Economics evolves: A long way from dismal. Silicon Valley economists: Meet the market shapers. MOCKING economists is easy sport. They try to predict the future yet missed the 2008 crash, and make bizarre assumptions that cannot hold true. Other offences on the checklist include their narrow academic outlook and lack of exposure to the “real world” of business. The onslaught is common, and hard to refute. But at a turning point the herd tends to be wrong. Economics is evolving, with a mission to solve firms’ real-life problems at its heart. Not unusually, the innovation is most obvious—for now—in Silicon Valley.
For Bryan Balin of SmarterTravel, a subsidiary of TripAdvisor, a travel website, economics has to be lightning quick. Mr Balin helps crack that problem. Spotting helpful patterns when you are swimming in data is tough, explains Genevieve Graves, an astrophysicist turned data scientist. Machine learning is not as scary as generations of science-fiction writers have made it sound. The data team at hiQ Labs reckons machine learning can revolutionise business. A better broker. Silicon Valley’s Mirror Effect. “If meritocracy exists anywhere on earth, it is in Silicon Valley,” wrote David Sacks in an email to The Times’s Jodi Kantor. Kantor was working on an article, published in The Times on Tuesday, about the Stanford class of 1994 — the class that graduated a year before Netscape went public, and, for all intents and purposes, started the Internet economy.
She was exploring why the men in that class had done so much better in Silicon Valley than the women. Sacks, meanwhile, was one of the most successful members of the class. At Stanford he wrote for The Stanford Review, “a conservative-libertarian campus newspaper,” where he befriended Peter Thiel, a fellow libertarian. Then, in 1998, Sacks, Thiel and a handful of others — overwhelmingly white and male — founded PayPal, which made them all very rich. Well, maybe. This is a question that has become increasingly urgent. There aren’t many women or African-Americans working in Silicon Valley who would agree.
Shanley Kane of Model View Culture Challenges a “Corrupt” Silicon Valley. Shanley Kane is the founder and editor of the most interesting and original of new publications that cover technology: Model View Culture, a quarterly journal and media site that offers readers a remorseless feminist critique of Silicon Valley. The critical distance expressed by the publication’s articles, essays, and interviews, where the Valley’s most cherished beliefs and practices are derided and deconstructed, was honestly won: Kane worked for five years in operations, technical marketing, and developer relations at a number of infrastructure companies in the San Francisco Bay Area. Often frustrated by the unexamined assumptions of her industry and irritated by the incompetence of her managers, she began blogging about technology culture and management dysfunction at startups, which led to Model View Culture (the name is a play on a technology, familiar to software developers, used to create user interfaces), founded a year ago.
Why are there so few women in many tech companies? Lessons every startup can learn from Uber - B2B News Network. Sales Teams Are Making a Big Comeback at Tech Firms. Salespeople have had a bad reputation in Silicon Valley. Young, lean startups looked at the “consumerization of IT,” and decided that if their software was good, the product would sell itself. To this new breed of entrepreneurs, sales teams looked inefficient and old -- a holdover from a less advanced age of business. Salespeople were the sleazy used car dealer, or the slick-haired Wall Street type, trying to convince customers to buy things they didn’t really need. But the Valley has learned to love salespeople again. Related: How to Shift the Culture of Your Sales Process Dropbox, which got wide notice in 2011 for claims that it didn’t need salespeople, has announced it will open an office in New York to beef up its sales team. The unsung heroes of Silicon Valley. While other sales leaders may play a more behind-the-scenes role, there’s no questioning the importance of sales teams as a key driver of tech companies’ growth.
Sales goes back to basics. The return of sales. Vintage Silicon Valley Photos. Vintage Silicon Valley Photos. Internet trends 2014. What is disruption? I’ve been making a point in my journey as a writer for Econsultancy to investigate the many and varied terms in digital that I don’t understand. As I am a relative newcomer to the digital marketing world, this is like a trial-by-fire.
In my first few weeks, terms like CRM, CRO, SEO and PPC all felt like an alien language. Thanks to the above investigations however I feel a lot more confident. Then every so often somebody will throw a curveball – like describing something as ‘disruptive’ – and I’ll think “gah, back to square one, what the heck does that mean?” I can possibly assume that to be disruptive means to ‘rock the boat’, to ‘upset the status quo’, to ‘rain on a parade’, to run out of aphorisms and have to make up new ones… but I have a feeling I might be wrong. ‘Disruptive’ is bandied around in the digital world as much as ‘game-changer’ and therefore it’s a principle that is often watered down and made cliché. Disruptive innovation Clayton M. Examples of disruptive innovation.
