Silicon Valley may no longer be the center of tech it once was, as companies like Amazon and Uber plan for a future around satellite offices.
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"I don't use a lot of Facebook products — any, actually," Twitter CEO Jack Dorsey said on a recent podcast.
Jack Dorsey said his strict diet, exercise, and meditation regimen is the result of taking on his second CEO position at Twitter.  During an appearance on "The Boardroom: Out of Office" podcast hosted by NBA star Kevin Durant's manager, Rich Kleiman, Dorsey was asked why he's willing to put up with the stress of running two companies, Twitter and Square.  Dorsey said he views the stress as a motivator and an opportunity to keep learning, but said it was also the catalyst for making major changes in his personal life.  "When I went back to Twitter and took on the second job, I got super-serious about meditation and I got really serious about just dedicating a lot more of my time and energy to working out and staying physically healthy and looking more critically at my diet," Dorsey said. "I had to. Just to stay above water." Dorsey's strict routine has been scrutinized in the past. He meditates for two hours each day and only eats one meal during weekdays before fasting all weekend.  Visit Business Insider's homepage for more stories. Serving as the CEO of two major corporations can add stress to anyone's plate — for Jack Dorsey, it was the catalyst he needed to make some major changes in his personal life.  The Twitter and Square CEO described that period during an appearance this week on "The Boardroom: Out of Office" podcast, hosted by Rich Kleiman, cofounder of Thirty Five Ventures and manager of NBA superstar Kevin Durant. Kleiman asked Dorsey about his wealth — which tops $7.7 billion — and why he's willing to put up with the stress of running two companies. "I don't really think about the money aspects of it, probably because all of my value is really tied up in these two companies," Dorsey said. "I have to sell shares in order to get access to any of that."  Dorsey said that he views the stress as a motivator and an opportunity to keep learning.  "I'm part of two companies that scaled doing completely different things, and I get to see this like, perspective in the world that I wouldn't have otherwise. It's just incredible," Dorsey said. "That's what really drives me and makes the stresses OK. It's also like, how to creatively adapt to all the new stresses. Every stress brings a new opportunity to bring on a new practice." Dorsey said taking the helm at Twitter again in 2015 — while simultaneously running payments company Square — was the catalyst for adopting a new diet and exercise regimen.  "When I went back to Twitter and took on the second job, I got super-serious about meditation and I got really serious about just dedicating a lot more of my time and energy to working out and staying physically healthy and looking more critically at my diet," Dorsey said. "I had to. Just to stay above water." Dorsey said that the added stress actually "made everything in my life better" and that he's grateful he took it on.  Dorsey is famous for having a regimented routine. He typically wakes up at 5 a.m., tries to meditate for two hours each day, and, prior to the coronavirus outbreak, walked to Twitter's headquarters every morning — a five-mile walk that Dorsey told Kleiman typically takes him an hour and 20 minutes.  In the past, Dorsey has experimented with different diets, including becoming a vegan and trying the Paleo diet. Most recently, however, Dorsey has been fasting, eating only one meal on weekdays and then fasting all weekend. The strict eating regimen has been scrutinized by those who worry that it sounds like an eating disorder. Regardless, Dorsey's stress-management routine has likely come in handy over the last five years, particularly in running Twitter. Most recently, Dorsey has had to fend off a near-ouster as CEO from activist investor Elliott Management and has taken a stand on tweets from President Donald Trump that violated Twitter's guidelines on glorifying violence and spreading misinformation about COVID-19.  You can listen to Dorsey's full conversation with Kleiman on "The Boardroom" podcast. SEE ALSO: Jack Dorsey explains why wanting to work 20 hours a day to be like Elon Musk is 'bulls---' Join the conversation about this story » NOW WATCH: We tested a machine that brews beer at the push of a button
Jack Dorsey said that Twitter was already working on "decentralizing" its workforce before the coronavirus outbreak hit.  Dorsey said the company has been working on the issue for "a year, if not two years" during an appearance on "The Boardroom: Out of Office" podcast this week.  "No one wants to move to San Francisco anymore, no one can afford to live in San Francisco anymore," Dorsey said.  Twitter was one of the first tech companies to close down its offices in March, and Dorsey has since announced that employees can work from home forever if they'd like.  Visit Business Insider's homepage for more stories. When the coronavirus began spreading in Northern California, Twitter was one of the first tech companies to close down its offices and tell employees they can work from home forever. But CEO Jack Dorsey said the plan to "decentralize" the company's offices has been in the works for a while.  