Wednesday, June 22, 2011

Silicon Valley Buying Up D.C. Insiders

Larry Summers, the former Treasury Secretary and chief economic adviser to President Obama, has joined the board of Square, the technology startup.

This follows a number of other recent D.C. hires in Silicon Valley. According to Dealbook:
Facebook hired Joel Kaplan, a former member of President George W. Bush’s White House staff, to lead its Washington office. Other notable political insiders at Facebook include its general counsel, Ted Ullyot, a former clerk for Supreme Court Justice Antonin Scalia and chief operating officer Sheryl Sandberg, a former chief of staff to then Treasury secretary, Larry Summers.
It is a sad day in America when the creative, technological savvy Silicon Valley types need to hire D.C. protection, or worse, use the D.C. access to hinder competition.


  1. Well, running to the government is what you do when you're worried that your IPO bonanza might not materialize.

  2. "There's no business, like show business, like no business I know"

    If you have ever known an actor, then you would soon find that they are puddy in the hands of those who have the money, as well as those that pull the strings. The only difference between show business and political business is that one of them directly affects my life, while the other propagandizes the masses who affect my life.