Monday, March 14, 2011

Making Money on Line


The simple rhetoric of the Wisconsin budget battle is that the Democrats are just "thug" unions—and that Republicans are carrying water for wealthy corporate sleaze. It's more complicated than that. For one, several teachers' unions endorsed Wisconsin Republicans last year—unions are hardly the unthinking automatons of the left they're now depicted to be. Why would they do that? Quite simply, those Republicans looked into the face of their constituents… and lied.


As the marquee battle over unions and Walker's bill is happening in Madison, the true fight over changes to the state is happening elsewhere. The ransacking of Wisconsin cannot be done from Madison alone. Governor Scott Walker has furnished the tools, but who will wield them? We've sketched a blueprint of how state Republicans lied to their constituents and conspired with D.C.-based wealth-funded conservative think tanks to not only assemble the "tools" needed to dismantle progressive and middle class power in Wisconsin but also how those organizations trained "mechanics" to use those tools to get "free market conservatives" elected to local offices like city councils and school boards—so that then they can begin to dismantle them.


It all starts in Sauk county.


Walker's budget targets education for the biggest cuts. The bill takes $900 million from K-12 education (about 9 percent of the budget). A property tax cap prevents districts from making up the money. The bill also cuts hundreds of millions from higher education, targeting everything from the University of Wisconsin system to technical education. It is the most drastic cut to education in Wisconsin history.


And those who support Walker's bill have noted that the state elected Republicans in 2010—so the current bill should have been expected and everyone should stop whining.


Sauk county, northwest of Madison, is a microcosm of the state as a whole. Farmers, progressives and social conservatives all mingle. While Dane county went for the Democrats in the 2010 governor's race by more than 20 points, Walker won Sauk by single digits. (As well, Senator Russ Feingold won, also by single digits.)


While it's true that the state elected a Republican majority, candidates were specifically asked about union concessions during their campaigns.


"He lied to us," said teacher Jenny Fish, as she shivered in the 20-degree chill with 100 other protesters outside Reedsburg's Voyageur Inn. Inside was the Sauk County Republican Party Lincoln Day dinner, held after its morning annual caucus and afternoon celebration of Ronald Reagan's 100th birthday. ("Holding the line against Madison.") Fish was in charge of vetting Representative Ed Brooks (R-50) last year for Three Rivers United Educators. His answers were in part what led the union to endorse him, a Republican, for election.


Three Rivers United Educators not only endorsed Brooks, it make a donation to his campaign. Brooks also took money from the Southwest Education Association and the Wisconsin Education Association Council, which is the state's largest teachers union.


Only 3 of the 25 Wisconsin candidates that WEAC endorsed in the 2010 election were Republicans: Richard Spanbauer (R-53), Ed Brooks (R-50) and Dale Schultz, the Sauk county Senator who has been rumored to be breaking with his party. All three won.


Fish said that she asked Brooks if he supported removing collective bargaining for benefits. He said he did not. That answer directly led to his endorsement by the labor union.



Stephanie Hasler, a French teacher at Reedsburg High School, told me that she and a number of Reedsburg teachers visited Brooks in his office on February 18th of this year. At that meeting, Brooks admitted to not having read the budget bill—and he also insisted that the collective bargaining provisions were not in it.


After the bill was unveiled, including the union-busting provisions, Fish said she contacted Brooks. "He basically said he was helpless and could't risk breaking with his party," she said. "He told us, 'Why should I vote no for a bill that's just going to pass anyway?'"


On March 7th, Brooks sent out an email to constituents, defending himself by pointing out "my daughter is a teacher" and claiming that he actually made changes to the bill during a Joint Committee on Finance executive session, including inserting the language that "just cause is still required for termination." Brooks said that changes like this made him "able to vote for Governor Walker's budget repair bill." His email threw some salt on the wound for good measure. He added: "And please note that unions still exist."


(Over two days, I reached out, numerous times, to Rep. Brooks for comment. His office repeatedly said he would call back. He never did.)


This double-cross is what compelled Reedsburg residents to protest for three consecutive days over the weekend.


Stephanie Hasler told me that an impromptu demonstration sprang up on Main Street after negotiations with the Reedsburg school board crumbled. Counting on the new bill measures, the board refused the teachers' offer of a pay freeze and agreement to the Board's offer on retirement insurance from the previous contract negotiations, as well as paying the percentages of insurance and pension that the governor wants. Fearing what the Walker bill would allow the board to do, Hasler, along with a dozen other teachers in the district, chose an unplanned early retirement earlier in the week, so as to save their insurance benefits under the existing contract.



Reedsburg is a town of fewer than 10,000 people. And with all due respect to the thousands gathered in Madison, openly protesting in a small town, where everyone knows everyone, takes incredible guts. Generally, small-town Wisconsinites are much more comfortable grumbling under their breath about things until they die.


The Voyageur, a wonderful relic from the 1960s, is best known for its collection of hundreds of Normal Rockwell magazine covers, ads and portraits. Attendees of the Republican dinner walked by four of Rockwell's 1940s covers for The Grade Teacher, the "Professional Magazine for Classroom Teachers of all Grades." The special guest was U.S. Senator Ron Johnson.


In the Voyageur parking lot, Brooks' arrival was met by a chant of "Recall! Recall! Recall!."


Not in attendance: Dale Schultz, the moderate Republican Senator for Reedsburg who has still not confirmed how he will vote on the bill. As far as Wisconsin can tell, he has become a ghost.


* * *


Joe Hasler, Stephanie's husband, a longtime state Republican, told me he is "appalled by the party's recent hard turn to the right." Joe isn't just your everyday Republican. Joe was Tommy Thompson's campaign treasurer—Thompson, who was praised and evoked in Walker's budget address.


One of the reasons moderate Wisconsin Republicans have seen the party slide from their grasp is a massive influx of out-of-state money from groups such as the Koch-founded Americans for Prosperity and the Sam Adams Alliance.


Sauk county contains a perfect example of exactly how the corporate takeover on the state level will be implemented on the local level.


Walker's fundamental change to the education system in Wisconsin via funding cuts, tax caps and charter promotion is not that damaging without local level implementation. As Walker has said, his bill is a "tool." Tools need mechanics.



So, in Reedsburg, city officials have floated a solution. They want to move the town's fire protection charge from tax rolls to utility bills. That frees up around $200,000. For Walker's plans to be truly effective, there must be those at the local level, like in Reedsburg, who are willing to look people they've known all their life in the eyes… and fire them.


Enter the American Majority.


