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.
Even a CNN commentator is noticing that the Obama economy doesn’t look good for millennials. And if we’re going to fix a big problem that stands to ruin the hopes of an entire generation, we need to think about big solutions, not just finger-pointing.
Ashton Kutcher took on the character of Steve Jobs for a Hollywood movie, but he also channeled Steve Jobs’s life and has made about $100 million in early-stage technology investments through his venture capital fund, called A-Grade Investments.
In just a few years, a handful of Silicon Valley ridesharing companies have created a new market that’s worth multiple times the entire U.S. Taxi industry.
As the bank accounts of Silicon Valley swell, so too does their appetite for lobbying the government. According to the Center for Responsive Politics, over the last 25 years, lobbying has spiked almost 2,000%, from 800K in 1990 to over 60M in 2012.
Apple unveiled its highly anticipated health-tracking Watch today, along with a breakthrough initiative to vastly increase the research resources of the global medical community. With a new app, ResearchKit, millions of Apple users can now offer crucial data on their daily habits to approved medical researchers.
Despite all the prattle about large Silicon Valley Internet-driven companies battling to dominate the shift to autonomous electric vehicles, Facebook’s Mark Zuckerberg told the Mobile World Congress 2015 in Barcelona, Spain, that Facebook won’t build cars. Rather, he said, the company is focused on actively championing mobile advertising, which is shifting how companies approach their brand marketing strategies.
A new Silicon Valley dating app called “Luxy” is attempting to refute the old adage “money can’t buy love.” The app requires users to have at least a six-figure salary and even matches users based on their favorite high-end designers.
As the globe’s top venture capitalist, John Doerr of Kleiner Perkins Caufield & Byers has funded and mentored tons of start-up Silicon Valley companies that became fantastically successful, including Google, Amazon, Intuit, and Electronic Arts, Twitter, Square and Zynga. But one of his worst bets may turn out to be personally hiring Ellen Pao in 2005. Pao is dragging Doerr into her lawsuit for $16 million for sexual discrimination after 7 years at the firm.
As Breitbart reported last week in “Teamsters Win Big in Silicon Valley, Target Tech Companies”, after the Teamsters Local 853 organized Facebook contract shuttle bus drivers a week ago, over the weekend they won elections organizing drivers for Yahoo, Apple, Genentech, eBay and Zynga.
From Venture Beat: Presidential candidates like to treat Silicon Valley like an ATM, simply a money machine to support their massive national campaign expenses. They tour company headquarters with stump speeches, praising the tech industry as an engine of growth,
The monumental hypocrisy of Hillary Clinton emerged full-blown on Tuesday as she spoke in Silicon Valley about “shocking” pay disparities between men and women. Speaking at the Lead On Watermark Conference for Women at the Santa Clara Convention Center before a crowd of 5,000 people, Clinton intoned that data on women’s pay inequity was “sobering” and “shocking,” according to the San Francisco Chronicle.
Potential presidential candidate Hillary Clinton is cheering Patricia Arquette’s speech at the Oscars demanding equal pay for equal work in the United States.
Hillary Clinton used a paid speaking engagement and subsequent question and answer session at a Silicon Valley conference for women Tuesday to begin testing out her policy positions prior to the expected launch of an official 2016 campaign for the White House.
The whiz kids of Silicon Valley are celebrating the GOP’s apparent collapse on Net Neutrality. The New York Times exults: “the little guys appear to have won.” It omits that the “little guys” are some of the richest people in America, and–by their own lights–the smartest. The odd thing is that the nerds who have an app for everythng seem to be unable to explain what Net Neutrality actually is, and why we need it. Case in point: Tuesday’s epic failure by Tumblr CEO David Karp on CNBC.
San Jose, once viewed as a jewel, called “America’s safest big city” and known as the prime bedroom community of Silicon Valley, now has little money. Its libraries close some of the time, its potholes remain unfixed, and its police force goes understaffed.
Although the ink is barely dry on the $485.6 million venture capital funding for Snapchat that valued the company at about $10 billion, Bloomberg reports that Snapchat is looking to raise another $500 million at a valuation of up to $19 billion. That would make the messaging platform the third-most-valuable venture startup on the planet, just behind Xiaomi and Uber. It also would value the company at 92.5% of what was considered a jaw-dropping value of $22 billion paid by Facebook to buy WhatsApp.
Suddenly, Barack Obama isn’t quite as popular with Silicon Valley execs as he used to be, primarily because they do not trust his efforts to increase the sharing of digital data between their companies and the federal government.
It is commonly assumed that many people working in Silicon Valley possess higher intelligence, as the area is replete with scientists, technologists, and engineers. However, according to the California Department of Public Health (DPH), many of those same people are too smart–or not intelligent enough–to vaccinate their children.
A major player in Rand Paul’s finance team stands accused of caddish behavior and sexual assault, and the civil litigation is ongoing. Indeed, the case could become an issue in Paul’s potential presidential run.
Online microblogging site Reddit’s new interim CEO Ellen Pao, is seeking a massive $16 million in reparations stemming from a 2012 gender discrimination lawsuit against her former employee, venture capital firm Kleiner, Perkins, Caulfied & Byers.
Newsweek never recovered from withholding the publication of investigative reporter Michael Isikoff’s expose of an alleged sexual relationship between President Bill Clinton and Monica Lewinsky in early January 1998. But 17 years later, and two sales of the magazine for $1 each time, the new owners
Jason Ankeny at Entrepeneur reports on Breitbart London’s own Milo Yiannopoulos, whose upcoming book The Sociopaths of Silicon Valley takes aim at uncouth dealings, both personal and professional, of giants in the tech industry.
Monday Oracle Corporation announced that former CIA director and secretary of defense under President Obama Leon Panetta will become a director for the Silicon Valley multinational computer technology giant.
With the evolution of smartphone technology, the laptop could go the same way as GPS devices, portable game machines, cell phones and hand held mini-cameras.
None other than a prominent TechCrunch contributor called out tech industry insiders who push for massive increases in guest-worker visas while falsely claiming that there is a shortage of American high workers.
As women are becoming a more integral part of the workforce, the demand for their recognition across the board has also increased. The tech sector, in particular, has faced the feminists’ wrath. Recently, Apple has been targeted as a result
The New York Times has a lengthy piece on the rise and fall of Yahoo – the Internet giant that pioneered Web searches, helped define the Internet experience by creating a unified start page that still has over 700 million visitors a
