Nic Is Back

Open Coffee MeetUp: New Location
Web 5.0: Face Time
Nic Butterworth's Open Coffee MeetUp
Scott 2.0, MeetUp.com 2.0

I was running a little late. I got up late. I dillydallied. So instead of at 9:15, I show up around 9:30. I got lost a little. Is the place on 17th or 18th? I went into another coffeee store and asked. I was off mark by one block.

Before that I had bought a 50 cent doughnut. I am a big fan of street food. Gyro, falafel: those can make your day any day. Street food makes you street smart.

The meeting had already started around the same table as last week. Half the introductions had been made. Curiously there was an empty chair that I took, and one person spoke before me. Right time, right place.

Right after I sat down, I noticed Andrea at the other end. We met on Facebook, and are Facebook friends. This was our first time seeing in person. She is substance. She got the ingredients. The confidence. I don't want to be just be a face in fashion, I want to be a power. I dig that. She came across as knowledgeable and daring. She has a promising startup. Only since it is fashion and not tech, to most people present it did not feel concrete. They did not follow. So she talked some banking stuff, "structural" this and that, "Is anyone following?" to which the formerly Goldman guy Scott said he is the only one in the room close to following.

"I want to take over fashion." (She corrected me over email that her startup is "tech.")

"Hi, I am Paramendra, and I am here primarily because I consider it a great learning experience to interact with entrepreneurs at different stages of their growth."

"Tell about your company," Nic said.

"I did that last week." Nic was absent last week.

I proceeded to sum up my venture in two sentences. I talked about my IC as "the frying pan."

It is between the fire and frying pan.

Some interesting ideas were circulated.

Amy sounded real early stage. She got a slight sexist hit from what looked like the biggest name in the room, a guy who later Nic was courting for business. Young guy dabbling in some big bucks. That you need a partner, a boyfriend, husband. It did not sound evil, just mischievous. Tough. In this city, people love presenting tough. Tough is permanent fashion.

If you invest half a mil in a company you value at two mil, that can make you feel powerful, but you stand to make more investing 100K in a company valued at five mil, if it is a promising vision.

Rohit is a transplant from the West Coast. He has a pretty interesting startup. It could be a great application on Facebook, or a stand-alone entity. It will allow you to keep up with the news on your clients, customers. So you can send them quick notes when stuff happens in their life.



When the formal meeting ended, people just stood up. There was much noise, much mingling.

The store manager had to walk over and remind us we were scaring some of her customers away. We needed to stay sitting around one table. You would not run into that problem at the previous Starbucks venue. My favorite MeetUp venue is a living room. The Obama MeetUp does that. (Jeff Kurzon's Living Room, Union Sqaure, Times Square, King Arthur)

Soon thereafter, the meeting ended.

Lefty was back. It was a nice meet and greet.

Scott and I walked over to Union Square. He used to be with Goldman. He taught himself Java. Now he has a startup.

After that I walked over to the Strand bookstore that I got told about last week but did not have the time to go to. I read one chapter in Alan Greenspan's new book, his much talked about autobiography. He is going gungho about Adam Smith and "the invisible hand."

Then a train ride back home. I thought of going to the library near Times Square but decided against it. I bought a small bag of roasted huts, and headed home.

There were follow up emails I needed to send out.

The place Taralucci reminds me of lychee, hence the lychee in the picture.

Before I parted ways, Scott suggested it would be great if the larger NY Tech MeetUp would hold a second MeetUp each month which would be a place to mingle and socialize and network. MeetUp CEO Scott I guess did something along those lines which he called the UnMeetUp during summer when the attendance was low.

I am friends with Scott. I said I would pass on the word. This second Scott was so impressed that I am friends with the CEO Scott. "NY Tech MeetUp is the most impressive collection of techies in the city I know," he said. "But that is not used as well as it can be."

There is Justin Krebs at Drinking Liberally, and there is Scott at MeeUp. Knowing those guys is like status symbol. I got the Scott reaction also at the soccer MeetUp I am part of.

"Oh, you are friends with the CEO?"

He is a very unassuming guy. But very well networked in the industry. Steve Case, Esther Dyson, Marc Andreessen are some of his Facebook friends.

The idea sounded like I wish there were a way to let the Open Coffee MeetUp tap into the human collection of the NY Tech MeetUp. Maybe that is an idea for MeetUp.com: make cross pollination possible across MeetUps. They have a picnic in Prospect Park on the 29th of this month. That is going to be some major cross pollination.

Maybe Scott can add a feature for the MeetUp organizers. If you liked this MeetUp, you will also like, fill in the blank. So Nic could recommend Scott's MeetUp, and he would try to get Scott to recommend his MeetUp to people. Granted the site already has search.

Heck, MeetUp could build an application for Facebook like so many others are doing. It would allow users to search for and schedule their MeetUps without leaving the Facebook interface.

And the members' profile pages should also allow the members to link to their Facebook profile page. That might be better than trying to copy elements of Facebook. Definitely quicker.

Andrea said she wanted to bring along a MTV crew to a future Open Coffee MeetUp. I have a feeling I am going to get famous.

Carly Fiorina: The Academy Awards Of Business: Photos
Carly Fiorina: "The Academy Awards Of Business"
Early Stage Venture Capital

