Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by DealBook ByAndrew Ross Sorkin Sept. 3, 2018 Alex Karp grew up in a liberal household and considers himself a progressive. He voted for Hillary Clinton, and he lives and works in Silicon Valley. Yet Mr. Karp, the chief executive of Palantir, has found himself increasingly at odds with his peers in the technology industry as it publicly distances itself from the government, particularly the Department of Defense, under President Trump. Mr. Karp readily admits he would prefer that Mr. Trump didn’t occupy the Oval Office. But he believes that Silicon Valley — already facing something of a crisis of user confidence over issues including privacy and foreign influence — is setting itself up for a fall. “It’s going to be a very significant problem for the … [Read more...] about Silicon Valley Doesn’t Like Trump. It Can Still Work With the Government.
James Titcomb Follow 2 September 2018 • 7:05pm Perhaps the most surprising thing about Donald Trump’s attack on the kings of Silicon Valley last week was that it took so long to come. When Trump was elected almost two years ago, the tech elite feared a reckoning. Many of the internet billionaires had backed Hillary Clinton, both vocally and financially. Peter Thiel, the venture capitalist who sits on Facebook’s board, was vilified for supporting Trump. Since then, the tech world has done little to cover itself in glory. A parade of scandals, from Facebook’s Cambridge Analytica crisis to Uber’s innumerable missteps, and an industry-wide inability to police their services have made tech’s biggest names easy targets for criticism. And yet even... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only … [Read more...] about Don’t pretend Trump has been anything but great for Silicon Valley
By Jason Green | [email protected] and The Associated Press | Bay Area News Group PUBLISHED: August 31, 2018 at 7:25 pm | UPDATED: September 1, 2018 at 5:44 am SAN FRANCISCO — A Silicon Valley tech mogul who made $300 million at age 25 is headed to jail after an appeals court upheld a judge’s decision to revoke his probation for a domestic violence conviction. Gurbaksh Chahal was remanded into custody Friday to begin serving his one-year term. Chahal pleaded guilty in April 2014 to misdemeanor domestic violence charges after prosecutors said surveillance footage from his San Francisco penthouse showed him punching and kicking his girlfriend more than 100 times and trying to smother her with a pillow. Prosecutors said Chahal violated his probation by attacking a second girlfriend, and San Francisco Superior Court Judge Tracie Brown ruled in their favor in 2016. She sentenced Chahal to a year in jail, but he did not immediately begin serving the term because … [Read more...] about Silicon Valley tech mogul heading to jail after losing appeal
Venture capital firm Social Capital seems to be unravelling following a tumultuous first half of 2018. Seven partners, including one of the firm’s cofounders, left the firm founded by early Facebook executive Chamath Palihapitiya. The latest defectors are VC partner Mike Ghaffary and vice president of marketing Ashley Mayer. Social Capital, one of the most closely-watched venture firms in Silicon Valley, has vaporized the “team” page from its website, following a tumultuous first half of 2018. The tech investing firm seems to be unravelling amid a wave of departures. The latest defectors are investment partner Mike Ghaffary and Ashley Mayer, social media darling and Social Capital’s vice president of marketing. “It’s never a good sign when a VC firm deletes the ‘team’ page from its website,” Axio’s business editor Dan Primack first reported on Friday. “But that’s what recently happened at Social Capital, … [Read more...] about One of the hottest VC firms in Silicon Valley has removed the team page from its website after bleeding 7 partners over the summer
Last April, Steve Lucas walked into Marketo’s new temporary space in the Denver City Center and saw the head of human resources sitting at a desk next to the company’s only other Denver employee. “They were at two desks and that was it, just staring at each other,” said Lucas, who became CEO of the San Mateo, Calif.-based marketing technology company in November 2016. “I just went ‘OK, … we can do this.’ We were hoping to get up to 150 employees by the end of the year.” Fast forward only nine months, and Marketo is now on two floors, which its nearly 200 employees moved into over the past two months. The company is adding engineers in Denver. And by the end of next year, it plans to expand to another two floors and more than double its staff to 500 people, making it the same size as its Silicon Valley headquarters. Lucas — a University of Colorado graduate and longtime Colorado resident who is entrenched in the local … [Read more...] about Silicon Valley’s Marketo plants office in Denver to help develop marketing messages people want to hear