Word: silicones
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Yahoo!'s Apprentice victory broke new ground in the awkward relationship between Silicon Valley and Hollywood. Internet companies have long wanted to put entertainment content online, but fear of piracy, illegal downloading and disruption of their revenue model have so far made the studios hold on tightly to their product. Semel, who was brought in to run Yahoo! after 30 years in Hollywood, is determined to change that. In November he hired Lloyd Braun, the former chairman of ABC Entertainment who greenlighted shows like Desperate Housewives and Lost and earlier helped develop The Sopranos for HBO, to head...
HOLLYWOOD AND SILICON VALLEY were shocked when Terry Semel became CEO of Internet portal Yahoo! in 2001. But the ex-Warner Bros. chief has led the company out of dotcom-bubble troubles to a new era of record profits. He has also done well personally, making a profit of more than $250 million on stock-option sales, according to analysis firm Thomson Financial. Semel talked to TIME's Jeffrey Ressner about technology, Tinseltown and the competition...
...WORKING IN SILICON VALLEY DIFFERENT FROM HOLLYWOOD...
...things--the very first Apple computer mouse and the light-up LAVATORY OCCUPIED sign used on Boeing 747s. In 1991 his company merged with ID Two, designer of the first laptop, to form Ideo. During the heady high-tech 1990s, the firm became the hottest product-design shop in Silicon Valley, working with the biggest names in business, churning out hundreds of supremely user-friendly designs like the Palm V and the Polaroid I-Zone "fun" camera and winning more awards per year than any other design firm...
Zuckerberg estimates he’s been to 40 meals with interested venture capitalists and representatives of other companies, like Google, to discuss investment opportunities. Nearly all of the top-tier Silicon Valley venture capital firms have expressed an interest, he says, and TheFacebook has met with most of them. The casual nature of the investor meetings makes it easy for Zuckerberg to go out for lunch, or to a concert, with or without the intention of accepting money. He enjoys the meetings, he says, out of sheer curiosity. But over the summer, when TheFacebook fell...