Business News Roundup, May 2


Business News Roundup, May 2Jawbone founder has a new ventureThe founder of Jawbone, the failed maker of Bluetooth earpieces and fitness wristbands, is reportedly talking with investors in the hope of funding his medical device startup.
He is looking to raise $40 million to $50 million, said a person who asked not to be identified because the discussions were private.
In an email, Rahman said: “Practically every Silicon Valley company is looking at and evaluating funding partners.”The original Jawbone shut down after raising about $900 million.
Recommended Video: Now Playing:FoundationsAnother charity executive leavesThe Silicon Valley Community Foundation said Tuesday that its vice president overseeing recruitment and culture has left the organization.
A foundation spokeswoman did not immediately respond to why Natochy left or what she plans to do next.
Source: Business News Roundup, May 2