Savers are hanging on to about $16.7 billion in bonds that are no longer earning interest. It’s equivalent to stuffing money under the mattress.
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Archive for February 3rd, 2010With post-crisis credit still tight, you’ll need to work harder to demonstrate you can handle a mortgage. Jump through these 5 hoops to prove you’re worthy.
Feb
03
2010
 
What Comcast Plans To Tell Congress About Their NBCU Marriage Tomorrow Morning (CMCSK, GE)Posted by: siliconalleyinsider in Silicon Alley Insider
Tomorrow morning, on Feb. 3, Comcast chairman and CEO Brian Roberts and NBC Universal CEO Jeff Zucker will begin testifying before Congress about their big merger. They will testify before the Subcommittee on Communications, Technology & the Internet in the morning and the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights in the afternoon. See Also:
With funding cuts to national defense and major entitlements politically unpalatable, the middle class inevitably will be asked to do more to help close the budget gap.
Feb
03
2010
Monster To Buy Yahoo HotJobs For $225 Million In Cash (YHOO, MWW)Posted by: siliconalleyinsider in Silicon Alley Insider
Monster (MWW) will buy Yahoo (YHOO) HotJobs for $225 million in cash, the companies announced today. Details coming…in the meantime, here’s the release:
Akamai delivers guidance on its earnings call, which begins at 4:30 p.m. ET. Join the conversation about this story » See Also:
Feb
03
2010
To Save The US Economy We Need New Trade Rules — Just Don’t Call It "Protectionism"Posted by: yahootechticker in Yahoo Tech TickerAlmost everyone who has read about the Great Depression has heard of “Smoot-Hawley,” the 1930 law that jacked up import tariffs on thousands of items. Many economists believe that this law, which was designed to help US manufacturers, help
Feb
03
2010
When Is It Ok For A VC To Back Out Of A Term Sheet?Posted by: siliconalleyinsider in Silicon Alley Insider
Venture capital term sheets are not legally binding (except certain subclauses like confidentiality and no-shop provisions). That said, there is a well-established norm that VC’s don’t back out of signed term sheets unless they discover something really, really bad – fraud, criminal backgrounds of founders etc. The best VC in the world, Sequoia Capital, whose companies account for an astounding 10% of NASDAQ’s market cap, has (according to trustworthy sources) only backed out on one term sheet in the last 10 years. Yesterday, one of the 40 or so startups I’ve invested in (either personally or through Founder Collective) had a well-known VC back out of a term sheet for no particular reason besides that they decided they no longer liked the business concept. It’s the first time I’ve seen this happen in my career. See Also:
The guys at Venture Hacks just created a new way of helping qualified startups get meetings with reputable angel investors. Yesterday, they introduced AngelList, “a curated list of angel investors, representing $80M going into early-stage startups this year.” Pretty convenient for any startup to have. See Also:
Feb
03
2010
10 Things You Didn’t Know You Could Do With Gmail And Google Calendar (GOOG)Posted by: siliconalleyinsider in Silicon Alley Insider
Five years after launch, Google finally took Gmail out of Beta last summer. But make no mistake, Google continues to constantly update the product with new experimental features. For example, last year, Google software engineer Ari Leichtberg built a feature called “Got The Wrong Bob.” “Got The Wrong Bob” scans the recipients of a user’s email and, if it looks like the auto-complete accidentally put the wrong “Bob” in the “to” field, it alerts the sender to the mistake.
Feb
03
2010
Take Me to Your Leader: Is Sarah Palin the Future Tea Partier in Chief?Posted by: yahootechticker in Yahoo Tech TickerLess than a year after its creation, the Tea Party movement hits the big time Thursday when it kicks off its first National Tea Party Convention to be held in Nashville, Tennessee. “It does represent the first attempt to bring it closer into the Repu
Feb
03
2010
How I Learned To Pitch To Investors The Hard WayPosted by: siliconalleyinsider in Silicon Alley Insider
Shortly after my college graduation, a few friends and I started a new media company. Within a few weeks we fleshed out the concept, wrote a business plan and set out to seek financing. With a little hustle, I managed to get us a meeting with a well-known investment firm to discuss the opportunity. Even though our business had yet to bring in a single dollar, and none of us had ever been the CEO of coffee shop let alone a multi-million dollar enterprise, we were all confident that we had a sure thing on our hands. After all, our financial projections forecasted gross revenues of $200 million. What investor could say no to that? We’d be rich. All we needed to do was raise a small amount of capital–$15 million. See Also:
 @markgyles linked me to the presentation below after reading my post this morning about measuring social media. As the first slide makes clear the point of the presentation is to say that it is all about the money. It has to be. All other objectives (website traffic, blog comments, Facebook fans etc.) are unimportant if the P&L isn’t showing the impact. Making the linkage can of course be tough, but that doesn’t mean it shouldn’t be done. Think of the lengths the television industry has gone to apply econometric models to TV ad spend so they can calculate RoI. Fortunately there are some simpler ideas in the presentation below. Related articles by Zemanta
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Feb
03
2010
Employment Expert: The iPhone Exacerbated The Unemployment Crisis In January (AAPL, VZ)Posted by: siliconalleyinsider in Silicon Alley InsiderHere it is folks, the wonders of creative destruction. In a discussion of employment, John Challenger, the CEO of research firm Challenger, Gray, and Christmas, said telecom was one of the main contributors to heavy layoffs in January. He specifically calls out Apple’s (AAPL) iPhone for layoffs at Verizon (VZ) right around the 3:30 mark of this video. See Also:
Feb
03
2010
Hulu Viewers Prefer The Single Long Ad 2-To-1Posted by: siliconalleyinsider in Silicon Alley Insider
Hulu CEO Jason Kilar says viewers prefer the single long advertisement by a 2-to-1 ratio over a bunch of short ads interspersed throughout a video. This comes from a USA Today profile of Hulu. See Also:
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Good quarter
