Search Results for: Silicon-Valley

Two Ex-Googlers Want to Make A Lot of Viral Tweets

Silicon Valley loves to disrupt industries by inventing things that already exist. Remember when Lyft invented buses? Good times. And just recently, the exec in charge of Apple retail announced that instead of “stores” their… stores… are now referred to as “town squares.”

Well, two tech bros are here with a new disruption to… the bodega industry. (I know, hold on, we’ll come back to this.) It’s so innovative, so fresh, so new, they named it…

Bodega.

They literally named it after the thing they’re aiming to “make obsolete.”

But wait, it gets better.

Per Fast Company:

Bodega sets up five-foot-wide pantry boxes filled with non-perishable items you might pick up at a convenience store. An app will allow you to unlock the box and cameras powered with computer vision will register what you’ve picked up, automatically charging your credit card.

It’s not even a bodega. It’s a vending machine.

These jabronis even have the audacity to make their logo a cat, a tribute to the omnipresent bodega cats they’re seeking to make homeless.

And of course because 90 percent of Twitter users are journalists and 90 percent of journalists live in New York City (these are not real statistics, don’t @ me), Twitter was not having Bodega™. Read more…

The Top 5 Longreads of the Week

Charleston County Sheriff's Office via Getty Images

This week, we’re sharing stories from Rachel Kaadzi Ghansah, Ellen Pao, Henry Wismayer, Taylor Harris, and Jeff Maysh.

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Ellen Pao Is Ready to Name Names

(Marla Aufmuth/Getty Images for Massachusetts Conference for Women)

Ellen Pao, who sued her Silicon Valley employer Kleiner Perkins Caufield & Byers for discrimination, was saving the names for her upcoming book Reset: Ajit Nazre, a partner who became hostile after she rejected his advances. Ted Schlein, a managing partner who explained he liked white, Eastern European sex workers — during a private flight in which a tech CEO in attendance bragged about meeting Jenna Jameson. In her six years at Kleiner Perkins, Pao was passed over for promotion, her clients were stolen, her performance maligned, and eventually she was fired after complaining about harassment to an independent investigator, who asked “Well, if they look down on women so much, if they block you from opportunities, they don’t include you at their events, why do they even keep you around in the first place?”

The competitive world of venture capital was familiar to Pao, and she played the game as best she could. But the game was stacked against her, she explains in an excerpt from her book featured at The Cut.

Predicting who will succeed is an imperfect art, but also, sometimes, a self-fulfilling prophecy. When venture capitalists say — and they do say — “We think it’s young white men, ideally Ivy League dropouts, who are the safest bets,” then invest only in young white men with Ivy League backgrounds, of course young white men with Ivy League backgrounds are the only ones who make money for them. They’re also the only ones who lose money for them.

Sometimes the whole world felt like a nerdy frat house. People in the venture world spoke fondly about the early shenanigans at big companies. A friend told me how he sublet office space to Facebook, only to find people having sex there on the floor of the main public area. They wanted to see if the Reactrix — an interactive floor display hooked up to light sensors — would enhance their experience. At VC meetings, male partners frequently spoke over female colleagues or repeated what the women said and took the credit. Women were admonished when they “raised their voices” yet chastised when they couldn’t “own the room.” When I was still relatively new, a male partner made a big show of passing a plate of cookies around the table — but curiously ignored me and the woman next to him. Part of me thought, They’re just cookies. But after everyone left, my co-worker turned to me and shrugged. “It’s like we don’t exist,” she said.

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Why Don’t We Work Less?

workers working
(Getty Images/Oli Scarff)

At a recent conference in Detroit, billionaire Jack Ma, founder of the online marketplace Alibaba, told CNBC that, thanks to advances in artificial intelligence, people will soon work less.

“I think in the next 30 years, people only work four hours a day and maybe four days a week,” Ma said. “My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy.”

People have been making this prediction for generations. Economist John Maynard Keynes posited, in an essay published a year after the 1929 Wall Street crash, that his grandchildren would work 15-hour weeks, with five-day weekends. In 2015, NPR caught up with some of his descendants and discovered Keynes — who, according to his grand-nephew died “from working too hard” — was wrong. His grand-nephew reported working over 100 hours a week as a professor, and his grand-niece, a self-employed psychotherapist, said she has to write in her agenda “not working” to remind herself to take breaks.
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We’re Living in the Golden Age of the Corporate Takedown

Elizabeth Holmes. Photo: AP Images

Miki Agrawal, co-founder and “She-EO” of menstrual underwear phenom Thinx, raised eyebrows when she stepped down from her role in the company in early March. Agrawal had long been infamous for her company’s boundary-pushing ads and her well-publicized hesitance to use the word “feminist.” Within days of Agrawal’s announcement, Racked published a gripping article examining corporate dysfunction and alleged sexism at Thinx, and Agrawal struck back with a lengthy post on Medium that detailed her “incredible ride” with the company. “I didn’t put HR practices in place because I was on the road speaking, doing press, brand partnerships, editing all of the creative and shouting from the rooftops about Thinx,” she wrote. Less than a week later, Agrawal was accused of sexual harassment by a former employee.

