Some call it “The Oscars of Silicon Valley.” This year, the glitzy, red carpet affair celebrated four Wonder Women: Megan Smith, Ann Winblad, Neri Oxman and Linda Rottenberg. Alison van Diggelen reports on SVForum’s Visionary Awards for the BBC World Service. What are the secrets of these Wonder Womens’ success, and what do they think needs done to bring more women into the tech field?
Here’s a transcript of our dialogue (edited for length and clarity):
Fergus Nicoll: Investigations reveal that women occupy only about 11% of Silicon Valley executive positions…and a tiny percentage of startups are owned by women. Are things going to change? Alison, you’ve been to an event to recognize talent in the sector…
Alison van Diggelen:Last week I attended Silicon Valley Forum’s Visionary Awards. SVForum is celebrating its 20th anniversary and unlike its usual male-dominated roster of honorees (Bill Gates, Vint Cerf, Elon Musk etc.), this year: three of its five honorees were female. I was curious to learn the secrets of their success, and what they think needs to be done to bring more women into the tech field. This is all in the context of Uber’s chief stepping down from the company this week – at least temporarily – and the company tacitly acknowledging that it needs to change what some are calling its toxic corporate culture for women. I was curious to learn the secrets of these Wonder Womens’ success, and what do they think needs to be done to bring more women into the tech field?
[Atmos: Crowd, music, welcome]
SVForum CEO, Denyse Cardozo: Good evening and welcome to the 20th anniversary Visionary Awards….
Alison van Diggelen: Just before she went onstage, I found tech pioneer Megan Smith surrounded by a group of adoring fans. She was President Obama’s Chief Technology Officer and now she’s back from DC her rockstar status is soaring among the technorati. You might even call her Silicon Valley’s Wonder Woman. Tall and forceful, she oozes enthusiasm and credits the valley’s unique ecosystem for her success.
Megan Smith: One of the things I’m going to talk about tonight is this “apprentice- journeyman-master” and Silicon Valley is so good at that. We learn from those who have gone before. I was mentored here in this community by extraordinary people…
Alison van Diggelen: Notably, her list is all men. Women make up less than 15% of most tech companies’ technical teams. Why so few?
Megan Smith: We have this strange idea that there’s technical people and non-technical people and it’s a very un-useful cultural problem: stereotyping…The truth is women and men, people of color from every corner of the earth have been doing extraordinary, heroic and technical things and sometimes the stories get lost…
Alison van Diggelen: Smith blames story tellers for ignoring the significant contributions of women at Bletchley Park, at Apple and at NASA. Although she praises the recent “Hidden Figures” movie for finally highlighting the female heroes at NASA during the space race. Ann Winblad echoes the need to raise the profile of role models. She’s an influential venture capitalist in Silicon Valley and received her visionary award back in ‘99, alongside Bill Gates.
Ann Winblad:Women are not hidden figures in this industry. We’re honoring three really strong women tonight…….The more that we do things like these events where we show there are as many strong women to honor as strong men, it will enlighten women that there is a real opportunity.
Alison van Diggelen: Winblad reframes it in FOMO terms…Fear of missing out:
Ann Winblad: Six of the top ten highest valued companies in the world are tech companies…. We all know their names. For women they’re missing a huge opportunity if they don’t join the fastest growing, most exciting industry in the world.
Alison van Diggelen: Linda Rottenberg knows about huge opportunities. Her visionary award is for pioneering Silicon Valley’s high-impact entrepreneurship model around the world. She challenges women to be braver and bolder; and to break stereotypes:
Linda Rottenberg: Not all innovators are boys in hoodies in their 20s: People are going to be over 50, people are going to be women…Sometimes our view of entrepreneurship gets so narrow cast that we dismiss the talent and creativity right in our midst. The biggest risk is taking none at all….
Alison van Diggelen: Fellow visionary, Neri Oxman believes in risk-taking and passion. She’s an inventor and designer at MIT’s Media Lab, famed for her “material ecology” innovations.