On Saturday, at about the exact moment Michael Moore was addressing 40,000 people at the Capitol (and comparing events in Madison to those in Egypt), about four-and-a-half miles away at the Vitense driving range and minigolf course, the American Majority was holding a sold-out day-long training event. The event, in partnership with the Sauk County Tea Party, consisted of lessons like "Implementing Freedom" which teaches "how to plan a campaign, fine tune your communication skills, and fundraise." The event provided "an opportunity to meet other patriots in your community, the seminar provides an opportunity to network and learn from grassroots organizers with successful campaign experience."


Now, is that "community organizing?" Because it uses the both those words and sure as hell sounds like community organizing.


American Majority brags that it trained 27 city council candidates in Oklahoma and saw 17 of them win. More importantly, the group claims that all but one of those 17 had never run for office before.


In an interview with WisPolitics, a co-founder of the Virginia-based organization, Drew Ryun said, "The letter behind that candidates’ name to some extent does not matter… What matters is are these folks at any level of government that are advancing free market conservative principals."


(A note: When some political organization or think tank is identified in the press as "Virginia-based," that means it's in "Washington D.C.")


But despite that claim, American Majority does not actually support Democrats. Currently the organization's website features a large "Stand with Walker" banner, coincidentally the same motto used by the heavily funded ad campaign from Koch's Americans for Prosperity.


American Majority does partner with such "nonpartisan" groups as Franklin Center's new venture "Wisconsin Reporter," which is a PR interest disguised as journalism to seed information—such as the recent poll that claimed 71% of Wisconsinites favor Walker's budget changes. (See, it's got "reporter" right there in the name.) The Franklin Center, in turn, is associated with groups such as the Sam Adams Alliance—an outfit that I ran into on Capitol Square a week ago. One of their "grassroots" surveyors was soliciting people in Starbucks for 20 minutes of their time, for which they would be paid $10.


Not clear enough? Scott Walker refers to his budget bill as a "tool." American Majority refers to its local activists as "mechanics."



American Majority was founded by Ned and Drew Ryun, sons of longtime Kansas Republican Representative Jim Ryun. (Yes, Kansas, home of the Kochs.) Jim Ryun's federal campaign finance report reads like a list of tens of thousands of dollars from the Kochs, going all the way back to 1997.


American Majority was organized by, and receives a great deal of its funding through, the Chicago-based Sam Adams Alliance, which carefully protects the list of its patrons and has gone to pains (though not effectively enough) to remove evidence that it is in large part funded by the Kochs. American Majority is also partnered with Koch organizations that don't hide the Koch connection at all, like Americans for Prosperity.


Sam Adams Alliance is very much funded by the Kochs—but even if they were not, Eric O'Keefe, the chairman and CEO of the Sam Adams Alliance, is also a board member at the Institute for Humane Studies, a group which has received millions from the Kochs and for which Charles Koch is the chairman. O'Keefe is also a board member at the Wisconsin Club for Growth, a state office of the organization funded by the wealthiest of Americans. The Club has become one of the most influential organizations in Wisconsin politics. (The CFG supported Ron Johnson over Russ Feingold and its to-date $320,000 in spending for the 2011 campaign of conservative State Supreme Court Justice David Prosser accounts for about 70 percent of total TV ad expenditures in that election).


And Eric O'Keefe lives in Spring Green, Sauk County.


* * *


American Majority chose the term "mechanics" because this was the name of the first intelligence network put together by independence-minded colonists. The group, whose most famous member was Paul Revere, gathered information on the British and conducted minor sabotage. Explaining the name, American Majority's pull quote begins "In the days before the Revolutionary War, Paul Revere organized the Mechanics, a group of determined patriots that grew out of the Sons of Liberty." The unattributed copy is lifted from Revolutionary-war-and-beyond.com.


As the CIA history of the period's intelligence notes of the "mechanics": "Their security practices, however, were amateurish. They met in the same place regularly (the Green Dragon Tavern), and one of their leaders (Dr. Benjamin Church) was a British agent."


The questionnaire that American Majority uses to identify those who will, according to co-founder Ned Ryun, "organize their communities, hard-wire their precincts, learn how to become effective online, and to understand the system that we are confronting," gives a hint of what the group is trying to weed out. The questionnaire, below:


American Majority Mechanics Eligibility Questionnaire

1. What do you believe the role of government should be in America?



2. Do you have any experience with public speaking and presenting?



3. How do you feel about the “Birther” issue?



4. Please list any and all current organizations you are presently associated

with.


5. What do you hope to get out of becoming an authorized American Majority Mechanic?


6. What terms do you best believe describe our government and leadership

today?



7. How well do you know the Constitution and Declaration of Independence?



8. What do you believe are the most important political issues this country is facing right now?



9. Who is your political hero and why?



10. Please list all websites, social networks, and blogs in which you have a presence.


11. How comfortable are you with public speaking and presenting on a scale of 1 to 10 (with 10 being very comfortable)?


12. How comfortable are you with technology on a scale of 1 to 10 (with 10 being very comfortable)?


13. How comfortable are you with social networks, including Facbook, Twitter, and YouTube on a scale of 1 to 10 (with 10 being very comfortable)?


14. Please list at least two professional references and their contact information so that we can talk with your peers.


The mechanics program is a bit like a franchise. American Majority "mechanics will receive 75% of the net from their trainings" and the 2010 program required mechanics to perform at least one training per month, for a minimum of 30 trainees through the end of 2010. At $20 per person, that's a minimum take for the mechanic of $450 per month. I attempted to attend the $20 per head training in Madison on March 5th but it was booked solid.


The mechanics program was put together and began recruiting in February, 2010. Formal training took place March 24th to 26th, with American Majority flying recruits to Washington D.C., covering all travel and board. And then the Sauk County Tea Party was founded on June 17, 2010.


Later in 2010, the Sauk County Tea Party began linking to and endorsing strategy meetings with American Majority. In mid-December of 2010, the group took part in a strategy call with co-founder Ned Ryun to discuss the New Leaders Project.


On December 29th, Sauk Tea Party President John Meegan announced his candidacy for Baraboo school board.


Meegan's ties to O'Keefe's American Majority go beyond the training seminars. Just a few weeks ago, Meegan organized area counter-protesters to go to Madison, in the process telling the Baraboo News Republic that he was "working with a national group called American Majority." The News Republic piece interviewed another counter-protester, Lori Mislivecek, noting she was a "Baraboo resident." What it did not note was that she is also listed as one of 37 members of the Sauk County Tea Party. In anticipation of the trip to Madison, Meegan sent an email insisting "all signage should be supportive of the budget reform bill, Gov. Walker, conservative legislators, freedom, liberty, rule of law, etc. No partisan or violent signage allowed."


