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Executive women platform Chief opened a new clubhouse in San Francisco this week.

Chief

In a bustling building in New York’s Flatiron district, two executive women who work at separate companies discuss marketing strategies for their respective businesses. Next to them, three retired women in their sixties share a champagne toast. Across the room, several other women, sitting at single wooden tables, have their heads down at their laptops. Whitney Houston’s “I’m Every Woman” plays in the background.

“I’m in the middle of a career transition,” says one woman to another she just met at the nearby bar. She says she works for Cushman & Wakefield but plans to change careers from her job in human resources.

“I’ve done big companies for far too long and I think it’s time to move on to something smaller,” she continued. “Covid did us all in,” the other woman said, agreeably nodding.

It may sound like a typical professional networking environment but one thing about this building is different: there’s not a single man in sight.

‘Sense that this is a first’

Chief’s San Francisco clubhouse includes a full-service bar.

The recently-opened clubhouse is located adjacent to the Transamerica Pyramid in San Francisco’s financial district. Silicon Valley had the highest demand from members, said founders Lindsay Kaplan and Carolyn Childers. The region is home to 2,000 local members working for Apple, Meta, Google, Microsoft, Salesforce, Zoom and Stanford among others.

The 8,600 square-foot space features a full-service bar with specialty coffee, open lounge space, meeting rooms, private call booths and a Mothers Room. All the artwork in Chief’s clubhouses comes from the women-led company Uprise Art, founded by member Tze Chun.

Over 300 members attended the launch event at the San Francisco clubhouse. Members flew in for the clubhouse opening night in late October. Some arrived straight from the airport. “So exciting!” one woman rolling a suitcase said as she greeted Childers and Kaplan with hugs. “I’ve f—–g earned this,” Kaplan recalled another saying.

Susan Cevallos Coleman, a global vice president at GoPro attended the opening night. “I just looked around and had a moment,” Coleman said.

“You have the profound sense that this is a first,” said Attica Jaques, Global Head of Brand Marketing at Google who also attended the opening night.

‘Full Circle’

A month after the San Francisco Chief club’s opening, women say they already see it as a milestone moment that represents more than just a new building.

Silicon Valley has historically had the highest density of homogeneous demographics that favored white men in executive ranks. It’s also historically been unfriendly to women as exclusionary “boys clubs” long overtook the world’s tech epicenter. Unlike other nearby clubhouses like the Battery, Chief’s new clubhouse is a place designed just for them.

“I know deeply the feeling of the tech industry led by white men,” Jaques said. “It’s interesting coming full-circle and it feels long overdue.”

Executive women platform Chief opened a new clubhouse in San Francisco this week.

Chief

Jaques, a San Francisco native who moved back to San Francisco from New York in 2019, said “we tend to always feel like we have to pull up a seat at the table if it’s not there, so we’ve built a muscle around it.”

Coleman added: “The women who have somehow, some way made it to where we are now, can now influence the younger women who may be hesitant to dip their toes in the lake because what they read is it may not be a friendly place for them.”

“But when I walk into the Chief space, that premise that tech is exclusionary no longer feels true,” she said.

Coleman, who’s spent her career working in tech auditing in Silicon Valley since the early 2000s at Sun Microsystems, said she’s looking forward to using the space as a central meeting place for her core group of Chief members dispersed across the Bay Area. Jaques said she’s looking forward to networking happy hours and programming speakers. The platform hosted a virtual event with speaker Melinda French Gates in early November when around 2,000 Chief members tuned in.

“This is the physical manifestation of what I’ve been benefitting from,” Coleman said after the opening. “I saw so many amazing women, including one I worked with three companies ago.”

The Covid-19 pandemic bolstered Chief’s business as women flocked to Chief’s platform, which served as a support system during a time of solitude, members said. More than 20,000 senior executives have signed on from over 8,500 companies including HBO, American Express, Nike, Google, Goldman Sachs, NASA and Apple. Annual membership starts at $5,800 for women at the vice president level and $7,900 for C-suite executives. About 70% of members are sponsored by their employers.

With backing from Alphabet’s venture arm and a business model that relies on subscription to its digital platform, it’s more sustainable than a real-estate-focused business like The Wing, which was forced to close its doors over the summer.

The platform has a massive waitlist of 60,000 people, but Childers and Kaplan say they should be able to start vetting applicants more quickly now that the company has additional money to hire people and build out the technology.

Less ‘pantsuits and bad cheese plates’

Kaplan briefly worried about a dusty rose art piece at the center of the main San Francisco clubhouse room. “We might have to change that,” she remarked. “It’s kind of pink. I just don’t want it to be like ’this a space for women and this is pink.'”

“So often, executive spaces for women look like a space full of pantsuits and bad cheese plates in the corner but we’re in a moment where we can redefine what it looks like,” she added.

A large open floor plan with leather couches and chairs and high ceilings with bookshelves makes it feel more like a living room for casual, serendipitous interactions, members said.

Bathrooms have brushed gold finishes on faucets and around mirrors. Marble countertops lie under Chief-branded disposable towels by each sink while low-volume music plays overhead. The bar features a mid-century modern design with wooden paneling and a large chandelier made of hundreds of glasses.

The space has several “phone booths” with ring lights built in for Zoom meetings. A room on the other side of the main space is much lighter with eggshell-colored walls, a grand piano, and plush white lounge chairs that appear like furniture from a spa.

“There’s a relaxed atmosphere, no competition,” Coleman said. “We’re just finding ways to support one another.”

