China's SeedAsia Opens For Business, An Online Equity Crowdfunding Platform For Startups Across Asia
SeedAsia, an equity crowd-funding site based in China, has just launched. The company is offering stakes in selected early-stage startups to the public. “It’s kind of a hybrid between Kickstarter and private investment,” said co-founder Tom Russell. The startups to be listed would have ideally gone through some some sort of incubation program and would have shown promise. They can apply offer between $50,000 and $1.5 million in equity through SeedAsia’s platform. SeedAsia takes a 5 percent cash commission from the startup and another 5 percent of the investor’s equity. It is currently considering charging a management fee next year, said Russell. Potential investors need to apply and be screened, and SeedAsia has set the minimum investment commitment at $2,000 per member. “It costs about $20,000 to $30,000 at minimum to be an angel investor, so this lowers the entry barrier for people,” he said. SeedAsia is the first equity crowd-funding site to launch in the region, although ...
Death Knell For Righthaven In 9th Circuit Decision
An anonymous reader writes with this snippet from Ars Technica: "Righthaven, the Las Vegas operation that sought to turn newspaper article copyright lawsuits into a business model, can now slap a date on its death certificate: May 9, 2013. This morning, the US Court of Appeals for the Ninth Circuit ruled on the two Righthaven appeals that could have given the firm a final glimmer of hope—and the court told Righthaven to take a hike (PDF)."
Rachel Andrew on the Business of Web Dev: You Can’t Do Everything
You can do anything but you can’t do everything David Allen In any given day I can find myself reading up on a new W3C proposal, fixing an issue with our tax return, coding an add-on for our product, writing a conference presentation, building a server, creating a video tutorial, and doing front end development for one of our sites. Without clients dictating my workload I’m in the enviable position of being able to choose where to focus my efforts. However, I can’t physically do everything. I’m one half of a two-person web development business—the team behind the little CMS, Perch. I’m also an author and speaker on subjects that range from CSS to technical support, and I enjoy all of it. When we were a service business, what I was actually working on was largely dictated by the requirements of our clients. Whether they wanted to pay me to build servers, manage projects, or write code didn’t really matter. I was exchanging my time for money, doing a range of things I enjoyed. ...
Microsoft Prepares Rethink On Windows 8
jones_supa writes "Microsoft has confirmed to be preparing to reverse course over elements of Windows 8. 'Key aspects' of how the software is used will be changed when Microsoft releases an updated version of the operating system this year, Tami Reller, head of marketing and finance for the Windows business, said in an interview with the Financial Times. Referring to difficulties many users have had with mastering the software, she added: 'The learning curve is definitely real.'" While this decision is generally being framed as a frantic backtrack for Microsoft, it comes as the company has recently passed 100 million Windows 8 licenses sold. Clearly they see this as more of a course adjustment than bailing water from a sinking ship. Microsoft also plans to preview the update called 'Windows Blue' in June.
“Ambient Location” Didn't Work, So Business Networking App Intro Pivots To Mobile Group Management
It’s fair to say that the “ambient location” craze has passed. Several of the mobile apps intent on connecting people with friends and other recommended users nearby are still struggling to find mainstream adoption. Some, like Glancee and Glassmap have sold. Others, like Kismet, have moved into new product categories. And today, the business-focused networking app Intro, is pivoting. Gone are the “ambient location” features which once alerted you to nearby users based on things like geotagged tweets or check-ins. With the new version, the company has shifted the focus solely to making one-to-one introductions between members of LinkedIn or Meetup groups. Explains co-founder Anthony Erwin, the decision to make this switch came from observations of user behavior. The best and most powerful introductions the app enabled were those where the members were each in the same group already. 90 percent of the time when an intro was created and members would connect, they cited being in ...