An interview with Michael Raynor, director at Deloitte Services LP and coauthor of the article Three Rules for Making a Company Truly Great. For more, see his book.

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A written transcript will be available by June 2.

Catamount Ventures said Thursday that it agreed to sell Plum Organics to Campbell Soup Co. Financial terms weren’t announced. Earlier, Catterton Partners said it also agreed to sell its stake in Plum, a provider of organic baby food.

PRESS RELEASE

SAN FRANCISCO, CA–(Marketwired – May 23, 2013) – Catamount Ventures, the leading venture capital firm focused on healthy living, sustainability and education firms, today announced that it has entered into an agreement to sell Plum Organics, a leading premium, organic kids nutrition company, to Campbell Soup Company (“Campbell”). Terms of the transaction were not disclosed.
Since co-founding Plum Organics in 2007, Catamount Ventures has worked with the company’s management team to aggressively grow the Plum brand into a leading organic baby food brand. With its complete line of organic products, unique food and flavor combinations, and innovative offerings and packaging, Plum has helped to revolutionize the baby food industry. With Catamount, Plum grew from three founders and an idea to a full team, multinational distribution, and a broadened product assortment including offerings for toddlers and kids. In 2012, Plum Organics was the second fastest-growing food business in the U.S.
“Partnering with Catamount and Jed Smith from the outset of this tremendous firm has been instrumental to our success,” said Plum Organics CEO Neil Grimmer. “Catamount worked with us every step of the way from expanding our team, marketing and distribution, raising capital and guiding our significant strategic relationships. Along the way, we have stayed focused on our mission to give the very best food to our little ones. We have succeeded in driving growth in our category, and we look forward to continuing our momentum as part of Campbell.”
Jed Smith, Chairman of Plum Organics and Managing Partner at Catamount Ventures, said, “Six years ago we set out to help guide an innovative and modern approach to family nutrition. With this mission at our core, Plum is building a lasting brand that will be impactful for generations. Campbell is the perfect acquirer to reach new levels of success.”
Plum Organics is a pioneer in pouch-based packaging for baby food. After experiencing a three-year growth in sales of over 4,000%, Plum Organics placed number 63 in Inc. Magazine’s 2012 Inc. 500 list of the nation’s fastest-growing private companies. In addition, Plum Organics was featured on Forbes 2012 ranking of America’s Most Promising Companies — a list of one hundred privately held, high-growth companies with bright futures.
The transaction remains subject to applicable regulatory approval and satisfaction of other customary closing conditions.
About Plum Organics
Plum Organics® is a pioneer and global provider of premium, nutritious organic baby food, toddler and kid snack food products. Recognized for their unique, culinary-inspired recipes and a modern approach to family nutrition, Plum offers a complete line of organic products that ensure healthy eating from the highchair to the lunchbox™. Plum has dedicated its social mission to delivering nutrient rich, organic food into the hands of little ones in need across America. Forbes magazine named Plum #19 on its 2013 list of “America’s Most Promising Companies.” For more information about Plum please visit: http://www.plumorganics.com.
About Catamount Ventures
Catamount Ventures has created a new category of venture capital investing focused on healthy living, sustainability and educational technology firms. With $210 million under management we have a 14 year track record of backing world class entrepreneurs with outstanding visions going after major segments of our economy with disruptive solutions. The Catamount team brings decades of partner experience as entrepreneurs, CEOs and operators. Catamount investments include: Seventh Generation, Revolution Foods, Café Press, Linden Lab, Numi Tea, Quri and MasteryConnect. More Information about Catamount Ventures can be found at http://www.catamountventures.com

The post Catamount Ventures to Sell Plum Organics’ Stake appeared first on peHUB.

Catterton Partners said Thursday that it has agreed to sell Plum Organics to Campbell Soup Co. Financial terms weren’t announced. Emeryville, Calif.-based Plum Organics provides organic baby foods.

