понедельник, 7 апреля 2008 г.

Social Investing Network Covestor Raises $6.5M from Union Square, Spark [Silicon Alley Insider]

covestor-logo.gifCovestor, the London/NYC-based site that lets amateur stockpickers show off their portfolios, has raised a $6.5M Series A. Union Square Ventures and Spark Capital led the round, joined by Amadeus Capital PArtners. Todd Dagres of Spark and Albert Wenger of USV join the board.

Betaworks, the holding company which had put seed money into the business along with Howard Lindzon and others, doesn't appear is re-upping in this round.

Not a huge surprise to see USV backing the company: Fred Wilson has been an early fan, (and a struggling speculator).

See Also: Covestor's Amateurs Get To Gas On Like Pros

Facebook Settles ConnectU Founder Lawsuit [Silicon Alley Insider]

connectu.jpegFacebook has reached a settlement with the brothers Winklevoss, who allege that Mark Zuckerberg ripped off their idea for a college-based social network, the NYT reports. No terms disclosed.

The brothers didn't appear to have the strongest of cases last summer. And given that the case has already led to an embarassing depantsing of Zuck, via the release of trial depositions, and a fruitless attempt by Facebook to quash their release, it's hard to argue that Facebook has much incentive to make this go away now. If the twins made enough to cover their legal fees, we'll be impressed.

See Also:
Facebook Judge All But Dismisses Zuckerberg Lawsuit

Facebook's Zuckerberg Goes Nuts About Privacy Violations
Judge To Facebook: No Opt-out For 02138 Documents

The Emperorâs New Clothes - Sinead OâConnor I think... [bijansabet.com]



The Emperor’s New Clothes - Sinead O’Connor

I think she is one of the most underestimated artists of our time. This is an older song but her stuff in recent years is amazing too. 

воскресенье, 6 апреля 2008 г.

Quote du Jour: Vonnegut [Paul Kedrosky's Infectious Greed]

From the intro to Armageddon in Retrospect, the first collection of previously unpublished works by author Kurt Vonnegut since his death:

The unhappiest times in his life were those months and sometimes a whole year when he couldn't write, when he was "blocked." He'd try just about anything to get unblocked, but he was very nervous and suspicious about psychiatry. In my early-to-mid-twenties he let it slip that he was afraid that therapy might make him normal and well adjusted, and that would be the end of his writing. I tried to reassure him that psychiatrists weren't nearly that good.

Another Airline Deal Crashes [PE HUB]

Are you holding tickets to fly on a private equity-owned airline? May I suggest a train or automobile? ATA Airlines today canceled all current and future flights, after filing for Chapter 11 bankruptcy protection. If that sounds familiar, it might be because Aloha Airlines did the exact same thing earlier this week. In fact, the two cases [...]

My Doorbell - Jack Johnson There are only a few songs by the... [bijansabet.com]



My Doorbell - Jack Johnson

There are only a few songs by the White Stripes that I like and “My Doorbell” is my favorite. The drum beat in the original is killer. I like this cover version a lot too.

Rainy day in Boston [bijansabet.com]



Rainy day in Boston

суббота, 5 апреля 2008 г.

Barack And Hillary Fight For The Valley's Dollars [Silicon Alley Insider]

HillaryBarack.jpgBarack Obama and Hillary Clinton are battling for votes in Pennsylvania, but they're fighting for dollars in the Bay area. Hillary was in town earlier this week scrounging up cash, and Barack gets here this weekend. The good news for both of them: There's plenty of dough to go around.

Hillary made two ATM stops this week: A Wednesday dinner in Menlo Park, chaired by VC kingpin John Doerr and his wife, Ann; and a San Francisco breakfast. We don't have an attendance number, but we assume each guest gave the maximum $2,300 per.

But Hillary's a slacker compared to Barack, who will raise money at four different stops over the weekend: Billionaire Gordon Getty will have him over Sunday for a breakfast at his mansion, which boasts a ballroom that can seat 200. He's also got events lined up at former Oracle exec Sohaib Abbasi's house, the home of a San Francisco developer Alex Mehran, and another event in Marin County.

We're assuming Barack will out-raise Hillary this week, given his appeal among the tech set. He certainly ought to appeal to Google's millionaires, given that he's the only candidate putting any money into online ads.

See Also: Obama Wins The Valley: He's The New iPhone

Obama Pours Campaign Cash Online