Techmeme: Compass survey: 66% of Silicon Valley startup founders pay themselves less than $50k (Martin Bryant/The Next Web)

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January 16, 2014, 4:25 AM

Top News

Kara Swisher / Re/code:

Yahoo COO Henrique De Castro, Mayer's No. 2, to depart after failing to move lagging ad business — “Dead Man Walking” Walks: COO Henrique De Castro Out at Yahoo — As has long been rumored, Yahoo COO Henrique De Castro is departing Yahoo. I had reported last week that he was in big trouble …

More: Business Insider, The Register, Wall Street Journal, Forbes, CNET, GeekWire, AdExchanger, SiliconBeat, TechnoBuffalo, Mercury News, Business Insider, Valleywag, Electronista and Tech Trader Daily

Tweets: @mikeisaac, @danprimack and @gassee

See also Mediagazer

Federal Trade Commission:

Apple to refund consumers at least $32.5M for in-app purchases made without parental consent — Apple Inc. Will Provide Full Consumer Refunds of At Least $32.5 Million to Settle FTC Complaint It Charged for Kids' In-App Purchases Without Parental Consent — Company Also Will Modify its Billing Practices Under FTC Settlement

John Paczkowski / Re/code:

Apple Agrees to FTC Consent Decree Over In-App Purchases (Memo) — Looks like Apple's settlement last year of a lawsuit over the unauthorized use of in-app purchasing in games and apps sold through the App Store wasn't enough for the Federal Trade Commission.

Brian Krebs / Krebs on Security:

A First Look at the Target Intrusion, Malware — Last weekend, Target finally disclosed at least one cause of the massive data breach that exposed personal and financial information on more than 110 million customers: Malicious software that infected point-of-sale systems at Target checkout counters.

More: New York Times, CNET, Forbes, Ars Technica, Business Insider and Reuters. Tweets: @privacychoice

Bloomberg:

Verizon Victory on Net-Neutrality Rules Seen as Loss for Netflix — Verizon Communications Inc. (VZ)'s legal victory over the Federal Communications Commission lets the carrier charge extra fees for speedier delivery of online content, potentially increasing costs for Netflix Inc. (NFLX) and other Internet companies.

More: USA Today, ABC News, Mashable, Variety, Reuters, The Switch, FierceWireless, Consumerist and BGR. See also Mediagazer

Fred Wilson / A VC:

How losing net neutrality will discourage investing in bandwidth-intensive startups

More: Gigaom, Los Angeles Times, CNET, Music Ally, BGR, Business Insider, ParisLemon and InfoWorld

Tweets: @cdixon, @adamnash, @timkarr, @brizilla, @dangillmor, @mattyglesias, @fredwilson, @amir, @emilybell and @mathewi

Edward Wyatt / NYT Bits:

F.C.C. Chairman Adds More Ambiguity to His Position on Network Neutrality

More: Slate, Official FCC Blog, New Yorker, The Verge, VentureBeat, TheHill, E Pluribus Unum and SlashGear. See also Mediagazer

Andy Greenberg / Forbes:

BitTorrent Creator's New Software DissidentX Hides Secrets In Plain Sight — Encryption tools help people keep secrets. Bram Cohen has a more subtle ambition: he wants to help people keep secret the act of keeping secrets. — For the last year Cohen, who created the breakthrough file …

More: SlashGear

Sinead Carew / Reuters:

Price war in U.S. mobile market raises fear of profit hemorrhage — (Reuters) - New Year's rivalry among U.S. mobile operators has Wall Street worried that the industry's profits could seriously decline. — After months of aggressive moves by T-Mobile US to lure customers from other carriers …

More: BGR, The Tech Report, AndroidHeadlines.com and PhoneArena

Josh Constine / TechCrunch:

Spotify Drops Free Web Listening Time Limit Everywhere - A Big Scalability Milestone — Spotify's advertising engine and paid customer conversion funnel are finally working well enough that today it eliminated all limits on free, ad-supported web listening in all countries.

More: Spotify Blog, Electronista, Pocket-lint, The Verge and The Next Web. Tweets: @joshconstine. See also Mediagazer

Bloomberg:

Microsoft CEO Candidate List Is Said to Include Ericsson's Vestberg — Microsoft Corp. (MSFT)'s board is considering Ericsson AB Chief Executive Officer Hans Vestberg as a potential successor to departing leader Steve Ballmer, according to people briefed on the search.

