Sarah Lacy

Sarah Lacy
Sarah Lacy writes for PandoDaily, a news site which she founded.She is also an award winning journalist and author of two critically acclaimed books, "Once You're Lucky, Twice You're Good: The Rebirth of Silicon Valley and the Rise of Web 2.0" (Gotham Books, May 2008) and "Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos (Wiley, February 2011). Lacy has been a reporter in Silicon Valley for nearly fifteen years, covering everything from the tiniest startups to the largest public companies. She was formerly a staff writer and columnist for BusinessWeek, the founding co-host of Yahoo Finance's Tech Ticker, and a senior editor at TechCrunch. She lives in San Francisco. CrunchBase profile →

Latest from Sarah Lacy

  • The New Silicon Valley Douchebag

    Anyone who was in the Valley during the late 1990s knows exactly the guy I’m about to describe. He wore blue shirts and khakis. He was a regular at the Bubble Lounge. He always insisted on grabbing the check, throwing down the dot com AmEx for everyone’s drinks, making sure everyone knew he did and later bragging about dropping “several C notes last night.” He was… Read More

  • BeachMint Raises $23.5M at a Rumored $150M Valuation

    Up until now, ecommerce valuations have been relatively reasonable compared to social media valuations. As Aileen Lee of Kleiner Perkins and Kevin Ryan of Gilt Group discussed on stage at Disrupt, there’s resistance for these companies’ prices to get too out of control because frequently the margins are tight and scaling up takes time and investment. Also, ecommerce companies have… Read More

  • Uber Out-Maths Google on NYC ETAs

    Most of the big social media and app companies are pretty light on hard-core technology. Happy to stand on the shoulders of the tech giants that came before, many focus instead of features, design and UI. This enrages the kind of hardcore math nerds that used to rule the Valley. Well, they have a new geeky mascot: Uber. Uber only scales and survives with hardcore mathematicians on staff. Among… Read More

  • Crash This Party and See Nerds Mating in the Wild

    It’s been well documented that there aren’t as many women working in Silicon Valley and technology companies as we’d all like. Moving the conversation beyond raising awareness about this thing we’re all aware of, Kleiner Perkins’ partner Aileen Lee recently wrote a smart guest post for us arguing the business case for why Valley companies and VCs should be… Read More

  • Yawn: How Did Big Tech Companies Turn into Big Boring Banks?

    Yawn: How Did Big Tech Companies Turn into Big Boring Banks?

    If you are reading TechCrunch you probably already realize this fact: Flavor-of-the-month consumer Internet companies have a way of hogging the spotlight. If you didn’t, we conveniently published some evidence of it yesterday. But that reality predates us by at least a decade. In 1999 when the world talked about Silicon Valley, they usually meant sexy dot coms. In 2005 when people… Read More

  • You Spent How Much? Groupon Restructures International Operations as Mason Goes to China

    You Spent How Much? Groupon Restructures International Operations as Mason Goes to China

    I am in Chicago where I was supposed to be having dinner with Groupon CEO Andrew Mason last night, a dinner planned more than a month ago when I bought my plane ticket. Instead, he has suddenly decided to go to China. It was bad news for me, but good news for anyone looking to buy shares in the company. Also good news: TechCrunch has learned that Groupon’s sprawling, costly… Read More

  • Hornik on VC's Secondary Mania: "If It's Just Money, We're All Fungible" (TCTV)

    August Capital was doing very late stage deals when most VCs refused to. And its early 2000 era buyout of Seagate was one of the better returns in the firm’s history. So why is it mostly sitting out this round of late-stage mega-deal mania? In the final segment of our Ask a VC on the road with David Hornik, he explains why the answer to missing out on Facebook early isn’t dumping… Read More

  • Hornik on Blippy: "Apparently I Was More Interested in Sharing Credit Card Purchases than the Average Person" (TCTV)

    Let’s be honest: One of the reasons David Hornik actually agreed to be on camera at All Things D is that he didn’t have a startup about to file to go public any second. So we talked about some of his more high profile investments that haven’t always lived up to the hype. Hornik explains why reports of Blippy’s death have been greatly exaggerated, and why he says the… Read More

  • David Hornik: Why Real Entrepreneurs Aren't in it for the Money (TCTV)

    We haven’t done Ask a VC for a while thanks to my hectic travel schedule, so I pulled David Hornik out of the hallway at D to catch up on his thoughts on his portfolio and the industry. But first, we chat about the highlights from the All Things Digital conference. Or we started with that and then talked about how the motivation for starting companies is changing in Silicon Valley, given… Read More

  • Revenge of the Travel Agent: Jetsetter Announces Travel Planning Service (And Discounts for TechCrunch Readers)

