Silicon Valley may still be the capital of technology with a mix of new (Google, Facebook) and old (Apple, HP) sprinkling the landscape. However, Silicon Valley isn’t the only place to grow technology innovators from the ground up. Los Angeles has seen its own startup scene develop with Silicon Beach, which stretches between Santa Monica and Playa Vista.
The U.S. Senate on May 6 passed the third version of Senate Bill 743, otherwise known as the Marketplace Fairness Act, which requires consumers to pay sales tax on all Internet purchases. How does this affect the growing crowdfunding industry? Initially, it affects reward-based crowdfunding because the moment anyone takes money in exchange for an item, the transaction becomes subject to sales tax.
Silicon Valley-based an entrepreneur and VC, Karl Mehta has launched Code For India (CFI) to empower the country’s citizens to actively participate in improving their communities. Themed “Think Local, Hack Global”, Code For India based in Mountain View, CA and Bangalore, India and wants to inspire millions of techies to volunteer their time and talent to give back to their communities and to the developing world.
The concept was simple; rent out an old boy scout campsite deep in the redwood forest of Northern California and give adults the chance to play and connect like kids again, sans technology. It was catchy and immediately went viral complete with a tweet from Arianna Huffington herself, coverage from CNN and Canada’s national news service. Tech bloggers spread the story with glee, and the website was tweeted and shared so much that camp sold out minutes after tickets were released. In this over-stimulated multi-screen world, a summer camp for adults to get grounded hit a collective nerve.