Like most small, inbred communities, Silicon Valley encourages and thrives on gossip, even when it’s of little substance. In popular-speak, Valley gossip has a “low signal to noise ratio,” but the rumor mill is vibrantly alive despite that shortcoming — partly due to venture capitalists, whose efforts parallel the day-to-day business of technology. For VCs looking to capture and monetize any opportunity, rumors are the steaming entrails of IT — worthy of close and usually messy analyses. Plus, vendors themselves spend time in the rumor mill.
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Rumor vs. Reality in Silicon Valley, Part 1
Posted by: Charles King March 25, 2014 05:57 AMLike most small, inbred communities, Silicon Valley encourages and thrives on gossip, even when it’s of little substance. In popular-speak, Valley gossip has a “low signal to noise ratio,” but the rumor mill is vibrantly alive despite that shortcoming — partly due to venture capitalists, whose efforts parallel the day-to-day business of technology. For VCs looking to capture and monetize any opportunity, rumors are the steaming entrails of IT — worthy of close and usually messy analyses. Plus, vendors themselves spend time in the rumor mill.