to Internet Valley: archive #4|
High Tech World Wide Trends,
News & Events
10 tips for dealing with difficult people. By Calvin Sun.
Some people are just plain hard to get along with. But you don't have to let them get under your skin. Calvin Sun offers advice for surviving your encounters with vexing customers and colleagues... 3: Have supporting evidence in writing... 5: Use appropriate phrases when needed *
'That's not what I said.' * 'That was not my question.' * 'Please let me finish.' *
'We're [actually] saying the same thing.' 6: Use 'I' rather than 'you' ... For instance, instead of saying,
'You never sent me that email,' consider saying, 'I never received that email.' 7: Separate the issue from the person ... 9: Turn the tables Difficult people like to take the offensive, and they like to put other people on the defensive.
... For example, if someone says, 'We can't do that,' ask, 'What CAN you do?'... 10: Express appreciation when appropriate. One hint: if you do thank or express appreciation to such a person, do it without smiling, because your words will sound more sincere that way.
Apotheker Seeks to Save HP's `Lost Soul' With Software Growth By Aaron Ricadela
Leo Apotheker ..., shielded from the
afternoon Bangalore sun by a vast white tent... vowed that as chief executive officer of Hewlett- Packard he would treat India more as a market than a source of low-cost labor for product development, as it did under his predecessor Mark Hurd... The new CEO says he's likely to buy more companies with software expertise, following HP's Feb. 14 acquisition of data- analysis company Vertica for an undisclosed price.
... 'I happen to know something about software,' said Apotheker, who spent more than 20 years at SAP, the world's largest maker of business-application software...he also wants to make better use of WebOS, the computer-operating system acquired last year when Hewlett- Packard purchased smartphone maker Palm Inc. for $1.2 billion. Starting next year, every one of the PCs shipped by HP will include the ability to run WebOS in addition to Microsoft Corp. (MSFT)'s
Windows... The move is aimed at enticing software developers to create a wider range of applications that would differentiate HP PCs, printers, tablets and phones from those sold by rivals./
NDA Experiment Set up by Mark Hurd
Work Like It's 1999: High-Tech Incubators. By Anita Hamilton
On the top floor of an ugly office building in Mountain View, Calif., a dozen
entrepreneurial dreams are taking flight... If all this seems a bit 1999, it
is... That's one reason new incubators like 500 Startups call their businesses
accelerators instead. These new accelerators tend to invest less money in each
start-up and receive a smaller stake of the company in exchange. For example,
500 Startups trades office space, mentoring and up to $100,000 in capital for 5%
of each new venture it backs. TechStars, which was founded in Boulder, Colo.,
gives companies just $18,000 over a three-month period before showing
entrepreneurs the door. The old-school incubator Idealab (founded by serial
entrepreneur Bill Gross back in 1996), on the other hand, invests a minimum of
$250,000 and keeps a 70% share of each firm... Incubators are spreading their
money around as thinly as possible for good reason. The tech landscape is
changing so fast ... that investors who want a piece of the next big thing must hedge their bets.
"It's awfully hard to pick winners or losers at this stage," notes equity
analyst Colin Sebastian of Lazard Capital Markets. For every 10 investments,
chances are only one will prosper.
Is Mr. Schmidt going to Washington?
By Levi Sumagaysay
... Google CEO Eric Schmidt, whose 10-year reign ends next
month, is on a list of possible successors to Commerce Secretary Gary Locke.... Critics of Google have accused
Schmidt, who has donated money to Obama, of having too cozy a relationship with
the president./ See also:
Google's presence in Washington has never been stronger.
Between 2001 and 2008, employment in high-tech industries in Silicon Valley ...
declined by about 17 percent, representing a loss of slightly more than 85,000
Market: Frothy, but no Bubble. By Olivia Oran
... if we're experiencing days similar to
the ones leading up to March 10, 2000, when the Nasdaq peaked at 5,048.62 before
tanking a short time later. The subsequent dot-com collapse led to the
liquidation of dozens of Silicon Valley start-ups, many of which were worth
billions just months before. Today, 11 years later, Facebook's worth has jumped
30% to $65 billion just six weeks after Goldman Sachs(GS_) invested in the
company at a $50 billion valuation... Unlike Internet pioneers ..., many of
today's high profile start-ups are profitable, possess solid business models,
experienced management teams and hundreds of millions in revenue. Facebook's
revenue, for example, jumped as high as $2 billion in 2010 and its profit topped
$400 million, according to media reports... Venture capital investments peaked
in 2000, when firms poured in more than $100 billion to fund nearly 8,000 deals,
according to the National Venture Capital Association. Total VC investment has
declined steadily since then, with venture capitalists investing $21.8 billion
in 3,277 deals last year.
Microsoft's Top Dog In Silicon Valley Talks ...
