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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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 […]
Silicon Valley Cashes Out Selling Private Shares
Vince Thompson doesn’t appear in any accounts of Facebook’s early years. Few of the more than 2,000 employees at the company even know his name. The AOL veteran’s brief stint as Facebook’s first official ad-sales chief lasted less than six months. Even so, when Thompson left the company in early 2006, he exercised his options […]
This Tech Bubble Is Different
After a couple years at Facebook, Jeff Hammerbacher grew restless. He figured that much of the groundbreaking computer science had been done. Something else gnawed at him. Hammerbacher looked around Silicon Valley at companies like his own, Google, and Twitter, and saw his peers wasting their talents. “The best minds of my generation are thinking […]
Trouble @Twitter
There’s no shortage of drama at Twitter these days: Besides the CEO shuffles, there are secret board meetings, executive power struggles, a plethora of coaches and consultants, and disgruntled founders. (Like Evan Williams. The day after Jack Dorsey announced his return to the company — via tweet, naturally — Williams quit his day-to-day duties at […]
