Wednesday 29 February 2012

Sun Microsystems-Series B Funding-Scott Mcnealy-Social Media-Wayin

Ex-Sun CEO McNealy Dives into Social Media with Old Friends

SAN FRANCISCO (Reuters) - Wayin, the new social media venture backed by Sun Microsystems founder Scott McNealy, announced it has raised $14 million in Series B funding from U.S. Venture Partners. If there's an element of déjà vu to the news, it's because the funding round closed almost 30 years to the day after McNealy founded Sun, in 1982, with U.S.V.P. as its first major investor. A nostalgic McNealy, who serves as chairman of Wayin's board, told a gathering of investors celebrating the news at his Portola Valley, Calif. home last week that the U.S.V.P. ... read more..

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