July 18, 2009
I often find myself explaining the relationship between pre- and post money valuations and how options pools play into the calculation. Today I came across a very good blog post that explains it better than I’ve ever done. From now on, I’ll just point them to it.
What the author didn’t cover however is that entrepreneurs spend far too much time thinking about pre-money and far too little finding the right investment partner. In my opinion, it makes far more sense to take a lesser deal from a better partner. Having a great pre-money means nothing if the VC’s first move is to throw your ass out for one of their cronies (search “foundercide” to see what I mean) or if their advice is so bad as to insure your ultimate failure.
February 3, 2009
Just starting to play with the new iPhoto 09 and in particular the facial recognition feature. I tested the feature on a few hundred sample images and iPhoto was right more than it was wrong. But the ones that it was wrong made me wonder do I really look like my mother or my friend Sanjay? “Separated at Birth” we are not.
iPhoto's Facial Recognition Has Some Kinks
That said I am very happy with this feature. When I first started adding photos to iPhoto many years ago I dutifully tagged each one. I’ve done that less and less. I had always hoped tools would come along that automated at least some of the process. Two or three years ago there was a far-too-hyped start-up called Riya that promised to do this. But they had no business model and their technology appears to not have been strong enough to make it into tools like this. I hope this isn’t one of those things I play with for a bit, think is incredibly cool, and then never use again. Google Earth, anyone?
December 19, 2008
Dear AOL Video Uploads User,
As we’ve written to you previously, the AOL Video Uploads site has now been shut down and videos stored on the site are no longer available for watching, editing, deleting or transfer.
Our records show that you had uploaded videos to the site. While the AOL Video Uploads site is no longer available, we have made your videos available to be transferred to Motionbox.com for a limited time. Learn more at Motionbox.
Motionbox is a free service that makes it easy to upload, store and share personal videos.Motionbox supports all of the features you’ve come to expect from AOL Video, and offers some additional benefits we think you’ll enjoy.
We appreciate you being an AOL Video Uploads user, and we hope this transition hasn’t caused you an inconvenience.
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I can’t say I’m surprised.
October 4, 2008
I was always a fan of Adobe Premiere and then stopped editing video before iMovie even came out. With the purchase of a new Mac Laptop I’ve started playing with the latest iMovie (08). Unfortunately iMovie 08 involved a major UI departure from the timeline/film strip metaphor that every other editor I’ve ever seen uses. That said, after a short time of playing around with it I was able to create a few promos for my company.
July 24, 2008
Okay, not the greatest quote of all time but at least it was picked up:
“All Steve has to do is show up, prove he is in fact the real Steve Bartman — not some earphone-wearing imposter — and he’ll move to the top of the autograph value list,” said Wesley Hein, CEO of SportsBuy.com.
Remember there is no such thing as bad press.
Here’s the back story.
July 13, 2008
Okay. I’ve been very late to the Flickr party. I did use Flickr two years ago and it was a useful place to host photos that I dropped into blogs. But I didn’t see it for much more than that. I’ve recently come back because I want to see their integration tools and so far I’m pretty impressed. This is a test of one click to blog post.
June 22, 2008
Blogs are supposed to be updated far more frequently than every six months but this has been everything but a normal period for me. First off, I had more or less cleared off enough work responsibilities to be able to train as much as I wanted/needed for Ironman China. And that is exactly what I was starting to do. The runs were getting longer as were the rides. What I didn’t count on was a knee problem derailing the entire trip. Some time in November I got a twinge in my left knee, that twinge worsened and after several visits to several doctors (plus MRI and 2 months of Physical Therapy) I was officially out of the race.
Funny how things turn out however, especially when it comes to filling a void. First, in terms of athletics I had a huge void to fill because I can no longer run or bike (at least for the present). The good news is however is that 2008 seems to be the year that open water swimming is hitting stride. It has been easy for me to find open water races to do and people to train with them. I’ve even joined an open water swimming club on Facebook. Mind you that I still miss running but having a series of swimming races to train for has really helped soften what would otherwise be driving me crazy.
The other thing that happened is that I became CEO of SportsBuy.com (formerly Naxcom Exchange). I had been consulting for them for a few months and my friends know that one of the reasons I like to consult is so that I was able to swim/bike/run more or less as much as I liked. But once I crossed over to the dark side of having real responsibilities, it was no longer just a matter of getting a job done but of being in an office more or less full time. (Link to press release).
While LifeTwo.com is certainly a full-time job in itself, I have always been able to do that on nights and weekends and that will continue. I have benefited greatly from the hands-on work that I do with LifeTwo and that is especially relevant to my new gig which involves bringing social networking/web 2.0 to the sports collectibles industry. For example, check out the SportsBuy events blog that I just pulled together to help publicize the company’s autograph signings and trade show events.
November 5, 2007
Dual announcements here. First I have signed up for Ironman China in April 2008. I now have 6 months to prepare for the 140 mile swim/bike/running race.
The other thing is that Triathlete Magazine has invited me to blog for them. I will be posting twice a week on all things relating to my Ironman preparation. Here is a link to my section.
I want to thank my friend Doug Binns who moved to Asia a few years ago for helping me do research for my Triathlete articles. Doug blogs here.