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NewsCred, a marketing technology firm that creates and licenses editorial content for businesses, was today valued at an estimated £120 million after it raised £15 million to expand in London.

Network: How a little bribery can get you in a sticky situation on the Web

Charles Cohen tried politics and PR before launching Beenz.com, so he knows the value of a freebie.

We'll need a brand new set of villains when this boom ends

At the end of the 1980s, a number of big names on Wall Street went to jail, and everyone immediately found sinister those very financiers they had spent the past few years worshipping. The public mood turned on a dime, and no one, apart from the writer Tom Wolfe, ever really bothered to try to explain why.

Network: In the new world, it pays to stay home

Why go into the office if you don't need to? In hi-tech California, workers are being encouraged to work from the house

Network: I've joined the riches to rags set

Why would a guy do such a thing? In a word, or rather two, stock options

Network: Outraged? A brisk jog is just the ticket

IF JOGGING on Silicon Valley's Sand Hill Road is inspirational, then I'm one inspired fella. My wife, Linda, Cassie the dog and I jog here six mornings a week, alternating among three routes to keep it interesting. Any long-time jogger knows about runner's reverie. This is a trance-like state that overtakes the head as the feet, on autopilot, follow a well-worn trail.

Help for hi-tech Brits to storm fortress America

THE GOVERNMENT is backing a joint initiative with the private sector to provide a one-stop shop for British hi-tech entrepreneurs seeking to break into the United States and compete head-to-head with Silicon Valley.

Screen break

Welcome to Silicon Valley, California, where college graduates magically turn into billionaires, where companies plead for computer programmers on billboards, and staff demand to be entertained. Words by Richard Cook. Photographs by Tom Bible

Network: If you can't take the heat

Silicon Valley shops still don't have the right wardrobe for sweating geeks

Focus: Billion dollar brains behind the Net

JOE SCHOENDORF has every reason to be happy. His Silicon Valley venture capital company, Accel Partners, floated four Internet-related companies on the public market in May - generally regarded as a slowdown month in the great Internet stock bonanza - and all are capitalised at between $1bn and $3bn.

3i's Valley move

3i's Valley move

The Nordic Connection

HOW NOKIA AND ERICSSON HAVE RUNG RINGS AROUND THE WORLD

Network: Revenge of the nerds

A new film portrays old rivals Gates and Jobs as you've never seen them before.

The Business World: Challenge is to turn all that clusters into gold

THE GOVERNMENT'S White Paper on Competitiveness, published late last year, hit the spot for a lot of its readers. Almost literally so, with its emphasis on the importance of industrial clusters. These economic hotspots have been around as long as there have been economies, and were analysed a century ago by Alfred Marshall. However, they have recently re-emerged as a focus for industrial policy - partly because developments in modern economic theory made them interesting to glamourous academics like MIT's Paul Krugman, and partly because new industries seem to develop in clusters.

Network: The secret of Silicon Valley? We all have an axe to grind

I'M SITTING in the Silicon Valley morning-commute traffic on Sand Hill Road, thinking about the Internet and life. My morning paper had seen fit to headline a story "Internet: dream or nightmare?", and started my internal wheels turning.

Blair is still peddling social elitism

There is a lie at the heart of New Labour's plans to modernise the economy that could undermine its policies and cause the same kind of rot from within that turned Thatcherism into a hollow stalk of itself. The lie is that the Government is moving to make to the most of the nation's human capital.
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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam