Obama preacher video


Obama preacher video. I can see watching a bit of it why Obama’s come in for criticism. Anyhow, guess on the positive side ‘all’ Obama has to do is back up his talk about transcending racial differences, with some real transcendent action. Now that should be interesting to see. Would win him some votes too, and deliver real change. Not sure how it would help the US economy though, but maybe there doesn’t need to be a direct connection?

Plus Obama’s speech on 18 March addressing the preacher’s words..

Report: Web 2.0 funding in U.S. slows, except at Facebook


Venture capitalists pumped a record $1.34 billion into 178 so-called Web 2.0 deals in the U.S. in 2007, up nearly 88 percent over amounts invested in 2006 — but social networking company Facebook Inc. accounted for 22 percent of it all.

And according to data unveiled Tuesday by Dow Jones VentureSource at the Web Ventures conference in Redwood City, Calif., deal growth is slowing.

From 2002 to 2006, Web 2.0 deal flow doubled every year, but 2007 only saw deals increase 25 percent to 178 from 143 deals in 2006. Nearly all of this growth happened outside Silicon Valley, the longtime home of Web-related innovation and investment.

“On the surface, the numbers look fine for the Bay Area — $720 million invested in 72 deals — but take Facebook’s $300 million out of the statistics and you see a very different picture,” says Jessica Canning, director of global research for Dow Jones VentureSource. “Web 2.0 deals in the Bay Area actually dropped from 74 deals in 2006 to 69 last year and investments were down 3 percent from the $431 million invested in 2006.”

Palo Alto, Calif.-based Facebook raised $240 million from Redmond, Wash.-based Microsoft Corp. (NASDAQ: MSFT) in a highly publicized corporate round as well as at least $60 million more from individual investors last year. The next-largest Web 2.0 deal was the $44 million first round for Ning, also of Palo Alto, which lets users create their own niche social networks.

Despite these larger deals, Web 2.0 companies still remained a relatively inexpensive investment for venture capitalists. According to the data, the median deal size for these companies reached a record $5 million in 2007, up from $4.1 million in 2006. This is still far behind the overall $7.6 million industry median for a venture capital deal in the U.S. in 2007.

Even so, investors are placing a higher value on Web 2.0 companies. The data shows that in 2007, the median pre-money valuation for a Web 2.0 company reached a new high of $10 million, up from $6 million in 2006. Still, that’s well below the overall $16 million median pre-money valuation seen for venture-backed companies in 2007.

Facebook establishing new privacy controls


PALO ALTO, California: Facebook has announced the introduction of privacy controls that give users of the social-networking site the ability to preserve social distinctions between friends, family and co-workers.

Executives at Facebook said Tuesday here that the changes would allow the site’s more than 67 million users to control what was seen by their friends, and friends of their friends.

The company was founded in 2004 as a social site for students at Harvard University and spread quickly to other colleges and eventually into workplaces. Its popularity stems from how the site conveniently allows users to share details of their lives with selected friends online.

While part of Facebook’s appeal has been the greater degree of privacy controls it offers users compared with other major social-networking sites, the site has also been the target of two major revolts by users in response to new features that many felt exposed previously private information to wider view.

Matt Cohler, vice president for product management at Facebook, said it was seeking to evolve beyond the simple privacy controls originally aimed at relatively homogenous groups of college-age users.

“We have a lot more users, a lot more types of users, a lot more relationships, we have a lot more types of relationships,” Cohler said.

But only 25 percent of current users have bothered to take control of their privacy using Facebook’s personal-information settings, the company said.

The use of Facebook has exploded fivefold over the past year and a half. Two-thirds of its users are outside the United States, compared with about 10 percent 18 months ago, when most members were student age and in the United States.

Facebook members will be able to control access to details about themselves they share on the site at a group-level by creating and managing lists of friends that are granted different levels of access to such information. Users already control what individual friends see on a member’s profile.

The new privacy controls were to be introduced early Wednesday in California, the company said.

The group privacy controls take advantage of “friends lists,” a feature that was introduced in December and helps members organize friends in their network into groups. These private lists allow users to direct messages to selected friends or filter what personal details those groups see. Users can create as many as 100 different “friends lists.”

Late last year, Facebook allowed users to turn off a controversial feature called Beacon that monitors what Web sites they visit. The chief executive, Mark Zuckerberg, apologized for not responding sooner to privacy complaints regarding the feature.

