Friday, January 28, 2011

Making Money From the Internet



From the Media Decoder blog at the New York Times on Saturday:

On Thursday, NBC’s news division staged an elaborate presentation for advertisers, seeking to sell commercial time in NBC’s news programs over the next year. All the members of MSNBC’s prime-time lineup spoke at the lunch with one exception: Keith Olbermann, the network’s biggest star.

For the last several weeks, Mr. Olbermann and the network have been in negotiations to end his successful run on MSNBC, according to executives involved in the talks who requested anonymity because the talks were confidential. ... Friday’s separation agreement between MSNBC and Mr. Olbermann includes restrictions on when he can next lead a television show and when he can give interviews about the decision to end his association with the news channel.

The executives involved in the discussions confirmed that the deal carries limitations for Mr. Olbermann in terms of when he can next work on television, though he will be able to take a job in radio or on any forum on the Internet. The deal also prohibits the host from commenting publicly on the deal, the executives confirmed. ... None of the executives who discussed the deal would reveal the exact length of the restrictions.
The article quotes free-speech law professor Marvin Ammori as questioning the move and saying via email that "Comcast’s shakedown of NBC has just begun."

Comcast denies any involvement and says it has pledged "not interfere with NBC Universal’s news operations."

So, who you gonna believe — your lying eyes? Or that nice cable provider you send all that money to?

GP

NOTE FROM JOHN: Sure, the exit was planned weeks ago - that's why Keith said Friday night that he was told Friday would be his last show (and making it sound like he was JUST told), and that's why Keith didn't even tell anyone he was leaving until his last show was on the air. None of this sounds like a deal that was worked out weeks ago. Though, note the quote: weeks in the making. You could argue it was months or years in the making, if you want to talk about souring relationships.

And yes, the restrictions on when Olbermann can next go on the air are sickening. I suspect, and hope, NBC/Comcast paid Olbermann millions to keep him off the air. But as consumers, and politically aware Americans, it's disturbing as hell that NBC and Comcast just required one of the top voices of the left, if not its top voice on television, to STFU for the foreseeable future. It only makes the move by NBC and Comcast look all the more political, and worse, partisan.







Update: Correction: A reader emailed Midcontinent Communications about my statement below that Midco is owned by Comcast. Midcontinent responded saying, “While we do have an affiliation with Comcast, we are not owned by them. Any decisions like the FCC is trying to impose on them would not be passed down to us as we are a separate entity. If we do make any changes like this would be announced to the public long before it is imposed.”


The FCC giving its permission to Comcast to buy NBC has been making headlines of late, but there are some rather surprising requirements the FCC tied to the deal. Such as this:


“Comcast will make available to approximately 2.5 million low income households: (i) high-speed Internet access service for less than $10 per month; (ii) personal computers, netbooks, or other computer equipment at a purchase price below $150″ and “we require Comcast-NBCU to increase programming diversity by expanding its over the-air programming to the Spanish language-speaking community, and by making NBCU’s Spanish-language broadcast programming available via Comcast’s on demand and online platforms.”


There’s more, the FCC also requires Comcast to increase “diversity” in video content:


As part of the merger, Comcast-NBCU will be required to take affirmative steps to foster competition in the video marketplace. In addition, Comcast-NBCU will increase local news coverage to viewers; expand children’s programming; enhance the diversity of programming available to Spanish-speaking viewers; offer broadband services to low-income Americans at reduced monthly prices; and provide high-speed broadband to schools, libraries and underserved communities, among other public benefits


Content providers make money by supplying content, or access to content, that people actually want. If content providers aren’t providing certain types of content that’s probably because that content can’t be provided at a profit. So what the FCC is requiring is a lot of unprofitable content decisions from Comcast, not to mention subsidized internet access and computers.


And who is going to pay for it all? You and I, in the form of higher prices (North Dakota citizens should be aware that Midcontinent Communications is owned by Comcast).


A lot of these were goals in the FCC granting itself net neutrality powers, and it appears as though the FCC is going to implement them like a bunch of gangsters by withholding their blessing for a merger unless their wishes are obeyed.





