Hmmm
Craig McCaw is spending a lot of his time these days building Clearwire, the Kirkland wireless Internet company that has attracted more than $1 billion in capital this year. But McCaw's Eagle River Investment has found a new opportunity in Utah. McCaw's firm just led an $11.5 million investment in S5 Wireless, a 3-year-old startup that has developed a low-cost computer chip that can identify the location of pets, the elderly, vehicles, laptops, containers and other items without using global positioning systems or radio frequency identification.
Source: Thursday roundup: A new hire at InfoSpace, McCaw's latest bet, etc.
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