Gideon Yu

Recommendation engine Hunch confirms that they’ve raised a new round of financing – $12 million – led by Khosla Ventures . Partner Gideon Yu , who joined Khosla Ventures last year, was previously the CFO of Facebook. He is now joining Hunch’s board of directors as part of the deal. Hunch was valued at $52 million in the round. I spoke to cofounder Caterina Fake this evening about the round. Fake says that Hunch, which is less than a year old , now has lots of data to work with in making...Read Full Story

SAN FRANCISCO (Reuters) - Internet social network powerhouse Facebook has hired the former chief financial officer of Genentech as its CFO, filing a spot that has been empty for about three months. Facebook said on Monday that David Ebersman will join the company in September. Ebersman served as CFO of Genentech from 2006 until April this year, when the biotech company was acquired by Roche Holding. "His success in scaling the finance organization of a fast-growing company will be important...Read Full Story

David Ebersman, a former executive at biotech firm Genentech, was named Monday as Facebook's chief financial officer. Ebersman, 39, will formally start at the Palo Alto, Calif.-based online hangout in September. He replaces Gideon Yu, who left abruptly in March. Facebook said at the time it was looking for someone with "public company experience," even though Yu had previously worked at Yahoo Inc. — which is public. Ebersman hails from Genentech, which has been sold to pharmaceutical company...Read Full Story

Gideon Yu, the Chief Financial Officer who raised nearly $500 million for the booming social network, is resigning from the company. Yu, who came on board in September of 2007, will be moving on to greener pastures as Facebook continues to struggle to crack the sercret of monetizing it's huge traffic. From a post about the ouster at Valleywag: One by one, Facebook CEO Mark Zuckerberg has driven away his cofounders and close confidants. The latest to go: chief financial officer Gideon Yu. It's...Read Full Story

As was widely reported earlier in the week, Gideon Yu is no longer the Chief Financial Officer (CFO) of Facebook. The official reason is that Facebook wanted a CFO with public company experience. Kara Swisher has a nice recap of the situation . What's this mean? 1. Facebook is lying. Who knows whether the departure of Yu is a good, bad, or neutral thing for the company, but no way in hell is the reason he is out is because they need a CFO with public company experience. For starters...Read Full Story