A rebirth in Silicon Valley

A rebirth in Silicon Valley

There are 5 comments on the Chicago Tribune story from Apr 20, 2009, titled A rebirth in Silicon Valley. In it, Chicago Tribune reports that:

In the same loft space above Amici's pizza parlor where YouTube in just months rocketed from start-up to $1.6 billion buyout, a new Silicon Valley venture is making its own bid for Internet glory.

Join the discussion below, or Read more at Chicago Tribune.

rj chicago

Springfield, IL

#1 Apr 21, 2009
David:
Read an article in the WSJ from a week ago Friday on how Geithner and his Treasury minions want to begin to regulate the venture cap market - the very market that funds these sorts of Silicon Valley start ups.
Dave

Champaign, IL

#2 Apr 22, 2009
This type of column reminds me of the hype of 1999.

A new web application that allows people to post information to the Internet??? Yeah, we call that a web page. 15 years too late.

And applications for a cell phone??? We call that a Netbook.

What a mess of an economy that strives to produce nothing.
Hollister

United States

#3 Apr 22, 2009
Silicon Valley, the nick name for the area around San Jose, CA, is NOT as immune from the economy as this article might indicate. After the 1999 collapse of the "Dot Bombs," Silicon Valley lost 192,000 high paying jobs. Office parks suddenly were empty and the infamous rush three-hour traffic jams disappeared. They never have fully returned and some of the most prominent firms still are laying off people. One company does not make a boom. The fact of today is that housing prices in Silicon Valley continue to drop (sure, they were artificially high), unemployment in the valley is 11 percent, well above the nation as a whole, and some cities have declared or are considering bankruptcy because of high pension costs and declining tax rolls. California, with its high taxes and restrictions on everything environmental, has driven hundreds of thousands of highly productive people to neighboring and more friendly Nevada. Proving once again that all that glitters is not gold...especially CA gold.

Alz

Since: Oct 08

Chicago

#4 Apr 22, 2009
You talk about "success", but what the Democrats are doing is transforming the economy to Socialism.

Unless I'm somehow wrong, I don't thing Venture Capital is compatible with Socialism.

In any event, Obama is raising the tax rates on these people so Obama really must want less VC success.

“Therefore, CHOOSE ...”

Since: Nov 07

Location hidden

#5 Apr 24, 2009
Alz wrote:
You talk about "success", but what the
Unless I'm somehow wrong, I don't thing Venture Capital is compatible with Socialism.
.
Correct. VC is replaced with bail out.

The exec to drive the largest corp into the ground and lose the most money is the winner.

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