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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Municipal Internet of Things Blueprint Released

Innovation CitiesJuly 10, 2019 – Joint Venture's civic technology team announced publication of Municipal Internet of Things (IoT) Blueprint, a free PDF download to inform local government leaders about trends in the IoT. Published by the Wireless SuperCluster, a part of the Global City Teams Challenge (GCTC) project, and led by the National Institute of Standards and Technology (NIST), the tool was co-edited by David Witkowski, Executive Director of Joint Venture’s Civic Technologies Program.

Data Release: Silicon Valley has access to cleaner power than CA or the U.S.

solar panels and wind millsJuly 9, 2019 - The Joint Venture Silicon Valley Institute for Regional Studies has released a comparative analysis of local sources of power by emissions intensity. In just three years, the majority of Silicon Valley energy customers – both residents and businesses alike – have transitioned away from PG&E to community choice energy programs.

Read the release

Joint Venture & SVCE Tackle Green Building Rules

Illustration showing connection between clean electricity and clean communityJuly 1, 2019 - Joint Venture is partnering with Silicon Valley Clean Energy to promote local green building rules through an innovative mechanism called reach codes. Under state law, cities and counties may adopt local ordinances that exceed state codes to ensure new buildings promote a clean and healthy future through greenhouse gas (GHG) reductions.

Learn More

Joint Venture Food Recovery Partners with Loaves & Fishes

Loaves & Fishes logoCollaboration will double community impact

July 1, 2019 – Joint Venture Silicon Valley and Loaves & Fishes Family Kitchen have formed a partnership that will enable Joint Venture’s Food Recovery initiative, known as A La Carte, to transfer day-to-day operations to Loaves & Fishes Family Kitchen. Effective immediately, A La Carte operations will be managed by Loaves & Fishes, including pick-up and delivery operations and the fleet of trucks that deliver meals to people who are in need.

Read the News Release

Facebook funds new truck for Food Rescue

group standing in front of truckJuly 1, 2019 - Facebook, in partnership with Flagship Facility Services, Inc., will fund a new food truck for Joint Venture's Food Rescue initiative, known as A La Carte, that has been picking up and distributing food from four of Facebook’s cafes and mini cafes since March. The new truck will increase the size of the fleet that "harvests" prepared food for people in the community who are food-insecure. Facebook has donated more than 22,000 meals through the program to date.

Learn more

Joint Venture partners with Adobe for people with disabilities

people chatting July 1, 2019 - Joint Venture's Silicon Valley Talent Partnership has paired a pro bono team of experts from Adobe to assist nonprofit Project HIRED to help people with disabilities find employment. Have a project that could use expert help?

Contact Joint Venture's SVTP for details.

Joint Venture board adds new members

July 1, 2019 – The Joint Venture board of directors elected two new members at their quarterly meeting: Supervisor Susan Ellenberg and Michael Isip, President and Chief Executive Officer of KQED. “We are delighted to add the expertise of Supervisor Susan Ellenberg and Michael Isip to the Joint Venture board,” said Russell Hancock, President & CEO of Joint Venture.

Read the news release

Meet Duffy Jennings

July 1, 2019 - Duffy Jennings first joined Joint Venture in 2008 as VP of Communications after enjoying a distinguished career as a corporate communications executive and journalist. He retired—or rewired?—from corporate life in February 2019 and, with the new release of his memoir, Reporter’s Note Book: A San Francisco Chronicle Journalist’s Diary of the Shocking Seventies, he added author to his list.

Read Duffy's profile

Silicon Valley Indicators

indicators home page Get comprehensive information and data about Silicon Valley’s economic and community health at www.SiliconValleyIndicators.org.

Data and charts from the Silicon Valley Index (and more) are available on a dynamic and interactive website that allows users to further explore Silicon Valley trends.

Download the 2019 Silicon Valley Index.

Investors Spotlight

Donors invest in Joint Venture with both general support and project-specific gifts that help us react nimbly to provide analysis and innovative solutions to issues that confront our regional economies and quality of life. Here are just a few of our many investors:

SiliconSage Builders logo Urban Catalyst logo Urban Community logo

Joint Venture offers a variety of support and sponsorship opportunities for individuals, corporations, and public sector organizations. To inquire about becoming a member of our Investors Council, call (408) 298-9330 or visit our Become an Investor page. To see our current investors, visit our investors pages.

