Mark Ames on Silicon Valley's conspiracy to drive down workers' wages:
In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators.... The secret wage-theft agreements between Apple, Google, Intel, Adobe, Intuit, and Pixar (now owned by Disney) are described in court papers obtained by PandoDaily as “an overarching conspiracy” in violation of the Sherman Antitrust Act and the Clayton Antitrust Act.... [more inside]
posted by enn
on Jan 24, 2014 -
The Columbia Journalism Review interviews Evgeny Morozov: Evgeny vs. the internet
The entire Morozov aesthetic is in this sentence: the venom, the derision, the reverse jujitsu of his opponents’ sanctimony, the bald accusation that all the talk about a new age of human flourishing is nothing but an attempt to vamp the speaker’s consulting business. Tech enthusiasts channel hope. Tech skeptics channel worry. Morozov channels anger, and this can be a very satisfying emotion to anyone unconvinced that everything is getting better. Leon Wieseltier, who has published some of Morozov’s most acid criticism at The New Republic, compares him to the ferocious jazz musician Charles Mingus, who once responded to an interviewer who accused him of “hollerin’ ” by saying, “I feel like hollerin’.” I asked Morozov if he considers his Twitter feed, which spews a constant stream of invective and absurdist satire, to be performative. This was a bit like asking Mingus if he considers jazz performative. “Absolutely,” he said. “I consider it art.” [more inside]
posted by the man of twists and turns
on Jan 13, 2014 -
It started when PandoDaily
founder Sarah Lacy interviewed SpaceX/PayPal/Tesla founder Elon Musk
at a facility called CrossCampus. She wasn't happy that CrossCampus put a banner over their stage, so she wrote them an angry email that seemed an awful lot like an attempt at extortion
. So they responded saying as much. Which so infuriated PandoDaily columnist Paul Carr
that he responded with a rant that has already become Internet-famous
Fuck you Ronen, you condescending sack of shit. [...] Google me. Read a few of my columns in the Guardian, the Times, the Wall Street Journal or on blogs like TechCrunch and — of course — PandoDaily. Or pick up one of my books. Read what *always* happens when someone starts a public fight with me, or attempts to shake down one of my friends. [...] I suggest — and it's not really a suggestion — you fuck off and stop trying to play with the big leagues. You're barely ready for pre-school, let alone a pathetic "our lawyers are bigger than your lawyers" dance. [...] Batter up.
. Sarah Lacy wants Valleywag, which leaked the emails, to pay her $100,000 in damages
. Paul Carr responds on his own site
, and clearly regrets nothing.
posted by Rory Marinich
on Aug 17, 2013 -
Are coders worth it? We call ourselves web developers, software engineers, builders, entrepreneurs, innovators. We’re celebrated, we capture a lot of wealth and attention and talent. We’ve become a vortex on a par with Wall Street for precocious college grads. But we’re not making the self-driving car. We’re not making a smarter pill bottle. Most of what we’re doing, in fact, is putting boxes on a page. Users put words and pictures into one box; we store that stuff in a database; and then out it comes into another box.
posted by shivohum
on Jun 7, 2013 -
In a quiet cafe outside San Francisco,
"Josephine" -- a local prostitute -- arranges a collection of t-shirts across the table. They're emblazoned with phrases like "Winter is Coming" and "Geeks Make Better Lovers." She wears them in her online ads to catch the eye of the area's well-off engineers and programmers.
posted by bookman117
on Apr 15, 2013 -
More and more companies residing (typically) in Silicon Valley are getting $1 billion+ valuations. Are we in the midst of another bubble?
Link to the NYT graphic
describing some of these companies.
According to the article, a bubble doesn't exist, as the previous internet bubble is still fresh in people's minds.
are trying to copy this Silicon Valley phenomenon, but is it worth it / sustainable?
posted by JiffyQ
on Feb 5, 2013 -
Rebecca Solnit on how Silicon Valley corporations are transforming San Francisco: I weathered the dot-com boom of the late 1990s as an observer, but I sold my apartment to a Google engineer last year and ventured out into both the rental market (for the short term) and home buying market (for the long term) with confidence that my long standing in this city and respectable finances would open a path. That confidence got crushed fast. It turned out that the competition for any apartment in San Francisco was so intense that you had to respond to the listings – all on San Francisco-based Craigslist of course, the classifieds website that whittled away newspaper ad revenue nationally – within a few hours of their posting to receive a reply from the landlord or agency. The listings for both rentals and homes for sale often mentioned their proximity to the Google or Apple bus stops. [more inside]
posted by liketitanic
on Jan 31, 2013 -
The Viral Me
- GQ article on some of the newer social media stuff coming down the pike by Devin Friedman who asks: What is the endgame of your revolution? And can you promise me it won't suck?
