Word: silicon
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Dates: during 1990-1999
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There was something oddly charming about the geeks who made up the first wave of Internet entrepreneurs. Social misfits pounding out code in their computer-science labs--these people deserved professional success. But after the Wright Brothers, you get Frank Lorenzo. And so this summer Silicon Valley was flooded by the Second Wave: fast-talking business-school grads whose interest in technology is limited to how it will make them money. This is Silicon Valley in the IPO age. Geeks are history; they're all capitalists now. Netscape founder Marc Andreesen stars in a Miller Lite...
Taiwan, commercially successful as a legitimate competitor to Silicon Valley, has not achieved equivalent political success globally; the U.S. and the United Nations deny its sovereignty...
...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...
...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...