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schadenfreude
Peter Thiel's Richer Than You, But Not as Rich as He'd Like You to Think
It's one of many casually accepted, unchecked assumptions in Silicon Valley: Peter Thiel, the cofounder of PayPal and Facebook investor, is a billionaire, right? Leaked documents from his hedge fund, Clarium Capital, show he's not. More » -
new york, minute
New funding for New York wantrepreneurs
Michael Bloomberg, the mayor of some city on the East Coast with good nightlife but lousy conditions for startups, has unveiled a $2 million fund for companies doomed to failure by their thoughtlessly poor choice of location. Why doesn't he just give the would-be founders plane tickets to San Francisco and a deposit on a SoMa loft office? That seems easier. [Silicon Alley Insider] -
new york, minute
Silicon Alley 100 a bunch of old white guys
Silicon Alley Insider decided to revive one of Jason Calacanis's oldest traditions and produce a Silicon Alley 100. In doing so, the blog run by disgraced tech stock analyst Henry Blodget just proves the thoroughgoing irrelevance of the exercise. The editors' No. 1 man in New York? Mayor Michael Bloomberg. Some other highlights among the old, the rich and the boring? AOL topper Randy Falco, IAC's Barry Diller and Jupitermedia's Alan Meckler. The closest SAI comes to someone we care about is VC blogger Fred Wilson — a moneyman, not an entrepreneur. As in Calacanis's time, New York is where ideas come to be financed, repackaged, and marketed — not invented. -
nerdspotting
Facebook's Mark Zuckerberg meets with New York's Mayor Bloomberg
A tipster tells us Facebook CEO Mark Zuckerberg is meeting with New York City Mayor Michael Bloomberg right now! Is Zuckerberg still wearing closed-toe shoes? Anyone got a cameraphone? Send pics! -
your privacy is an illusion
New York City builds a ring of superfluous surveillance
What's up with the CCTV lovefest? It's already been established that surveillance cameras aren't all that effective when it comes to crime-fighting. Following Chicago's lead, New York City mayor Michael Bloomberg says he's looking to emulate the "ring of steel" — cameras and road barriers — that London devised to fend off IRA bombings. Bloomberg brushes off all the privacy hubbub by saying, "We are under surveillance all the time." You're naive to think otherwise. Your privacy is an illusion, much like your security. What we want to be a bit less private, though, is who's making bank off this urban paranoia. More »
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