In The News

Goldman's Golden Quarter BusinessWeek While rival investment banks struggled, Goldman used its global reach and subprime savvy to increase profits sharply ..... the undisputed leader of the investment banking sector. ..... Goldman's performance was stellar during a period marked by crisis in the U.S. and European credit markets. ..... Citing a global revenue base and savvy bets on subprime mortgage .... the second-highest in the firm's history. ... included $1.5 billion in losses stemming from the reduced value of assets such as leveraged buyout loans ..... all but sailed through one of the most painful and abrupt financial crises in memory. ...... worse than the stock market crash of 1987 or the credit crisis of 1998 .... Goldman reported record revenue in investment banking, equities, and even fixed-income investments. ...... even though Goldman made some bad bets on the subprime mortgage market, they were offset by others wagering that the subprime mortgage market would fall. Its net position was a bet on falling asset prices ....... clever and swift in exploiting volatility in the mortgage market .... Goldman has benefited tremendously from its globalization. In 2006 it derived 52% of its revenue from outside the U.S. ..... Goldman has one of only two domestic securities licenses in China, allowing it to sell securities on the local exchange, and to "try to capture some of the $3 trillion in domestic savings…and win additional investment banking and trading with a portion of the 250,000 state-owned enterprises that may ultimately go public on the local exchange." ...... China…It is one of the biggest, if not the biggest focus we have ..... Beyond China, Goldman has extensive business in other "hot spots" such as India, Russia and the Middle East ..... a market cap of $83 billion .... $16.7 billion Bear Stearns .... Bear reported Thursday that its third quarter profit fell 62%. ... smallest of the top-five investment banks ... will be able to outpay any of its peers in competition to hire top talent.
Dear Ben: Please Fix the Housing Mess Oversight of the lending industry leaves much to be desired. Whether the markets should continue to work out the excesses or the government should step in with more aid—either through monetary or fiscal policies—is very much an open question and one that the experts are debating vigorously. ..... Years of lax lending standards and aggressive practices by Wall Street banks to fund risky loans have touched off a housing crisis that spans not only the U.S., but the globe. ...... The worst operators have gone out of business and the lenders still standing have seriously reined in bad practices. Big banks and institutional investors, such as hedge funds and foreign pension funds, have taken billion-dollar hits and reassessed their appetite for risk. ..... Some compromises are already on the table
Nasdaq, Dubai, OMX in Tieup A far-reaching deal involving Sweden's OMX Group as well as the London Stock Exchange alters the dynamics in financial markets ..... the fast-growing and rapidly consolidating universe of financial exchanges. ..... This deal is a snapshot of how fast the world is changing. .... The money piling up in the Gulf has to go somewhere ..... the two exchanges figured out that their interests were "parallel; they did not intersect." ... Dubai, meanwhile, wanted to use OMX technology to take a leadership role in emerging markets. ...... one of the world's fastest-growing regions—one that has amassed trillions (BusinessWeek, 3/13/06) in petrodollar wealth over the last few years. ..... Dubai's so-far-successful effort to be the financial center of the Gulf region and beyond ...... Dubai as a kind of New York or London of the Gulf. ..... become the center of capital-markets activities in the emerging markets ....... Borse Dubai .. its new 28% ownership stake in the London Stock Exchange. ....... Qatar on its own acquired 20% of the LSE .... the exchange wars are far from over.
The Debt Market: Signs of Life parts of the debt markets that nearly shut down in August are coming back to life. ..... The rapidity of the recovery in some hard-hit sectors is impressive. .... investors fled to ultra-safe U.S. Treasury bills. ...... investors are making sharper distinctions between risky and less risky securities instead of trashing them all equally
Is Jaguar Facing Extinction? Critics say the design isn't radical enough .... 18 years of failed attempts to revive Jaguar ..... eight full clay models for management to consider
Barry Diller's Web Gaming Play
IAC/InterActiveCorp's gaming foray could revolutionize online games and hurt console makers—if it succeeds .... Web-based gaming ..... Web gaming, which is already the third most popular online activity after e-mail and chat .... sector attracted 28% of the total worldwide online population in May ..... revenue of $3.4 billion in 2005 to more than $13 billion in 2011. ..... launch InstantAction.com, a Web site offering first-person shooter, real-time strategy, and action games of the quality currently found on Xbox, PlayStation, and Nintendo's Wii. ...... users won't need to invest in additional hardware: They'll be able to play through any device with a browser, be it a low-end personal computer, a Web appliance, a gaming console, or even a mobile phone. ..... browser-based games won't require users to download software or install it from a disk ..... InstantAction.com will offer some games free if users view ads. ...... easier, more robust Web offerings would likely bring a flux of new players.
SAP's Down-Market Gamble The German giant's new, Web-based software targets smaller outfits than its usual corporate clients. ....... software, called Business By Design ..... Sept. 19 press conference in New York ..... A company with 100 users could license it for less than $180,000 year ..... SAP's traditional software for managing companies' manufacturing and back-office operations. ...... a computer industry that's shifting quickly toward software delivered online. ...... SAP software's notorious complexity ..... SAP's shares are up just 10% in 2007, while arch-rival Oracle's (ORCL) stock has jumped 21% on growth from a string of acquisitions. ...... SAP's engineering, marketing, distribution, and sales are tuned to reach big accounts (BusinessWeek, 9/14/07), not the fragmented small-business market. ..... Business By Design's price—$149 a month per user— ..... Business By Design will aim for companies that have outgrown Intuit's (INTU) QuickBooks or Microsoft's (MSFT) Great Plains accounting software—plus offer them supply-chain management, customer relationship management, and human resource features. ..... Salesforce.com (CRM) on Sept. 17 introduced programming tools called Force.com that would let independent software developers use its technology to create new software products ...... "I don't know what their slogan will be. Maybe 'the world's most complex software for small business'"
The Maestro Speaks His Mind his willingness to say straight out that "the Iraq war is largely about oil." ....... the leading practical economist of our era .... The liveliest personal anecdote describes his first date with future wife and NBC correspondent Andrea Mitchell. "At the restaurant we ended up discussing monopolies," writes Greenspan. "I told her I'd written an essay on the subject and invited her back to my apartment to read it." High romance indeed! ...... praises Ronald Reagan for "the clarity of his conservatism." ...... Bill Clinton, whom he calls "as far from the classic tax-and-spend liberal as you could get and still be a Democrat." ..... compliments Clinton for having, unlike most politicians, "a preference for dealing in facts." ...... He refused to join the Nixon Administration in 1969 because of the dark side of the newly elected President's personality. ......... George H.W. Bush, in Greenspan's view, did not have a "thoughtful view" about interest rates. And he is upset about George W. Bush's approach to economic policy: "Little value was placed on rigorous economic policy debate or the weighing of long-term consequences," writes Greenspan. "'Deficits don't matter,' to my chagrin, became part of Republicans' rhetoric." ...... reserves his maximum scorn for the congressional Republicans who voted for budgets that were almost guaranteed to produce big deficits. ..... Greenspan's disdain for academic economics. "As elegant as modern-day econometrics has become, it is not up to the task of delivering policy prescriptions," Greenspan writes. "The world economy has become too complex and interlinked." ...... "while politics had not been my intent, I'd misjudged the emotions of the moment." ..... acknowledged that he didn't understand how deep the subprime problem was until very late in his term at the Fed. ..... he gives globalization and financial markets far more attention than technology, despite his identification with the 1990s New Economy (a term, incidentally, that he mostly avoids). ..... "sometime before 2030 the world is likely to be trading ten-year U.S. treasuries at a rate of at least 8 percent."
