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So Christmas has been and gone. Are you now facing the New Year and wondering how you can keep up the Christmas spirit and goodwill for the coming year? Well, it certainly helps when you know how to do so for free from your own home.

There are so many simple ways to volunteer or donate to charity by giving up a small amount of your time or re-purposing some money you would normally have spent. So here’s a list of five of the best quick and easy ways to volunteer or donate to charity. Bookmark the list of charities and use it to do the rounds weekly!

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Skip1.org

This is a great concept — it’s a site which makes you think about how much money you waste on frivolous things. You nominate something which you will give up, say a lunch or newspapers for a month. Then you donate that same amount of money to feeding a hungry child.

Yes, you’re handing over money to charity, but it’s money you would have spent anyway. It’s also easy to share news of your donation with your friends via social networks, and hopefully convince a few of them to skip something for charity too.

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Free Rice

Free Rice has been around a while, but it’s so good it’s worth making sure it’s on this list. Play a simple, addictive trivia quiz and Free Rice will donate rice for each of your correct answers. This is a free and simple way to give whenever you have a free moment. Read more on FreeRice here.

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Causes

There are a number of things you can do using Causes, including raising awareness for your chosen charity and helping to raise funds for them. By far the easiest way to donate money with Causes is to set up a birthday or holiday fund. This way, instead of receiving presents from friends and family, you simply ask them to donate the money on your behalf. It takes about two minutes to set up, since you can log in with Facebook Connect – just choose the charity and you’re set!

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Charity Gifts

Here’s another easy way to spend your money on charity instead of something you were already going to pay for. Instead of giving gifts to your friends, give them the knowledge that you have donated to charity on their behalf. The Donation4Charity website searches all the big charity gifting sites (such as UNICEF, WWF and Oxfam) and lets you search the gifts according to how much money you have available to spend. Buy a goat for charity for about the same price as a modest gift!

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Sparked

Spend 5-10 minutes donating your expertise to charity: Give website feedback, brainstorm fundraising ideas or help design an awareness campaign. This is what they need help with – if you can spend a few minutes working on it then you’ve made a difference to a real charity with just a moment of your time. Read more on Sparked here & get going!

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And many, many more!

There are so many great ways to donate your time to charity — the sites listed above are just a few. Here’s some more great articles which introduce many more you might like to try.

  • Introducing Jumo – The Social Network for Social Good
  • How To Easily Coordinate Volunteers Using Volunteer Spot
  • 5 Crowd Funding Websites To Support Your Favourite Charities, Bands & Projects
  • Find Volunteering Opportunities Near You with VolunteerMatch
  • 10 Search Engines To Help The Environment
  • 5 Cool Edutainment Games You Can Play and Also Donate To Charitable Causes
  • 5 Websites To Lend A Hand & Make A Difference To The World

What are your favourite sites for donating your time to charity? Do you appreciate charity gifts given on your behalf? Let us know in the comments!



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...



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PROFESSOR OF POP: KUSF In The <b>News</b>

KUSF In The News. Members of the San Francisco Board of Supervisors yesterday condemned the sale of KUSF's 90.3 fm frequency to an out-of-town broadcaster. The SF Weekly covers the story at some length here. ...

Another storm… « FOX <b>News</b> Weather Blog

Hey everyone I have to admit after the winter we've already experienced, I'm going to be a.

Z on TV: Fox <b>News</b> dominates in SOTU cable ratings - TV show critic <b>...</b>

Fox News dominates in SOTU cable ratings. zzz Fox News was far and away the most watched cable news network during and immediately after Tuesday night's State of the Union speech. Here are the ratings from Nielsen Media Research. ...

Monday, January 24, 2011

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Obama is history!


Obama was always a one term show!


any political strategist knows few black candidates win statewide re-elections, no black candidates wins re-election win he or she pisses off their liberal base.


Obama was always a Clarence Thomas Clone, Obama knew that a black conservatives never would win the White House, so he done a Reagan, “ACTED” like he was a Democrat. (Reagan acted like he was a President, History will say Reagan started the decline of the USA)


The MSM final act with OBAMA is to make sure no real Democrats primary this clown! (the games have already begun, listen closely, Obama always beats Palin, does Obama beat Romney? NO!!!)


the target of the intelligent left should be the 23 democrat senators up for re-election in 2012! Why? it is very simple, these Senators want to win re-election, (the intelligent left must get ahead of the KABUKI game, Obama is old news, attack the 23 Dems up for re-election in 2012! and you may force them to dump OBAMA)


The left must tie OBAMA around the necks of all these Senators up for re-election! Obama is already TOXIC, make him NUCLEAR WASTE and the Dem Senators will force a primary of OBAMA!


