Absolutely, the current one never was really good.
- Thomas Bøhm
Yeah...nice. I react to aluminum if I handle it too long. This is a non-starter for me.
- Stephen Pierzchala
I use a wireless MSFT mouse. Works fine for me. Might get a bluetooth mouse with my tax return in the spring. Will make a decision then.
- Stephen Pierzchala
Looks pretty sweet. The mighty mouse is due for a refresh. I'm looking into the arc right now. I need a portable mouse more than anything.
- Brandon Titus
Does this thing still have a scrollwheel/scroll ball?
- Tyson Key
I think the idea is that it´s a multi-touch surface
- Thomas Bøhm
multi-touch mouse? awesome! sign me up!
- Susan Beebe
Cool. I'm ALWAYS trying to do the two finger scroll when at my iMac and then realizing, oh yeah, I'm not on the MBA.
- Nick in Manila
"That's not a photo of New York. It's actually many photos of New York, textured on 3D models in Google Earth's latest update. And it's truly nothing short of amazing."
- Chris Messina
from Bookmarklet
Wow! I loaded up after seeing your post, and was like, whatever. Went away for coffee, came back, and photo reality was staring back at me. Thanks for the heads up. Beautiful!
- Chris Kenton
from twhirl
Totally agree here. LinkedIn should not try to be Facebook.
- Louis Gray
Mostly agree. I agree that it shouldn't try to become an ad-driven destination site. But I would appreciate a few more tools for connecting with my professional network. For me, only about 30-40% of my professional contacts are active on Facebook, FriendFeed or Twitter. And the email basis of communication via LinkedIn fits the style of the rest.
- Chris Kenton
from twhirl
My family communicates via LinkedIn, specifically BECAUSE it's not Facebook.
- Helen Sventitsky
wow, crazy. tell her to contact me if she needs any development
- Jason Pratt
I am trying to remain personally optimistic, but I don't believe the bottom has been reached.
- Louis Landon
This is what I love about being a student and working with other students. I can do everything much cheaper. $1 mil would probably fund my current business for 2+ years easily.
- Daniel Zarick
It'll get worse before it gets better. Next two quarters will be tough.
- Patricia
@Louis Landon Me too. I still hope thing will get better.
- Marcel Janus
how people/firms/investors respond in bad times is much more telling of their character than how they respond in good times. they're doing it because they think they can get away with it. that window will close.
- Bryce Roberts
Look, things are really bad and getting worse. They will eventually get better as Patricia says, but it will be hard for very many people. No one is really insulated, but there's no point in panicking or worrying about what you can't fix. However, we all should try to understand WTF happened and learn from it. I just shared a speech today by Charlie McCreevy of the European Commission in my timeline that everyone should read. It's simple and clear.
- Dominic Jones
I don't doubt that VCs are having a tough time, but Intel Capital wanting to lower the valuation to $1 doesn't mean Intel Capital is having a tough time. It means some of the previous investors who participated in the rounds leading to the $5 mil are no longer putting in more money, and Intel wants to squeeze them out. They don't want to carry nonperforming investors. Those other VCs might be shutting down, I guess.
- DGentry
You kinda get the feeling that the 'world' is on hold until someone, anyone, suggests a REAL solution. Crazy stuff
- Charlie Anzman
I have to say I agree with Denton. Value of a company is still consistent with the market. At the end, you're only worth what somebody's willing to pay.
- Patricia
I also agree what Denton and Patricia have said.
- imabonehead
I recently had one of those 'holy shit' idea moments, and I am wondering if I'll even be able to get seed capital.
- Michael R. Bernstein
In many ways this is just a sign of a smart VC is it not? I'm hearing that most VCs are going to be lowballing valuations in 2009, using the economy as the 'excuse'. Extend your runway if you can and wait until the funding environment isn't as unbalanced.
- AJ Kohn
I can understand if the lowered value was just 1M but from 5 to 1? That's gotta suck
- Canada's Web Shop
Well the other thing is that VC isn't always the ideal expansion route. Everybody gets excited about, because it can be useful and it can be the right thing - but as somebody mentored by quite a few successful serial entrepreneurs, and a few VC, everybody says the same: don't do it unless you have to. The barrier of entry and costs of web business are so low. I went three years self...
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- Patricia
@Chris: Absolutely. I'm not saying there's not a real risk. The risk/reward ratio is steeper in this environment. But VCs are going to over-correct IMO, both to protect against risk and maximize reward.
- AJ Kohn
As someone working on his own startup right now I can say categorically that if you are looking to raise VC money you are nuts. There IS NO potential for massive growth right now... there is no expendable income in the economy. Bootstrap - find partners and customers... sell what you can and try and survive. That is all.
- Brian Roy
As CEO of a startup, I gave up on Venture Capital in September. Anyone paying attention could see the signs of slowing investment since the spring. But September slammed the door. What worries me now, though, isn't the VC markets. What worries me is the credit card market. AMEX is slashing credit limits, which will hurt small businesses and slow innovation far more than any VC slowdown....
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- Chris Kenton
from twhirl
So a good time for the super rich to help small businesses then ;o)
- Rob Sellen :o)
The first question you have to ask yourself is - can I do this and generate profit (or at minimum be revenue neutral)? If not you've got big problems. You have to do whatever you need to do to get to profit... NOW.
- Brian Roy
Biggest way for them to boost revenue NOW would be to better track what they do, what works, what don't.. to much is simply wasted. Plough whats wasted into what works..what you KNOW works.. :o)
- Rob Sellen :o)
Oddly enough, this is the time when you can actually build real businesses and not starry-eyed-shoot-for-the-moon efforts.