Neri Oxman: It’s not easy to define a new field and to generate new technologies for the kinds of project that we are creating, so it requires a suspense of disbelief; and a willingness to fail…
Alison van Diggelen: For her part, Megan Smith is passionate to launch a new tech startup soon to continue her White House mission. She believes that her computer science initiative will help empower many school kids. Here’s President Obama promoting the program back in January 2016…
President Obama: I’ve got a plan to help make sure all our kids get an opportunity to learn computer science, especially girls and minorities. It’s called Computer Science For All. And it means just what it says – giving every student in America an early start at learning the skills they’ll need to get ahead in the new economy…to make sure all our young people can compete in a high-tech, global economy.
Alison van Diggelen: Smith challenges tech leaders for not doing enough to make diversity a top priority:
Megan Smith: It’s really outrageous and irresponsible for the leadership in tech…and it’s also bad for the bottom line. Research shows the more diverse the team, the better financial performance…We’ve got to field the whole human team …it’s especially urgent right now with the beginnings of Artificial Intelligence and data science.
Alison van Diggelen: Celebrating these strong role models – these Wonder Women in Silicon Valley – is one thing, but boosting the pipeline of candidates is vital. Across the US, only 18% of computer science and engineering students are women. As the evening winds down and Silicon Valley’s glitterati disperse into the balmy San Jose evening, Ann Winblad throws down the gauntlet to the next generation:
Ann Winblad: I encourage young women to get excited about science and to make those computer science classes, those engineering classes at least 50% women. If it got higher than 50%, women would OWN the tech industry.
The election of Donald Trump stunned the majority of people in Silicon Valley, but it also awakened many from their apolitical slumber. Today, leveraging technology is a key part of the national resistance movement. Alison van Diggelen, host of Fresh Dialoguesfound that Silicon Valley may be the epicenter of high tech, but old-school methods still have their place in the tech resistance, and techies are less partisan than you might expect.
(Photo credit: A young women protests at an immigration rally, by Chris Shipley/The First 100 Days Project)
“Good is going to come out of this difficult time. Too many people in Silicon Valley stood back from politics…it’s the context in which we’re building our businesses. We can’t continue to build democracy as if it’s all about capitalism and we can’t build capitalism without the context of democracy,” Chris Shipley, Founder The First 100 Days Project
Here’s a transcript of the report and discussion with Click’s host Gareth Mitchell and tech commentator, Bill Thompson (edited for length and clarity).
Gareth Mitchell: After 100 days (of Donald Trump’s presidency), what’s the view of the tech community? As Alison van Diggelen has been finding, attitudes aren’t quite as straightforward as you might think.
Mario Savio: There is a time when the operation of the machine becomes so odious, makes you so sick at heart that you can’t take part…and you’ve got to put your bodies upon the gears, and upon the levers, upon all the apparatus and you’ve got to make it stop!
Alison van Diggelen: That was Berkeley student activist Mario Savio in 1964. Once again, Berkeley has become a flashpoint of political protest. The election of Donald Trump left many people in Silicon Valley shocked and outraged. Coder, Nick O’Neill was dumbfounded last November. But by inauguration day, he’d found his voice. He launched an app called 5Calls that makes it easy for citizens to become political activists. His app has enabled over 1 million phone calls to members of Congress in all 50 states. In US politics, old fashioned phone calls are still the most effective leverage. Here’s O’Neill:
O’Neill: People have tweeted us: I’ve never called my representatives before…but because we made it so easy… we put the phone numbers, and the scripts and issues together in one place, that helped them get over that hump. They know exactly what the process is.
van Diggelen: O’Neill is just one of hundreds of Silicon Valley techies leveraging tech skills, and a startup mentality to create a resistance movement against the anti-immigration, anti-environment, anti-globalization stance of Trump’s administration. Apps and projects include: Tech Stands Up, Track Trump, Swing Left, and the Tech for Campaigns Project…
What made the tech community wake from its apolitical slumber?
