silicon valley

Microsoft co-founder Paul Allen's venture-capital firm is opening an office in Silicon Valley.

Vulcan Capital, which has invested in a wide array of companies, including DreamWorks Animation and Redfin, has decided to open an office in Palo Alto, Calif., the company has confirmed to Reuters. The office, which will open at some point in the next few weeks, will focus on technology, Internet, and software companies. It will chiefly invest in middle- and late-stage startups, as well as pre-IPO deals.

"We are going to expand our footprint in broad tech investments, we'd like to get more resources, … Read more

Editor's note: This is the final installment of a four-part series. Read part 1, "Plotting the next Silicon Valley -- you'll never guess where;" part 2, "New Silicon Valley in the Andes: Promise and paradox;" and part 3, "Riding shotgun with the man behind an Andean Silicon Valley."

In the previous installments of this series on Ecuador's plan to build its own hub of research and innovation on par with the likes of Silicon Valley and South Korea's Incheon, I've focused on the big dream and the big possibilities.

It's time for a reality check to round things out.

First, let's review the plan for Yachay, the name chosen for the Ecuadorian government's planned "City of Knowledge" already under construction at a rural location in the country's northern Andean highlands. It all starts with a university that Rene Ramirez, Ecuadorian minister of higher education, science, technology, and innovation, hopes will one day be on par with the likes of Stanford University, the Massachusetts Institute of Technology, or the California Institute of Technology.

"We want Yachay to be part of that international network of knowledge development, putting Ecuador in a good position globally," Ramirez told me when I visited him in Quito. … Read more

Editor's note: This is the third part of Crave's four-part series on Ecuador's attempt to become Latin America's hub for science, technology, and innovation. Read part 1, "Plotting the next Silicon Valley -- you'll never guess where," and part 2, "New Silicon Valley in the Andes: Promise and paradox."

QUITO, Ecuador--Right now, I'm one of the final things standing between Ramiro Moncayo and a vacation he's been waiting to take for years. It's just a few days before Christmas, and needless to say, he is very excited about the couple of days he is about to spend with his family on a holiday getaway.

Moncayo is the project manager for Yachay, the ambitious planned city that the equally ambitious government of Ecuador's leftist President Rafael Correa has been trying to shove into existence for a few years now.

Since taking office just a half decade ago and with the help of a fountain of oil revenues, Correa and company have modernized the nation's highways, created the third-fastest growing economy in Latin America, and more than tripled the number of Ecuadorian citizens connected to the Internet, according to the president's office.

Next up on the industrialization to-do list: Ecuador plans to create the first top-tier research university in Latin America and surround it with all the facilities and human capital needed to make this developing nation, which is roughly the size of the state of Colorado, a global player in science, technology, and innovation. (There is, however, some reason for skepticism, as I mention in part 2 of the series.) … Read more

Leave it to a city in Silicon Valley to become the first in the U.S. to use smart meters to bring all of its residents free outdoor Wi-Fi.

Santa Clara, Calif., debuted its new service this week after installing nearly 600 transmitters throughout the city, according to the Mercury News. The name of the network is "SVPMeterConnectWifi."

"We are the first utility in the nation to offer free Wi-Fi as part of the smart meter rollout," manager with Silicon Valley Power Larry Owens, the community's utility provider, told the Mercury News. "It's … Read more

Leaked from today's 404 episode:

- Lucasfilm forces Flyers goalie to change the "Star Wars" graphic on his mask.

- NIN's "Head Like a Hole" mashed with "Call Me Maybe" is terrible and perfect.

- Teddy Faley made a mashup album using Mobb Deep lyrics over 8-bit Mario samples.

- Never lose at pool again (by cheating).

- Silicon Valley is full of stoners.… Read more

Keith Rabois, the former Square COO who resigned last month amid sexual harassment allegations, is joining Khosla Ventures, one of Silicon Valley's leading VC firms.

Khosla Ventures was founded by former Kleiner Perkins partner Vinod Khosla and was an early investor in Square, the mobile-payments company. According to TechCrunch, Rabois had been considering an offer to join Airbnb as an executive before deciding on the Khosla position. Clearly, the cloud of scandal hanging over his head did nothing to cool the ardor the tech industry felt for him.

That might have something to do with the fact that on … Read more

Yahoo's focus on mobile apparently requires its employees to stay in the office.

ATD is reporting that CEO Marissa Mayer let it be known yesterday -- via a memo to employees from HR head Jackie Reses -- that come June, any existing work-from-home arrangements will no longer apply.

"To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side," reads the memo, as published by ATD's Kara Swisher, to whom it was leaked.

Swisher reports that the change has rankled some workers who say they were … Read more

The one thing everyone wants to know about Christian Gheorghe's life is the one thing he won't talk about.

In Silicon Valley, where the top talent at the hottest companies -- the Zuckerbergs, the Brins, the Cooks, and so forth -- are household names and paparazzi bait, Gheorghe's name isn't in play. Though he is a Silicon Valley CEO, his company, Tidemark, makes enterprise-focused performance and financial management applications, certainly not the sexiest of products.

But to a category of people who matter a lot in Valley -- the VCs -- Gheorghe is a bona-fide hero, … Read more

To their shock and horror, Owen Wilson and Vince Vaughn realize that by landing an internship at Google, they are actually "looking at some sort of mental 'Hunger Games' against a bunch of genius kids for just a handful of jobs."

This scene is shown in the recently-released trailer (see below) for the upcoming movie titled "The Internship." The film features the two "Wedding Crashers" stars as they try to make it in the world of Google's high-tech interns. The only catch is that they're "so old" and aren't … Read more