PRESS RELEASE

GREENWICH, Conn., May 23, 2013 /PRNewswire/ — Catterton Partners, the leading consumer-focused private equity firm, today announced that it has entered into an agreement to sell Plum Organics, a leading premium, organic kids nutrition company, to Campbell Soup Company (“Campbell”). Terms of the transaction were not disclosed.
Since partnering with Plum Organics in 2010, Catterton Partners has worked with the company’s management team to aggressively grow the Plum brand into a leading organic kid’s nutrition company. With its complete line of organic products, unique food and flavor combinations, and innovative offerings and packaging, Plum has helped to revolutionize the baby food industry. With Catterton, Plum significantly grew its distribution channels, broadened its product assortment and expanded the brand to include offerings for toddlers and kids. In 2012, Plum Organics was the second fastest-growing food business in the U.S.
“We are proud of the profitable growth and expansion that Plum has achieved working with Catterton,” said Plum Organics CEO Neil Grimmer . “Catterton was instrumental in helping Plum expand marketing and distribution, refine operating capabilities, and recruit key talent to the team. Along the way, we have stayed focused on our mission to give the very best food to our little ones. We have succeeded in driving growth in our category, and we look forward to continuing our momentum as part of Campbell.”
Jon Owsley, Partner at Catterton Partners, said, “With their commitment to wholesome ingredients, a focus on flavors that children love and a modern approach to family nutrition, the Plum Organics team has established a leadership position in their category. We are pleased to have partnered with the management team to help drive the company’s success. This transaction represents a terrific outcome for Plum Organics, Catterton and Campbell, and we are confident that Plum Organics will thrive for years to come under new ownership.”
Plum Organics was the pioneer in pouch-based packaging for baby food. After experiencing a three-year growth in sales of over 4,000%, Plum Organics placed number 63 in Inc. Magazine’s 2012 Inc. 500 list of the nation’s fastest-growing private companies. In addition, Plum Organics was featured on Forbes 2012 ranking of America’s Most Promising Companies – a list of one hundred privately held, high-growth companies with bright futures.
The transaction remains subject to applicable regulatory approval and satisfaction of other customary closing conditions.
About Plum Organics
Plum Organics(R) is a pioneer and global provider of premium, nutritious organic baby food, toddler and kid snack food products. Recognized for their unique, culinary-inspired recipes and a modern approach to family nutrition, Plum offers a complete line of organic products that ensure healthy eating from the highchair to the lunchbox(TM). Plum has dedicated its social mission to delivering nutrient rich, organic food into the hands of little ones in need across America. Forbes magazine named Plum #19 on its 2013 list of “America’s Most Promising Companies.” For more information about Plum please visit: http://www.plumorganics.com.
About Catterton Partners
Catterton Partners is the leading consumer-focused private equity firm in North America, with more than $3.3 billion currently under management and a twenty-four year track record of success in building high growth companies. Since its founding in 1989, Catterton has leveraged its category insight, strategic and operating skills, and network of industry contacts to establish one of the strongest private equity investment track records in the middle market. Catterton Partners invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, Consumer Health, and Media and Marketing Services. Catterton’s investments include: Restoration Hardware, Outback Steakhouse, Sweet Leaf Tea, Noodles & Company, Frederic Fekkai , Build-A-Bear Workshop, Wellness and Nature’s Variety pet food, Kettle Foods, Odwalla and P.F. Chang ‘s, to name a few. More information about Catterton Partners can be found at http://www.cpequity.com.

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Benjamin Ling is joining Khosla Ventures. Ling is a former Google, Facebook and YouTube executive. Most recently Ling was chief operating officer at Badoo.

PRESS RELEASE

MENLO PARK, Calif.–(BUSINESS WIRE)–Khosla Ventures, a venture assistance firm that focuses on sustainability and technology startups, announced today that Benjamin Ling, a former Google, Facebook and YouTube executive, will join the firm. Most recently Ben was chief operating officer at Badoo, where he oversaw product, engineering, marketing, operations, business development and corporate development.

While serving in executive roles, he has also developed a distinguished track record angel investing in technology companies, such as Fab.com, Palantir, Square, PracticeFusion, Quora and advisory positions in Pinterest and Pulse.

He will begin his new role at Khosla Ventures in May 2013.

