Obama hopes Silicon Valley investment will pay off

President Obama’s busy trip to Silicon Valley included a private fundraiser at the home of billionaire Marc Benioff, CEO of Salesforce.com, and a town hall meeting with Facebook chief executive Mark Zuckerberg at the Palo Alto, Calif. headquarters of the social networking firm. I felt his impact by getting stuck in the “Obama jam,” as the accompany traffic snarl in San Francisco was called.

Startup Fundraising 101

Back in 1998 during our first startup, ViewPlus, my co-founder (and close friend) Jimmy Kim and I went through the usual hardships of begging for money from friends and family, digging into our piggy banks and signing up for credit cards like they were lotto tickets.