A Valley Of Shopkeepers
Welcome to the new Silicon Valley, where stocks are cheap, people are nervous, and everybody carries a flashlight. A year ago, venture capitalist John L. Doerr was bragging that we were witnessing the "largest legal creation of wealth in the history of the planet." Now, tech stocks are in the dumps, pink slips are flying, and those uberbooster VCs who got us into all this are off huddled somewhere counting their money, trying to ignore the dying bleats of the dot-coms they launched. And for your winter enjoyment, there's a fresh hell: rolling blackouts. Local radio announcers give the daily likelihood of power outages across our energy-strapped region in the same breath that they relate Nasdaq's daily jitters and earnings shortfalls. You hear these gloom indexes and think: Hey, what happened to our little reinvention-of-the-universe science project anyway?
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- Musk Dusts Off the Fundraising Playbook With Semi, Roadster Orders