Hyper-Growth Done Right - Lessons From the Man Who Scaled Engineering at Dropbox and Facebook. Technology’s Man Problem. Photo Elissa Shevinsky can pinpoint the moment when she felt that she no longer belonged. She was at a friend’s house last Sept. 8, watching the live stream of the TechCrunch Disrupt hackathon on her laptop and iPhone. Entrepreneurs were showing off their products, and two young Australian men, David Boulton and Jethro Batts, stood behind the podium to give their presentation. “Titstare is an app where you take photos of yourself staring at tits,” Mr.
Boulton began, as photographs of women’s chests on a cellphone flashed on the screen behind him. After some banter, Mr. Batts concluded, “This is the breast hack ever.” The crowd — overwhelmingly young, white, hoodie-wearing men — guffawed. Ms. Continue reading the main story Women hold only about one-quarter of all information technology jobs … Share of computing occupations held by women in 2009 … and nearly half of the women in science, engineering and technology jobs don’t stick around … … often in favor of doing something completely different.
Why I Don't Want My Daughter to Work in Silicon Valley. Do we want a tech world defined by compassionless jerks? I've written before about the toxicity of the Silicon Valley/San Francisco cult of "disruption," which has no empathy for the disrupted, and little place for any empathy at all. But my hackles were raised again by a BusinessWeek review of venture capitalist Ben Horowitz's new book, which confirmed that Silicon Valley's power brokers are passionately devoted to creating a society at war with itself. The issue came up again with the departure of Julie Ann Horvath from Github, just the latest Silicon Valley bullying saga. Remember that Github is the place that had a minor scandal over code full of racial slurs before one of its code leaders decided to take a "brave stand" against using non-gendered pronouns in code, presumably because the chicks should just get over it.
This isn't about gender, not really. Some of it may be about age. But nobody, men or women, should want this kind of culture defining their tech future. Silicon's Valley's Brutal Ageism. “I have more botox in me than any ten people,” Dr. Seth Matarasso told me in an exam room this February. He is a reality-show producer’s idea of a cosmetic surgeon—his demeanor brash, his bone structure preposterous. Over the course of our hour-long conversation, he would periodically fire questions at me, apropos of nothing, in the manner of my young daughter.
“What gym do you go to?” “What’s your back look like?” “Who did your nose?” In lieu of bidding me goodbye, he called out, “Love me, mean it,” as he walked away. Twenty years ago, when Matarasso first opened shop in San Francisco, he found that he was mostly helping patients in late middle age: former homecoming queens, spouses who’d been cheated on, spouses looking to cheat. READ MORE: Eight Tech-World Teenyboppers Who Are Gobbling Up Millions Silicon Valley has become one of the most ageist places in America. And that’s just what gets said in public. Click to see all footnotes Mike Kepka/San Francisco Chronicle Seth Matarasso. The Unwritten Laws of Engineering. Why Sequoia’s WhatsApp Investment Is Even More Impressive Than it Seems. Why Sequoia’s WhatsApp Investment Is Even More Impressive Than it Seems February 24, 2014 This post is a bit of inside baseball, but bear with me. Like everyone else, I was very impressed by Facebook’s $16B+ acquisition of WhatApp.
Apart from the founders and employees of the company, Sequoia Capital was the big winner, and that was recognized by everyone. As a VC, I was extremely impressed with Sequoia’s investment, just based on the information provided publicly. Umm… thanks Rob, thanks for stating the obvious. But for those outside the VC business, there are a few nuances here that aren’t obvious, but really goes to further illustrate why the team at Sequoia delivers such extraordinary performance over time with a pretty big fund. The most impressive fact is that Sequoia is the only institutional investor in the company. Here’s why this is contrary to how most VC’s act: Most VC’s buy their ownership in a company relatively early. But this is actually not what you want to do. The Brain Hacks Top Founders Use to Get the Job Done. Why Bitcoin Matters. Keith Bedford/ReutersMarc Andreessen, a co-founder of the venture capital firm Andreessen Horowitz.
