..... Original investors including First Round Capital, Betaworks, Lerer Ventures and Ron Conway’s SV Angel, who put some $850,000 into the company earlier this year, are all slated to invest again. ..... a bidding war for the right to fund GroupMe broke out in the past few weeks. The company ended up with multiple term sheets to pick from before signing with Khosla Monday. ..... GroupMe works on any run of the mill “dumbphone”, and part of the company’s pitch is that salt of the earth folks (Church groups! Hunters!) have been using it since it opened up in August. ..... Hecht and Martocci left jobs at very red-hot startups — Tumblr and Gilt Groupe, respectively ..... The two formally hatched their plan at TechCrunch’s Disrupt Hack Day event in May. .... what investors are really hoping for, at least right now, is that GroupMe follows the same trajectory of another zero-to-hero New York startup — Foursquare. It’s worth nothing that Khosla tried very hard to fund that company’s last round, but missed out.

Larry Ellison Cracks Me Up

Image via CrunchBaseReuters: Oracle enlists private eyes to find HP CEO

Oracle Corp has hired private investigators to track down Hewlett-Packard CEO Leo Apotheker, believing testimony by the former SAP chief will help its efforts to claim about $4 billion in damages for software theft .... Oracle has subpoenaed Apotheker -- who began his job only last Monday -- but HP has refused to accept the subpoena, saying the U.S. software corporation is trying to harass him. .... their new chief, whose appointment surprised Wall Street and Silicon Valley ..... Oracle and Europe's top software maker are engaged in a legal battle that has transfixed Silicon Valley ...... Apotheker's lawyers at Gibson Dunn & Crutcher also 
Image via CrunchBaserefused to accept the subpoena. If he is overseas, Oracle will be unable to serve him and have to await his arrival in California

I can see the point behind the lawsuit. SAP admitted guilt a long time ago. And I can see why Apothepo needs to be deposed. I guess I even see the point in hiring detectives. But it does get quite dramatic at that point. That hiring detectives part is signature Larry Ellison.