How crowdfunding can help save Silicon Valley from its harebrained investors

There are fears that another Ice Age is about to hit Silicon Valley because of the implosion of its unicorns — start-ups valued at more than one billion dollars. By one estimate there were 229 such companies in January of this year. Their valuations are dropping precipitously because they were overpriced and overhyped. The fear is that venture capital will dry up and hurt the innovation ecosystem. In previous...

Here’s the advantage that keeps Silicon Valley ahead of the world

A trait shared by the fastest growing and most disruptive companies in history — Google, Amazon, Uber, AirBnb, and eBay—is that they aren’t focused on selling products, they are building platforms. The ability to leverage the network effects of a platform is something that the technology industry learned long ago — and perfected. It is what gives Silicon Valley an unfair advantage over competitors in...

Why Apple’s Defeat to Samsung Was a Victory for Innovation

Apple just suffered an important legal defeat to Samsung in its battle over patents. This is good because Apple’s claims were frivolous; its patents were questionable; and its use of litigation to hold back a competitor set another wrong precedent for the industry. Because of these patent wars and patent trolls, technology companies are divesting huge resources to defend themselves rather than advancing...

The urgent need for Silicon Valley to lead a smart and civil conversation on inequality

There are very few issues that Donald Trump, Bernie Sanders, Ted Cruz, and Hillary Clinton all agree on.  One of them is the growing problem of inequality in income and wealth.  From the extreme left to the extreme right, everyone is angry about the one percent who have the majority of the wealth.  There has always been an income and wealth gap, but the divide between average worker and the very wealthy has...

How I realized the incredible impact that great bosses have

“I don’t care if you have to take drugs, you have to build it in six months,” said my boss, Khurshed Birdie, when I told him that he was on drugs if he thought my team could create a software development toolset in less than three years. This was in 1986 at Credit Suisse First Boston, one of New York City’s top investment banks. We were rebuilding the company’s trade processing systems to run...

Chasing Rainbows Won’t Save Indian I.T. It Desperately Needs to Reinvent Itself

Wipro announced in May that it will open a technology center in Mountain View, California, to partner with startups in artificial intelligence and automation. And Infosys has just announced an investment in Palo Alto-based venture-capital firm Vertex Ventures, “to boost its access to startups focused on disruptive technologies”. Both companies seem to believe that setting up a Silicon Valley office...

Mobile is eating the business world, but where are all the great business apps?

Every 15 years or so, the world witnesses a profound shift in computing platforms. In the 1980s the advent of the PC heralded a shift away from mainframe computing. Then along came the Internet and an outpouring of web-based applications. Now it is mobile’s turn to eat everything. And with each tectonic shift in the technology landscape, the sheer volume of computing devices associated with it expands exponentially. The...

Why there has never been a better time to be an entrepreneur

Doctor, engineer, and businessman. These were the top three career choices for the children of middle-class families in India when I was young. Doctors earned the most respect; engineers were second-best; business was something you got into if you didn’t have the chops to complete a degree. I chose the engineering route or the closest thing to it that I liked: computer science. My family had moved to the United...

Looking for an exotic vacation? Here’s why moon travel may be only 20 years away

Five teams competing for the $30 million Google Lunar X Prize have just been awarded a combined $5.25 million for meeting significant milestones in developing a robot that can safely land on the surface of the moon, travel 500 meters over the lunar surface, and send mooncasts back to the Earth. A tiny start-up from India, Team Indus, with no experience in robotics or space flight just won $1 million of this...

Book review: Peter Diamandis’s ‘Bold’ a reminder of how entrepreneurs will control the world’s fate

Just as an asteroid wiped out the dinosaurs that ruled the Earth and made way for small furry mammals, a new wave of planetary disruptions is about to occur. The new asteroid is called “exponential technology.” It is going to wipe out industries in a similar manner to the rock which fell on Earth during the Cretaceous Period. That is the premise of a new book by Peter Diamandis and Steven Kotler, Bold:...

7 admirable start-ups that are driving social change

A standing joke in Silicon Valley is that the smartest people go into online advertising, virtual currency, or dumb online games. And you surely have to wonder what has gone wrong when the industry’s heavy hitters and venture capitalists provide $1.5 million to seed a useless app such as Yo. Fortunately, there are many tech start-ups that are solving real problems — and many entrepreneurs who care. The venture...

Venture capital takes a step in the right direction on diversity

The National Venture Capital Association (NVCA) announced Monday the formation of a task force to help its members increase opportunities for women and minorities. On the surface, this looks like just another news release by an industry under fire; but I think there is much more to it. The NVCA is providing true leadership and challenging its members to clean up their act. I have long been critical of the venture-capital...