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Vaughan takes over Capital show







Vaughan takes over Capital show

Vaughan takes over Capital show 04/19/2004 04:13 AM

Former Big Breakfast presenter Johnny Vaughan has taken over Capital FM's breakfast show




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Venture Capital 101


Venture Capital 101 01/06/2005 06:55 AM

In all the speculation about the deal I haven't seen what surely is the motivator. Six Apart plans to go public. The market will value SA based on it's ability to generate profits, and it will likely do so in proportion to the number of users, the theory being that they can sell things to the users, so the more users, the more they can sell. They might value each user at $100. Anyway, the more users the more value. LJ has a lot of users. So the founders of LJ get SA stock, and the shareholders in SA get more users, and value of the combined companies goes up and the day of the IPO gets closer.


Is Venture Capital Over?


Is Venture Capital Over? 04/14/2005 04:52 AM
A well known venture capitalist is apparently claiming that the age of the VC is over, and is getting out of the business. The specifics of his claim are that VCs won't be able to earn the same sorts of returns they did in the 90s, which he chalks up to "systemic change." If anything, it sounds like he's channeling Nicho las Carr, who believes the tech industry is becoming commoditized and boring (misunderstanding that things first get interesting when stuff gets commoditized). Of course, the silly thing is that he seems to be comparing today's VC returns to what you could get in the 90s. He claims that "the eye-popping returns that make venture capital famous are history." Of course, the easy response to that is that perhaps most of the "eye-popping returns" were the aberration in the first place, built on the bubble of hype-cycles past. That means there's still plenty of opportunity in real innovation -- and even without that, you can bet that there will be more hype cycles and bubbles. History< /a> practically guarantees it. While bubbles aren't good for everyone, good VCs generally are able to make out quite well (since they bail out early enough) -- and we've already explained why bubbl es eventually are good for most people. While it's bad for those who get sucked up in the hype, it does accelerate innovation by allowing a lot of companies to quickly test (and discard!) many different ideas.

In capital letters...


In capital letters... 10/28/2003 11:06 PM
Ok, I've decided to switch to using proper caps again. Got tired of all lower case. Hope you don't mind....

That's "Vacation" with a Capital "V"


That's "Vacation" with a Capital "V" 04/09/2004 04:13 PM

So, my site is on the new LISHost server, just in time to sit idle for a while. I'm heading off to a much anticipated vacation, sans laptop, so things will be even quieter around here than they have been lately (at least until the 19th, maybe later). Please also note that I won't be reading any news during that time, and I'm already so far behind in my email it's no longer a joke, so responses will be delayed even longer than usual. Sorry, but it's vacation, don't you know.

One last pointer that I've been quite remiss in posting until now. Library Journal's 2004 Movers & Shakers list is out, and I'm beyond pleased to see Steven M. Cohen and Lori Bell on it! Congratulations to both of them, as well as to all of the folks included on this year's list! I'm looking forward to reading through all of the write-ups and learning lots of great new things!


Capital Irrelevance


Capital Irrelevance 03/14/2005 06:10 PM
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Visiting the old capital


Visiting the old capital 06/17/2005 05:09 PM
Dsc00186
Ever since I blogged about the anti-Japanese protests in China, I have been having a dialog with a number of people about Japanese history. One of my Chinese friends recommended "Hirohito and the Making of Modern Japan" (Herbert P. Bix) for a more objective and critical view of the Emperor's role in the War. I am reading the book now. I believe this book does a great job of uncovering a fairly systematic coverup by the US occupation and the Japanese media of the role of the Emperor in World War II. However, I do think that Bix tends to makes some conclusions based on the facts he uncovers that I would not necessarily agree with. It is, in any case, a very good book for anyone interested in Japan to read.

With this fresh in my mind, I visited Kyoto, my home town, and was amazed at just how much Japanese tradition is organized around the Emperor. The Emperor went though various levels of influence in the governing of the nation, but has remained in place for 125 generations. Regardless of his level of influence, the Emperor has been the center of most of Japanese culture. Kyoto, for instance, is divided into the "Right Kyoto" and the "Left Kyoto". This has nothing to do with East or West, but is the right or left side of the city when viewed from the Emperor. The bullet train "climbs" from Kyoto to Tokyo (the new capital) toward the Emperor and any road that points away from the Emperor is pointed "down". All kinds of symbols and names allow you to understand exactly what each Temple's relationship to the royal family is. Maybe it was just our guide, or maybe it was that I was sensitized, but I think he talked about the Emperor in almost every explanation he made.

I question whether we should still have an Emperor in Japan and I believe that the facts about the Emperor's involvement in the war should be more publicly known. However, I wonder how the cultural foundation of Japan will change if the Emperor and the royal family were removed.

I have Flickr'ed the trip.

UPDATE: Movie of geisha dance uploaded to archive.org and part 2. (And an older one from a previous trip...)

UPDATE: Rela ted Article - Sanji-Chion-Ji

Comment - TrackBack

Capital for Mac development


Capital for Mac development 11/14/2003 11:59 PM
A few days ago I said that there is no capital for Mac development, that if you want to be a Mac developer you have to fund the effort yourself.

Then on Thursday Robb Beal linked to a press release about You Software. You Software is founded by Craig Barnes, who also founded Extensis and Now Software.

You Software, according to the press release, “has secured a first round of financing from SmartForest Ventures of Portland, Oregon.”

More: “‘Our investment in You Software reflects our excitement about Craig and his team coming back to the Macintosh market,’ said Debi Coleman, SmartForest Ventures Partner and former CIO, CFO, and VP, Worldwide Operations for Apple Computer.”

Okay—so here’s a counter-example, here’s a Mac developer with funding.

This is a sign of growing health, I think. Health in the Mac market and general economic health. (“Growing” health, yes, but neither are really healthy, yet.)

However, my advice to any developer who wants to do Mac software is to act as if you’ve never heard this. My advice is to plan to build a business the old-fashioned way, by creating something of value that people like and will buy. Being an honest, small, independent developer is tons of fun; chasing after capital is tons of pain. (And when you’re chasing you’re not working on your software.)

P.S. Since writing my advice to Mac developers the other day, I was pointed several times to Rogue Amoeba’s Good Ideas. Good stuff, worth reading.

Venture capital up


Venture capital up 12/30/2004 06:51 AM
USA Today Dec 30 2004 10:58AM GMT
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Vaughan takes over Capital show

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