7/23/2023 0 Comments Who founded bitcasa![]() ![]() Like the overwhelming majority of start-ups in Silicon Valley, however, Bitcasa’s vision soon collided with reality, and in particular, the very real costs of storing its users’ data. To top it all off, the startup said in the filing that it has “no new venture funding in sight.”Īt the root of these problems is the financial outlay Bitcasa has to make to rent its AWS cloud servers while also keeping its previous unlimited-storage plans running on other infrastructure, the company wrote in a court filing that outlined its case.Ī couple issues emerged over time with Bitcasa’s two key-selling points: a low-cost unlimited-storage plan for $99 a year and its “zero-knowledge” encryption technology “which makes it impossible for Bitcasa or third parties to know what particular data resides in a particular user’s account,” the document stated. While most of the financial details were redacted in the public court documents, The Recorder, a legal newspaper, was at the hearing and reported that Judge Alsup said Bitcasa was losing $67,000 a day because of the court order.īitcasa has apparently been burning through cash since its inception (it raised a $7 million series A round in June, 2012 and a $11 million series B round in November, 2013) and now appears to be on shaky ground, according to a court document detailing statements the startup wanted redacted.Īccording to that document, complying with the court order and losing money each day was seriously jeopardizing the company a court-ordered extension was “likely to push Bitcasa into bankruptcy within weeks, if not days,” the document stated. As part of its revamped storage infrastructure, the startup wanted to move all of its customer data to new Amazon Web Services storage servers, but because of the court order, it had to pay to maintain its old servers in addition to the new infrastructure. The case boiled down to plaintiff Shawn Romack’s claim that the three-week timeframe Bitcasa gave users to move or lose their stuff wasn’t enough time.īitcasa cannot be happy about this given that it claimed it already took a big financial hit due to a court order earlier this week that pushed back the data-deletion date for just a few days. District Judge William Alsup on Wednesday. A resident of San Jose, Steve and his wife Michele have three children.If you want to hold onto your Bitcasa infinite-drive data long enough to move it somewhere else, you’ll need to pay Bitcasa $99 for an additional month, according to an order from U.S. In 2008, Steve completed a graduate program in business and political negotiations at Harvard University's Kennedy School of Government. Murrow College of Communication at Washington State University where he served three terms as student body president, Steve worked in marketing in the athletic department of The University of Arizona. State Department training media and political leaders in Eastern Europe and Africa.Īfter graduating from the Edward R. Senate Press Secretaries Association and as a delegate of the U.S. Prior to joining TiVo, Steve spent a decade in a variety of leadership roles in political communication as a senior adviser to three U.S. ![]() Steve also leads TiVo’s Silicon Valley engagement with key members of the media and community philanthropic and policy leaders. Steve Wymer leads corporate communications and public relations for TiVo Inc., responsible for creating and driving the communications strategy around the company's global priorities and development. Steve Wymer - Vice President, Corporate Communications & Public Relations, TiVo Inc. Brendan currently lives in Westchester County, NY with his wife and daughter and a Carol Channing ventriloquist dummy that he spent nearly $400 on for some inexplicable reason. Though born in Virginia, he considers himself a proud New Jersey native. in sociology from the University of Maryland, College Park. He began his career in the the public education department of The Eye-Bank for Sight Restoration, the world’s first transplantation organization. During his career, Brendan has worked in-house and agency side for Juniper Networks, VeriSign, 463 Communications, and Edelman. Prior to Foursquare, Brendan worked at daily-deal provider LivingSocial, handling domestic and international business communications. Previously, he served as head of communications for Foursquare, developing and leading the external communications efforts through three rounds of funding, four new product launches (including the unbundling of Foursquare’s core use cases into two separate apps, Foursquare and Swarm,) and the introduction of several lines of monetization. Brendan Lewis - Partner at The Pramana Collectiveīefore joining The Pramana Collective, Brendan was named Global Head of Communications for Shazam, one of the world’s most popular apps that connects people to the world around them. ![]()
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