What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture brings together Silicon Valley’s established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues and work toward innovative solutions. In this short video see what Silicon Valley leaders have to say about the organization.

Marty Tenenbaum Chief Executive Officer, CommerceNet and Smart Valley Board Member

An interview with Marty Tenenbaum, CEO of CommerceNet and Smart Valley board member, is a roller coaster ride of ideas and interjections, climbing through apparently unrelated concepts, darting around the hairpin curves of unfamiliar ideas, and then suddenly synthesizing them into startling, unexpected conclusions. All the while, both Marty and his interviewer are rapidly jotting down notes, trying to keep the conversation moving quickly enough to keep pace with Marty’s ideas.

While Marty’s style may be reminiscent of Dr. Emmett Brown in Back to the Future (and Marty’s many admirers take loving pleasure in describing his eccentricities), his relentless pursuit of the synthesis of a wide range of ideas into revolutionary change has, over the course of his career, placed him at the forefront of such diverse movements as artificial intelligence, oil exploration and Internet e-commerce. He has now turned his entrepreneurial attention to healthcare, and hopes to catalyze change in this most difficult arena of misaligned incentives.

Eric Benhamou, Smart Valley chair and Smart Health co-chair, says, “Marty is a lightning rod for people and ideas. He has spent his career trying to push cutting edge innovation into new territories.”

“Marty told me, ‘On any given day I’m going to throw a hundred brilliant ideas over the wall. Your job is to tell me which two or three are actually worth pursuing.’”

Randy Whiting, who worked for Marty as CEO of CommerceNet a decade ago, remembers his initial interview with Marty. “Marty told me, ‘On any given day I’m going to throw a hundred brilliant ideas over the wall. Your job is to tell me which two or three are actually worth pursuing.’”

“His brilliance comes from connecting the dots,” Whiting continues. “He is the ultimate non-linear thinker. For Marty, it’s all about synthesis and relationship. He understands that synergy is possible when everyone else sees no relationship. He sees the vision so clearly, and is most effective when he is able to recruit partners to help him get there.”

Educated as an undergrad at MIT, Marty went to work for Lockheed, where he was awarded one of two doctoral fellowships given in the entire company to study at Stanford. While at Stanford, and then at Lockheed and SRI after earning his doctorate, he pursued his interest in visionary science by working on artificial intelligence. He was a founder, charter fellow, board member and standing chair of the conference committee of the Association for the Advancement of Artificial Intelligence during the peak of interest in AI, at a time when attendance at the organization’s annual conference grew from 200 to 8500.

In the 1980s, as the height of the AI wave subsided, he went to work for Schlumberger (pronounced Shlum-ber-zjay), an oilfield services company that leveraged its relationships with multiple oil companies drilling in a given region to construct physical models of an entire reservoir, which in turn enabled it to better advise each client. The notion of building a community to create value that would lift everyone became a central concept in Marty’s understanding of the power of collaboration to accelerate change. This concept would become central to the work he would do later in e-commerce and health.

In 1988, as Schlumberger was moving its computer science operations to Houston, Marty had what he describes as “an epiphany” that derived from his experience at Schlumberger in using the Internet to allow everyone involved in a project to provide services to each other.

Marty Tenenbaum “It occurred to me that this collaborative use of the Internet was not limited to engineering services – the Internet could be turned into a marketplace for goods and services.” At the time the Internet was used almost entirely for email and information exchange. It was clear that commerce would be transported over secure networks in the future, but there were many proprietary solutions vying to become the dominant standard for networked transactions. While the Internet was not intended for e-commerce and it was, in fact, illegal at the time to perform commercial transactions over the Internet, Marty’s clarity about the value of sending transactions over an open network led him to single-mindedly pursue this cause.

He founded Enterprise Integration Technologies (EIT), which became the first company to conduct a commercial Internet transaction (1992), a secure Web transaction (1993) and an Internet auction (1993).

It was Marty’s pursuit of Internet-based commerce that was at the center of one of the great success stories in Joint Venture history.

