Big company innovation is an oxymoron, right? Maybe not. Innovation expert Scott Anthony argues that a dramatic shift is underway in corporate innovation with significant ramifications for venture capitalists.

This morning’s First Read takes a look at who’s still active in the early stage biotech space, Sony’s move into the cloud and five years of iPhone reviews.

Accel Partners’ Ryan Sweeney tells peHUB he and partner John Locke wooed LightSpeed over 18 months before the profitable and fast-growing software maker agreed to accept a $30 million investment from Accel.

Take a pause this morning to click through to the latest news from peHUB’s First Read which includes Silicon Valley Bank’s UK launch, China’s National Social Security Fund boosting PE investments and how to become a 19 year old VC associate.

Maybe you weren’t fighting for your life on the grounds of a Wal-Mart last Friday. But neither did you whip out your mobile phone and shop like there was no tomorrow. According to data assembled today by ThreatMetrix, just 3 percent of Black Friday sales were transacted through mobile phones. As interestingly, the bulk of [...]

Who wants the new iPhone?

That’s what we want to know. Last week, Apple fans suffered a major let down after the long-awaited iPhone 5 didn’t materialize. Steve Jobs then passed away and the twittersphere nearly blew up from all the emotion and fanboy tributes.

This week, the focus is back on the iPhone 4S, which has been getting some great reviews. The standout feature is Siri, the …

Here we go again. Repeatedly, Sprint has tried to bet the farm (and failed) in its quest to remain relevant. They bet the farm on Nextel, then Wi-Max and Clearwire, then all-you-can-eat plans, and all along on wholesale/MVNO. Frankly, it’s amazing they have any farm left to bet – having lost 80% of their market [...]

Not Nearly Enough! McGraw-Hill investors call for a breakup

The iPhone is Coming! The iPhone is coming! Newer, cheaper!

Fallin’ Short: CalSTRS is having trouble funding its pension

Who’s to blame for our downgrade?

Big Ol’ Loud Crazy Irene: Hurricane season is back—plank up those windows

To the Yún! Microsoft partners with China on cloud computing

Back at It: SecondMarket’s campaign continues, as they court startups to coordinate employee participation on the secondary market (which, for the record, is probably a good idea)

Come Out Swingin’: Nine companies that crushed bigger competition

The white iPhone 4 seems like the unicorn of Apple’s trove of gadgets.

We hear about it, we think we’ve seen one (Steve Jobs apparently appeared on stage with one last summer), but the white iPhone 4 has yet to show up in stores.

The latest news on the long-awaited whit iPhone 4 is that it will be released this spring. No word on exactly when that will be. It’s been several months since Apple unveiled the iPhone 4 (last June to be exact). The white version apparently has been beset with manufacturing problems.

They “Like” Each Other: Is President Obama getting too chummy with Facebook?

But Gibbs is Out: As communications chief with the social network, in part owing to the news of his pending deal being leaked

In Case You Forgot: There’s a Too Big to Fail movie still coming

iPhone!!!!! New iPhone is coming! New iPhone is coming!