Khalid Shaikh helped create the file-uploading company YouSendIt. After battling with the CEO, he was fired—and he soon launched a series of cyberattacks: “In Shaikh’s absence, YouSendIt had continued to grow. It had raised an additional $14 million in VC funding and had 100,000 paying subscribers. Still, Shaikh marveled at how often YouSendIt’s site went […]
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The End of Wall Street as They Knew It
[Not single-page.] Financial reform has been more successful at changing Wall Street’s business than many imagined—and the public outcry from Occupy and elsewhere has led to some soul-searching: “For New York’s bankers and traders, the new math suddenly reordered their assumptions about their place in a post-crash city. ‘After tax, that’s like, what, $75,000?’ an […]
Streaming Dreams
Google and YouTube exec Robert Kyncl’s plans for the future of web TV—and the company’s big bet on professional content: “Kyncl’s relationships in Hollywood would help in securing premium content; and, more important, he understood entertainment culture. He brought ‘the skill set of being able to bridge Silicon Valley and Hollywood—an information culture and an […]
The Rise and Fall of Bitcoin
Bitcoin was drawing the kind of attention normally reserved for overhyped Silicon Valley IPOs and Apple product launches. On his Internet talk show, journo-entrepreneur Jason Calacanis called it “a fundamental shift” and “one of the most interesting things I’ve seen in 20 years in the technology business.” Prominent venture capitalist Fred Wilson heralded “societal upheaval” […]
Palantir, the War on Terror’s Secret Weapon
Depending where you fall on the spectrum between civil liberties absolutism and homeland security lockdown, Palantir’s technology is either creepy or heroic. Judging by the company’s growth, opinion in Washington and elsewhere has veered toward the latter. Palantir has built a customer list that includes the U.S. Defense Dept., CIA, FBI, Army, Marines, Air Force, […]
How Russian Tycoon Yuri Milner Bought His Way Into Silicon Valley
To many, Milner’s success is not just too much and too fast in a land of too much and too fast but … but … and here people start to petulantly phumpher … somehow unfair: Here’s an outsider who has handed out money at outrageously founder-friendly terms—paying huge amounts for relatively small stakes, essentially buying […]
Bill Nguyen: The Boy In The Bubble
In the weeks after Color’s belly flop last spring, friends and colleagues were concerned that Nguyen might be humiliated, or devastated, or at least very stressed out by the $41 million of venture money invested in his failed product. But Nguyen understands the arithmetic of Silicon Valley, and anyway he isn’t one to reflect. “I […]
Dropbox: The Inside Story Of Tech’s Hottest Startup
[Not single-page] Jobs smiled warmly as he told them he was going after their market. “He said we were a feature, not a product,” says Houston. Courteously, Jobs spent the next half hour waxing on over tea about his return to Apple, and why not to trust investors, as the duo—or more accurately, Houston, who […]
The Future of Light Is the LED
Brett Sharenow is presiding over the Pepsi Challenge of lightbulbs. The CFO of Switch, a Silicon Valley startup, Sharenow has set himself up in a 20-by-20 booth at the back of the Pennsylvania Convention Center in Philadelphia, and he’s asking passersby to check out two identical white shades. Behind one hides a standard incandescent bulb, […]
Can Sheryl Sandberg Upend Silicon Valley’s Male-Dominated Culture?
Several female computer-science majors at Stanford pointed to the depiction of women in films like “The Social Network,” where the boys code and the girls dance around in their underwear. Sandberg says that the impact of popular culture struck her when her son was playing a Star Wars game. “When I grow up, I want […]
