Word: siliconing
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...troops are silent. Stunned. Amazon, profitable? It's autumn 1999. For years these people have been racing toward a horizon that no one, save perhaps their utopian-futurist boss, even really sees. They know much of the Silicon Valley/Wall Street/media complex believes the commodification of online retailing will lay their company to waste. Amazon the Web's golden child, darling of NASDAQ day traders who raise its market cap even faster than the company bleeds money, is also Amazon the avatar of all that may be ephemeral and fraudulent about the dotcom revolution. Now Bezos has named a date...
Always the outsider, Son didn't have much of a Silicon Valley Rolodex in 1995, when he returned to the States. But he did have nearly a billion dollars to spend, money practically handed to him by Japanese bankers desperate to breathe life into their country's sagging economy. Son lured a couple of Silicon Valley veterans to run Softbank Technology Ventures, the San Jose partnership that has become the heart of his Internet empire. And so the shopping spree began, as Softbank scooped up the trade-show group that organizes Comdex, the computer industry's biggest convention, and Kingston...
Since then, it is as if Son & Co. trained a fire hose on Silicon Valley and pumped in a steady stream of cash. President Gary Rieschel figures that in 1996, with Softbank Technology Ventures still an unknown in the valley, it invested $200 million in 55 companies in four months-- although "investing" hardly describes the act of writing checks as fast as you can. Last month Softbank opened Hotbank, an incubator for start-ups. There has been no need to advertise. Each week hundreds of applications pour into Hotbank; out come announcements of new Softbank allies: PeoplePC, Webvan, Global Sports...
...four main routes: An analyst can stay in investment banking and seek a promotion, go to a venture capital firm, to private industry, or to business school. Industry is the most popular choice, especially with 25-year-old Internet millionaires cropping up everywhere--some analysts even leave early for Silicon Valley. And more and more graduates are skipping finance altogether to found their own Internet companies; some college students try to found start-ups while taking semesters...
...Yale, I am displeased with The Crimson's unprofessional attitude towards New Haven. The city is home to 450,000 hard-working and well-educated residents, and, according to the Wall Street Journal, harbors the nation's second highest concentration of high-tech jobs in the nation after Silicon Valley. New Haven has more theaters than Boston, is within easy access of New York City, and has a contiguity of restaurants, nightspots, theaters and other shops surrounding the Yale campus. Frankly, downtown New Haven makes Cambridge look like a sterile, uninviting area--perhaps a reflection of the Harvard administration...