Liz Gannes

Recent Posts by Liz Gannes

Stanford Grants $3.6M to StartX Accelerator

Stanford University, the educational institution most closely affiliated with technology startups, is making a direct investment in StartX, a nonprofit, four-year-old startup accelerator for Stanford affiliates. Stanford is also creating an uncapped fund to invest in companies that emerge from the program. Graduates from StartX include WifiSlam (bought by Apple for about $20 million for indoor location) and Clinkle (raised $25 million for mobile payments).


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work