This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Crowdsourcing Campaign To Bring Nikola Tesla Statue To Silicon Valley Kicks Off

PALO ALTO, Calif., May 3, 2013 /PRNewswire/ -- An online fundraising campaign to bring a statue of Nikola Tesla to Palo Alto, California was launched today on the crowd-funding site Dorrian Porter, a 12 year start-up veteran and former attorney at Wilson Sonsini Goodrich & Rosati, has teamed up with 91 year old local developer Harold Hohbach, the landlord of his last start-up business, to launch the project. 

"When people hear the name Tesla in the Silicon Valley, their next question tends to be, what model do you drive?" said Dorrian Porter. "The Tesla Statue is a gesture to tell the story of the technology entrepreneur who existed long before a company --- or even the Silicon Valley."  

Nikola Tesla is an inventor who immigrated to the United States in 1884, initially to work alongside Thomas Edison. That relationship didn't last, and Tesla is credited with the alternating current inventions that fueled the rise of electric company Westinghouse and made alternating current the standard of electricity we rely on today. Hohbach began his career at Westinghouse in 1946.

Porter, who himself immigrated to the region in 1999 to join Wilson Sonsini Goodrich & Rosati and left a year later to start his first company, says that Nikola Tesla typifies the choice between creativity and money faced every day by anyone working in the Silicon Valley. Tesla, a prolific inventor, is often cited for his inability to sustain wealth in his lifetime, but his life and work reveals personal satisfaction with a focus on the technology and not the money. 

"I've worked with great individuals in technology and finance in the Valley, but there is no doubt that money questions have a nasty habit of affecting creative decisions on huge areas of opportunity," says Porter. "Nikola Tesla's free thinking around wireless information transfer and energy are more relevant to the future of the Silicon Valley and the planet than they ever have been."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs