• Quinn: Mark Hurd is back at top - 09/18/2014 06:29 PM PDT
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    (AFP/Getty Images)
    Alibaba IPO won't rain money on Silicon Valley

    Unlike the big IPOs that have rained wealth onto Silicon Valley and lined the pockets of tech employees, Alibaba won't be the blockbuster payday the valley has come to associate with public offerings. 
    Laura A. Oda/Staff file photo
    The University of California on Monday announced plans for a $250 million venture capital fund to finance startups created by students and faculty, signaling a growing interest to cash in on companies created in dorm rooms and classrooms.
     
     
    The University of California announced Monday plans to create a $250 million independent venture fund to pursue investments in enterprises funded by UC research, subject to approval by its Board of Regents.