Up-and-coming tech titans are shelling out massive salaries to retain the best immigrants in the world. Netflix is paying an average of $239K per year, and Airbnb is dolling out $163K, up from $134K and $106K in 2012, respectively.
This week it was Silicon Valley versus the entire transportation sector. Scrappy startups and tech behemoths battled entrenched industries and government regulators throughout the globe, in what has become a fascinating illustration of how an entire social sector responds to
Leaking information to reporters in Silicon Valley is an everyday occurrence. But a former employee at Yahoo is being sued for actually leaking passwords to confidential computer files inside the company to help a financial industry journalist write an unauthorized biography titled: “Marissa Mayer and the Fight to Save Yahoo!”
GOP presidential candidate Sen. Rand Paul (R-KY) on Saturday will launch a campaign presence in the tech community in Silicon Valley—similar to his campaign’s efforts in Austin, Texas—he tells Breitbart News in an exclusive interview.
In February, Google unveiled an expansion of its Silicon Valley campus that many dubbed the new Star Wars Fleet Command Headquarters. The worldwide acclaim for its eco-friendly biosphere design, which features translucent canopies and walkways around natural salt water lagoons, has been intense. But this week, the City of Mountain View decided, in order to maximize property tax revenue, to give the property to Linkedin to build 1970s-style conventional stack-and-pack office towers that maximize occupancy.
Earlier this week, the San Jose Mercury published an article, “Asian-American Tech Workers Absent from Silicon Valley’s Executive Suites,” that describes how the Ascend Foundation wants to add Asians to the classes of black, women and Latino engineers that are
A new, unauthorized, supposedly “tell-all” biography just released by Bloomberg’s Ashlee Vance claims that serial entrepreneur and Tesla (TSLA-NASDAQ) CEO Elon Musk hid from investors and customers that the electric car company was down to two weeks of cash in early 2013 and had to beg for Google to consider buying the company.
The Four Seasons issued a statement saying the incident did not happen on any of its properties and that David Goldberg was not registered as a guest in any of the resort’s rooms, villas or residences.
The sudden death of Silicon Valley entrepreneur Dave Goldberg, SurveyMonkey CEO and husband of Facebook COO Sheryl Sandberg, rocked the tech world this weekend.
Uber is systematically wiping out taxis in San Francisco. As of last year, average taxi trips per month had reportedly plummeted 65 percent in just 2 years. In an effort to save the industry, a new startup, FlyWheel, has begun outfitting taxis with the Uber-like convenience of smartphone hailing and payments.
To prove a point that it may become the Silicon Valley cocktail of the future, San Jose Mayor Sam Liccardo, Santa Clara Mayor Jamie Matthews and other Silicon Valley leaders gulped down some filtered, cleaned and disinfected sewage water.
15 years after the Dot-Com Bubble burst, the Nasdaq Composite Index leapt by 20.89 points, or 0.4%, to close at 5056.06 on Thursday, a record high. The strength of the index is being driven by the Silicon Valley 150 tech companies that have provided the juice to lift the NASDAQ by 6.8%, despite U.S. stock performance trailing major world markets.
Tech workers do have a libertarian streak. Twelve times more tech workers would vote for Paul (12 percent) than Jeb Bush (one percent). But, I must stress, the results are within the margin of error.
Techies in Silicon Valley often tell me that if they do their job right, it should cease to exist. The goal of a lot of technology is to reduce the amount of human labor necessary to get something done. A new study finds that this Silicon Valley maxim also holds true for the government — in a massive way.
Former Florida Governor Jeb Bush was in California’s Bay Area Wednesday and Thursday making his potential pre-presidential fundraising rounds.
About 11.3 percent of Bay Area residents are living at or below the poverty level, according to a Joint Venture Silicon Valley Institute analysis entitled, “Poverty in the Bay Area.” Despite low unemployment in Santa Clara County, the heart of the Silicon
Media observers are claiming that Ellen Pao’s loss in her $160 million gender discrimination claims against her former venture capitalist employer Kleiner Perkins Caufield & Byer means a dark future for women in Silicon Valley. But women already control 36 percent of small businesses, hold 50 percent of all management positions and account for 60 percent of college students. With rising economic power, women seem destined to eventually dominate Silicon Valley and much of American business.
In a shockingly short deliberation for such a highly-visible gender discrimination lawsuit, a San Francisco jury of six women and six men ruled against former junior partner Ellen Pao on all four of Pao’s claims of gender discrimination and retaliation against the prestigious Silicon Valley venture capital firm of Kleiner, Perkins, Caufield and Byers.
Twins Cameron and Tyler Winklevoss, who scored a $65 million settlement with Mark Zuckerberg for their role in the creation of Facebook, will guest-star on HBO’s critically acclaimed show Silicon Valley.
The five-week-long and very salacious trail against Kleiner Perkins Caufield & Byers for alleged sexual discrimination against Ellen Pao went to the jury Wednesday. The former junior partner is demanding $16 million for sexual discrimination and up to $144 million for punitive damages. Her suit has paved the way for a coming tsunami of diversity litigation across Silicon Valley.
The U.S. Senate’s most outspoken contrarian, Ted Cruz, became the first official 2016 candidate to launch a bid for the White House Monday. Despite the fact that he’s highly controversial within his own party, it has long been known that
Following Benchmark Capital partner Bill Gurley’s warning last week at the South-by-Southwest conference (SXSW) that “we are in a risk bubble”, Bloomberg, the Wall Street Journal and the New York Times all sounded the claxon horn Monday morning that New York hedge funds and mutual funds are flooding into late-stage venture capital-back tech companies in the futile hope of making a killing when the firms go public.
Testimony finished on Friday in Ellen Pao’s sex discrimination trial against Kleiner Perkins Caufield & Byers (KPBC) and closing arguments are scheduled for Tuesday. Soon the trial will be in the hands of the six women and six men of the jury
California’s Employment Development Department (EDD) announced that job growth in tech-strong Santa Clara County, a.k.a. Silicon Valley, hit 5.2 percent in February. Employment growth is now at the highest point since the Dot-com Bubble in 2001.
Jim Messina, the co-chair of Hillary Clinton’s super PAC and former White House Deputy Chief of Staff for President Barack Obama, is earning “tens of millions” of dollars as “Silicon Valley’s go-to government fixer” in Washington. Messina is also famous as the White House staffer who told Democrats to “punch back twice as hard” in town hall meetings on Obamacare in 2009, and as the campaign manager for President Obama’s negatively-themed re-election in 2012.