China's Rising Leaders Beijing's next cadre is market-smart, business-savvy—and perhaps even open to change .... once every five years .. 2,000-plus bureaucrats ... they'll listen to hours and hours of turgid speeches and then cast near-unanimous votes. ..... President Hu Jintao and Premier Wen Jiabao will almost certainly rule for another five years. But below them, a new generation of leaders will likely be promoted into key positions. ...... Many of these up-and-comers have fought in the trenches of China's reform wars, have the skills needed to run complex economies, and have shed earlier generations' mistrust of foreigners. They certainly won't turn China into a replica of the U.S. system. But the dialogue they start with the West may be the most sophisticated yet. ..... they will be more progressive, pragmatic, and forward-thinking ..... many in this generation speak English and have traveled widely. Some have studied at Western universities, and most have advanced degrees in social sciences, economics, and law. ...... Zhou Xiaochuan, currently head of the People's Bank of China. ..... a strong contender for vice-premier in charge of finance. .... He shares major responsibility for opening China's financial sector to big Western banks and brokerages. ..... Commerce Minister Bo Xilai, for instance, may become vice-premier and take over as China's top trade official. Bo would be at home in Washington or New York: "He's stylistically very un-Chinese, a Mayor Ed Koch type ....... his rhetoric is matched by his mastery of the issues. .... Li Yuancho, 56, is a contender for Hu's job. ..... took a backwater northeast town, Dalian, and turned it into an outsourcing center for Japanese business. That made it one of the hottest urban economies in China. ..... these new leaders, once they take over the top positions, might even start to dabble in democracy. ..... Li Keqiang, the 52-year-old ... Wang Yang, 52, who runs China's largest city, Chongqing. ..... local officials who often ignore Beijing's edicts and focus on economic growth, no matter the cost.
Selling Computers to India For years the world's computer manufacturers focused the bulk of their energy in Asia on China. ..... This year, Hewlett-Packard (HPQ), Dell (DELL), Lenovo (LNVGY), and Acer (ACEFF) have all announced major initiatives there, making India one of their key battlegrounds. ....... "All three segments of the market will grow at 25% to 30%," says Rajan Anandan, Dell's general manager for India. ..... India's economy is booming, with growth running at above 9% annually. .... Over the past three years, the average cost of a Windows PC has fallen from $500 to $350 ..... 22 million machines. .... PC sales in India are expected to climb at 20%-plus rates annually through 2011 .... China, though, has some 110 million computers installed, vs. the 22 million in India. ..... The People's Republic has long been dominated by Lenovo, but in India, HP has overtaken local favorite HCL Infosystems .... In March, HP opened a new factory near Delhi, its second Indian plan ..... In August, Dell opened a factory in the southern city of Chennai, its first in the country. The company expects sales of $500 million this year. ...... "In the consumer market, all the growth is coming from notebooks" ..... India is one of the best overseas markets for Lenovo ...... Lenovo is also contending with the departure of South Asia Managing Director Neeraj Sharma, who quit last month to take a job at IBM ...... Taiwan's Acer, which is acquiring Gateway ..... HCL skimped on brand-building for more than a decade ..... it is partnering with Intel .. to produce a low-cost notebook called the Classmate PC. ..... "Our No. 1 challenge," says Venkatesan, "is to make the PC more compelling and relevant."
Confessions of a Debt Pusher He ended up with $13,000 worth of debt that he is now struggling to repay. "I hadn't learned anything about credit cards in high school, and I didn't know anything about them at the time," says Rhoades. "I was duped." ..... maybe that's another person who got a credit card because they wanted a free T-shirt .... "He told us phrases to tell students if they were skeptical about filling out an application," says Rhoades. "He told us to say things like, 'Even if you apply, you can always cut up the card,' and 'It's easy to pay off your balance once you graduate and get a great job.'" ..... lures—the promise of a job and the prospect of just using the card during emergencies— ..... He was pretty successful, signing up roughly 29 students in a single morning. "Most of the students just wanted the T-shirt, and so I told them to fill out the application anyway," remembers Rhoades. "I just told them to fill it out and never use the card again." ....... even though the credit-card application terms and conditions were listed in fine print, none of the students even glanced at them. ..... "Students are rarely given financial literacy training," notes Dahlheimer. "And access to cards in the absence of a warning is like giving car keys to someone who has never been taught to drive." ...... He was just one application short of getting a cash bonus so he decided to fill one out himself. After marketing the cards all morning, he had begun to buy his own sales pitch ..... "They should put warnings on credit cards like they do on cigarettes," he says, "to make sure people know how dangerous the cards are."
Fixing the Credit-Card Mess limit the amount of credit extended to students to 20% of their total income if they have a co-signer, like a parent, or $500 without a co-signer. .... "No industry in America is more deserving of oversight by Congress ..... setting caps on interest rates, late payments .... Credit-card companies, according to consumer advocates, have operated since the early 1980s in a legislative no-fly zone ...... return address is most likely South Dakota or Delaware—states considered safe harbors for credit-card companies because they have no cap on interest rates or late payments ...... Credit in manageable amounts can be a wonderful thing for college students, allowing them to build credit histories and learn to manage money. ...... the Schumer Box, which clearly displays basic information like annual fees. ...... The warning, which would improve on the Schumer Box disclosures, would tell consumers how many years it would take to pay off their balance with only minimum payments, even if they never used the card again. ..... requiring that schools funded with taxpayer dollars disclose the key terms of their contracts with card companies. ..... extra charges and fees. Typically these are levied with impenetrable explanations that leave customers scratching their heads about how to avoid them in the future. ....... double-cycle billing. ..... Under universal default, a consumer who has two credit cards and never misses a payment on one card but fails to pay the other card on time can see the interest rates charged on both cards rise. ....... 8 in 10 banks still practice universal default ..... "pay to pay." .... ban any fees imposed for on-time payments by phone. ..... credit cards have become the most profitable arm of the banking industry. .... the explosion in money they've brought in from special fees and charges .... banks pulled in $17.1 billion from credit-card penalty fees in 2006 .... wide latitude to raise the interest rates and fees .. One common clause in their contracts is known as "any time for any reason, including no reason." .... Information is the lifeblood of a market economy. ..... crippling debt that could potentially harm their chances of getting a good job or an apartment. ..... the affinity contract between Virginia Tech and Chase.
Vodafone Eyes First Mideast Deal still in the hunt to win a contract to build a new mobile phone network in the Gulf state. ..... new Qatari licence could cost over $300m .... Vodafone has invested in high-growth emerging markets, most notably in India ..... Vodacom, the African operator of which it already owns half, and has invested heavily in Turkey and Egypt, pursuing growth in emerging markets while cutting costs and launching broadband services across Europe. ...... would strengthen Vodafone's hand in pursuing investment opportunities in other Middle Eastern countries
One Giant Leap for Entrepreneurs the $2 million first prize in the DARPA Urban Challenge—a series of races with driverless vehicles ...... sophisticated, unmanned vehicles for use in urban combat zones ....... the search giant's competition to land an unmanned vehicle on the moon and complete a series of tasks ...... the Google competition is an incentive for the emerging private space industry to build exploration technologies faster and on a tighter budget than the government ....... wily entrepreneurs like Whittaker .... deep-pocketed tycoons like Allen. ...... NASA, which plans to return a manned vehicle to the moon by 2020, makes no secret of the fact that if private entrepreneurs can build better technologies for cheaper, it will adopt them. .... it has awarded $200,000 to Peter Homer, who designed a better astronaut glove; and $250,000 to various entrepreneurs who engineered Jetsons-like personal air vehicles. ..... placing the bar so high is necessary to get great innovation ..... "The day before something is considered a breakthrough, it's considered a crazy idea, and the traditional industry will react against it" ..... in 1919 offered a $25,000 reward for anyone who could fly a nonstop flight across the Atlantic. ..... "As in any enterprise, the trick is not to spend your own money," he says. .... Japan, China, India, and Russia have all announced plans to fly to the moon .... create new industries or change existing ones.