(Photo: “President Trump…therefore we resist” Interview with 5Calls Founder, Nick O’Neill at the Thinkers Cafe in San Francisco)
O’Neill: All these people feel disenfranchised, a little bit helpless, and so we’re all trying to build things to see what sort of change can make….The tech approach is to jump first, build things and see if it sticks. It’s the ethos that runs behind tech…
van Diggelen: But not all tech reactions are partisan. At the Free Speech Movement Cafe on Berkeley’s campus, I met with Ash Bhat, a 20-year-old student. He explains how Trump’s rhetoric felt personal for many, especially his Muslim and undocumented classmates. But it was a violent demonstration against a right wing provocateur on campus that inspired him to act.
Bhat: It was depicted as a group of Berkeley students destroying their own school and that couldn’t be further from the truth. Anarchists came in, breaking windows… I remember being in my rhetoric class, going to WhiteHouse.org …looking through the source code and I was like: hey this looks pretty scrape-able.
van Diggelen: Bhat found he can “scrape” or extract data updates from the White House every time an executive order is signed. The Presidential Actions app launched and his team now boast of tens of thousands of users across the political spectrum. They’ve resisted partnerships with partisan groups.
(Photo: Ash Bhat and I discussed the power of resistance in the Free Speech Movement Cafe in Berkeley. It’s dedicated to Mario Savio, whose passion inspired thousands of students and activists worldwide)
Bhat: As someone in tech, it’s a responsibility for us to build software that helps inform the public… be compassionate towards both sides and provide unbiased bipartisan information. There’s a lot of talk about the resistance…my worry is being too tied to a polarized side just feeds the echo chamber. The people who’re afraid of tech will no longer listen to it…
van Diggelen: How will he ensure Presidential Actions information is unbiased?
Bhat: We’re taking the actual docs from the White House, first hand primary documents, we’re looking at summarization algorithms as opposed to subjectively summarizing contents… We want to be able to present the news to our users so that they can come to their political conclusions completely by themselves.
van Diggelen: But the tech resistance isn’t all bits and bites. Remarkably, old fashioned ink and paper is part of its arsenal.
Chris Shipley has advised over 1500 startups in Silicon Valley. After the Women’s March in Washington DC, she was inspired to create “The First 100 Days Project” to chronicle citizen activism in stunning visual images. Her Indiegogo campaign aims to make commemorative postcards and a book. Why so old-school?
(Photo: Chris Shipley’s project aims to support “at risk” organizations such as Planned Parenthood, The Environmental Defense Fund and arts organizations)
Shipley: There’s something ephemeral about digital media – it a wonderful expression, a wonderful reach, but then we go to the next url and we’re on to something else. A book, a postcard, something you can hold in your hands has this reminder effect..a book can sit on your table, someone can pick it up, flip through it and come back to it again and again, and be reminded of the conversations happening in DC, in SF and Seattle, one march after another…
van Diggelen: But of course she’s leveraging technology via social media:
Shipley: Text msgs, IMs, Twitter, all social channels are ways of building awareness…allow the message to be amplified. It’s very gritty, hand to hand combat. If there’s a tech to get the message out, we’re going to use it.
van Diggelen: Shipley admits that her project is aimed at progressives, but is emphatic that they want to be heard and listen to the other side too…
Shipley: We’re in a really pivotal time. I’m a casual optimist, good is going to come out of this difficult time. Too many people in Silicon Valley stood back from politics…It’s the context in which we’re building our businesses. We can’t continue to build democracy as if it’s all about capitalism and we can’t build capitalism without the context of democracy.
Bill Thompson: A certain sector of the tech community has been enlivened by the election of Trump to deploy their skills. It’s always good when people get engaged in politics, but I’m reminded of Evgeny Morozov‘s book “To Save Everything Click Here” and part of me wonders how much real engagement these apps will get. There’s a danger of it descending into “clicktivism.” The app that encourages people to phone their representatives about issues that matter to them – on whatever side of the political fence you are – is a really important development there.
Gareth Mitchell: It’s a bit more active than clicking on something you agree with…you have to take some action…
Bill Thompson: Exactly. It’s not just “liking” something. It’s designed to take you through to be really engaged with politics. At a time when the U.S. does seem slightly fractured, it’s good to have things which encourage people to be politically active and argue for the things they believe in.