“I love the Khosla Ventures approach of backing and assisting entrepreneurs who want to make big, impactful, long-term bets – who are not afraid to risk failure in an attempt to change the world. And the breadth of network and knowledge, along with the uncompromising work ethic of the Khosla team, helps entrepreneurs get the best possible assistance,” said Ben.

“We are thrilled to have Ben join us as he has shown himself to be an effective product executive, as well as a hands-on leader,” said Vinod Khosla, founder of Khosla Ventures. “Our belief in bringing the best venture assistance to our companies is why we’re very excited about the newest addition to the Khosla Ventures team.”

“Ben is an amazing entrepreneurial leader and has a great eye as an investor for both talent and ideas. I’m excited to see him join Khosla Ventures to find and foster the next set of entrepreneurs who will define the technology world,” said Marissa Mayer, CEO of Yahoo! and long-time friend and colleague to Ben.

About Khosla Ventures

Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough technologies in clean energy, mobile, IT, cloud, big data, storage, health, food, agriculture and semiconductors. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and co-founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, Calif. More information is available at http://www.khoslaventures.com.

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Features:

• Ships with Windows 8 64-bit
• 13.3-inch display running at 2560 x 1440 (221ppi)
• 256GB SSD
• 2GHz Intel Core i7-3537U Processor
• 8GB of RAM
• MSRP: Starts at $1,599, model reviewed costs $1,999

Pros:

• An incredibly high-res display for a Windows laptop
• 2 years of free premium support
• Respectable battery life

Cons:

• No discrete graphics card
• Man, this thing is expensive

Eye Candy Meets Horsepower

Toshiba isn’t exactly known for churning out attractive, high-end notebooks, which is why the company’s new Kirabook is such an oddity. It’s a handsome little thing if you’re into very (and I mean very) understated designs, though I imagine at least a few people will think the Kirabook looks downright dull.

The Kirabook is wedge-shaped like many of its other ultrabook brethren but it’s thankfully very light on branding (save for a small, chrome-esque Toshiba logo slapped on a corner of the Kirabook’s lid), and a finish that comes as a result of the magnesium alloy chassis is nice enough. Sadly, that magnesium frame doesn’t mean the Kirabook is immune to scratches, something I quickly learned after stowing the thing in a checked bag while flying to Austin.

It’s got a respectable spate of ports for an ultraportable too: AC power aside, there are a total of three USB 3.0 ports plus an HDMI out, a headphone jack, and a full-size SD card reader.

If anything, the real eye-catcher here is that sumptuous screen. The Kirabook plays home to a 13.3-inch display running at 2,560 x 1,440 (that makes for a pixel density of 221ppi), and Toshiba likes to crow about it being the highest resolution display available on a Windows notebook. Credit where credit is due, that display is one of the Kirabook’s most notable high points: colors are generally vivid and bright, and the panel seems hardy enough to handle even the most frenzied touch inputs. That’s not to say it’s without its shortcomings though. There’s a bit of light leakage around the edge of the display panel and viewing angles aren’t the greatest — looking at the thing dead-on is pleasant enough, but there’s a bit of color distortion to be seen once you start moving around.

But there’s one big problem when it comes to the display, and it has nothing to do with the panel itself. I won’t belabor the point too much — by now you’ve probably already made up your mind about Microsoft’s divisive OS — but the biggest disappointment is that Windows 8 and the apps that run on it just aren’t completely tuned for these HiDPI screens yet. Cruising through the touch-friendly start screen is a visual pleasure, as is firing up apps like Internet Explorer, Maps, Vimeo, and Netflix since they all thrive on these sorts of displays. Jumping into the desktop is another world entirely, and it’s full of applications and menus that appear blurry and ill-suited for such a neat display. What a bummer.

When it comes to performance, the Kirabook manages to hold its own very nicely. We like running Geekbench around these parts, and on average the Kirabook scored between 7500 and 8000 when it came to running 64-bit benchmarks: very solid numbers, and there wasn’t anything that came up during my day-to-day use that managed to flummox the little guy. That is, except for gaming — the lack of a discrete GPU in a $2000 machine is concerning, and the integrated Intel HD 4000 plus the need to push a crazy number of pixels means that there will be very little Bioshock Infinite running on the Kirabook unless you dramatically crank down the quality.