Listed below is the OBAMA necklace that all Dems Senator must wear in 2012


1st Obama endorses the Bush agenda of spying on and killing americans

2nd Obama attacks Unions (the F! the UAW moment screams republican)

3rd Obama double downs on Bush Wars, (now they are Obama wars)

4th Obama attacks Teacher Unions (teacher unions now hate OBAMA)

5th Obama does not attack the Banks? he bails them out? (sorta like what the GOP does)

6th Obama passes the Bob Dole Health Care Bill (Bob Dole is a republican)

7th Obama kills the Public Option

8Th Obama kills Drug Importation

9Th Obama APPOINTS an insurance executive to manage his health care Bill

10th Obama does not APPOINT Dawn Johnsen

11th Obama hand picks the cat food commission to destroy Social Security

12th Obama supports Blanche Lincoln, a candidate who hates Unions, and has no chance of winning

13 Guantanomo still open for business

14.Patriot Act renewed

15. renditions continue

16. Bernanke reappointed

17. Americans targeted for assassination

18 Obama is all for sending more USA jobs off shore

19 Obama is for tax cuts for the RICH!

20. Obama and the TSA porno Scandal

21 Obama freezes federal wages for 2 years

22. OBAMA TARP Funds for Legal Services for Foreclosure Victims Blocked By Treasury

23. Obama lowers estate tax for the rich

24. Obama tax bill of 2010 GUTS Social Security

25. Obama wants WikiLeaks Assange charged with espionage.

26 Obama Fake Net Neutrality Caves to AT&T,Comcast


Coming in 2012


Gas prices above $4.00 close to $5.00 a gallon (this will end OBAMA)

Mass un-employment!

99ers living on main street (Homeless at an all time high)

social security cuts


the MSM will scream how Obama is un-beatable, if you believe that garbage, go visit Santa Clause in the North Pole and telling him hello from all of us! :)










Social Networks



According to Cisco, criminals are targeting social network users more aggressively. In particular, criminals are spending more time and effort trying to steal users' social networking credentials, since that makes it possible to exploit the trust of all that users' friends.



Although the exploitation of trust is crucial, Cisco predicts a decline in simple phishing and social networking scams. The company expects instead a rise exploits similar to the Zeus trojan, which steals banking credentials and propagates on social networks, mobile devices and more.





Social Engineering



Cisco warns of the "seven deadly weaknesses" exploited by social engineers:




  • Sex Appeal

  • Greed

  • Vanity

  • Trust

  • Sloth

  • Compassion

  • Urgency





Even the most savvy users can fall prey to social engineering. For example, Thomas Ryan of Provide Security created fake identity called "Robin Sage." Ryan was able to get hundreds of government officials and security professionals to friend this imaginary person on social networking sites and, as a result, share personal information with Ryan.



According to the report:



Clickthrough rates for most malware or spam incidents consistently hover at around 3 percent, according to data from Cisco ScanSafe. While 3 percent may not seem high, imagine the impact of repeated waves of spam to which 3 percent of workers consistently respond to and click on. Even this small percentage is the equivalent of having a gaping hole in the network firewall that cannot be closed. Instead of trying to change human behavior, security researchers are exploring the possibility of changing the way we use software to reduce risks.


Java: The New Number One Target





Java and PDF are both frequently exploited, but according to Cisco Java exploits rose last year and PDF exploits fell. Java surpassed PDF as the most commonly exploited technology.



Cybercrime in the Post-PC Era



According to the report, Windows has been so prevalent and so easy to exploit that there was no need for criminals to try to exploit other systems. However, the proliferation of other devices and OSes along with improved security in Windows 7 has changed that.



However, this move is happening slowly. A report from Forrester on security in the post-PC era notes that mobile device OSes are inherently more secure than desktop OSes due to sandboxing. This means that even jailbroken iPhones and rooted Android phones will be harder to compromise than older Windows PCs. However, social engineers can prey on anyone, regardless of the device they are using.



The Cloud: Friend or Foe?



The report cites the cloud as having both benefits and drawbacks for security. The drawback is that data can be intercepted while traveling between a server and the devices that access it. The advantage is that having data stored off-device makes it hard to extract sensitive information from lost or stolen devices.



