Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
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The man who popularized the Web browser has started a venture capital fund to back the next generation of new technologies.
Marc Andreessen, who co-founded Netscape, is announcing on Monday that he and Ben Horowitz, a longtime business associate, have raised $300 million that they intend to invest in technology companies. The venture capital firm, Andreessen Horowitz, will risk small sums, as little as $50,000, on new ideas.
Then, if they work, they will put in more money, as much as $50 million, for the companies to grow globally. The fund will have its offices on Sand Hill Road, the stretch in Menlo Park, Calif., that is home to top venture firms.
Andreessen Horowitz will be testing a theory of investing, one that has lost favor in recent years in Silicon Valley, that smaller funds making smaller investments in very young companies will yield higher returns.
I think this concept makes complete sense. Take a visionary leader a ton of money, small projects, and higher stakes in new companies sounds like it’s a no brainer to me. Any thoughts?
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Unemployment for 16- to 19-year-olds is at its highest rate since 1992 — at 22.7 percent in May, according to the Bureau of Labor Statistics. That is causing some teenagers to rethink their notion of work and to embrace entrepreneurship.
“This is a generation raised to believe they can do anything, and the first to grow up with entrepreneurial celebrities like Steve Jobs of Apple and Larry Page and Sergey Brin of Google,” said Donna Fenn, who interviewed 150 young entrepreneurs for her forthcoming book, “Upstarts: How Gen Y Entrepreneurs Are Rocking the World of Business and 8 Ways You Can Profit From Their Success.”
[via The New York Times]
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Ok, I don’t want to go overboard with the imagery from the IBM archives, but there is something very iconic with this photograph. The large steamer bag (I think it has a typewriter in it?), the summer weight suit, the standard IBM white-shirt with the “smart tie,” all add to the overall iconic feeling of the picture. I wonder what he’s thinking as he’s walking down the street and the classic cars are zipping by?
I can’t stop thinking there’s something surreal going on here. If anything, this picture would make Michael proud.
An IBM electric typewriter marketing representative in Buenos Aires, Argentina, in 1962.
[via IBM Archives]
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According to the BBC, which surveyed more than 27,000 adults, 79% of respondents said that they either strongly agree or agree that access to the Internet is a fundamental right for every person around the world.Most around the globe believe Web access is a ‘fundamental right’ | Technology | Los Angeles Times
The founders of 37Signals have a new book out today, and it promises to rethink the traditional business plan with simpler solutions to creating a successful business.37Signals’ 13 Simple Rules for Success in Business | Slideshows
Cloud Computing Podcast - AccentureGreat Podcast on Cloud from Accenture. Cloud computing is promising to become the most important technology development since the Internet.
Listen to this exclusive podcast for university students as the Director of Cloud Computing explores what opportunities and challenges lie in the cloud.
In Search of the Lost Customer: Accenture 2009 Consumer Satisfaction Survey .
Consumers expect more and more year over year, and they are finding that companies are not meeting their expectations. Companies need to work harder to keep customers, especially during a bust year.
While interest in alternative vehicles may be growing, consumers do not see ‘green’ as the only purchasing factor and are demanding more from automakers, according to an Accenture (NYSE: ACN) study released today. Accenture’s survey showed that six out of 10 consumers are more likely to buy a hybrid or electric vehicle only when it is superior to gasoline-only models in every way, so while automakers are increasingly focused on addressing the demand for greater fuel efficiency and economy they should also address those areas that continue to influence the consumer. ‘Green’ is not enough by itself.Accenture Newsroom: Consumers Want Green Vehicles to Offer More Than Fuels Savings, Accenture Finds
Cloud Computing, someday, yes?.
Cloud computing hype has been “deafening” lately, as the Economist puts it plainly. But, is it really hype or is it an accurate vision of the future of enterprise?
Given the straitened times, you…
More on Technology and Customer Service.
Due to the nature of my job, I find that I am constantly thinking about how to improve customer satisfaction, but as a consumer, it’s also something that I am acutely aware of when it’s done…
States, Innovate in IT or Else - BusinessWeek.
Interesting read. Systems integration is in demand!
In order to fix SAP, former North American sales boss McDermott and Snabe, head of product development, need to stock its pipeline with products that companies are more interested in buying, calm restive customers, and counter competition from Oracle (ORCL), which has outmaneuvered SAP through canny acquisitions. High on the co-CEOs’ priority list will be shifting SAP’s focus from cost-cutting to innovation. SAP must develop versions of its complicated software that can be delivered over the Internet and run on new classes of mobile computing devices.What SAP Needs After Apotheker - BusinessWeek
15 Amazing Used Tire Sculptures
