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Must read for every entrepreneur!  When your product and service can command these kind of terms, for sure your company is worth investing in. "A founder-friendly term sheet When I invest (outside of YC) I make offers with the following term sheet.  I've tried to make the terms reflect what I wanted when I was a founder.  A few people have asked me if I'd share it, so here it is.  I think it's pretty founder-friendly. If you believe the upside risk theory, then it makes sense to offer compelling terms and forgo some downside protection to get the best companies to want to work with you. What's most important is what's not in it: *No option pool.  Taking the option pool out of the pre-money valuation (ie, diluting only founders and not investors for future hires) is just a way to artificially manipulate valuation.  New hires benefit everyone and should dilute everyone. *The company doesn't have to pay any of my legal fees.  Requiring the company to pay investors' legal fees always struck me as particularly egregious-the company can probably make better use of the money than investors can, so I'll pay my own legal fees for the round (in a simple deal with no back and forth they always end up super low anyway). *No expiration.  I got burned once by an exploding offer and haven't forgotten it; the founders can take as much time as they want to think about it.  In practice, people usually decide pretty quickly. *No confidentiality.  Founder/investor relationships are long and important.  The founders should talk to whomever they want, and if they want to tell people what I offered them, I don't really care.  Investors certainly tell each other what they offer companies. (Once we shake hands on a deal, of course, I expect the founders to honor it.) *No participating preferred, non-standard liquidation preference, etc.  There is a 1x liquidation preference, but I'm willing to forgo even that and buy common shares (and sometimes

Must read interview. Marc Andreessen explains his five big ideas, taking us from the beginning of the Web, into the Cloud and beyond. Great stuff! ... (1) 1992 - Everyone Will Have the Web ... (2) 1995 - The Browser will the Operating System ... (3) 1999 - Web business will live in the Cloud ... (4) 2004 - Everything will be Social ... (5) 2009 - Software will Eat the World excerpt: Technology is like water; it wants to find its level. So if you hook up your computer to a billion other computers, it just makes sense that a tremendous share of the resources you want to use-not only text or media but processing power too-will be located remotely. People tend to think of the web as a way to get information or perhaps as a place to carry out ecommerce. But really, the web is about accessing applications. Think of each website as an application, and every single click, every single interaction with that site, is an opportunity to be on the very latest version of that application. Once you start thinking in terms of networks, it just doesn't make much sense to prefer local apps, with downloadable, installable code that needs to be constantly updated.

"We could have built a social element into Mosaic. But back then the Internet was all about anonymity."
Anderson: Assuming you have enough bandwidth.

Andreessen: That's the very big if in this equation. If you have infinite network bandwidth, if you have an infinitely fast network, then this is what the technology wants. But we're not yet in a world of infinite speed, so that's why we have mobile apps and PC and Mac software on laptops and phones. That's why there are still Xbox games on discs. That's why everything isn't in the cloud. But eventually the technology wants it all to be up there.

Anderson: Back in 1995, Netscape began pursuing this vision by enabling the browser to do more.

Andreessen: We knew that you would need some pro

Excellent Hadoop/Hive explanation.  Hat tip to Matt Asay for the link.  I eft a comment on Matt's blog questioning the consequences of the Oracle vs. Google Android lawsuit, and the possible enforcement of the Java API copyright claim against Hadoop/Hive.  Based on this explanation of Hadoop/Hive, i'm wondering if Oracle is making a move to claim the entire era of Big Data Cloud Computing?  To understand why, it's first necessary to read Matt the Hadoople's explanation.   kill shot excerpt: "You've built your Hadoop job, and have successfully processed the data. You've generated some structured output, and that resides on HDFS. Naturally you want to run some reports, so you load your data into a MySQL or an Oracle database. Problem is, the data is large. In fact it's so large that when you try to run a query against the table you've just created, your database begins to cry. If you listen to its sobs, you'll probably hear "I was built to process Megabytes, maybe Gigabytes of data. Not Terabytes. Not Perabytes. That's not my job. I was built in the 80's and 90's, back when floppy drives were used. Just leave me alone". "This is where Hive comes to the rescue. Hive lets you run an SQL statement against structured data stored on HDFS. When you issue an SQL query, it parses it, and translates it into a Java Map/Reduce job, which is then executed on your data. Although Hive does some optimizations, in general it just goes record by record against all your data. This means that it's relatively slow - a typical Hive query takes 5 or 10 minutes to complete, depending on how much data you have. However, that's what makes it effective. Unlike a relational database, you don't waste time on query optimization, adding indexes, etc. Instead, what keeps the processing time down is the fact that the query is run on all machines in your Hadoop cluster, and the scalability is taken care of for you." "Hive is extremely useful in data-warehousing kind of scenarios. You would

