Posts tagged “Vivek Wadhwa”
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.
Opinion: A young male who was born to be an entrepreneur drops out from a computer-science program at a prestigious university. He meets a powerful venture capitalist who is so enamored with his idea that he gives him millions of dollars to build his technology. Then comes the multi-billion-dollar IPO. That's the Hollywood version of Silicon Valley. But it is as far from reality as is Disneyland.
Technologies are advancing so rapidly that most industry leaders will be fighting for survival before they know it. The challengers will come out of nowhere, possibly from start-ups in other industries. Note how Amazon.com, a technology company, disrupted bookstores; how Apple shook up the music industry; and how mapping apps on cellphones have displaced GPS devices. The technology industry is increasingly disrupting itself.
Opinion: Employers can get into legal trouble if they ask interviewees about their religion, sexual preference, or political affiliation. Yet they can use social media to filter out job applicants based on their beliefs, looks, and habits. Laws forbid lenders from discriminating on the basis of race, gender, and sexuality. Yet they can refuse to give a loan to people whose Facebook friends have bad payment histories, if their work histories on LinkedIn don't match their bios on Facebook, or if a computer algorithm judges them to be socially undesirable. These regulatory gaps exist because laws have not kept up with advances in technology.
Opinion: Oculus, the latest technology startup to be acquired for billions of dollars, was based not in Silicon Valley but in Irvine, Calif. Snapchat, which is rumored to be worth billions, is based in Los Angeles. The Los Angeles area is a good place to live and has great weather, but it has no real advantage as a technology center. These companies could have been based anywhere with equal success. You can't predict which technology hub the next Oculus will come from--or whether it will be a hub at all. Anyone anywhere--whether in an incubator, garage or tent--can now build world-changing technology.