silicone

Mobile payments startup Clinkle nabs $25M in early investments

Young entrepreneur Lucas Duplan said his startup, Clinkle, has figured out a way for people to pay for things in a physical store without using cash or credit card. And, it doesn't require a mobile card reader, the hardware popularized by payments company Square.

"No one has really cracked the nut," Duplan said, adding that none of the apps currently available can really help people leave their physical wallets behind. He leaves the door open for other benefits, like how to use consumer's shopping habit data to create other features.

"Our product is fundamentally a … Read more

Silicon Valley, NSA might be closer than we thought

It appears that the National Security Agency and at least some Silicon Valley-based companies are tighter than both have contended.

Several unidentified Silicon Valley companies have at times established secret teams of employees charged with making their customers' data more accessible to the NSA, The New York Times is reporting on Thursday, citing both current and former "industry officials." The companies say that they're establishing the teams so they can control how data is transferred to the NSA, but the government agency is also applying pressure to make it easier for its employees to access data.

The … Read more

Instagram sale to Facebook made Jack Dorsey 'sad'

It's been well-chronicled that when Instagram was sold to Facebook last year, it spurned similar interest from Twitter, probably leading to bad blood between the two companies and a tit-for-tat series of feature shutdowns and one-upmanship.

But a new Vanity Fair story by AllThingsD co-founder Kara Swisher spells out in detail just how disappointed Twitter co-founder Jack Dorsey was upon learning that he'd lost out on the opportunity not just to buy Instagram, but to acquire the talents of the photo app's co-founder, Kevin Systrom, a friend.

Dorsey says the news was [hard] for him to take, … Read more

The untold story behind Apple's $13,000 operating system

SANTA CRUZ MOUNTAINS, Calif. -- In the common retelling of Apple's history, it was Steve Jobs' and Steve Wozniak's second computer, the Apple II, that launched their fledgling company toward stratospheric growth and financial success. The machine's triumph as a single platform for business software, games, artistic tools -- and more -- set the stage for the later debut of the first Mac, and later OS X and iDevices.

What many forget -- or may not even know -- is that when the Apple II was introduced at the inaugural West Coast Computer Faire in April, 1977, it suffered from what, in retrospect, was a glaring shortcoming: It had no disk drive. … Read more

Paul Allen's VC firm to open new office in 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

An Ecuadorian Silicon Valley: Pipeline to the future or pipe dream?

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

Riding shotgun with the man behind an Andean Silicon Valley

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

Silicon Valley city offers free Wi-Fi via smart meters

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

Doctors 'used fake fingers' to clock in for colleagues at ER

I feel sure this story might be an inspiration to some, especially those who enjoy showing solidarity for their fellow worker.

For it seems that several doctors in Sao Paulo, Brazil, decided there was a way to fool the biometric scanners on which they clocked in with their fingers.

They allegedly created more fingers. Fake ones, out of silicone.

As AFP reports, an investigation by Globo television showed a doctor using the fake fingers to fool the machines.

The machines dutifully printed out a paper record of a doctor's attendance, when he or she wasn't actually there.… Read more

The 404 1,220: Where it's always greener on the other side (podcast)

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