venture capital

Joseph Menn

Accel Parters’ Jim Breyer, one of the most highly regarded venture capitalists in Silicon Valley, joined the board of Dell today, fueling speculation about new directions for the computer maker.

Mr Breyer’s other boards include top retailer Wal-Mart, which would be an ideal spot from which to sell computers indirectly, and Facebook, which is a part of many conversations about where end-user trends are heading. Read more

  • Indian police filed formal charges against former Satyam chairman B. Ramalinga Raju, two of his brothers, two Price Waterhouse auditors and four others, in a widening of the probe into the outsourcing giant’s alleged fraud. Meanwhile, four parties emerged as serious bidders for what’s left of Satyam, set to be auctioned off on Monday.
  • The Australian government is set to invest $31bn in the construction of a national broadband network. The eight-year project is expected to create 37,000 jobs, and will amount to the nation’s largest-ever infrastructure project.

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  • Google is looking for the next Google. With Google Ventures, a new venture capital arm, the internet search giant hopes to expand its already outsized influence on Silicon Valley and eventually rival established venture firms such as Kleiner Perkins and Sequoia Capital.
  • Facebook is replacing its chief financial officer as it seeks to balance rapid growth against increased capital needs and a closed IPO market. Speculation about Facebook’s financial health has been rampant of late, but today details emerged that suggested the company is in better shape than many thought.

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