Fight Back Wisconsin counts the Sauk County Tea Party as part of its "Prosperity Network." Fight Back Wisconsin and Kochs' Americans for Prosperity-Wisconsin's share an address on South 70th Street in Milwaukee.


Asked about financial support for from the Wisconsin office of Americans For Prosperity to "grassroots" tea party groups within its coalition, such as the Sauk County Tea Party, or its ties to American Majority, Matt Seaholm, director of AFP-Wisc., told me there is no such official support "beyond a shared interest."


Except, just after the 2010 election, Americans for Prosperity- Wisconsin announced that the "Wisconsin Prosperity Network" had "helped privatize the Center Right political processes with the development and financial support of Prosperity 101, First Freedom Foundation, The MacIver Institute, American Majority, and Americans for Prosperity."


One more interesting detail about Meegan's school board candidacy is that his one child, a teenage daughter, does not even attend school in Baraboo. His daughter attends IQ Academy, "a complete online middle and high school" based in Waukesha, over 100 miles away, near Milwaukee. IQ Academy benefits from Wisconsin's unique open enrollment policies which redistribute vouchers from the school system (for which parents pay taxes). As advertised on IQ Academy's website, for Wisconsin residents the school is "tuition-free."


An open letter that Meegan wrote to the Baraboo School Board in Jan. 2011, well after working with American Majority and just before Walker's budget introduction, outlines demands curiously similar to what Walker finally addressed, including "removal of all open enrollment limits related to virtual charter schools."


In the February primary, Meegan received more votes than any other candidate. Next up, the April 4 general election.


* * *


So, to review: In 2010, the Club for Growth and the Koch Brothers heavily supported the election of Scott Walker. Union-busting legislation is written for Walker to submit in 2011. Meanwhile, Club for Growth and Koch Brothers trustee Eric O'Keefe's Sam Adams Alliance launches the American Majority New Leaders Project, which, in 2010, partners with the Sauk County Tea Party, to train free market conservatives to run for office. Those candidates include Sauk County Tea Party co-founder John Meegan, who announces in December, 2010 that he is running for a seat on the Baraboo school board.


It's almost a given that the John Meegan-Eric O'Keefe example is but one simple detailed example of something that is no doubt going on in all contested counties across the state… and more. Scheduled American Majority training events in the near future include Waxahachie, TX, Crowley, LA, Outer Banks, NC and Bowling Green, KY.


(Messages requesting comment from Eric O'Keefe, John Meegan and the American Majority were not returned.)


The new conservatives love to use the home budget metaphor when debating government spending. They argue that the government should have to watch its spending just like ordinary folk. Tea Party Review Magazine just published an argument from National Taxpayers Union's Jordan Forbes: "Families balance their budgets' Politicians must do the same." In it, Forbes asks: "Why can’t Congress make a budget and stick to it? That’s something that most families across this country do all the time, year in and year out. It’s not easy, especially in hard times…."


Why does this favored metaphor disintegrate when it comes to targeting cuts to balance that budget? When "most families across this country" are faced with making spending cuts, the one cut they make last of all is to their children's future. But that's exactly what Scott Walker and Wisconsin Republicans are doing. In an attempt to balance the family budget, the governor is looking first at what he can cut from the children's schooling, so that he can keep the premium cable channels.


Correction: This piece originally noted that the "New Leaders Project trained 27 city council candidates in Oklahoma and saw 17 of them win." AM launched the "New Leaders Project" at the end of 2010 for the 2011/2012 election cycle. Those successes in OK were achieved through an unnamed program.




Abe Sauer can be reached at abesauer at gmail dot com.



Over the weekend, a minor firestorm erupted over a new feature in the official Twitter iPhone and iPad clients known as the “Quick Bar,” a strip at the top of a user’s tweet-stream designed to show trending topics. As users started criticizing the feature for being too intrusive, however, it quickly became known as the “dickbar,” in reference to Twitter CEO Dick Costolo. Although the company has since said that a new update is on its way that will make the feature less annoying, the outrage over the #dickbar is a symptom of a larger problem for Twitter: it wants to be a business, and users have gotten used to it being a utility.


The update with the Quick Bar included was actually released on Thursday, and the trending topics feature was just one of a number of enhancements that Twitter introduced in that update, including automated URL shortening (using the company’s internal shortener, t.co, which it launched last year) and an auto-complete function for user names and hashtags — including, ironically, the #dickbar hashtag. Criticism of the Quick Bar seemed to pick up speed, and then exploded over the weekend.


One of the big complaints about the new feature is the way the trending topics bar gets overlaid on top of the Twitter stream, appearing whenever the feed was refreshed, and partially obscuring tweets. According to spokesman Sean Garrett, the new update that Twitter has submitted to the Apple store “fixes some bugs, and makes it so the quickbar doesn’t overlay on tweets” — but judging by his tweets and those from CEO Costolo, there’s no sign the company plans to allow users to disable or turn off the feature, something many have been asking for since it was introduced.



Although a number of users have said that they find the whole idea of trending topics irritating and unnecessary, Costolo has made it clear that this is a key part of the service’s functionality, saying “If users didn’t like trends, we wouldn’t have trends.” And while the Twitter CEO didn’t come right out and say so, one of the obvious reasons is that promoted tweets and promoted trends are two of the ways in which the company is trying to generate revenue and profits — and doing this has become even more important now that Twitter is theoretically valued somewhere between $3.7 billion (based on its last round of financing) and $7.7 billion as a result of secondary-market trading.


The Quick Bar fiasco may be a minor event, but it is an indication of a larger problem for Twitter: namely, that it has spent so much of its life being an open communications platform — more like a social-networking utility than a business, with a focus on how it can enable real-time publishing for everyone, including those fighting oppressive governments around the world — that it is jarring for users whenever the company does something cold or calculating like suddenly cutting off Twitter applications (as it did recently with Ubermedia) or implementing features that are clearly designed more to generate revenue than they are to serve the needs of users.


This is a line that Facebook has been trying to walk as well, of course — being a social utility, but also making money from advertising — but it seems to have done a better job of mixing the two so far. As Costolo tries to expand the business to justify those soaring valuations, we are likely to see more clashes with users rather than less.


Related GigaOM Pro content (sub req’d):



  • As Twitter Develops, Developers Quiver in Fear

  • Lessons From Twitter: How to Play Nice With Ecosystem Partners

  • How Human Users Are Holding Twitter Back




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Friday, March 11, 2011

personal finance blog

Founded in 2009 by Amanda Steinberg, DailyWorth is really a daily electronic mail newsletter that features specifics on economic literacy and cash management skewed in the direction of a female audience. DailyWorth’s subjects collection from methods to organize your finances to tax tips to saving advice. And DailyWorth has an amazing editorial workers to create material. MP Dunleavey, formerly a personalized finance columnist along with the Ny Occasions and presently a contributor with Dollars magazine, is primary DailyWorth’s editorial team.