During an appearance on "The Boardroom: Out of Office" podcast this week, host Rich Kleiman — cofounder of Thirty Five Ventures and manager of NBA superstar Kevin Durant — interviewed Dorsey about a range of topics, including what motivates him and how to avoid burnout while running two major corporations.  Kleiman and Dorsey discussed the future of the office and what a tech company should look like in the internet age. Dorsey said Twitter has been working "for a year, if not two years" around decentralizing the way employees work.  "The reason why is like, every entrepreneur I talk to that's doing something internet-related today, they're starting their companies not having an office, not having a headquarters, not having a requirement that everyone has to be in San Francisco," Dorsey said. "No one wants to move to San Francisco anymore, no one can afford to live in San Francisco anymore, so they're hiring people all over the country, all over the world."  Dorsey said that having a distributed workforce was "the whole promise of the internet" to begin with.  "It makes location irrelevant but yet here we are, an internet company, that's completely centralizing in San Francisco," Dorsey said. "We're not living up to the ideals of what the internet inspired us to be and what it can show."  Dorsey said the company wanted to make a change to the way its employees work as quickly as possible, so Twitter "took any reason to" institute a flexible policy — in this case, the coronavirus. Dorsey also seemed to criticize the government's response to the virus, saying that Twitter felt like it had to take on the responsibility of protecting its employees and the communities it works in.  "There's two bodies that can affect individual lives in a significant way and that is our governments and the place we work. And we took on that responsibility and just made sure that we were doing our part if our government wasn't going to," he said.  None of the major San Francisco Bay Area companies have sent employees back to work yet, with most saying employees can work from home until the end of the year. In Facebook's case, for example, CEO Mark Zuckerberg recently told employees that eventually as many as half of the company's employees would most likely work from home.  But if employees stay at home forever, many of them say they won't stay in the Bay Area. A recent survey from job-search database Hired found that more than 40% of Bay Area-based tech workers say they'd move to a less expensive city if they were asked to permanently work from home.  San Francisco is the priciest US city for homebuyers, and only 18% of households are able to afford to purchase a median-priced home in the region. And while San Francisco's median income is $112,376, anyone interested in buying a home in the city would need to make a salary of at least $172,153 to be able to afford the mortgage. Cost of living has become so high that even tech workers are struggling to afford it: a recent survey from workplace chat app Blind found that 70% of tech workers said they can't afford to buy a house in the Bay Area. SEE ALSO: Silicon Valley's open offices are probably over, thanks to the coronavirus — but they were always bad for employees anyway Join the conversation about this story » NOW WATCH: The rise and fall of Donald Trump's $365 million airline
Jack Dorsey is warning startup founders that they need to be concerned about burning themselves out.  Dorsey discussed burnout on a recent episode of "The Boardroom: Out of Office," a podcast hosted by Rich Kleiman, NBA superstar Kevin Durant's manager.  Dorsey warned that founders shouldn't try to emulate famous leaders they read about, using Tesla and SpaceX CEO Elon Musk as an example.  "Like, 'Success means I work 20 hours a day and I sleep four because that's what I read that Elon Musk does.' Which is bulls---," Dorsey said. Musk famously once worked 120 hour-weeks, though he has since scaled it back to more "manageable" 80- or 90-hour workweeks. Visit Business Insider's homepage for more stories. Jack Dorsey may run two publicly traded companies, but he doesn't believe in working all hours of the day to keep up.  The Twitter and Square CEO was a guest on "The Boardroom: Out of Office" this week, a podcast hosted by Rich Kleiman, cofounder of Thirty Five Ventures and manager of NBA superstar Kevin Durant. Dorsey discussed everything from his daily schedule to what motivates him to keep going to how to avoid burnout while running two major corporations.  Kleiman asked whether young startup founders need to be worried about burning themselves out, to which Dorsey replied: "100%." Dorsey said that the key to avoiding that feeling is to figure out what works for you instead of reading up on what's worked for other famous founders.  "I think being too rigid about having to work all hours, versus 'what is the work trying to teach me about what I need to do personally to maintain this level or to extend or go beyond this level' ... the latter is the mindset I want to have and what I would recommend," Dorsey said. He admitted that it's hard not to feel pressured by what other successful leaders are doing, but the key is to have self-awareness and to check in with how you're feeling. Working nonstop, he said, can "take options off the table" — you're so determined to work hard that you don't notice opportunities coming your way.  Dorsey used Elon Musk as an example of famous founders who others may try to emulate.  "Like, 'Success means I work 20 hours a day and I sleep four because that's what I read that Elon Musk does.' Which is bulls---," Dorsey said. "If you're only observing the outside world instead of like, your reaction to it, we're missing an opportunity to raise a bar in ourselves, which I think is the best way to grow — the only way to grow."  Musk famously told The New York Times in 2018 that he had begun working 120 hours per week — though he later scaled it back to a more "manageable" 80- to 90-hour workweek. And while overworking is detrimental to mental health, experts have warned that it can be dangerous for your physical health as well: the Centers for Disease Control and Prevention have found that working long hours can lead to cardiovascular disease, cancer, and suicide.  You can listen to Dorsey's full conversation with Kleiman on "The Boardroom" podcast. SEE ALSO: A history of the 30-year feud between Bill Gates and Steve Jobs, whose love-hate relationship spurred the success of Microsoft and Apple Join the conversation about this story » NOW WATCH: Why YETI coolers are so expensive
NBA champion and former Beats athlete Kevin Durant has a new headphones brand to call his own, literally, after buying a stake in New York’s Master & Dynamic.Announcing the partnership this week, Master & Dynamic CEO Jonathan Levine spoke with The Verge to lay out what we can expect, stressing that it’s much more than just a paid celebrity endorsement.Durant isn’t getting paid anything, for a start.According to Levine, the collaboration with Durant grew organically out of meetings between the two men and Durant’s longtime business partner Rich Kleiman.As an ESPN profile of Kevin Durant, titled “The Making of a Mogul,” makes clear, KD has developed a habit of getting financially involved with products and services he uses on a daily basis.One example was him buying a stake in Postmates in the summer of 2016, simply because he liked the service, and the M deal now is a similar effort to combine something he enjoys with a potentially lucrative payoff in the future.
Kevin Durant may be sidelined with a calf injury as his Golden State Warriors face the Portland Trailblazers in the Western Conference Finals of the NBA playoffs, but he's still making business moves.Thirty Five Ventures, the company Durant owns with sports business executive Rich Kleiman, has announced that it's become an equity partner in New York-based Master & Dynamic, an audio company known for well-crafted headphones featuring premium materials and excellent sound."In addition to having part ownership in Master & Dynamic, the full partnership will also see Durant and Thirty Five Ventures work with the company on creative, design and building out the intersection of sports and music," according to Master & Dynamic.Recently Master & Dynamic released its first noise-cancelling headphone, the MW65 ANC, and in June, the company says a special edition "Studio 35" version will hit stores in a color design that Durant selected.It's unclear what those colors will be and whether they'll offer any hints as to where Durant will play next year.He's a free agent at the end of the season and New York and Brooklyn are possible destinations -- or so Knicks and Nets fans hope.
One great example is NBA superstar Kevin Durant, who stars in a new video series called Fly By that launches today in partnership with LeBron James and Maverick Carter’s Uninterrupted platform, home of “The Shop,” a barbershop-themed show featuring James and other luminaries, and the media arm of Durant’s Thirty Five Ventures and Alaska Airlines.In the first episode, Durant and fellow Golden State Warriors teammate Quinn Cook explore their home city of San Francisco, visiting Mister Jiu’s restaurant and the legendary Hyde Street Studios in the Tenderloin.Noting the gravity of being in the Hyde Street Studios neighborhood, he said that watching a Janis Joplin documentary revealed a great deal of “culture and history” and that it made him “feel proud to be part of this community.”The short is highly-engaging and connects well to the Seattle-based airline, which is making a stronger push into the San Francisco market after the merger between Alaska Airlines and Virgin America.It also extends the relationship between Durant and the airline, which began last year with “Flight 35,” a program that flew 46 athletes from Los Angeles and Oakland to the Las Vegas Classic Bigfoot Hoops in a plane adorned with images of the league and NBA Finals MVP.“We knew going into this deal that we were going to look for unique ways to work together.”
ESPN Plus was rolled out last year as ESPN’s long-awaited streaming app, giving users access to a cornucopia of sports content including live matches and much more for just about everything from professional cricket to UFC.ESPN Plus is also the place for exclusive shows like The Boardroom, an all-new production that’s set to air only through this streaming service.The Boardroom is a sports- and business-focused show brought to ESPN Plus by Thirty Five Media, a company founded in 2017 by basketball superstar-turned-entrepreneur Kevin Durant (a man who should need no introduction to hoops fans).Durant, a two-time NBA Champion and Finals MVP, formed his new entertainment company to produce sports entertainment and other media across various platforms like YouTube and ESPN.The Boardroom on ESPN Plus is the company’s latest effort.The discussion panel-based show is hosted by Jay Williams and features Jordan Schultz, Rich Kleiman (the co-founder of Thirty Five Media) and, of course, Kevin Durant himself.