    A few days ago at the All Things D conference, Marc Andreessen predicted that every wacky 1999 dot com business that failed would one day find success in a new incarnation. But what about businesses those dot coms killed? Jetsetter is launching a personal travel planning service today that is essentially a travel agent 2.0. Thankfully, the earlier iteration of online travel sites so decimated… Read More

  • Note to Self: If the Halls Clear at Conferences, IPOs Are Near

    In Silicon Valley the terms of venture capital deals, the prices of valuations and the real stories of ousters are routinely dished, whether they always show up in the press or not. Sure it’s all off the record or on background or whispered at a coffee shop, but people who live here love what they do and when companies and valuations grow this quickly, it’s hard to keep the… Read More

  • Twitter Ads: "The Perfect Wet Dream of Every Marketer." So Why Are There Only 600 Advertisers?

    Dick Costolo just wrapped up his keynote at All Things D. It wasn’t livestreamed, so for those of you who missed out, there were some interesting tidbits about user numbers, defense of Twitter’s stewardship of its developer community and some hints about the ad business. Rather than any newsy bombshells, my biggest takeaway was what I’ve written before about Twitter’s… Read More

  • Backstage Pass: Bing Gordon on What EA Needs to Do to Survive (TCTV)

    We’re continuing to highlight some of our favorite moments from the many hours of backstage content live-streamed during Disrupt last week. One of my favorite sit-downs was with Bing Gordon, general partner of Kleiner Perkins. A fireside chat with Gordon is always…unique. We didn’t get poetry this time, but we had a fascinating talk about how the cost of entertainment has… Read More

  • Eric Schmidt Is a Surprisingly Worried Man

    Eric Schmidt Is a Surprisingly Worried Man

    It was a surprising way to kick off a technology conference at a moment in time where any piece of news– big or small– cues up the BUBBLE-OR-NOT Greek chorus of wailing and chest beating. Tech valuations, while almost universally sky-high, are nowhere near as high as the paranoia that we’re in a bubble. Or worse: The fear that you aren’t on the record having called this… Read More

  • Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ Valuation

    Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ Valuation

    According to several sources Airbnb is in the process of closing a whopper of a funding round: $100 million or more at a $1 billion-plus valuation. The round is being lead by Andreessen Horowitz, and includes participation from DST, say our sources. That’s a big increase from the company’s last funding round of $7.2 million, which included Sequoia Capital, Greylock, SV Angel… Read More

  • SV Angel Partners with Lerer Ventures to Cross Syndicate Valley/NYC Deals

    SV Angel Partners with Lerer Ventures to Cross Syndicate Valley/NYC Deals

    Yesterday, Mike broke the news on stage at Disrupt that SV Angel is doubling down with Yuri Milner once again to invest in all willing Y Combinator grads. Today, SV Angel is announcing another partnership, this time Ron Conway & crew are looking east. SV Angel and Lerer Ventures– which also announced a new fund yesterday– will announce today that the two are entering a… Read More

  • David Lee and Ron Conway Bust Entrepreneur Myths on Stage at Disrupt

    Entrepreneurs are inherently individuals, so rolling their experiences up into trends isn’t easy. That’s made worse because 95% of the returns come from 5% of the companies. So what everyone does, doesn’t really matter. It’s what that 5% does that really matters. David Lee and Ron Conway of SV Angel has done a deep dive into the top of the top of their portfolio and… Read More

  • Ron Conway and David Lee Hint at New Fund. By "Hint" I Mean Mike Breaks Their News For Them

    Here’s the awful thing about having Mike Arrington as an investor in your fund. You don’t get to control over when you announce it. Arrington is on stage with Ron Conway and David Lee of SV Angels right now, and he’s being a bulldog in the best sense of the world. He asked about the firm’s new fund and Lee said “We aren’t supposed to comment on it, so no… Read More

  • Kleiner Perkins Invests $15M in Rent the Runway

    Rent the Runway’s slogan might as well be: Friends don’t let friends wear H&M to the most important events in their lives. The company solves the perennial “closet full of clothes and yet nothing to wear” problem that most women face, by allowing them to rent designer clothes for a big event for about 10% of the price. It’s clearly a problem women have. Read More

  • Lerer Ventures Raises Second $25M Seed Fund for NYC Startups

    Lerer Ventures Raises Second $25M Seed Fund for NYC Startups

    As we kickoff of our second annual TechCrunch Disrupt conference, we’re clearly not the only ones who think there’s a substantive ecosystem brewing here beneath all the hype and the froth; Lerer Ventures is announcing the closing of its second seed-stage venture fund today. The total is $25 million, mostly from friends, families and small family investment groups. The fund comes… Read More