Open Coffee MeetUp: New Location

Nic Butterworth's Open Coffee MeetUp

I was there when Nic launched the Open Coffee MeetUp. The dude is a minor tech celebrity locally. And the turnout was good. More than 20 people showed. I kept coming a few times. It is not like investors did not show, and plenty of entrepreneurs. But the investors were institutional ones who would be good for round 2, round 3, round 4, kind of. They did not click with my seed money needs. And then I dropped out, kind of. Then I got slightly distracted with things Obama.

Now I am back. I went two weeks back. Noone showed up. So I left at 9:15. I met someone - Hilary Rowland - who I knew had RSVPd and who I met again at the NY Tech MeetUp - that 800 pound gorilla of MeetUps - and she said she did go. I did not see Nic, I did not see her, what was going on?

"We were in the corner in the left," she said.

Hmm.

Ends up I was in the wrong location. Nic started at the Astor Place Starbucks. Now it is a different location, better for me since now I don't have to change trains.

I set my alarm for seven. How about tomatoes for breakfast? Makes you feel cutting edge, healthy eating and all that.

I show up at nine. Only one other person was there before me, someone I had emailed before on the MeetUp system, but did not have a face for.

Facebook Group: New York Open Coffee MeetUp
Prospect Park Pick-Up Soccer
NY Tech Meetup

Nic set it up for a Thursday morning on purpose. Jobholders and entrepreneurs are two different species. He wanted to weed out the former.

Slowly people gathered. Nic did not show, but someone from his vertical video search company did. It was a good size crowd,more than a dozen. You get the intimate talk at the Open Coffee MeetUp that you don't get at the NY Tech MeetUp. That second usually has 500 people in the audience and presentations. Afterwards you interact for a few minutes with the celebrity presenters, like last time I did with the DoubleClick guy who sold it to Google for $1.6 billion. Now, that is some big fish.

Scott had also sold Fotolog for $90 million only a week before. So I needed to congratulate him.

I introduced myself saying I used to come here looking for investors, but I am here now primarily because I consider it a great learning experience to interact with entrepreneurs at various stages of growth.

Someone took the initiative to break the group into two. One for current affairs. I chose to stick with the second.

Lefty said his name was Lefty.

"Is that really your name?"

"When people say Lefty, I respond."

The actual name on his card was even more exotic. Leftonred Atanycorner. Dean is a consultant who helps early stage companies. He told me I had emailed him. Have I?

He said he was not interested but he came to sit near me twice. That is a lead to follow through.

Arnaud recently moved here from France. I could hardly pronounce his name.

This was my third or fourth time meeting Mark. The first two times I met him at Drinking Liberally, Rudy's, near Times Square. He was with The Huffington Post. Then I also saw him last week at the NY Tech MeetUp and waved him hello from a distance. Another person I was surprised to see there was Carlos, one of the top Obama volunteers in the city. His CEO ended up the guy who had sold his company to Google. I am impressed, Carlos.

Mark personally knows Arianna Huffington, of course. Yahoo, Salon ("Slate," he corrected me fast) and The Huffington Post had just hosted the first ever online only presidential debate, mashup, to be specific. We talked about that a little. By the way, Arianna Huffington is a Facebook friend of mine, as is Howard Dean, and Matt Damon, and Hilary Rowland, and Andrew Rasiej, and Greta Van Sustern at Fox News who has written a few times on my Facebook wall.

Yahoo: The First Online Only Debate

After everyone had left, Mark and I kept talking. Ends up he also lives in Brooklyn, "the most residential of the four boroughs," I said. I have been meaning to go to the Drinking Liberally in Brooklyn.

We talked. He gave me some very good advice on my startup. Then we talked soap. Then we walked to Union Square where I took the train to Astoria where I was meeting a former Nepali ambassador to Qatar for lunch. He is flying back to Nepal on Monday. We talked for hours.

The past two years I have met most of the top Nepali politicians here in the city including two former Prime Ministers one of whom said to me, "Thanks for saving me."

Lance I had seen once before. He was back. He was sitting next to me, but he ended up in the Current Affairs group.

