May 11, 2013 |
It seemed like a typical dinner party for the well-heeled set: eight women, some dressed in stilettos and skinny jeans, gabbing over glasses of wine and endive spears with goat cheese at a lavish Hollywood Hills home. But amid the Kate Middleton pregnancy chatter and a debate on the best mascara brands, the conversation turned to mobile app strategies and the latest tech companies to score millions of dollars in venture capital funding. Not too long ago, such meet-ups among tech-savvy women - or men, for that matter - were a rarity in Los Angeles.
May 3, 2013 |
Silicon Valley has wielded its growing political clout at the state Capitol to kill a digital privacy bill that would have given consumers access to information about them being collected online. Had the Right to Know Act become law, California would have been the first state to take direct aim at an online industry that stockpiles and trades in a wide range of personal data about nearly every adult in the United States. In a major defeat for consumer groups and privacy watchdogs, AB 1291 will instead become a two-year bill, effectively putting it into a deep freeze until next year.
May 1, 2013 |
The Clock Tower, a Santa Monica office building beloved by Westside creative firms, has been snapped up by Italian investors who specialize in buying trophy historic properties. Clad in white terra cotta, the 12-story Art Deco-style office high-rise on Santa Monica Boulevard near the Third Street Promenade commands some of the highest rents in Southern California. It is considered one of the choicest addresses in the burgeoning technology and entertainment business enclave known as Silicon Beach.
April 2, 2013 |
California is applying money-transfer laws to high-tech start-ups and others in the business of moving funds, subjecting them to the same strict regulations and heavy scrutiny as financial service companies. And that has some Silicon Valley entrepreneurs crying foul. The regulations, they say, are hobbling their ability to develop new Internet technologies that, like PayPal Inc. and Square Inc., make fast, secure payments with smartphones and tablets. FaceCash, a Palo Alto company that developed a mobile payment system using facial-recognition software, has sued the state in federal court on claims that licensing requirements discriminate against the company and hinder interstate commerce.
March 29, 2013 |
SAN FRANCISCO - For years, Silicon Valley companies wanted as little to do with Washington as possible. Hiring lobbyists to promote and protect their interests was about as far as they went. But a new generation of technology entrepreneurs believes it can no longer afford to ignore the Beltway, and is setting its sights on Capitol Hill. Leading the way is Facebook co-founder and Chief Executive Mark Zuckerberg, who with other tech executives is starting a political advocacy group that plans to push an ambitious legislative agenda, people familiar with the plans said.
March 22, 2013 |
SAN FRANCISCO - As HBO adapts its television empire to the digital age, it's rolling out the red carpet to Silicon Valley. The pay TV network put on showy "Game of Thrones" season premiere parties this week in Silicon Valley and Seattle, ground zero for the revolution underway in television viewing habits. Digerati turned out by the hundreds to immerse themselves in the fantasy realm of Westeros, some wearing Twitter logo T-shirts, others Google Glass, the Internet giant's yet-to-be-released futuristic eyewear.