Tags: comcast, fcc, nbc, net neutrality






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Polson Kanneth reports: Daniel Hernandez Jr., one of the heroes of the mass shooting in Tucson, Ariz., two weeks ago, tells ABC News that he will be sitting, along with his father, Daniel Hernandez Sr., with Michelle Obama at the.

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Polson Kanneth reports: Daniel Hernandez Jr., one of the heroes of the mass shooting in Tucson, Ariz., two weeks ago, tells ABC News that he will be sitting, along with his father, Daniel Hernandez Sr., with Michelle Obama at the.

Keith Olbermann: Possibly trading <b>news</b> for scripted TV gig with <b>...</b>

The dust has barely settled on Keith Olbermann's empty chair at MSNBC, but a few serious rumors are already swirling about the anchor's next move.

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Tucson Hero to Sit With Michelle Obama at State of the Union on <b>...</b>

Polson Kanneth reports: Daniel Hernandez Jr., one of the heroes of the mass shooting in Tucson, Ariz., two weeks ago, tells ABC News that he will be sitting, along with his father, Daniel Hernandez Sr., with Michelle Obama at the.

Keith Olbermann: Possibly trading <b>news</b> for scripted TV gig with <b>...</b>

The dust has barely settled on Keith Olbermann's empty chair at MSNBC, but a few serious rumors are already swirling about the anchor's next move.

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...

Tuesday, January 18, 2011

Making Money Software









According to the affidavit, the investigation included the co-operation of authorities in Canada, France and Germany.



As for code, the LOIC DDoS software believed to be used by Operation Anonymous remain available on the social code site Github and on SourceForge. Thousands of people have downloaded it from those sites. The software allegedly makes it easy for a user to donate their computer's bandwidth to repeatedly messaging a target server until it is rendered inaccessible by other users.



The ephemeral group Anonymous, or Operation Payback, co-ordinated a series of such attacks earlier this month against Paypal, Mastercard, Visa and others. These global leaders in money transfer were criticized for preventing their customers from donating money to the controversial website Wikileaks, despite the site having been convicted of no crimes.



Clearly a sufficient number of people in the FBI believe the denial of service attacks may constitute felony-level damage to computer systems, but others have argued that the campaign falls broadly within the tradition of non-violent civil disobedience and political protest.



FBI Agent Allyn Lynd, whom The Smoking Gun reports signed the affidavit, has been in the technology news media before. He lead a 2009 raid on at least two Texas web hosts over an alleged federal crime concerning unpaid bills to AT&T and Verizon. Those raids disrupted a number of co-located but unrelated businesses, including some that allege the disruption cost them millions of dollars.



In this latest affidavit, Lynd argued again that he may need to disrupt some other servers temporarily in order to achieve his goal of determining which servers were relevant to his investigation. Due to the document's incomplete publication, whether any sense of irony was appreciated is unclear.



No information has been made available to date regarding any FBI or other law enforcement investigation of the denial of service and other technical attacks made against the Wikileaks website.












(Editor’s note: Serial entrepreneur Steve Blank is the author of Four Steps to the Epiphany. A longer version of this story originally appeared on his blog.)


As we wrap up 2010, things might seem bleak. The common wisdom says that the chickens have all come home to roost from a disastrous series of economic decisions including outsourcing the manufacture of America’s physical goods. The pundits say the American dream is dead and this next decade will see the further decline and fall of the West and in particular of the United States.


Personally, I think there’s a chance that the common wisdom is very, very wrong – and that the second decade of the 21st century may turn out to be the West’s – and in particular the United States’ – finest hour.


I believe that we will look back at this decade as the beginning of an economic revolution as important as the scientific revolution in the 16th century and the industrial revolution in the 18th century. We’re standing at the beginning of the entrepreneurial revolution.


This doesn’t mean just more technology stuff, though we’ll get that. This is a revolution that will permanently reshape business as we know it and, more importantly, change the quality of life across the entire planet for all who come after us.


You see, it’s only in the last few years that we’ve come to appreciate that past startups were constrained by:



  • long technology development cycles (how long it takes from idea to product),

  • the high cost of getting to first customers (how many dollars to build the product),

  • the structure of the venture capital industry (a limited number of VC firms each needing to invest millions per startups),

  • the expertise about how to build startups  (clustered in specific regions like Silicon Valley, Boston, New York, etc.),

  • the failure rate of new ventures (startups had no formal rules and were a hit or miss proposition),

  • the slow adoption rate of new technologies by the government and large companies.