By Matt Rosoff
... Dan'l Lewin joined Microsoft to head up its Silicon Valley office in 2001 ..
Lewin's efforts have helped Microsoft improve its relationships with its
California competitors like Google ... , and the company
[Microsoft] now has about
2,200 employees there, including about 400 working on search... He was a
classmate of Google CEO Eric Schmidt at Princeton.
Google's presence in Washington has never been stronger.
By David Hatch
Even though it didn't have a D.C. office until 2008, the company spent nearly
$5.2 million on federal lobbying last year, according to the nonprofit Center
for Responsive Politics. That amount dwarfs the $2.2 million that Yahoo spent
last year and puts Google in a money chase with Microsoft, which shelled out
Eric Schmidt, who steps down as Google CEO in April but will remain as chairman,
is on President Obama's Technology Advisory Council and served as an informal
adviser to his presidential campaign. Andrew McLaughlin was head of global
public policy before being tapped as the White House deputy chief technology
officer in 2009. And Sonal Shah, formerly head of global development, leads the
White House Office of Social Innovation and Civic Participation... Consumer
Watchdog asked House Oversight and Government Reform Committee Chairman Darrell
Issa, R-Calif., to examine Google's close ties with the Obama administration. It
also wants a broader Justice Department investigation of Google along the lines
of the years-long antitrust probe of Microsoft, which culminated in a 2002
settlement with the government / See also: Is Mr. Schmidt going to Washington?
The Dirty Little Secrets of Search
Google 3G xad
IPOs start partying like it's 2000. By Dan Primack
Initial public offerings in the U.S. are off to their strongest start than in any other year since 2000, according to data from Thomson Reuters... there have been more IPOs this year than in 2008, 2009 and 2010 combined.... More than half of the total offerings have been for VC-backed companies ...
Google 3G. By Gregory Gromov.
Yahoo switched to Bing-powered search results in August 2010. Shortly
thereafter, search specialists at Google began noticing that many of the results
for Yahoo! searches were the same as those Google searches of the same terms...
When Google published the search experts' findings, their colleagues at
Microsoft only shrugged, essentially saying that such things happen, that it was
no big deal. However, they immediately stopped copying Google's results. Yahoo!
somehow skirted the debate altogether. However, it was not until later that the
most interesting part of the story emerged. At the outset, Google's experts were
very vocal in complaining about the abovementioned results. They then did an
abrupt about-face, apparently accepting Microsoft's explanation. As if on a
signal, all the once-spirited grumbling ceased. Both sides suddenly stopped
discussing the story. The reason for this is that with the search engine market
so out of balance, Google really needs at least a nominal competitor in the
business... Conjoined twins Yahoo and Bing hold second and third places in the
search engine market, protecting Google from allegations of monopoly, and making
Bing more useful to Google than to Microsoft. / See also:
Google Faces Another Antitrust Complaint in Europe
Whatever Happened to Silicon Valley Innovation? By Steve Hamm
... Meteoric rises and catastrophic collapses are the norm in Silicon Valley, of
course. It's all part of the process of creative destruction that's one of the
Valley's strengths. But ... things have changed in the information technology
capital. Venture firms are shying away from ... large and risky bets they made
in the 1990s,...The venture model for capital-intensive companies is "broken" ... The result is that venture firms are putting much less money into tech
startups than in the past, and the money they do invest goes into less
expensive, less risky deals, including social networking startups such as Facebook, Twitter, Yelp, and Digg... What really infuriates [Andy Grove,
co-founder of Intel] is the concept of the "exit strategy." That's when leaders
of startup companies make plans to sell out to the highest bidder rather than
trying to build important companies over a long period. "Intel never had an exit
strategy," he tells ... "These days, people cobble something together. No
capital. No technology. They measure eyeballs and sell advertising. Then they
get rid of it. You can't build an empire out of this kind of concoction. You
don't even try"... /See also:
McNealy on the decline of
Making friends and influencing investors in Silicon Valley By Richard
British digital media companies head to Silicon Valley in search of investment,
business partners and enlightenment... Mr Lawn says the concerns are valid based
on his experience from three trade missions to the Valley. 'If you go to Silicon
Valley as a UK company to get investment you probably will not get it. If you go
out to set up a US operation, build a partnership or drive your US customer base
you will probably get money alongside European investors.The US market is a big
market for UK web companies. If you are not thinking about moving into it then
in one sense what are you doing?' Mr Lawn says travelling in a group to Silicon
Valley makes a difference. 'It's about strength in numbers, the British coming
to the Valley'... / More
China plans to build Zhongguancun into another "Silicon Valley"
Zhongguancun, a technology hub in Beijing, will be as synonymous with IT
innovation in ten years as Silicon Valley is, according to a draft of the
country's 12th Five-Year Plan... According to the zone's development plan, the
total revenue of Zhongguancun is targeted at 10 trillion yuan (1.5 trillion U.S.
dollars) in 2020, a big jump from the 1.3 trillion-yuan-revenue in 2009...The
total revenue of nearly 20,000 companies in Zhongguancun was 1.55 trillion yuan
last year, up by 20 percent year on year. The area accounted for 19.2 percent of
Why Silicon Valley Immigrant Entrepreneurs Are Returning Home
... At a time when our economy is stagnating, some American political leaders
are working to keep the world's best and brightest out. They mistakenly believe
that skilled immigrants take American jobs away. The opposite is true: skilled
immigrants start the majority of Silicon Valley startups; they create jobs.
