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Tuesday, 19 February 2008

The 2008 Index of Silicon Valley ...

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The 2008 Index of Silicon Valley ...

Silicon Valley experienced a sixth consecutive year of productivity gains in 2007 that surpassed previous highs from the dot com boom, but the growth spurt is offset by economic instability, according to the 2008 Silicon Valley Index released today by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation.                

While the region reported significant growth in population, jobs, median income and investment capital in 2007, economic turbulence is bringing pressure to Silicon Valley workers and their families, particularly mid-wage earners, as they move between jobs and work for smaller firms that offer fewer benefits.

“The rapid change imposed by innovation, venture capital investment and globalization among our leading companies keeps Silicon Valley in the world spotlight,” said Russell Hancock, president and CEO of Joint Venture. “But the volatility of our financial markets, the sub-prime mortgage crisis and fears of impending recession dims the glow for our workforce.”

The Silicon Valley Index, published annually by Joint Venture since 1995, measures the strength of the region’s economy and the health of the community. This year’s index was produced for the first time in partnership with Silicon Valley Community Foundation and coincides with Joint Venture’s annual “State of the Valley” conference, sponsored by the community foundation, to be held on February 22 at the San Jose McEnery Convention Center. Keynote speakers this year include FDIC chair Sheila Bair and former U.S. Labor Secretary Robert Reich.

“The Index reflects good news for some in Silicon Valley, rough patches for others and heart wrenching choices for many,” said Emmett D. Carson, Ph.D., CEO and President of the community foundation.  “The research is a wake-up call to our community that we must work across sectors to address the intertwined challenges facing our region, especially for families with the fewest resources.”

The Index reports its findings in five major sections: People (talent flows, diversity); Economy (innovation, employment, income); Society (preparing for economic success, early education, arts and culture, health, safety); Place (environment, land use, housing, commercial space); and Governance (civic engagement, revenue).

Highlights among  the sections in this year’s 64-page Index were:

People: Silicon Valley’s population grew 1.5 percent in 2007, with a net increase over 2006 of 38,000 people – the third consecutive year of increasing population growth rates. Together, 35 percent of San Mateo County and Santa Clara County residents are foreign-born and almost half the population in those counties – 48 percent – speaks a language other than English at home.

Economy: Silicon Valley gained 28,000 jobs, a faster growth rate than California or U.S. overall. Venture capital investment was up nearly 11 percent, with the valley receiving 62 percent of the clean tech VC dollars in the state.

Society: Disparities in health and education continue by race and ethnic groups. High school graduation rates dropped and juvenile offenses increased slightly. Child immunizations rates are not improving. Arts organizations in the region are growing in number with decreasing funding.

Place: Water consumption dropped 6 percent, solar and wind systems installations were up 21 percent, transit ridership was up 3.4 percent and Silicon Valley is home to 11 percent of all hybrid vehicles registered in California. The share of new housing approved near transit rose to 55 percent. Foreclosure rates jumped four times over 2006, rents are up 7 percent.

Governance: Nonprofits continue to grow and voters are increasingly independent, with 23 percent of the valley’s registered voters having no party affiliation. City revenues rose 37 percent mainly due to property taxes. Although the region accounts for roughly 7 percent of the state’s population, Silicon Valley residents contributed 15 percent of state revenues from personal income tax.

Download the 2007 Silicon Valley Index (PDF 6.8 MB)

Thursday, 01 February 2007

The 2007 Index of Silicon Valley

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Download the 2007 Silicon Valley Index (PDF 2.6MB)

"... Joint Venture's Silicon Valley Index is a nationally recognized publication that has been telling the Silicon Valley story since 1995. Released every January, the indicators measure the strength of our economy and the health of our community—highlighting challenges and providing an analytical foundation for leadership and decision making. ..."