Very interesting article from WSJ on the eve of the FaceBook IPO.  Karlgaard claims that in Silicon Valley, social networking is last years story.  The innovators have moved on to really important stuff, "big stuff", like transportation, energy, electricity, food production, water delivery, health care and education. Killer quote: In Silicon Valley, investing in social-media companies is already passé. Last year, as private investors were bidding up Facebook's valuation to $100 billion, the veteran Silicon Valley investor Roger McNamee said "the next 500 social-media companies will lose money." He's broadly right. The time to make big returns in Facebook and in social media has passed.......... Karlsgard argues that the future belongs to the algorythm engineers, and the magic they make.  He sights the incredibly rapid development of the Google Car, concluding that "This rate of progress is normal in the algorithmic world, but it is new in the physical world."  Silicon Valley is where the great algorithms engineers put their genius to the test.  It's still where money meets magic, and algorithms get to whip saw reality. first up: Manufacturing and Energy. excerpts: Social media is already passé in Silicon Valley. America's innovation engine is now focused on transportation, energy and manufacturing. In March 1986, Microsoft ended its first day as a public company with a market capitalization of $780 million. Its value grew more than 700 times that over the next 13 years and made Bill Gates, in 1999, the richest man ever with a net worth of $101 billion. When Facebook goes public this Friday its market cap could easily hit $100 billion, bringing founder Mark Zuckerberg's net worth to more than $18 billion. That's about 50 times what Mr. Gates was worth after Microsoft's IPO. Facebook's big payday should be cause for celebration in a liberal democracy. Instead it has provoked two kinds of anxiety. Both imply America's best days are over.

Nice catch by Jason.  The lesson learned is one we've seen time and again.  excerpt: Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly of something brand new from nothing but an idea. This is the story of a wonderful idea. Something that had never been done before, a moment of change that shaped the Internet we know today. This is the story of Flickr. And how Yahoo bought it and murdered it and screwed itself out of relevance along the way. Do you remember Flickr's tag line? It reads "almost certainly the best online photo management and sharing application in the world." It was an epic humble brag, a momentously tongue in cheek understatement. Because until three years ago, of course Flickr was the best photo sharing service in the world. Nothing else could touch it. If you cared about digital photography, or wanted to share photos with friends, you were on Flickr. Yet today, that tagline simply sounds like delusional posturing. The photo service that was once poised to take on the the world has now become an afterthought. Want to share photos on the Web? That's what Facebook is for. Want to look at the pictures your friends are snapping on the go? Fire up Instagram.

Comment posted 1 week ago in reply to Zzgomes .....  by Ed Carp.  Finally someone who gets it! OBTW, i replaced Windows 7 with Linux Mint over a year ago and hope to never return.  The thing is though, i am not a member of a Windows productivity workgroup, nor do i need to connect to any Windows databases or servers.  Essentially i am not using any Windows business process or systems.  It's all Internet!!! 100% Web and Cloud Services systems.  And that's why i can dump Windows without a blink! While working for Sursen Corp, it was a very different story.  I had to have Windows XP and Windows 7, plus MSOffice 2003-2007, plus Internet Explorer with access to SharePoint, Skydrive/Live.com.  It's all about the business processes and systems you're part of, or must join.   And that's exactly why the Linux Desktop has failed.  Give Cloud Computing the time needed to re-engineer and re-invent those many Windows business processes, and the Linux Desktop might suceed.  The trick will be in advancing both the Linux Desktop and Application developer layers to target the same Cloud Computing services mobility targets.  ..... Windows will take of itself.   The real fight is in the great transition of business systems and processes moving from the Windows desktp/workgroup productivity model to the Cloud.  Linux Communities must fight to win the great transition. And yes, in the end this all about a massive platform shift.  The fourth wave of computing began with the Internet, and will finally close out the desktop client/server computing model as the Web evolves into the Cloud. excerpt: Most posters here have it completely wrong...the *real* reason Linux doesn't have a decent penetration into the desktop market is quite obvious if you look at the most successful desktop in history - Windows.  All this nonsense about binary driver compatibility, distro fragmentation, CORBA, and all the other red herrings that people are talking about are completely irrelevant

