Sarah Lacy

Founder and Editor-in-chief

Sarah Lacy is the founder and editor-in-chief of PandoDaily.

She is 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).

She has been covering technology news for over 15 years, most recently as a senior editor for TechCrunch.

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    Bonobos raises another $55 million and aims for an IPO, all “in spite of being ecommerce”

    I like Andy Dunn, so when he tells me that his company, Bonobos, has just raised an additional $55 million — on top of an already steep $70 million-plus — I almost feel badly for him. I definitely feel like I should do one of those sign-of-the-cross blessings that Catholics do when they feel danger is close. After all, the outcome for ecommerce 2.0 companies raising mega rounds based on cracking some new code of how people want to shop…
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    Is everything we know about what makes a good VC just wrong?

    What I’m about to write is heresy in a least some of the circles I run in. It’s a good thing it’s a holiday: Hopefully all my uber-successful billionaire Valley pals are off on boats or at vineyards. The only ones at work are you and me, fellow struggling entrepreneur. Those of us staring down the barrel of dwindling cash reserves, locked in the full-on throes of the struggle, who laugh (or weep) at the idea of a BBQ today.…
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    Tickets for PandoMonthly NYC with Bijan Sabet on sale now!

    I first met Bijan Sabet in 2008 or so at his offices in Boston. Spark Capital was a new-ish firm and had way louder partners. Sabet was quiet and unassuming– and still is. But he’s unquestionably the young firm’s star partner. Having lead deals in Twitter, Tumblr, Foursquare, OMGPop, and Jelly, he’s not only a star within Spark but one of the most influential investors on the East Coast. We’ve already had the other ones: Fred Wilson,
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    My Big Break: How the tech legends of Silicon Valley got their start

    Before you have made it, no one gives a shit about who helped you out. After you’ve made it, the story is all about you. This is how it works in media coverage of startups. And it’s kind of lame because it creates a fictional sense that successful founders are somehow born fully formed, springing out of Zeus’s head. We know the opposite is in fact the case. Behind every founder are many people who helped them get their feet…
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    Lyft is a black belt in using Uber’s strength against it

    I am no martial arts expert. But my understanding of the philosophy is that you excel by using your opponent’s strength against them. In that respect, Lyft is a master of ride sharing jujutsu. The more Uber projects its “private car” baller strength; the more Lyft says “that’s cool, but with us, you sit in the front.” The more Uber pushes drivers away from its gleaming headquarters; the more Lyft has mixers and parties in the park and invited focus…
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    NYFSE and Alibaba to Nasdaq: Suck it big time, chumps

    I’ll admit it: I love when I’m right. Back when the Nasdaq utterly and completely screwed up Facebook’s IPO (with a little help from Facebook and their bankers, admittedly) I called that big IPOs were going to rush into the NYSE’s arms. I was hearing it from VCs and board members of late stage companies left and right. Reid Hoffman echoed my sentiment at his PandoMonthly repeating after me in agreement “it was a pretty egregious fuck up.” The New…
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    Marissa Mayer overslept. Get the pitchforks!

    Almost three days after the Wall Street Journal reported that Marissa Mayer had allegedly missed a dinner meeting in Cannes after falling asleep, the financial press is apparently still discussing it. We’ve criticized Mayer many times on Pando: For her attempts to turn around Yahoo — and even for her decision to take the job. We’ve said she has failed to articulate a new strategy, I’ve said the only real thing she’s accomplished is finally unlocking…
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    Vox Media’s Jim Bankoff continues to acquihire everything under the sun, snatching up Editorially founders

    Jim “gotta catch ‘em all” Bankoff is at it again. Vox Media has acquihired the founding team behind Editorially, it announced on its product blog this morning. When I heard a few days ago that Bankoff had a new acquihire to tell me about I racked my brain trying to think what content niche he hadn’t yet snapped up a team in. Bankoff started in sports and expanded to tech (poaching the Engadget team from AOL…
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    TriNet wants to help the CEO I should be, not the CEO I am

    Late last week, I met with executives from TriNet to talk about their new software releases, designed to help make product oriented CEOs (like me) into actually functional CEOs qualified to, yunno, actually run businesses and be trusted with millions of dollars. Pando isn’t a TriNet customer, but I know a little about them since they sponsored some of our events. I don’t know if this bodes well or not for TriNet’s efforts but, as I watched the demo…
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    Here’s what you missed at Southland this year (and why we’ll be back next year)

    Let me answer the question I’ve been asked all week in clear unequivocal terms: Yes, we are doing a conference in Nashville again next year. And the next year. And the year after. As far as I’m concerned, for the foreseeable future, this is our big annual event. I’ve literally been asked this question on Twitter, on email, at Bonnaroo last weekend, in San Francisco this week, and even at a Soul Cycle class yesterday morning.To anyone who was at…

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