Tuesday, 07 March 2006

The 2006 Index of Silicon Valley

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2006indexcover
Download the 2006 Silicon Valley Index (PDF 3.9MB)

"... Joint Venture's Silicon Valley Index is a nationally recognized publication that has been telling the Silicon Valley story since 1995. Released every January, the indicators measure the strength of our economy and the health of our community—highlighting challenges and providing an analytical foundation for leadership and decision making. ..."

Tuesday, 21 June 2005

Steve Jobs Commencement Speech: "Stay Hungry, Stay Foolish"

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"Stay Hungry, Stay Foolish"

Listen to the audio ...

Transcript of Steve Jobs' 2005 Stanford Commencement Speech:

Thank you. I'm honored to be with you today for your commencement from one of the finest universities in the world. Truth be told, I never graduated from college and this is the closest I've ever gotten to a college graduation.

Today I want to tell you three stories from my life. That's it. No big deal. Just three stories. The first story is about connecting the dots.

I dropped out of Reed College after the first six months but then stayed around as a drop-in for another eighteen months or so before I really quit. So why did I drop out? It started before I was born. My biological mother was a young, unwed graduate student, and she decided to put me up for adoption. She felt very strongly that I should be adopted by college graduates, so everything was all set for me to be adopted at birth by a lawyer and his wife, except that when I popped out, they decided at the last minute that they really wanted a girl. So my parents, who were on a waiting list, got a call in the middle of the night asking, "We've got an unexpected baby boy. Do you want him?" They said, "Of course." My biological mother found out later that my mother had never graduated from college and that my father had never graduated from high school. She refused to sign the final adoption papers. She only relented a few months later when my parents promised that I would go to college.

This was the start in my life. And seventeen years later, I did go to college, but I naïvely chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life, and no idea of how college was going to help me figure it out, and here I was, spending all the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back, it was one of the best decisions I ever made. The minute I dropped out, I could stop taking the required classes that didn't interest me and begin dropping in on the ones that looked far more interesting.

It wasn't all romantic. I didn't have a dorm room, so I slept on the floor in friends' rooms. I returned Coke bottles for the five-cent deposits to buy food with, and I would walk the seven miles across town every Sunday night to get one good meal a week at the Hare Krishna temple. I loved it. And much of what I stumbled into by following my curiosity and intuition turned out to be priceless later on. Let me give you one example.

Reed College at that time offered perhaps the best calligraphy instruction in the country. Throughout the campus every poster, every label on every drawer was beautifully hand-calligraphed. Because I had dropped out and didn't have to take the normal classes, I decided to take a calligraphy class to learn how to do this. I learned about serif and sans-serif typefaces, about varying the amount of space between different letter combinations, about what makes great typography great. It was beautiful, historical, artistically subtle in a way that science can't capture, and I found it fascinating.

None of this had even a hope of any practical application in my life. But ten years later when we were designing the first Macintosh computer, it all came back to me, and we designed it all into the Mac. It was the first computer with beautiful typography. If I had never dropped in on that single course in college, the Mac would have never had multiple typefaces or proportionally spaced fonts, and since Windows just copied the Mac, it's likely that no personal computer would have them.

If I had never dropped out, I would have never dropped in on that calligraphy class and personals computers might not have the wonderful typography that they do.

Of course it was impossible to connect the dots looking forward when I was in college, but it was very, very clear looking backwards 10 years later. Again, you can't connect the dots looking forward. You can only connect them looking backwards, so you have to trust that the dots will somehow connect in your future. You have to trust in something--your gut, destiny, life, karma, whatever--because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well- worn path, and that will make all the difference.

