Spencer Gore’s Post

#OG's: 👉 These "Traitorous Eight" can be called the "Original Gangsters of Silicon Valley" and made the valley what it is today👈 📍 Eight employees left Shockley Semiconductor to found their own company named Fairchild - now part of ON Semiconductor and William Shockley named them the "Traitorous Eight". 📍 These eight employees are Julius Blank, Victor Grinich, Jean Hoerni, 'Gene Kleiner', Jay Last, 'Gordon Moore', 'Robert Noyce', and Sheldon Roberts. 📍 Led by Robert Noyce, the company introduced what has become a distinctly "Californian" style of management, complete with casual clothing and laid back atmosphere. 📍 After realizing the full potential of what the semiconductors can do to the world and to become super rich, the traitorous eight left Fairchild to found their own companies. 📍 Famously, Gordon Moore and Robert Noyce founded Intel. Eugene Kleiner founded Kleiner Perkins, America's most powerful venture capital firm. 📍 It is estimated by some that more than 400 companies can trace their roots to the Fairchild Semiconductor company, which was formed by "Fairchild Eight". 📍 This is a lasting impact these best minds made in the world, especially in silicon valley's culture and innovation. Kudos to them. #siliconvalley #culture #founders #startup #semiconductor

(cnbc.com): Austin Russell, 28, has an estimated net worth of $1.6 billion, due to the performance of his Orlando, Florida-based tech startup Luminar Technologies, which currently has a market cap of $2.4 billion. The company, which Russell founded 11 years ago as a teenager, develops hardware and software meant to power self-driving cars. Very few teenagers — or people in their 20s or 30s, for that matter — can launch and sustain that type of business. A Thiel Fellowship helped, giving Russell $100,000 to drop out of Stanford University and grow his company full-time. But rather than focusing on technological expertise or business acumen, Russell credits his journey so far to two traits common among younger generations: energy and passion. “People in their 20s have a lot of great energy,” Russell tells CNBC Make It. “They put a lot of passion [into] things and I’m certainly no exception to that. I probably take it to the extreme, and that’s very meaningful.” “I was like 16, 17 years old where I said ... ‘I have this vision of creating a new type of laser system that will allow cars to be able to drive themselves. And we’re going to beat out the Googles of this world, and all the major automakers, at their development efforts they’re going to put into this,’” Russell told Forbes in 2021, recalling the pitch he gave investors as a teenager. Today, Luminar has hundreds of employees. Your car may soon include its technology, if you drive a Mercedes-Benz or Volvo. Building such a company takes more than just passion and energy, Russell admits. https://lnkd.in/eCmagtvg TRIVIA: Austin Russell shares the same birthday (March 14th) with Albert Einstein.

Granovetter explains the phenomena that allowed the development of the Silicon Valley. In the article “Social Networks in Silicon Valley” he stresses the causes and conditions that influenced the creation, and development of the most influential innovation hub in the world. I.e. the specific institutional context, which cannot be easily reproduced in other regions. Understanding how Silicon Valley networks were built and how they correlate is essential in order to develop, and implement public policies pro-entrepreneurship. #granovetter #weaklinks #network #siliconvalley #innovation #entrepreneurship #publicpolicies

I think that Steve LeVine is reporting correctly and precisely on an important topic: the gaps between various technical or commercial claims made by various EV battery technology startups and the reality of technology adoption in the EV supply chain. It really does not matter how much cash is raised and at what valuation: no one can make a viable “baby” in four months instead of nine months (regardless of the amount of cash in the bank or the valuation). Even claims by Tesla about using metallurgical grade silicon in dry coated electrodes were overly optimistic. The only correct way to view the challenges (in my humble opinion) and to create a reasonable path to adoption is to understand three basic principles: (1) The incorporation of any new technology into the EV battery supply chain is a step-by-step journey of solving a myriad of problems and “learning by doing”. The technology stack for EV batteries is continuously evolving with stringent sets of specifications where everything is tuned up to increase performance, while reducing risks and costs. Too many claims are based on testing cells with specs that have nothing close to that of commercial cells. (2) The economics of EV batteries are completely different from that of other applications (whether consumer or eVTOL, etc.). The idea that new technologies can be introduced at a premium pricing and over time be broadly adopted is no longer reality. The economics must include comparison with global alternatives and must price the cost of capital, the cost of capital depreciation, and the costs of risks (whether failure risks or IP risks). (3) The only viable way for paving the way to broad adoption is collaboration with large industrial partners along the entire EV supply chain. Too many startups are trying to do too much by themselves. Focus is key, whether in terms of technical work or business development activities. A few areas of specialization and a few key industrial partners. Less is more. Just my 2 cents.