Gareth Mitchell: Yes, and follow people on Twitter with whom you don’t agree!
Imagine if you could help end homelessness with the click of a button. There’s an app for that! In Silicon Valley, despite the vast affluence and many tech millionaires, homelessness is a huge problem. With average home prices close to a $1 million and tiny flats renting for well over $1,000, making ends meet can be challenging; and for some people, just finding a roof over their heads is mission impossible.
“For those who are homeless and poverty stricken, it’s like having a life coach, a service provider and a trainer in the palm of their hands. There’s really something to teaching to fish…rather than giving fish…helping them be self sufficient rather than temporary handouts… We’re here trying to help in other ways that are more sustainable and that lead to a permanent resolution of the problem.” Karen Addato, Founder of Hi Tech Rover and ROVA app.
Alison van Diggelen: I’m here on the Hi Tech Rover, an RV (large camper van) that brings both the internet and a safety net to homeless people all over San Jose. Karen Addato (founder of the Hi Tech Rover and the ROVA app) and her volunteers offer an opportunity for homeless people to get off the streets and reboot their lives. They offer Internet training, help with online job applications, housing search, and even access to detox services.
Karen, where are we going right now?
Karen Addato: We’re in downtown San Jose, the Capital of Silicon Valley and we’re going to a couple of encampments under bridges, right here in the heart of town. One of them is on Woz Way…
Alison van Diggelen: Woz as in Steve Wozniak, cofounder of Apple and generous philanthropist here in Silicon Valley. Karen Addato is a vivacious single mom, a mortgage broker and executive director of the nonprofit: High Tech Rover. She used $7,000 of her savings to create this Rover Outreach Vehicle App prototype, ROVA for short.
Karen Addato: For those who are homeless and poverty stricken, it’s like having a life coach, a service provider and a trainer in the palm of their hands… when we’re not here helping them, they can stay on a pathway focused on upward mobility. They can get on to ROVA and press one button.. “I am seeking help.” Up comes a list of resources available for that gender and age group. We have a geo-tracker right here, so you can find out where they are…This tool will also help government officials, donors, and service providers figure out what’s needed and what’s not.
Alison van Diggelen: Connecting homeless people with jobs, training opportunities and relocation information are a key for Addato. Her brother Stevie was homeless in Boston, and she believes that those who supported his panhandling simply enabled his alcoholism and homelessness. Instead, she’s serious about connecting people to local services, and getting people off the streets for good.
Karen Addato: I’ve learned a lot in my time in the trenches working with this population…I’ve learned a lot through the life and tragic death of my brother…There’s really something to teaching to fish…rather than giving fish…helping them be self sufficient rather than temporary handouts… that in some ways is part of the problem. We’re here trying to help in other ways that are more sustainable and that lead to a permanent resolution of the problem.
Alison van Diggelen: The High Tech Rover – a huge camper van – is kitted out with desks and laptops. Addato and her volunteers take it to homeless camps around Silicon Valley.
Atmos: Sound of walking to homeless camp…traffic…
Alison van Diggelen: We make our way over rough ground to the confluence of Highways 280 and 87. Addato grabs her pepper spray, just in case. We find a half dozen scruffy tents stretched out along a concrete embankment. Below us: the Guadalupe River. Above us, although it’s midday, there’s a constant drone of heavy traffic.
Jason, whose name has been changed to protect his privacy, tells me he’s been homeless for 2 years. He’s 19 and working two jobs, earning between 11 and 17 dollars an hour…
Alison van Diggelen: You can’t get a decent roof over head with that?
Jason: Not in Silicon Valley, it’s too expensive…one bed’s like $1300, it’s crazy out here. Us teenagers, we need help. Not all of us want to be here forever.
Alison van Diggelen: Every morning, Jason has to find a place to shower and clean up for his service jobs. We tell him about Karen’s app. Would that be a useful tool?
Jason: That’s actually a very brilliant idea, because a lot of us actually have phones… I’ve actually wanted something like that. Keep helping!
