Geek Idol: A Competition to Promote Competitiveness

A couple weeks from now we’re going to start serializing my 1992 book Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can’t Get a Date. It’s the book that was the basis for my 1996 documentary TV series Triumph of the Nerds and ultimately led to this column starting on pbs.org in 1997.

What goes around comes around.

We’ll be serializing the complete 1996 paperback edition which is 102,000 words in length, pumping the book onto the intertubes at around 2,000 words per day. In about 51 days, give or take a bit, we’ll put the entire work on the web with no ads and no subscription fee, just lots and lots of […]

Is the U.S. Startup Economy Failing?

As I’ve written here many times before, small companies and especially new companies are what create nearly all of the net new jobs in America, yet a new study released last week by the Hudson Institute suggests the rate of job formation by new firms is down dramatically in recent years, from an average of 11 new startup jobs per 1000 workers at a peak in 2006 down to 7.8 new startup jobs per 1000 workers in 2011 — a 29 percent decline.  So is the startup economy losing its oomph and should we be worried? No the startup economy isn’t losing its oomph but yes, it’s time […]

Ticked off: How stock market decimalization killed IPOs and ruined our economy


Well it took me more than the one day I predicted to finish this column, which purports to explain that dull feeling so many of us have in our hearts these days when we consider the U.S. economy. Our entrepreneurial zeal is to some extent zapped. For a decade it seemed we needed to jump from bubble to bubble in order just to drive economic growth — growth that ultimately didn’t last. What happened? Initial Public Offerings (IPOs) went away, that’s what happened.

I wrote several columns on job creation over the last year, columns that explained in great detail how new businesses, young businesses, and small businesses create […]

The crowdfunding bubble of 2013 part 3 — how to make it successful

This is the third and final part of my series on crowdfunding. In part one we learned how important crowd funding can be for helping tech startups and the economy. In part two we worried about how criminals and con men might game the eventual crowdfunding system when it starts in earnest next January. And in this final part I suggest a strategy for crowdfunding success that essentially comes down to carpe diem – seize the day!

Crowdfunding done right will have a huge positive impact on any economy it touches. But by done right I mean done in a manner that maximizes impact and minimizes both corruption and unnecessary complexity. This […]

The crowdfunding bubble of 2013 part 2 — crooks and con men

Legal crowdfunding is coming, as I explained in the first part of this series. Thanks to the Jumpstart Our Business Startups (JOBS) Act, investors big and small will soon have new ways to buy shares in startups and other small companies. This should be very good for growing companies and for the economy overall, but there’s peril for individual investors from scammers likely to be operating in the early days of this new law.

Most concerns hearken back to the Banking Act of 1933, enacted to bring order and regulation to the banking industry during the Great Depression.  It was the collapse of the banking industry, not the stock market crash, that did most of the damage […]

The crowdfunding bubble of 2013

When President Obama signed the Jumpstart Our Business Startups (JOBS) Act on April 5th, the era of crowdfunding began as individual investors everywhere were promised an opportunity to gain access to venture investments previously limited to institutions, funds, and so-called qualified investors. Come January 1, 2013, we’re told, anyone can be a venture capitalist, but hardly any of these new VCs will know what they are doing. Spurred by the new law we will shortly see a surge of crowdfunding startups giving for the first time unqualified investors access to venture capital markets. And it will be a quagmire.

Like disk drive startups in the 1980s each of these new crowdfunds will […]

TV after YouTube

YouTube made two fascinating announcements recently: 1) viewers are now downloading an average of two billion videos per day on the service, and; 2) YouTube is almost showing a profit for Google, its owner.  Think about the glorious inefficiency embodied in that latter statement:  two billion downloads per day just to break even.  And this is supposed to be the future of television?  Hardly.

I think the future of television is Veetle.

Veetle, if you haven’t heard of it, is a Palo Alto-based startup that isn’t nominated for this summer’s Startup Tour.  Veetle appears from my vantage point to be a peer-to-peer video distribution system that most closely parallels the current cable TV model except […]

The Gate is Closed

Update — Startup questionnaires go out this evening (Monday, May 17th).  If you don’t receive one and think that you should have, please contact [email protected] or [email protected] to that effect.  The list of MIA nominees below is current as of Monday afternoon. — Bob

Nominations for the Cringely (NOT in Silicon Valley) Startup Tour are officially closed.

The next step is distributing to a designated founder or executive at each nominated company our festive questionnaire.

Despite the hard work of Mary Alyce Cringely and Miss Courtney, we still have more than 100 nominated companies for which no official contact e-mail address yet exists.  We have written to all these companies and called all of them but for some […]

Question Time

We have less than a week to go for nominations to the Cringely (Not in Silicon Valley) Startup Tour.  Mrs. Cringely (Mary Alyce) and Miss Courtney are contacting all 400 companies so we can distribute our festive company questionnaire to the right person. This is a harder task than we had guessed.

We need this questionnaire for two purposes: 1) it gives us standardized data with which to most fairly select the final 24 companies, and; 2) companies that don’t bother to return the questionnaire will be eliminated from the competition, saving us some work.

The questionnaire goes to the CEO or CFO or whomever in the company is supposed to be providing adult supervision.

What we are discovering, however, is that:

1)  Many nominated startups don’t have […]

Dry Powder

There are approximately two weeks to go for nominations to the Cringely (NOT in Silicon Valley) Startup Tour.  With just under 400 companies nominated so far, both in the open and in stealth mode, my goal for the next two weeks is to break 400, making it that much harder to decide on a final 24.

Our model for the tour is evolving slightly.  I have venture capitalists and angel investors now asking to tag along, guessing that what I find worth writing about they may find worth investing in. This is small but serious money, by which I mean that while I can’t lay direct claim to the zillions these participating outfits manage, if the […]