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I'm waiting for the mutual fund managed by Britney Spears, Paris Hilton, and Lindsay Lohan.
Speaking of which, where is Ashton Kutcher's syndicate?
1 month, 3 weeks ago on AngelList syndicates are changing seed investing, whether VCs like it or not
*Start-up* focused syndicates...very good idea.
Curator/Calacanis focused syndicates...maybe not so much.
I wonder if the accredited investors able to play in Angel List's sandbox really need to piggyback on a celebrity curator (it isn't like AL is flooded with dumb-money dentists looking to invest...yet)
Said AI's might do just as well employing their own judgment or invoking passive indexing by investing in a wide array of startups.
Any potential intermediary conflicts of interest are thereby avoided.
As is the carry.
1 month, 3 weeks ago on Calacanis plays God: How to go from zero to $1M in a weekend thanks to AngelList Syndicates
Hmm...lot of TV/net mashups in the air (this and Twitter) - wonder how much of it has to do with the internet getting 40 cent CPMs and television still getting $10 CPMs.
Lotta room for TV to pay off net providers to direct internet users back to TV...
1 month, 3 weeks ago on Dijit partners with broadcasters to remind users to watch TV
Less expensive production is one part of the equation of getting indies to a (much) wider audience.
Exhibition is another - and how many mainstream theater owners are not intimidated by the Big 6 and their booking practices?
And the biggest hurdle?
Notice who owns 90% of television networks?
The same Big 6 studios who want every possible cinema dollar going to *them*.
(As if your average indie/indie distributor could afford TV advertising anyway).
What is *really* needed for greater awareness of indies to catch on, is a decently/well capitalized indie *distributor* who knows how to navigate the exhibitor and advertising minefields.
This should be theoretically possible but I don't think the indie community focuses enough upon the advertising/distribution/exhibition aspects of film-making.
Not "creative" enough - but absolutely crucial if a film is going to be seen by anything other than a boutique audience.
All the attention is paid to the one-off process of making the film - not the overhead infrastructure needed to get indies *known*.
1 month, 3 weeks ago on Conversation @ http://tribecafilm.com/future-of-film/racking-focus-two-dollar-radio-independent
"the concept of “cobbling”
Wasn't that "hobbling"?
If not, I'm *really* going to watch myself around shoe-makers.
(Really, really makes you rethink why exactly that dirty old man Geppetto wanted "a real, live boy")
1 month, 3 weeks ago on Conversation @ http://tribecafilm.com/features/20-best-stephen-king-movies-ranked-carrie
"FFF brings along the actors, director, and other principals for a red carpet event..."
Sounds too expensive for the possible incremental revenue generated.
Batched/grouped/shared services make sense (sharing the overhead of distribution) but you have to think that shared marketing (ad buys, etc.) is a better way to go.
4 months, 3 weeks ago on Can MouseTrap Films save independent movies?
That is why I called him lazy and sloppy.
And there is a point where laziness and sloppiness meshes with cowardice.
This article is that point.
I don't see any apologies or corrections here yet.
4 months, 3 weeks ago on Yup, sexually-repressive nations watch a lot of porn too
Outstanding, underappreciated article.
5 months, 1 week ago on Conversation @ http://tribecafilm.com/future-of-film/crowdfunding-rewards
"Because the majority of startup stories that get published highlight either raising funds or an exit. "
Absolutely true - but, if you think about it, it doesn't have to be this way - pretty easy to set up a website to accept and publish the audited financial results of cash-flow positive private companies.
In fact, unless the publication of said results are intended to condition the market in anticipation of a near term public stock sale, I don't know if the SEC could even say boo about it.
But it would publicize the *real* world of micro start-ups that are low-to-no funded but are nevertheless cash-flow positive - today, now.
As opposed to the endlessly churning, idiotically over-hyped VC universe of over-funded start-ups which are continually hustling/conning the next round of investors, all the while desperately jonesing for a big money exit before the whole house of cards is exposed (looking at you...take your pick of SV "virtual financial reality" "market cap" hustlers...).
This was an important post - thanks LR.
6 months, 1 week ago on The amount of money a startup raises shouldn’t be the only metric of respect
" Rather, the value of a universal virtual currency would be its transcendence of borders."
The value of an alternative virtual currency will be the *inability* to hike supply of said currency in order to purchase political power at the expense of expropriating established savings.
You know, like the central bank master forgers are doing the world over as we speak. (Zimbabwe Ben, etc.).
By pumping out fiat money supply increases of 30% (or more) per year, while real world assets are - at best - growing at 3% per year, the holdings of every saver in existence are confiscated (without anything resembling legal authority - hello, Takings Clause of the 5th Amendment).
Every saver in existence is being diluted to destruction in order preserve the privileges of the Political Class.
Cutting the operational hands off the fiat money master forgers is the *ultimate* value of an alternative currency - not circumventing Forex fees.
6 months, 1 week ago on For the bitcoin economy to grow, anonymity needs to die
Wow, $1 CPMs are...low for video.
Hell, even Facebook-glutted display advertising gets 50 cent CPMs - traditional TV probably averages out at $10 - or 10x as much as Youtube views.
The "problem" with any internet distributed media is that the cost of entry is so low - leading to a zillion competitors, all driving the CPMs down to very low levels.