My second story is about love and loss. I was lucky. I found what I loved to do early in life. Woz and I started Apple in my parents' garage when I was twenty. We worked hard and in ten years, Apple had grown from just the two of us in a garage into a $2 billion company with over 4,000 employees. We'd just released our finest creation, the Macintosh, a year earlier, and I'd just turned thirty, and then I got fired. How can you get fired from a company you started? Well, as Apple grew, we hired someone who I thought was very talented to run the company with me, and for the first year or so, things went well. But then our visions of the future began to diverge, and eventually we had a falling out. When we did, our board of directors sided with him, and so at thirty, I was out, and very publicly out. What had been the focus of my entire adult life was gone, and it was devastating. I really didn't know what to do for a few months. I felt that I had let the previous generation of entrepreneurs down, that I had dropped the baton as it was being passed to me. I met with David Packard and Bob Noyce and tried to apologize for screwing up so badly. I was a very public failure and I even thought about running away from the Valley. But something slowly began to dawn on me. I still loved what I did. The turn of events at Apple had not changed that one bit. I'd been rejected but I was still in love. And so I decided to start over.

I didn't see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened to me. The heaviness of being successful was replaced by the lightness of being a beginner again, less sure about everything. It freed me to enter one of the most creative periods in my life. During the next five years I started a company named NeXT, another company named Pixar and fell in love with an amazing woman who would become my wife. Pixar went on to create the world's first computer-animated feature film, "Toy Story," and is now the most successful animation studio in the world.

In a remarkable turn of events, Apple bought NeXT and I returned to Apple and the technology we developed at NeXT is at the heart of Apple's current renaissance, and Lorene and I have a wonderful family together.

I'm pretty sure none of this would have happened if I hadn't been fired from Apple. It was awful-tasting medicine but I guess the patient needed it. Sometimes life's going to hit you in the head with a brick. Don't lose faith. I'm convinced that the only thing that kept me going was that I loved what I did. You've got to find what you love, and that is as true for work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work, and the only way to do great work is to love what you do. If you haven't found it yet, keep looking, and don't settle. As with all matters of the heart, you'll know when you find it, and like any great relationship it just gets better and better as the years roll on. So keep looking. Don't settle.

My third story is about death. When I was 17 I read a quote that went something like "If you live each day as if it was your last, someday you'll most certainly be right." It made an impression on me, and since then, for the past 33 years, I have looked in the mirror every morning and asked myself, "If today were the last day of my life, would I want to do what I am about to do today?" And whenever the answer has been "no" for too many days in a row, I know I need to change something. Remembering that I'll be dead soon is the most important thing I've ever encountered to help me make the big choices in life, because almost everything--all external expectations, all pride, all fear of embarrassment or failure--these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

About a year ago, I was diagnosed with cancer. I had a scan at 7:30 in the morning and it clearly showed a tumor on my pancreas. I didn't even know what a pancreas was. The doctors told me this was almost certainly a type of cancer that is incurable, and that I should expect to live no longer than three to six months. My doctor advised me to go home and get my affairs in order, which is doctors' code for "prepare to die." It means to try and tell your kids everything you thought you'd have the next ten years to tell them, in just a few months. It means to make sure that everything is buttoned up so that it will be as easy as possible for your family. It means to say your goodbyes.

I lived with that diagnosis all day. Later that evening I had a biopsy where they stuck an endoscope down my throat, through my stomach into my intestines, put a needle into my pancreas and got a few cells from the tumor. I was sedated but my wife, who was there, told me that when they viewed the cells under a microscope, the doctor started crying, because it turned out to be a very rare form of pancreatic cancer that is curable with surgery. I had the surgery and, thankfully, I am fine now.

This was the closest I've been to facing death, and I hope it's the closest I get for a few more decades. Having lived through it, I can now say this to you with a bit more certainty than when death was a useful but purely intellectual concept. No one wants to die, even people who want to go to Heaven don't want to die to get there, and yet, death is the destination we all share. No one has ever escaped it. And that is as it should be, because death is very likely the single best invention of life. It's life's change agent; it clears out the old to make way for the new. right now, the new is you. But someday, not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it's quite true. Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma, which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice, heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

When I was young, there was an amazing publication called The Whole Earth Catalogue, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late Sixties, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and Polaroid cameras. it was sort of like Google in paperback form thirty-five years before Google came along. I was idealistic, overflowing with neat tools and great notions. Stewart and his team put out several issues of the The Whole Earth Catalogue, and then when it had run its course, they put out a final issue. It was the mid-Seventies and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath were the words, "Stay hungry, stay foolish." It was their farewell message as they signed off. "Stay hungry, stay foolish." And I have always wished that for myself, and now, as you graduate to begin anew, I wish that for you. Stay hungry, stay foolish.