Money Mules



The report has an interesting section on "money mules." Once a criminal has stolen a victim's bank account information, they need a way to get the money into their own accounts without getting caught. Money mules are people who transfer money from a victim's bank account to a criminal. One way to do this is to transfer money into the mule's account, then have the mule wire it via Western Union to the criminals overseas. The recipient of the wire from Western Union might not have to provide bank account information to receive the money, making them more difficult to trace.



Some mules are low-level criminals who participate for the money. Others are duped by work at home job ads. Students and people with large debts are often targets.

However, there's a shortage of mules. "Currently, the ratio of stolen account credentials to available mule capacity could be as high as 10,000 to 1," says the report.



Winners of the Cybercrime Showcase



Cisco highlights two winners in this year's "Cybercrime Showcase" - a "good" winner and an "evil" winner.



The Good winner is Thorsten Holz of the security firm LastLine. Holz identified the top 30 servers that the botnet Pushdo/Cutwail used for sending spam. Holz got ISPs to shutdown those servers and, as a result, the rate of spam decreased from 350 billion messages per day to 300 billion per day.



The Evil winner is Stuxnet, which we've covered frequently.



What, No Malvertising?



Surprisingly, there is no discussion of malvertising in the report. You can read our post "What You Need to Know About Malvertising" for more about this threat.












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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


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Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


bench craft company reviews bench craft company reviews

Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


bench craft company reviews bench craft company reviews

Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


bench craft company reviews bench craft company reviews

Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...


bench craft company reviews bench craft company reviews

Arrowheadlines: Chiefs <b>News</b> 1/24 - Arrowhead Pride

Good morning Chiefs fans. Another super thin day for Kansas City Chiefs news. There are quite a few hits on the Hali & Berry to Pro Bowl story, but they are all basically the same info. Here are your two stories... Enjoy.

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.

A tetralogy of science <b>news</b>

Four more picks from the latest science news by David Bradley Tales of the unexpected: a night with Tim ...

Tuesday, January 18, 2011

Making Money With a Website


The Middle East’s largest online auction and buying site has decided auctions are so last decade.


From the beginning of 2011 sellers won’t get the option to sell their products in an auction. It’s fixed price, or none at all.


The decision comes as a shock to many as Souq.com, which opened its doors to the public in 2005 and has since launched in 5 countries in the region, has always been portrayed as the eBay of the Middle East. At least in terms of online auctions, not anymore.


“We (and most of our sellers) want to offer the best online shopping experience to users in the region, and this is one step along the way to support this goal.” said CEO and Founder of Souq.com Ronaldo Mouchawar in an email about the recent shift.


This change, as most in life, will have its supporters and detractors. The good thing is, it looks like a only slim minority might end up annoyed.


To illustrate the above, lets say you’re a painter and you work from home during your spare time. I’m one of those who believe art has no price, but since it’s good to have paint to create priceless masterpieces, putting the occasional price tag on your work isn’t entirely evil. The only problem with that is how do you put a price tag on art in the first place? Van Gough considered giving money for art is as important as being an artist yourself. That’s where auctions come in strong.


By putting up a painting to sell through an auction, the seller allows the highest bidder to give her as much it takes to win the auction, or otherwise ask to ‘Buy Now’ according to a price the seller sets. Will this shift be good for those who realistically don’t know how much their work is worth? I would say no.


On the flip-side regional retail stores tend to invest large amounts of money to put their products online on their own, and usually fail miserably. Many factors come into play, but the most obvious are a large user base and an easy to use website to buy from.


This encouraged Souq.com to build a platform for merchants and retail stores to offer their products on Souq through fixed prices (almost all the time), and through Souq Stores which are customizable online outlets for retailers such as UAE’s 

Last night just before 12 a.m., Twitter began exploding with the news: Facebook had raised $500 million — from Goldman Sachs. Bolstered by a $50-million stake from Russia’s Digital Sky Technologies, a previous FB investor, the Wall Street behemoth had slapped down $450 million to snag the Internet behemoth — now valued at a cool $50 billion. As if on cue, the internet noted that yes, that was cooler than a million dollars.


Notes the NYT’s Dealbook, which broke the scoop: this makes Facebook “worth more than companies like eBay, Yahoo and Time Warner.” It also doubles Mark Zuckerberg’s multi-billion-dollar worth. It also makes Goldman Sachs the gatekeeper to who now gets to invest in the super-hot Facebook, and to the inevitable Facebook IPO. According to Dealbook’s Andrew Ross Sorkin and Evelyn Rusli, Goldman is “planning to create a ’special purpose vehicle’ to allow its high-net worth clients to invest in Facebook, which would allow for max investment while circumventing disclosure rules for companies with 500 or more investors. Clever, that.


So: This is a big deal. Everyone’s already saying that this is putting Google even more on the ropes (seeing as now Facebook is the most visited website in the land) and that Goldman couldn’t be sitting prettier. Here are a few other things it means:


(1) Facebook hiring spree! To paraphrase Antoine Dodson, hide your startups, hide your engineers — Facebook’s a-comin’. Snapping up Hot Potato and Drop.io? Poaching Foursquare’s Nathan Folkman? That’s nothing compared to what Facebook’s got coming. Rumor has it they’re about to close on purchasing the Sun Microsystems campus in Menlo Park from Oracle. That’s probably not just for the scenery. They want to stock up, preferably with talent – and, importantly, companies – that will help it integrate across every platform possible. (I’m guessing one of the new buzzy photo apps will be snapped up.) If you think people are complaining about a developer shortage now, just wait.


(2) China! Mark Zuckerberg recently returned from a trip to China. Innocent pleasure jaunt for the Mandarin-speaking Facebook founder or connection-making relationship-building fact-finding mission to the land of 450 million potential users? China is certainly not an easy place to do business — they just kicked out Skype — but in a globalized, connected world, it’s certainly tough to ignore. Approximately 33% of its massive population is online and as we all know from the rest of the world, that is growing. It’s an insane market to ignore and smart, Mandarin-speaking audacious visionary CEOs probably aren’t going to shy away from trying. Facebook China. It’s gonna happen.


(3) Goldman’s PR Whitewash The Vampire Squid just attached itself to the buzziest, growing-est, Oscar-nominated-est, Person Of The Year-iest tech company around. Who will remember their year of scandal and record bonuses and how everyone hated Goldman Sachs (sample Gawker headline: “Who do you hate more, BP or Goldman Sachs?“). Goldman’s not there for you to like them, people, they’re there to make money — lots of it. But they did have a bruising year and being attached to the shining future-makers at Facebook (never mind the gatekeeper to the Facebook IPO) will certainly help. This lets them offer something shiny to their clients, and bask in that reflected glow. (And guaranteed cashola.) That doesn’t fool the people who know — I like Howard Lindzon’s take:


For Goldman Sachs, this is a no lose situation. If it works, they get the IPO and make some money. That is their job. They got off so easy with the government that this is like Vegas money they probably thought would be the taxpayer’s at some point a year back…The only thing I DO know is that Goldman could give a rat’s ass about the social web and sharing. If they are the top in social web, it’s small potatoes. The war in bonds, currencies and commodities is where the real money is at. This is play money. I hate that Facebook is letting them in.


This is not a coup for Goldman Sachs, this is a shame for the social web.


Okay I lied. I love Howard Lindzon’s take. So, maybe Goldman’s got an uphill PR sell. But — they’ve also got Facebook. Watch the narrative change.


(4) Bigger Players, Bigger Bets When Lindzon points out that this is small potatoes for Goldman, he’s not kidding. But now the bigger fish are sniffing around and what started as mutterings about a bubble somewhere in the late fall now seems to be turning into a gold rush. (Doesn’t Google and their adorable $6 billion offer for Groupon seem so quaint right now? Never mind Twitter’s recent $3.7 billion valuation.) These are billion-dollar figures, and they are actually now starting to sound…eensy. As Ray Kurzweil points out, when technology advances it does so exponentially — so it makes sense that the explosion of tech startups would chicken-egg in conjunction with an explosion of investor dollars — not just the usual (and educated!) suspects, but people on the sidelines reading about Facebook in their Time magazines and deciding that maybe the Internet’s not a fad, after all. (Yes. These people do exist, and many of them have a LOT of money.) High valuations, big deals, young companies getting scooped up — it’s gonna be a dizzying year.


(5) Sympathy For The Google. It’s official: Facebook has gone from underdog challenger of the mighty Google to the top social-tech dog. So watch for everyone to start rooting for Google again. After a wave of backlash (see here and here), the pendulum will swing back around to rooting for the loveable search giant with the cuddly name. Google can take your pity – its market valuation is almost four times Facebook’s at $190 billion, and its current year revenue is about $22 billion to Facebook’s $2 billion. Back to Lindzon: “I think that Google has to buy Twitter and that will start to be a meme soon. It’s a chess game and nuclear war now in the social space.” That sound you hear is the sound of the tech press collectively wetting itself. Ew. But still — everyone likes to root for an exciting matchup. Expect to see some bold moves from Google, soon — if they’re smart. Big “if” (RIP Google Buzz). But isn’t that how underdogs like it?