TV gets its $10 CPMs because,
1) There are a limited number of broadcast and cable channels
2) Only 4 major, enormously indebted carriers account for the vast majority of delivery (Comcast, TW Cable, Direct TV, DISH)
3) Only 6 extremely wealthy content providers provide the vast majority of content and have a stranglehold on content libraries (Disney/ABC, Universal/NBC, Warner Bros/Time Warner/WB, Fox/Fox, Paramount/CBS, Sony).
These oligopolies enforce "price discipline" on CPMs the way mafia dons enforce loyalty.
*But* - once online video becomes as easy to access as traditional TV (ie, channel surfing) then TV CPMs are going to crash to something much closer to $1 than $10.
There will simply be *way* too many content providers for the Content Mafia to rule the roost.
Roku, etc. is getting closer and closer to establishing this world all the time.
7 months, 1 week ago on An inside look at the first major acquisition of a premium YouTube channel
Nice post - but I have a question/topic I rarely see addressed in tech blogs - given the high failure rate (soon to get worse) what is the tech "salvage market" like?
Do internet startups follow wise coding practices (commenting, etc.) that make the subsequent reuse of their projects feasible?
Or does all that previously funded programming effort inevitably vanish (rather needlessly in my opinion).
After all, there are many non-technology reasons internet startups fail - from misbegotten marketing to simple poor timing.
This argues for a tech "salvage market" where the viable pieces of failed companies can be purchased for pennies (penny?) on the dollar.
What do players like Sherwood Partners have to say?
Do they really only end up selling email lists and Aeron chairs in practice?
Or does actual code find new homes?
7 months, 3 weeks ago on If you’re going to rebut the Series A crunch, it’s a good idea to know what it is first
$125k = "Incredibly affordable"
Ok - in the alternate reality that is SF (what, with your $5 tacos and all...)
In post apocalypse LV, $125k is known as "median price".
7 months, 3 weeks ago on A crowdfunded house for techies in Vegas. What could possibly go wrong?
And why, at bottom, has all the QE savings dilution occurred?
To purchase political power from the debtor class (whose debts are diluted through money printing), the political class (who are paid via money printing), and the "political client" class (whose welfare and entitlements are funded by money printing).
And all of this unsustainable political pandering is supported by a stagnant (at best) or actively disintegrating (more likely) real US economy.
This is the true nature of Weimar America.
7 months, 3 weeks ago on Why Libertarians and gold hoarders love Bitcoins
"They want to destroy the Fed"
Before it destroys them - and the economy they live in.
Let's boil everything down to basics - since 2008, Zimbabwe Ben and the Fed have more than tripled the base money supply (which ignores further multiplicative leveraging banks are empowered to do) and now after multiple rounds of "Quantitative Easing" (really nothing more than money printing under a market tested name) they continue to add in excess of $90 billion *per month* to the base money supply.
And the real US assets that the money supply ostensibly represents? - They have not even remotely tripled (or quadrupled).
These real assets (which are the only real wealth there actually is) have perhaps grown 12% since 2008 - close enough to zero (relative to the 300% to 400% hike in money supply) to be meaningless.
Net result - there is (lying in wait like a silently growing cancer) 3 to 4 times the US currency to purchase the same amount of real assets.
Anybody who believes this won't end in ruinous inflation eventually, believes that US government economic statistics are not carefully designed to omit unpleasant facts (see US CPI vs. international commodity prices or US "unemployment rates" vs. employed-to-population statistics).
The Fed has essentially destroyed 75% of US savers' wealth without having anything resembling legal authority.
As with the decade of delusion (roughly 1998 to 2008) the US economy is essentially a zombie economy - dead but not realizing it yet.
Thus the Alternative Currency Aeneid.
"If those fuckers"
I suggest you don't go on sales calls.
7 months, 3 weeks ago on The future of journalism: It’s time to pick a side
@paulcarr @PatrickSF @twandosaurus
I think you have been naive with regard to what the business side of a media company (start-ups and middle market at least) have to put up with in order to survive.
This is a near universal malady among "editorial" side types (infinitely worse in the Era of the Local Media Oligopolies, when the editorial side really were insufferable, morally posturing pricks who had no clue how their salaries actually got paid for...)
It is a jungle out there.
And it always has been.
Why do you think there are really only four major multi-channel TV distributors (DirectTV, DISH, TWC, and Comcast-US Gvt...heh) and only seven truly major cable content providers (Disney, Viacom, Sony, TW, Fox, Discover, and Comcast-US Gvt).
It isn't because nobody else wants to be a media power.
It is because these companies have all their partners scared sh*tless and run their competitive domains just this side of mafia dons.
And right about now you might be feeling the icy finger of fear any startup founder (should) feel - *before* starting up their business (when it is easiest to "pivot" if necessary).
7 months, 3 weeks ago on NSFWCORP gets banned by Vegas distributors. Maybe this is why print is dying
"minimum wage workers handing out cards advertising escort services"
Voila' - You have identified your natural distributors...
@hamishmckenzie @yodoggg @antnisP
Let me know when Pando hires adults who can admit error gracefully - I might come back.
Snark doesn't offset stupidity - it highlights it.
7 months, 3 weeks ago on Why are so many news sites still so unreadable? A few of the best and worst
Ditto - there is insightful digital media journalism out there.
This ain't it.
7 months, 3 weeks ago on Pageview journalism is killing us