Vlad, now that is a Slavic name.

JP has a real interesting startup. It is a social networking site. But it looks like a desktop application. There is the free part, and there is the premium version, so no ads. "Distraction." He is half Chinese, half Hispanic. He speaks Spanish.

Troy is in the mobile space. That is exciting. So much going on in that space.

I got engaged in a mini conversation with him. I could propose Christmas be celebrated in January but that is not going to happen, it is ingrained in the culture; do you think America's lagging behind in the mobile domain is partly cultural, I asked. He said it was more to do with the regulatory framework. The tiger had not been unleashed.

Not my space, though. I empathize with the Homo Sapien that needs the screen and the keyboard to be a certain size.

Frederic.



An Asian young woman who did not have her card with her, but who had a startup "that I can't tell you much about."

Hmm. I should use that line. If I tell you more, I will have to kill you.

Facebook Group: NY Open Coffee MeetUp.

"The IC is going to be like a frying pan, like a rice cooker. It is not the technology of it. It is the business part that is going to be amazing."

The Open Coffee MeetUp is a great Thursday morning thing to do. And the monthly NY Tech MeetUp is where you start the month.

Soccer on Sundays. And you got it all made.

"I live in Little Bangladesh. Prospect Park is the best part of where I live."

Scott 2.0, MeetUp.com 2.0

In The News

Analysts Mull Apple's Interest in Wireless Auction PC World
South Korea nears antitrust decision against Intel InfoWorld
Cisco Appoints Naresh Wadhwa to Lead India and SAARC Operations NDTV.com
Cisco® has appointed Mr. Naresh Wadhwa as President and Country Manager of its India and SAARC region (South Asian Association for Regional Cooperation). He will report directly to Mr. Owen Chan, Cisco’s President, Asia Pacific Operations. .... Prior to Cisco, Naresh worked with 3Com Asia Ltd and Wipro Infotech in India. ...... Mr. Wadhwa has a degree in Engineering in Electronics from Mumbai University. ..... the worldwide leader in networking
Teenage Disney star apologizes for posing nude Xinhua "High School Musical" is Walt Disney Company's most successful show over the last two years generating profits to the tune of 1 billion U.S. dollars. ..... the photograph was allegedly taken by Zac Efron, Hudgens's 19-year-old boyfriend, and her co-star on the show. Together, the couple are by far the biggest "tween" stars in America
AMD: Is closing the quad-core deficit enough? ZDNet the launch of AMD’s single-die quad-core milestone processor. ...... Intel’s soon to launch 45nm chip takes the die size down to an even more manageable 107mm squared.
Quick Take: Dell Comes Out of the Storage Closet Motley Fool Storage networks are a reasonably cheap way to keep pace with the digital Everest of data that businesses must track. ..... By choosing to go "mostly" direct, Dell is eschewing services partners who could make the MD3000i a hit. And, worse, it's blowing a ripe opportunity to become a consultative partner to fast-growing small businesses
Dell reports strong storage sales Bizjournals.com
Dell launches storage systems for small businesses Reuters a new computer data-storage system on Monday targeted at small businesses, one of the storage market's fastest-growing segments. .... the devices, which start at about $7,000 and run to $13,000 ..... the growing backup needs of small businesses grappling with ever-increasing amounts of data. ....... iSCSI, an Internet-enabled alternative to other methods for connecting computers to data storage. ..... Small businesses, defined by Dell as employing 20 or fewer people ...... the fastest storage revenue growth of major data-storage vendors in the second quarter, increasing nearly 24 percent to an estimated $405 million ...... HP is the world's biggest PC manufacturer. ..... Dell earns about 85 percent of its revenue from businesses, with consumers accounting for the rest. ..... "What you are starting to see emerge is a bit of a different focus where we are pointing the company into different areas," CEO Dell said. "We're making a number of long-term investments," which include the new storage system.
Painless Drug Injections ABC News
HP Inkjet technology to be used medicinally Monsters and Critics.com
Dell's 'Veso' appliance runs on four-core Opterons and thin VMware Register
VMware's Diane Greene Sees Virtualization Embedded In Servers InformationWeek will soon ship servers with a hypervisor pre-installed, allowing customers to activate virtual machines shortly after turning on the server ........ The simplest way is to add a flash memory device to the motherboard of the server. The device holds a stripped down, 32-megabyte version of ESX Server called ESX Server 3i ..... "Virtualization really does simplify IT" ..... Microsoft's upcoming Windows Server 2008 is due next February, with the Viridian hypervisor to be added within six months. ...... The shift by the hardware makers to embed virtualization illustrates how far virtualization of the data center has come in a year's time. At VMware's annual user group meeting last year in Los Angeles, spokesmen on stage debated when virtualization would cease to be a specialized niche and enter the mainstream. That debate appears to be over with virtualization's adoption by the hardware manufacturers. ....... You can dynamically scale your infrastructure with embedded hypervisors and "drag and drop virtual machines off of network attached storage.... the notion that an embedded hypervisor or any other hypervisor will one day replace the operating system ...... A hypervisor, on the other hand, sits between a virtual machine's operating system and the processors, routing communications between the operating system, the CPUs, and other system resources. ...... can activate disaster recovery if necessary, firing up stored images of failed systems ....... a neutral virtual machine file format called Open Virtualization Format.
New stocks for 'Today's List of Top Growers' CNNMoney.com The new additions have little debt and offer well-above-average growth. ..... The case for replacing Dell is simply that the computer-maker's results have deteriorated, and it's not clear how it can restore rapid growth. Dell's greatest strength has been cost-efficient production of made-to-order PCs. The company has had initial success broadening that business by selling through Wal-Mart and other stores. But managing large inventories will make it harder to maintain profit margins. ...... Corning, the leading maker of optical fiber.
Review: Hewlett-Packard's Blackbird 002 gaming PC San Jose Mercury News