Speaking of day-to-day use, the Kirabook has more than enough juice to get you through the day. I’ve been toting the 2.9 pound notebook around for the better part of a week, and I’ve consistently been able to camp out in coffee shops and keep the Kirabook going for just over six hours.

There’s little question that the Kirabook is actually a pretty speedy little bugger, but there is a caveat. The downside to all that power is that the tiny fan nestled on the Kirabook’s bum will fire up after even slight provocation, and it’s just loud enough to be grating if you decide to do anything processor-intensive for a while. If you work in environments with plenty of ambient noise it may not be much of a problem, but be warned — those of you who like to work in quiet, zen-like tranquility will probably get pretty miffed.

I haven’t fiddled with many of Toshiba’s older laptop keyboards, but the consensus seems to be that they were largely rubbish. Keyboard snobs may just turn up their noses after a few moments with the Kirabook’s 6 row affair, but despite the fact that the keys feel a bit small I found that using it to peck out posts and emails wasn’t too bad at all after a break-in period. Sad to say, the trackpad was a completely different story.

See, the trackpad occasionally seems to forget what it’s capable of — I can’t tell you how many times I’ve been able to two-finger scroll in Chrome using the trackpad before the Kirabook suddenly stops accepting multi-finger inputs. This may not seem like a big deal to some of you (especially since the Kirabook sports a highly responsive, glass-covered touchscreen) but it’s tremendously frustrating to discover what worked 5 seconds ago doesn’t work any more for no apparent reason.

The elephant in the room here is the price tag that’s attached to this highly portable package — the configuration I’ve been spending time with will set you back a cool $1,999. Toshiba has tried to temper the sticker shock by loading the Kirabook up with full versions of Photoshop Elements and Norton Internet Security (ugh), not to mention two years worth of premium support from a dedicated team of Kirabook specialists all within the United States, but the price differential will probably be enough to make some would-be ultrabook purchasers balk.

Who is it for?

Designers

No. If you’re an artist looking to get some work done, I suspect the blurry, pixelated text and images that result from mixing a hi-res screen and applications that aren’t really ready for it may be enough to get you running for the hills.

On the plus side, Photoshop makes full use of what limited screen real estate the Kirabook affords you and it’s easy enough to get into the swing of things… if you’re willing to squint, that is. Hooking the Kirabook up to an external monitor helps quite a bit, but the sketchy trackpad means you’ll definitely need other peripherals to chip in too.

Founders

No. If you’re a founder looking for a smart way to spend your newly-raised seed funds, you’d probably do well to stay away from the Kirabook. That’s not to say it’s a bad computer, but the crucial bang-for-the-buck factor is notably absent here. The most basic touchscreen-laden Kirabook retails for $1,699, or $100 more than an a higher-end 13-inch Retina MacBook Pro. That’s not an insignificant premium to pay when the Kirabook is marred by a few prominent issues. And sure, you can pick out a slightly less expensive version that eschews the touchscreen, but then there’s really no point in Kirabook in the first place.

Programmers

Maybe? 13.3 inches may seem a little cramped for coding, but that multitude of pixels means that you’ve got plenty of real estate for crafting apps and tapping into APIs. Arguably the price tag is still too steep if all you’re looking for is a machine to run Visual Studio, Android Studio, or good ol’ Notepad++, but there’s nothing here that would immediately disqualify the Kirabook from being a coder’s companion.

Bottom Line

You know, for all of the little things Toshiba either got wrong or didn’t execute that well, I still actually really like the Kirabook. The company took a shot on something different, and even though this first iteration isn’t exactly a home run, it has made me rethink the prospect of spending my own money on a Toshiba computer.

Once the Kirabook drops in price (which shouldn’t take long since Intel’s new Haswell chips are barreling down the pipeline), Toshiba’s nifty premium ultrabook may find the success it deserves. For now though, it’s just too pricey and too unpolished for anyone but the biggest Toshiba die-hards to splurge on — here’s hoping that Toshiba manages to firm up the formula when it comes time to whip up the Kirabook 2.

A new study shows that people who had smoked marijuana within the last month had smaller waistlines and lower levels of insulin resistance than those who didn’t have the drug.

“These are preliminary findings,” said Dr. Murray Mittleman, who worked on the study at Beth Israel Deaconess Medical Center in Boston. “It looks like there may be some favorable effects on blood sugar control, however a lot more needs to be done to have definitive answers on the risks and potential benefits of marijuana usage.”

While the plant has been used to treat glaucoma and to help chemotherapy patients with nausea, those who conducted the study are quick to point out that it’s not enough to prove anything conclusive when it comes to weight loss or diabetes control…but the results are interesting. It’s thought that regular marijuana use could help regulate the hormone adiponectin, which affects blood sugar levels.

Of course, there are adverse affects that come along with smoking marijuana, too, such as respiratory problems, affects on mental health, and lowered I.Q. levels when used during adolescence.

Medicinal marijuana is now legal in 19 states, plus the District of Columbia.

Today at National Defense University, President Obama laid out the framework for U.S. counterterrorism strategy as we wind down the war in Afghanistan.

President Obama discussed how the threat of terrorism has changed substantially since September 11, 2011, and explained his comprehensive strategy to meet these threats.

Read his full remarks here or read a fact sheet about the President's speech here. 

Google continues to expand Google Fiber, especially in the Kansas City area.

Google Fiber Community Manager Rachel Hack ways on the Google Fiber blog:

Last night, the City Alderman in Raytown, Missouri voted unanimously to bring Google Fiber to their city. Raytown is the tenth Kansas City-area expansion we’ve announced, and we hope to bring Fiber to more communities in the area, too.

It will be awhile before we can hook up Raytown residents—we need to plan and build our network there first. When we have more info, we’ll be sure to post it here.

Earlier this month, Google announced it would be adding Grandview, Missouri to the list. The city is just south of Kanas City.

The service will also be coming to Austin, Texas and Provo, Utah in the future as well.

Nintendo recently held an event for Donkey Kong Country Returns 3D that allowed people to play the game before it launched. That wasn’t all though as Nintendo also decided to terrorize small children when the life-sized DK himself burst through a promotional poster.

Donkey Kong can be a pretty intimidating fellow it seems. He even made some of the adults in the crowd jump.

Donkey Kong Country Returns 3D hits the 3DS on May 24.

In addition to scoring rumors about the low-cost iPhone on Thursday, Japanese blog Macotakara also published the latest news on the fifth-generation iPad, which it says will likely launch after Apple releases the iPhone 5S in September and will feature a rear microphone located directly next to the camera, similar to the design of the iPhone 5. AppleInsider notes that early prototypes of the iPad mini also had a rear microphone but that this design was apparently ditched for the final version of the product. Earlier rumors have indicated that the fifth-generation iPad will take more design cues from the iPad mini, such as having thinner side bezels.

When Facebook acquired Parse last month, it was unclear what good could come of the deal for Facebook. On Thursday, Facebook executives didn’t share detailed new plans for its developer platform or Parse per se, but they did lay out broadly how the social networking giant can benefit.

Mike Vernal, Facebook’s director of engineering, said the integration of Parse technology could boost ad sales by making development of cross-platform mobile apps easier for developers to build and run.

If a startup builds an iOS app with a way to connect into Facebook, great, but its reach is limited to the number of people with iOS devices. Then the developers would have to start over to build a version of the app for Android and Windows Phone operating systems.

That’s where Parse comes in. As a provider of a Mobile Backend as a Service (MBaaS) with software-development kits for multiple operating systems, Parse lets developers quickly build out applications without having to worry about managing servers. When a startup expands its offering from just iOS to Windows and Phone and Android apps and drops them in app stores, promotion becomes important. Facebook can help with that, by getting ads in front of users. The ads expose the applications to the startup’s app, excite users and — here’s the important part — get more ad revenue.