What’s happening now is something more profound than a change in technology. What’s happening is that all the things that have been limits to startups and innovation are being removed.  At once.  Starting now.


Compressing the Product Development Cycle

In the past, the time to build a first product release was measured in months or even years as startups executed the founder’s vision of what customers wanted. This meant building every possible feature the founding team envisioned into a monolithic “release” of the product.


Yet time after time, after the product shipped, startups would find that customers didn’t use or want most of the features.  The founders were simply wrong about their assumptions about customer needs. The effort that went into making all those unused features was wasted.


Today startups have begun to build products differently.  Instead of building the maximum number of features, they look to deliver a minimum feature set in the shortest period of time.  This lets them deliver a first version of the product to customers in a fraction on the time.


For products that are simply “bits” delivered over the web, a first product can be shipped in weeks rather than years.


Startups Built For Thousands Rather than Millions of Dollars

Startups traditionally required millions of dollars of funding just to get their first product to customers. A company developing software would have to buy computers and license software from other companies and hire the staff to run and maintain it. A hardware startup had to spend money building prototypes and equipping a factory to manufacture the product.


Today, open source software has slashed the cost of software development from millions of dollars to thousands. For consumer hardware, no startup has to build their own factory as offshore manufacturers absorb the costs.


The cost of getting the first product out the door for an Internet commerce startup has dropped by a factor of a ten or more in the last decade.


The New Structure of the Venture Capital industry

The plummeting cost of getting a first product to market (particularly for Internet startups) has shaken up the venture capital industry. Venture capital used to be a tight club clustered around formal firms located in Silicon Valley, Boston, and New York. While those firms are still there (and getting larger), the pool of money that invests risk capital in startups has expanded, and a new class of investors has emerged.


New groups of VC’s, super angels, smaller than the traditional multi-hundred million dollar VC fund, can make small investments necessary to get a consumer internet startup launched. These angels make lots of early bets and double-down when early results appear. (And the results do appear years earlier then in a traditional startup.)


In addition to super angels, incubators like Y Combinator, TechStars and the 100+ plus others worldwide like them have begun to formalize seed-investing. They pay expenses in a formal 3-month program while a startup builds something impressive enough to raise money on a larger scale.


Finally, venture capital and angel investing is no longer a U.S. or Euro-centric phenomenon. Risk capital has emerged in China, India and other countries where risk taking, innovation and liquidity is encouraged, on a scale previously only seen in the U.S.


The emergence of incubators and super angels has dramatically expanded the sources of seed capital. The globalization of entrepreneurship means the worldwide pool of potential startups has increased at least ten fold since the turn of this century.


Entrepreneurship as Its Own Management Science

Over the last ten years, entrepreneurs began to understand that startups were not simply smaller versions of large companies. While companies execute business models, startups search for a business model. (Or more accurately, startups are a temporary organization designed to search for a scalable and repeatable business model.)


Instead of adopting the management techniques of large companies, which too often stifle innovation in a young start up, entrepreneurs began to develop their own management tools. U


sing the business model / customer development / agile development solution stack, entrepreneurs first map their assumptions (their business model) and then test these hypotheses with customers outside in the field (customer development) and use an iterative and incremental development methodology (agile development) to build the product.


When founders discover their assumptions are wrong, as they inevitably will, the result isn’t a crisis, it’s a learning event called a pivot — and an opportunity to change the business model.


The result: Startups now have tools that speed up the search for customers, reduce time to market and slash the cost of development.


Consumer Internet Driving Innovation


Today, consumers – specifically consumer Internet companies – drive innovation. When the product and channel are bits, adoption by 10’s and 100’s of millions of users can happen in years versus decades.


The barriers to entrepreneurship are not just being removed, they’re being replaced by innovations that are speeding up each step, some by a factor of ten.


And while innovation is moving at Internet speed, this won’t be limited to just internet commerce startups. It will spread to the enterprise and ultimately every other business segment.


The economic downturn in the United States has had an unexpected consequence for startups – it has created more of them. Young and old, innovators who are unemployed or underemployed now face less risk in starting a company.  They have a lot less to lose and a lot more to gain.


