According to Edward Aten, founder of Swift.fm, Facebook is recreating and competing with nearly every significant Internet product of the last few years. It’s an unprecedented pivot that threatens Facebook’s core products and may eventually benefit the very same startups Facebook is trying to crush. Read More »
Tech
Sarah Lacy, a book author and a veteran journalist (and most recently with TechCrunch) is launching PandoDaily, a daily technology news blog focused on startups and the startup ecosystem. The company is being funded by a $2.5 million investment from Silicon Valley elite. Read More »
Peter Thiel, the tech industry magnate known for co-founding PayPal and being an early investor in Facebook, is launching a new program called Breakout Labs aimed at funding cutting edge technology research ideas. It’s a big effort, but Thiel himself is known for bold ideas. Read More »
Despite a lot of talk about a Facebook initial public offering, early investor and director Peter Thiel says don’t count on it until 2012. Thiel, who was extremely critical of the regulatory environment when speaking to Fox Business about what comes next for technology. Read More »
Did PayPal discover some sort of magic recipe that allowed so many of its former executives and other staff to create startups like YouTube, Slide, Yelp and the newly public Tesla Motors? PayPal staffers say it was smart management, but some PayPal cash probably helped, too. Read More »
