Lykke Li: Get Some

(Via Fred Wilson)

Dropio Acquired

Image by jessica vascellaro via CrunchBaseI was just over at Mark Peter Davis' blog for this blog post and learned there Dropio has been acquired - wow - and by Facebook? Congrats, people.

FourSquare Office, Dropio Technology
Digital Dumbo: Here I Come
Venmo And Frictionless Payments
Social Media Week: The Best NY Tech MeetUp Ever
The Far Future Of Databases At The Dropio Offices
A MeetUp Has Me Excited: Y + 30

How Companies Get Valuated

I don't know a whole lot on the topic. I have a broad idea. I get the concepts. But I have not bothered to master the details. There are too many versions, too many ways they get done. Android is not fragmented, what is really screwed up and fragmented is how companies get valued.

How companies get valuated reminds me of when they taught me several pre-Charles Darwin theories of evolution at high school. They were all over the place. They all lacked the basic beauty of Darwin's theory of evolution.

Dave McClure: Super Angel: Foulmouth

Master Of 500 Hats: July 2010: MoneyBall for Startups: Invest BEFORE Product/Market Fit, Double-Down AFTER.

Super Angels are a recent enough phenomenon that even Paul Graham only very recently wrote about it. There used to be angels and venture capitalists. Super angels have wedged themselves between the two, supposedly wanting to threaten both. Super angels are not your rich uncles, they are not family and friends, they have millions of dollars that they themselves raised, but they are not VCs. They pay way more attention to you than VCs can, they are agile, they have way more money than the traditional angels, and in many cases they are out to make quick money. They are not looking for the next Google, they are looking for the next company Google will buy.

Priority Stream

Image via WikipediaGmail came up with the idea of a Priority Inbox. People have loved it. Finally a cure for the common cold, aka too much email.

Facebook Alternative? Dave McClure Is Full Of It

I am not thinking in terms of a Facebook alternative any more than I am thinking in terms of a Google alterntive, or an alternative to the high end giant Apple. These are stellar companies. Although I do think social is a pendulum swing. Just like social came after search, social is not the final word. There will be a paradigm shift of some sort in a few years. Facebook will also become a giant that no longer occupies the buzz center.

But that is not what Dave McClure is saying. He is talking in terms of an alternative to Facebook itself, another social network that is not Facebook, that is not Twitter. I don't agree, I think Facebook has got the social right, and it keeps innovating the way only having a founder CEO in the driver's seat ensures.

500 Hats: How to Take Down Facebook -- Hint: It Ain't Twitter. (aka: An Open Letter to the Next Big Social Network): Facebook has firmly fixed itself into the fundamental fabric of our friends & families

The Microfinance Fishing Net

"Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime.”

Microfinance is magic. It is the ultimate fishing net. Poverty is artificial. Microfinance proves that.

Mac App Store: Bullshit

Steve Jobs is this genuinely amazing guy who I have fundamental philosophical differences with. After having replaced the browser with apps on his smartphone he has started to talk in terms of an app store also for the Mac computer. We are going backwards in time, folks, if we keep following the pied piper.

Digital Dumbo 21

"Can I come in?" I opened the door slightly and said.

"You are the first person to show. Come in," said organizer Kaitlin Villanova from across the hall.

Event At Hunch: Gender Talk (3)

I got off the train at Union Square because I was running a little early, maybe a lot early. That gave me more walking distance. I take joy in walking. Right by Union Square on the sidewalk I got randomly stopped by an Ethiopian woman with a Masters from New York University who worked for a children's organization. It was a nice talk. I sent her a Facebook email the following day.

Microsoft's Gesture

New York Times: Microsoft’s Push Into Gesture Technology: was buying Canesta, a small Silicon Valley company that specializes in gesture-recognition technology. ..... “I’m excited to be way out in front and want to push the pedal on that,” Mr. Ballmer said. .... could equip PCs, televisions, cars, cellphones and other devices with gesture recognition features. .... James Spare, chief executive of Canesta, who is a former Microsoft executive. “There is no other company more committed to natural user interfaces than Microsoft,” Mr. Spare added..... Last year, Microsoft acquired 3DV systems, a company with similar gesture recognition technology. That deal coupled with the Canest
Image via Wikipediaa purchase may prevent competitors from acquiring these 3-D abilities and cut off potential intellectual property squabbles. Canesta has secured 44 patents in this area and has more pending.

I have a feeling Microsoft just might regain its dignity through this move. I don't see it gaining much traction with either the smartphone or the tablet, but with gesture technology the night is still young. It is not like Steve Jobs is not looking at the same. He is sitting on top of 50 billions in raw, hot cash with vulture eyes. He will snoop. He will want his bite. But at least here Microsoft will not be coming into the arena like an afterthought. They might still screw up the execution but I think they have spotted an opportunity early.

Executive Change At Twitter

New York Times: Why Twitter’s C.E.O. Demoted Himself: for all its astonishing growth, Twitter has succeeded in spite of itself ...... I’ve screwed up in many, many, many ways in terms of managing people and product decisions and business ..... he excels at understanding what Internet users want and contemplating Twitter’s future, but isn’t a detail-oriented task manager.

I don't know much about Dick Costolo, except that he sold FeedBurner to Google like Evan Williams sold Blogger to Google. To Ev's credit, Blogger remains my favorite social media platform, more so than Facebook and Twitter. It is that sentiment that gave me the confidence to speak my mind here: Twitter Is Massively Complex.

First Time Entrepreneurs Getting Screwed

Mike Arrington: "That first company I started made a lot of money for the venture capitalists – nearly $30 million – but next to nothing for the founders."

I have heard this story from someone else I know. His first company got sold for a lot of money - multiples more than Mike's - but he made only a tiny bit of money in the process. In other words, he got screwed.