(2011-06-30) Summers Silicon Valley

Larry Summers has come to Silicon Valley. Last week he joined the board of SquareUp, and now he's joined Marc Andreessen's firm. In his new role, Mr. Summers will help the firm’s portfolio companies navigate economic and geopolitical issues and the intricacies of various markets, like education, financial services and telecommunications. Meaning, he's a political fixer, based on his connections. “I don’t want to be a Rolodex man or a door opener,” he said. “I am interested in making contributions as a thinker.” Yeah, right.