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" For all the billions of dollars created here, Silicon Valley is remarkably stingy when it comes to giving. "
Sarah Lacy
Silicon
Valley
Stingy
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" It's happening: Lou Dobbs' dream come true and Silicon Valley's worst nightmare. We're already seeing the reverse brain drain as smart immigrants take their U.S. educations and experience building companies and creating technology back to their home countries. "
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" As smartphones have allowed us to have our computers, emails, social media feeds, and a full surveillance system in our pockets at all times, stories of the law enforcement's unease with that have been popping up in the press. And of course, the ones that become viral videos aren't exactly flattering for law enforcement. "
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" Everything about Mark Zuckerberg is pure hacker. Hackers don't take realities of the world for granted; they seek to break and rebuild what they don't like. They seek to outsmart the world. "
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Like
" I am a huge fan of using social media to connect with people because I think there was this 'ivory tower' aspect of journalism where people might read a byline for years but have no idea about the person who was behind it and never get to communicate with them or ask them a question. "
Sarah Lacy
Media
I Am
Think
" If Mark Zuckerberg doesn't understand something, it's not defeat. It's not even something he has to accept. It's merely a challenge he needs to engineer his way out of, and that includes human emotions and relationships. "
Sarah Lacy
Way
Defeat
Challenge
" I always want to have San Francisco as my home and my base. I'm a business reporter - that's what I do and what I enjoy - and I don't know another place on the planet that would be as fascinating to cover. "
Sarah Lacy
Home
Business
Enjoy
" What's awesome about the Internet is how it breaks up monopolistic markets where middlemen unfairly gobble up outsized fees, leaving us little choice but to keep paying them. "
Sarah Lacy
Choice
Internet
Leaving
" It's almost a cliche that great Silicon Valley entrepreneurs don't go sit on a beach when they make a lot of money; they get back to work building another company or at least investing in other people's companies. "
Sarah Lacy
Back
Great
Money
" Like patents - which also seek to protect the little guy - unions were started for all the right reasons. But like patents, they can be twisted into something that hurts innovation, competition, and ultimately consumers and the country as a whole. "
Sarah Lacy
Country
Innovation
Right
" The thought for a long time was that banks needed to be too controlled, too regulated to be turned over to the Wild West of the Net. Then the credit meltdown hit, and we saw just how reckless these so-called safe and regulated institutions were. "
Sarah Lacy
Long Time
Thought
Time
" Unions inherently create an 'us versus them' dynamic that makes winning against a company's management the top goal, not serving customers, innovating, or in the case of education, teaching kids. "
Sarah Lacy
Winning
Goal
Education
" It's a great story for us whenever an entrepreneur makes a crazy amount of money and we get to tell the world about it. For the entrepreneur? Not so much. Hitherto unknown relatives, entrepreneurs seeking angel investments, money managers and supposed baby-mamas all come out of the woodwork with dollar signs in their eyes. "
Sarah Lacy
Story
Money
Great
" The best entrepreneurs know when to ignore sage advice. "
Sarah Lacy
Know
Sage
Advice
" My husband and I own half a dozen iPods, a Mac desktop, and four Mac laptops. We're clearly fans of Mr. Jobs' work. "
Sarah Lacy
Own
Husband
Work
" The biggest barrier to starting a company isn't ideas, funding or experience. It's excuses. "
Sarah Lacy
Excuses
Ideas
Experience
" A lot of Americans desperately want to believe that China is full of poor people who can't innovate, and the only goods they make are cheap, toxic rip-offs our Western brands. They want to believe the only reason the Chinese economy is surging is because the West wants cheap goods and China knows how to make them that way. "
Sarah Lacy
People
Reason
Poor
" You know that American dream and American spirit of innovation we always talk about? Turns out, the bulk of it was built by people who came to America from somewhere else, not people born American. We have no birthright or natural lock on these things. "
Sarah Lacy
Know
Innovation
People
" Lesson to would-be fame seekers: It's not really a new world when it comes to celebrity. There are no shortcuts. It's still talent, perseverance and hard work. Even the speed and reach of the Net can't create lasting value and income overnight. "
Sarah Lacy
Perseverance
Hard Work
Work
" I don't care if Facebook's valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline. "
Sarah Lacy
Bubble
Because
Numbers
" I've been reading a lot about Silicon Valley history recently and was struck by just how core the lack of unions has been to the American tech industry's evolution. It's enabled the constant creative destruction that keeps Silicon Valley relevant and thriving in a rapidly changing world. "
Sarah Lacy
World
Core
Creative
" Get a lawyer to look at your contract or beware. Because no company - evil or not - is going to do it for you. "
Sarah Lacy
You
Lawyer
Company
" As I've written before, China's ability to be the assembly line to the world wasn't where its role in the global economy ended; it was where it began. An ability to make products cheaper than anywhere else gave way to an ability to make high end products more nimbly than anywhere else. "
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Line
World
Economy
" One of the great ironies of the social media era is that some of the least social people in the world created it. "
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World
Some
Social Media
" What created Silicon Valley was a culture of openness, and there is no future to Silicon Valley without it. "
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Valley
Without
Culture
" Dying venture firms are like the walking dead. They can have years of staggering around with stakes in still active portfolio companies, hoping they're still holding a lottery ticket that could put them back in the game. If not, they just slowly wind down. "
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Back
Wind
Down
" I'm not really comfortable unless there's some kind of risk - either physical or mental. "
Sarah Lacy
Mental
Some
Comfortable
" Being in Silicon Valley is like playing for the Yankees. You get knocked around more than anywhere else, the glare of the media spotlight is more brutal, and the expectations are higher than they'd be in any other city. "
Sarah Lacy
Expectations
Yankees
City
" The one thing I didn't do that was kind of controversial was go work for a daily paper, because I didn't like that kind of journalism, and I'm glad I didn't because that's the business model that's going totally extinct. "
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Business
Work
Kind
" Few people would doubt that Mark Zuckerberg would build a great product. But I, at least, would never have expected him to become so great at hiring, motivating, managing, and ultimately getting whatever it is his company needs from people. "
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People
Build
Company
" One of the nice things about being a private company is operating without the intensity of public glare. It's hard to grow a company under a microscope of constant second guessing. "
Sarah Lacy
Company
Without
Nice