Beacon is a way to keep one’s network of friends on Facebook informed of one’s Web surfing habits. Critics argued that this feature transformed Facebook from a members-only site known for privacy protections into a diary of one’s wider Web activities.

The machinery of hope?


…”They’ve married the incredibly powerful online community they built with real on-the-ground field operations. We’ve never seen anything like this before in American political history.” (That’s the Obama campaign, btw;-) (Rolling Stone, March 2008) — follow-up blog at ‘Portals and KM‘, March 17, 2008.

What Cambridge taught me, to teach myself


Apart from the value of a sense of humour/what Cambridge taught me was <not surprisingly having studied history and sps> = the theory & practice of dialectics.

PS: it’s Ted’s 95th birthday today..

AOL to buy Bebo — is the bubble already over?


AOL to buy social networking site Bebo:

(Andy Beal, Market Pilgrim) As you’ve probably heard AOL today (er, yesterday for me;-) announced the acquisition of social networking site Bebo for $850 million.

Sure, we could discuss how this will help AOL turn AIM and ICQ into an uber-social network. We could also discuss how Yahoo and Google let this slip from their grasp. But, here’s the question I’d like to ask…

Does this prove that social networks are approaching their own “bubble?”

For the past year, we’ve heard rumors that Bebo is up for sale. Valuations have typically placed the social network in the $1 billion to $1.5 billion price range. Now, after weeks of speculation that internet users are tiring of social networks, Bebo sells for just $850 million–almost half the top-end valuation thrown around last year.

Here’s what I think. The rise (and demise) of social network valuations will be bookended by two deals. News Corp’s bargain buy of MySpace for $580 million–which is now worth considerably more–and AOL’s purchase of Bebo for $850 million–which appears to be considerably less than previous valuations.

Is this a bubble? Will the popularity of social networks burst? I guess, all eyes are now on Facebook to see if its next deal keeps its valuation close to the $15 billion from October 2007.

PS: I wonder what my mate at AOL UK thinks of it?

Integrating social networks behind the corporate firewall


It occurred to me that with the current trend for building social networking sites behind the corporate firewall that this will stimulate demand for existing data to be able to interact with that. Which is not an easy job, but one with real business benefits. Then the social network is not just a nice place to share ideas, but also the portal for all social media integration. Nothing new in what I’m saying, just can see that as an interface for people to handle the social media RSS feeds, IM, wikis, blogs, and link in with existing data systems that it has its advantages (especially if you already have a social network).

Hey, but in one way it’s just a small part of the wider movement to a semantic ‘mega-mash-up’ visioned by Tim Berners-Lee, in which “Social networking sites such as Facebook and MySpace would be eventually displaced by networks that connect all types of things, not just people”. Hmm, I see the connections.

Getting Real


To get the online version of the 37Signals blockbuster go to http://gettingreal.37signals.com/ then click on http://gettingreal.37signals.com/toc.php then begin reading with http://gettingreal.37signals.com/ch01_What_is_Getting_Real.php though I personally skipped to the value of writing skills.

Facebook’s key lesson — give users more control


Zuckerberg said the episode (the Beacon furore) taught him an important lesson. “Almost all of the mistakes we made, we didn’t give people enough control,” he said. “We need to give people complete control over their information. The more control and the more granular the control, the more info people will share and the more we will be able to achieve our goals.” (Business Week)

 

Don’t get mad, get ‘even’


Scrapped this off my Google Alert. I’d just like to say, what do you mean ‘even people in The Long Tail’? I mean surely this is a classic case of where the Long Tail is going to really hit some home runs. No ‘even’ about it. Forget Facebook etc, the Long Tail niche has got to be a dominant theme in the growth of social networks along with global expansion of early movers like MySpace (see Facebook French-language version news) , expansion of corporate social networking (eg Accenture) and mobile social networking. Plus, the other theme/counter-move to drop social networking as such and simply link together existing data through blogs, wikis, and RSS in Headshift fashion.

Top Social Networks in February 2008
By briansolis
Niche markets are gaining ground and will prove that even people in The Long Tail want to network with each other. Cafemom, a social network geared towards mothers, experienced a 500% surge in traffic. Linkedin, a networking site for …
bub.blicio.us – http://bub.blicio.us