Silicon Valley

Auto Added by WPeMatico

Southern California needs to find its hub for it to develop its own tech ecosystem

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called  the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

Through interviews with 100 leaders of the technology ecosystem and an analysis of venture capital funding for the region, the organization has concluded (with the help of the Boston Consulting Group) that the promise of a regional rival to Northern California’s silicon valley won’t be fulfilled without the establishment of a geographic hub and a willingness to overcome regional differences.

Founded by Steve Poizner last year to accelerate the growth of a startup entrepreneurial ecosystem in Southern California, The Alliance is building a network of investors, entrepreneurs and universities to provide ballast in the south to the dominance of the Northern California tech industry.

The Alliance estimates that Southern California’s tech community could be one-third the size of Silicon Valley’s by supporting or further developing the six pillars it already has for innovation to occur.

The potential impact making these changes could have is an added 200,000 new jobs and growth of $100 billion for the whole economic region.

“Over the past several years we have observed a significant decrease in startups leaving SoCal,” said Greg Becker, CEO of Silicon Valley Bank . “We’ve also seen a substantial inflow of venture capital from all over the world.”

In fact, as is well-reported, the luster of Silicon Valley is fading. As BCG writes in its report:

The good news for SoCal and any region with tech ambitions is that the Bay Area has in some ways been too successful. Our research revealed a saturation level causing unprecedented challenges, starting with exorbitant housing prices and runaway operating costs that accelerate a startup’s “burn rate”—its monthly spending.

Los Angeles investor Mark Suster, a general partner with Upfront Ventures, has been beating the drum for Los Angeles as a new tech hub for a while — and billion dollar exits for Ring and Dollar Shave Club, in addition to the public offering for Snap, lend credence to his position.

Suster has also noted for years that the region produces more technology doctorates than any other geography in the United States. Caltech generates more patents than any other university while UCLA boasts more startups founded by its graduate than any other school in the nation. Meanwhile, UCSD in San Diego has a deep bench of biotechnology expertise stemming from its proximity to the Sanford Consortium for Regenerative Medicine, the Salk Institute, and the Scripps Research Institute.

However, to thrive, BCG recommends taking six steps to bolster the the ecosystem and its chances to begin to catch up to Silicon Valley.

The consulting firm says that Southern California needs more local venture capital; the individual geographies need to work to promote their regional strengths; regions need to collaborate more closely with each other; founders need to start gunning for that IPO slot instead of taking acquisition offers; the region’s commitment to diversity needs to be emphasized; and finally the embarrassment of entrepreneurial riches needs to be promoted abroad.

“Southern California is a region of extreme innovation; however, it is so spread-out, making it hard to navigate,” said Steve Poizner founder and board chair of the Alliance, in a statement. “We believe by finding, filtering and aggregating exciting startups from top universities, research institutes, and incubators/accelerators, we can demonstrate the combined strength of SoCal in a compelling way to top investors and thought leaders.”

Trailer for ‘Silicon Valley’ Season 5 drops, minus TJ Miller of course

TwitterFacebook

What’s life going to be like for the Silicon Valley gang, sans Erlich Bachman?

Following last season’s departure of TJ Miller, who plays Bachman, fans have likely wondered what Season 5 will look like — especially without that priceless tension between him and Jian Yang.

HBO dropped a trailer for the upcoming season on Tuesday, and well, it’d certainly appear the rivalries are staying the same. Pied Piper is still butting heads with Hooli, and its founder Richard Hendricks, played by Thomas Middleditch, is still trying to prove himself as a competent leader.

