Pouring into a silicone valley is common, but in some cases it is the only thing. Behind the scenes, Horwitz, a Wall Street Journal reporter, and Kang both told me they would get advice and documents only when they lost hope that they could make a change. So, in my experience, those who drip are not usually upset, but they are upset that their best work has been neglected and even ruined by dangerous leaders.
A senior Yahoo executive, frustrated by all the information I could find many years ago, asked me why I had left.
My answer – because she didn’t hear them – but she’s sure she heard it.
And when lawmakers start talking next week, they should all listen better.
China is moving on to Crypto
As I wrote recently, China is taking action on technology, and today it is taking a big step forward by hitting the fast-growing cryptocurrency industry. The People’s Bank of China posted a question and answer on its website stating that the use of digital currency is illegal.
You read that right – illegal.
“Financial institutions and non-bank payment institutions cannot provide services for transactions related to virtual currencies,” the central bank said. Earlier this year, China took control of cryptocurrencies.
It is a serious blow to the free trade, and it is a sign that the Chinese government will not tolerate anyone who has a significant social control mechanism. Not surprisingly, even Bitcoin, Ether, Litecoin and Dogecoin have declined. Companies in the crypto industry, including Coinbase, have also fallen.
Voices from the United States do not seem to be relatively simple. Earlier this week, Gary Jensler, chairman of the Securities and Exchange Commission, said at the Washington Post Virtual Forum: So in the meantime, I think it’s appropriate to have an investor protection system in place.