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The biggest fortunes built on free

03 Oct
Chris Anderson via The Long Tail shared by 5 people

sergey-brin From the Forbes 400 list, the following are the billionaires who made their money on businesses whose products are primarily free to consumers:

(Note: I didn't include diversified media tycoons, such as Rupert Murdoch and Barry Diller, even though much of their business is free-to-air broadcast and web media. That's because it's too hard to separate the free bits from their pay-media businesses, or to say which is bigger.)

#13 Sergey Brin $15.9 billion, Google

#14 Larry Page $15.8 billion, Google

#54 Pierre Omidyar $6.3 billion, eBay

#59 Eric Schmidt, $5.9 billion, Google

#155 Oprah Winfrey, $2.7 billion, free-to-air TV

#161 Mark Cuban, $2.6 billion, Broadcast.com

#246 Omid Kordestani, $1.9 billion, Google

#246 Joseph Mansueto, $1.9 billion, Morningstar (freemium investing services)

#281 David Filo, $1.7 billion, Yahoo

#281 Jerry Yang, $1.7 billion, Yahoo

#281 Kavitark Ram Shriram, $1.7 billion, Google

#321 Todd Wagner, $1.5 billion, Broadcast.com

#321 Mark Zuckerberg, $1.5 billion, Facebook

#377 Peter Thiel, $1.3 billion, Facebook, Paypal

Add it up and that's more than $62 billion of net worth built on free. And that's just within the top 400 Americans.

 
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New Telescope to Create 150 Petabyte Database of the Universe [Space]

03 Oct

The Large Synoptic Survey Telescope (LSST) is "a proposed ground-based 6.7 meter effective diameter (8.4 meter primary mirror), 10 square-degree-field telescope that will provide digital imaging of faint astronomical objects across the entire sky, night after night." What's that mean? Well, it means, if it's built, we'll have a telescope attempting to catalog the entire night sky into an absolutely massive 150 petabyte database. Awesome!

The LSST isn't slated to open up shop until 2016, but when it does, it'll record a whopping 30TB of data a night by aiming itself into the sky and recording what it sees. It'll be used to "trace billions of remote galaxies and measure the distortions in their shapes produced by lumps of Dark Matter, providing multiple tests of the mysterious Dark Energy."

What's more impressive is the setup they'll need to get all that data recorded. Check it:

* the Mountain/Base facility, which does initial data reduction and alert generation on a 25 TFLOPS Linux cluster with 60PB of storage (in year 10 of the survey)
* a 2.5 Gbps network that transfers the data from Chile (where the telescope itself will be based) to the U.S. and within the US
* the Archive Center, which re-reduces the data and produces annual data releases on a 250 TFLOPS Linux cluster and 60PB of storage (in year 10 of the survey)
* the Data Access Centers which provide access to all of the data products as well as 45 TFLOPS and 12 Petabytes of end user available computing and storage.

Pretty amazing stuff. [The Register]


 
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Facebook Co-Founder Departs To Build “Extensible Enterprise Productivity Suite”

03 Oct
Mark Hendrickson via TechCrunch shared by 8 people

Rumors started to leak earlier today that Facebook co-founder Dustin Moskovitz (right) and colleague Justin Rosenstein were leaving to start their own company.

Facebook has since confirmed the rumor to us with a simple quote from Mark Zuckerberg: “Dustin has always had Facebook’s best interests at heart and will always be someone I turn to for advice.”

Fortunately, Rosenstein has posted more information about their reasons for departure in a Facebook note to friends, which we have reproduced with his permission below:

I was a nerdy little boy. (Not much has changed.) Starting at age ten, I would spend hours a day holed up in my room, alone or with friends, programming til I collapsed. When I grew up, I wanted to be a software entrepreneur. I knew this with as much conviction, and about as much knowledge of what the role actually entailed, as other kids might have wanted to be an astronaut or President. In high school, I even started “Smiley Technologies, Inc.” and bamboozled some friends one summer into working on a Java-based productivity suite for group collaboration… but by September we learned the hard lesson that it takes more than three months to take on Microsoft Office.

By college, I felt pretty confident I was never gonna work for anyone other than myself. That is, until I heard about Google’s associate product management program. I have an enormous amount of respect and admiration for Google, and the opportunity to be on the inside, working as a mini-entrepreneur, was just too sweet to pass up. So I promised myself I’d stay at Google for just a few years, and then head out on my own.

That is, until a few years later when I got a friend-request from Dustin Moskovitz, who had co-founded Facebook with his college roommates around the time I’d joined Google. I told him I wasn’t interested in another job, but we met up for lunch anyway, and I’m glad we did. The more I learned about Facebook, the more inspired I was by its mission and team, and eventually decided this too was just too important an opportunity to say No to.

I’m really happy I took the job. I’m thrilled with the time I’ve had at the company, and with the incredible peers I’ve gotten to know and work with. But something else exciting happened in the year and a half since I joined Facebook. I started spending a lot of time after work talking to Dustin. Efficiency-through-software was dear to his heart as well, and we would stay up til 3am raving about how shortcut keys and high-level abstractions would Change The World. We shared a passion for technology, for entrepreneurship, and for using them to solve the same set of problems.

As our visions for how productivity software could work came into alignment, we thought about building it inside of Facebook. It was an attractive option in many ways, and neither of us was eager to exit a company that was in such an exciting phase of its development. But at some point it became clear that doing so wouldn’t be good for Facebook or for us. Facebook needs to continue its mission of making the world more open through social software, without distraction, and the new project requires a company built around it from the ground up, with the goals of efficiency and group collaboration embedded deeply into its DNA from day 1.

