I noticed on page 9 of Silicon Valley Business Journal 11/26/21 a little box about small businesses with impressive and noteworthy pre-IPO valuations, “unicorn” in the local lexicon. Two of the ten highlighted are from Palo Alto: TripActions, which raised $637m and is worth $7.25b; and Plume Design, which raised $570m and is worth $2.6b. I mentioned earlier that there is a Hippo, on Lytton likewise worth billions. Yes, a unicorn Hippo.
And, ibid, Palo Alto Networks uses our name, its CEO lived near Filseth at Poe and Bryant — next to commissioner Griffith —- and built a monster house, and did a tear down —it abuts me — and though not in Palo Alto we ought to be licensing our name to them— they spend an estimated $10m a year on branding corporate ID ads with NFL broadcasts.
Any discussion of business tax that does not target TripActions, Palo Alto Networks, Plume Design — of course Tesla, Apple, Amazon — trillions of market cap— and leadership is pulling our horns.
Case in point: L———- wants to play a concert here February 23, Wednesday. The Mitch is booked, fair enough. Yet Palo Alto Auditorium is ONLY available from 9 a.m. to 6 p.m. i.e. business hours? If we had the same business tax as 20 other neighboring towns we’d have $200m in reserves and NOT be furloughing librarians and $20/hr techs at the art center. Its a gift to the landlords, for whom Christmas is every day, every year since about 1980….