International Monetary Fund boss Christine Lagarde is being investigated by French prosecutors regarding a rare and minor charge of negligence in the use of public funds
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The St. Louis suburb's businesses face enormous challenges
A onetime angel investor in more than Web 2.0 startups, Clavier last year started a bona fide venture capital firm, SoftTech VC in Palo Alto, Calif. The French native has none of the press star power of better known VCs such as Sequoia Capital's Michael Moritz or John Doerr of Kleiner Perkins Caufield & Byers, but Clavier is the one all the newly minted entrepreneurs are flocking around at countless Web 2.0 conferences. For good reason: Clavier has an eye for fast-rising startups, such as news feed aggregator NetVibes, personal-finance service Mint, and social advertising network SocialMedia. And five of his startups had successful "exits" through acquisition by the likes of Yahoo, AOL, and others.