(6) New Facebook Ad Models. All that said…Facebook has made a big point about how it hasn’t really focused on the silliness of “making money” yet, despite that $2 billion annual rev and nearly 1 trillion display ads per year. I believe them — can they really not do better than targeted ads for Jewish singles in your area? You bet they can: They also make a point about knowing every little bit of information about you for the ultimate in micro-targeting. The online ad industry is evolving and innovating right along with the rest of the web (see AdKeeper) and the key to dominating going forward will be data — using it wisely to convert your users into dollars for advertisers. This is where smart technology will take user data and figure out how to map it on top of shopping data, so that purchasing intent can best be harvested. The stigma about buying online has now pretty much disappeared. With more people using the web, and mobile devices, more often do run more of their lives, there are big bucks at stake. And I’m not even TALKING about how Facebook is looking to horn in on search.


(7) New Facebook Business Models. They have all these users. All this data. They’d be crazy just to stick with what they’ve got. Hell, now they’ve got fun money just to fling up into the air and see where it goes. They’re poaching the best and brightest who all gush on and on about how “exciting” and “creative” and “free” it is. Clearly these people are getting to work on some fun stuff. So far Facebook has shown itself as adept at replicating the innovations of its competitors (see: Foursquare –> Facebook Places). But with all the resources at their disposal and innovations happening across every industry on every platform, they’d be nuts not to at least test the waters. Hey, that car’s not gonna drive itself. Oh, wait.


(8) People Generally Freaking Out This has already started to happen. First Groupon (“What? But they AREN’T EVEN A TECH COMPANY!!!”) and now Super-Sized Facebook. Entrepreneurs and founders and people with fledgling ideas that are half-built that they’ve been slaving over at night are obsessing about all day are suddenly freaking out that they have to get to market NOW before the bubble pops and the money dries up. Chill out, dude. (And, ladies!) If you’re making something of value, it’ll take. Just focus on it, be smart, and don’t let Twitter and TechCrunch freak you out. (Here, take some advice from these people.) Just a moment of Zen amidst the craziness. All right, now – onward! It’s 2011 and YOU’D BETTER NOT SCREW THIS UP. Haa, just kidding. Mostly.


Well: It should be interesting. Happy New Year, everybody!


Related:

Goldman’s Facebook Coup [Felix Salmon - Reuters]

The Social Web Index … All-Time Highs in Pressure and Price and Shame on Facebook [Howard Lindzon]

Was Goldman wise to invest $500m in Facebook at a $50B valuation? [Quora]

Goldman Sachs Just Bought The Facebook IPO [Business Insider]


Follow Rachel Sklar on Twitter here.


Illustration of Mark Zuckerberg as Avatar-ized Time Person of the Year from Sandbox World (via Boing Boing) (hat tip: Bnter).

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Pitchfork: The Strokes Confirm Release Date for New Record

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Apple shares have dropped after the announcement that CEO Steve Jobs is taking some time off to deal with medical issues. Shares of Apple fell 6.45% immediately after markets opened on Tuesday morning, but quickly made up about half of ...


Friday, January 14, 2011

Start Making Money


Rick Thompson is hoping that lightning strikes another time. Thompson was the chairman and co-founder of Playdom, the social game company that Disney bought last year for as much as $763 million. Now he has started a new game company, Wild Needle, focused on social games with a location twist.


“Wild Needle represents a shift in the way smart money is thinking of social games,” Thompson said in an interview.


It used to be smart to invest in a game company making social games for Facebook. But Thompson is putting money on the idea that mobile is becoming a larger opportunity. His six-person company will focus on making games for the iPhone and then expand to other mobile platforms. Japan’s DeNA validated this “mobile first” strategy when it bought iPhone game publisher Ngmoco earlier this year for $403 million.


Thompson said he isn’t looking for a similar transaction anytime soon. But because of Zynga’s dominance and Facebook’s crackdown on viral distribution, he doubts that small startups can make an impact on Facebook.


