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[...] The tech industry owes a huge debt to the financial sector. Wolfe is eager to depict Silicon Valley as the new New York, but much of the money that funds venture-capital firms comes from investors who made their fortunes on Wall Street. (The tech industry also owes a great debt to “Main Stree…

If technology belongs to the people only insofar as the people are consumers, we beneficiaries had better believe that luminaries and pioneers did something so outrageously, so individually innovative that the concentration of capital at the top is deserved. When founders pitch their companies, or …

[...] Portraying Silicon Valley’s powerful as “uber-nerds” who struck it rich is as reductive and unhelpful as referring to technology that integrates personal payment information and location tracking as “little buttons.” The effect is not only to protect them behind the shield of presumed harmles…

[...] In 2012, new start-ups were flush with money and the tech sphere was overwhelmed by ardent media coverage; the verb disrupt was elbowing its way into vernacular prominence and had not yet become a cliché. Facebook’s IPO was not only record-setting but a flag in the ground, and the West Coast …