The Venture Capital industry may well be up for a groundbreaking Antitrust case. The industry already faces tumultuous disruption and the obligations of quasi-public VCs have also lacked performance. (See my prior post of 7/12/2023 - link in the comment below). "A new breed of predator is emerging in Silicon Valley." And the mechanism those predators are using to illegally dominate the market is venture capital itself." The dirty little secret that could bring down Big Tech | Business Insider 7/18/2023 HT Tanya Dua of LinkedIn  #VC #VentureCapital #Antitrust #Startups #Ecosytem #TechHartford New research reveals that Silicon Valley uses predatory pricing to crush competitors and scam investors — evidence the government can use to bust up tech monopolies. https://lnkd.in/eW5cMViD

Ever had a groundbreaking idea but hesitated to share it for fear of it being stolen? Worried about safeguarding your intellectual property while bringing your vision to life? At Designing Alley, we understand these concerns, and we're here to change the game. We prioritize your peace of mind by ensuring the utmost confidentiality and security of your intellectual property. Our commitment goes beyond words – we transfer complete ownership of the products we develop for our clients, empowering you to realize your dreams without compromise. Our vision is simple yet powerful: to empower every individual and organization to turn their ideas into reality. Whether you're a budding startup, a seasoned entrepreneur, or a forward-thinking corporation, Designing Alley is your trusted partner in innovation. With years of experience and a diverse portfolio of services spanning product design and development, PCB designing, software development, and more, we cater to a wide range of industries, including #healthcare , #automotive , #consumerelectronics, #aerospace, and beyond. Join us on this journey of transformation. Let's collaborate, innovate, and together, shape the future of technology and product development. 🚀 Ready to take the first step towards realizing your vision? Reach out to us today and let's embark on this exciting journey together! #DesigningAlley #Innovation #ProductDevelopment #EngineeringServices #FutureTech #entrepreneurship #pcbdesign #softwaredeveloper

Innovation Is Accelerating the Chicagoland Region's Manufacturing Ecosystem! Chicago's Near West Side is transforming into an innovation hub, and two remarkable operations are at the forefront of this exciting change. mHUB , a high-tech manufacturing incubator, and NanoGraf Corporation, a cutting-edge battery manufacturer, are expanding their footprint and creating jobs in the process. Here's why you should take note: 📈 mHUB's Growth: With a new 80,000 sq. ft. space, mHUB is set to boost innovation and job growth. Their mission? Advancing hardtech solutions that bridge engineering and software, making Chicago a hub for startups like NuCurrent and Sabanto. The future looks bright as mHUB anticipates a 50% increase in its workforce by 2026. ⚡ NanoGraf's Impact: NanoGraf is revolutionizing battery technology right here in Chicago, earning significant federal contracts and expanding its team. With a commitment to onshoring battery tech, they're at the forefront of power tools, electric cars, and more. Plus, they're doubling their workforce to 60 employees in just two years! 💡 Chicagoland's Manufacturing Momentum: These success stories are part of Chicago's growing reputation as a manufacturing and innovation hub. Manufacturers can source half their materials from the region, and with investments from companies like Gotion Inc., Lion Electric, and Rivian, that is certain to continue to grow. #ChicagoInnovation #ManufacturingMomentum #InnovationHub

Did you know that before the paper straw, people used to drink from rye reeds and other hollow grasses? The evolution of straws has a fascinating history! Discover how the invention of the artificial straw sparked a business startup, ultimately becoming the largest employer in the U.S. Capitol. It's proof that any idea, from its inception to production, can make a significant impact on the world. Curious about the potential of your ideas? Let's explore together! 💡 Join us at https://lnkd.in/gSzKbYsm Let's see how much of an impact your innovation can make. #thetptrmethod #patentdesign #iplaw #ideastocash