Editor’s note: Marc Andreessen’s venture capital firm, Andreessen Horowitz, has invested just under $50 million in Bitcoin-related start-ups. The firm is actively searching for more Bitcoin-based investment opportunities. He does not personally own more than a de minimis amount of Bitcoin. A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers. Political idealists project visions of liberation and revolution onto it; establishment elites heap contempt and scorn on it.
On the other hand, technologists – nerds – are transfixed by it. Eventually mainstream products, companies and industries emerge to commercialize it; its effects become profound; and later, many people wonder why its powerful promise wasn’t more obvious from the start. What technology am I talking about? Gender Diversity at Silicon Valley Public Companies 2013. Editor’s Note: The following post comes to us from David A. Bell, partner in the corporate and securities group at Fenwick & West LLP.
This post is based on a Fenwick publication, titled Gender Diversity in Silicon Valley: A Comparison of Large Public Companies and Silicon Valley Companies; the complete survey is available here. gender diversity on the board of directorsgender diversity on board committees, including audit, compensation, nominating and other standing committeesgender diversity in board leadership, including board chair, lead director and committee chairsgender diversity on the executive management team, including among executive officers, “named executive officers,” and various specific positions (CEO, president/top operations executive, CFO, general counsel, top technology/engineering/R&D executive, top sales executive, top marketing executive and top corporate/business development executive) Key takeaways from the survey include: Growth rates.
Endnotes: Tech startups: A Cambrian moment. You Don’t Have to Be in Silicon Valley to Build the Next Great Internet Company - Walter Frick. “There’s no question that there are two Americas,” Steve Case, AOL founder turned VC and entrepreneurship advocate, told me in an interview last week. “There’s the America where entrepreneurship is celebrated and supported. Places like Silicon Valley and Boston. And there’s the rest of the country where the culture tends to be kind of risk averse.” While Silicon Valley continues to dwarf other regions around the world in terms of venture capital investments and successful exits, Case is placing his bets across the rest of America, on what he calls “the rise of the rest.” I asked Case about this strategy, about his investment interests with his firm Revolution, and about his role as perhaps America’s most prominent advocate for startups in Washington. Tell me more about your mission to support entrepreneurship and why you think it’s so important.
It can get a little tricky defining entrepreneurship versus small business versus start-ups. I think venture capitalists do play a role. Business development for startups 2013. What’s Your $1 Billion Idea? - Doug Sundheim. By Doug Sundheim | 1:00 PM January 13, 2014 Anyone would be inspired by the story of Nick Woodman, the CEO of GoPro, a $2.5B company that makes wearable HD video cameras. The highlights: In the late 1990’s/early 2000’s, Woodman blows $4M of VC money on a failed venture called funBugs.com, an ultimately ill-conceived loyalty, sweepstakes, and entertainment website. In 2002, unsure of what to do with his life, he takes off to surf in Indonesia and Australia. He wants to capture live-action shots from his surfboard. Back in the US, unable to find a suitable camera wrist strap, Woodman sets out to develop one himself. I love Woodman’s story. To live a question is to commit to it—to explore it even though we’re not sure where it will take us. Of course, to get better at living interesting and meaningful questions, we have to get better at identifying them.
Why are children’s car seats so tough to install? It’s not an earth-shattering list, just simple seeds of ideas. So here’s my plan. Silicon Chasm. In other words, what is coming is the “new feudalism,” a phrase coined by Chapman University urban studies professor Joel Kotkin, a prolific media presence whose New Geography website is an outlet for the trend’s most vocal critics. “It’s a weird Upstairs, Downstairs world in which there’s the gentry, and the role for everybody else is to be their servants,” Kotkin said in a telephone interview. “The agenda of the gentry is to force the working class to live in apartments for the rest of their lives and be serfs. But there’s a weird cognitive dissonance. Everyone who says people ought to be living in apartments actually lives in gigantic houses or has multiple houses.” It’s hard to travel anywhere in the valley and not see what Kotkin is talking about. Beyond the Science and Engineering Quad lies Sand Hill Road, Stanford’s northern and western boundary.
This was not always so. Over the past decade, there has been another sea-change. Tyler Cowen in Average Is Over is more forthright. The Seven Deadly Sins of Startup Storytelling. The Ultimate Guide to Startup Marketing. Fight Like You're Right, Listen Like You're Wrong and Other Keys to Great Management. Top Hacks from a PM Behind Two of Tech's Hottest Products. All Is Fair in Love and Twitter. “The idea for Twitter?” The interviewer asked him.
