March 30, 2014 |
SAN FRANCISCO - It's becoming a familiar scene in everybody's favorite city - luxury shuttles with Wi-Fi and plush seats barreling past sluggish, dilapidated city buses crammed with local residents standing elbow to elbow. The nerd convoy, ferrying workers to technology companies in Silicon Valley, has raised the ire of civic activists who see it as a symbol of a divide between the haves and have nots as the region's tech boom has sent housing costs and evictions soaring. But as heated as that backlash has become at times, it has obscured a much broader story that these buses have to tell about changes sweeping across not just San Francisco but also the entire Bay Area.
March 18, 2014 |
A remarkable transformation is taking place in the heart of Los Angeles. Over the last 10 years, downtown L.A. became vibrant as it built ties to the south, reaching USC and Exposition Park. From the Walt Disney Concert Hall to the California Science Center, a dynamic innovation corridor is taking shape around Figueroa Street. But the most dramatic change will only come once Figueroa is reinvented to facilitate the flow of people and break down fences. Innovation thrives on clusters: interconnected businesses, creativity across sectors and fluid jobs.
March 11, 2014 |
Tylt Lab, a new Santa Monica venture capital firm, has raised $20 million for early-stage start-ups in Silicon Beach. The fund will support local entrepreneurs through seed to series A investments, Tylt said, estimating that this year it will be making 12 to 15 investments ranging from $50,000 to $2 million. The company said it focuses on "businesses disruptive to their industries," which include lifestyle products, mobile platforms and services, home automation, software-oriented transactions, consumer goods, clean tech, e- healthcare and entertainment.
March 9, 2014 |
Ask anyone about L.A. tech these days and they'll almost certainly point to Santa Monica and Venice, where hundreds of start-ups have emerged in the last few years. So-called Silicon Beach is home to Snapchat, sizable Google and Microsoft offices, and a growing number of venture capital firms and co-working spaces. Almost every night, tech entrepreneurs flock to networking happy hours and parties. Potential investors flock to demo days that showcase the latest start-ups. When BlackBerry Chief Executive John Chen and Google Executive Chairman Eric Schmidt came to town last week, it was for a glitzy tech confab in Santa Monica.
February 27, 2014 |
SAN FRANCISCO -- Has class warfare come to the exclusive Silicon Valley enclave of Atherton? In the Lindenwood neighborhood, where average home prices exceed $7 million, vandals last week spray-painted black graffiti targeting the “1%” on walls, garage doors, a gate, a car, even white picket fences. "Most people think this is a one-time thing, but I wouldn't be surprised if security-camera companies are doing a lot of business right now," Vice Mayor Rick DeGolia told the San Francisco Chronicle . "I think everyone's hoping this doesn't happen again.
CALIFORNIA | LOCAL
February 8, 2014 |
Though he lived in a region known worldwide for hyper-enthusiastic, round-the-clock innovating, Walter Cottle Lester wasn't a big fan of change. As Silicon Valley's subdivisions and office buildings surged around the farm his family had started more than a century before, he refused to sell. Reclusive and soft-spoken, he turned down potential earnings as high as $500 million. Instead, he arranged to donate his spread, the last big farm in the city of San Jose and one of the last in the sprawling Silicon Valley, for public use as a historic park.