What started with an esports team is now quickly becoming an esports empire, backed by some of the biggest names in sports and money managers for entertainment family dynasties and Hollywood power brokers.Vision Esports LP, the esports conglomerate launched by Stratton Sclavos, Rick Fox and Amit Raizada has just closed on a $38 million investment from a host of investors led by the Creative Artists Agency and TPG Growth joint venture Evolution Media.“Evolution Media has spent several years advising and analyzing companies in the esports sector, and we’re particularly excited to partner with a world class management team led by Stratton, whom we’ve known since his days running Strikeforce and the San Jose Sharks,” said Rick Hess, founder and co-managing partner of Evolution Media, in a statement.We couldn’t be more bullish on the space and Vision’s market position.”NBA superstar Kevin Durant and Rich Kleiman’s Durant Company also came in to back Vision Esports along with Shamrock Holdings — the personal investment vehicle for the Walt Disney family; the St. Louis Cardinals baseball team; and New York Giants star wide receiver Odell Beckham Jr.The company’s roots stem from a now-apocryphal trip that Fox, an NBA all-star and actor, took with his son to see an esports game at Madison Square Garden.
Alaska Airlines has named full-service communications shop Translation its marketing partner in charge of leading and leveraging the airline’s long-term partnership with NBA superstar Kevin Durant.Translation will work alongside Alaska Airline’s lead creative agency, Mekanism.“We selected Translation because of their expertise working with world-class athletes like Kevin Durant,” said Natalie Bowman, managing director of Alaska Airlines’ marketing and advertising.“Our new campaign featuring Kevin will demonstrate our commitment to excellence and highest level of customer satisfaction.”Alaska Airlines announced the partnership with Durant in September, saying in a statement that the athlete would be working with the airline to support youth and education programs in the San Francisco Bay Area.The company noted that its late 2016 $2.6 billion acquisition of Virgin America and subsequent expansion in San Francisco played a significant role in its decision to team up with Durant, who plays for the Golden State Warriors.
YouTube announced today that it’s enlisted the help of basketball star Kevin Durant in a bid to expand original sports content.The Golden State Warriors small forward and business partner Rich Kleiman have signed on to develop programming centered around Durant and fellow professional athletes under the umbrella of their Thirty Five Media video business.As Durant and Kleiman put it during an appearance onstage at Disrupt last September, “We’d never have been introduced to a drone startup in Oklahoma City.”According to Kleiman, Durant began to take YouTube more seriously after meeting Neal Mohan at a Ben Horowitz-hosted party in honor of the basketball all-star’s 28th birthday.YouTube’s head of product introduced him to the platform’s potential for content delivery beyond the standard highlight reels he was accustomed to watching on the site.“Kevin always wanted to produce original content and wanted to produce shows, but we didn’t realize what direction it would take until then,” says Kleiman.
, which provides a digital platform to easily manage health savings accounts (HSAs), announced today that it has secured a $4.2 million seed round.Investors include Streamlined Ventures, Transmedia Capital, Y Combinator, SV Angel, PJC, The Durant Company (Kevin Durant and Rich Kleiman), Liquid 2 Ventures, Haystack Partners, and other angel investors.The San Francisco-based startup launched its platform in March after graduating from Y Combinator’s Winter 2017 batch.Lively helps employees better manage their HSAs by consolidating all the administrative and financial information onto one platform.While the goal of HSAs is to allow Americans to save tax-free money for their out-of-pocket medical expenses, Lively cofounder and CEO Alex Cyriac argues that HSAs can also create the flexibility to save for health costs over the long-term, well into retirement.“HSAs were not designed to be used as retirement vehicles, but they actually provide more tax-benefits than a traditional retirement vehicle like a 401k or IRA and require no mandatory distributions, so you can save well into your 70s, 80s, and 90s,” he wrote in an email to VentureBeat.
Shortly after her expose, allegations against Binary Capital co-founder Justin Caldbeck and 500 Startups founder Dave McClure surfaced.“I think that the ecosystem is evolving and changing, and the country is changing,” DST Global founder Yuri Milner said at TechCrunch Disrupt San Francisco this week.“And what was acceptable even a few years ago is no longer acceptable.He’s right that a lot of these issues came up in the early-stage space, but it doesn’t mean they’re non-existent in late-stage interactions between VCs and founders.Kevin Durant of the Warriors has his own early-stage fund with Rich Kleiman called Durant Company.In August, Sen. Hannah-Beth Jackson (D-Santa Barbara) introduced a new bill, SB 224, to explicitly prohibit sexual harassment in the venture capital industry.
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