Alison van Diggelen: I ask another young man, what would help him?
Charlie: San Jose needs to lower how much it costs to buy a house, their rents…you need to live with like three people, making at least $20 an hour to end up being able to have your own place in San Jose.
Alison van Diggelen: The ROVA app includes a database of over 700 low-income housing facilities in the county. Both young men plan to relocate out of state when they can afford it.
Like many in Silicon Valley, Addato dreams big and is seeking sponsorship from the tech community to launch her app, and create a whole fleet of High-Tech Rovers across the nation. She recently pitched her dream at the Apple campus and remains hopeful. The wider tech community is already tackling homeless via brainstorming hackathons; leveraging data-driven solutions and social media to spotlight community challenges. In Australia, an app called “Ask Izzy” already offers similar services to ROVA.
Irish immigrants have been in California since the gold rush days. On assignment for the BBC World Service, I went looking for the Irish in Silicon Valley and found that you can take the people out of Ireland – you can even take their pubs – but you can’t take Ireland out of the people….
Nevertheless, a new generation of Irish tech immigrants are less nostalgic for the past, and are redefining what being Irish means. They bond over mindset, not heritage; big dreams and an openness to new ideas and cultures. I started my quest at Trinity Cathedral in San Jose where a celebration of St Patrick’s Day and the San Jose-Dublin Sister City program was in full swing….
Here’s a transcript of my report (edited for length and clarity):
The report opens with traditional Irish singing by the Black Brothers Band “Green Among the Gold:“They played their jigs and reels beneath the skies of their new homeland, For Irish hands have woven strands of green among the gold.”
33 million U.S. residents claim Irish ancestry, that’s over four times the population of Ireland. With 2.5 Million, California has the highest Irish population of any state. It’s not surprising then that the Irish are making their mark on Silicon Valley…Is it the luck of the Irish, or something else?
Meet Eoghan (Owen) McCabe, CEO of Intercom, a fast-growing startup for business messaging. He and his three Irish cofounders have found a sense of belonging among the software and silicon of the valley.
Eoghan McCabe: One of the most magic things about this place is it does allow you to think big. We’re social beings, we’re all looking for the appreciation, respect, if not love of the people around us…
As well as working on something you’re passionate about, McCabe has this advice:
Eoghan McCabe: Work with people you love and know and respect…don’t try to rush the relationship.
He admits to a chip on his shoulder, an urgency to prove himself. How has being Irish helped him recruit, attract capital, and grow the business?
Eoghan McCabe: The humility goes a long way in the valley…there’s a lot of hubris, people are damn good at selling themselves. So it’s a breath of fresh air when people admit they’re flawed and they can’t predict the future and they might not succeed. That natural humility, that vulnerability, that honest approach goes a long long way…They want to be successful on the basis of their merits. What you don’t find often is people trying to play that Irish card.
Dave Burke, a Dubliner who’s now a VP at Google says his formula for success is seeking out challenges that are “uncomfortably exciting.” But does he seek out Irish techies for his 1000-strong team?
Dave Burke: We’re looking for not really the country culture, but the outlook and perspective culture: the energy, interest in making an impact, being smart. In tech… we want the best and brightest from all round the world, we want diversity…that’s antagonistic to the nationalist perspective. Nationalism looks backward, it looks unsustainable, it’s frightening… It doesn’t readily compute with people. Why wouldn’t you be open to new ideas and people?
But Burke acknowledges that some old traditions endure, especially on St Patrick’s Day.
Dave Burke: A meal of Guinness? Yes! [laughter]
Talking of drinks…Some immigrants were so determined to bring a wee bit of old Ireland to California, that’s literally what they did.
Marie O’Flaherty: This is an authentic Irish pub – it came on a boat from Ireland everything you see – the signs, pictures, the bar, the stools, everything….
Over 15 years ago, her late husband Ray O’Flaherty bought the pub in Dublin on a birthday whim. Today, it’s a landmark in Silicon Valley, and ground central for St Patrick’s Day festivities in the South Bay.
