How Sand Hill Road Became the Main Street of Venture Capital

Like Hollywood, Sand Hill Road is a metonym for an industry based on dreams: VCs gathered in low-slung office buildings funding startups that aim to change the world (sometimes they even succeed). Like Chernobyl, though, it’s also a proxy for some cataclysmic flameouts. Here’s how a sleepy 5.6-mile stretch of roadway in Menlo Park, California, […] Read more »

Synchronoss to sell unit to Siris Capital for $1 billion

(Reuters) – Software maker Synchronoss Technologies Inc said private equity firm Siris Capital Partners would buy its Intralinks Holding unit in a deal worth about $ 1 billion. Siris, Synchronoss’ top shareholder, will also invest $ 185 million in the company in the form of convertible preferred equity. [nBw1QwWdBa] Reporting by Supantha Mukherjee in Bengaluru; […] Read more »