Funny @nicknotned (@nickdenton) story about failure & competition from WIRED magazine… good memories. :-)
from wired: Nick Denton
FOUNDER OF GAWKER MEDIA
In 2004, while vacationing in Brazil, I learned that Jason Calacanis
had set up a rival blog network and hired away Pete Rojas, the editor
of our gadget site, Gizmodo. There I was, a mogul at leisure, stopping
by an Internet café only to find that one of my top editors had been
secretly working on a copycat site. It was the business equivalent of
a kick in the balls and a sucky way to end a vacation. Engadget soon
overtook Gizmodo. But I’m grateful to Calacanis.
now has some 10 times the traffic it had then; it’s eclipsing
Engadget. I always say to myself: It’s never as bad (or as good) as it
seems at the time.
Amazing ChartBeat on Amazing Samsung LED TV at Amazing #mahalo office!
i love www.chartbeat.com and I love Samsung 55 LED… so we now have
one at Mahalo!
http://www.mahalo.com/search?q=Samsung+UN55B8000+55-Inch+
according to VentureWire Sequoia Capital commands 2.5% management fee and 30% carry. Impressive, well earned.
Sequoia Targets More Than $1B For Fund With New Structure
www.venturewire.com
Sequoia Capital is in the market for a massive new fund that will emphasize China and bring several investment strategies under one umbrella instead of dividing them between separate funds, according to investors familiar with the situation.
The Menlo Park, Calif.-based firm aims to raise north of $1 billion for Sequoia Capital 2010 LP, these investors say. The structure of this fund, a new tactic for the firm, is designed to comprise China growth and early-stage investments as well as U.S. early-stage deals.
Partners at Sequoia Capital couldn't immediately be reached for comment.
The fund is expected to hold a final close on March 25 of next year, one investor said. Sequoia is changing its structure to be opportunistic and place a greater focus on China, this investor said.
The China early-stage portion of the vehicle is targeted at between $250 million and $300 million, this investor said. The U.S. early- and very early-stage part will target between $400 million and $450 million, while the China growth strategy will aim for between $500 million and $600 million. Two other investors, however, said Sequoia has wider discretion over the allocation figures.
The firm's Israel strategy won't be included in the new structure, investors said. Although the reasons are unclear for not including that portion, the firm's Sequoia Capital Israel IV LP wrapped up fairly recently – at the end of December 2008.
The vehicle will charge a 2.5% management fee until after the sixth year, when it will drop a quarter of a point each year until it reaches 1.5% on the 10th year, according to one investor who received the private placement memorandum. The fund will have a 30% carry, that investor said, noting that the terms are similar to past Sequoia vehicles.
Historically, Sequoia has raised separate funds for the various strategies in the new vehicle. It raised $429.75 million for Sequoia Capital China Growth Fund I in 2007, and $220.5 million for Sequoia Capital China II LP that same year. It also raked in $445 million for Sequoia Capital XII, an early-stage fund focused on the U.S., in 2006.
One past investor in the Sequoia funds said he is undecided on whether to commit to the new vehicle since it doesn't give him the choice to pick strategies.
My Samsung LED TV has the internets on it, with Yahoo Widgets like this finance one. Cool, but slow.
Perez Hilton is speculating–like everyone is thinking–that Brittany Murphy died of an overdose http://bit.ly/8WRPz4
Perez Hilton is speculating–like everyone is thinking–that Brittany
Murphy died of an overdose http://bit.ly/8WRPz4
thinking, but CNN, and even TMZ, will not report on the obvious
possibilities. We live in real time, and the speculation on Twitter
and the blogs is that she was anorexic and addicted to drugs. Is that
true? I have no idea…. but I do think that main stream news needs to
get over the “we can’t speculate” rule. Everyone is speculating in
public and in real time. CNN is well within their right to report on
what blogs and twitter folks are saying.
Britney Murphy's husband Simon Monjack placed the frantic 911 call http://bit.ly/UcNES
Britney Murphy’s husband Simon Monjack placed the frantic 911 call
http://bit.ly/UcNES
http://www.mahalo.com/brittany-murphy-dead
Brittany Murphy Dead of Heart Attack — very sad.
Brittany Murphy Dead of Heart Attack — very sad. She was 32 years old.
http://www.mahalo.com/brittany-murphy-dead
http://www.mahalo.com/brittany-murphy
buzz team): According to a report by TMZ.com, actress Brittany Murphy
died of a cardiac arrest at the age of 32 on the morning of December
20, 2009.1 The story was not immediately confirmed by her
representatives. According to the report, a 911 call was made from the
Los Angeles, California, home of her husband, Simon Monjack, around
8:00 a.m. PST. Emergency responders found the actress non-responsive
and transported her to Cedars-Sinai Medical Center, where she was
pronounced dead.1
