Word: silicones
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...worth $36 billion? Yeah, on Wall Street, where it's 1999, and advertising on TV networks is the best way to sell SUVs and six-packs to the masses. In the hearts, minds and business plans of Silicon Valley, however, it's 2005. Most U.S. homes and every last dorm room and office have high-speed connections to the Net; a wired nation surfs an endless array of digital infotainment, and--sorry, Sumner--the '80s-era conglomerates brimming with vertically integrated synergy are about as relevant as rabbit ears. The Viacom-CBS merger "has the feel of a nostalgia purchase...
Lest some of you are already typing furiously in Java or C++, one word of caution--this editorial is not meant to convince you to give up your Harvard education. On the contrary, despite the urge to pack up and move to Silicon Valley and sunshine, there are several compelling reasons to stay right here...
...been reading about--"millionaire angst," a condition that can apparently disable an otherwise healthy and prosperous 28-year-old who, while stripping paint from what ought to be a perfectly adequate starter house, can't keep himself from dwelling on the fact that a contemporary of his in Silicon Valley is starting with a house that costs $9 million...
...basic, how come most of us are about as familiar with it as we are with life on Mars? Steve Jurvetson, a partner in Silicon Valley venture-capital firm Draper Fisher Jurvetson who has invested in FastParts, an electronics trading exchange, and Sonnet Financial, an online foreign exchange, calls B2B "the iceberg waiting to emerge." "Most people," Jurvetson says, "understand the business-to-consumer market because they are consumers themselves. It's kind of like the Beardstown Ladies' investment protocol: use a product, come to understand it and then invest in it. With business-to-business, though, unless...
...plan to the 25 employees of her Scottsdale, Ariz., software company, NetPro. "In high tech, if you don't have a plan, your employees just go next door," Carthey says. By 1996, NetPro began offering stock options as a further benefit in order to keep up with its Silicon Valley peers. Employees buy shares in NetPro at a discount, before the company has gone public, and some hope to retire in part on the gains the business will see as it grows. Today even part-timers on the staff of 103 get options. "I want every single employee...