Opportunity presented itself in the early years of the Clinton administration when the federal government, responding to a recession in the post-Cold War economy, made available competitive Technology Reinvestment Program (TRP) grants designed to generate jobs in the technology sector. Driven by Smart Valley board chair John Young and Joint Venture CEO Becky Morgan, the Silicon Valley application received broad support from industry leaders and elected officials (including then-Governor Pete Wilson). As a result, Joint Venture received one of a small number of TRP awards, a $2.5 million matching grant, the focus of which was to accelerate the development and adoption of e-commerce.

“We could not have achieved what we did here without Joint Venture. E-commerce is one of the lasting legacies of that organization.”

The grant led in 1994 to the founding of CommerceNet, an organization with a mission of promoting e-commerce among companies across Silicon Valley. With the help of Vice President Gore and Commerce Secretary Ron Brown, who addressed CommerceNet’s grand opening, the $2.5 million in matching funds was quickly raised from membership fees. “Everyone showed up. We had many small companies working in this space,” Marty recalls. “They needed a way to process transactions, so we got VISA and Mastercard, and to ship orders, so we involved FedEx and UPS. We also taught large Silicon Valley companies like HP, Sun and IBM how to do business on the Net.”

CommerceNet’s success in bringing together this community of companies played a critical role in the formation oand growth of many pioneering Internet companies, including Internet industry giants such as Netscape (whose co-founder Marc Andriessen worked at EIT) and Verisign, paving the way for Silicon Valley’s boom in the late 1990s and providing an incredible return on the federal government investment.

In 1997, CommerceNet received another $2.5 million from the federal government, this time to develop collaborative business models for business-to-business commerce. Out of that project came Veo Systems, which Marty co-founded, and which pioneered the use of XML for automating B2B transactions. CommerceNet and Veo were key catalysts of the B2B wave.

Veo was later acquired by Commerce One. Marty went to work there as Chief Scientist, and helped the company become a major player in advancing the market for B2B communities.

“Internet commerce is at the core of economic growth, and will be for the next generation,” Marty says. “We could not have achieved what we did here without Joint Venture. E-commerce is one of the lasting legacies of that organization.”

Marty left Commerce One to co-found Webify, which used networks of business services, not unlike the netowrks of engineering services at Schlumberger, to automate complex processes in insurance and healthcare, such as real time eligibility, claims submission and adjudication. Webify achieved early success and was acquired by IBM last year.

Marty’s interest in healthcare led him to conceive of Smart Health, and he became an early advocate for the value of shared patient data across a community based on open standards. He has remained an active advisor to the project.

Today Marty is bringing the lessons learned in his career to accelerate therapy development through collaborative e-science. He is in the process of founding a company to develop a collaborative network of research communities, each focused on curing a particular disease, which will pool their resources to achieve unprecedented economies of scale and cross learning.

“The goal of Joint Venture and Smart Valley is always the same. Let’s solve the problem ourselves in Silicon Valley, and make it available to the world.”

“There are as many as 10,000 rare diseases out there that nobody is working on,” he says, warming to the opportunity. “We need an Apollo Project that will enable researchers to work together to cure them.” The new company builds on business models Marty learned at Schlumberger and Commerce One. “We will use the Net to give academic researchers access to data, knowledge, processes and resources, from high throughput genomics and drug screening to specimen libraries and patients) that they cannot reach now.” The company intends to utilize this “Open Biology” model to create a “Health Commons” that will facilitate collaboration across diseases, disciplines, and organizations, slashing the time, cost and risk of therapy development, so that cures for rare “long tail” diseases become economically feasible.

As Marty reflects on Smart Valley, he is pleased with the issues the organization is currently tackling. When asked what the next generation of ideas might be, he defines possible solutions to problems of traffic, housing and energy. “We should look at applying entirely new methods to manufacturing to drive down the cost of housing,” he says, scribbling down notes on the pad in front of him. And in tranportation, we’ve got to deal with the last mile problem – getting people from main transportation arteries to their final destination.”

“The goal of Joint Venture and Smart Valley is always the same. Let’s solve the problem ourselves in Silicon Valley, and make it available to the world.”

As Marty continues his quest to solve some of the world’s most difficult problems, family, exercise and music keep him connected to the “real world.” He has been married for 41 years to his wife Bonnie, who he met on a blind date in Seattle. He followed her to the Bay Area, went to work for Lockheed, and stayed. The lure of their five-year-old granddaughter now takes them to Cambridge one week a month.