Getting more from mobile has been a key area for Facebook, and that’s why the Parse deal begins to make more sense. This is particularly important following the mixed reception of Facebook Home.

Aside from being an ad revenue driver, Parse makes sense from a content perspective. Not every Facebook user updates his or her lists of favorite things and other fields, so enabling fresher content from more external sources is desirable; it could boost engagement. Facebook recently rolled out to all users the ability to be selective about what content third-party applications can push back to Facebook, and now users can confidently approve of this sharing of stories into the news feed and timelines through more and more apps that developers come up with.

Down the line, Facebook also wants to make this data more accessible through its newish Graph Search tool, Vernal said. That move would scratch another item off Facebook’s long Graph Search to-do list.

As for Parse, it will keep running the way it has been, Sukhar said, whether developers want to use Facebook as a means of promotion or not.

One unanswered question is what will happen to all the apps developers run on Parse. “It’s business as usual, so we’re actually staying on Amazon Web Services,” said Ilya Sukhar, a co-founder of Parse (pictured). But Facebook has a boatload of custom-built infrastructure. Couldn’t it just move Parse-backed apps to Facebook data centers, effectively turning Facebook into a quasi-cloud service provider? Apps will keep running on AWS “right now,” said Facebook’s director of product management, Doug Purdy. But the key words are “right now.”

Purdy made it clear that Facebook wants to just enable third-party developers to build and run apps that people can enjoy regardless of the device they choose. It turns out that’s in Facebook’s best interest, too.

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“Get Lucky,” the lead single off of Daft Punk’s new album Random Access Memories is awesome in a funky kind of way. I mean that Nile Rodgers riff, right? In fact, the whole album is awesome – but that’s another article/possible argument.

Soul Train in the 70s was also awesome. And what do you know, the two make a perfect match. Best mashup you’ll see this week, by far. Here’s DAFT TRAIN:

The Justice Department, state governments and Apple met in a Manhattan courtroom on Thursday before U.S. District Denise Cote to make arrangements for an upcoming trial in which Apple is accused of colluding with big publishers to fix the price of ebooks.

The purpose of the hearing was to set schedules, review witness lists and go over last-minute evidence objections ahead of the trial. Cote proposed that each side should be given 22 hours over a four day period plus a final day for closing arguments; the federal government said it would need at least 30 hours to make its case, and Apple requested the same, meaning the total trial would last 12 days. Cote said she will decide in the near future.

The parties also reviewed the witness list, who include prominent publishing CEOs like Macmillan’s John Sargent and Apple executive Eddy Cue. Today’s hearing also raised the possibility that News Corp CEO James Murdoch, who exchanged a series of emails with Apple’s Steve Jobs, could take the stand for cross-examination; the federal government will decide in coming days, on the basis of an evidence issue, whether this will be necessary.

Much of the trial, however, is unlikely to feature dramatic CEO testimony. Instead, the core of the trial is likely to slog through recondite economic arguments and civil evidence issues; part of today’s hearing focused on expert witness opinion about the competitive effects of agency pricing and whether it coincided with Apple’s economic self-interest.

Today’s hearing also focused on an ongoing dispute in which Apple is attempting to force its competitors, especially Amazon, to unseal evidence they have submitted as part of the proceedings.

At the outset of the hearing, in a courtroom that rises 15 stories above lower Manhattan with a view of the Brooklyn Bridge, Cote stressed that the case represented an enormous amount or work, and told the parties to call her “day or night” if they decided to settle.

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Three men on Wednesday were charged in a New York kidnapping and ransom plot.

According to a statement from Queens County District Attorney Richard Brown, the three men, Christian Acuna, Dennis Alves, and Eduardo Moncayo, have all been charged with kidnapping and unlawful iprisonment. They each face up to 25 years in prison.

The men allegedly kidnapped an Ecuadoran man named Pedro Portugal off of a Queens street on April 18. At least one of them is alleged to have posed as a police officer before Portugal was shoved into the back of an SUV and beaten as a mask was placed over his head. Portugal was then held in a Long Island City warehouse for over one month. The kidnappers also allegedly contacted Portugal’s mother in Ecuador and demanded a $3 million ransom.