Same old, maybe, but we shall see. Season 5 of Silicon Valley debuts on Mar. 25. Read more…

More about Entertainment, Tv, Television, Hbo, and Silicon Valley

Crunch Report | MoviePass pulls out of 10 AMC theaters

Google experiments in local news, MoviePass pulls out of AMC theaters and the Kalanick-Benchmark lawsuit has officially been dismissed. All this on Crunch Report. Read More

Crunch Report | CNN shuts down Casey Neistat’s Beme

Robinhood is going to let you buy and sell crypto soon, CNN shuts down Casey Neistat’s Beme and Sotheby’s acquires Thread Genius. All this on Crunch Report. Read More

Crunch Report | GoPro Cuts 200-300 Jobs

App revenue reached $60 billion in 2017, Travis Kalanick is selling 29 percent of his Uber shares and GoPro cuts 200-300 jobs. All this on Crunch Report. Read More

Crunch Report | Telegram and Instagram Are Being Restricted in Iran

Amazon Prime shipped 5 billion Items in 2017, SuperMeat gets $3 million in funding and Telegram and Instagram are being restricted in Iran. All this on Crunch Report. Read More

Crunch Report | Apple Apologizes for Slowing Down iPhones

Apple apologizes for slowing down iPhones, humans spent $200 million on apps this Christmas and Google retires the Pixel C tablet. All this on Crunch Report. Read More

Crunch Report | South Korea Announces New Cryptocurrency Regulations

South Korea announces new cryptocurrency regulations coinciding with the drop in bitcoin prices, YouTube gets pulled from Fire TV and SoftBank will now own about 15 percent of Uber. All this on Crunch Report. Read More

HQ Trivia Is Coming to Android | Crunch Report

HQ Trivia is coming to Android, Amazon Echo is the No. 1 best seller on the site and the founder of LeEco is ordered to return to China. All this on Crunch Report. Read More

Crunch Report | Twitter tests a new tweetstorm feature and Tesla unveils a semi truck

 Today’s Stories Apple pushes back on the release of the Homepod Twitter tests a new tweetstorm feature Tesla unveils a new semi truck Walmart will pilot the new Tesla Semis Credits Written by: Sarah Buhr Hosted by: Sarah Buhr Filmed by: Chris Gates Edited by: John Murillo Notes: Tito continues his journey in the Outback this week so you’re with me til Friday. Let’s… Read More

Powered by WPeMatico

Crunch Report | Hey Dillon Francis, iPhone X Is Now Available For Pre-Order

Today we’re hanging out with EDM artist Dillon Francis, Apple opens for iPhone X pre-orders and releases a sleeve for MacBooks, Walmart starts using robots in stores and Russia condemns Twitter for banning two of its media companies from advertising on the platform. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | SoftBank Vision Fund Sequels

SoftBank is planning to create $100 billion Vision Fund sequels, Chariot is temporarily paused in San Francisco and Stitch Fix shows us what a good IPO looks like. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Steve Wozniak Launches Education Platform

Steve Wozniak launches a new education platform, “Woz U,” Fandango acquires MovieTickets.com and Baidu plans to make lots of autonomous cars in 2021. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | AOL Instant Messenger Is Shutting Down

AOL Instant Messenger is shutting down, some iPhone 8s are having battery problems and a smart bandage that releases meds on demand. All this on Crunch Report! Read More

Powered by WPeMatico

Crunch Report | Patreon is raising a Series C at $450M

Patreon is raising at a $450 millon valuation, Chrome mutes autoplaying videos and Hulu is spending $2.5 billion for original content. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | China’s Central Bank Puts a Ban on ICOs

China’s central bank puts a ban on ICOs, the next generation of the Lily drone is here, WhatsApp for Business is launching and Alphabet creates a new holding company to complete 2015 corporate reorganization. All this on Crunch Report! Read More

Powered by WPeMatico

Crunch Report | Benchmark vs Kalanick Goes Sour

Reddit is rolling out its own video platform, VR adtech company Immersv raises $10.5 million and Benchmark versus Kalanick goes sour. All this on Crunch Report Read More

Powered by WPeMatico

Crunch Report | David Letterman Is Coming to Netflix

David Letterman is coming to Netflix, Didi Chuxing backs Careem in the Middle East, Crusie is running an autonomous ride-hailing service and Andrew Ng launches Deeplearning.ai. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | SpaceX Falcon Heavy launch Planned for November

Falcon Heavy launch is set for November, i.am+ acquires Wink and Stitch Fix has confidentially filed for an IPO. All this on Cruch Report. Read More

Powered by WPeMatico

'Silicon Valley' said goodbye to Erlich in the most Erlich way possible

TwitterFacebook

This post contains spoilers for Silicon Valley Season 4, episode 10, titled “Server Error.”

