Covering Silicon Valley: An Introduction Winter 2015 1.6.15 Class 1 CLASS Themes & Goals • How to cover the technology beat. • Explore business basics in context of SV players and public companies located in Stanford’s back yard. • Understand current SV trends and ecosystem. • Keep abreast of the news. • Stories: Breaking news, earnings, IPO, M&A, document, conference coverage, trend/profile, enterprise, multimedia. THE TECH BEAT A foreign language? Credibility New vocabulary • Requires care to build. Rules & Regulations • Be mindful: Business execs know more than you do. Requires math (sometimes) Agencies: SEC Access: How to navigate? • Gap: Between what they see and what you report. • Execs: 49% accuracy rate vs. Journalists: 84% Covering Technology: The basics Where do tech reporters work? • The “business” or “science” desk • SV or SF Bureau • Coverage expands to important news and analysis about business, economics, society, politics. • Tech journalists: Often pioneers of new gadgets; point the way we (the people) might work in the future. Who Are they? Influential technology journalists Scott Dadich Wired Michael Lewis John Markoff NYT Malcolm Gladwell New Yorker Kara Swisher & Walt Mossberg ReCode James Surowiecki New Yorker LA Times Class Alumni • THE WALL STREET JOURNAL: Riva Gold (2012), Kathleen Chaykowski (2012); Alexandra Wexler (2011), Georgia Wells (2011); • THE NEW YORK TIMES: Nicole Perlroth (2007) • MARKETWATCH: Laura He (2007) • BLOOMBERG: Joseph Ciolli (20110), Ketaki Gokhale (2009) • FORBES: Ryan Mac (2010) • Re/Code: Eric Johnson (2012), Vjeran Pavic (2014), Lauren Goode (2014) • Vice News: Drake Martinet (2010) • Google: Stacie Chan (2010), Oliver Chiang (2009) • DropBox: Sara Lannin (2011) • Morgan Stanley: Tracy Vu (2014) Inside the technology beat • Personal technologies: gadgets/high-tech “stuff” consumers depend on. (Walt Mossberg) • Technology companies: create and market new technologies / economic impact of these innovations. (WSJ) • Social impact/trends: How new information and communications technologies change the way we work/live. (Markoff: cultural/social trends; Wired: big ideas) • People: Creators, promoters and marketers of popular technologies. (Forbes/Fortune) Tech Coverage Also Includes: • Economics: Who’s making money? Or not. • Financiers: Venture Capitalists • Marketing, engineering, management executives. Where is Silicon Valley? Silicon Valley: A geography, a place, a mindset. Where to start when parachuting in? How to tackle this beat? • People: Build sources over time • Documents / Reports • Field Visits/Conferences/ Association Meetings Technology Sources: People Sources: PR ACCESS • Outcast Communications • Hatch Agency • Wagner Edstrom • Sard Verbinnen • BrewPR • Third Point • Brunswick Group • Weber Shandwick • SparkPR • Internal? External? Who’s Who? Documents/Reports: Silicon Valley 150 Forbes.COM Conferences It’s a region, geography, a place, a mindset… CLASS Themes & Goals • How to cover the technology beat. • Explore business basics in context of SV players and public companies located in Stanford’s back yard. • Understand current SV trends and ecosystem. • Keep abreast of the news. • Stories: Breaking news, earnings, IPO, M&A, document, conference coverage, trend/profile, enterprise, multimedia.