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BINCTV discusses State of Yahoo, Obama’s Tech Vision and Sequoia Memo

By Tawny on November 10, 2008

It’s been a while since our last BINC TV episode, I think two weeks exactly.  Boris was away at The Pinnacle Conference in Florida and the next week Grant was off in the hills hunting poor little piggies.  So this week we decided to ease ourselves back into things by going over hot topics in the news which affect the Technology Industry.
Below are the links to the topics we discuss so you can read up more on them.

LinkedIn to Start Layoffs Today -- Valleywag -- Article talks about LinkedIn’s recent 10% layoffs and the rumor these layoffs were caused by VC Firm Sequoia Capitol telling all their companies to get rid of 10% or their employee base.

Science, Technology and Innovation for a New Generation -- Change.gov -- President Elect Barack Obama has already started to integrate some of his technology views into the government by creating this website.  “Throughout the Presidential Transition Project, this website will be your source for the latest news, events, and announcements so that you can follow the setting up of the Obama Administration. And just as this historic campaign was, from the beginning, about you — the transition process will offer you opportunities to participate in redefining our government.”

Web 2.0 Summit: Jerry Yang says “It’s been a pretty amazing year” -- VentureBeat -- From plummeting stocks, mass layoffs, exiting executives, botched Microsoft buyout, and fallout of a Google deal, it sure has been an amazing year for Yahoo! -- An amazing year of failure -- oh but I guess that comment referred to life outside Yahoo.  John Battelle interviews Yahoo CEO Jerry Yang at the Web 2.0 Summit in San Francisco about exactly what has been going on with Yahoo.
Enjoy!

Part 1

Part 2

Part 3

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Economy Woes Hit Tech Industry – Software Companies Get Scared!!

By Tawny on October 17, 2008

Three weeks ago, there was talk about a recession and most people were positive that it wouldn’t affect the Silicon Valley or the Tech Industry in general.  Within one day the troubles on Wall Street caused software companies in the Tech Industry to bunker down and seek shelter.  As mentioned in an earlier post, Sequoia Capitol a very prominent and well funded VC firm had a meeting with the CEO’s of all the companies they funded.  The CEO’s were given guidelines to follow in order for them to make it though the though economic times that are ahead.  The events in the economy as of late have caused technology companies to re-evaluate their place in the marketplace and strategies for doing business. 

 

In this weeks BINC.TV episode Boris, Grant & Eli talk about the hit many technology companies have taken due to the struggling economy.  Their theory seems to be Go Big or Go Home!  Watch this week’s episode to find out why.

  

Part 1

 

Part 2

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Is the Key to a Startup’s Success a Low CEO Salary?

By Boris on September 11, 2008

Earlier this week TechCrunch hosted TechCrunch50.  It was a chance for 50+ startup software companies to present and demo their products.  Along with product showcases,  Michael Arrington and his crew interviewed some of the top names in the webspace.

He had an compelling interview with Peter Thiel, co-founder of Paypal and also a Venture Capitalist at The Founders Fund.   They talked about a varitey of issues but the most interesting part was what the best predictor of start up success is.  According to YouNoodle, an online company that analyzes and creates certain quantitative metrics that work very well in startups success.  One key to a startups success is low CEO pay.  Peter said:

The lower the CEO salary, the more likely it is to succeed.
The CEO’s salary sets a cap for everyone else. If it is set at a high level, you end up burning a whole lot more money. It aligns his interest with the equity holders. But [beyond that], it goes to whether the mission of the company is to build something new or just collect paychecks.
In practice we have found that if you only ask one question, ask that.

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