Quick review of different sync-share-store services, starting with DropBox and ending with three Open Source services. Very interesting. Things have progressed since I last worked on the SurDocs project for Sursen. No mention in this review of file formats, conversion or viewing issues. I do know that CrocoDoc is used by near every sync-share-store service to convert documents to either pdf or html formats for viewing. No servie however has been able to hit the "native document" sweet spot. Not even SurDocs - which was the whole purpose behind the project!!! "Native Documents" means that the document is in it's native / original application format. That format is needed for the round tripping and reloading of the document. Although most sync-share-store services work with MSOffice OXML formatted documents, only Microsoft provides a true "native" format viewer (Office 365). Office 365 enables direct edit, view and collaboration on native documents. Which is an enormous advantage given that conversion of any sort is guaranteed to "break" a native document and disrupt any related business processes or round tripping need. It was here that SurDoc was to provide a break-through technology. Sadly, we're still waiting :( excerpt: The availability of cheap, easy-to-use and accessible cloud file-sharing services means users have more freedom and choice than ever before. Dropbox pioneered simplicity and ease of use, and so quickly picked up users inside the enterprise. Similar services have followed Dropbox's lead and now there are dozens, including well-known ones such as Google Drive, SkyDrive and Ubuntu One. cloud.jpg Valdis Filks , research director at analyst firm Gartner explained the appeal of cloud file-sharing services. Filks said: "Enterprise employees use Dropbox and Google because they are consumer products that are simple to use, can be purchased without officially requesting new infrastructure or budget expenditure, and can be installed qu

Odd that the reporter mentions the importance of security near the top of the article but gives that topic such short shrift in his evaluation of the services. For example, "secured by 256-bit AES encryption" is meaningless without discussing other factors such as: [i] who creates the encryption keys and on which side of the server/client divide; and [ii] the service's ability to decrypt the customer's content. Encrypt/decryt must be done on the client side using unique keys that are unknown to the service, else security is broken and if the service does business in the U.S. or any of its territories or possessions, it is subject to gagged orders to turn over the decrypted customer information. My wisdom so far is to avoid file sync services to the extent you can, boycott U.S. services until the spy agencies are encaged, and reward services that provide good security from nations with more respect for digital privacy, to give U.S.-based services an incentive to lobby *effectively* on behalf of their customer's privacy in Congress. The proof that they are not doing so is the complete absence of bills in Congress that would deal effectively with the abuse by U.S. spy agencies. From that standpoint, the Switzerland-based http://wuala.com/ file sync service is looking pretty good so far. I'm using it.

In depth technical discussion about Flash, HTML5, H.264, and Google's VP8.  Excellent.  Read the comments.  Bottom line - Google has the juice to put Flash and H.264 in the dirt.  The YouTube acquisition turns out to be very strategic. excerpt: The internet has been filled for quite some time with an enormous number of blog posts complaining about how Flash sucks-so much that it's sounding as if the entire internet is crying wolf.  But, of course, despite the incessant complaining, they're right: Flash has terrible performance on anything other than Windows x86 and Adobe doesn't seem to care at all.  But rather than repeat this ad nauseum, let's be a bit more intellectual and try to figure out what happened. Flash became popular because of its power and flexibility.  At the time it was the only option for animated vector graphics and interactive content (stuff like VRML hardly counts).  Furthermore, before Flash, the primary video options were Windows Media, Real, and Quicktime: all of which were proprietary, had no free software encoders or decoders, and (except for Windows Media) required the user to install a clunky external application, not merely a plugin.  Given all this, it's clear why Flash won: it supported open multimedia formats like H.263 and MP3, used an ultra-simple container format that anyone could write (FLV), and worked far more easily and reliably than any alternative. Thus, Adobe (actually, at the time, Macromedia) got their 98% install base.  And with that, they began to become complacent.  Any suggestion of a competitor was immediately shrugged off; how could anyone possibly compete with Adobe, given their install base?  It'd be insane, nobody would be able to do it.  They committed the cardinal sin of software development: believing that a competitor being better is excusable.  At x264, if we find a competitor that does something better, we immediately look into trying to put ourselves back on top.  This is why