Regardless of unions’ extended hatred of Scott Walker, the new governor is shifting to handle each the signs and symptoms for the disorder as well as ailment itself-the public-sector union scheme which has molested Wisconsin’s taxpayers and their young children by gaming the product. Unions like Wisconsin’s teachers’ union [WEAC] (which was Wisconsin’s biggest-spending lobby in 2009) are actually extraordinarily adept at repairing the program through spending millions to elect politicians who, in turn, reward the unions with the expense in the taxpayers.

the Wisconsin battle, when compared to private-sector negotiations is about: 1) the Scope of Bargaining, two) Union “Income” Safety [Right-to-Work vs. Compelled Dues], three) regardless of whether Wisconsin have to be the unions’ dues collection company [payroll deduction of dues], and four) if public-sector unions really should be ‘recertified’ by keeping elections every 12 months.

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Making Money Web

On Monday evening, I watched my to start with, The Final Phrase host Lawrence O’Donnell.
While O’Donnell laudably attempted to emphasis the audience’s consideration onand hopefully very last, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen beneath for great, I was overtaken, not through the pulling around the thread, as well as voracious audience he serves. It did not make me unhappy, it designed me angry.

In relation to celebrities, we will be a heartless nation, basking within their misfortunes like nude sunbathers at Schadenfreude Beach. The impulse is understandable, to some degree. It can be grating to pay attention to complaints from most people who appreciate privileges that most of us cannot even think about. If you should cannot muster up some compassion for Charlie Sheen, who would make a great deal more capital for any day’s get the job done than most of us will make in a decade’s time, I guess I can’t blame you.



With the quick pace of occasions on the web and also the material revolution sparked from the Web-based, it is extremely painless for your technologies community to believe it’s one of a kind: always breaking new ground and doing things that no person has ever before accomplished just before.

But there are other kinds of company that have already undergone several of the identical radical shifts, and have just as fantastic a stake during the future.

Consider healthcare, for example.

We commonly consider of it as a substantial, lumbering beast, but in truth, medicine has undergone a series of revolutions inside past 200 a long time that happen to be a minimum of equal to people we see in technology and knowledge.

Less understandable, but however in the norms of human nature, may be the impulse to rubberneck, to slow down and look into the carnage of Charlie spectacle of Sheen’s unraveling, but on the blithe interviewer Sheen’s lifestyle as we pass it from the suitable lane of our each day lives. To become straightforward, it could possibly be tough for people today to discern the difference between a run-of-the-mill attention whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its own merits, a quote like “I Am On the Drug. It’s Described as Charlie Sheen” is sheer genius, and we can not all be expected to take the complete measure of someone’s existence each individual time we listen to some thing humorous.

Rapid ahead to 2011 and I am looking to look into suggests of currently being a little more business-like about my hobbies (generally audio). Through the stop of January I had manned up and started to advertise my weblogs. I had put together plenty of distinct blogs, which had been contributed to by acquaintances and colleagues. I promoted these activities by means of Facebook and Twitter.


2nd: the small abomination the Gang of 5 on the Supream Court gave us a year or so in the past (Citizens Inebriated) essentially is made up of a bit bouncing betty of its personal that could particularly effectively go off inside faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Given that this ruling prolonged the notion of “personhood” to both firms and unions, to look at to deny them any suitable to run within just the legal framework that they were organized underneath deprives these “persons” from the freedoms of speech, association and motion. Which implies (once again, quoting law school educated friends and family) that both the courts must uphold these rights for your unions (as individual “persons” as assured through the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights have to utilize to primary firms, also.












If I were smarter, I would have majored in economics, gone on to Wall Street, and become a modern-day robber baron. As it is, I am but a humble online food scribe. I do remember two big, basic concepts that stuck with me from my Econ 101 class in college, though: opportunity cost and economies of scale. I had time to think about both a lot while making homemade mozzarella over the weekend.



What You'll Need





I made my mozzarella from a kit. You may have seen these kits online or at more DIY-leaning kitchenware stores. Roaring Brook Dairy sells one ($18.50), and there's also Ricki's Cheesemaking Kit ($24.95).



I've used both over the years, and they're more or less the same. Both come with instructions, a thermometer, citric acid, cheese salt, and rennet.* The difference? Ricki's comes with cheesecloth but no gloves while Roaring Brook comes with latex gloves but no cheesecloth.



Really, though, if you already have an instant-read thermometer and are comfortable following a recipe off the web (here's one), you can gather the essentials for far less. Look for citric acid at health-food stores. You might be able to find rennet, again, at a more DIY-leaning kitchenware store (Brooklyn Kitchen in NYC, for instance) — or order rennet online from cheesemaking.com, where it starts at $6.50.



You'll also need a gallon of whole milk. As high-quality as you can get. The fresher, the better. And this is crucial: IT CANNOT BE ULTRA-PASTEURIZED.



I've made mozzarella with regular ol' grocery store whole milk and with fancy-pants family-farm, gently pasteurized, non-homogenized full-fat milk. Guess which one makes better cheese. The less processed one, yes.



The Process



I'm not going to make this a step-by-step guide, because there are plenty of those on the web. If you did not catch my link above, here's a recipe you can follow for making mozzarella. Peep the slideshow here for a sort of general visual overview of what you'll have to do.



Is It Worth It?



OK, so remember how I mentioned opportunity cost and economies of scale? While I slowly pressed the whey from the curd and dipped my hands in the painfully hot salted whey to stretch the cheese, I had plenty of time to contemplate this stuff.



The opportunity cost, of course, is the amount of money I choose to forgo in order to make this cheese. Say my time is worth X dollars. I could theoretically be making X dollars instead of making cheese. If X is greater than the cost of the cheese, it makes no economic sense for me to separate the curd from the whey.



(This all reminds me of an article on Slate by Jennifer Reese, in which she explored whether it's worth it to make certain pantry staples or whether you should just buy them.)



Personally, I did not find making this cheese worth it — especially given my lackluster result. Yes, there is an educational component to the endeavor. And I do think that it's worth it to make mozzarella once or twice to learn how it's done. Then go back to buying it from a good local fresh-mozzarella-maker. Which brings me to ... economies of scale. Your local mozzarella-maker benefits from this other basic economics concept. With all the equipment and know-how and time, it's easier for them to make large batches of curd -- thus cost and effort decreases per pound of cheese.



