Global Themes

On Globalization & Venture Capital

The Dark Side of Silicon Valley…

I am not sure how many of you have read this piece before…I had (about three years ago and forgotten all about it) until I stumbled upon it again – completely by chance – in the middle of a hard-disk cleanup this weekend…

In 1999, in a background research that lasted over 10 months, San Francisco Chronicle staff writers Reynolds Holding and William Carlsen investigated allegations of widespread legal and ethical misconduct in Silicon Valley.

The result of their work was this “series about the dark side of the Silicon Valley miracle.”

Starting with “Phantom Riches — Beneath glitter of SilValley, corruption and deception”, it detailed, “some of the most egregious cases of securities fraud, trade-secret theft and abuse of small entrepreneurs…”

This extraordinary account from almost 8 years ago… “is a story about greed and hubris, about high-powered executives and boardroom dealmakers who operate with flagrant contempt for the rules of law and ethics.”

A long read…but truly engrossing…

Read on.

March 9th, 2007 Posted by | Entrepreneurship, Venture Capital | one comment

1 Comment »

  1. No wonder the bubble burst and it all crashed and burned soon after…

    As George Santayana said: those who do not remember history are condemned to repeat it.

    Thanks for sharing this.

    Comment by Shefaly Yogendra | March 10, 2007

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