Thank you all, very much.

Tuesday, 10 May 2005

The 2005 Index of Silicon Valley

Our Population Has Become Much More Diverse, International And Educated ...

"... The rapid job growth of the 1990's was reversed with major job losses after 2000. The quantity of jobs has now returned to 1996 levels. However, regional productivity has continued to rise and average cluster pay and regional per capita income, the broadest measures of prosperity, are rising again. ..."

"... The economic structure of the region is shifting, as our established industry clusters such as software and semiconductors transform and new clusters such as biomedical emerge. In addition to needing high-paying innovation jobs, the region needs well-prepared people for critical mid-level occupations, including technicians and sales support and "community infrastructure" jobs, such as those in health care and education. ..."

" ... The pattern of new development has shifted toward much more compact, transit-oriented housing and commercial uses, coupled with greater open-space preservation. ..."

The Complete 2005 Index of Silicon Valley is HERE.

Sunday, 27 February 2005

Breakfast with craigslist founder Craig Newmark

Craig Just Another Yuppie Drug Deal?
We're in Palo Alto, it's 7:30 am and overcast with low costal fog and a multitude of other early morning atmospherics.  I'm wearing my best sandals and enjoying a Kool Filter King in the open air with some measure of hypnagogic hangover bliss.  I adjust my reflector wraparounds, and we silently continue to search for the hotel room.  No, this isn't a yuppie drug deal, this is the Churchill Club's Breakfast with Craig Newmark, the 'craig' of craiglist.org, that 10 year old overnight internet success story ... 

... But it's Early.  Damn Early ...

... More black coffee, STAT!  A tiny question incessantly chirps in the recesses of my semi-conscious morning mind ... "Does menthol qualify as a food group?" Then another tiny question percolates to the surface ... "What if the caffeine has no significant effect?"  Fear and Loathing in Palo Alto?  Hey, nobody said this was going to be 'pretty' ... but at least we can maintain our professionalism(?)  Well, ok, maybe not ...
Hyattrickeys_2

3 Questions for Craig Newmark
Mark Calvey from the San Francisco Business Times moderated the event and voiced questions that were quite similar to our prior submissions, so let's just use those for starters since they're handy:

Question 1: Regarding the eBay 2004 transaction, reportedly for a 25% stake in craigslist, what went right and what went wrong?  How has craigslist's mission been affected, if at all?

Answer: Turns out that ebay bought the 25% stake through a former craigslist employee.  What went right was that ebay was considerate enough to consult with Craig before purchasing the shares.  Not sure anything actually went wrong, but hey, it's still early ain't it?  Craig recursively states that the biggest effect of the ebay purchase on craigslist has been that he must repeatedly answer questions on what the biggest effect of the ebay purchase on craigslist has been.  Yeah, this guy was an IBM Java programmer alright ...

Question 2: With craigslist coverage in 45 cities, 1 billion page views per month & 5 million unique visitors (2004), please describe plans for the next phase of growth.  How will eBay be involved?

Answer: craigslist grows city by city, based on community requests and critical mass.  What a remarkably sensible way to manage growth!  Perhaps common sense is a 'disruptive technology' ... It seems like ebay would like to learn more about the dynamics of informal online "flea markets" (craig's own term) like craigslist where more spontaneous social networking just happens.  ebay is also a very sensible company.

Question 3: What types of revenue does craigslist generate (adverts/promotions, listing fees, search fees, etc.) and what are the revenue growth projections/timeframes for these categories? Or, put more tersely, "How do you make money?"

