Silicon Valley Is America’s Wealth Engine, Not Its Job Engine

The New York Times’s Catherine Rampell might have been one of the first to notice that Silicon Valley’s magic isn’t creating an enormous number of jobs. Today’s front-page article cites Redfin’s endless demand for the world’s best engineers, but mostly it focuses on unemployed folks in markets like Corvallis, Oregon, the home of the Beaver and,… Read More

In Defense of Sarbanes-Oxley

In the story of the rapidly vanishing high-technology IPO, the Sarbanes-Oxley law bringing independence and accountability to financial disclosures has become the chief villain. Bill Gurley and Fred Wilson were some of the first, in the summer 2008, to complain of Sarbanes-Oxley. But their timing was poor: due to barely understood and hardly disclosed financial risks,… Read More

How I Look at Resumes

“Life,” William James once said, “is in the transitions.” He wasn’t talking about weddings and graduations, but the lonely moments before, when a decision still hangs in the balance, and irrelevant details are so vivid that they’ll stick in your mind for years to come: the melted-plastic smell of a U-Haul cab; the iron sound… Read More