Much like everything Erlich Bachman has ever attempted, T.J. Miller’s Silicon Valley exit was kind of ridiculous.

In the Season 4 finale, after venturing to Tibet to catch up with former Hooli CEO Gavin Belson for a fresh start, Erlich wasted no time going back to his old habits — literally — and getting cozy with an opium pipe. 

As Gavin left to rescue Jack Barker from a hostage situation in a Chinese factory to try and curry the favor of the Hooli board, he encouraged Erlich to come with him, but the curly-haired miscreant was too high to pay any attention to him. Instead of dragging him along while stoned, Gavin paid the owner of the drug den enough cash to allow Erlich to stay there for five years, and left him giggling up at the ceiling in a fugue state. Read more…

More about Silicon Valley, Mike Judge, T.J. Miller, Erlich Bachman, and Entertainment

Powered by WPeMatico

Crunch Report | Amazon Bids to Buy Whole Foods for $13.7 Billion

Amazon bids to buy Whole Foods for $13.7 billion, Walmart buys Bonobos for $310 million, Mobike, a ride-sharing company in China, raises $600 million. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | The World Is Melting

Waymo is exploring self-driving trucks, Bumble’s meetup space, the Hive and reaction from VCs after pulling out of the Paris climate agreement. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Sprig Is Shutting Down

Sprig is shutting down, Sergey Brin is building a giant airship, Nielsen’s latest data show a ton of people still watch content on TV and bitcoin experiences an outage from all the bitcoin ups and downs. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Rumors: Amazon’s New Echo Device

The U.S. Department of Justice has opened an investigation into Uber’s use of Greyballing, we get the first look at the rumored Amazon Echo device and Facebook shuts down its VR filmmaking division. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Elon Musk’s Tunnel Vision Gets Rendered

Elon Musk shows off a video about his tunnel boring company, The Boring Company, a self-driving Apple test vehicle is spotted in the wild and Cloudera and Carvana each price their IPO at $15; one does well, the other not so much. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | ‘Star Wars: The Last Jedi’ Trailer…Woooah

The Last Jedi Star Wars trailer is released, Facebook runs ads in French newspapers educating people on fake news and Apple gets permission from the DMV to start testing self-driving cars. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | YouTube now blocking ads on low-view channels

YouTube is now blocking ads on channels with less than 10,000 views, Amazon pulls Diapers.com and other Quidsi apps and Spotify’s invisible IPO. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | SpaceX Successfully Re-launches a Rocket

Oculus co-founder Palmer Luckey leaves Facebook, SpaceX successfully re-launches a rocket, Cloudera files for IPO and Snapchat now allows you to search Stories. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | New Samsung Galaxy S8 & S8+ Phones

Samsung releases its new phones the S8 and S8+, pet-sitting companies Rover and DogVacay merge, Lyft launches Lyft Shuttle, a new feature that works like a bus route, and five reasons why BuzzFeed is going public. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Tesla’s Long List of Updated Updates

Tesla’s long list of updated updates, Instacart agrees to settle class-action lawsuit and SB Drive pulls in $4.6 million. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Walmart Acquires Modcloth

Apple investing $500 Million into R&D Centers in China, Walmart acquires Modcloth, and John Mannes reports to us about his trip at South by Southwest. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Oculus CTO Is Suing ZeniMax

Bolt Threads creates a tie made from spiderwebs, Oculus’ CTO is suing ZeniMax for money never paid to him and Google has a new startup competition. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report| Airbnb Raises $1 Billion

Google’s Jamboard will cost $5,000 plus an annual management fee, Airbnb closes Series F to go over $1 billion, Google goes after Slack and Mark Zuckerberg and Priscilla Chan are expecting their second baby. All this on Crunch Report. Read More

Powered by WPeMatico

12 unstoppable women who are making tech a better place for everyone

TwitterFacebook

On this International Women’s Day, women are striking to make clear their value in the workplace, at home and beyond. That includes the tech world. 

