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The Forgotten Founder: A Silicon Valley Tale of Humiliation and Revenge

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 […]

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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 […]

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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” […]

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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 […]

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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, […]

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