Venture Capital

unicorn

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…

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Universities have a choice–partner with industry, or watch their best minds disappear

The University of Virginia’s provost, Tom Katsouleas, once told me that less than one percent, by his estimates, of basic research is commercialized and that there may be as few as one near-term commercialization for every $10 million invested in fundamental research.  This is an…

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We need a new version of capitalism for the jobless future

“There are more net jobs in the world today than ever before, after hundreds of years of technological innovation and hundreds of years of people predicting the death of work.  The logic on this topic is crystal clear.  Because of that, the contrary view…

Nadella Microsoft

Why I’m confident that the tech industry is fixing its diversity quagmire

When Microsoft’s chief executive, Satya Nadella, commented that women should have faith in the system to give them the raises they deserve, he knew he had misspoken. His words at the Grace Hopper Celebration of Women in Computing, last October, caused immediate outrage. In…

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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…

NVCA

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…

Drones

Banning drones won’t solve the problem

The Federal Aviation Administration recently released a report detailing more than 190 safety incidents involving drones and commercial aircraft. In response, Senator Dianne Feinstein (D-Calif.) has vowed to push legislation that would crack down on the commercial use of drones, also called Unmanned Aircraft…

Thiel college

In defense of college: What Peter Thiel gets wrong, once again.

In a Washington Post opinion piece, billionaire Peter Thiel asserts that college is the final stage of a competitive tournament in which kids at the top enjoy prestige because they’ve defeated everybody else. He claims that college education is a bubble and doesn’t provide more…

Obama Exec Order

Why I’m pleasantly surprised with Obama’s immigration plan

I had expected — or feared — that President Obama would once again let Silicon Valley down with his executive order on immigration. But he hasn’t. The president has done practically everything in his power to address the needs of the technology community. The…

Travis

Uber’s legacy hangs in the balance: Digital robber baron or respectable innovator?

Uber, the leading ridesharing company, has earned the distinction of becoming one of the most hated companies in the technology industry. One of its executives, Emil Michael, recently suggested to a large dinner gathering that his company should allocate $1 million to dig up dirt…

Khosla

Why baby boomers are an important part of technology’s future

Steve Jobs was 52 when he announced the iPhone. That was in 2007. Years later, the Apple co-founder introduced the MacBook Air, App Store and iPad. Tim Cook, who was 51 when he took over from Jobs, is building on his legacy. They both…

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The glaring gender dilemma Silicon Valley venture capitalists are hiding from

The dominoes are falling in Silicon Valley: technology companies releasing their diversity data, apologizing for the sins of the past, and promising to do better. I know from my meetings with executives of Google and Facebook that they are dead serious; that this isn’t…