Cisco Continues to Deliver on Data Center 3.0 Vision by ... CNNMoney.com Cisco® (NASDAQ: CSCO) today announced the integration of Cisco VFrame Data Center with VMware Virtual Infrastructure, a key solution for the Cisco vision of next generation data centers, called Data Center 3.0. ...... increased IT agility and flexibility, faster coordinated provisioning of storage and network resources, and improved business continuance. ...... The Cisco vision for Data Center 3.0 entails the real-time, dynamic orchestration of infrastructure services from shared pools of virtualized server, storage and network resources, while optimizing application service levels, efficiency and collaboration. Cisco and its partners are helping organizations to design and build virtualized, self-defending and efficient data center infrastructure for delivering superior application performance and user experience.
Online-Only Forum With Democrats New York Times The sponsors have been looking for ways to keep the forums fresh, which has mostly meant experimenting with the format ....... This is not being broadcast on television but will be available tomorrow on a computer near you. .... He finds lengthy dialogue more revealing and would ideally like to see Lincoln-Douglas-style debates across the country. “Great moments in conversation come as part of a flow,” he said. .... success will be measured not in live ratings after an hour or two on a single evening, she said, but in traffic to all three sites over a period of time, in links, and in seeing how long users stay with the material. Users will have a week in which to vote on whom they think won.
SAP, Oracle agree to reschedule court hearing to Sept 25 Forbes
Sun Expands Alliance With Microsoft The Associated Press is the latest twist in a truce the companies, once bitter rivals, hammered out in 2004, when Sun pocketed $1.95 billion in a settlement payout from Microsoft over antitrust and patent allegations, and both companies vowed to make their products work better together. ........ Microsoft, the world's largest software company, stands to gain from the agreement because of Sun's reach in the server world. Sun is the world's No. 3 server seller with 13 percent of the worldwide market, behind IBM and Hewlett-Packard ....... the momentum surrounding so-called virtualization technology, which allows computers to run more than one operating system, saving hardware and electricity costs while boosting the performance of giant, energy-sapping machines. ........ Sun and Microsoft vowed to make sure their respective operating systems worked well with one another's virtualization technologies, a commitment that could help both companies prosper from the trend toward data center consolidation and urgent efforts by technology managers to reduce energy costs. ........ Sun's attempts to shed its image as that of a quarrelsome startup that in the late 1990s was eager to pick public fights with big rivals. ....... Sun is becoming a more restrained and inclusive company willing to forge alliances ....... the growing open-source movement in hopes that it will sell more hardware and services as more companies and programmers start using Sun's free technologies.
Microsoft Makes an OEM Out of Sun InternetNews.com the warming in relations between the two firms over the past three and a half years.
Wal-Mart touts return to low prices BusinessWeek after disappointing results from last year's push into trendier clothes and merchandise. ...... the world's largest retailer.
Sirius-XM Merger: Costly Static
American Families Now Save $2500 a Year, Thanks to Wal-MartCNNMoney.com up 7.3% from $2,329 in 2004. ...... the continued reduction in prices due to the presence of Wal-Mart and the growth in consumer expenditures over the 2004 to 2006 period translates directly into savings for consumers amounting to $287 billion in 2006. This corresponds to savings of $957 per person or $2,500 per household. ...... http://www.SaveMoneyLiveBetter.com featuring the new ads, customer testimonials about how they've saved money by shopping at Wal-Mart and behind-the-scenes footage http://www.livebetterindex.com or http://www.walmartfacts.com
Wal-Mart rolling out new company slogan Reuters.uk
Wal-Mart Dealt Another Blow in Expansion Plans in Bay Area NewsBlaze
Wal-Mart takes charge tied to German sale Reuters.uk
2 new tropical depressions emerge in Gulf, Atlantic Sun-Sentinel.com
Oil tops $80 a barrel, an all-time high CNNMoney.com
Sun to pre-install Windows on its servers TG Daily
Sun Expands Alliance With Microsoft The Associated Press
FCC: US doesn't need free wireless broadband Computerworld The FCC once again is siding with big telcos at the expense of consumers. This time around, it killed a plan that would offer free wireless broadband to 95% of the U.S., making use of a piece of the wireless spectrum that's unused. Are you surprised? ...... M2Z networks has been asking the FCC for months to approve an innovative plan that would bring wireless broadband to just about every consumer in the U.S. M2Z wants to use 20MHz of unused spectrum in the 2GHz band to build two nationwide wireless networks -- a free one with 384kbps download speeds, and a for-pay one with 3Mbps speed that would cost between $20 and $30 a month. ........ The deal would work like this: M2Z would offer the free service in exchange for use of the spectrum, which right now lies idle. The company would pay the U.S. 5% of its revenues in return for use of the spectrum. ..... The plan is no pipe dream from a flaky startup. The company is founded and headed by John Muleta, who is the former chief of the FCC's wireless bureau. ..... Because big telcos told them to. The spectrum was used previouly by big telcos for microwave connections, but is no longer needed, so it lays idle. Even though big telcos aren't using the spectrum, they'd like to keep squatting on it, in case they come up with a use for it. So the FCC lets them keep it.
Rev. Jesse Jackson Endorses M2Z Networks' Plan for Free, Family ... Earthtimes.org Rainbow PUSH Coalition (RPC) founder and President Rev. Jesse Jackson, in a September 7 letter to Federal Communications Commission (FCC) Chairman Kevin Martin, endorsed M2Z Networks' (M2Z) plan to provide free and family-friendly broadband Internet access across the country. Rev. Jackson urged the FCC to work quickly to make this a reality for all Americans...... "The RPC supports M2Z Networks, Inc.'s (M2Z) plan to level the playing field for broadband access in the United States and to help connect millions of underserved Americans," wrote Jackson in the letter, adding "Moreover, we believe that the FCC has a moral obligation to promote justice and equality by extending the critical opportunities of the information age to all Americans.".... "For more than 16 months since we first proposed our plan to the FCC, M2Z has been ready to provide a free and family-friendly broadband Internet service across the country," said M2Z Networks' co-founder and CEO John Muleta. Muleta added, "We have consistently urged swift action to put fallow spectrum to use so that all Americans, not just some Americans, can enjoy the right to full participation in the digital age and fulfillment of the American Dream. This is the FCC's statutory obligation to the American people." ...... Section I of the Communications Act requires the FCC to act to make communications services available to the public at