Mountain View, Calif.-based Wild Needle has raised $2.5 million in funding from Thompson and Shasta Ventures. Thompson said that he didn’t need the money to start the company, but he did want access to Shasta’s managing director, Robert Coneybeer, who is joining Wild Needle’s board. Wild Needle’s other top executives include Heidi Carson (vice president of product), Chris Kirmse (vice president of engineering), and Minglei Xu (software architect). Thompson also was founding chairman of online ad networks Flycast and Adify. Kirmse is a veteran game developer who worked at Xfire and was the co-creator of Meridian 59, the world’s first 3D massively multiplayer online game.


Thompson said that there is enormous untapped potential in mobile games that use a device’s location awareness and its always-on connectivity to a social network. Mobile games have lower distribution costs and potentially new kinds of game play around location awareness. Smartphones are also likely to be ubiquitous.


“Things go in cycles,” Thompson said. “Facebook is very challenging for startups now because of high-distribution costs and lack of virality. He said he has investments in a couple of Facebook game companies, one of which is Funzio.


Thompson said Wild Needle is aggressively hiring now. Dan Yue, co-founder of Playdom, and John Pleasants, who was CEO of Playdom, remain at Disney. Thompson said the company’s first game will be targeted at women and feature cool game play. He said he doesn’t think he has direct rivals, but other location-based game companies include Foursquare, Gowalla and Booyah.


Next Story: Media frenzy about Verizon iPhone fails to move the needle on stocks Previous Story: Live at Verizon’s iPhone event: iPhone 4 will be available early next month




Love shopping? Aprizi is the Pandora of online fashion.


Fashion and machine learning don’t often make their way into the same conversation. Enter the new era of online shopping: Meet Aprizi, an etymological twist on the French word meaning to learn and the Italian word for prize. “We want you to discover on our site, and we want you to feel like you’ve won something,” explains one of the site’s co-founders Giff Constable.


The home page carousel displays four fashion items at once, and gives you the option to like and dislike each one. After twelve items, the carousel pauses to think, then returns with a new set of items that are smarter and catered towards your taste. This algorithmic approach to shopping is why people in New York City’s start-up scene are calling Aprizi, “the Pandora of online fashion.”



The carousel refreshes slowly but trust me, it’s much faster than a sales attendant learning your taste based on which items you leave on the dressing room floor. While at first, I only liked about 10% of what was offered to me, after two rounds of liking and disliking, the carousel noticabely started to catch on to the fact that I like the color purple, prefer natural looking, funky jewelry and outfits with bold patterns in bright colors.


The site pulls from hundreds of different merchants and includes hundreds of different items, adding about 50 new items a day. Items are selected by Aprizi’s 10 curators who were cherry picked from hundreds of applicants. All items on the site have to meet 3 categories: They have to be special, beautiful or meaningful; they can’t come from a big brand or celebrity and they have to be for sale.


The algorithm learns based on certain repeating semantic tags such as eco-friendly, artisan, handmade and based on which curators you tend to graviate towards. If you dislike heels or chunky bracelets enough, it’s smart enough to pick up on that and not show you heels or chunky bracelets again. However the constraints are flexible to keep a bit of diversity in there, particularly because their user base, mostly women, can be so fickle.


Aprizi also has a neat blog that includes articles titled “Dress Me” for categories like “Warm Weather Escape,” and entries by other cool NYC fashion start-ups, like this recent one from the founders of Of A Kind.


Celebrating independent design isn’t cheap. Almost every item I liked was between $250-$500. So then I started browsing by price and specific category and found neighborhood’s worth of beautiful, affordable clothing and accessories. The site saves all of your likes, as well as items you find on other websites through it’s bookmarklet.


It’s fun to walk down the street in the East Village, but it’s not fun to shop on the web, and we want to change that. -Giff Constable


Co-Founders Giff Constable the design guy and CEO and Liz Crawford, the CTO with a PhD in Computer Science from Carnegie Mellon were introduced by venture capitalists intrigued by Crawford’s work in machine learning. They beta launched in late September 2010 and have been doubling users every month since. In October, they had 2,500 users which grew to 10,000 visits in December. The start-up is currently working within New York’s not-so-secret yet still hush-hush co-working space, General Assembly.


The early-stage bootstrapped business is talking to investors and plans to start making money in the traditional way, you know, by selling stuff. From their users, Giff and Liz are learning a lot about which designers are trending and what’s popular. They plan to use all of that data to sell curated, limited runs of certain items in the near future.


After finding these Robot cufflinks from Etsy on Aprizi, I officially have a new favorite shopping site.