Answer: The craiglist model is simple, instead of using MBA-fabricated business models, they just ask the craigslist community "what is moral to charge for?" and then take heed of the responses.  By using this technique, it seems that craiglist generates tens of millions USD in revenues from job listing fees and real estate broker fees, in multiple U.S. cities.  Difficult to verify this data unless you have access to craigsbooks, but it's hard for any service to stay online for a decade without SOME sort of revenue generating business model instead of just another nasty-ass sock puppet ad campaign ... or the like.

Moral Compass:  IPO?  Just Say No!
The term "moral compass" was used repeatedly, so much so that I began to feel vaguely uncomfortable for no apparent reason ... Ah well, must be the menthol & caffeine combo breakfast ... By moral compass, I believe Craig means integrity and a strong sense of moral values that's part of the company's DNA.  For example, when asked about going IPO, Craig just says no ... why ruin a good thing i.e. lifestyle with the machinations of a public corporation?  Going IPO is not central to the craigslist mission.  Nor are banner ads from Microsoft, for that matter. Instead, Craig is simply trying to instill a sense of community and neighborhood via the Internet.

Nerd Values: Customer Service Representative & Founder
On Craig's business card, his title is "customer service representative & founder."  Craig's basic core values are nerd values: "make enough money to live comfortably, then make a difference" ... to affect social change. 

To that end, he has created craigslist foundation:  a set of resources for other non-profits & a platform for social philantropy, and I'm pretty sure it's open source :-)  "... We produce events and online resources to help grassroots organizations get off the ground and contribute real value to our community ..."

Working the "George Costanza" Thing

During his remarks, Craig compared his appeal to that of Larry David's character, "George Costanza" on the U.S. TV sitcom Seinfeld.  Craig says the "net is about including people" yet also mentions the importance of the "Circle of Trust" within the craigslist community.  To understand this better, you must visit 24hoursofcraigslist.com and make sure you view some trailers.

The Biggest Mistake

Oscar Wilde said something about, "If you want to tell people the truth make them laugh otherwise they'll kill you." So right now, the art Craig is most interested in is comedy. "... It seems to be the only way to tell the truth about politics, that's why the most trusted name in news is John Stewart ..."  And Craig's self-described Biggest Mistake was, "I didn't trust my instincts." 

However, these days it seems like Craig's instincts are just fine ... and he trusts them implicitly.

Click Here For The Wall Street Journal

Sunday, 13 February 2005

The Churchill Club's Annual "Dinner With Jeff Bezos"

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It was a Dark & Stormy Friday night in San Jose and the bourbon was flowing freely in the DoubleTree's Gateway Ballroom, at the Churchill Club's Annual Dinner With Jeff Bezos.  We were greeted at the door with complimentary Woodford Reserve, a fine small-batch Kentucky sipping bourbon from Graham Distillery: Kentucky's "oldest and smallest working distillery."  Very much appreciated and welcomed as JITB, 'just in time bourbon.'Bezosfunsm

What with the rain and San Jose rush hour traffic, we were a fair bit tardy for the event ... and it was difficult to find a pair of adjacent seats in the crowded ballroom.  But Lupita, the Doubletree's event floor-captain, seated us at the Reserved table for Churchill Club staff and we were quite happy, although anything but reserved.  Julie Crabill from Edelman, (a Daniel J Edelman company and one of the evening's sponsors) and the rest of the Churchill Club staff at our table were quite delightful company ... and my bourbon had just about kicked in when Josh and Jeff began the evening's festivities...Doubletreenight

Vicious Dessert Topping?
Business 2.0's editor Josh Quittner started the evening off with a nearly verbatim rendition of one of five questions I had submitted earlier in response to the Churchill Club's open call for participation.  If I had any notion whatsoever that it would've been chosen as the opening question, I would've come up with something better than, "What is Amazon anyway, a Platform, a Brand, or a Dessert Topping?" Geez, and this was considered a vicious question by some?  Hey, it's just my schtick!  Later, Josh would use another question from my personal submission arensal, "What sort of business partnerships is Amazon currently looking for and how can we (Churchill Club members) help?"  Well, here is what I remember of the answers given ... although it might've just been the bourbon buzz ...

