Off Deadline: 'Unicorns,' 'angel investors' report should be expected/required reading | February 22, 2019 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

Spectrum - February 22, 2019

Off Deadline: 'Unicorns,' 'angel investors' report should be expected/required reading

by Jay Thorwaldson

A veritable "invasion of unicorns" bolstered by a surge of "angel investors" is hitting Silicon Valley big time this year, according to a new report detailing economic trends and reality in the region.

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Former Weekly Editor Jay Thorwaldson can be emailed at jaythor@well.com.

Comments

10 people like this
Posted by Anon
a resident of Evergreen Park
on Feb 22, 2019 at 8:38 am

If Hancock et al want high speed rail bringing workers to an even more jobs imbalanced Silicon Valley why don’t they pay for it ???
That provide a starting point on reality in development issues conversations


12 people like this
Posted by Annette
a resident of College Terrace
on Feb 22, 2019 at 11:04 am

Annette is a registered user.

Would any angel invest in a wanna-be unicorn that did not have a viable plan to support the proposed business? I doubt it. Yet we are asked to support growth that doesn't have the viable infrastructure to support it.

Who is kidding who here? Local governments should push back against unmitigated growth because it is they, not the companies with the jobs, that are going to be stuck with the problems attendant to unsupportable growth. We need to reset and stop making problems worse. Every new commercial project exacerbates the jobs:housing imbalance. There's no getting around that fact.

It's kinda like a person with clogged arteries having breakfast at Krispy Kreme, lunch at In-n-Out and dinner at McDonald's. Daily. The best move that person can make is to stop gorging on that which makes the problem worse. We need to do the same so that we can begin to remedy the very serious problems of housing insecurity and homelessness that the area's booming tech industry has created. It would be great if the region had the capacity to also minimize housing inconvenience, but I think that has to be lower on the priority list than homelessness and housing insecurity.


6 people like this
Posted by Thomas Paine
a resident of Leland Manor/Garland Drive
on Feb 22, 2019 at 12:41 pm

High speed rail as a commuter solution makes sense only if you use Bernie Sanders calculator. The latest estimate from a group of ex-World Bank experts is that a Fresno to Palo Alto high-speed rail project would cost around $70-90 billion IF it were done right. Done right means the appropriate use of tunnels and viaducts to minimize the environmental and social impacts of high-speed trains roaring through and dividing communities. Future growth in Silicon Valley will be slowed by the inability of people who serve the tech elite to find housing. It is a self-correcting system that does not need governmental intervention. When Google, Facebook, et al propose an annual $50,000 per employee tax on all large employers (500+ employees) We can then begin to discuss the fantasy put forth by Joint Venture Silicon Valley.


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