Other activities allow him to stem and freshen the constant flow of ideas. He runs nearly every day, as he has for the last 40 years. In the last five years he has taken up jazz piano. “I can only play after 2am. I have to get mellowed out from the day’s activities. Jazz loosens my brain waves – playing is the closest I can get to a meditative state.”

His mind thus refreshed, he moves into a full slate of meetings each day, communicating with revolutionary fervor, pulling together seemingly unrelated points of view, devising the tasks necessary to achieve results, and relentlessly applying the lessons learned in a lifetime to make Silicon Valley (and the world) a better place.

In The News

July 16, 2019 - (Energy Pages) - Rise of Energy Choice Diminishes PG&E’s Silicon Valley Market Share:Silicon Valley residents have greater access to cleaner energy compared to the rest of California and the rest of the country, says The Joint Venture Silicon Valley Institute for Regional Studies. More

July 10, 2019 - (American City & County) - Small cells, big uncertainties: “The FCC’s approach is a pretty blanket approach. And it may not account for all of the nuances of local government..." notes David Witkowski, executive director of civic technology initiatives at Joint Venture Silicon Valley. More

July 8, 2019 - (Mercury News) - Exodus: For Bay Area millennials, moving up means moving out: In 2017, roughly 36 percent of Silicon Valley adults between the ages of 18 and 34 lived with their parents, according to an analysis by Joint Venture Silicon Valley. More

July 5, 2019(KPIX-TV5) - New Numbers Show Silicon Valley Tech Jobs Are Moving North: "The workforce is young," says Joint Venture CEO Russell Hancock.  More

June 29, 2019 - (Mercury News) - Pizarro: Literary Send-Off - Joint Venture Silicon Valley CEO Russell Hancock and his wife, Marguerite Hancock, hosted a reception to bid farewell to Duffy Jennings, who served as Joint Venture’s communications director for the past 11 years. More

June 26, 2019 - (Michigan Daily) - KLA opens temporary R&D site in Ann Arbor:According to Curbed San Francisco, a recent census done by Joint Venture Silicon Valley discovered the median home sale price for a house is $1.2 million. More

June 26, 2019 - (The Almanac) - Manzanita Talks move forward: Efforts to bring together public and private sector leaders to talk about how to address regional transportation problems moved forward on June 13 with what Joint Venture Silicon Valley President and CEO Russell Hancock called a historic discussion. More

June 25, 2019 - (KQED News) - Stanford Wants to Expand: Russell Hancock, a Stanford lecturer and also president and CEO of Joint Venture Silicon Valley, said, "It's always baffling to me when the neighbors vilify Stanford. This is a world class institution. There would be no Silicon Valley without Stanford." More

June 19, 2019 - (NPR News) - Google Pledges $1 Billion For Affordable Housing: We are seeing an increase in the people that are living in RVs or other temporary shelters," said Rachel Massaro, director of research for Joint Venture. More

June 18 - (KQED News) - Google Pledges $1 Billion to Help Fight Bay Area Housing Crisis It Helped Create: Joint Venture reported that affordable housing units represented only a small share of recently approved units in Silicon Valley.   More

June 18, 2019 - (Mercury News) - Californians sharply divided over how to tackle housing shortage: Russell Hancock, CEO of Joint Venture Silicon Valley, believes Bay Area residents have become more open to new solutions to the housing shortage in the last five years. More

June 18, 2019 - (Mercury News) - With SUV ads and snark, desert city looks to woo Bay Area residents: According to a study by the regional think-tank Joint Venture Silicon Valley, the region gained about 62,000 foreign-born residents between July 2015 and July 2018, while 64,300 residents left. More

June 14, 2019 - (AJOT) -Commute times across Silicon Valley have increased by 17% over the past decade, adding an average of 43 minutes weekly per commuter, according to the 2018 Silicon Valley Index by Joint Venture Silicon Valley. More

June 12, 2019 - (Los Altos Town Crier) - Food truck puts corporate leftovers to community good: Silicon Valley Food Rescue operates as a project of Joint Venture Silicon Valley. More