And believe me, after a couple hours of messing around for a less-than-softball size hunk of cheese ...



* Ricki's is vegetable-based rennet; Roaring Brook's makes no mention of the rennet source, so folks looking to avoid animal-based rennet might give RB a shout to find out which it uses.














Amid all the fanfare over new iPad 2 hardware, Apple’s CEO Steve Jobs boasted that the company has now paid out a cumulative $2 billion to developers for apps sold in the App Store. This comes just eight months after it announced developers had made $1 billion from the app store since the store launched in July 2008.


This is a huge number and highlights one of the reasons Apple is doing so well in this post-PC era. It’s not only building devices that embody the intersection of technology and humanities, as Jobs likes to say; it’s also creating an environment for developers to take advantage of these more personal and powerful machines. This vibrant community of programmers has helped push Apple’s count of apps up to more than 350,000.


The Asymco blog recently (and accurately) estimated that Apple had paid out $2 billion to developers over the course of 31 months, compared to the 34 months it took for record labels to make that much money on iTunes. This suggests Apple’s App Store is on a huge growth trajectory and shows why developers are still so loyal to the iOS platform. Even with some restrictions with the App Store, they have a better shot at making money there.


But the $2 billion isn’t just coming from paid downloads. Apple developers are also raking in money from in-app purchases, which have become a major revenue source for devs in the last year. According to Distimo, an app analytics company, revenue from in-app purchases both in free and paid iPhone apps was 49 percent last year, compared to 51 percent of paid download revenue. And that’s not counting any money that developers are getting on their own through advertising efforts.


The point is, Apple’s App Store is still the top destination for developers because it has robust revenue-generating options ensuring it won’t be shoved aside anytime soon. Android’s ascendance will certainly draw developers, but until it becomes easier to make money there, it’s not going to be the priority for most developers. Google, for its part, is improving the money-making potential of Android with an announced in-app purchase system and a new web store front. It’s also looking at expanding carrier billion options and trying to improve app discovery. But for now, Apple has 2 billion reasons why developers should stick with iOS, and that’s a lot more than Google can say. And as more users buy iOS apps, it further locks them in and makes it harder for them to switch platforms.


Related content from GigaOM Pro (sub. req.):



  • How To Ride The Freemium App Wave To Success

  • Will Killer Apps Affect Which Handsets Consumers Buy?

  • How Carriers Can Crack the App Discoverability Nut




Source: http://removeripoffreports.net/ corporate Reputation Management

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Saturday, March 5, 2011

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style="text-align: center;">

/> [style="text-decoration: underline;">Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past four years. You can reach them by email: asia at kinneyrecruiting dot com.]

Evan here, writing from a lounge on a short layover at LAX. Robert and I just returned to the US this morning from another exhausting China trip (8+ meetings per day makes for early rises and late evenings), something we repeat about every other month. No surprise, but all indications on the ground, from meetings with various corporate / cap markets partners at top law firms in HK / China, we are still planted solidly in an economic and deal flow boom there.

We have been averaging about 2 US associate or counsel placements per week in Asia so far this year, a blistering pace that can’t continue quite frankly, but is an indicator of how hot the market is right now (see recent Asia Chronicles ATL posts for more details on this hiring boom or do a search at theasiachronicles.com for such info).

Just the fact that Robert and I can set up meetings on short notice with the leading corporate partners of top US and UK firms in HK / China (especially in a boom market where time is at a premium for such persons running multiple big deals on understaffed teams) is a major difference between Kinney and other recruiting firms trying to break into the increasingly hot US associate biglaw lateral hiring market in HK / China. Remember that just about every US and UK firm in HK / China are hiring US corporate associates at this time, so you should not settle for a recruiter / agent who simply is aware of openings and can provide a list of firms and can name a few partners there.id="more-61267">

Here are just a few glaring differences between Kinney and other recruiting firms offering services in HK / China markets:

-100+ references of US associates we have placed in HK / China recently, within a few years.

-Our top recruiters don’t only represent partners.

-We provide a long-term agent relationship, lasting years instead of weeks or months.

-Kinney Asia recruiters all split time in both Asia and US markets, thus are able to meet with US based associate candidate clients, meet with top US firm management regarding their Asia strategy, and of course meet with law firm partners and associate candidates in Asia.

We can provide over 100 references of US associates we have placed in HK / China in the past few years. Other recruiting firms can provide no more than a fraction of this number. No other recruiting firm has placed even one third of this number of US associates in HK / China in the past few years.

When a recruiter calls you about China opportunities, I suggest that you ask him / her exactly how many US associates they have placed in HK / China recently? And don’t just take their word for it, ask for references of these alleged placements and speak to (or at least email) at least 10 such persons before you give the recruiter your resume. Why is this important? Well, it is not possible to be fully informed and connected in a market if you are not making large numbers of placements there. Further, while it is always possible for a recruiter to make a few placements and have those persons think highly of them (who knows if higher numbers would be a very negative reference), 100+ references of US associates placed within a few years in a market is fail proof.

Why would you want to put your job search in the hands of a recruiter with just a few or even zero US associate placements in HK / China, verses a recruiter with dozens and more than 30 in the past year?

Our best recruiters work with associates and partner candidates, not just partners. Robert Kinney and I have had success in placing partners and groups in HK / China, but we still work directly with associate candidates, along with our other Asia team recruiters, Alexis Lamb, Yuliya Vinokurova, Danielle Cyr and Peter Guttensohn. I mention this because at most recruiting firms, the best recruiters focus on partners and pass on associate candidates to less experienced and less successful recruiters. Sure, partner placements are much more lucrative, but Robert and I thoroughly enjoy working with and acting as long-term advisors for US associates in Asia and we will not stop doing so. For example, I have made on average about 30 US associate placements per year in Asia, even though I am moving partners as well.

We provide a long-term agent relationship with our associate client candidates, not simply a quick job search and resume distribution service. At Kinney, our Asia focused team starts working with a number of our associate candidate clients months and even years before they are ready for an Asia job search, in some cases those relationships go all the way back to the candidate’s law school years (when we offer advice on which 2L summer spot to take, regarding China practices at particular firms). Of course we also place plenty of US associates who start job searches in Asia immediately upon being referred to us, but many are already long-term relationships when a job search starts. We have also placed numerous US associates a second time in Asia, whether in-house or another law firm after a few years at their first firm in Asia.