Such is the power of the corporate hit piece: Fueled by eyewitness accounts, scorned ex-employees, and juicy tidbits about a CEO’s bad behavior, a corporate identity that took years to build can unravel in days. These piquant stories might smack of a slow-motion trainwreck, but they satisfy more than our inner gossips and gawkers. Today, the myth of a CEO is often of their own making—once minted by years of climbing the corporate ladder, now CEOs are made in weeks or months. CEO, we are told, is less a work status than a state of mind.

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Longreads Best of 2016: Business & Tech Reporting

We asked a few writers and editors to choose some of their favorite stories of the year in various categories. Here, the best in business and tech reporting. Read more…

‘Silicon Valley’ Masterfully Skewers Tech Culture

'Silicon Valley' / HBO

At The New Yorker, Andrew Marantz takes us behind-the-scenes at the HBO comedy “Silicon Valley,” revealing how its writers and creators are so good at accurately skewering the tech world:

The show’s signature gag, from the first season, was a minute-long montage of startup founders pledging to “make the world a better place through Paxos algorithms for consensus protocols,” or to “make the world a better place through canonical data models to communicate between endpoints.” This scene was set at TechCrunch Disrupt, a real event where founders take turns pitching their ideas, “American Idol”-style, to an auditorium full of investors. Before writing the episode, Judge and Berg spent a weekend at TechCrunch Disrupt, in San Francisco. “That’s the first thing you notice,” Judge said. “It’s capitalism shrouded in the fake hippie rhetoric of ‘We’re making the world a better place,’ because it’s uncool to just say ‘Hey, we’re crushing it and making money.’” After the scene aired, viewers complained about the lack of diversity in the audience. Berg recalled, “A friend of mine who works in tech called me and said, ‘Why aren’t there any women? That’s bullshit!’ I said to her, ‘It is bullshit! Unfortunately, we shot that audience footage at the actual TechCrunch Disrupt.’”

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How Billionaires Do Burning Man

Like all people who hate Burning Man, I enjoy nothing more than reading articles about Burning Man. In February, Felix Gillette chronicled the semi-clad class warfare at last year’s Burning Man for Bloomberg BusinessweekDespite being a festival based on radical self-reliance, Black Rock City is seemingly overrun with tech billionaires setting up their own exclusive festivals-within-a-festival; ultra-luxe camps that are fully built and staffed by paid “sherpas.” In his piece, Gillette described plans for an over-the-top camp hosted by Jim Tananbaum, a former member of Burning Man’s governing board:

 In the spring [Tananbaum] and his team sent out a detailed invitation, enticing potential guests with an early vision of the camp, named Caravancicle. Anyone concerned about living in a hot, unforgiving wilderness could rest assured. There would be no roughing it at Caravancicle. Accommodations would consist of a series of cubical tents with carbon fiber skeletons. Each cube would have 9-foot ceilings, comfortable bedding, and air conditioning. The surrounding camp, enclosed by high walls, would be safe and private. Amenities would include a central lounge housed in a geodesic dome, private showers and toilets, solar panels, wireless Internet, and a 24-hour bar. Guests could count on a “full-service” staff, who would among other things help create “handcrafted, artisanal popsicles” to offer passers-by. To help blend in with the Burning Man regulars, who tend to parade around the commons in wild, racy outfits (if anything at all), the camp would include an entire shipping container full of costumes.

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See Also:
1. “The Old Man at Burning Man” (GQ, Feb. 2013)

Wells Tower’s legendary 2013 GQ account of attending the aforementioned festival with his father.

2. “Why the Rich Love Burning Man” (Jacobin, Aug. 2015)

An essay by Keith A. Spencer about why business leaders, particularly in Silicon Valley, are so enamored with Burning Man:

 This is the dark heart of Burning Man, the reason that high-powered capitalists — and especially capitalist libertarians — love Burning Man so much. It heralds their ideal world: one where vague notions of participation replace real democracy, and the only form of taxation is self-imposed charity. Recall Whole Foods CEO John Mackey’s op-ed, in the wake of the Obamacare announcement, in which he proposed a healthcare system reliant on “voluntary, tax-deductible donations.”

The Top 5 Longreads of the Week

Photo: Matt

Below, our favorite stories of the week. Kindle users, you can also get them as a Readlist.

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Cashing In On Tech’s Spiritual Awakening

Maybe it’s no surprise, then, that many tech workers in San Francisco turn to psychics for a glimpse of the future. Or that psychics, in turn, are rebranding themselves as spiritual therapists, executive coaches, and corporate counselors. The trend is common enough to be spoofed on HBO’s Silicon Valley, where the show’s fictional tech CEO confers with a spiritual guru. Meanwhile, real-life tech execs are increasingly candid about their spiritual hygiene: Salesforce CEO Marc Benioff endorses yoga; LinkedIn CEO Jeff Weiner advocates mindful meditation; and the late Steve Jobs, a student of Buddhism, was mentored by a Zen priest.

The San Francisco Yellow Pages list 128 psychics and mediums in the city; there are 141 listings for astrologers (with some overlap between the categories). In the Bay Area at large, psychics are keen to cash in on tech’s spiritual awakening.

Jeremy Lybarger writing in San Francisco Weekly about the astrologers and mystics who minister to Silicon Valley’s elite.

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