According to the Department of Labor, only 26 percent of people employed in computer and mathematics jobs are women. And a big chunk of that 26 percent comes from outside Silicon Valley. 

Despite the challenges facing any engineer who doesn’t fit in with the testosterone-fueled culture of Silicon Valley, many women have made their mark in the field — and fought to make it better. 

On International Women’s Day, it’s worth celebrating a few of the tech world’s badass women.  Read more…

More about Womens Strike, International Women S Day, Silicon Valley, Startups, and Women In Business

Powered by WPeMatico

Crunch Report | NBCUniversal Invests $500 Million in Snap

NBCUniversal invests $500 million in Snap, Jeff Bezos has plans for a Moon expedition, Uber plans to turn its app into a content marketplace and more Uber troubles. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | YouTube TV Is Live

An in-depth review of the highly anticipated Nintendo Switch, YouTube launches YouTube TV, Uber’s CEO apologizes for being mean to a driver and Craig Newmark donates $1 million to ProPublica. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | 1 Billion Hours of YouTube A Day

AWS outage is affecting a lot of websites, like Quora and Giphy, humans are watching about 1 billion hours a day of YouTube, Hyperloop could be coming to India and Lux Capital closes a $400 million fund. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Tesla and Rollercoasters

Waymo is suing Otto and Uber for allegedly stealing its trade secrets, Layer gets more funding and acquires Cola, a major Cloudflare bug leaked sensitive data from customers’ websites and Elon Musk addresses unionization concerns at Tesla. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | DeviantArt Acquired by Wix

DevianArt gets acquired by Wix, AirMap raises $26 million, Airbnb buys Tilt, Google releases perspective for comment toxicity rating and more. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Apple’s New Campus Will Open in April

Apple’s new campus will open in April, never-ending turnover at Twitter, Instagram adds a carousel feature and Snapdeal to lay off 500-600 people. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Samsung Vice Chairman Arrested

Samsung’s vice chairman is arrested on bribery charges, Beepi closes down and sells off its operations and reports show that Theranos might be winding down. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Elon Musk’s Tunnel Project

Apple’s WWDC moves to San Jose, an update on Elon Musk’s tunnel project, Google makes an update that plays piano duets and Google Home steps on Alexa’s turf. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | Judge Rules CRISPR-Cas9 Belongs to Broad Institute

Verizon is reportedly getting a $250 million discount on its Yahoo deal, judge rules CRISPR-Cas9 belongs to the Broad Institute and not UC Berkeley, Pixar teaches the art of storytelling on Khan Academy and MakerBot cuts 30% of its workforce. All this on Crunch Report. Read More

Powered by WPeMatico

Crunch Report | HBO NOW Passes 2 Million Subscribers

HBO NOW passes 2 million subscribers, Trident Capital Cybersecurity raises a $300 million fund, Pinterest adds new visual search features and Y Combinator now takes recommendations from anyone. All this on Crunch Report! Read More

Powered by WPeMatico

Silicon Valley is struggling to work together against Trump's havoc

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f376951%2f85cf0f1b-5ac9-439e-9ed0-832d50be4049

Feed-twFeed-fb

On a daily basis, Stewart Butterfield roasts Donald Trump on Twitter.

The Slack CEO is among the most outspoken leaders in the tech community when it comes to the new president, which made it all the more surprising to see his company missing from the list of 97 tech giants that signed onto an amicus brief opposing the recent Muslim travel ban—arguably the most unified, aggressive action ever taken by the industry on a political issue.

Turns out, Slack wasn’t a holdout. They just got left off an email. 

“Slack heard about this when it appeared in the media and of course we support it,” a Slack spokesperson explained over email Monday morning. “It’s our understanding that a supplemental one is being filed and Slack will be on that list.” Read more…

More about Politics, Tech, Business, Silicon Valley, and Immigration Ban

Powered by WPeMatico