I was with a friend recently who has a pretty exciting Internet startup company. He has raised some money and might raise more, his product is in beta and it’s good. It solves a difficult technical problem many companies are struggling with. We argued a little over the name of the product. Of course I thought my suggested name was better or certainly cleverer, but then he said, “It doesn’t matter because we’ll probably sell the company before the product ever ships. It may never appear at all.”
His company will exit almost before it enters. This is happening a lot lately and we generally think it is a good thing but it’s not.
If, like me, […]








Today is my 60th birthday. When I came to Silicon Valley I was 24. It feels at times like my adult life has paralleled the growth and maturation of the Valley. When I came here there were still orchards. You could buy cherries, fresh from the fields, right on El Camino Real in Sunnyvale. Apricot orchards surrounded Reid-Hillview Airport in San Jose, where I flew in those early days because hangars were already too expensive in Palo Alto. My first Palo Alto apartment rented for $142 per month and I bought my first house there for $47,000. I first met Intel co-founder Bob Noyce when we were both standing in line at […]
Earlier this year I wrote a