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Apple, <b>News</b> Corp delay The Daily&#39;s debut | iLounge <b>News</b>

iLounge news discussing the Apple, News Corp delay The Daily's debut. Find more Apple news from leading independent iPod, iPhone, and iPad site.

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A wind warning for northern Illinois expired this evening after two days of high winds, with gusts today topping 50 mph through much of northern Illinois and northern Indiana. The warning was in effect today until 7 p.m., according to ...


Thursday, January 13, 2011

online reputation management on-line

The Apple iPhone 4 has almost no where to online reputation management competitor and is currently dominating the smartphone market. The worldwide success story of the device is most certainly well deserved, as the numerous reports of sold out stores, crowds of eager customers in front of stores on launch day and the huge global demand demonstrates this.
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The phone boasts loads of wonderful features which were enhanced online reputation management on line cheap compared to the earlier models of the series. Nearly all aspects of the phone's specifications were not just simply remodelled but completely revamped. The result is a completely new device and not just a renovated iPhone 3GS.
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Ex-deacon accused of stealing from Catholic church - Chicago <b>...</b>

A Roman Catholic parish in West Chicago that has been beset with bad news in recent months received more on Wednesday. The former deacon and bookkeeper at St. Mary's Parish was charged with stealing more than $315000 from the parish to ...

Monday, January 10, 2011

Wotlk Making Money

[blogsearch]
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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...


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Fox <b>News</b> | Gabrielle Giffords | Sarah Palin | Mediaite

Fox News Hits 'Kill Switch' on Giffords Vigil as Mourner Says 'And I Say to You, Sarah Palin'

TaxProf Blog: 2011 Tax <b>News</b>

TaxProf Blog provides resources, news, and information for law school tax professors. It is not affiliated with Auto Didactix LLC's TaxProf, a software-based tutorial for law students in the federal income tax course. ...

Verizon Wireless is ready to make <b>news</b> on Tuesday | 9 to 5 Mac <b>...</b>

It pretty clearly seems to be a sarcastic remark about the large volume of Verizon iPhone stories. This one seems pretty redundant, of course Verizon plans to make news, why else would they call a press announcement? ...

Friday, January 7, 2011

Companies Making Money


Values, Value and Valuation — The money is all relative


Oh how timing sometimes works out to be funny. I was driving home tonight and started thinking about the value of products, the valuation of companies and how the values that a company portrays can change the rest. No sooner had I sat down to write this piece than the news of Goldman Sachs investing $500 million into Facebook broke and refreshed the entire thing in my mind. So let’s look at these three things, and try to see if one manages to sway the rest.


Values


Do you, like me, find yourself more inclined to use or purchase something that comes from a company that you can believe in? The ethos of a company can — for me at least — completely break me away from the product. That very fact, because I feel that I’m likely not alone in my actions (or lack thereof) can have a serious impact on the bottom line of a company.


Look at Facebook, for instance. When the Social Graph was announced and the new privacy changes went into effect, many people threw up their hands in disgust. But many others continued with life as usual, even if a bit annoyed. Why? Because Facebook has this outward appearance of a company that’s simply trying to do cool things, and it needs information in order to do them. The company’s values seem, for the most part, to be in line with the things that we Internet users want. As such, there was a lot more wagging and a lot less barking from the angry dogs crowd.


You’re starting a company? There’s likely something to be said for developing an ethos ahead of time, making it known and then sticking to it. Would Google be where it is today if not for the “don’t be evil” tag line? Even if you don’t fully believe that the company runs that way, you still remember it. Point made.


Value


When value exceeds cost, even by a single cent, the purchase will be made – Grant Cardone


That quote is one that has stuck with me for some time now. A few years ago I was making my living selling cars and it is sometimes exceedingly difficult to overcome the objection of price. In the technology world, we’re constantly being offered products for “free”. The only cost? A bit of information, a slice of our privacy or somethings similar. But then, after using those “free” products, we start to build our own value for them.


Don’t believe me? Just look at some of the things that you likely use every day. Gmail? You’d pay for that. Twitter? You don’t want to admit it, but it’s likely become a valuable asset to your daily Internet life. The same can be said for so many things and yet we get them for “free”. But there’s a down side to this issue as well — it becomes very difficult for a maker to charge for a product when there are free alternatives. Don’t believe that? When was the last time that a box office movie didn’t get a torrent version?


And yet, even as companies try to build value in their products, still others think that the economy allows for them to set their own values and tell us what something is worth. TV networks are probably the most well-known perpetrators of this heresy. Apple TV launched, ABC and Fox decided to jump on board and see what would happen. Some of the rest? They decided that $.99 was devaluing the product and yet as the provider of the product, there is no one entity that is more unqualified to name the value.