A more general thesis about the basic disappointment of the Internet: It ultimately evolves only where it meets human desire, which itself is geared for life circa 200 b.c. If the Internet ultimately disappoints, it's because it was made for humans. Give us instant connection to everyone and the ability to collaborate in vast seamless networks and we spend 99 percent of those resources telling everyone what kind of oatmeal we ate for breakfast and 1 percent of it building Wikipedia. [more inside]
posted by marble
on Jan 28, 2011 -
Adolf Finds Out Bin 38 AngelGate.
Originally used as a term to describe wealthy individuals who funded theater productions in great Britain, angel investors
have become the go-to people when your start-up needs seed money, but not enough warrant a full fledged venture capitalist firm. Acquiring an angel investor can involve everything from full on formal proposals to an individual visiting your dorm room and writing a check... [more inside]
posted by AElfwine Evenstar
on Sep 24, 2010 -
Afraid that Jobs' wild spending and Woz's recurrent "flights of fancy" would cause Apple to flop, Wayne decided to abdicate his role as adult-in-chief and bailed out after 12 days. Terrified to be the only one of the three founders with assets that creditors could seize, he sold back his shares for $800.
An interview with Apple Computer co-founder Ron Wayne
(he also designed Apple's first logo
). Had he held out, his shares today would be worth $22 billion.
posted by Chinese Jet Pilot
on Jun 4, 2010 -
The founders of Webshots.com
sold out to Excite@home in '99 for $82.5M, they just bought it back--for $2.4M. $6.7B Excite.com goes for $10M and Blue Mountain Greetings ($780M) goes for $35M. A billion here, a billion there and pretty soon we're talking more than pocket change.
posted by m@
on Jan 8, 2002 -
"It seems that for success
in science and art, a dash of autism is essential."
But now the techies in Silicon Valley who prospered with that dash
are having children with far more pronounced problems. Is having too many shy programmers in one spot the equivalent to pissing in the gene pool?
posted by hellinskira
on Dec 19, 2001 -
Dot-Com Is Dot-Gone, and the Dream With It
A New York Times article on the dot-com-crash.
"Each day, the old idols seem to fade further into the dim past, barely recollected in a country where the languages of "revolution" and "warfare" are no longer just business metaphors. This is the next step after the bursting of the dot-com economic bubble — the bursting of the cultural bubble, the end of the nerd as a crossover hit, of the I.P.O. zillionaire as role model to college students."
I agree that our country is in the beginning of a cultural revolution; starting with the dot-com crash last year and accelerating with 911. Am I alone or does anyone agree?
posted by Oxydude
on Nov 25, 2001 -
Luckyluncher.com Launches With $42 in Angelo Financing
Found this on Business Wire:
"A new web site to help Silicon Valley stock option refugees enjoy the extravagant lunches of yesteryear started today with $42 in Angelo financing.
That's Angelo financing, not Angel financing. 'My friend Angelo loaned me the 42 bucks to register the domain name' explains co-founder Gary Cook."
posted by lheiskell
on Oct 19, 2001 -
I'm not really sure if I feel for these people
or not. A lean job market is no picnic, but c'mon, there are other jobs
out there. Maybe it is some sort of divine retribution for these shelter denizens after spending months cutting people off while yapping on the cell-phone behind the wheel of the leased Porsche
. Yes, that was a run-on sentence.
posted by donkeysuck
on Jun 15, 2001 -
Bush seeks support from Silicon Valley leaders for tax plan.
"I haven't seen the list of attendees yet, but it's for the purpose of building support for the President's budget and tax plan, for the vital group of the economy that's kept our economy strong. If there's any group that has its finger on the pulse of the economy, it's the high tech community, and the President wants to hear their thoughts about the strength of the economy and to share with them his ideas for how to improve it."
Yeah, but what about the PEOPLE? Shouldn't WE be asked about the tax plan?
posted by bkdelong
on Mar 27, 2001 -