There is a spectre stalking Silicon Valley, reports the Wall Street Journal. Specifically, it’s the ghost of once-bright hopes for wealth-creating IPOs. Zynga, Groupon, Facebook–none of them turned out quite like everyone hoped, and it is bumming out the rank-and-file in a big way.
The worker bees have lost a lot of the paper wealth Read More
Goooood Morning Silicon Alley!
This is a guest post from Gary Sharma (aka “The Guy with the Red Tie”), founder and CEO of GarysGuide and proud owner of a whole bunch of black suits, white shirts and, at last count, over 40 red ties. You can reach him at gary [at] garysguide.com.
I’m a big fan of organizations and groups that encourage more women to get involved in the traditionally male-dominated worlds of tech and entrepreneurship, by creating community and providing guidance and support. And this week, we have a ton of these women-focused events.
There is the Ladies Who Code hacknight, where they encourage you to bring your brilliant self, your laptop, and your beloved text-editor of choice! There is Celebrating Extraordinary Female Founders at Levo League (a site for Gen Y female professionals), as well as the launch party for PlumAlley (a new site supporting female-founded companies). There is the Go Connect – Ignite Your Ambition event organized by NY Tech Women and The White House Project. There is JumpStart Your Dreams, organized by She Creates Change (a community supporting women as they make their professional dreams a reality). And finally there’s Women 2.0 Founder Friday, with guest hosts Alexis Tryon (cofounder, Artsicle) and Anagha Nadkarni (cofounder, AppGuppy).
The Digital Age
Uptime monitoring company Pingdom crunched the numbers behind the U.S. demographics of some of the internet’s most devoted communities in 2012, and unearthed some pretty interesting stats. Though the majority of the web’s infrastructure was built by people who have never played Pokemon or seen an episode of Boy Meets World, social media is largely touted as a young person’s game. But according to Pingdom, the majority of social networks are actually populated primarily by users over 35.
Now that it’s a media company, Twitter is steadily tightening control over its most valuable asset: That all-powerful interest graph, social media’s very own ultimate weapon. The company broke off its longtime partnership with LinkedIn last month, yanking tweets from the professional social network. Instagram also got the ax–new users can no longer automatically find their Twitter buddies. And developers are still clucking with outrage over the API tightening that’ll make it tougher than ever to build on top of the service.
The latest to come under the sword: Tumblr. BuzzFeed reports that, as of last night, no more will new Tumblr users be given the option of finding their friends on Twitter; now they’ll be stuck with just Facebook and Gmail. Oh, the humanity.
Two more execs are leaving Yahoo. Call it the “Mayer effect.” Or is that the term for bringing Googlers to Yahoo? [AllThingsD]
The social media sector has LinkedIn and Yelp to thank for boosting its image by meeting their projected revenues. The rest of y’all look like chumps. [Wall Street Journal]
Hey everyone let’s freak out and say you can’t read Quora anonymously. But psst…you can. Just change your settings. Problem solved! [GigaOm]
Au revoir, piracy police. At least in France, anyway. [PaidContent]
Yes, you can go to jail for admitting to rape on Reddit. Also, you’re a monster. [BuzzFeed]
Wikipedia is bleeding admins. Why? The vetting process for becoming one “is basically a hazing ritual at this point.” [The Atlantic]
Poor Microsoft. The unveiling of its newest Office suite yesterday was totally overshadowed by Yahoo’s Marissa Mayer coup. We think we can hear Steve Ballmer throwing chairs from here. [Microsoft]
At a Fortune conference in Aspen, Peter Thiel called Eric Schmidt Google’s “minister of propaganda.” Fight! Fight! Fight! [Fortune]
LinkedIn got a much-needed UI makeover, and it looks a hell of a lot like Google+. [LinkedIn Blog]
No one knows what iCloud is. [Buzzfeed]
Oh good, another Hacker News Alley vs. Valley flamewar. [Hacker News]
Down in the Valley
If anyone is familiar with the Valley’s success method du jour, it’s Diego Basch. Mr. Basch founded IndexTank, a hosted search tool that was acquired by LinkedIn in 2009. Today, he hit the front page of Hacker News with a post about how to exploit Silicon Valley “for profit (and maybe fun).”
Mr. Basch’s parable is a familiar one: An average Joe goes to Silicon Valley, raises money even though he doesn’t really agree with the VC’s philosophies, builds a company with the express intent of getting acquired by a larger company, sells the company and makes bank. Only then does he finally have enough money of his own to build something he actually cares about.
New York Times notable tech bachelor Larry Ellison has purchased 98 percent of Lanai, Hawaii’s largest island. Hawaii’s governor cited Mr. Ellison’s “passion for nature,” as a motivating factor in island ownership. [Guardian]
Peter Thiel’s plan is already paying off! James Proud, one of the fellows from Mr. Thiel’s recently-announced class, sold his company GigLocator to Peter Shapiro, the owner of Williamsburg’s Brooklyn Bowl. [TechCrunch]
LinkedIn faces class action lawsuit demanding $5 million in damages for not safeguarding users’ (terrible, insecure) passwords. [The Inquirer]
Steve Wozniak showed his support for Megaupload by dropping by Kim Dotcom’s New Zealand manse. [CNET]
Why do Nigerian scammers say they’re from Nigeria? A Microsoft researcher investigates. [Hacker News]
Now you can read through a user’s Twitter stream without all those annoying @ replies to randos clogging it up. [Twitter Blog]
Oops. Microsoft forgot to tell its PC partners about that little thing called the Surface tablet. [Reuters]
Facebook’s head of mobile told the audience at Le Web that the company is trying to copy Path. Cool story, bro. [TechCrunch]
The Daily Dot rounds up some of the more embarrassing moments in Reddit’s history. [Daily Dot]
LinkedIn is being sued for that unfortunate password hacking scandal. [VentureBeat]
Dept of Don't Cry Wolf
Turns out lots of people don’t know the difference between legitimate LinkedIn emails and spam.
In the wake of last week’s massive password breach, the site sent users whose passwords had been hacked emails with instructions for resetting those compromised passwords. But, according to the spam fighters over at Cloudmark, a good number of the people who received them just chucked them into the junk bin:
This was a real email from Linkedin telling people whose password had been compromised how to protect their account. Over four percent of the people receiving this email, thought it was spam and sent it straight to the bit bucket. If Linkedin sends out 6.5 million emails, then a quarter of a million people are congratulating themselves on avoiding spam, and still have a compromised Linkedin password.
For the last time, people: Change your passwords. But also maybe LinkedIn might want to throttle back on the non-essential emails, so people stop assuming their messages are worthless?
(h/t Computer World)