“This is a terrifying story of a businessman allegedly being forcibly abducted off the streets of Queens County in broad daylight and being beaten and held against his will for more than a month while his alleged kidnappers demanded $3 million from relatives in Ecuador for his safe return,” said Brown. “In the process, the victim allegedly suffered physical injuries and has been deeply traumatized by the ordeal. The case warrants vigorous prosecution.”

An NYPD detective found Portugal in the warehouse on May 20. Portugal’s hands were reportedly bound with cloth and duct tape. Another detective was able to chase down Acuna, who fled the scene when police entered.

You all know that we’re fans of what the folks at Warby Parker are doing. In particular, we’re quite intrigued by their effort to take their online brand offline. The New York-based company, which recently raised a ton of money, is now taking the next step in terms of branding and is going to be working with the makers of the movie, Man of Steel, on two special frames with a hint of Superman Blue or Red near the temples.

Clark Kent — you know, the nerd journalist who is also Superman — and Warby Parker, the brand that was made by nerds, is one movie merchandising deal that makes a lot of sense. Of course, we talked about Warby Parker’s future with its co-founder at our RoadMap 2012 conference. (You can find out more about our RoadMap 2013 conference later this year by clicking here.)

Presidential hopeful Mitt Romney can now eat his campaign words — at least the part where he called Tesla a loser. Tesla CEO Elon Musk said in an interview with Bloomberg TV Thursday that now that Tesla has repaid the entirety of its loan to the Department of Energy, plus interest, U.S. taxpayers have actually made a $20 million profit off of Tesla.

That’s a telling metric for all of Tesla’s former haters, as well as recently converted fan boys. Tesla still has hurdles ahead of it as an independent auto maker, but the company has made it through the Valley of Death and emerged with its first quarterly profit in a decade, and a hot electric car that’s sold out for months.

In contrast, electric car maker Fisker Automotive, which took a loan from the same government program that Tesla did, could reportedly be sold for $20 million, and still owes the government $171 million. Check out my comparison piece: Tesla, Fisker, and what could have been: A tale of two electric car startups.

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At the February PS4 conference, Bungie announced that Destiny would be coming to the PS4 and PS3. Now the developer has announced that it will be bringing the game to Sony’s E3 press conference with a new trailer.

The trailer doesn’t really tell us much about the game, but it does have that cinematic flair that made Halo such a groundbreaking game when it launched on the original Xbox. If the actual game can pull this off, Destiny may just be a keeper.

We still don’t have any gameplay, but Bungie announced in the above trailer that that the gameplay will finally be shown off at Sony’s E3 press conference on June 10. It’s a pretty big win for Sony when you consider that Bungie was owned by Microsoft just a few years ago.

Beyond the Sony presser, expect a lot more Destiny news at E3. Besides Call of Duty Ghosts, this is Activision’s other big game for 2013. There’s a lot of expectation riding on it so Bungie has to get it right, and I have no reason to doubt them yet.

LinkedIn continues to redesign various functions of its site on both desktop and mobile devices. Today, the company introduced a new navigation bar, which a LinkedIn spokesperson tells WebProNews is “designed to make it quicker and easier for members to find what they are looking for.”

“Over the last year and half we’ve had the chance to learn quite a bit from you about the types of changes that add the most value to your daily professional life, and we’ve brought some of these learnings to the new navigation,” says LinkedIn’s Amy Parnell. ” When approaching this re-design, we analyzed years of navigation data to determine which links were adding the most value for you, and which could be removed to create a more focused and streamlined experience. We also observed how useful Search was as a productivity tool, and aligned the search box with the results page, for fine-tuned search efficiency.”

“As you explore the new navigation bar, you will notice a few visually striking differences, including a simplified menu of tabs to help you quickly and easily locate the features and content that are of most value to you,” she adds. “We have also moved the search bar front and center to make easier than ever to discover and find what you’re looking for on LinkedIn.”

Settings can be found when you hover over your profile picture in the upper right.

The new navigation will be rolling out to English language users over the next month.