Keep in mind that even if you are ready to start an Asia job search right away, even in this hot lateral market it can be a long process for some very qualified candidates. You can’t afford to entrust your job search and representation at various firms to a recruiter who simply emails your resume and hopes for the best. Robert and I, along with our other Asia recruiters, are personally involved in advocating for our candidates over the long-term, if need be. We are close with the relevant partners and can bring up your candidacy in person or by phone whenever it is appropriate to do so. It is not simply a case of emailing a resume and hoping for the best, with only being able to provide administrative services of coordinating interviews. It is quite shocking but that is all you are going to get from the vast majority of recruiters out there, despite what their 10 to 20 minute sales pitch may be upon meeting you.

Don’t lose sight of the fact that once you are submitted to a firm by a recruiter that recruiter unfortunately “owns” your candidacy at such firm for 6 months or more, causing most recruiters to focus on simply being able to make the submission, rather than provide a service.

Our Asia recruiters are on the ground in Asia and US, and all of our Asia team spends time in our New York and Hong Kong offices. It is not uncommon for a NYC based associate to call Kinney to start a job search and within a week both meet a Kinney Asia recruiter in NYC and for that same Kinney recruiter to be advocating for them on the ground in Asia, meeting in person with relevant partners in Asia on their behalf. No other recruiting firm can offer this because quite simply, we travel more than others do and happen to have offices in both US and Asia. We make it a point, for example, to have at least one recruiter on the ground in Hong Kong, 365 days a year.

The Kinney difference is more than just what has been briefly outlined above. Feel free to reach out to us any time at asia@kinneyrecruiting.com for more info.

style="text-align: center;">

/> [style="text-decoration: underline;">Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past four years. You can reach them by email: asia at kinneyrecruiting dot com.]

Evan here, writing from a lounge on a short layover at LAX. Robert and I just returned to the US this morning from another exhausting China trip (8+ meetings per day makes for early rises and late evenings), something we repeat about every other month. No surprise, but all indications on the ground, from meetings with various corporate / cap markets partners at top law firms in HK / China, we are still planted solidly in an economic and deal flow boom there.

We have been averaging about 2 US associate or counsel placements per week in Asia so far this year, a blistering pace that can’t continue quite frankly, but is an indicator of how hot the market is right now (see recent Asia Chronicles ATL posts for more details on this hiring boom or do a search at theasiachronicles.com for such info).

Just the fact that Robert and I can set up meetings on short notice with the leading corporate partners of top US and UK firms in HK / China (especially in a boom market where time is at a premium for such persons running multiple big deals on understaffed teams) is a major difference between Kinney and other recruiting firms trying to break into the increasingly hot US associate biglaw lateral hiring market in HK / China. Remember that just about every US and UK firm in HK / China are hiring US corporate associates at this time, so you should not settle for a recruiter / agent who simply is aware of openings and can provide a list of firms and can name a few partners there.id="more-61267">

Here are just a few glaring differences between Kinney and other recruiting firms offering services in HK / China markets:

-100+ references of US associates we have placed in HK / China recently, within a few years.

-Our top recruiters don’t only represent partners.

-We provide a long-term agent relationship, lasting years instead of weeks or months.

-Kinney Asia recruiters all split time in both Asia and US markets, thus are able to meet with US based associate candidate clients, meet with top US firm management regarding their Asia strategy, and of course meet with law firm partners and associate candidates in Asia.

We can provide over 100 references of US associates we have placed in HK / China in the past few years. Other recruiting firms can provide no more than a fraction of this number. No other recruiting firm has placed even one third of this number of US associates in HK / China in the past few years.

When a recruiter calls you about China opportunities, I suggest that you ask him / her exactly how many US associates they have placed in HK / China recently? And don’t just take their word for it, ask for references of these alleged placements and speak to (or at least email) at least 10 such persons before you give the recruiter your resume. Why is this important? Well, it is not possible to be fully informed and connected in a market if you are not making large numbers of placements there. Further, while it is always possible for a recruiter to make a few placements and have those persons think highly of them (who knows if higher numbers would be a very negative reference), 100+ references of US associates placed within a few years in a market is fail proof.

Why would you want to put your job search in the hands of a recruiter with just a few or even zero US associate placements in HK / China, verses a recruiter with dozens and more than 30 in the past year?

Our best recruiters work with associates and partner candidates, not just partners. Robert Kinney and I have had success in placing partners and groups in HK / China, but we still work directly with associate candidates, along with our other Asia team recruiters, Alexis Lamb, Yuliya Vinokurova, Danielle Cyr and Peter Guttensohn. I mention this because at most recruiting firms, the best recruiters focus on partners and pass on associate candidates to less experienced and less successful recruiters. Sure, partner placements are much more lucrative, but Robert and I thoroughly enjoy working with and acting as long-term advisors for US associates in Asia and we will not stop doing so. For example, I have made on average about 30 US associate placements per year in Asia, even though I am moving partners as well.

We provide a long-term agent relationship with our associate client candidates, not simply a quick job search and resume distribution service. At Kinney, our Asia focused team starts working with a number of our associate candidate clients months and even years before they are ready for an Asia job search, in some cases those relationships go all the way back to the candidate’s law school years (when we offer advice on which 2L summer spot to take, regarding China practices at particular firms). Of course we also place plenty of US associates who start job searches in Asia immediately upon being referred to us, but many are already long-term relationships when a job search starts. We have also placed numerous US associates a second time in Asia, whether in-house or another law firm after a few years at their first firm in Asia.

Keep in mind that even if you are ready to start an Asia job search right away, even in this hot lateral market it can be a long process for some very qualified candidates. You can’t afford to entrust your job search and representation at various firms to a recruiter who simply emails your resume and hopes for the best. Robert and I, along with our other Asia recruiters, are personally involved in advocating for our candidates over the long-term, if need be. We are close with the relevant partners and can bring up your candidacy in person or by phone whenever it is appropriate to do so. It is not simply a case of emailing a resume and hoping for the best, with only being able to provide administrative services of coordinating interviews. It is quite shocking but that is all you are going to get from the vast majority of recruiters out there, despite what their 10 to 20 minute sales pitch may be upon meeting you.

Don’t lose sight of the fact that once you are submitted to a firm by a recruiter that recruiter unfortunately “owns” your candidacy at such firm for 6 months or more, causing most recruiters to focus on simply being able to make the submission, rather than provide a service.

Our Asia recruiters are on the ground in Asia and US, and all of our Asia team spends time in our New York and Hong Kong offices. It is not uncommon for a NYC based associate to call Kinney to start a job search and within a week both meet a Kinney Asia recruiter in NYC and for that same Kinney recruiter to be advocating for them on the ground in Asia, meeting in person with relevant partners in Asia on their behalf. No other recruiting firm can offer this because quite simply, we travel more than others do and happen to have offices in both US and Asia. We make it a point, for example, to have at least one recruiter on the ground in Hong Kong, 365 days a year.

