SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Snowshoe who wrote (393)7/16/2017 12:12:40 PM
From: elmatador  Read Replies (1) of 13790
 
These days, a glut of money eager to bolster gains in a low-return world has lifted the economy of Silicon Valley to ridiculous heights.

It is not only oil
The virtual money is used to pay nosebleed salaries — it can cost upward of $2m in cash and stock options to recruit a driverless-car engineer in the Valley these days

Just a few years ago, Jawbone, the nearly defunct maker of wearable technology, was handing out its brightly coloured fitness tracking wristbands like lollipops to VIPs at Davos. Today, it’s selling itself off piece by piece. You could argue that the company was a victim of many things, like being too early into the market (it launched Bluetooth-enabled devices in the late 1990s), or not realising soon enough that things like sleep monitoring and step tracking would eventually be apps that would live on the largest platforms run by companies like Apple and Google, rather than standalone technologies that would warrant their own devices and ecosystems.
But you could just as easily argue that this Silicon Valley unicorn, which at its peak boasted a valuation of $3.2bn and attracted money from the world’s most successful venture capitalists (Sequoia Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz, and Khosla Ventures), was a victim of its own success. The company burnt through so much money and reached such sky-high valuations that it became like one of its users — too rich and fat for its own good.

ft.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News