tech:

taffy

Ubiquiti Networks Adds Benchmark Capital’s Bill Gurley To Board

[Techtaffy Newsdesk]

Bill Gurley, general partner at Benchmark Capital, has joined the board of directors at Ubiquiti Networks, a next-generation communications technology company.

“At Benchmark, I strive to work with great entrepreneurs who change the world for the better,” said Gurley. “What Robert has built with Ubiquiti Networks is the most radically disruptive business model I have ever seen. This represents the future of networking and stands to fundamentally upset the industry status quo. Joining the board to work shoulder-to-shoulder with him was a natural fit for us both.”

Gurley, who has been a general partner with Benchmark Capital for more than 10 years, also holds board seats with Demandforce, Opentable, Uber and Zillow among others.

Prior to working in venture capital, Gurley spent four years on Wall Street as a research analyst. He covered companies such as Dell, Compaq and Microsoft, and he was the lead analyst on the Amazon IPO. Gurley previously worked as a design engineer at Compaq Computer, working on products including Compaq’s first multi-processor server.

 

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.