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Here's the story behind how Silicon Valley got its name

Silicon Valley's name was coined in the 1970s by electronic tabloid reporter Don Hoefler, who heard the phrase "Silicon Valley" during a business lunch.  Hoefler published a series of columns detailing the valley's semiconductor industry under the title "Silicon Valley USA." Hoefler is recognized as one of the first people to write about Silicon Valley as its own distinct community. 

 

Silicon Valley is a household name, a hit TV series, and a term that's synonymous with some of the world's most innovator players and products in technology.

But when did we start calling Silicon Valley "Silicon Valley"? And what does the "silicon" part refer to, anyways?


Take a look inside the Boeing factory where it builds its most iconic jets (BA)

Boeing's Everett, Washington facility is one of the largest buildings in the world. It's where Boeing builds the 747, 767, 777, and 787 Dreamliner. Business Insider took a tour of the 777 and 787 production lines in October.

The Boeing 777 and the 787 Dreamliner are two of hottest selling wide-body airliners in the world. The dynamic duo has effectively supplanted the iconic 747 jumbo jet as the Boeing's go-to plane for long-haul flying.

At Boeing's Everett, Washington fact0ry, the two are also built side-by-side. Everett isn't Boeing's only factory. The 737 is built nearby in Renton, Washington while the 787-10 is produced exclusively in North Charleston, South Carolina.


11 wild predictions Elon Musk has made about the future (TSLA)

Killer robots, electric jets, and living on Mars. 

These are just a few of the things that Tesla and SpaceX CEO Elon Musk says the future holds. 

Here's a look at some of his boldest predictions about what's to come. 

All forms of transport will eventually become electric.

Excluding rockets, Musk said he is convinced that all vehicles will eventually be electric.

“Aircraft and ships and all other forms of transport will go fully electric. Not half electric, but fully electric. No question,” Musk said during an interview with Marketplace in 2015.


Netflix's holiday movie 'A Christmas Prince' is good dumb fun — but its portrayal of journalism is outrageous

Netflix's "A Christmas Prince" is the streaming service's attempt at a Christmas movie like those you see on Lifetime and Hallmark. It is silly, but fun. The most absurd aspect is the way journalists are portrayed, so we pointed out all the times when the protagonist violates the most basic ethical standards of journalism.  Don't assume that journalism is what you see in "A Christmas Prince," please.

 

"A Christmas Prince" is Netflix's fun (and dumb) attempt at a Lifetime Christmas movie, but it represents journalism in a ridiculous way.

"A Christmas Prince" follows Amber, a young journalist in a dead-end job at a publication called Now Beat that is some sort of mix between Vice, Vogue, and Us Weekly. Amber, who loves Christmas, is sent to the fictional country of Aldovia the week of Christmas to report on the playboy Prince Richard, who looks a bit like Patrick Wilson.


THE $10 BILLION CLUB: Meet the most valuable startups in the US

Over the past several years, we've seen a rise in private companies valued at more than one billion dollars — the so-called "unicorns."

But when too many startups became unicorns, a new class of startups emerged: "decacorns,"companies valued at more than $10 billion.

These are the Ubers and Airbnbs of the world; the startups that steadfastly remain private companies as they load up with hundreds of millions of dollars in funding at ever higher valuations.

With help from Pitchbook, we've compiled a list of the US startups valued at more than $10 billion by private investors. Whether they eventually go public, or stay privately held, these companies already have a huge influence on the tech industry.

Here are the seven most valuable startups in the US:

7. Dropbox

The 'electronic privacy case of the century' is now in court, and it could redefine your right to privacy

The Supreme Court is re-examining American rights to digital privacy in a case that has been described as the most important electronic privacy case of the 21st century. The court's ruling, which takes place in June, will determine whether or not law enforcement must acquire warrants when accessing geolocational data emitted by cell phones.  If the case is lost, it could transform digital privacy and allow for closer government surveillance. 

 

The Supreme Court is re-examining American rights to digital privacy in a hallmark case that's been called the most important electronic privacy case of the 21st century.


The richest people in the world pay everyone from nannies to chefs to keep their household running smoothly — and it can cost millions of dollars a year

Whether you run a company or a household, time is often your most valuable resource.

For those who can afford to, hiring help — from assistants to nannies to chauffeurs — can make life a lot easier.

Business Insider spoke with David Youdovin, the founder and CEO of Hire Society, a recruitment firm that helps high-net-worth individuals and families in New York City, the Hamptons, and Palm Beach, staff their homes and businesses.

"The vast majority of our clients are the .01% — they have multiple homes, domestic aircraft, and several members of domestic staff," said Youdovin, who worked as a butler and estate manager for a billionaire family before founding Hire Society in 2012.


London fintech business WorldRemit raises $40 million

WorldRemit raises $40 million (£29.7 million) "Series C" from LeapFrog Investments, Accel Partners, and Technology Crossover Ventures. The money will be put towards global expansion, with WorldRemit targeting 10 million customers by 2020.

LONDON — Mobile money transfer service WorldRemit has raised $40 million (£29.7 million) from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures.

WorldRemit announced the "Series C" fundraising on Thursday. It takes the total raised by the London-headquartered company to $220 million (£163.8 million).

Sources close to the deal said WorldRemit was valued at just under £500 million in the round, almost 50% more than its last valuation in 2015, which was £330 million.


Why people don't work on their cars anymore
Posted December 9, 2017 0:31 AM
Why people don't work on their cars anymore

A publisher of repair manuals reports that owners are discouraged by plastic engine covers. The CEO provides some amusing alternative uses for the covers. Covers can be removed without voiding a car's warranty.

You can still purchase guides to fixing your car, and Haynes Manuals will be happy to sell them to you.

But the company asked customers what's keeping from getting under the hood — the survey was "informal" — and the answer wasn't surprising.

That hunk of plastic covering the engine.

"You won't fix what you can't see," J Haynes, CEO of Haynes Publishing said in a statement.

"Most people don't realize that removing a few simple screws will provide easy access to undercover workings of their engine and allow them to work on their own cars and save lots of hard-earned money," he added. "We say there's no need to fear the plastic engine cover." 


Amazon customers are furious that some holiday orders are delayed — and it reveals a glaring limitation of Prime membership (AMZN)

Some Amazon Prime members are voicing frustrations that their orders are not shipping immediately.  Prime benefits entitle members to two-day shipping, but the time it takes for packages to ship can vary. This misunderstanding has led to some blowback from customers, as the sheer volume of orders has meant that some packages are not shipping as quickly as they used to. 

 

This holiday season, some Amazon customers are learning the limits of their Prime benefits firsthand.

Many are complaining to the company on Twitter that their orders are taking too long to ship during the holiday crunch, and they're questioning why their two-day shipping benefit — a plus of being a Prime member — isn't seeming to help.