<![CDATA[Gawker: valleywag, threadless]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, threadless]]> http://gawker.com/tag/valleywag/threadless http://gawker.com/tag/valleywag/threadless <![CDATA[Do You Trust These People to Save the Economy?]]> That White House summit of young business leaders actually happened. We know because our new economic saviors are posting their cameraphone pics on Twitter. Here's noted thought leader Ivanka Trump and Twitter founder Ev Williams.

We're still waiting for a more thorough after action report, but for now, here's TOMS Chief Shoe Giver (yes, that's his actual title) Blake Mycoskie, who blogs this comforting thought, "The administration really does want our input, each gave their personal email addresses and encouraged dialogue."

According to CNET's Caroline McCarthy, other attendees included "Kluster founder Ben Kaufman, Zappos founder Tony Hsieh, Toms Shoes founder Blake Mycoskie, Threadless exec Jake Nickell, marketer Josh Spear, former Googler Chris Sacca, and the one everyone's making the jokes about—Twitter co-founder Evan Williams."

Below, some more visual evidence.


Mycoskie and Threadless founder and Chief Strategy Officer Jake Nickell.


Trump and Zappos CEO Tony Hsieh, who, now that he's done saving the economy, will be appearing on Celebrity Apprentice this Sunday.

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<![CDATA[Obama's Tech Twit Conference Will Destroy Us All]]> The nation is in crisis, our economy on the brink. And yet President Change is spending time with a group of technowastrels whose sole noteworthy accomplishment has been to spend other people's money.

The group is ringled by ragingly egocentric former Google peon Chris Sacca. It also includes Twitter CEO Ev Williams; Josh Spear, the "youngest marketing strategist in the world"; and Jake Nickell, the "chief strategy officer" of online T-shirt vendor Threadless. (In Silicon Valley, when board members are not prepared to fire a founder outright, they often give him a meaningless title involving "strategy.")

It's one thing for the Valley's moneymen to maintain the polite pretense that the twentysomething entrepreneurs they fund are brilliant creators whose searing intelligence makes up for their inexperience, naïveté, and general ineptness. After all, if they pretend long enough, they can peddle whatever shlocky website their protégés have cooked up to an even more gullible private-equity investor or mutual-fund manager. 'Twas ever thus. We call this scam "venture capital," and in good years, it is mildly profitable.

Let's review: Williams's company isn't even trying to make money. Spear is a social media marketer — in other word, someone who gets paid to chat with his friends online all day. Nickell clothes the indolent hipsters of Brooklyn.

And Sacca? He's the worst of all. In five years at Google, he never rose higher than the level of manager, despite an assiduous track record of sucking up to CEO Eric Schmidt. People assume that he's rich from having joined Google before its IPO — yet as he once defensively whined to me in an email, he actually isn't. So this is someone who managed to be present at the greatest wealth-creating event of our decade and yet failed to actually make money. He is now advising startups.

For Barack Obama to take these lackbrains' advice when the world needs saving? This is an outrage on the scale of the bank bailout. Perhaps he thinks there's some photo-op value in being pictured with so many young, hip types — proof that as old American industries die, new, Twittery ones are being born. But these companies won't create meaningful numbers of jobs. At best, they'll make some VCs rich by flipping them to some unlucky buyer. At worst, they'll go spectacularly bankrupt. Inevitably, that photo of Obama and the twits will surface as news of their failure breaks. Stop this meeting, someone, before they taint our most perfect president forever!

The horror is, of course, unfolding in real time on Twitter. Avert your eyes.

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<![CDATA[Threadless gets a new CEO, users react: "^5!"]]> ThreadlessCEO.jpgVirgin Mobile and EMI veteran Tom Ryan, most recently kept on the entepreneurial dole by Bessemer Venture Partners, will join Chicago-based SkinnyCorp, the parent of online T-shirt company Threadless, as its CEO, founder Jake Nickell writes on the company blog. In response, users commented: "^5!" which, according to Google, means "high five!" in hipster. Silicon Alley Insider reports that Threadless earns annual revenues of $20 million off of just 20 employees. The site keeps costs so low by having the users design the products, typically fanciful T-shirts that look good when worn with Chuck Taylors and posted to Tumblr.

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<![CDATA[Rackspace customers apologize for the downtime]]> RackspaceThere are a lot of posts popping up from various Rackspace customers apologizing to their customers and readers for the Web host's downtime caused by an errant truck. Here is a selection:

37signals
Will be using this situation as both a wake-up call and a learning experience. While our systems are engineered to chug through major failure, this "perfect storm" chain of events beat both our set-up and our data center's sophisticated back-up systems. We will work hard to further diversify our systems in order to make an future downtime event like this even more rare.

Threadless

As you noticed Threadless took a little nap this evening. Apparently a truck jumped a railing and attacked our data center. I think their may have even been an explosion. I hope so.

Laughing Squid
This is the first time we have had power outage like this in the 9 years that we have been in hosting (8 of which at Rackspace).
And here's Rackspace's public response:
Rackspace
*crickets*

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<![CDATA[Guy Kawasaki: male model]]> Guy Kawasaki, former Apple evangelist and startup investor, now embattled founder of the belittled Truemors and shameless self-promoter, knows how to keep his options open in case the rumor-voting site does not work out. Guy Kawasaki: male t-shirt model. [Photo: Threadless T-shirts]

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