Uk.businessinsider. Venture Capital, Disrupted. Silicon Valley’s venture capitalists make their money by funding ideas that disrupt established industries. But these gatekeepers of the technology business are now being challenged themselves. A fast and furious new funding model is funneling money to young company founders, asking relatively little in return. Startup-incubator programs—Y Combinator is the most prominent—now put founders through a kind of tech-industry boot camp in exchange for a small stake in their company.
For many, the next stop is AngelList, a social network for angel investors and entrepreneurs where young people can shop for financing without spending years developing contacts in the old-boy network of venture capital. TR: What are you trying to do with AngelList? Ravikant: We’re trying to democratize access to capital and bring the Silicon Valley ecosystem online. Many of the most talked-about companies in Silicon Valley came out of incubators. The cost of building a company has collapsed. Yes. Pirates of Silicon Valley 1999. Oh my: Bravo now casting Silicon Valley reality show. STANFORD OUT, CORNELL IN: NYC Tech Campus On Roosevelt Island.
Cornell is joining with The Technion, the Israel Institute of Technology, in its bid to create a NYC Tech Campus on Roosevelt Island, the city just announced. Cornell and The Technion are competing with Stanford to win rights to the space. The plan: "to create a world-class applied science and engineering campus in New York City. " The purpose of the campus will be to "spur innovation and commercialization" – much the same way Stanford does in Silicon Valley and San Francisco.
Cornell are alumni fighting hard for the win. Four of them – Danny Stein, Gus Warren, Jeremy Snepar and Keith Grossman – launched an online petition that rounded up 7,500+ signatures. Never heard of the Technion? Here's how it describes itself in a press release: Technion is a global leader in applied research, technology transfer and commercialization and a major force behind Israel’s emergence as the home of one of the greatest concentrations of high-tech start-up companies anywhere in the world.
Silicon Valley's New Hiring Strategy.