“It’s a beautiful space to accompany this feeling that things are profoundly changing,” Jaques said. “Being able to walk and have a new space that you feel welcomed in and meeting other women is going to be incredible and it just feels like there’s no going back to what was before.”

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The Street’s bad call on Palo Alto – plus, two portfolio stocks reach new highs

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The Street's bad call on Palo Alto – plus, two portfolio stocks reach new highs

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Govini founder Eric Gillespie released on $1 million bond with Pentagon probe ‘ongoing’

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Govini founder Eric Gillespie released on  million bond with Pentagon probe 'ongoing'

Mug shot of Eric Gillespie, Govini Founder and Chairman.

Courtesy: Pennsylvania Attorney General

Govini founder Eric Gillespie, who is charged with four felonies, including multiple counts of unlawful contact with a minor, was released on bail.

Gillespie, who lives in Pittsburgh, posted a $1 million bond after his court appearance Thursday. He is not allowed to travel, and his passport has been revoked.

He was initially denied bail following his arrest on Nov. 7, with the judge citing flight risk and public safety concerns.

David Shrager of Shrager Defense Attorneys, who represents Gillespie, insisted that his client did not break any laws.

“Mr. Gillespie has never contacted a minor, either online or in person, and the facts clearly prove that,” Shrager said after the hearing on Thursday.

“Completely false statements, including the use of artificial intelligence between adults made in the context of an online fantasy chat, are not illegal,” he added.

Gillespie’s next court date is Dec. 18.

The Pennsylvania Attorney General’s Office said Gillespie sent lewd photos to an agent posing as a father offering his daughter to be abused, and made graphic comments about sexual acts with children.

Gillespie, 57, commented on the security of the encrypted platforms being used in the chats between him and the undercover agent, according to a criminal complaint obtained by CNBC.

Gillespie is the founder of defense contractor Govini.

He was listed on the company’s website on the leadership page as a board member as recently as Aug. 17, according to an archived version of the page available on the Wayback Machine.

The company terminated Gillespie on Nov. 12.

Earlier this year, Govini landed a nearly $1 billion contract with the Department of Defense. The company’s suite of artificial intelligence-enabled applications is used by every department of the U.S. military and other federal agencies.

Following his arrest, Pentagon officials said they were looking into Gillespie and possible security issues.

CNBC has repeatedly asked the Department of Defense about updates on the status of the probe and potential security concerns with Govini or Gillespie.

“We don’t comment on ongoing investigations,” a Pentagon spokesperson said Thursday.

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Tech stocks set for big losing week as AI names get rocked after Nvidia earnings

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Tech stocks set for big losing week as AI names get rocked after Nvidia earnings

Jensen Huang, NVIDIA founder and CEO, has a Q&A session at a press conference during the APEC CEO summit on October 31, 2025 in Gyeongju, South Korea.

Woohae Cho | Getty Images News | Getty Images

Even Nvidia CEO Jensen Huang couldn’t save the tech and artificial intelligence trade this week.

The chip giant’s talismanic leader trumpeted “off the charts” chip sales and dismissed talk of an “AI bubble,” and for a while, the tide lifted all boats.

“There’s been a lot of talk about an AI bubble,” Huang said during an earnings call this week. “From our vantage point, we see something very different.”

The buzz from the blowout report quickly reversed, sending the AI winners deeply into the red — and few beneficiaries were left unscathed.

Every member of the Magnificent 7, except for Alphabet, was tracking for a losing week, with Nvidia, Amazon and Microsoft staring down the biggest losses.

Amazon and Microsoft have led the group’s drop lower, falling about 6% this week. Meanwhile, Alphabet has gained nearly 8%. The search giant is also the only megacap of the group on pace for November gains thanks to a boost from the launch of Gemini 3.

Oracle, which is another major Nvidia customer, slumped about 10%. The chipmaker also supplies major model developers such as OpenAI and Anthropic.

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Chip stocks have also declined amid the broader tech market turmoil. Advanced Micro Devices and Micron were on pace for 17% losses. Marvell Technology has slumped about 10%. Quantum computing stocks Rigetti, IonQ and D-Wave have dropped at least 10%

CoreWeave, which buys and rents out Nvidia’s chips in data centers, initially soared on the chipmaker’s earnings report, but swiftly reversed course. The company’s stock is looking at an 8% blow this week.

AI fever was cooling in the runup to Nvidia’s earnings report on Wednesday, and investors looked to the print to alleviate fears that the AI bubble was on shaky ground. Since the launch of ChatGPT in late 2022, the stock has helped power the market to new all-time highs.

But concerns have mounted in recent weeks as tech stocks hit stretched valuations.

Major investors, including Bridgewater’s Ray Dalio told CNBC Thursday that the market is definitely in a bubble.

Much of the worries have stemmed from a boom in capital expenditures spending to support AI, with few signs of a payoff in view for many of the players.

Investor Michael Burry recently accused some of the biggest cloud and infrastructure providers of understating depreciation expenses and estimating a longer life cycle for their chips, calling it “one of the more common frauds of the modern era.”

Earlier this month, Burry revealed bets against Nvidia and Palantir.

Shares of the software analytics company, which supplies AI tools to the government and businesses, are down 11% this week. The stock has shed nearly a quarter of its value this month.

WATCH: Bridgewater founder Ray Dalio: We are definitely in a bubble, but that doesn’t mean you should sell

Bridgewater founder Ray Dalio: We are definitely in a bubble, but that doesn't mean you should sell

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