Thursday, June 2, 2016

San Jose's Viptela raises $75 million

Viptela is a software-defined computer networking startup that is based in North San Jose. The company has just announced a $75 million funding round to help it ramp up globally. This will bring its total funding to nearly $110 million and its valuation to around $900 million.

The new dollars will be used to scale up sales, marketing, support, and R&D. Viptela has already grown its workforce to 150 in the past year and is planning to hit 200 employees by the end of the year and 300 employees by then end of 2017. With all of the downsizing happening in the Valley right now, it is nice to see some companies bucking the trend (especially in San Jose).

Viptela is located at 1732 N. 1st Street, Suite #600.

Source: SVBJ


Wednesday, June 1, 2016

The Sharks' Key to Game Two: Adaptation

We saw this play out on May 15th, the first game of the Western Conference Finals.  The Sharks, playing an opponent on the road, faced a team that appeared stronger and faster, tested goaltender Martin Jones early, scored the first goal, and handed the Sharks a first game loss by a one goal margin.  On May 30th, we saw a similar series starting game.  If recent history is to repeat itself, the Sharks’ penchant this season for adapting to their opponent’s style will be key in taking advantage this series.

Arguably, the Sharks have faced stronger opposition in reaching the 2016 Stanley Cup Finals than the Pittsburgh Penguins did, eliminating the playoff powerhouse Los Angeles Kings, a gritty Nashville Predators that had beaten a strong Anaheim Ducks team, and the resilient St. Louis Blues, who had eliminated the defending Stanley Cup Champions and a fast Dallas Stars team.  While the Penguins did best the Presidents Trophy winning Washington Capitals, the Capitals’ fortunes had been on the decline in the latter half of the season and had to rely on early season success to maintain their regular season point total.

Any serious analyst would tell you that both the Sharks and the Penguins are equally capable of winning with no team having any significant advantage from the get-go, but what makes the Sharks so particularly deadly this post-season, as mentioned earlier, is their ability to adapt.  While much can be made of the amazing offense and shut-down defense of the Sharks this year, the key ingredient the team has now that was missing in prior seasons is the “adaptation angle” Todd McLellan’s system never could learn.  During the Sharks’ last trip to the post-season, it was evident the team’s strategy stayed the same as the ever-adapting Kings learned the Sharks’ system to take advantage and execute a successful reverse sweep to win the first round series, eventually winning the Stanley Cup.

Even during the Penguins’ dominant first period during Game 1, the Sharks countered in the second period, evening up the score, and turning the third period into a toss-up into who would score the next game-winning goal.  The more the Sharks play against a team, the more they can learn and understand the opposing team’s habits.  (How will the Penguins set up in the opposing zone so that I can eliminate shots to the net?  Is it necessary to forecheck Kris Letang if he has Sidney Crosby zipping up the middle?  Should I be hesitant to pinch in on Phil Kessel if I know he is always going to shoot a low blocker wrist shot from the top right circle?)

“Old habits die hard,” as it is always said.  That is why adaptation works.

The Sharks, as demonstrated this post-season, has continually dominated with puck possession abilities, something that has continued from season’s past.  What makes this season different, however, is the team’s ability to overcome one of my greatest criticisms: the penchant to be “too cute” with the puck with too much passing in the offensive zone, allowing the other team to gain the zone and set up a fortified defense before lethal scoring opportunities could be executed.  Likely spurred on by new head coach Peter DeBoer, we are seeing a far more aggressive offense, which even includes shots on net by perpetual assist maker Joe Thornton, who many felt would score more if he was less hesitant to shoot pucks.  While Thornton’s scoring still has a roughly 3:1 assist-to-goal ratio, many of those came from shots on net with favorable rebounds instead of attempted passes.

Clearly, the more aggressive solution has worked, but in order to beat the Penguins, adapting to their setup strategies to fortify the defense, and to gain the zone aggressively on the offense, is what it will take.  We saw how the Sharks responded after the first period in Game 1, and we saw how the Sharks responded after losing in all games from earlier series.  It is in these responses where we saw the team was willing to take the time to learn and successfully counter.

We are going to see more of that in Game 2, tonight, at 5:00PM PST.

(I will go more into the art of adaptation in my next piece, rather than generalize like I have done here, which will include bits from Game 2.)

#SplitPitt

Din Tai Fung now open at Valley Fair

The world-famous Taiwanese restaurant Din Tai Fung has just opened their eagerly anticipated San Jose location. Now that it has been open for a couple weeks, you might not have to wait 4-5 hours to get a seat.

What's the big deal? This restaurant has some of the best soup dumplings you'll find anywhere around the globe. The Pork XLB dumpling is a mandatory order--thousands are sold every day, maybe tens of thousands in some locations. Each dumpling is made by hand and is filled with a hearty broth and savory treat.

The restaurant has been around since 1972 and has several locations throughout Asia. There are only four Din Tai Fung dumpling houses in the US: two in LA, one in Seattle, and now one in San Jose. It is a huge win that we scored this in the South Bay, they could have easily set up shop north of us.

The 8,200 SQFT restaurant is located on the main floor of Valley Fair underneath the Dining Terrace and can seat up to 200 people. If you are willing to brave the wait times, it is well worth experiencing.




Tuesday, May 31, 2016

New residential tower may replace Ross Downtown

Another day, another tower. Nathan Donato-Weinstein broke the news of yet another high-rise proposal in Downtown San Jose. First, the bad news. Ross--currently Downtown's largest clothing store--is shutting down at the end of the summer. This will leave a 30,000 SQFT retail gap in a key location. Instead of replacing it with another store, the property owners are instead seeking to build a 24-story apartment tower.

The modern glass tower would have 324 units and 5,000 SQFT of retail on the ground floor. It looks like amenities will be on the sixth floor and include a small swimming pool. I'm sure a gym would be there as well. Parking will be available on eight floors, four under ground and four above ground.

The design and scale will be highly contested I'm sure since it is in the middle of the historic district. However, adding around 700 new residents to this area will no doubt be a huge benefit to the businesses in the immediate area and breathe new life into the district. Light-rail is also quite literally in front of the building, encouraging the use of transit instead of driving.

Personally, I really like the mixing of old and new architectural styles--the San Jose Museum of Art is a great example which incorporated a historic post office. Also, I hate to say this but I also don't think there is enough character in the historic district today to justify blocking development that will add value to the whole Downtown area. There is huge value in maintaining the character and aesthetics of certain areas (especially when walking down the street transports you to a different era), but I don't think the historic district merits that today. We certainly shouldn't be tearing down any more historic buildings and repeat mistakes that were made decades ago, but it's time to move forward and evolve the Downtown area with greater density, amenities, and housing options.

If the tower below moves forward, construction could begin by January 2017.

Source: SVBJ



Monday, May 30, 2016

Think Bigger San Jose's blog post on what the Stanley Cup means for San Jose

Check out this great post on "Think Bigger San Jose" about the implications of the Stanley Cup on our city's brand. I couldn't agree more!


Google Fiber is one big step closer to coming to San Jose

There is a good chance that San Jose will be the first city in California to get Google Fiber, as well as be the largest city ever to be fully served by Google's 1,000 Mbps internet connection.

Fiber is many times faster than most broadband services that Comcast and AT&T offer, at the same cost or less. You can also add 150 TV channels for about $60/mo. Even those that for some crazy reason do not select Google's service will benefit--competing internet providers will be forced to offer faster services and/or drop prices in order to compete with Google. Oh, and Google is also known to give away 5 Mbps internet access for free (besides the cost of the box) as well as provide elementary schools complimentary access to gigabit internet service.

So just how likely are we to get this amazing service in San Jose? It's pretty damn near certain at this point. Last week the city council unanimously approved Google's construction plan for running 2,300 miles of residential fiber in our city. The official announcement from Google is expected by the end of the summer and may include some neighboring cities like Santa Clara, Palo Alto, and Mountain View. Construction will take around three years to fully build out, with 60% of the fiber cables going underground and 40% hung from utility poles.

When the service does arrive, it will be another great perk of living in San Jose.

Source: SiliconBeat


Sunday, May 29, 2016

Go Sharks!!!

Here is a great photo before Game 4 of the NHL Western Conference finals posted by Hillrise on the San Jose Picture Thread at SkyscraperCity. This year could be the first time in history that the Sharks win the Stanley Cup!



Saturday, May 28, 2016

Saturday Status - San Jose is the #1 city for jobs

San Jose nailed the top spot on yet another study seeking the best cities for jobs. Glassdoor calculated a an overall job score by looking at hiring opportunities, cost of living, work-life balance, and job satisfaction (all equally weighted). San Jose was the clear winner and had the highest median base salary of any metro in the United States ($112,000/year). San Francisco came in second place.

Source: Glassdoor