Alison van Diggelen: Is fearlessness part of the recipe for success?
Marie O’Flaherty: You have to have a lot of guts to take it on, self confidence to know whatever it is, you can do it…
Being open to new ideas, like embracing craft beers, keeps the pub popular with the “young uns” she says. The family business nurtures connections with Ireland and the world, through tourism, close links to the Silicon Valley Innovation Center & sporting ties…
Marie O’Flaherty: All the rugby teams…New Zealand did the haka up on the bar here…they drank 11 kegs of beer that night.
Having a heart of gold is also part of the Irish success story…
Marie O’Flaherty: See this poor soul here…He’s a homeless…they give him a drink and send him on his way…You have to just look out for everybody…
Oh Dublin can be heaven, with coffee at eleven, and a stroll down Stephen’s Green
No need to worry, no need to hurry…
If you don’t believe me:
Come and meet me there
In Dublin on a sunny summer’s morning…[laughter]
END of Report
Listen to the BBC Podcast or the audio above for a lively discussion with the BBC’s Roger Hearing and Bloomberg’s Nisid Hajari about the tech community in Silicon Valley; and how the President’s proposed travel ban is already having an impact on business and academia in the United States.
Check out the Fresh Dialogues Silicon Valley “World Series”
In the beginning…there was no word from Silicon Valley tech leaders on Donald Trump’s presidency, despite his kingly proclamations: Let there be Two Pipelines, Let there be a Wall…Let there not be TPP!
But on the seventh day, tech leaders arose against Trump’s dominion over them when his immigration order unleashed chaos for their people. And so, on the 16th day, they filed a legal brief saying the order inflicted “significant harm on American business, innovation and growth.”
Today in San Francisco a US Court of Appeals will decide oral arguments in the case: State of Washington et al. vs Donald J. Trump et al..
I joined the BBC World Service’s Business Matters last night to report on Silicon Valley’s furious reaction to Trump. Venture capitalist, Jean-Louis Gasse spoke for many in the valley:
“The danger with an administration or a president like Donald Trump is that he gives permission to lie…to be offensive, to be homophobic, to be xenophobic. Cultures are nothing but a system of permissions and those come from the top. When you see the President of the US lying – you have to stand up and say: it’s a lie!”Jean-Louis Gasse, Silicon Valley venture capitalist
Here’s a transcript of our conversation (edited for length and clarity) and a longer version of my report:
Fergus Nicoll: Donald Trump says he is pro-business. But a lot of businesses, it seems, are not pro-Trump. They’re certainly not in favor of his attempt to restrict immigration. Almost 100 mainly tech companies have filed an amicus brief arguing that the ban – already the subject of a separate legal process – inflicts significant harm on American business. Who’s signed up? Apple, Google, Microsoft, Facebook, Twitter and belatedly Tesla. I’ll hand over to Alison in a moment – but first, let’s hear from Emily Dreyfuss at the tech news website Wired in Boston.
Emily Dreyfuss: By some estimates, half of unicorn startups in America were founded by an immigrant. These big companies, Apple, Google, Facebook: they depend on H1-B visa holders. 85,000 H1-B visas go to the tech community every year in America. This is affecting their bottom line. Yes, there is some risk but I think these technology companies are calculating that together they are stronger which is why they’ve signed on to this amicus brief. I think what we’re seeing here is a clash of ideology and business acumen. In this instance, Trump saying he’s pro-business is actually just talk.
Fergus Nicoll: Is that a fair summary then, Alison…the way it’s seen on the west coast?
Alison van Diggelen: Trump is saying that he’s pro-business (and I believe he intends to be), but it looks like his immigration ban has not been thought through… as to the impact it’s going to have on business. It’s been severely criticized .
I’ve been closely watching Silicon Valley’s reaction to the Trump presidency since inauguration day. When Trump issued that immigration order some Silicon Valley leaders were compelled to break their silence and take action. It’s an issue that’s split the US in two. A CNN poll shows about 53% oppose the ban. But today Trump has said that negative polls about the travel ban are “fake news.” He accused the NY Times of making up stories and sources. So my report explores why Trump is getting under Silicon Valley’s skin via this travel ban and the role of lies and fake news.