For those who care about Web accessibility, here is an opportunity to provide feedback on some accessibility tools for one of the most widely-used web services. The message deserves wide distribution. The contact email address is on the linked page.  The linked tool set should also be of interest to those doing mashups or embedding YouTube videos in web pages. Hi all, I'm the co-developer a YouTube third-party tool called EmbedPlus. It enhances the standard YouTube player with many features that aren't inherently supported. We've been getting lots of feedback regarding the accessibility benefits of some of these features like movable zoom, slow motion, and even third-party annotations. As the tool continues to grow in popularity, the importance of its accessibility rises. I decided to do some research and found the WAI Interest group to be a major proponent of accessibility on the web. If anyone has time to take a look at EmbedPlus and share feedback that could help improve the tool, please do. Here's the link: http://www.embedplus.com/ Thank you in advance, Tay

Not sure why this is "huge", but it is very cool.  Personally i don't care for Box.net.  DropBox sync has them beat by a mile.  Where Box.net could seriously improve and distinguish themselves from DropBox is with the Project Management component.  Needs improvement.  Maybe they should hire Conrado?  For integration with Google Docs, SyncDocs is still my fav.  For sync-share-collaborate with MSOffice, nothing beats wiki-WORD. excerpt: Box.net made a huge announcement about online collaboration. Box.net is now almost completely integrated with Google Docs for collaborating with friends or in the workplace.

I wound up joining this campaign at the urging of the ACLU after checking the Privacy Policy. The Reset the Net campaign seems to be endorsed by a lot of change-oriented groups, from the ACLU to Greenpeac to the Pirate Party. A fair number of groups with a Progressive agenda, but certainly not limited to them. The right answer to that situation is to urge other groups to endorse, not to avoid the campaign. Single-issue coalition-building is all about focusing on an area of agreement rather than worrying about who you are rubbing elbows with.  I have been looking for a a bipartisan group that's tackling government surveillance issues via mass actions but has no corporate sponsors. This might be the one. The reason: Corporate types like Google have no incentive to really butt heads with the government voyeurs. They are themselves engaged in massive surveillance of their users and certainly will not carry the battle for digital privacy over to the private sector. But this *is* a battle over digital privacy and legally defining user privacy rights in the private sector is just as important as cutting back on government surveillance. As we have learned through the Snowden disclosures, what the private internet companies have, the NSA can and does get.  The big internet services successfully pushed in the U.S. for authorization to publish more numbers about how many times they pass private data to the government, but went no farther. They wanted to be able to say they did something, but there's a revolving door of staffers between NSA and the big internet companies and the internet service companies' data is an open book to the NSA.   The big internet services are not champions of their users' privacy. If they were, they would be featuring end-to-end encryption with encryption keys unique to each user and unknown to the companies.  Like some startups in Europe are doing. E.g., the Wuala.com filesync service in Switzerland (first 5 GB of storage free). Compare tha

Installing a security solution is important; however you just cannot assume that you are done there. Keeping your antivirus databases up-to-date is just as important as the initial install. Kaspersky Lab products update automatically, but sometimes certain issues can happen because of our inappropriate use of internet or may be caused by a conflict with some software or drivers installed on your computer. We recommend to exploit our Kaspersky Support Number which is toll-free +1-855-676-2448 and our experienced professionals will take care of your device and issue instantly.

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The Archive Team Warrior is a virtual archiving appliance. You can run it to help with the ArchiveTeam archiving efforts. It will download sites and upload them to our archive - and it's really easy to do! The warrior is a virtual machine, so there is no risk to your computer. The warrior will only use your bandwidth and some of your disk space. It will get tasks from and report progress to the Tracker. Basic usage The warrior runs on Windows, OS X and Linux using a virtual machine. You'll need one of: VirtualBox (recommended) VMware workstation/player (free-gratis for personal use) See below for alternative virtual machines Partners with and contributes lots of archives to the Wayback Machine. Here's how you can help by contributing some bandwidth if you run an always-on box with an internet connection.