PEG 2.0 RADAR:
ABOUT:PEG on tech, finance, entrepreneurship & other cool stuff.
PEG sur les nouvelles techno, la finance, l'entrepreneuriat et plein d'autres trucs sympa.
Concepts of tools to go to Mars and back to the Moon, via Boston.com’s incredible The Big Picture.
We need to start the spacefaring revolution and we need to start it yesterday. Where are the VCs on this one? You have a couple things getting done like Virgin Galactic but it’s not enough!
On this subject of unleashing the power of capitalism to start an aerospace revolution see this fantastic talk by visionary aerospace designer Burt Rutan at TED:
Just installed an advanced copy of the iPhone 2.0 software.
When you click on the camera app this is the first thing you see. It’s a dialog box that says:
“Camera” would like to use your current location.
And then you have the choice to select ‘don’t allow” or “ok”
iPhone 3G is Day 1 of location based services. Here we go!
Amen! Now watch Loopt replace Facebook.
The Benchmark portfolio current has over 15 companies north of $50MM in revenues, and they are all private. This would have never happened in 1995 (even pre-bubble) where most of these companies would ALREADY BE public.
I don’t think we have a demand problem, we have a supply problem. No one wants to manage a public company.
VC Bill Gurley on the IPO drought (via Fred Wilson)
CBR Review of Astonishing X-Men #25
I’m ordering this for my office. X-Men rocks and this issue starts off with one of main characters Hisako Ichiki using Twitter to express her unhappiness with her superhero name “Armor”.
How cool is that!
Thanks @Biz for the heads up.
3. What’s on his computer screen
Don’t be surprised to see Facebook, Twitter, Brazen Careerist, ESPN, Gmail, Word, Excel and Powerpoint all open at the same time on your Gen Yers screen. In fact, only having those tabs open would be a fairly focused afternoon for me. But it’s OK. We can still get our work done. All that stuff is open because, quite frankly, we’re all a little ADD. Sending out a tweet or leaving a comment on a blog is a necessary distraction every 20 minutes or so. Honestly, lots of Gen Yers wonder how anyone can sit at a desk and do nothing but work for 8 straight hours without going insane?
“7 Things to Look Past When Managing Gen Y” par Ryan Healy sur Employee Evolution (July 1st, 2008)Lehman Brothers aims to raise $3 billion to $5 billion for a fund to buy strategic minority stakes in hedge-fund managers, according to sources at the bank. The fund, which has been called Omega, plans to invest in up to 12 hedge-fund managers.
Isn’t that like applying the VC model to hedge funds? I have for a long time thought about the potential for such a model (a lot of people may be great at picking stocks but not have the wherewithal or network to raise funds), and I think it has incredible potential.
Tech and finance are incredibly close in the way they work, through relentless innovation and entrepreneurship, and treating hedge funds as tech ventures would, in my view, create incredible amounts of value.