Jeff talked about how Amazon is both platform and brand, but maybe not a dessert topping yet, although he did point out his company's penchant to reinvent itself repeatedly over the last (and only) decade of its existence.  Note: a ten year old (or so) Internet company is somewhat analogous to a 100 year old 'old school' corporation ... back then it just took longer to build enough company value to reach the same billion dollar (USD) valuations (that Google has recently achieved, for example) using the so-called 'old fashioned way' ...

Jeff mentioned that although the Amazon brand is strong, it would not be a good idea to open an Amazon-branded "big box" (e.g., a 'Walmart-style' retailing behemoth) using Amazon's distribution centers as a base.  He cited that a lack of big box retailing operational expertise would not put Amazon in a position to effectively capitalize on its brand strengths.  Instead, Amazon's main strength is providing consumers with a qualitatively better shopping experience than what is possible with conventional retailing alternatives.  The Amazon advantage is efficiently offering gigantic on-line selection (over a million on-line titles vs. less than 200,000 in the largest physical bookstore), relevant shopping information, and an integral fulfillment experience second to none; including the recently offered Amazon Prime, a yearly prepaid flat-rate shipping subscription that offers 2 day service.

Laugh And The World Laughs AT You!
Jeff talked a bit about his background, how he grew up on a Texas farm and learned self-reliance at an early age.  "... When something broke, you couldn't just pick up the Yellow Pages ... you had to fix it yourself ..."  He also recounted how his family provided him with early investment seed capital to start Amazon.  When he spoke about his family, he did so with a warmth that was quite tangible, especially when magnified by the big screen projectors flanking the stage.  Jeff's farmer modesty beamed when he spoke about how luck and fortune are linked, and that "... lots of smart people work just as hard (if not harder) and achieve different (i.e. unsuccessful) outcomes ..."  Jeff also made fun of his own laugh, and pointed out that as a teenager, his siblings would refuse to go to the movies with him due to the attention he would attract via his wild guffaws.  Hey, his laugh seems just fine to me!  Comics Credo: ANY Laugh is a GREAT Laugh!

Jeff suggested that the next wave of e-commerce opportunities will be fueled by twin forces: the proliferation of personal computers providing access points into the ever-evolving fabric of "information transparency and perfection", fostered by online web services like Amazon itself.  Jeff illustrated by describing A9 ("... there are nine letters in the word 'Algorithm'..."), Amazon's Palo Alto-based service that is integrating a variety of consumer-centric web services (Google, IMDB, Guru.com, Yellow Pages and more ...) into a comprehensive offering.  Jeff speculated that if more people would use PCs in their kitchen, Amazon's revenues could easily double since that's where a lot of personal time is spent.  He said that even though most analysts predict only a few "big winners in e-commerce" he instead sees many winners and opportunities in providing unique on-line services to consumers.  This is a Win-Win-Win scenario ... and proof positive that Jeff Bezos is a Really Nice Guy.

The Wild Blue Origin

Jeff also mentioned he is currently funding a startup called Blue Origin, a space-based venture not unlike Sir Richard Branson's new space venture, Virgin Galactic.   It's nice to see private space-based investments being made by these successful entrepreneurs.  Hopefully, we will see rapid and timely economic developments in an area that sci-fi fans have just dreamt and read about & longed for ... namely, affordable space travel and transport services.  New and unique opportunities in travel services, communications, and space commerce will be made possible by these billionaire pioneers, all within our current generation!  Indeed, this truly is the most innovative (and speculative) investment area I can think of at the moment ... ah, but I must again defer to the bourbon's wonderful effects on judgement ...  :-)

The evening's session closed with the dreaded 'Philanthropy Question': "Jeff, have you thought about how much money you are going to give away and when?"  At this point, Jeff recounted how he was observing the Bill & Melinda Gates Foundation's activities, and how sometimes their good intentions have been misrepresented and even cast in a rather negative light by some.  He also mentioned his respect for Patty Stonesifer, the Gates Foundation co-president and lauded her for her recent humanitarian efforts with Melinda in Haiti.  Finally, he closed in earnest by revealing that he really hadn't given much thought to philanthropy, all observations aside ...