- mikepk
Lol.. but shoot high... no point shooting low... fail often fail fast... :o)
- Rob Sellen :o)
You can shoot high without drawing the "hockey stick", "we're going to grow to 20 million users worldwide in a year" statements that are necessary for VC funding. There *is* a middle ground, but problem is, if there are enough VC backed companies giving away everything for free to get "eyeballs" they suck out all the oxygen in the space. It's tough if you're not trying to be the next Google.
- mikepk
But you have to remember - it is DEAD on both sides. You can't raise capital and you have to be able to sell it to someone... who is buying? I'm not saying don't do it (hell I'm doing it right now). I'm saying get realistic...
- Brian Roy
All you CAN do is RAISE the VALUE you give. :o)
- Rob Sellen :o)
I almost think that VC's are trying to take advantage of the poor economic climate and steal deals away from hard working entrepreneurs. A 80% drop in valuation is brutle, and I hope this particular owner denies Intel the deal.
- Jeremy Campbell
from twhirl
If so, need to proove the real value of what you have and get the VC's wanting to invest in you... YOU as a biz be the picky one.. zig zag whatever ;o)
- Rob Sellen :o)
It may be dead on both sides, but even in a downturn, if you can provide real value people will pay for it. This is especially true if your value proposition is based on boosting the efficiency of your customers to help them in the downturn.
- mikepk
In the height of a cycle, with everyone trying to "shoot the moon", you can end up with VC backed companies giving away your value proposition for free to get traffic. This not only invalidates your value prop, it also has the unfortunate side effect of raised expectations of what should or should not be free. It's not sustainable and we're going to see a collapse of a lot of free services (IMHO).
- mikepk
mikepk - I completely agree... but if you are doing free to attract huge subscriber base that isn't happening. Someone I respect yesterday told me to go "free/premium". I said no. Because in this environment there is no way to cover the operational costs of the free. 1) Find a way to add value 2) Sell it
- Brian Roy
Interesting conversation this is ggetting to be.. 1, increase value of what you have 2, sell it!!! sums it up.. as i been saying but in more words. :o)
- Rob Sellen :o)
@Rob but timing is important too. You're not the only one who controls the value of what you offer (unfortunately). Other companies can deflate your value offering to zero by giving it away for free. Even if they themselves can't sustain it, they have money to *outlast* you. Now with the downturn, I think the everything free model will dry up, and people will have more control of the value proposition they can offer.
- mikepk
Of course all of that is just the market at work. The "build the next google startup" VC-cycle phenomenon has interesting market effects though. :)
- mikepk
The other aspect about this market that's getting interesting is the strategic and M&A activity. If you built your company on fluff and spin, good luck. If you built your company but thinking carefully about your business plan and investing wisely in your technology, you've got a good shot at getting strategic investment or getting aquired. Once again, value creation is your only leverage when the chips are down.
- Chris Kenton
from twhirl
So you diversify, provide a UNIQUE value the "others" dont have... better customer service would be a huge start! ;o)
- Rob Sellen :o)
when the market was high you had VCs with a lot of money, and over-valued companies flush with cash. Which meant your business plan could be just to gain traction and buzz (also known by the technical expression "we'll get cool and google or aol will buy us") - neither flotation nor purchase are likely to be credible options to a VC now, which means they will want to see old style...
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- Joelle Nebbe (iphigenie)
which to me means I would like to see friendfeed making money somehow, as I would very much like to keep it in existence and see some of the clever social grid filtering they are thinking about.
- Joelle Nebbe (iphigenie)
BTW. I had a smart VC tell me over the summer they could give me funding, but thought it would be a tactical mistake--that we'd be walking into a buzz saw. Like it or not, once you take the cash, the clock is ticking, and a market downturn is no excuse for missing numbers. If you're going after money, you need a business plan that will perform in the current environment--why else would...
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- Chris Kenton
from twhirl
... really good at scraping up bacon and LOLCAT images. ;-)
- Chris Baskind
I have a new slogan. FriendFeed, free crowdsourcing at its finest!
- Mark Krynsky
Increasing the number of people doesn't necessarily make the selection of material better. Plus, you also end up with a lot of duplication.
- Morton Fox
Morton: heh, the repetition tells me it's important! :-)
- Robert Scoble
Morton, with the new grouping feature, the duplication just bubbles the story up again. This promotes the "importance" angle while complimenting the "freshness".
- Rob Diana
Jason: here's the deal, though. I have 4,800 smart people reporting to me. I've hand picked them all. No stupid people allowed. And even there I've taken the best and put them in a separate list of only 200 people. I'm getting news that never makes it to Techmeme.
- Robert Scoble
This is truly awesome. Director Ron Howard goes back to his acting roots to demonstrate his conviction for his desired Presidential candidate.
- Steve Isaacs
Um, why would having Obama as President make me trust the government "again"? And, if we have been on a wrong and divisive path for eight years, why would choosing a wrong and divisive path be a solution? Cute, but without substance. Not unlike the candidate he is promoting, I suppose. Well made video, though.
- ComicList
I like seeing Richie and The Fonz together again. They both look great,
- Capn' One Eye - adrift
sean you know exactly where that dude is coming from. spelling things out isn't going to make him see the light no matter how hard you try. can't reason with those kinds of people
- Cee Bee
Fantastic and fun. Way to go Ron Howard, Henry Winkler, and the guy before my time.
- Kenley Neufeld