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Payments startup Square Inc plans to file for an "imminent" initial public offering, according to a source familiar with the situation, potentially putting it an a position to be a public company by the end-of-year holiday season, Reuters News reported.
A low-key style and an unusually firm handle on diplomacy propelled new Google chief executive Sundar Pichai to the top of the search engine giant, former colleagues said, cementing his successes such as creating the Chrome browser, Reuters News reported.
Formation 8, the venture-capital firm known for backing virtual-reality company Oculus VR, has filed to raise a $400 million fund for late-stage investments in Asia, highlighting the growing appeal of the region for private-company investors, Reuters News reported.
NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion, Reuters News reported.
Human-resources software company Zenefits said it had raised $500 million in venture funding, giving it a valuation of $4.5 billion and confirming a drop in appetite among venture-backed companies for initial public offerings, Reuters News reported.
To some Silicon Valley watchers, the Kleiner Perkins Caufield & Byers gender discrimination case became a referendum on the challenging state of women in technology. But for the lone woman in technology on the jury, an at times unfriendly workplace did not amount to gender discrimination at the powerful venture capital firm, Reuters News reported.
Venture firm Kleiner Perkins Caufield & Byers was run "like a boys club," a lawyer for one of its former partners who is suing the firm for sex discrimination told jury members on Tuesday.
A landmark Silicon Valley sex bias case that has forced venture capital firm Kleiner Perkins Caufield & Byers to air awkward details about its operations goes to closing arguments on Tuesday after four weeks of testimony, Reuters News reported.
Kleiner Perkins Caufield & Byers partner and Silicon Valley socialite Juliet de Baubigny took the stand Friday in a gender discrimination case against the venture firm and said she never referred to a male partner in the suit as a “sex addict," Reuters News reported.
Venture firm Formation 8 was dropped as a defendant in a U.S. civil lawsuit that accused one if its co-founders, Joe Lonsdale, of sexual assault, according to a court document filed Thursday.

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