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  • LAUNCH Incubator is seeking a full-time Program Director to work in San Francisco and Burlingame. Apply here or share the link with an associate who might be interested.

  • Apple sues Qualcomm for $1B; alleges Qualcomm has been charging royalties for technologies with which it has no association, and has charged Apple more than it charges competitors; also claims Qualcomm retaliated against Apple for cooperating with law enforcement investigations of Qualcomm - Link

  • Atlassian ($6B market cap) FQ2 beats: $149M revenue, up 36 percent year-on-year; $1.7M net loss; projects $155M to $157M revenue for Q3; estimates Trello revenue of $4M for F2017- Link

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  • A consortium of Asian investors acquires mobile apps company Outfit7 for $1B; Outfit7 is known for its "Talking Tom and Friends" apps on iOS and Android, which represent 5.6B downloads; founded in 2009; 200 employees; consortium is represented by United Luck Group Holdings - Link

  • AI customer support startup Eloquent Labs raises $1.5M seed from Khosla Ventures, XSeed Capital, Alchemist Accelerator and others; provides chatbots to assist website visitors - Link