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Twitter pays engineer $10 mln as Silicon Valley tussles for talent

Twitter Senior Vice President of Engineering Christopher Fry raked in $10.3 million last year, just behind Twitter CEO Dick Costolo‘s $11.5 million, Reuters reports. Welcome to Silicon Valley, where a shortage of top engineering talent amid an explosion of venture capital-backed startups is inflating paychecks.

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Second-Guessing SecondMarket

This week, the CEO of SecondMarket, the secondary market for illiquid assets, traveled to the World Economic Forum in Davos, where SecondMarket was given a “technology pioneer” award. The distinction didn’t come as a surprise to anyone in Silicon Valley. In the process of fueling the celebrity of companies like Facebook and Zynga, whose secondary […]

Quote of the Day

I chatted earlier today with Venky Ganesan of Globespan Capital Partners, and much as we all watch with fascination as the venture industry is downsized, Ganesan had an astute observation about the growing number of “walking dead” venture firms: “Fundraising is turning out to be an enormous pain for most VCs, but things can turn around, […]

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