More: LiveSide.net, Gigaom, WinBeta, CNET and Light Reading

Tweets: @parislemon and @bloombergtech

Frederic Lardinois / TechCrunch:

Adobe Partners With MakerBot and Shapeways To Bring 3D Printing Support To Photoshop, Adds Perspective Warp Tool & Resets 30-Day Trials — Adobe today launched the latest update to its subscription-based Creative Cloud suite. While the company is updating a variety of its tools …

More: Engadget, Gigaom, The Next Web, Inquirer, Macworld, Gizmodo, VentureBeat, The Verge and Mashable

Martin Bryant / The Next Web:

Compass survey: 66% of Silicon Valley startup founders pay themselves less than $50k — What salary does the founder of your favorite startup get? Probably not a very high one — If you're a startup founder, how much should you pay yourself? Not very much, according to data that Compass has shared with The Next Web.

Tweets: @baris and @sosventures

JP Mangalindan / Fortune:

A third of SF cabbies switched from registered cabs to Uber, Lyft or Sidecar in the past year — San Francisco cab drivers are Uber's latest pickup — Uber, Lyft and other ride-sharing upstarts are transforming a slow-to-change industry from the outside in. — FORTUNE — Being a cab driver isn't what it used to be.

More: ParisLemon. Tweets: @conorsen, @bgurley, @eladgil and @caseynewton. Thanks:@jpmanga

Brent Rose / Gizmodo:

Google Play Movies and TV Finally Comes to iOS — First Google Play Books made its way to iOS. Then Google Play Music undertook the pilgrimage. So, it should be little surprise that today Google Play Movies and TV has finally made the jump. This is significant not just because it brings …

More: AppleInsider, MacRumors, Google Play, Engadget, The Verge, Cult of Mac, iPhone Hacks, Gigaom, SlashGear, TechCrunch, The Next Web, Ars Technica, IntoMobile, Softpedia News, 9to5Google and Macworld. Tweets: @googleplay

Larry Seltzer / ZDNet:

Microsoft to extend Windows XP antimalware updates one year — Summary: Security updates for Windows XP will end this April, but updated antimalware signatures for the operating system will continue for another year. — Microsoft has announced that they will continue to supply antimalware signatures …

More: Technet, The Next Web, The Register, Computerworld, ZDNet, Softpedia News, BetaNews, SecurityWeek, TWCN Tech News, CNET, Ubergizmo, Neowin, gHacks Technology News, WinBeta, Computerworld, Ars Technica, Liliputing and ZDNet. Tweets: @parislemon

Josh Constine / TechCrunch:

Zuckerberg Calls Snapchat A “Privacy Phenomenon” — Mark Zuckerberg thinks Facebook's innovated by creating a place where people could share what wasn't shared before, which is also why he thinks Snapchat is important. Today in a low-profile talk at Stanford alongside discussions of the NSA …

More: AllFacebook and Mashable. Tweets: @startupljackson. Thanks:@gallagherbilly

Evan Schuman / Computerworld:

Starbucks caught storing mobile passwords in clear text — In a case of convenience for users trumping security, Starbucks has been storing the passwords for its mobile-payment app, along with geolocation data, in clear text — The Starbucks mobile app, the most used mobile-payment app in the U.S. …

More: Help Net Security, The Verge, MacRumors, Engadget, CNNMoney.com, Ubergizmo, TechnoBuffalo, TUAW, GeekWire, Examiner, SlashGear, FierceMobileIT News, Computerworld and the rajam report

Peter Kafka / Re/code:

Viddy, the “Instagram for Video” That Wasn't, Acquired by Web Video Startup Fullscreen — Remember Viddy? — Back in 2012, the video-sharing app was growing like a weed, and lots of smart money bet that it would become an “Instagram for video.” Then Facebook, which had been fueling Viddy's rise …

More: Business Wire, The Verge, The Next Web and Los Angeles Times. Tweets: @caseynewton. See also Mediagazer

Kim-Mai Cutler / TechCrunch:

Spam-Fighting Startup Impermium Joins Google, Discontinues Third-Party Services — Impermium, a cybersecurity startup that was backed by top funds like Accel and Greylock, is joining Google. They had raised $9 million in funding from Highland Capital Partners, the Social+Capital Partnership …

More: SecurityWeek, 9to5Google, VentureBeat and The Next Web

Scott Kirsner / Boston Globe:

CloudSwitch and EqualLogic vets pocket $12 million for stealthy new startup, ClearSky Data — Serial entrepreneur Paula Long played the role of the fairy godmother in the story of ClearSky Data, a quiet new startup currently operating out of the Kendall Square offices of Highland Capital Partners...

More: bizjournals, VCPOST, VentureBeat, pevc.dowjones.com, VentureBeat and Xconomy

Tom Warren / The Verge:

Microsoft confirms Syrian Electronic Army hacked into employee email accounts — Microsoft has confirmed to The Verge that a “small number” of employee email accounts were accessed during the latest round of attacks by the Syrian Electronic Army. The hacking group posted three internal emails …

More: The Register, Ubergizmo, Re/code, TechCrunch and Business Insider. Tweets: @tomwarren

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