Consider it a lesson in business, I suppose. The potential buyer will determine the value of your product. Always.


Valuation


Now here’s a sticky one. Valuation is one of those strange things because it means so many different things to different people. To the potential investors, it’s a measure of how much money can be made. To the business owner it’s a gauge of how well the business has done. To the end user? It’s…honestly not much.


As a case in point, around TNW we love Twitter. We want to see it succeed and we are sure that it will. The valuation continues to climb prior to any IPO and yet, as users of the service, it really doesn’t matter much to us. Sure, it would matter if the site closed its doors, but beyond that there simply isn’t anything about the valuation number that matters.


And so, as an entrepreneur you have to ask yourself where the balance lies. Do your company values allow you to build value in your product? If so, then the chances are that your valuation will end up right where it needs to be. There’s a fair amount of truth in the thought that, if you handle the small stuff, the big stuff will fall into place.


So with that, I offer you a thought going into the new year — start with your values. The rest will fall into place.



Grab your popcorn and Twizzlers, because 2011 is already shaping up to be an exciting year to watch startups and giants do battle for market share and big ideas. If you’re not sure which companies to look out for in the coming year, our writers and editors have submitted their expert picks below.

What do you think? Did we miss any promising tech companies (new or established) that you see making a big splash in 2011? We want — nay, demand — your forecasts in the comments below.

1. Minimal, Inc.

This Chicago-based design firm finished off 2010 by completing the most successful funding campaign in Kickstarter history. Its TikTok+LunaTik iPod Nano watch conversion kits raised more than $940,000 from more than 13,500 backers and garnered the kind of attention that should help launch this company to new heights in 2011. The gadget accessories market has a new player.

~ Josh Catone, Features Editor

2. StumbleUpon

OK, so StumbleUpon has been around since 2001, so it’s not new to the scene. But with Digg’s fall this year and StumbleUpon’s planned release of premium features and publisher pages early this year, it has the potential to scale and be exposed to more users. And considering it’s a big source of traffic for many news sites, it may start investing its time into figuring out how to leverage the site further and connect with its community on the site.

~ Vadim Lavrusik, Community Manager

3. Amimon, Inc.

This Israeli company has perfected its wireless HDTV system over the past years. Imagine plugging a tiny USB device into a laptop, and then displaying its output in full 1080p HD resolution on a monitor 100 feet away, with no lag. Amimon has already introduced one of its own products, but the big deal is the presence of its superior wireless HD standard (known as WHDI, or Wireless Home Digital Interface) chips built inside numerous other products, such as laptops, projectors, TVs and set-top boxes.

~ Charlie White, Senior Editor

4. Bloom Energy

If there is any company poised to revolutionize the energy market, it’s Bloom Energy. The Bloom Energy Server (a.k.a. the “Bloom Box”) changes inputs like natural gas or oil into clean, reusable energy. It’s actually a dynamic fuel cell that creates energy through a chemical reaction. The company has raised more than $400 million to date and is testing its technology with Google, eBay, Wal-Mart and others.

~ Ben Parr, Co-Editor

5. Skype

Its recent outage notwithstanding, Skype has been on an impressive run since its breakup with eBay. Usage is at record levels, and features like group video chat and deep Facebook integration have reminded us that Skype is a top tier consumer and business web company. In 2011, the company is likely to go public, and with it, face a whole new level of scrutiny and expectations. Google will also continue to gun at Skype with enhancements to Google Voice (free U.S. calling for Gmail users through 2011 is an obvious sign of that), making the company all the more intriguing to watch.

~ Adam Ostrow, Editor-in-Chief

6. Tumblr

With $30 million in funding in its coffer and increasing content curation (not to mention 14 book deals born from its blogs), Tumblr could be shaping up into a much more organized — and ad-worthy — hub for entertainment. We’re interested to see if the company spends that money wisely — and how.

~ Brenna Ehrlich, News Editor

7. Clicker

The connected device ecosystem is still evolving, in large part because of the battle over control between content publishers, device makers and consumers. Clicker is managing to avoid the battle itself and is instead focusing on making it easy for users to find content, irrespective of what service that content might use. The company recently branched into recommendations and has mobile apps, supports Google TV and the Boxee Box and has a killer web app.

~ Christina Warren, Mobile & Apple Reporter

8. inDinero


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