Submitted by Louisgray
from Google Reader:
Apple chief financial officer, Peter Oppenheimer, fielded the usual future product questions when he spoke at Citigroup's 15th Annual Global Technology Conference yesterday. His media trainers should be proud - he successfully managed to keep analysts interested while saying as little as possible. Here's some highlights fro (Read More)
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Submitted by Jasongoldberg:
NEW YORK, New York -- July 31, 2008 -- socialmedian,http://www.socialmedian.com, a new social news network that isworking on solving the information overload problem, opened itswebsite to the public today. The public launch follows a four monthinvite-only alpha period with more than 4300 participantsfrom around the world. T (Read More)
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: socialmedian is a user-driven website both in the manner in which it has been developed as well as in the functioning of the site.
The company released its first code to an early set of alpha users in March 2008. Users can submit feature requests directly on the website. More than 350 user-submitted features have been built and launched on the site during the alpha period.
Submitted by Jasongoldberg:
Looks like we're about 7 days from being ready for public beta on socialmedian. 4200 alpha users have given us a ton of great feedback and have helped us ship more than 400 updates the past 4 months. Nervous and busy getting ready for the move from private to public. Or, should we wait for TC50?. (Read More)
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: the last question at the end is over whether to just launch next week when the product is *ready* or hold the launch for a month to launch at the TechCrunch50 conference....if they want us that is which is still tbd. we're discussing.
The rules for TechCrunch50 are that you must be a invite only leading up to their event. So, that would forbid us from opening up to the public next week as we'd like.
: I am pleased with the user design of SM .I critique 24/7 the Usability of everything to be honest. SocialMedian offers information organization tools for the novice to the professional. The ability to add RSS feeds and sources is advantageous. The Rating system of sources and keywords makes your site unique. Letting a user create their own News Network coupled with the innovative "comments" sections are excellent. I have seen launches from the Press Release vantage point never from tech on up. It is your baby, I like it. Great Job!
TechCrunch
MyBlogLog founder Eric Marcoullier sold his company to Yahoo in January 2007 for an estimated $10 million. He left Yahoo in July 2007 with the seed of a new idea germinating in his head - “Make data portability suck less.”The result of that thinking is Gnip, a new service we first mentioned in March 2008 when th (Read More)
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louisgray.com
Often, perception of a site or service's momentum can be self-fulfilling.Even over the last two years of my writing on this blog, the companies I cover have changed, as what used to be relevant has become less so, and new hotshots have come to take their place. But while some niche services are on their way to becoming hous (Read More)
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Submitted by Jasongoldberg:
Hey everyone -- what do you think of the new design?
Have you discovered the roll-overs for people and news networks? (hover your mouse over someone's name in your News Feed). (Read More)
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: You can now filter your news feed by person or by news network by hovering over a person or news network and then clicking on the "Zoom to" button, to zoom to that person or network in your news feed.
TechCrunch
As startups become cheaper to launch, more and more venture capitalists are finding themselves left out in the cold. Either angel investors are beating them to the punch in funding new startups, or Google buys them before any VC even gets to hear the company’s pitch. In fact, angels invested $26 billion in startups (Read More)
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5 years ago you needed a couple million dollars and usually at least a year to get a good product to market.
Today, you can get to market on a few hundred thousand dollars and a few months.
That gap has created a venture gap. Venture firms raised these huge funds and need to invest them. The scaresest resource a VC has is his/her time. It’s challenging for a VC to spend his/her time chasing $250k deals when they need to invest a billion dollar fund. VC’s need to put money to work and they need to see a clear path to turn $5-10M in investment into $200M+ in gain 1/10 times.
This venture gap has provided an opening for angels to not only be the first money in, but to also be bigger players as their money lasts longer and takes companies further.
I’ve heard from many savvy VC’s over the past few months who recognize this venture gap and who are starting to get creative around how to get in first.
The entrepreneur benefits from all this. Good money will always chase good ideas. A few years ago many an entrepreneur was beholden to their VC’s from day 1 — they had to be or they couldn’t fund the business in the early days. Today though entrepreneurs can get further along with less money, enabling them to prove traction before raising VC if they so choose. Angel terms are typically less onerous than VC, another positive for the entrepreneur. That VC’s are now starting to figure out how they too can play in the early early build it for cheap game — also positive for the entrepreneur.