Meanwhile, entrepreneurship is booming in countries that compete with us. And
more than half a million doctors, scientists, researchers, and engineers in the
U.S. are stuck in 'immigration limbo'. They are on temporary work visas and are
waiting for permanent-resident visas, which are in extremely short supply...gkm
YouTube, Google finds a nimble model to compete with Facebook. By Mike
... YouTube is emerging as a model for the more nimble, faster-paced company
Google co-founder Larry Page hopes to foster as he takes the reins as CEO.
That's quite a shift. While YouTube was a cultural phenomenon when Google bought
it in 2006, for years it was bleeding money -- losing nearly half a billion
dollars as recently as 2009, by one estimate... But now, YouTube's revenue has
grown dramatically. Many Google employees increasingly see it as an attractive
place to work, with a less bureaucratic environment that lets them run with
their ideas. Page, by all accounts, is looking to inject that same energy into
Google, spurring the mother company to innovate more quickly in its rivalry with
fast-moving Facebook... The shift comes as the online video site is increasingly
focused on revenue. Analysts disagree whether YouTube is profitable, and Google
won't disclose YouTube's finances except to say revenue more than doubled in
2010. Critics of its $1.65 billion purchase have melted away...The site hopes to
be as revolutionary as cable television, which reshaped TV a generation ago ...
"I think 995 of the next 1,000 TV channels will be created on YouTube," said
Hunter Walk, YouTube's director of product management.
With a Little Help: New York, Meet Silicon Valley. By Cory Doctorow
This is what Silicon Valley can teach New York: make experiments cheap. Don't
hire a pricy, outsourced IT company to design a new, exciting book-service for
your company. Why not hire your own developers and a visionary tech person and
try something. Wait until it fails, learn from that failure, and try something
else. Your outsource IT company will hate you if you call them every 30 minutes
asking to try a new feature, or to tweak or remove an existing one. But your
in-house people will love the challenge and freedom of being allowed to fail
fast, iterate, and learn. / As it was told by Robert
Valley is the only place on Earth not trying to figure out how to become Silicon
Valley's jobless rate climbed in January from the month before as
employers trimmed seasonal jobs, the California Employment Development reported
today [03/04/2011]. The unemployment rate in the
beautiful (if bureaucratically named) San Jose-Sunnyvale-Santa Clara
metropolitan area was 10.8 percent, up from a revised 10.6 percent in December.
The report for Silicon Valley came on the same day the U.S. Labor Department
reported national job numbers for February... Nationwide, employers added
192,000 jobs and the unemployment rate dropped slightly to 8.9 percent. Unlike
the local data from the state, the national job numbers are seasonally adjusted...
By Frank Michael Russell / See also:
Silicon Valley News
Silicon Valley jobs: A recurring cycle of boom and bust.
By Pete Carey
Over the past 15 years, Silicon Valley has created some of the world's most successful companies and best-paid workers, while shedding the jobs and industries it no longer needs. As 2011 begins, the drama of job creation and destruction continues. At about 850,000, the number of jobs in the valley today is about the same as in 1995, the year Yahoo was founded and three years before Google was born. Over the same period, the population has grown by 20 percent. And, amid the Great Recession, the number of people here who are unemployed
-- hovering around 100,000 for a year and a half -- is the highest since the state began keeping comparable records in 1990.
/ According to some, this graph shows
the current technology boom that is
centered in and around San Francisco.
For the latest on that projected 2011 upswing, please see Silicon Valley's jobless rate climbed in January ...
Leader of Business Innovation
Dan Senor, co-author of 'Start-up Nation: The Story of Israel's Economic
Miracle,' discusses with CNBC how Israel has managed to become a leader in
Bloomberg Covers Silicon Valley Tech Boom. By MATHEW LUSCHEK
How big is the current technology boom that is centered in and around San
Francisco? Big enough that New York-based Bloomberg Television has hired 65
reporters and editors to cover it, as well as launched a new daily program that is broadcast live at 3 pm every day ... three of the
four biggest companies in the U.S. -- Apple, Google and Microsoft -- are all
based on the West Coast. / Silicon Valley's next boom? Tony D'Altorio
does not think so