If we are at the cusp of a revolution as important as the scientific and industrial revolutions what does it mean? Revolutions are not obvious when they happen.


Yet it’s possible that we’ll look back to this decade as the beginning of our own revolution. We may remember this as the time when scientific discoveries and technological breakthroughs were integrated into the fabric of society faster than they had ever been before. When the speed of how businesses operated changed forever. As the time when we reinvented the American economy and our Gross Domestic Product began to take off and the U.S. and the world reached a level of wealth never seen before.


It may be the dawn of a new era for a new American economy built on entrepreneurship and innovation – one that our children will look back on and marvel that when it was the darkest, we saw the stars.


Next Story: Image Space Media raises extra $1M to turn photos into cold, hard cash Previous Story: The Cartographer app brings gorgeous custom and offline maps to your iPhone




Source:http://removeripoffreports.net/

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Friday, January 14, 2011

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The new Republican majority in the House of Representatives has begun the process of repealing the Healthcare law. Some have argued that, because the Senate may not repeal it as well, and the President will likely veto it, the House’s repeal is purely “symbolic.”



Just as the reading of the Constitution on the floor of the House, on Wednesday, was symbolic of a “return to constitutionalism,” as Charles Krauthammer writes, the repeal of the Healthcare law in the House will be symbolic not just of the fact that Republicans have heard the will of the American people, but also that they fully understand that the new law is, only superficially, a jumbled and thoughtless mess of rules about how healthcare should be delivered and paid for in this country. In reality, the Healthcare law is a liberal power grab that is gradually permitting the federal government to control more of our lives, making more people dependent upon the government and continuing the culture of dependency among minority groups who, up until now, have mostly voted liberals into power. The symbolism of the repeal will ring loud and clear.


Liberal Democrats will be launching a big campaign over the next few days, doing what they always accuse Republicans and conservatives of doing- “fear-mongering.”  They will be telling their constituents that, according to the Congressional Budget Office, the repeal of the Healthcare law will increase debt, that Republicans don’t want people with pre-existing conditions to have access to health insurance, and that Republicans want to defund Medicare, new chairman of the House Budget Committee, Congressman Paul Ryan, has set out why these claims are wrong.


However, one of the features of the new Healthcare law, already in effect, is the extension of healthcare coverage to adult children (up until 26 years old), a hallmark of the true intention of this law- to make more people dependent, while it raises premiums on private health insurers who need more money to meet this new requirement.



For those who do not have adult children in the 21 to 26 age range, would it surprise you to know that these adult “children,” who are now covered, are not required to even live with their parents to remain on their plans, and that they may even be married and still be covered under their parents’ health plans?


Through the new Healthcare law, liberal Democrats have gradually introduced the concept that adult children should remain dependent on their parents, and when their parents are not around, perhaps the government can take over in that parental role? Of course, this new rule comes at a time when the economic decline made it difficult for young adults to obtain jobs. This is how the gradual creep of dependency begins: introduce a law which creates dependency on the government at a time of crisis, so that uninformed Americans will see it as a caring and positive intervention to help them in their time of need. This is how every entitlement legislation begins, and why none has ever been totally eradicated thus far, mainly because people have come to expect these benefits.


One of the newly elected members of Congress who understands well the liberals’ drive to make more Americans dependent on the government is Colonel Allen West of Florida. Congressman West will be serving in the Congressional Black Caucus and hopes to represent conservative philosophical ideas such as the importance of individual responsibility, creativity, and entrepreneurship.






In addition, as a result of the left’s encouragement of this culture of dependency, those who are truly in need will no longer have to seek voluntary assistance from neighbors and communities. Conversely, neighbors and communities will not be encouraged to voluntarily reach out to others because the knowledge that the government will provide for their friends’ needs may cause them to think twice. As such, dependency on the government creates more distance, and less connectivity, among members of a community.


At this point in time, any resistance to repealing the Healthcare law, and replacing it with commonsense legislation that reflects free market principles, will be almost entirely about continuing the culture of dependency, a hallmark of liberalism, that has taken over this country. We can be sure that liberals from the previous Congress will try hard to keep this culture in place. Their ability to remain powerful depends on it.