“Yep,” Dorsey replied. In Silicon Valley, ideas are not in short supply. At every coffee shop, beer garden and technology conference, there are legions of start-up founders, like screenwriters clutching their scripts, desperate to show off an app or site that they believe will be the next big thing. For the ones that make it, success often comes down to a lot of luck. But in Silicon Valley, luck can be a euphemism for something more sinister. Genesis stories tend to take on an outsize significance in Silicon Valley. In 2005, Jack Dorsey was a 29-year-old New York University dropout who sometimes wore a T-shirt with his phone number on the front and a nose ring. His luck changed one morning as he was sitting at Caffe Centro off South Park. Dorsey, who was shy after battling a speech impediment as a child, was reluctant to introduce himself personally. Glass had heard Dorsey’s status idea before, and he was unimpressed. Why Most Startups Don't 'Get' Press.
What Everyone Should Know About How Talent is Bought and Sold. When Big Companies Support Start-ups, Both Make More Money - Sramana Mitra. Micro-failures and the future of marketing. Boorish Behavior by Techies? There's No App for That. The Goldilocks Effect: Why Silicon Valley is No Longer ‘Just Right’ Startup Brand Strategy: An Investment Priority. .@ThomRuhe: Jargon - The Most Pervasive, Pernicious Offense - The Accelerators. .@neilblumenthal: Don't Underinvest in Branding - The Accelerators. Robert Scoble: Building Your Startup In The Silicon Valley - Business Insider. What I've Learned By Leading A Startup--And Taking On Google. Startup Tools. One Entrepreneur's Favorite Start-Up Tools. Sarah Allen: Blazing The Trail For Female Programmers : All Tech Considered : NPR. How to Be Startup CEO - The Startup Guide - Building a Better World Through Entrepreneurship.
The Next, and Overlooked, VC Opportunity: The Middle East - Christopher M. Schroeder. Entrepreneurs '13 : Speakers. Stop Reinventing Disruption - Maxwell Wessel. Why Your (Billionaire) CEO Should Not Run PR: Tesla vs. The New York Times. How Retail Startup Nomi Raised $3 Million In 13 Days. The Real Story Of Apple’s ‘Think Different’ Campaign. Growing Numbers of Start-Ups Are Worth a Billion Dollars. 6 Startup Lessons From Designers At Pinterest, Fuseproject, And Behance. 2013 Prediction: The Unstoppable Rise Of Corporate Media ... And The Deflationary Spiral Of All Media Content.
Instagram Rings its Own Death Knell and Leaps to the Mainstream. What makes for a great entrepreneur? Special Report: Silicon Valley's dirty secret - age bias. Five Self-Defeating Behaviors that Ruin Companies and Careers - Rosabeth Moss Kanter. John Hagel Keynote Speaker Bio - KEYNOTES.ORG. Silicon Valley is stupid (which is why it works) Why I got Fired from Facebook (a $100 Million dollar lesson) Business Intelligence (BI) Trends Go Beyond Analytics. VCs and Start-Ups Pin Their Hopes on Pinterest - Venture Capital Dispatch. Simon Doonan to Mark Zuckerberg: Stop Dressing Like You're Living Under Communist Opression | Simon Doonan. This Time, the Geeks Should Listen to Hollywood | Wired Business. Mary Meeker's Latest Incredibly Insightful Presentation About The State Of The Web. “In the Studio,” How Bizeebee’s Poornima Vijayashanker Fell in Love with Building Software. Forbes Writer Warns Sheryl Sandberg To Keep Her Head Down So She Doesn't End Up A Has-Been.
Do You Want the Good News First? Early Startup Time Wasters. The Jig Is Up: Time to Get Past Facebook and Invent a New Future - Alexis Madrigal. Building It Is Not Enough: 5 Practical Tips On User Acquisition. Kickstarter Sets Off $7 Million Stampede for a Watch Not Yet Made. The Age of the Female-Centric Startup. Connections with Integrity. The Young Ones | Australia Unlimited. Disruptions: The Sloshing Sound of Tech Valuations. Salesforce's happy workforce. Women need more role models, tech leaders tell CES panel | CES 2012. Ex-Apple boss Sculley sets record straight on Jobs. Start-Up Speed. Silicon Valley lowering the bar on innovation. Marc Benioff's Five Leadership Secrets. Google+ Marc Andreessen on Why Software Is Eating the World.