<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Betabeat &#187; Oh Sweet Lord, CAA Wants to Set up Shop in Silicon Valley</title>
	<atom:link href="http://betabeat.com/2011/08/oh-sweet-lord-caa-wants-to-set-up-shop-in-silicon-valley/feed/" rel="self" type="application/rss+xml" />
	<link>http://betabeat.com</link>
	<description>Just another WordPress.com site</description>
	<lastBuildDate>Tue, 18 Jun 2013 22:03:24 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='betabeat.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://s2.wp.com/i/buttonw-com.png</url>
		<title>Betabeat &#187; Oh Sweet Lord, CAA Wants to Set up Shop in Silicon Valley</title>
		<link>http://betabeat.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://betabeat.com/osd.xml" title="Betabeat" />
	<atom:link rel='hub' href='http://betabeat.com/?pushpress=hub'/>
		<item>
				
		<title>Oh Sweet Lord, CAA Wants to Set up Shop in Silicon Valley</title>

		<comments>http://betabeat.com/2011/08/oh-sweet-lord-caa-wants-to-set-up-shop-in-silicon-valley/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 16:12:49 -0400</pubDate>
					<link>http://betabeat.com/2011/08/oh-sweet-lord-caa-wants-to-set-up-shop-in-silicon-valley/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=15525</guid>
		<description><![CDATA[<p><div id="attachment_15526" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-15526" title="Jeremy Piven Talks Final Season Of Entourage" src="http://nyobetabeat.files.wordpress.com/2011/08/jeremy-piven-talks-final-season-of-entourage.jpg?w=300&h=187" alt="" width="300" height="187" /><p class="wp-caption-text">Gonna need a better cellie if you want to sign Thiel.</p></div></p>
<p>All those other warning signs of that the tech bubble cometh? Forget them. Because this is it:  Creative Artists Agency, the same talent-representing behemoth behind stars like Brad Pitt and Oprah, is contemplating moving to the Valley.</p>
<p>Hollywood tried the same thing back in the nineties, but got scared off when the bubble went bust. But it looks like they think <em>this</em> bubble has legs.</p>
<p><a href="http://uk.reuters.com/article/2011/08/24/us-creativeartists-idUKTRE77N6CR20110824">According to Reuters</a>, who broke the news, the plans are under consideration and will "proceed slowly," but the agency already has some bold-faced, internet-famous celebrities on the roster for its Speakers Division, such as Twitter co-founder Biz Stone and former Facebook exec Randi Zuckerberg, sister of what's-his-face. You remember him? From that movie that one time?</p>
<p>Reuters really brings the point home with this money quote:<!--more--></p>
<blockquote><p>"The plans under consideration by CAA underscore  the idea that software developers and computer engineers are the new  creative community, and tech executives -- not media moguls -- are the  rock stars of the business world."</p></blockquote>
<p>Aww, isn't it pretty to think so.</p>
<p>So, what will a bunch of Hollywood wheeler and dealers be doing so far from L.A.?  Says Reuters: "CAA's business in Silicon Valley is divided into  three buckets: advising tech companies about Hollywood, partnering with  venture capital firms to incubate start-ups, and matching clients who  have digital media ideas with companies that can help bring them to  fruition."</p>
<p>Yes, incubating. You read that right. For a little history lesson from the not-too-distant past, the last time Hollywood tried an incubator it was a joint venture between William Morris Endeavor, Accel Partners and AT&amp;T known as a the Mail Room Fund that only spent about $5 million (of its $30 to $50 million under management) before shutting down in April. As former Venrock Ventures partner David Siminoff explained to Reuters, culture clashes between the Valley and Hollywood often making working together difficult.</p>
<p>Although that sounds like the makings of a great (read: horribly awkward and potentially violent) reality TV show, how about recruiting New York's budding tech stars, huh? We know how to deal with your kind out here.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_15526" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-15526" title="Jeremy Piven Talks Final Season Of Entourage" src="http://nyobetabeat.files.wordpress.com/2011/08/jeremy-piven-talks-final-season-of-entourage.jpg?w=300&h=187" alt="" width="300" height="187" /><p class="wp-caption-text">Gonna need a better cellie if you want to sign Thiel.</p></div></p>
<p>All those other warning signs of that the tech bubble cometh? Forget them. Because this is it:  Creative Artists Agency, the same talent-representing behemoth behind stars like Brad Pitt and Oprah, is contemplating moving to the Valley.</p>
<p>Hollywood tried the same thing back in the nineties, but got scared off when the bubble went bust. But it looks like they think <em>this</em> bubble has legs.</p>
<p><a href="http://uk.reuters.com/article/2011/08/24/us-creativeartists-idUKTRE77N6CR20110824">According to Reuters</a>, who broke the news, the plans are under consideration and will "proceed slowly," but the agency already has some bold-faced, internet-famous celebrities on the roster for its Speakers Division, such as Twitter co-founder Biz Stone and former Facebook exec Randi Zuckerberg, sister of what's-his-face. You remember him? From that movie that one time?</p>
<p>Reuters really brings the point home with this money quote:<!--more--></p>
<blockquote><p>"The plans under consideration by CAA underscore  the idea that software developers and computer engineers are the new  creative community, and tech executives -- not media moguls -- are the  rock stars of the business world."</p></blockquote>
<p>Aww, isn't it pretty to think so.</p>
<p>So, what will a bunch of Hollywood wheeler and dealers be doing so far from L.A.?  Says Reuters: "CAA's business in Silicon Valley is divided into  three buckets: advising tech companies about Hollywood, partnering with  venture capital firms to incubate start-ups, and matching clients who  have digital media ideas with companies that can help bring them to  fruition."</p>
<p>Yes, incubating. You read that right. For a little history lesson from the not-too-distant past, the last time Hollywood tried an incubator it was a joint venture between William Morris Endeavor, Accel Partners and AT&amp;T known as a the Mail Room Fund that only spent about $5 million (of its $30 to $50 million under management) before shutting down in April. As former Venrock Ventures partner David Siminoff explained to Reuters, culture clashes between the Valley and Hollywood often making working together difficult.</p>
<p>Although that sounds like the makings of a great (read: horribly awkward and potentially violent) reality TV show, how about recruiting New York's budding tech stars, huh? We know how to deal with your kind out here.</p>
]]></content:encoded>
		<wfw:commentRss>http://betabeat.com/2011/08/oh-sweet-lord-caa-wants-to-set-up-shop-in-silicon-valley/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/becf95fa833b8aeb13f7720732bd6dc6?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">jhanasobserver</media:title>
		</media:content>

		<media:content url="http://nyobetabeat.files.wordpress.com/2011/08/jeremy-piven-talks-final-season-of-entourage.jpg?w=300&#38;h=187" medium="image">
			<media:title type="html">Jeremy Piven Talks Final Season Of Entourage</media:title>
		</media:content>
	</item>
	</channel>
</rss>
