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...those wondering whether Silicon Valley idealism went on sale with Google's first share of stock, look no further than Craig Newmark and Jim Buckmaster, the men behind the online bulletin board Craigslist. Here's Newmark, its founder, on success: "Once you make a comfortable living, how much extra stuff do you need?" Here's Buckmaster, its CEO, on strategy: "We're not setting out for global domination. We're just looking to provide our service to people who need it. If it's not needed, that's fine." Not surprisingly, Craigslist has no marketing department...

Author: /time Magazine | Title: The Last Idealists | 10/11/2004 | See Source »

SENTENCED. FRANK QUATTRONE, 48, former investment banker to high-flying Silicon Valley companies during the Internet boom; to 18 months in prison; in New York City. He is appealing a May conviction for hindering a federal stock investigation involving Credit Suisse First Boston, but will be forced to begin serving prison time in late October while the appeal is pending...

Author: /time Magazine | Title: Milestones Sep. 20, 2004 | 9/20/2004 | See Source »

...after a four-hour quadruple-bypass operation during which doctors found his heart disease to be extensive, with some of his arteries over 90% blocked; in New York City. The former President was released from the hospital Friday. SENTENCED. FRANK QUATTRONE, 48, former investment banker to high-flying Silicon Valley companies during the Internet boom; to 18 months in prison; in New York City. He is appealing a May conviction for hindering a federal stock investigation involving Credit Suisse First Boston, but will be forced to begin serving prison time in late October while the appeal is pending. SENTENCED. SIMON...

Author: /time Magazine | Title: Milestones | 9/12/2004 | See Source »

...crude materials that constituted the early solar system developed into the discrete planets that exist today. For 27 months of its three-year mission, Genesis trolled through space beyond the orbit of the moon, gathering solar wind on five 4-in. hexagonal collector plates--each coated with silicon, gold, sapphire or diamond--and then stowing them back inside the body of the spacecraft. What's there could be a cosmic treasure: "A billion billion molecules for us to study," says Don Burnett, a geophysicist at the California Institute of Technology and project scientist for the Genesis mission. But first...

Author: /time Magazine | Title: Space: Here Comes the Sun | 9/6/2004 | See Source »

Though the market is small, estimated at below $50 million, social-networking companies are suddenly attracting attention from the ultimate Silicon Valley networkers, venture capitalists. VCs are throwing money at broad-based public networks such as LinkedIn, as well as at specialized, closed systems like Visible Path, used by companies to share employee contacts behind the corporate firewall. Spoke Software, which offers both kinds of networks, already has more than $20 million in funding. Ryze, a public network, and Interface Software, a closed system used mostly by law firms, are out of the VC loop but in the money--both...

Author: /time Magazine | Title: Software: What Are Friends For? | 9/6/2004 | See Source »

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