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...unparalleled engine of innovation, the mecca of high tech, biotech and now clean tech. In 2008, California's wipeout economy attracted more venture capital than the rest of the nation combined. Somehow its supposedly hostile business climate has nurtured Google, Apple, Hewlett-Packard, Facebook, Twitter, Disney, Cisco, Intel, eBay, YouTube, MySpace, the Gap and countless other companies that drive the way we live. (See pictures of California First Lady Maria Shriver...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...cerebral bent to his work. He actively seeks and hoards information, isolating and then coddling a nugget of curiosity until it blossoms into a sprawling research project. A few years ago, Ian decided he needed to understand economics, so he bought a batch of textbooks off of Amazon and EBay to work through. Most days, he says, he puts in an hour or so on Wikipedia. On a recent October afternoon, “William III of England” is open on his computer—just to look into some English history, he says. The accumulation of knowledge...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists and political figures such as Speaker Nancy Pelosi and Senator Barbara Boxer, both California Democrats, while Fisker's owners include Kleiner Perkins Caufield & Byers, one of Silicon Valley's most successful venture-capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

...Moving into new businesses is no slam dunk. "There is always a risk when a company acquires a business that's outside their core competency," says Ivey. For example, when eBay gobbled up Skype, its plan to tap into Skype's massive customer base failed, and it's now selling Skype...

Author: /time Magazine | Title: Tech Mergers and Acquisitions Coming Back | 10/7/2009 | See Source »

...outrageous eBay auctions...

Author: /time Magazine | Title: The Skype Founders' Revenge Against eBay | 10/1/2009 | See Source »

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