reasonable charges "without discrimination on the basis of race, color, religion, national origin, or sex, a rapid, efficient, nationwide, and world-wide wire and radio communication service with adequate facilities at reasonable charges." Is this vein, Rev. Jackson wrote "It is critical the FCC make it a priority to establish a free nationwide broadband network as the benefits of broadband cannot be reserved only for those members of our society with sufficient disposable income to afford a monthly high-speed connection." ..... Founded in 2005 and headquartered in Menlo Park, Calif., M2Z Networks' goal is to transform the current state of the broadband marketplace by building a high-speed wireless network throughout the United States. In May 2006, the company submitted a license application to the FCC to construct and operate a nationwide broadband wireless network in the 2155-2175 MHz spectrum band. Approval of the initiative, to which the FCC recently has indicated it would extend consideration in a forthcoming rulemaking, would guarantee delivery of free, fast and family-friendly wireless broadband service to at least 95 percent of Americans in a 10 year timeframe. The service will be supported by locally targeted search results and will include a network-level filter to shield children using the service from indecent content. If licensed, M2Z would pay the U.S. Treasury 5 percent of annual gross revenues from its premium subscription services, which could total payments of up to $1 billion over 15 years. The introduction of M2Z's broadband service would generate $18 to $32 billion in direct consumer benefits over the next 15 years according to two uncontested economic studies. M2Z is backed by Kleiner, Perkins, Caufield and Byers; Charles River Ventures; and Redpoint Ventures; three of the most successful venture capital firms in Silicon Valley with $5 billon of capital under management. For more information, please visit http://www.m2znetworks.com and http://www.freebroadbandnow.org
Is free nationwide wireless broadband dead? Computerworld "the proper way to allocate this spectrum in the manner that best serves the public interest is to conduct a general rulemaking." ...... He described four different options that the FCC should consider for dealing with the band, including opening it up for unlicensed use, designating it as an "open access model that would combine wholesale broadband access and a Carterfone mandate," using it to create a free nationwide broadband network that would be supported both through advertising revenue and revenue generated from premium service fees, and licensing it through an open auction. ....... he wants to see the band used to create a free wireless network that will be funded by advertising. The idea is to make the Internet more like analog radio and television, where people can tune in for free in exchange for being exposed to advertisements. ...... "A lot of the big carriers want to forestall competition, and the longer they make us wait to deliver our services, the better it is. ... Americans are dying for broadband, and it's not that it's not available; it's just incredibly expensive. We're offering a free service that's being retailed today for $40 to $90 a month." ....... the early days of citizens' band radio, which he described as "a free-for-all that ultimately led to a lot of interesting ideas." However, he noted that the prospects for getting the current FCC to make the 2,155-to-2,175-MHz band unlicensed are grim. ....... "The FCC has long history of wringing its hands in public, and often what they do is most politically expedient thing, which means going to go through the same traditional auction," Jude said. "That seems to be the path of least resistance, and it has a lot of attraction for politicians." ....... "You're either providing Internet access -- and the good, the bad and the ugly that entails -- or you end up becoming a government censor, which has incredibly scary connotations," he said. "Likewise, how advertising works on a free tier is vitally important. Ads should not be intrusive or end up degrading the user experience." ........ "Opening the band up for auction a la the 700-MHz block is probably the worst idea of the lot," Meinrath said. "Let's have an auction that actually generates benefits that people will directly experience."
WiMAX CASE STUDY: Ertach’s WiMAX Experience in Argentina WiMax.com 1998 .... Ertach was awarded licenses of 50 MHz of spectrum in the 3.4-3.7 GHz frequency band for data transmission and value-added services. Today, the company is one of the leading providers of broadband wireless solutions in Argentina and Latin America. ..... In 2003, Ertach launched the “First National Broadband Wireless Network,” an expansion plan that covered 40 new cities in only 12 months. .... “We saw in WiMAX a promising opportunity. We adopted the 802.16-2004 standard and the growth possibilities of the company multiplied” ..... In 2004, Ertach deployed “The First WiMAX Network in Latin America,” providing internet access, data transmission, and Voice over Internet Protocol (VoIP) with the standard 802.16d. “In the short term, WiMAX provided us with many benefits such as the possibility of providing our customers with bandwidth speeds of up to 10 Mbps and QoS that allowed us to strengthen our business and equally compete with the other telcos; in most cases we were able to improve upon their price offerings and quality” .....In late 2006, Ertach was acquired by Telmex for a total of US$22.5 million.... the new wireless strategy of Telmex to compete against Argentinean fixed incumbents (Telefonica and Telecom Argentina). .... Telmex, together with Motorola, is conducting trials of WiMAX in the greater Buenos Aires area as well as in the cities of Cordoba and Mendoza. The company expects initially to target the residential and SME segments. In addition, Telmex and Motorola have 30 active trials in other countries across Latin America..... WiMAX tariff plans start at ARS 245 (US$77.65) for downstream speeds of 256 kbps. ..... Cable and DSL continue to be the most used technologies by Argentina’s mass market, not only because of their lower cost than wireless but also because of their greater availability. ... the launch of “True Mobile Broadband” with technology 802.16e. The company expects to bring its customers a true mobile WiMAX experience by 2008.
Increased Interest in WiMAX Will Impact the Cellular M2M Market Cellular-News the cellular M2M market will be impacted by the growing momentum behind the deployment of WiMAX as a next-generation WWAN communications technology. WiMAX is even more spectrally efficient and cost-effective to operate in carrier networks when compared with W-CDMA and CDMA EV-DO, making WiMAX very suitable for low data rate, low ARPU M2M applications ...... "Sprint and Clearwire are the two most significant service providers deploying WiMAX in the United States. ..... Clearwire - a Craig McCaw startup that has received $600 million in venture backing from Intel and $300 million from Motorola

