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Hedge Fund Rising

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Editor’s note:   Glenn Solomon is a Partner with  GGV Capital. Some of his recent investments include Pandora, Successfactors, Nimble Storage, Isilon, Domo, Square, Zendesk, Quinstreet and AlienVault. His personal blog, goinglongblog.com , focuses on growth-stage entrepreneurs who are thinking big. Follow him on Twitter  @glennsolomon .

Scrolling through reports of recent venture financings, the names of the firms involved has changed quite a bit over the past few quarters. Of note, hedge funds have entered the later-stage, pre-IPO investment arena in a meaningful way. Firms like Coatue Capital (Snapchat, Box), Valiant Capital (Pinterest, Evernote) and Tiger Global (One Kings Lane, Nextdoor) are not new to venture investing but appear to be ramping their pace and investing in some of the most sought after private companies globally.

Similarly, several other hedge funds are entering the market and large, long-only fund managers such as T. Rowe Price (Pure Storage, New Relic) and…

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WhatsApp Is Down, Confirms Server Issues [Update: It’s Back After A 210-Minute Outage]

Great minds are needed.

TechCrunch

Update: WhatsApp experienced an outage for around 210 minutes today from 11am to 2:30 pm PST. Users around the world reported that they were unable to send messages, and WhatsApp confirmed these problems at 12:16pm PST with a tweet stating “sorry we currently experiencing server issues. we hope to be back up and recovered shortly.”

https://twitter.com/wa_status/status/437319926605680640

WhatsApp started towork again for some users at 2:30pm PST after around 150 to 210 minutes of downtime. Some users reported  that “last seen” stamps vanished from their conversations when WhatsApp first came back online, but now some say they’re appearing again.

At 2:48pm PST, WhatsApp confirmed it was back up with this tweet

https://twitter.com/wa_status/status/437319926605680640

Around the same time, WhatsApp CEO Jan Koum apparently told the Wall Street Journal via email that “we had a server outage, should be OK now.”

WhatsApp users flocked to Twitter asking “Is WhatsApp down?”. They…

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Yesterday Apple Fixed A Bug In iOS 7. It’s A Doozy

Bravo

TechCrunch

Yesterday Apple announced a fix to a security bug in its iOS 7 system. Today Web security experts have parsed the patch to figure out what exactly the problem was… And apparently it’s a doozy.

Wired has all of the gory details:

“[The] terse description in Apple’s announcement yesterday had some of the internet’s top crypto experts wondering aloud about the exact nature of the bug. Then, as they began learning the details privately, they retreated into what might be described as stunned silence. “Ok, I know what the Apple bug is,” tweeted Matthew Green, a cryptography professor at Johns Hopkins. “And it is bad. Really bad.”

The culprit of what may be one of Apple’s biggest security snafus is an extra “goto” in one part of the authentication code, Wired reported. That spurious line of code bypasses the rest of the authentication protocols.

The bug could could allow hackers…

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