Silicon Valley renaissance man Peter Thiel donated another $1.7 million in January to a super PAC that backs Ron Paul, according to disclosure documents filed Monday.
Facebook nabbed one of the tech world's most admired leaders for a spot on its board: Netflix CEO Reed Hastings.
Investor Peter Thiel has generated attention by making some provocative claims about America's colleges and universities. Thiel has labeled U.S. higher education "a bubble in the classic sense," and believes that college degrees are "overvalued."
In the tech industry, college dropouts are legendary for eschewing education and founding billion-dollar companies. Not-as-famous but just-as-important are the college graduates that critically support these visionary founders.
Peter Thiel offers $100 thousand fellowships to drop out of school and start a business. CNN's Carol Costello reports.
Editor's note: This week FORTUNE is publishing excerpts from its favorite business books of 2010. We start with author David Kirkpatrick's book from May, about, as it turns out, TIME's 2010 Person of the Year. Check back each day this week for another excerpt.
Those lucky few with Facebook stock shares now own a whole bunch more.
On Day 52 of HP CEO Watch, leading candidate Todd Bradley took the stage at a San Francisco tech gathering Monday and walked straight into a grilling on the state of HP's leadership hunt.
If not for founder Mark Zuckerberg's stubborn streak, social-media pioneer Facebook might be just another part of a giant media or tech outfit today. Instead it's a giant on its own, with close to 500 million users, some $20 billion in market value, and millions of investors eagerly awaiting an IPO. For his new book, The Facebook Effect: the Inside Story of the Company That Is Connecting the World, Fortune contributor David Kirkpatrick gained unprecedented access to the company and Zuckerberg, who turns 26 this month. In this adapted excerpt, Kirkpatrick reveals Zuckerberg's turmoil as he resisted takeover offers from a parade of moguls.
California's current three-year water shortage is visible all across its increasingly parched, brown landscape. Silicon Valley-based venture capitalists are facing another kind of drought entirely.
In Silicon Valley, it's all about knowing the right people.
The heads-down, can-do entrepreneurs, and libertarian-minded financiers who populate the tech industry aren't typically the sorts to long for a government handout. But in the wake of the Treasury Department's $700-billion-plus rescue plan, Peter Thiel speaks for many when he asks a simple question: "What happened to the dot-com bailout?"
A door opens, and a blond man appears in a white jacket with large buttons. "Good morning," he says. "Peter's in back. Make yourself comfortable in the dining room. I'll be serving breakfast shortly."
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