The Unfacebook

I am a huge fan of Facebook. I check in not as much as into my Gmail account, but it is close. I think things will only get better. I love the video clips I can access, the music, I am enamored with its personality tests. One test told me what I have long suspected, that I am "an advocating inventor." Too many people think of me as a politician. I also like the scrabble I saw and added yesterday. There is no time limit. You make your next move the next time you log in. Wow.

Most of my "friends" at Facebook are people I have never met though. I have met a few cool people who do interact, but most are people who okayed the friend request and then were gone.

In the way I use Facebook might be the germ of the Unfacebook.

Facebook is a walled garden. It is designed for you to more efficiently stay in touch with people who you already know. And I am thinking, what a waste.

What if you want to go online with the express intention of meeting people? Real people? People that you otherwise do not know, will not meet?

So you create a site. And it allows users to create an extremely detailed profile of who they are. Like extremely, extremely detailed. By the time you are done, it is a pretty good snapshot of who you are. Not everyone has to completely complete it, of course, and it is just that people will know how much of your profile you have completed.

So you create an account. And you log in. You complete your profile. Then you want to go meet people. How would that work?

People's names and photos will not show up when you do searches. Instead you will have to seek areas of interest, or hobbies. You will have the option to narrow down your geographical area. Maybe you just want people in your city. Or not.

It will not be just interest. It will also be level of interest.

There will be social interests, there will be cultural interests. There will be work related interests. There will be activity interests.

You seek grounds of common interest. And you explore the depth of the interest.

As you get to know each other more, you exercise the option to share a little bit more of your extremely detailed profile.

Detailed personality tests will be kind of mandatory. And there will be automatches based on pesonality type, areas of interest, geography, social choices, etc.

I guess what I am getting at is, you will get the name and the face of the person towards the end and not at the beginning like happens with the current hot social networking sites.

Often times you will meet people and strike a small conversation, and you realize you have run out of steam, there is nothing much to explore, nothing much to talk about anymore, and you move on. You don't bother to know more about the person, let alone learn their name and figure what they look like.

Or you might meet people you do want to share your name and face with early in the process, if you feel like it.



The power of the internet is not the people you already know. The power of the internet is people you can meet and get to know that you never would have if the internet were not there.

This concept can also be extended to group formation.

Groups would self form, grow or dissolve based on shared interest and engagement. And it could be scaled. Maybe there are 1,000 people who want to discuss the raging fires in Greece right now. But that group might have died out in about three weeks.

This will also work great for people who belong to ethnic groups that are small in number and are dispersed.

And of course the whole site should make great use of the rest of the web.

Maybe there should be automatic Google searches and YouTube searches for all areas of interest.

So if my interest is Barack Obama, I would get the top 5 headlines on him when I log in, and the headlines should be top, middle or bottom of the page depending on how much I am into Obama according to the system. Do I talk about him a lot?

The system should make room for degrees of friendship. There should be an entire spectrum.

Best friend is at one end. Block this person from my system should be another. He should never be able to contact me again.

There is the activity partner. There is the acquaintance. There is the colleague. There is the friend. There is the conversation partner, the game partner. There is the lover.

I think this Unfacebook is closer to our social realities and how we go about meeting people when we want to meet people and expand our social horizons.

Somebody could launch this Unfacebook, or like Facebook 2.0 was all the applications, Facebook 3.0 could be this Unfacebook. And if you do adopt this, invite me to sit your Board, fellas.

And after you feel like you have become friends with someone, you of course will have the option to bring them into your walled garden, into the Facebook 2.0 zone, the Facebook of today, the Ununfacebook.








Mark Andreessen, Facebook Fan: Analyzing the Facebook Platform, three weeks in

Money For Yahoo And Money For Google

Yahoo

Yahoo wins on the sticky factor. Yahoo visitors linger around longer. And so the Yahoo properties are better suited for ads that are dedicated to building brand names rather than pay per click text ads. Image ads are the answer for Yahoo. It might even have an edge for video ads. And video ads will be big money.

Yahoo is not anywhere near to beating Google on search. Google's search is an invention. Yahoo should keep at it, but it might be wiser to augment its strengths, and it does have those.

Semel is and has been an old media guy. He had a wonderful career during the pre dot com era. The guy is outstanding. But he did dampen innovation. He just did not "get it."

Jerry Yang might not be an MBA, but he has the instincts of a pioneer. He knows what it means to keep sniffing at the cutting edge.

Yahoo was hot property when Google was a non entity. Yahoo was so big and Google so small, Yahoo actually invested in a startup called Google. Yahoo back then did not foresee the Google potential, or they would not have passed on the opportunity to buy Google. That was years before Google offered text ads that have been minting gobbles of money.

In short, Yahoo is better suited for image and video ads. Google will continue with its edge on text ads.

And Yahoo Mail, that needs a major facelift. Make it easier to fight spam, danggoneit.

Google



Google needs to do two things fast it can.

One, figure out a way to add a two second ad at the end of the video clips on YouTube. It is like when you blog at Google's Blogger, placing text ads on the property is so easy. It should be that easy for users to monetize their original videos. But the ads should not distract. They should not be a 30 second video in the middle. Rather an image ad at the end.

Marry Blogger to mathematics. Make it possible to put down equations easily. Do calculations. The property will go up in value for that.

In The News

How Yahoo can catch Google San Jose Mercury News Compared with most companies, Yahoo is in good shape. But Yahoo's problem is that it's compared with Google, one of the fastest-growing and most profitable companies in the world. ..... more popular products that keep people on its site longer than any other property on the Web ....... Yahoo shouldn't try to out-Google Google ..... collection of highly popular Web sites and services ..... his company's uncanny ability to identify Internet services that resonate with ordinary Americans ..... Google has been earning 12 cents a search, compared with 8 cents for Yahoo. ..... uses math to figure out which ads are likely to get clicked on by Internet users, and it places them in the most prominent positions ....... Yahoo grew revenue a respectable 22 percent from 2005 to 2006, from $5.3 billion to $6.4 billion. But Google grew 73 percent from $6.1 billion to $10.6 billion. ..... he said Yahoo could still be No. 1 in search. "We need to figure out how to differentiate, and the way the current search game is being defined is not being defined by us." ...... average Internet users spend more than 11 minutes each time they visit Yahoo, compared with less than six minutes for Google and less than four minutes for Microsoft. ..... "They have the strongest reach and engagement on the Internet" ...... Yahoo's data on users could bring success during the next phase of the Internet, which he believes will include highly targeted, individualized advertising. ...... "Just like any other company, Google is going to mature and decline," Rafer said. "What comes after search advertising? You can beat your head against the wall. Or you can plan for the future for when Google is a one-trick pony."
Google's Iowa arrival should bring investment, jobs UI The Daily Iowan (subscription) create 200 jobs ..... an average salary of $50,000 each .... will pay the state an estimated $65 million in property taxes over the next 15 years. ..... combat Iowa's brain drain issue.