Word: valleys
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...NASDAQ index to record highs, VCs could take scores of seedling companies public before they had time to fail, and walk away with triple-digit gains. The recent market downturn doesn't seem to faze Newman. "We're taking a long-term view," he says, like a Silicon Valley...
...jumping on the VC bandwagon. In the past several months, corporate heavyweights IBM, News Corp., Time Warner (parent of TIME) and Arthur Andersen, to name a few, have launched their own funds. Even the CIA has set up a venture arm, In-Q-Tel. And later this year, Silicon Valley start-up MeVC, along with VC Draper Fisher Jurvetson, will roll out a publicly traded venture fund that lets individuals with a net worth of at least $150,000 plunk down a minimum of $5,000 to play...
...Internet Engineering Task Force to work out how standards would someday be aligned. Skeptics wonder if it's all hat and no cattle. "It's definitely in AOL's interest to present themselves to trustbusters as a company that will use its dominant position responsibly," says TIME Silicon Valley correspondent Chris Taylor. "Spiritually, the Internet is about open standards, and AOL has the opportunity here to at least pay lip service to that...
...Sync and is widely expected to be next frontier of all things e-. AOL owns 90 percent of the 150-million-strong IM market and, more important, has continually thwarted attempts by Microsoft and other small IM players to tap into its system and reach its users. TIME Silicon Valley correspondent Chris Taylor says that's just the kind of piggish, anti-spirit-of-the-Net behavior that the feds would hate to see from an AOL-Time Warner combination...
According to a raft of recent studies, Americans are working more and enjoying it less. Between 1995 and 1999, the number of people calling in sick because of stress more than tripled. "I've got a lot of clients coming to me from Silicon Valley," says Pam Ammondson, 45, who runs Clarity Quest, a Santa Rosa, Calif., workshop to counsel jangled burnout victims. "It's a dream to make a million dollars overnight. But these people are not happy, their relationships are miserable, and they're taking a step back to ask what it's all about...