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Monday, January 10, 2011

Making Money Fast

Mollie Vandor is the product manager for Ranker.com where she likes to make lists about reading, eating and bad-TV-watching. She’s also the media director for Girls in Tech LA. You can find her on Twitter @Mollierosev and on her blog.

Whether you’re looking to make a big change, or just tweak a few little things, the new year gives you the perfect opportunity to reflect on your behavior and resolve to do better going forward.

Of course, it’s one thing to say you want to tackle a typical resolution like get in better physical shape, get in better financial shape or — like many of us who work on the web — get your social media presence in order. It’s another thing to actually accomplish those big, broad goals.

So this year, instead of making your goals big and broad, why not take a page from the web world and use analytics to pinpoint the specific stuff you want to change? And, by that same token, why not use data tracking to hold yourself accountable for keeping all those resolutions too?

Read on for some tips on how to use social media to corral your New Year’s resolutions. Let us know in the comments below what tips worked for you, or share your own resolution advice.

Let’s Get Physical/>

There’s the freshman 15 everyone gains from collegiate pizza and beer, and then there’s the startup 15 many of us tech geeks gain from sodas and office snacks. Between the time spent sitting in front of a computer screen and the time spent networking over drinks and dinners, it’s easy to put on pounds when you work on the web. Of course, you can always try the startup diet, but that’s not necessarily going to work for everyone.

Keeping a food and exercise log might sound like a daunting task, but it turns out you may already be tracking some of that data without even knowing it. Foursquareclass="blippr-nobr">foursquare actually lets you see your entire checkin history and, if you do a quick search, you can find it so you can easily see whether you’ve really been going to the gym or frequenting your fast food runs.

Similarly, the Foursquare stats page lets you see your own checkin trends in handy graphs and lists. There’s even a site called weeplaces that lets you turn your Foursquare, Facebook Places and class='blippr-nobr'>Gowallaclass="blippr-nobr">Gowalla checkins into graphic visualizations. And, weeplaces will let you filter those visualizations by food-related checkins and parks and recreation checkins, so you can really get a handle on your history.

class='blippr-nobr'>Google Mapsclass="blippr-nobr">Google Maps also lets you search your own history, so can get a visual reminder of the places you’ve been searching for, and start picking up on trends in your own behavior. You just have to enable it. And, of course, there’s the age-old pedometer, made a lot easier and more fashionable via a host of iPhoneclass="blippr-nobr">iPhone and Androidclass="blippr-nobr">Android apps that let you easily track how much you’re walking without having to do anything more than a quick download.

Of course, once you establish the things you want to change about your eating and exercising habits, you still have to make those changes stick. class='blippr-nobr'>Appsclass="blippr-nobr">Apps like LoseIt, Weight Watchers and LiveStrong let you log calories you eat and calories you burn via your smartphone. Fitango prescribes personalized plans to help you get in shape, and gives you a forum for sharing milestones you meet with your friends. Similarly, Phitter is like a fitness-focused class='blippr-nobr'>Twitterclass="blippr-nobr">Twitter stream where people share weight loss trials, tribulations and tips to help keep each other going.

Or, you can try something like the Social Workout Challenge, which gives you fitness goals to meet and a community of people to keep you accountable for meeting them. If you really want to take your weight tracking to the next level, there’s even a scale that automatically tweets your weight to the world. While you’re at it, FixNixer and QuitMeter also give you similar tools for tracking your way out of a smoking habit, another great way to get yourself in better physical shape in the new year.

Money, Money, Money/>

For many people, the New Year is also a great time to get a fresh financial start. But again, it’s a lot easier to make changes going forward when you know how you’ve been behaving in the past. That’s where a site like Mint.com can be very handy. class='blippr-nobr'>Mintclass="blippr-nobr">Mint aggregates all of your various accounts, including credit cards, bank accounts and assets, and then turns your spending habits into easy-to-read charts and graphs that show you where you’re spending and where you could be saving. It even lets you compare your shopping and spending habits with other people in your area, so you can see how you stack up. Many credit cards, like American Express Blue and Visa Signature, also give you year-end spending summaries that show you how much you’ve spent, how much you’ve saved, how much interest you’ve accumulated and more.

