What you need to know - 09/02/11

News Corp. nominates Accel partner to board; long-time partner Starz yanks content from Netflix

Airbnb decided to offer extended rentals due to growing demand.

Covestor, a social investing platform, raised $4 million in equity led by Union Square Ventures.

Mark Zuckerberg tops Vanity Fair's 2011 New Establishment list, which features the top 50 “buccaneering visionaries, engineering prodigies, and entrepreneurs” that are shaking things up and paving the way to the 22^nd century.

GraphOn, developer of cloud application delivery and Web-enabling solutions, completed a $7.1 million equity financing in a private placement to a group of institutional investors.

News Corporation nominated James W. Breyer of Accel Partners to join its board of directors.

Michael Levinson, VP of Product at oDesk, a global employment platform that enables employers to hire, manage and pay an online workforce, shares his thoughts in this short Tips for Entrepreneurs episode, “Finding the Right People.”

Netflix is having a bad Thursday.  On the same day that Netflix implemented its new 60% price hike, it also lost a valuable and long-time content partner: Starz.

One of the biggest surprises is that success isn’t about size – of team or funding. It turns out Premature Scaling is the leading cause of hemorrhaging cash in a startup.

Visier, a new startup that provides analytics and organization applications for companies’ human resources departments, raised $6 million in equity financing.