The day after he was inaugurated, Silicon Valley took to the streets to protest. Tens of thousands of marchers carried placards saying “Stop the hate”; “Words Matter”, and “Never Again.” I asked Patrick Adams, a local science teacher…What’s your message for Trump?
Patrick Adams: Get out of the way…this is a tsunami, this is people who care deeply about what this country really stands for – which is inclusion and love and hope – it’s unstoppable. This idea: that the trickle down economics of neoliberalism and the strange backward thinking of racism is going to lead us to a better world? It’s not, it’s a dead end.
Alison van Diggelen: In the first week of Trump’s presidency, it appeared like “business as usual” here in SV. On day seven, Trump’s immigration order lit the fire under SV.
By day 10, protests had broken out at several tech campuses; and business leaders came out of their bunkers to voice concerns about the order’s morality, not just its economic impact. It was personal: almost 60% of Silicon Valley engineers are foreign born.
I spoke with Meg Whitman, CEO of Hewlett Packard Enterprise, a company born here in 1939:
Meg Whitman: Our view is that this was a mistake. We are a nation of immigrants and a broad-brush sweep of seven countries, of Muslims in those seven countries, is not what America is. So I hope that the president rethinks…
If you think of the innovation that’s been done in the valley over the last 75 years, much of it is from people who came here from someplace else … that’s an economic engine of the country and an economic engine of the world…
Alison van Diggelen: Alphabet’s chairman, Eric Schmidt even described the Trump administration actions as “evil” but many responses were muted.
I contacted companies, from oil to solar; from startups to Fortune 500, but many declined to talk, even LinkedIn cofounder Reid Hoffman who was an outspoken critic of candidate Trump. Why the silence?
Is it the prospect of Trump unleashing his Twitter followers? Kevin Surace, CEO at Appvance, a software company, sums it up:
Kevin Surace:No one wants the current leader of the free world to unleash something against them. And frankly as a CEO of a corporation, it’s your duty to your shareholders to not have the US government hate you…the last thing you want is the president saying: I’ve had it with your company, I’m going to slap tariffs on you…
Alison van Diggelen: Surace emphasizes that the stock market is up over 8% since the election and the Dow hit the symbolic 20,000 point milestone last month. Trump even hosted a “cordial” tech summit with many of the valley’s leaders. Three juicy carrots are now dangling their way: the prospect of infrastructure investment, a corporate tax cut and a huge tax break for the repatriation of $2.5 Trillion in corporate profits lying offshore.
Kevin Surace: If that all comes back to the US, it’ll be the biggest boom to the US economy, possibly ever. For the next 10 years, the economy will be on fire.
Alison van Diggelen: Nevertheless, venture capitalist, Jean-Louis Gasse addresses the disquiet in Silicon Valley. He points to H1-B visa concerns as well as a flood of uncertainties:
Jean-Louis Gasse: The stock market is up, up, up right now which we know could turn around on a dime…
It’s not good for biz to have too many uncertainties on immigration, on trade wars, on interest rates, on spending, on building a wall with Mexico…
Alison van Diggelen: Gasse was Steve Jobs’ right hand man when Apple first expanded into Europe. I asked him to sum up the Valley’s reaction to Trump:
Jean-Louis Gasse: They’re waking up to the fact that just like you need clean air and clean water… you need clean information for society to be healthy. It’s an issue of conscience for the people in tech to get up and say we’re going to fight fake news – especially the ones that stem from the top. The danger with an administration or a president like Donald Trump is that he gives permission to lie. … to be offensive…to be homophobic, to be xenophobic… Cultures are nothing but a system of permissions and those come from the top. When you see the President of the US lying – you have to stand up and say: it’s a lie!
Continues….
Check back soon for part II when we discuss:
Elon Musk’s role in Trump’s economic advisory council and why his decision to stay is so controversial, especially after Uber’s CEO stood down.
And Silicon Valley Leadership Group’s CEO Carl Guardino’s advice to Trump.