So we’ve decided to leave Facebook (in about a month) and start a new company, to build an extensible enterprise productivity suite, along with a high-level open-source software development toolkit, built for the Web from the ground up.

We see this new venture as very complimentary to Facebook. We hope our products will become to your work life what Facebook.com is to your social life. Our software will use Facebook Connect as the default option for identity and authentication. Our user interface will adopt many of Facebook’s conventions, creating a seamless and familiar experience for current Facebook users. And if our new development tools turn out to be useful, we hope the Facebook engineering team will come to adopt them.

Leaving Facebook makes me sad, but I feel I have to follow my passion on this. I can’t say enough about Facebook and the friends I’ve made here, and I am enormously excited for the company’s further success, a destiny I’m confident it will reach regardless of my participation in it. Finally, I’m really grateful to Mark, Chris Cox, Sheryl, Yishan, Chamath, Elliot, and others, who’ve been helping us make this a smooth transition, and to my family for guidance and support. Thank you; it’s meant a lot to me.

Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily.

 
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Daily Kos: Sarah Palin Debate Flow Chart

03 Oct

Sarah Palin Debate Flow Chart.

via http://www.dailykos.com/storyonly/2008/10/3/43222/8057/718/618653

 
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$35 Per Ticket Movie Theater Comes With Valet Parking, Blankets And Slippers [Expensive]

03 Oct

That new luxury movie theater we told you about back in March will open Friday in affluent South Barrington, IL. At $35 a ticket, you're treated to valet parking, waiter service, individual reclining chairs, and should you require, blankets and slippers. And no, the food isn't included.

From the Daily Herald:

The theater's menu includes a full wine list, Dom Perignon champagne at $295 a bottle, and food items like duck tacos, Wagyu beef burgers and bleu cheese potato chips.

The South Barrington Gold Class Cinemas is the first in the country. Aside from South Barrington's, the company has theaters only overseas in Asia, Australia and Europe.

Targeting upscale clientele and businesses looking to hold private screenings, Gold Class officials said they hope to open 50 theaters across the country in the next five years.

Is $35 worth it?
( surveys)

Luxury theater opens Friday in South Barrington [Daily Herald]
(Photo: Getty)


 
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Yahoo tool helps Web programmers shrink images

03 Oct

Yahoo Smush It finds Web site images that can be put on a diet.

Yahoo Smush It finds Web site images that can be put on a diet.

(Credit: CNET News)

Yahoo, which has considerable expertise in maximizing Web site performance, has long offered advice on how to speed up sites up by minimizing photo size. Now it's released a tool to help Web programmers automate the process.

The Web-based tool, called Smush It, can perform multiple operations to shrink graphics file sizes without impairing visual appeal, Chris Heilmann of the Yahoo Developer Network said in a blog post after tool creators Nicole Sullivan and Stoyan Stefanov announced the tool at this week's Ajax Experience conference.

Among the things Smush It can do: convert GIF images to the PNG format; reduce the range of colors used in PNG files; strip out textual metadata from JPEG images.

Web developers can upload images to the site, send it a Web site address, or install a Firefox extension that submits a particular Web site with the click of a button. The tool presents users with a downloadable package of the smaller images that can be substituted.

Perhaps Yahoo should try its own medicine. I ran the tool on the Smush It announcement page and found that Yahoo could be trimmed away 23.6 percent of its graphics heft, saving 20KB of data. The Yahoo Developer Network page could be pared down 9.2 percent, saving 19.5KB.

 
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no description

03 Oct

"no description"
 
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Taking photographs vs. giving photographs

03 Oct
Seth Godin via Seth's Blog shared by 8 people

Pastry449470059_87fd57e9d3Things flip.

Many cultures long viewed photographs with fear, worrying that a piece of the soul disappeared when a photo was taken.

Today, celebrities hire publicists who have no other job but to get their photographs to appear in print.

Oprah doesn't pay authors to appear on her show, they pay publicists for the privilege... even though they are "giving away" all the ideas in their book for free.

It's a tricky line to walk. Perhaps this pastry shop on Rodeo Drive is concerned that competitors will take photos of all the pastries and then copy them. Of course, all the competitor has to do is buy a pastry, so I'm not sure that's a real problem. Some museums forbid all photography, even without a flash, for no other reason than fear. Clearly a famous painting is worth more than an unknown one--and just as clearly, the artist who painted the image probably wanted other people to see it.

2pastry449470059_87fd57e9d3 This is a hard flip for people to make. Largely it's about control. It's your pastry, after all. A long time ago, bakers gave up trying to stop people from taking free smells of their labor. I wonder if they benefit by letting people (begging people) to take free photos?

 
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Woman Buys House For $1.75 On EBay [Money Meltdown]

02 Oct

Joanne Smith from Chicago now owns an abandoned home in Saginaw, Michigan, and she only paid $1.75 for it on eBay. Well, there's also $850 in "back taxes and yard cleanup cost," reports MSNBC. Smith says she hasn't seen the house yet or visited the town, but we're thinking hello summer home! Or maybe it's a good place to put the parents when they retire.

The company that auctioned the home wasn't available for comment, so we'll be curious to see whether they try to squirm out of the deal. Like, oh, maybe saying a bunch of Canadianized killer bees moved in.

"$1.75 eBay bid gets abandoned Michigan home" [MSNBC.com] (Thanks to Scott!)
(Photo: MSNBC)


 
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wrongdistance.com

02 Oct

via http://wrongdistance.com/?p=2451

 
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