The Kinney difference is more than just what has been briefly outlined above. Feel free to reach out to us any time at asia@kinneyrecruiting.com for more info.


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Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


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Small Business <b>News</b>: Cash Flow Tips and Basics

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» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


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bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.


bench craft company

Small Business <b>News</b>: Cash Flow Tips and Basics

The key to small business success has always been cash flow. With enough cash flow a small business can expand on its own with less need for credit or outside.

» BOMB THREAT at Scott Walker <b>News</b> Conference–Leftist Protester <b>...</b>

If he had been a known "conservative" or "tea party" member, and if it were a Democrat governor's news conference, this would be the #1 lead item, ahead of Sheen etc, and President you-know-who would have already flown into town (or the ...

Good <b>news</b>: Obama now brewing his own beer at the White House « Hot Air

Good news: Obama now brewing his own beer at the White House.



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Monday, February 21, 2011

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Of all the interesting new tech that seems poised to garner a lot of buzz in 2011, near field communication (NFC), is probably the most exciting. If it takes off, it will transform the ways we communicate, share, and make payments with digital devices. This will likely take years to happen, but the groundwork is being laid right now. And RFinity is one of those companies at the forefront.


While Google and Apple are responsible for generating much of the buzz about NFC at the moment, the technology goes far beyond simply having the right type of chip in your mobile device. For example, how do you handle different types of data transfers being made from one device to another? And how to you ensure that they happen as quickly as possible? And most importantly, how do you ensure that they happen securely? Those are the things that RFinity is thinking about.


The company has just raised $4 million from Horizons Ventures in Hong Kong. And the space has gotten so red hot, in fact, that we hear they’re already out raising another round.


And it’s an easy bet for investors to make not only because of the space, but because of where the project originated: The U.S. Department of Energy. Specifically, RFinity was born when a bunch of infrastructure security experts working for the government were assigned to find all the vulnerabilities in cell phones. Through software they came up with, they were able to quite easily eavesdrop, manipulate SMS messages, and even compromise LAN security. Then they set out to figure out a way to stop people from doing those very things. That work led directly to RFinity.


Work originally began in the person-to-person and person-to-vendor sales space by way of mobile applications that route transactions through RFinity’s own secure servers. But now that NFC appears ready, RFinity is making sure they’re ready for it. The idea is that their technology could cut out the middle man here: themselves.


Obviously, the company isn’t going to share all the details on how they secure NFC transfers. But the basic overview is that they verify an incoming NFC signal and ask for a user’s permission before taking any action. Further, if the action is a transaction, it requires a PIN, just as you might do an ATM withdrawal. That’s all pretty standard. But the key is one-time-use transaction codes that RFinity creates on the fly along with complex cryptographic signatures. These ensure that an transaction is secure since it means that every transaction can only happen once. Even if those numbers were intercepted by a hacker, they would be useless beyond the one-time payment.


And even if your phone is lost or stolen, a thief couldn’t do anything without your PIN. And you can remotely shut down your NFC capabilities via RFinity. It’s enough to make me wish I could throw out all my credit cards right now. “Today’s identification and transaction systems are based on what? A magnetic strip on the back of a card, based on a 1950’s technology that relies on a base station to read the information embedded as a series of simple magnetic markers in plastic tape,” writes Josh Jones-Dilworth, who is working with the company to bring them to market.


Again, NFC as a technology is great and potentially game-changing. But the software is still needed to make it actually work. And some of the big guys began realizing that early on as companies like PayPal, Bank of America, and even Subway have been testing out different things with RFinity for some time. In fact, RFinity has actually been doing field tests of the software end of their technology since 2009 in places like Idaho, well before most people in the U.S. had ever thought about NFC.


But now people are starting to care. And soon, they could be caring a lot more. NFC is already built-in to Google’s new Nexus S device — and the company has put out a call for developers to start using the tech. Rumors have the next iteration of the iPhone gaining the technology as well. In other words, I suspect we may be seeing acquisition rumors starting to fly around RFinity in about six months or so. Provided their technology proves up to the NFC challenge, of course.



<b>News</b> Crew Attack: TV <b>News</b> Crew Attacked While Covering Shooting

SACRAMENTO, Calif. (AP); A group of about two dozen angry mourners attacked a news crew reporting on the killing of a 27-year-old man in California.

autosport.com - F1 <b>News</b>: Bahrain withdraws opening race

Bahrain Grand Prix organisers have announced that the event will not host the opening round of the 2011 Formula 1 season, after days of uncertainty following unrest in the country.

Some Genes Like It Hot - Science <b>News</b>

Home / News / Article. Some genes like it hot. Regional DNA differences may be due to climate. By Laura Sanders. Web edition : Saturday, February 19th, 2011. font_down � font_up Text Size. WASHINGTON — You are where you live, ...


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Thursday, February 17, 2011

Business Making Money

There’s a lot of buzz about small business funding these days. The issue has become a major one not only in the small business community but also among government leaders. It’s certain that finding the funds for your small business venture, especially until cash flow becomes regular, is a challenge every small business owner or entrepreneur faces. If you’re facing this issue, we hope the resources below will help. If there is a creative way you have dealt with this issue yourself, please let us know in the comment section below. We would love to hear.


Basics

Four tips for raising cash. Raising money for your business venture is always a challenge and more so in a challenging economic climate. But tough times shouldn’t stop a determined entrepreneur from getting under way…whether investment is easy to come by or not. Open Forum


Praying for the help of angels. This simple post gives first-time entrepreneurs a detailed overview of the angel investor’s world. But more importantly, it takes a look at why angels invest and the kinds of businesses they prefer to invest in. If you’re seeking investment for your business start-up, it’s best to know what invest are looking for…including angels. The Smart Startup


Policy

U.S. program brings entrepreneurs/investors together. Venture capital investor Brad Feld talks about the newly unveiled Startup America Partnership as proof Washington “gets it” when it comes to promoting entrepreneurship. While we’re sure any program putting entrepreneurs and investors together can’t be all bad, a look at lowering taxes and revisiting the potentially harmful healthcare law would help as much as investment Brad. Feld Thoughts


Startup America boosts funding. Another post celebrates the federal program aiming at putting together entrepreneurs with investors. Here Aneesh Chopra, United States Chief Technology Officer, explains and praises the program. Getting funding to startups has become a major focus of government policy, but how will this translate to the broader small business community? Tech Crunch


