Posts tagged “Vivek Wadhwa”
The next set of diversity dominoes that needs to fall is the venture-capital system, writes Vivek Wadhwa, a former Triangle tech entrepreneur turned academic and award-winning author. This is the bastion of sexism in the technology industry. It has encouraged the frat-boy behavior by investing public funds unwisely and appointing members of their boys' clubs to company boards.
In the 1980s, leading consultants were skeptical about cellular phones. McKinsey & Company noted that the handsets were heavy, batteries didn't last long, coverage was patchy, and the cost per minute was exorbitant. It predicted that in 20 years the total market size would be about 900,000 units, and advised AT&T to pull out. McKinsey was wrong, of course. There were more than 100 million cellular phones in use 2000; there are billions now. Costs have fallen so far that even the poor -- all over world -- can afford a cellular phone. The experts are saying the same about solar energy now. They are wrong.
"Innovating Women" went on sale in bookstores and online on Tuesday. It's the latest effort by Vivek Wadhwa, a former Triangle tech entrepreneur and now an academic, to bring attention to gender and racial inequity in Silicon Valley and the tech industry at large. In this post, Wadhwa, a native of India and a U.S. citizen, writes about his motivation.
Analysis: American businesses are ageing, as is the country; and this is bad for the economy, say Ian Hathaway and Robert Litan, of The Brookings Institution. They report that the share of older firms, aged 16 years or more, has increased from 23 percent in 1992 to 34 percent in 2011. Startups have become a smaller proportion of the economy, going from 15 percent to 8 percent. This is worrisome because young companies account for a disproportionate share of job growth and tend to be more innovative than older ones. The best remedy may not be what most people think it should be, writes Vivek Wadhwa.
Things are changing for the better. There is outrage at the sexism that is coming to light in Silicon Valley; solutions are being discussed and implemented; women are beginning to help each other; and the venture-capital system is looking at itself critically and mending its ways.
A few years ago, if you had asked me about Silicon Valley's gender imbalance, I would have wondered what planet you were from. That was until I moved to Silicon Valley and started noticing the gender composition of technology companies.
Vivek Wadhwa: Experts excel in looking backwards, protecting their turf, and saying what their clients want to hear. Their short-term predictions are sometimes right, but they are almost always wrong in forecasting any more-distant future.
Opinion: The recent influx of thousands of migrant children from Central America has highlighted the failure of reform efforts and gripped the nation's attention. This is a humanitarian crisis that must be resolved. But forgotten in the emotional debates over immigration are the more than one million legal, skilled immigrants who have been held hostage to political wrangling, writes WRAL TechWire contributor and former Triangle technology entrepreneur Vivek Wadhwa.
Within two decades, we will have almost unlimited energy, food, and clean water; advances in medicine will allow us to live longer and healthier lives; robots will drive our cars, manufacture our goods, and do our chores. The catch? There won't be much work for human beings, writes former Triangle entrepreneur turned academic and author Vivek Wadhwa.
Former Triangle tech entrepreneur Vivek Wadhwa, now an academic and an outspoken defender of immigration reform as well as increasing corporate diversity, blasts Twitter for how the company responded to its disclosure of abysmal minority employment statistics. "To say they are proud is disgusting," Wadhwa says - via Twitter.
Remember what drove Charles Lindbergh to fly across the Atlantic? Competition for prizes can drive significant innovation. Unlike traditional venture-capital firms, which back one idea, specific competitions inspire multiple solutions -- often leading to new industries. Such competitions do this by setting a specific target that several teams strive toward.
Many of the technologies that we saw in Star Trek are beginning to materialize, and ours may actually be better than Starfleet's. Best of all, we won't have to wait 300 years, writes former Triangle tech entrepreneur-turned-academic Vivek Wadhwa.
Vivek Wadhwa: We've built enough messaging and photo-sharing apps, and have bigger opportunities now. It is possible for the young and the old to solve real problems, to great effect. It is time for Silicon Valley to step up its game and graduate from the minor league.
Vivek Wadhwa: There are debates about whether comprehensive immigration reform is dead because of the defeat of House Majority Leader Eric Cantor in the primaries. The fact is that it never had any hope.
What industries will change and who the winners will be in this era of exponential technologies are uncertain. The only things that are certain are that we are in for dramatic changes, and that the old rules don't apply any more.
Opinion: The technology industry has been fighting hard not to reveal race and gender diversity data -- especially for its engineering teams -- because it has a lot to be embarrassed about. The technology industry simply must do more to diversify, says entrepreneur and author Vivek Wadhwa.
Opinion: Google has just done something that is shaking up Silicon Valley: it has disclosed its employment-diversity numbers. So far, other leading tech companies have refused to release these data, claiming that the secret was a matter of competitive advantage. Of course it was really about competitive embarrassment and shame.
Vivek Wadhwa blasts VCs in crowd for 'sexism, racism, and exclusion of the old' - and earns applause
Be it sexism, racism or ageism in the venture capital industry - both among the ranks of the professional investors and among the companies in which they invest - there is no louder or better-known critic these days that former Triangle entrepreneur Vivek Wadhwa. He entered the lions' den on Wednesday at the National Venture Capital Association's annual conference and delivered his characteristic no sacred cows barrage of criticism. To his surprise, he wasn't hit by a rotten tomato. In fact, he was applauded.