Michael Arrington, the founder of the TechCrunch news site, has sued a former girlfriend, Jennifer Allen, accusing her of falsely claiming that he raped and threatened to kill her.Read similar

Nokia CEO Stephen Elop faces renewed criticism from shareholders this week, with attendees at the annual general meeting mincing no words in demanding the Finnish firm reconsider its devotion to Windows Phone. Elop conceded during the investor event that the Nokia leadership “make adjustments as we go,” but insisted that Lumia and Windows Phone remained Read The Full StoryRead similar

For those startups in newer areas like robotics, artificial intelligence and augmented reality who complain that VCs are too focused on consumer internet companies, help is at hand: Genesis Angels is a new VC that has raised a fund of around $100 million, with a large chunk coming from co-founder and serial investor Kenges Rakishev, which it plans to use for early stage investments in emerging areas like these and others. Based in Israel, but looking for startups worldwide, Genesis launched just this week, naming ex-Israeli prime minister Ehud Olmert as its chairman.Read similar

Paul Graham declared his love for an app called Soundbrush 2 in a tweet this morning. The app promises to let you "turn your drawings into music," and the video below demonstrates just what that means. Draw lines on the screen with your finger and Soundbrush will interpret it as musical data. With a little practice, it looks like the app can support some pretty impressive compositions. It launches in 27 days. What do you think? Next big thing? Here's the app in action: Please follow SAI on Twitter and Facebook.Join the conversation about this story »     Read similar

Here's Facebook's Q1 2013 investor presentation slideshow. It was a mixed quarter for Facebook, as the company beat revenue expectations and slightly missed on profits. We've NOT included the boring stuff like the standard disclosures and the appendix with the accounting reconciliations. (If you still want that level of nitty-gritty, see the original version here.) Otherwise ...Here we go! See the rest of the story at Business Insider Please follow SAI on Twitter and Facebook.     Read similar

Shakil Khan, an angel investor and advisor to Spotify, just launched Coindesk, a Bitcoin resource and news site, amid a boatload of hype and VC interest in the crypto-currency. Khan says Coindesk was a project he conceived of about four weeks ago, around when Bitcoin was surging to an all-time high. It’s now trading at around $124.38, or about half as much as it was trading at a few weeks ago. “I was just sitting there and I literally had five e-mails that day from very seasoned entrepreneurs, asking me — what do you know about Bitcoin?” said Khan, who has invested in t... Read similar

Bitcoins have become all the rage lately as its value has skyrocketed this year.  Bitcoins are a form of decentralized, digital currency. Today, Bitcoin is trading around $118. At its peak, it reached $266. In January, it was trading at $15. Chris Dixon, a partner at Silicon Valley firm Andreessen Horowitz, is making a bet on Bitcoin and has invested a significant amount of money into Bitcoin startups. Last month, Andreessen Horowitz invested an undisclosed amount in a seed round for Bitcoin startup OpenCoin.  Dixon envisions Bitcoins becoming a legitimate, mainstream ... Read similar

Another funding raise for a collaborative consumption startup: Spain-based private sales club Privalia, which sells branded clothes and accessories at discounted prices to members in the five markets it currently plays in, has closed a new €25m round ($32.3m). The company did not specify which round this latest raise falls under but has previously raised a total of $218m in two rounds.Read similar

Julian Robertson's Tiger Management has filed its latest 13F regulatory filing with the Securities and Exchange Commission.  During the first quarter ended March 31st, Tiger Management dumped the rest of its stake in Apple, the filing shows. The hedge fund held 42,125 during the fourth-quarter of 2012 ended December 31st.  Tiger Management did pare down its stake in Apple during the fourth quarter from 100,930 shares in the previous quarter.  A handful of big hedge funds completely exited their Apple positions in the fourth quarter of 2012.  Apple's stock was... Read similar

Netflix announced its first quarter earnings this afternoon. Revenue is inline with analyst's expectations but EPS killed and the stock is up 17% after-hours.  We're updating this post as we go, so click here for live updates > The big numbers are: Revenue: $1.02 billion verses $1.02 billion EPS: $0.31 versus $0.20 Earnings guidance: sees Q2 EPS $0.23-$0.48  Netflix added 3 million subscribers in the first quarter bringing the total to 36 million. Here's the investor letter: And the press release via Marketwatch: LOS GATOS, Calif., April 22, 2013 /PRNewswire via COMTEX/ -... Read similar