Startups

New startup aims at providing capital for small business. A new company is trying to automate the loan process allowing small businesses to get an evaluation then apply for funding online. In essence, On Deck Capital takes the classic business approach of finding a problem and solving it. In this case, the problem is finding a better way to get investment for other small businesses. DealBook


Trends

Groundhog Day predictions. Yes, Punxsutawney Phil, the famous groundhog, made his own predictions for the length of winter and the coming of Spring, but small business experts are making their own predictions too. Here are five small business predictions for Spring from a variety of sources, not surprisingly a few touching upon small business funding and its availability. Business News Daily


Small businesses get more credit card offers. Credit card companies will be making more offers to small businesses, according to recent media reports. But could entrepreneurs be too worried about taking on extra debt to take advantage of this opportunity? Read Rieva Lesonsky’s detailed overview of this new funding option and what it means. Small Business Trends


Resources

A whole new fundraising frontier. Could social media be the next frontier for small business fundraising in the same way that it has been for marketing and networking? Enter Kickstarter and other similar sites that turn to online communities as a way of funding projects. Could it be right for your funding needs? Open Forum


Raising capital: a how-to guide. Putting together funding for a small business has never been easy. Still it can be one of the most important skills an entrepreneur possesses. Still, getting started with the fundraising process for your small business is not rocket science. Here are some basic steps to get you started. Open Forum


News

Is small business funding still plagued by discrimination? A settlement as a result of a discrimination suit filed against the U.S. Small Business Administration has apparently still not resolved the issue of whether the federal agency is bias toward minority applicants for business funding. What’s your take on whether the federal loan program could be impeding investment in small business especially in minority or under-served communities? NYTimes


From Small Business TrendsSmall Business News: Small Business Funding Facts




..........and bullshit walks! Easy as that for start-ups when it comes to making up your mind about raising additional capital. Are we in a bubble? No idea but this question keeps creeping up. Those of us who went through the bubble at the turn of the century are secretly hoping we're not in another one. Those who don't remember the last one are also worried wondering whether all the old-timers are right. One way or another, it doesn't really matter. 


You'll hear multiple opinions on whether to raise money at times like this. I have a very clear opinion on this. It's based on the fact that I believe the best venture backed businesses are in it for the long haul. These are companies with a real product that add value to their customers. These are businesses generating real cashflow intent on growing to significant scale. Finally, these are businesses which will use additional money to expand. Hence, here's my take on when to take money (with focus on EU based businesses): 


1. Sequoia or Kleiner are on the phone. Start negotiating, get the best deal you can get and make sure to raise the money. Say what you will but Tier 1 VC's from the US will lead to a far larger exit. Specifically the top tier funds have access to management for your businesses, access to potential partners and are likely to sit on the boards of the companies that could buy you. You'd be dumb not to take money but do so wisely. 


2. A tier 1 fund from Europe is interested. Find out whether there's a good fit with your businesses. I've often enough written about how to figure this out and I say to focus on the partner and not the fund when doing your due diligence. Negotiate a good deal and take the money. Tier 1 funds in Europe have learned to add value, have significantly better networks nowadays and will most likely get you bought by a US based business.    


2.5. A tier 1 fund from your home country calls up. I've labeled this 2.5 because Tier 1 funds in Europe tend to only differentiate themselves based on where they are located. The rest is mostly the same. The benefit of a tier 1 locally invested in your business is the proximity. It's in your interest. You want them closer than further. If the terms are right and you have offers from abroad and locally, I'd sway towards local but the vibe has to be right. You won't be necessarily doing anything wrong taking money from a London VC verses a German VC when you are in Germany. The London VC may even be around more than the German VC. This all depends on the partner. 


3. A tier 2 fund from the US calls up. Ask yourself first why they found you? Go ahead and ask. Further, research the fund and find out what they've done in the past. Have they invested in Europe before? Are they only looking to Europe because their dealflow in the US sucks? Think twice about whether they will invest the necessary time to be in Europe and invested in your business. If the deal terms are good and you are comfortable with the partner doing the deal, take the money. They can still be helpful in accessing US buyers. They are highly unlikely to open as many doors as Kleiner or Sequoia but they definitely know more people in the US than many European partners. Plus make sure you want to go to the US. They will probably eventually ask you to move the company there.


4.  A tier 2 fund from outside your home region in the EU finds you. Ask yourself how the hell they found you. More importantly, if you found them, ask yourself why the Tier 1 funds from your local region aren't interested in what you are doing. Say what you will but a UK based fund prefers to invest first in the UK and then rest of Europe. A German fund in Germany and then rest of Europe, etc. Although valuations are good and the power is in your hands to some extent think twice. There are times when taking money could be detrimental to the health of your business (as well as to your equity stake). It's nice to get a higher valuation and some extra cash but make sure it doesn't ultimately cost you more than you think. 


5. A tier 2 fund from your local region calls up. Again, ask yourself first why the tier 1 funds aren't interested. Don't underestimate the value of many tier 2 funds though. Maybe they aren't the best known name in the market. At the same time, maybe they are striving to become a better fund. Maybe the number two in the market will work harder than the number one for you. This may be in your interest. Maybe! Do your homework and if you are comfortable with terms, take the money. Be far more diligent in this case though. Think longer and harder about whether you really can do more with the money now or prefer to hold out a bit. 


6. Some tier 3 fund you've never heard of and can't find out much about approaches you. Be really careful. There are lots of people in this business who sure won't be around in a couple years. Money from these guys can be a nightmare. At the same time, maybe your business is the nightmare and you couldn't raise money at any other time. One way or another, things aren't going right one way or another. If you need the money to survive and know you'll never get more down the road, do everything you can to raise cash now. Maybe you've just been approached by the future Kleiner or Sequoia of Europe. Maybe not.....but money talks and bullshit walks!


You'll notice a general trend from 1. through 6. above. Take the money! If you can get good terms, know how to put the money you raise to work for growth and like the partner from the funds approaching you, go for it. The getting is good right now. As a VC I'm worried about valuations and bursting bubbles, etc. but as an entrepreneur you should be optimizing for you business. Money is always good. Ignore all the crap about having too much money and being negatively swayed by this. In this post I am defaulting to the fact that I think you are a smart entrepreneur. You aren't going to raise money to get that Porsche as a company car. You're going to grow your business and become amazing. Some will say I am wrong but I'd prefer to have the cash in the bank and worry about being wrong later.  




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Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.

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Facebook hasn't formally explained the latest upgrade to news feed filters, and some users are confused. Some postings describe the default settings almost like a grand conspiracy to hide updates. Let's set the record straight.

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