Apple I fetches $374.5K at Sotheby's auction, Steve Jobs Atari note goes for $27.5k Here's an update for all the collectors of vintage Apple Computer-wares out there. If you'll recall, it was a few weeks back when Sotheby's announced it would auction off an Apple 1 motherboard, cassette interface and its BASIC programming manual, originally set to fetch upwards of $180,000. Just this week, the hand-built piece of computing history from 1979 was sold to one lucky phone bidder for an even more massive $374,500. As Apple Insider notes, the computer is one of six that's accounted for out of 50 that are likely still out there -- ensuring these will only remain for folks with deep pockets indeed. Past that, a hand-written note from Steve Jobs during his time at Atari was also on the auction block, garnering $27,500 even though it was only estimated to sell for less than half that price. Knowing the cost of collecting a premiere piece (arguably) from the fruits of Woz and Jobs, it certainly makes that new MacBook Pro with Retina display seem like a grand bargain in comparison. Details at the links below. http://www.engadget.com/2012/06/17/sothebys-apple-i-steve-jobs-atari-note-auction-results/
Sunday, June 17, 2012
Will entrepreneurs save the world?
Raising capital online: The new thundering herd Raising capital online The new thundering herd Wanted: small sums of money to finance young companies. Click here to invest PEBBLE, a watch that displays messages from the wearer’s iPhone, may not be a record-holder for long. The $10.3m raised last month from 68,929 people after Pebble’s inventors posted a pitch on Kickstarter, a “crowdfunding” website, dwarfed the previous high of $3.3m set in March by Double Fine Adventure, a video game (see chart 1). Until February, no project had raised $1m. Now seven have. This “feels like an inflection point”, says Yancey Strickler, a founder of Kickstarter, a site where anyone with an idea can ask the crowd for small sums of money that, added up, can bring it to fruition. Crowdfunding is booming. A report by Massolution, a research firm, forecasts that $2.8 billion will be raised worldwide this year, up from $1.5 billion in 2011 and only $530m in 2009 (see chart 2). There are over 450 “crowdfunding platforms”, including four in China, up from under 100 in 2007, with Kickstarter America’s largest. This month Indiegogo, its closest rival (though global and with a broader mix of projects), secured the biggest chunk of venture capital so far for crowdfunding. The effect of this has perhaps been most marked in the creative arts: around 10% of the films shown at the Sundance and Cannes festivals this year were crowdfunded, says Mr Strickler. Charity is benefiting, too. But America’s recent Jumpstart Our Business Start-ups (JOBS) Act is raising hopes that crowdfunding will also transform the way in which firms raise capital. Duncan Niederauer, the boss of NYSE Euronext, claims that, properly done, it “will become the future of how most small businesses are going to be financed”. Is the hype justified? From fad to finance Talk of crowdfunding as a short-lived fad has largely ceased, as evidence mounts that lots of people value personal engagement with projects they help to finance. “People increasingly want humanity with their technology,” says Caterina Fake, an early investor in Kickstarter. Hitherto people have opened their wallets for three main reasons: “caring about the person or company; wanting the product; or being part of a community,” says Slava Rubin, a founder of Indiegogo. Adding profit as a motive will bring fresh challenges. Raising money from strangers requires a lot of effort to gain their trust. One indica … http://www.economist.com/node/21556973
Visa launch mobile service
Now that Visa mobile has been established....what are your thoughts?
Visa launching new "Digital Wallet" in Canada "fall 2011" | MobileSyrup.com
Five things to consider
Fathers: How to Raise Entrepreneurs Five things you can do to prepare your children for the life of an entrepreneur. If you're reading this article, chances are you're either an entrepreneur or someone who aspires to be one. At the very least, you're intrigued and impressed by the aspirations of entrepreneurship. And while we don't think that entrepreneurship necessarily has to have anything to do with starting and running a business--it's more about the pursuit of opportunity wherever it lies, regardless of what resources you control at the outset--you probably evaluate entrepreneurs in some way based on the success of the start-ups they've launched. Of course you would. And if you value the ideals of entrepreneurship, chances are you wouldn't mind your kids growing up to become entrepreneurs. In other words, if you can't grow up to become Bill Gates, it's not so bad to be his entrepreneurial father William H. Gates, Sr. We've had the chance to know, teach, and interview hundreds upon hundreds of successful entrepreneurs over the last decade. And at times we've had the chance to ask them what they think it was about their upbringing that enabled them in the end to pursue the entrepreneurial life. There were many replies, of course, but we identified a few commonalities. If you want to grow your kids into entrepreneurs, be sure that you... 1. Encourage them to have diverse career experiences. Change is the only constant. It's a lesson that many of the top entrepreneurs we talked with learned early in life. Their jobs never became their identities, because they had held many different jobs. From the Hollywood producer who had been … http://www.inc.com/jon-burgstone/how-raise-your-kids-to-be-entrepreneurs.html