Quick Bytes – 25 Aug: The U.S. Academic Brain Drain and More
A look at the most interesting startup and business-related news stories of the week.
The U.S. is Risking an Academic Brain Drain
Quick Byte
The U.S. is risking an academic brain drain. There is very little certainty around the Trump administration’s plans for visa and immigration reform, making it easier for highly skilled foreign researchers and workers educated in the U.S. to be poached by offers elsewhere.
The Full Story
Linsen Li is a Chinese-born, 30-year-old specialist in advanced batteries — a postdoc in MIT’s material science and engineering program. He received his Ph.D in chemistry from the University of Wisconsin, in all spending the last seven years in the U.S. His infant son, William, is an American citizen. Read the Full Article Here
Shervin Pishevar Claims Benchmark Wants to Remove Ariana Huffington from Board
Quick Byte
Early Uber investor Shervin Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Pishevar also claims that Benchmark is seeking to remove Arianna Huffington from the board of directors.
The Full Story
Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Read the Full Article Here
Trapped in Tech’s Unicorn Land
Quick Byte
The land of unicorns looks considerably less magical these days. Money keeps flowing into private tech companies, but exit options are narrowing. Not that private investors have noticed. The IPO market remains anemic for technology companies, and the M&A market isn’t faring that much better.
The Full Story
The land of unicorns looks considerably less magical these days.
Not that private investors have noticed. The IPO market remains anemic for technology companies, and the M&A market isn’t faring that much better. Read the Full Article Here
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