OK, so it’s not much to write home about. But with SolarWinds opening moderately well today and OpenTable set to price imminently, there are at least some signs that things are improving. Changyou, Rosetta Stone and Digital Globe all closed up on their first trading days recently, which is the sort of performance that brings IPO investors out of hiding.
So who will be next? Read more
Google’s European Zeitgeist event this year has been nicknamed “the Royal one” as it was attended not only by the usual business heavyweights like Vivendi’s Jean-Bernard Lévy and Richard Branson but by Prince Charles of the UK, Crown Prince Haakon of Norway and Prince Philip of Spain.
The presence of royalty is not as strange as it might initially seem. Much of Zeitgeist revolves around discussions on how to save the planet, and this is a project that many otherwise under-employed European royals have embraced.
Perhaps these aristocrats also see a kindred spirit in Google, the king of the internet. Oh if only it weren’t for those tedious elected governments, those dull regulations, how much easier it would be to make the world work better. Read more
The FT’s editorial page turns its eye towards internet law and finds that “just as the law should be no looser or tighter on the internet, the enforcement of the law should be no less transparent, open and accountable.”
The world wide web is not the world’s wild west. Internet law is incomplete and faces practical hurdles which it will take time and thought to overcome. Lord Mandelson, the UK business secretary, was right to be wary this week about clumsy government proposals to impose age ratings on websites. But jurists must not give up on the rule of law on the internet. Read more
For the FT’s Business Life page, David Gelles looks at the opportunities and challenges for foreign-born entrepreneurs in Silicon Valley.
Today, Silicon Valley – perhaps more than any other region in America – is a magnet for educated immigrants. With its intellectual capital, high-tech resources and rich coffers, the region is uniquely suited to produce important, profitable companies. “Silicon Valley is an environment that allows people to act on their entrepreneurial instincts with much more success than other parts of the world,” says AnnaLee Saxenian, dean of UC Berkeley’s School of Information and the author of Silicon Valley’s New Immigrant Entrepreneurs. “There is a whole infrastructure for entrepreneurship.” Read more