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The following is loosely based on a very good article in today's NYTimes WASHINGTON — After a series of government interventions in the private markets, one seemingly more astonishing than the next, lawmakers found themselves confronted on Wednesday with the question of when and where to draw the line on future aid. But with billions of dollars in financial backing already authorized for Wall Street, and with Election Day fast approaching, Congressional leaders seemed uninterested in denying help to large employers of Americans. Even as lawmakers in both parties unleashed a barrage of questions about the wisdom of a government rescue for the American International Group, support seemed to be growing quickly on Capitol Hill for $532 trillion in venture capital to assist the ailing start-up industry. The chief executives of 172,972 start-ups who have been unable to get VC funding this year met on Wednesday afternoon with House Speaker Nancy Pelosi. When they emerged, they expressed optimism that the investments would be included as part of a budget resolution that is needed to finance
To be successful, drama and fiction rely on what is called a “willing suspension of disbelief.” Perhaps today we need a pause or a willing suspension in an accounting standard that is wreaking havoc. Mark-to market accounting was designed to give a “true” picture of value and thus increased transparency to anyone and everyone who cares. […]
I’m writing this as Lehman Brothers closes its doors and Bank of America rescues Merrill Lynch. Clearly, the news isn’t good on Wall Street. And it’s also far from good on Main Street. The economy has lost jobs for eight months in a row, and the nation’s unemployment rate is now over 6 percent, the […]
Recruiter Denise Palmieri routinely sees job candidates getting in their own way. Here are her five tips to get out of your own way.
Being smart people, we are all aware of the sea change/blip in the financial reporting regulations that is bearing down on corporations. I am referring to the end of the world/no big deal of fair value estimating that has been foisted upon/given to us by the FASB in the forms of FAS 157, FAS 141R […]
The role of a company’s Chief Technology Officer (CTO) is an incredibly critical, but poorly understood, one. Many startups even neglect the position, unless a member of the founding team is a strong technology visionary. Instead, they assume the CIO or VP of Engineering can be responsible for setting technology strategy as well as delivering on it […]
Will the iPhone platform help anyone make money? The underlying questions are 1) What is a platform? 2) Is the iPhone a platform or just a fun piece of hardware? Last year Facebook evolved from an application to a platform enabling a gold rush of investment in application vendors and new venture funds focused on monetizing the new platform. Presumably being a platform is better than being an application, as anybody old enough to remember the Flying Toaster screensaver can attest. After near-ubiquity in the PC era, Wes Boyd and better half Joan Blades (who would later go on to found MoveOn.org) in 1997 sold Berkeley Systems -- including its Flying Toaster application -- for a reported $13.7 million. In 2008 dollars, this would be a Series A. Applications were not a way to make money in the 1990s.
While the popular press continues to exult in the death of old media (newspapers come to mind in particular), the answer is never quite that simple. The truth is that old media and new media are in an evolving symbiotic relationship, and their interplay is increasingly crucial to long-term success. A Primary Issue presents itself […]
Focusing on the supply side of the petroleum markets isn’t the right way to come at this, at least from my perspective. There are more than 300 million acres of public land now available for oil leasing in the United States. Oil companies are currently sitting idle on nearly 70 million of those acres, so there’s plenty of room for new drilling and exploration – we don’t need to add more acreage to the mix.
The following is the text of a speech given Tuesday night at the Democratic National Convention by Nancy Floyd, founder and managing director of energy-focused VC firm Nth Power: Good evening! Ever since I graduated college, I’ve worked in one way or another on renewable energy, trying to find cleaner, cheaper ways to power everything […]
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