Once you’ve nailed down how your money is going out the door, you can start figuring out ways to keep more of it in your wallet. Again, this is where tracking will be key to actually keeping those resolutions. First, you can establish your financial goals via an online calculator, which lets you figure out exactly how much to start saving. Once you’ve figured out your goals, there are more than 50 great, free mobile apps to help you track your spending. On Facebook, the BillMonk app will help you keep better track of those tricky situations where you’re sharing a bill with friends, and you need to make sure everyone knows what they owe. XPenser lets you record your expenses from any device, including via tweet and e-mail, and TweetWhatYouSpend gives you a forum for sharing your expenditures with everyone on Twitter, so your friends can help hold you accountable when you blow your budget shopping those post-holiday sales.

Get Your Social Media in Shape/>

Whether or not you work on the web, if you’re reading class='blippr-nobr'>Mashableclass="blippr-nobr">Mashable, chances are you have a social media presence. And, just like your physical and financial identities, your social media self might be due for a little makeover in 2011 too. The good news is that the data is even easier to find when you’re talking about your personal tech habits. For example, you can use the Top Words app to figure out the topics you talk about most on class='blippr-nobr'>Facebookclass="blippr-nobr">Facebook. Klout tells you which topics you talk about the most on Twitter, and all sorts of other stats that will help you pinpoint what it is about your social media presence that you may want to change.

Similarly, BackType analyzes your Twitter profile and tells you what percentage of your tweets are replies, retweets, links, etc. Like Klout, it also tells you who you’re influencing and who your influencers are. And, it shows you your most shared sites. All of these are great data points for determining things you’d like to change about your social media presence. Finally, ViralHeat gives you in-depth analysis of the sentiment around your various social network profiles, which really lets you hone in on how your social media behavior is being received by your followers on Facebook, Twitter and across the web.

Once you’ve established what you want to change, you can set up ViralHeat to send alerts and updates directly to your inbox so you can track the impact of those changes on the fly. Similarly, since Klout and BackType both update regularly now, you can see your statistics change as your behavior does, which is a great way to keep yourself motivated. And, of course, make sure you set up Google Alerts to track all the activity around your various accounts.

If your resolution involves blogging more often, there are plenty of apps to help you do that on the go, right from your phone. Another way to remind yourself of things you want to blog, tweet or post about is by using a service like TwittRemind, which lets you tweet yourself reminders to do things throughout the day.

To make the most of your many profiles, consider setting up a hub page via a service like about.meclass="blippr-nobr">about.me, which lets you showcase all your profiles in one place. Or, sign up for a social network aggregation service to make it easier to make changes on all your profiles at once. You also might want to consider setting up a targeted Twitter list of friends and followers who can help you hold yourself accountable and focus your social media efforts so you can minimize the number of relationships you’re managing and maximize the return you’re getting from all these changes.

New Year, New You/>

Whether your New Year’s resolutions involve getting yourself in better physical, financial or social media shape, the web can help you figure out exactly what you want to change and how you’re going to keep yourself accountable for changing it. 2011 is a brand new year and a completely fresh start, and, breaking your New Year’s resolutions is so 2010.

More Social Media Resources from Mashable:

- 10 More Creative Uses of the New Facebook Profile [PICS]/> - 10 Cool Facebook Status Tips and Tricks/> - 6 Reasons Why Social Games Are the Next Advertising Frontier/> - 3 Things Brands Must Do to Reach Millennials Online/> - How Social Media Can Help With Your Long Distance Job Search

Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, DNY59

For more Social Media coverage:

    class="f-el">class="cov-twit">Follow Mashable Social Mediaclass="s-el">class="cov-rss">Subscribe to the Social Media channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for Android, Mac, iPhone and iPad








We don't have enough public market acquirers to sustain the start-up ecosystem.
That was the real back story that explains why Google failed to close a deal to buy
Groupon. Groupon wanted to
sell to Google for $6 billion. Of course they did, that is a huge amount of money – real cold hard cash – for a 2 year old
venture. Do you really think they turned that down for the vague possibility of
making more from an IPO in the distant future? Yes we all hear the stories of
visionary entrepreneurs who are such bold risk-takers and some of that is true but
most entrepreneurs don’t love risk, they love eliminating risk on the way to
building a venture.  The real story is that Groupon only backed off due to worries that the deal
would fall into AntiTrust
hurdles.



