In search of big ideas in the Valley
click for (pop up) video: Is Silicon Valley Losing Its Magic?
BusinessWeek’s John A. Byrne and Steve Hamm discuss whether Silicon Valley still has its mojo, or will risk aversion and myopia kill the golden goose?
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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January 2nd, 2009 at 4:39 pm
Silicon Valley loses its mojo every 10 years or so. The problem is with diminishing returns. Web 2.0 seems to me like a refinement of web 1.0 (duh!). Also, all along hwy 101 in SV there are the scattered remains of companies that had great ideas but were too far out on the bleeding edge.