Banjo Music ...

Let me suggest that we should all 'stay tuned' to Jeff Bezos: A Really Nice Guy  ... even if he did graduate summa cum laude in computer science and electrical engineering from Princeton and was Time Magazine's 1999 Person of the Year.  (Kidding, really!)

Let me also advise that bourbon, especially bourbon from Kentucky's oldest and smallest working distillery, can become an exquisitely bad habit.  But Bourbon has a wonderful effect on the literary arts, however, both for a readin' ana writin' ... somebody better hand me a dang banjo, a right quick now!

Click here for discounted Textbooks

Wednesday, 12 January 2005

The New Normal: Breakfast With Roger McNamee

Newnormal

We recently attended the Churchill Club's Breakfast With Roger McNamee: Great Opportunities in the New Normal.  Roger discussed his new book, "The New Normal: Great Opportunities In A Time Of Great Risk".

Thanks, Mom!
Roger was heartfelt and animated in his discourse, and got plenty of laughs (at least from our table) ... not an easy thing to do so early in the morning with a sober crowd.  Well, mostly sober except for that strange guy in the back, ... ah, nevermind ...

I would like to personally thank Roger's mother who, according to Roger, got him this book deal.  I'm fairly certain that this book has started many interesting and no doubt provoking self-assessments, and will engage many to follow their passions, aka their "true calling."


Think Small ...
So what is the "New Normal"?  Here's my favorite quote from the book:

"...there are more than 24 million small businesses in the United States... They already represent more than 99% of all employers in America ... and create 80% of all new jobs. ..."


Silence CNBC!

Roger's remarks at breakfast brought the New Normal into focus.  And please forgive me if I have misquoted Roger, but I was doing my best to take accurate notes while belly-laughing ... hopefully in all the right places.  Here are the gems I captured:

"The economy has been training us all to be entrepreneurs..."

"The New Normal -- We're stuck with it ... so there ..."  :-)

"We value time more than money."  But what about that old adage, "Time is Money?"

"Manias are part of the American Spirit."  As Americans, I'd prefer we keep this one to ourselves... part of our continuing challenge in global image management ...

"Watch CNBC with the sound off!" OF COURSE!!! After all, how much "Kudlow & Kramer" can one stand?  Personally, Maria Bartiromo and Jill Clayburgh never fail to give me a lift and they made the Bubble Madness MUCH more bearable.  And Jill is quite a comic genius in her own right ...

Rogerfotosm_3

Friends of Frank
Regarding the example made of Frank Quattrone, who was sentenced last year to 18 months for obstructing justice (the judge exceeded the 10-to-16-month range recommended by the guidelines), Roger stood up for his friend and strongly urged others in the audience to do the same. Frank showed true kindness to Roger.  One evening, Frank gave Roger a three hour personality counseling session where Frank repeated the (musical) theme: "You're too smart to be such an Asshole."

So now here is Roger's success trifecta:

"Play the things you know..."

"Focus on 'Leaps of Imagination'..."

"Follow your Passion ..."

Going Up?
Well, Roger McNamee has done just that with the formation of Elevation Partners back in September, 2004.  Elevation Partners is a private-equity group whose partners include the U2 rock star Bono.

Elevationpartnerslogog_2
Last September, Elevation Partners doubled the amount of money it is seeking from investors to $2 billion, according to a regulatory filing.  It seems the Menlo Park, Calif.-based group has many investors ready to participate in its fund, which is investing in media and entertainment companies.  And it certainly must help to have Bono, the 44-year-old lead singer of the Irish band U2,  as one of Elevation’s executives.    As far as "Bad VC / Good VC" is concerned, Elevation Partners is quite Good ... 