If we only have a handful of acquiring companies (basically today it is Google,
Amazon and Microsoft, now that eBay and Yahoo are wounded), the AntiTrust hurdle becomes more real. Even
if there is no AntiTrust
issue, Google, Amazon and Microsoft simply cannot buy all those venture-backed
companies.



So we need Groupon to go public and use their public
currency to buy other ventures working on local advertising/ecommerce. That will be
good news for lots of ventures. And a Groupon IPO success
will spur on other ventures that are getting ready for IPO.



I don’t know if Groupon really have the solid
financials to go public. We won’t know until they issue their prospectus to the
SEC. Until then we only have rumor and speculation. But if I were a betting man, I
would bet on Groupon being able to go public before
Twitter. And, this will be more controversial, before Facebook. But that as they say is another story. I am not trying here
to compile an actual list of ventures that could IPO in 2011. This is more about the
general environment for IPOs.



This has been what Steve Blank calls the “lost
decade” for tech IPOs. So why do I think that 2011 will be the year this
changes? There are 5 reasons:




  1. Private
    markets are under SEC scrutiny. This takes away the easy option of getting
    liquidity without either selling or going public. If you have more than 500
    shareholders you have to make your financials public, it is the law.


  2. There is a
    backlog of great companies that have the financial strength to IPO. The IPO market
    has been pretty well closed for a couple of years (some notable exceptions prove the
    rule). So the companies that have the potential to IPO have had more time to grow and
    get their act together.


  3. Investors
    are hungry for growth outside emerging markets. GDP in America and Europe seems to
    have a ceiling at 3% and the Chindia and BRIC stories of
    emerging markets growing at 8-10% has created too much capital flowing to those
    markets (generating fears of a bubble). So investors want companies in the developed
    markets that can grow at really fast pace (at least 30%, ideally 60% plus) from a
    base of at least $100m revenue for a long time to come. That has to come primarily
    from tech/media ventures.


  4. The
    macroeconomic picture is improving. Yes, there are always worries and another
    crash is always possible, but "markets always climb a wall of worry" and the general
    trends seem positive. But cycles don't last forever, so the people making these
    decisions (Boards and their Investment Bankers) will look at 2011 as a good window of
    opportunity.


  5. The bean
    counters have figured out how to live with Sarbox. For a long time, Sarbanes Oxley ("Sarbox") regulatory overhead has been seen as a reason why you cannot
    run a public company. Baloney, as they say in Brooklyn. It is a simple bit of
    operational overhead, a rounding error for a great company.



IPO is still the golden ticket. Real entrepreneurs want to IPO. Getting acquired
is a great way to build capital, but it is not the dream of the really driven,
talented entrepreneurs. There are logical reasons for this. The valuation at IPO is
usually (not always, plenty of exceptions to this rule) higher than you can get from
an M&A exit. And more importantly for the
entrepreneur, it is actually often easier to manage public market investors than a
bunch of VC with different agendas. But logical reasons be damned, an IPO is simply
the big badge of honor for the entrepreneur and the investors who back him/her.



It is not clear what we will call the decade that starts in a few days time
– the “teens” maybe – but it will possibly be one where we
get a sustainable IPO market for tech ventures. By “sustainable” I mean
that it cannot be a return to the Dot Com bubble years. Only great companies with
really solid financials will get through the IPO gate. And the valuations will have
to remain grounded in reality (short sellers will ensure that is the case).



Here’s hoping. Happy New Year folks.













bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

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This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

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PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."


bench craft company reviews bench craft company reviews

This Week&#39;s Health Industry <b>News</b> - NYTimes.com

An F.D.A. panel considers what to do about menthol flavoring in cigarettes.

Arizona Shooting <b>News</b> (LIVE UPDATES)

PHOENIX -- A 22-year-old man described as a social outcast with wild beliefs steeped in mistrust faces a federal court hearing on charges he tried to assassinate Rep. Gabrielle Giffords in a Tucson shooting rampage that left six people ...

Andy Borowitz: Fox <b>News</b> Warns That Without Angry Rhetoric It Will <b>...</b>

Fox is preparing for a "worst-case scenario" in which it was pressured to air responsible statements in place of its current programming: "If it comes to that, God forbid, we'll just air 24 hours of 24."