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Silicon Valley according to Sarah Lacy

Tech-journalism's would-be leading-light on five of the biggest tech stories of 2012.

The News:
A pregnant Marissa Mayer is tapped to be Yahoo’s CEO.


Lacy’s Take:
Give the new [Yahoo] board credit for one thing: At least it’s not repeating mistakes of the past.... The stunning part isn’t that Yahoo wanted Mayer.... It’s that Mayer actually said yes.”


Market-Moving Quote:
“Other than [Yahoo] founder Jerry Yang, there is almost no one on the planet as well suited [as Mayer] to step in and immediately start making things better.” —Lacy paraphrasing VC god and Pando funder Marc Andreessen.

Full Disclosure:
Mayer’s husband, Zachary Bogue, is also a Pando investor.

The News:
It’s May 18, the day Facebook finally goes public.

Lacy’s Take:
“I don’t care if Facebook’s valuation goes to one gillion. It can go so high we have to make up numbers. It is still not a bubble because there is still not another Facebook in the pipeline.”

On Witnessing one of Mark Zuckerberg’s Hackathons:
“It was a total pig sty. I’m not sure if ideas hit people mid-pizza, but there were literally slices facedown on the floor. Fruit flies everywhere.”

Full Disclosure:
She has a product to hawk! “As our eBook on Facebook (on sale from Amazon, Apple, and Barnes and Noble!) discusses at length...”

The News:
The New York Times reports that San Francisco mayor Ed Lee is angel investor Ron Conway’s well-funded political puppet.

Lacy’s Take:
Only in this “overly progressive madhouse” where “people threaten to spit on a coffee cart because it is too successful” could a mayor be vilified for wooing Twitter and Zynga. She’d go on, but “it’s past midnight and I just put a baby to bed who’ll be awake again in a few hours.”

Possibly Naïve Reasoning: “
Why would Conway so constantly publicly endorse and appear with Lee if there was something nefarious going on?”

Full Disclosure:
“I mostly wrote this because [some guy named] Brian Lam asked repeatedly on Twitter. I realize taking personal requests isn’t a sustainable way to build an audience, but never let it be said that I don’t aim to please each and every reader.” Also, Conway’s firm is a Pando investor, and Conway recently roped Lacy into moderating a Chamber of Commerce event.

The News:
AOL is rumored to be looking to sell TechCrunch and Endgadget for $70 million to $100 million.

Market-Moving Quote:
“We’re just having fun and spending AOL’s money while we can,” an anonymous TechCrunchie tells Lacy.

Inside Dope:
Pando was approached by a potential TechCrunch suitor about making a bid for the site, but Lacy says she passed.

Full Disclosure:
Oy, where to start? After opining that AOL needs Michael Arrington to rejoin TechCrunch in order to sell it, Lacy writes, “We reached out to Michael Arrington, who gave us the following response on the condition we quoted him in full: ‘I don’t know anything. No one tells me anything. I am not in the least bit interested [in buying back TechCrunch]. I was Team Pando all the way until Sarah Lacy fired me.’”

The News:
Everyone won’t stop talking about Bravo’s new reality show Silicon Valley, produced by Randi Zuckerberg.

Lacy’s Take:
Not only is the show trashy, it’s “dangerous.... Once done, this injection of cultural frivolity will not be undone for a long time.”

Thought that Keeps Her up at Night:
“The exact people we don’t want in Silicon Valley will be the ones who love it. They’ll eat it up like candy. They’ll suddenly think startups are easy and fun and flock here in Wall Street–like droves.... Now people will flood here not just looking for easy money but something even less meaningful: easy fame.”

READ FULL STORY: It Ain't Easy Being Queen