Foblogohirez_2

Flying With The Bros!
And speaking of passion, how about checking out Roger & his crew as The Flying Other Brothers.  They have an upcoming gig in Redwood City, Calif. at the Little Fox on Saturday, January 22nd.  Check it out!!! 

Rogerrockssm

BTW Roger, where is the bootleg recording section?  :-)

Uh, seriously dude ... (?) ...

Rock On!!!

[For more, here's Roger's blog ... ]

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Sunday, 07 November 2004

Toys For Tots Circa 1999

Tvpod




"... Toys For Tots Circa 1999 ..."

2004_poster

In one of the major highlights of his short but colorful 'military career', the Head Elf leads a squad of U.S. Marines into the Heart of a local Toys R Us during the 1999 campaign.

Alice @ 97.3's Vinnie Krackhorne of the "Sarah and Vinnie Morning Show" was on hand to broadcast the festivities.  It took two entire Marine M923s (five-ton transport trucks) to hold the booty collected.  That's alot of Elfin Magic...

Thanks to Lt. General Matthew T. Cooper USMC (Ret.), the then President of the U.S. Marines Toys For Tots Foundation, for the opportunity to serve.

Mclogo


Marine Toys For Tots Foundation

715 Broadway Street, P.O. Box 1947
Quantico VA  22143
+1 (703) 640-9433



Soundtrack Info

"Magic Carpet Ride"
From The Second (Steppenwolf, 1968)

Secondstep




Words and music by John Kay and Rushton Moreve

I like to dream yes, yes, right between my sound machine
On a cloud of sound I drift in the night
Any place it goes is right
Goes far, flies near, to the stars away from here

Well, you don't know what we can find
Why don't you come with me little girl
On a magic carpet ride
You don't know what we can see
Why don't you tell your dreams to me
Fantasy will set you free
Close your eyes girl
Look inside girl
Let the sound take you away

Last night I held Aladdin's lamp
And so I wished that I could stay
Before the thing could answer me
Well, someone came and took the lamp away
I looked around, a lousy candle's all I found

Well, you don't know what we can find
Why don't you come with me little girl
On a magic carpet ride
Well, you don't know what we can see
Why don't you tell your dreams to me
Fantasy will set you free
Close your eyes girl
Look inside girl
Let the sound take you away

 

(Note: Requires Quicktime 6.5 or later.)

Thursday, 28 October 2004

The 2004 Index of Silicon Valley

Innovative Economy, Livable Environment, Inclusive Society, and Regional Stewardship

 

"... The 2004 Index of Silicon Valley tells the story of the Silicon Valley region as it responds to economic booms and busts as well as other major economic and structural changes. The Index seeks largely to measure the progress made towards achieving the goals outlined by more than 2,000 community members in the Silicon Valley 2010 Vision.

Each year the Index discusses four goals laid out in the Vision—Innovative Economy, Livable Environment, Inclusive Society, and Regional Stewardship. In addition, the Index includes a special report on the region. The 2004 special report addresses Where the Jobs are: Our Region’s Occupational Structure.

Included below are some of the highlights from this year’s Index. The complete publication is available HERE.

Key Index Findings:

As Silicon Valley continues to undergo economic restructuring and we begin to see the shape of our future, our region now has the opportunity to participate in the next wave of innovation and broaden prosperity as envisioned in Silicon Valley 2010. This will require a strong commitment by regional stewards to both promote a high quality of life to attract and retain talent and invest in the skills essential to compete in the global economy. Our region must commit to preparing our current workforce for the occupational transitions necessary to stay on the cutting edge of innovation through constant retraining and career progression.

Last year, in response to both cyclical and structural economic challenges, Joint Venture outlined a four -part Next Silicon Valley Strategy to promote the region’s economy through global partnerships, technology convergence, and investing in a habitat for innovation and entrepreneurship. This year, the Index highlights the opportunity to take advantage of the next wave of economic opportunities in the regional economy to prepare the workforce for jobs of the future. ..."

Click Here For The Wall Street Journal Online

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