Varud

I just found the National Venture Capital Association’s page of legal documents.  This is a fantastic resource for the ambitious and cheap entrepeneur.  In the ultra-light startup mode, there is no money for lawyers.  However, that doesn’t mean that the legal framework can be eschewed.  Entrepeneurs should be concerned about the following issues:

1. Intellectual Property – Make sure that everybody who works on the project signs any IP claims over to the company.  If somebody has some particularly valuable piece of IP that they don’t want to just give up, they can license the IP for free to the company.  That way, they retain ownership but the terms of it’s usage are clear.
2. Incorporation – Everybody says LLC is great, but Adeo Ressi of TheFunded.com is pretty clear that a C-Corp is the correct option.  Investors don’t want to deal with an LLC because then they would have annual (quarterly?) tax obligations as partial owners.  The C-Corp protects them from that – they only have to worry about dividends and capital gains when they sell.  It’s good to start an LLC just to handle things like buying your computers and stuff until you’re ready for a C-Corp.  Incorporate.com does a great job.

Everything else is secondary to those two issues above.

I wasn’t looking for it, but this might be the oldest reference to electronic communication paths as “pipes”.  This history page of the top 100 posts of the BBS era has a bunch of examples like that.

I presume the history of using the word “pipes” in a communication sense comes from the actual use of pipes to talk between two floors in a building or on a ship.  Even as recently as the 40s, talking throug pipes was more reliable for short range communication than electric lines.

I always wondered when Google would come up with a way for the end user to moderate up and down certain search results.  For example, about.com has garbage with a ton of ads.  Unfortunately, about.com always gets to the top of search results for basic computer queries.

It looks like now Google will address that with these moderate up and down keys next to the search results.  They call it SearchWiki.  They’re pretty explicit about how this only affects one’s own results – but I’m confident they’re just trying to not incentivize SEO black hats from using click farms to moderate up their placement.  In the end, Google will have to consume this information and modify search results accordingly (I hope).

For anybody in New Orleans, here’s a great post from Chris Schultz about tax breaks for startup investment in there.  Montreal has similar tax breaks for investment as well.  These types of things can really help out an economy although I think they need to be well targeted and they need to have an expiration date.  Otherwise, the government starts getting deep into moral hazard.

NY, in it’s infinite capitalism, has things like NYC Seed for which we just applied.  They want to make money though, nothing for free

There is a group called ITAC which will help out all sorts of technology companies in New York City with getting government money in addition to help with business plans and such.  I met the head of that group a few Friday’s ago, Franklin Madison.  He seemed like a very nice fellow.

This fantastic post was submitted by David Rose on the NY Tech Mailing list, although I can’t find a link to it so here it is in full.  It really sums up what is needed in the city, coordination of all the resources available.  I don’t think this is anybody’s fault – it’s just that there’s so much going on that there really needs to be a solid team of people working on putting it all together for people to read and understand:

The Council of the City of New York
October 27, 2008

Committee on Economic Development jointly with the Committee on Small Business
Oversight: Encouraging the Growth of the City’s Technology-Based Business Sector

Testimony of David S. Rose, Chairman of New York Angels

Good afternoon. My name is David S. Rose, and I am a serial entrepreneur-turned-early-stage-investor who has been founding and financing technology companies in New York City since 1983.  I testify today as Chairman of New York Angels, the largest and most active organization of professional technology angel investors in New York City. Our 75 members, including many of the best-known high-tech investors on the East Coast, have invested over $35 million into more than four dozen early stage technology companies during the past six years.
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Being that I am creating a site tightly coupled with events and calendars, I need some event functionality.  There are three options:

1. The event subsystem from Django Basic Apps
2. Somebody’s self-maintained event app
3. And … the event system that’s in Pinax

Option 3 really is great.  What a great app written with some really good methods including Periods and Relations.  I’m very excited to use it.

One thing I’ve noticed many times is the value of agility.

UserVoice is software that allows companies, groups, or whatnot, to gauge interest in a solution to a problem.  There are some open source programs out there as well, in addition to Google’s Moderator (which takes a long time to find btw – I think they want to tease out some logistics first).

Anyway, UserVoice launched http://www.obamacto.org recently.  This was a brilliant move for a few reasons.  First of all, they’re hitting their target audience – people who want to be or are a CTO (or at least have something to say about it).  For their product, a moderation system, it’s a perfect hit.  Secondly, it’s a proof of concept of how well their system works in a large environment.  If it can handle a few million Americans, it can surely work at a Fortune 500 company.

Companies should always be ready to spin this kind of stuff out.  The best way to do that is to not plan too much ahead of time.  Hire as many smart people as you can afford and go.

Right now I can afford to work for myself for free

I was reading Google’s Operating System blog – and some issues that I had been thinking about percolated up.  Here is an excerpt from my thoughts on differences between ‘self’ and ‘identity’ when it comes to representations of people online.  This is extremely important as social networks go mainstream and mature.

‘Self’ is me, the one that is typing this right now, the one who sleeps at night in my bed, who I’m with in the shower.

‘Identity’ is my portrayal to the rest of the world. For instance, as a business person, I’m interested in social network applications. As a programmer I’m interested in Django programming. As a voter, I’m a fiscal conservative who voted for Obama. I may not mind if some of these identities leak into each other – for instance between programming and business. However, if I were being funded by a strong McCain supporter, I might want to show my Obama support broadly but without interfering with my business identity.

This has been a problem for time immemorial and there have been many ways of solving it. The Federalist papers were written by a few different authors – James Madison being one of them. However, he wasn’t in a position to put his name next to his writings – he needed to use a pseudonym.

Nonetheless, this pseudonym couldn’t be a one-off name – it needed to be used on multiple essays in order to build a reputation. People who like an author, want to read more by that same author – so there needs to be continuity with regards to identities. They need to be managed.

I noticed this very clearly in Disqus recently. They have no isolation between who you are and what your identity is. This is a real problem for a service that focuses on comments. I noticed how somebody, on a technology blog, had also recently commented on a gay city profile site. I presume he’s out and he doesn’t mind, but if he did mind what could he do.

The only current solution is to manage your identities by hand. That will always be the safest option since nobody is as trustworthy as yourself. However, an intermediate step would be better.

Google and other like minded companies need to structurally build isolation between ‘self’ and ‘identity’ so that users can be logged in with multiple profiles available for any given topic.

Ok, I’m back from NC and back in the loop.  I’m not sure if other people have the same problem, but when I start doing about 6 different things, it seems like I get nothing done.  Anyway, I’m glad I gave away last weekend to the Obama campaign in North Carolina.  I went to Wilmington and canvassed the neighborhood with flyers – I also visited my Dad and other people.

As noted in many blogs and articles over the previous months, the Obama campaign is very well designed.  We were given sets of door hanging flyers with the local polling place as well as state-specific information.  In addition, the list was in street order and had a Google Maps printout with pins for all the houses.  I can already imagine 2012 when the parties have iPhone apps and integration with people’s GPS units in their cars.

The thing that made me most happy last week was change.gov.  For me, this is the first real difference between what I think would have happened with McCain and what did happen with Obama.  Within a day, Obama had a real website, with a real government TLD, communicating with the people about what is coming.  The best part was that it wasn’t complete.  Many pages only had ‘Need Content’ on them.  This is our Web 2.0 presidency starting from scratch and it’s really amazing to see in action.

It seems that Sprint-Nextel has de-peered from Cogent.  This kind of thing has happened a few times over the past few years.  Is this a sign of the future.  Nobody seems to be talking about cyberwarfare and the balkanization of the Internet in a serious way.  There are some solid books out there but where is the mainstream media on this very important issue?