Category: News

  • Two ways of thinking about social media: digital tattoos and virtual shadows

    Digital-livesAt concerts, lighters once swayed in the air during poignant moments, the audience belting out lyrics together in a moment of catharsis. Today, the group sing-alongs still happen, but the air shines with a different glow: the light of cell phones.

    Last week, while seeing a favorite band, I couldn’t help but notice the sea of undulating phones around me. With my view partially obstructed by shoulders, I found my eyes constantly settling onto the glowing screen of the guy in front of me, who was recording each and every song. The screen allowed me to see clearly, and yet it seemed a strange mediation of a moment that is all about the present. Yes, by recording the full show, you get to watch it later. But what did you really experience in the first place?

    Juan Enriquez: Your online life, permanent as a tattooJuan Enriquez: Your online life, permanent as a tattooMeanwhile, the group standing beside me at this concert had faces flushed from a little too much alcohol. They had their phones out too, the flashes going off periodically as they snapped shot after shot — arms excitedly slinging around each other. As soon as a photo was taken, they’d lean into the capturing phone and laugh as its owner typed out a message and posted it on Facebook. Was the liquor-soaked moment really one they wanted to share with everyone, co-workers included?

    Both today’s talk, “Juan Enriquez: Your online life, permanent as a tattoo,” and today’s new TED Book from Damon Brown, Our Virtual Shadow: Why We Are Obsessed with Documenting Our Lives Onlinetake reflective looks at the nuances of what it means to have an online record of life. In his talk, Enriquez classifies social media fragments as “digital tattoos,” while Brown characterizes this mediated life as our “virtual shadow.”

    Which concept meshes more with your view of our digital lives? Here, a deeper look at the two concepts.

    What are they?

    Digital tattoos:

    “Tattoos really do shout,” says Enriquez in his talk. “What if Facebook, Twitter, Google, LinkedIn, cell phones, GPS, FourSquare, Yelp, Travel Advisor — all these things you deal with every day — turn out to be electronic tattoos? And what if they provide as much information about who and what you are as any tattoo ever would?”

    Virtual shadow:

    As Brown writes in his book, “More than ever, we’re now focused on documenting and building the history of our lives, not on living the life unfolding right in front of us. It’s all about the check-in, the status update, the captured moment, rather than being fully present day to day. We’re each focused on what I call our virtual shadow: a collected narrative that, like a physical shadow, is symbolic of where our real selves have been, albeit a few steps behind.”

    Is this a brand-new problem? Nope:

    Digital tattoos:

    “The Greeks thought about what happens when Gods, humans and immortality mix for a long time,” Enriquez says in the talk. “Lesson #1: Sisyphus. He did a horrible thing and was condemned for all time to roll this rock up — and it would roll back down. It’s a little like your reputation. Once you get that electronic tattoo, you’re going to be rolling up and down for a long time.”

    Virtual shadow:

    “Socrates had as much trouble with then-new technologies as we do with modern tech. Words were meant to be spoken, Socrates believed, rather than written down,” Brown tells the TED Blog. In his book, he adds, “[It’s] the same conflict humans have had throughout time: how do we successfully capture a potentially significant moment? It is the prehistoric caveman making images on the wall, the elementary-school class creating a time capsule, every man in an army platoon getting the same tattoo right before a battle.”

    What’s the most disconcerting new technology out there?

    Digital tattoos:

    Says Enriquez, “Facial recognition is getting really good … Companies like Face.com now have about 18 billion faces online.”

    Virtual shadow:

    Writes Brown, “Google Glass can take pictures and video, check your email, text your friends, and surf the web — in short, it can record your whole life … Google claimed that they weren’t built for everyday use, but I doubt Apple planned on people texting while walking, either.”

    How do we escape the grip our online lives have over us?

    Digital tattoos:

    Enriquez tells us, “Be cautious when faced with the choice of doing something boneheaded on Twitter or Facebook. Give it 12 hours.”

    Virtual Shadow:

    Brown writes, “The best way to separate mundane short-term memories from important long-term memories is to simply be as present as possible … The more aware you are of your surroundings, the more your brain can create a cohesive, solid memory. A rich memory — for instance, making love for the first time — isn’t created by an isolated sensation, like a gentle touch or the smell of a cologne, but from the collecting and connecting of all those inputs into one unforgettable multisensory experience. The brain doesn’t need better tools; it just needs us to be as present as possible when things are actually happening.”

    How do photos and video play into this?

    Digital tattoos:

    “People don’t understand how quickly this has changed,” Enriquez tells the TED Blog. “There weren’t a lot of videos of September 11, because it was a pain in the rear to take video on 9/11. You needed a large camera and battery pack – you had to set up the camera. Now every one of us carries HD in our pockets … HD video is so simple, cheap and easy to use that it can affect a presidential campaign, like what happened with Romney.” He adds, “This 24-second news cycle, where a presidential candidate says something stupid on air and, ‘Gotcha!,’ is now beginning to apply to other people’s lives.”

    Virtual shadow:

    Brown writes in the book, “My favorite uncle shared some good news: He had pictures — hundreds of pictures — from our wedding day. He’d gotten some gorgeous shots, he said, and he couldn’t wait to send them to us. He also told me that he couldn’t wait to get the official video, since he’d been distracted and missed a lot. He was excited to watch a recap of what had happened while he was busy trying to capture the beautiful moments as they were actually happening.”

    Is there potential for good with social media?

    Digital tattoos:

    “The really neat thing is that this is exactly the kind of stuff that allows a group like TED to be so successful and spread ideas,” Enriquez tells us. “And that allows Twitter to spread ideas in a very powerful way — to take on governments, take on bad officials, expose corruption, start movements, do Kickstarter. I’m not arguing [social media] shouldn’t exist. I’m saying that precisely because this stuff is so powerful, we should be careful.”

    Virtual shadow:

    “There is definitely much good that comes from social media. I’m a huge Twitter fan …. I think we just need to ask the same question we do with other activities: Is this affecting my quality of life?” he says to the TED Blog. “Saying technology is making us less attentive is a copout. Technology has always been an issue for us, whether it was a child in the ’50s watching too much TV or a caveman playing with a new discovery called fire. Like our ancestors, what we really need to do is find a smart way to integrate our newfound technology into our lives.”

    So where do you stand, do you feel like the bits and pieces of you online are your digital tattoos, or that they comprise your virtual shadow? Or perhaps a little bit of both?

    Watch Juan Enriquez’s TED Talk on digital tattoos »

    Read Damon Brown’s TED Book about virtual shadows »

  • That Chromebook Pixel with LTE might work with other mobile networks after all

    When deciding on which Chromebook Pixel model to buy, I opted for the higher priced version with integrated LTE. I got double the flash storage over the Wi-Fi only model as well, but I would have paid the $150 premium just for the LTE feature. Generally, I have an abundant supply of Wi-Fi so the LTE radio — and free 100 MB of monthly data — is mainly for backup connectivity and for travel.

    Pixel LTE VerizonBut there’s a big downside to the Pixel with regards to the LTE radio. Unlike most LTE devices, the Pixel can’t fall back to a slower network when an LTE signal can’t be found.

    Basically, if you’re not in an LTE coverage area — on Verizon’s network, specifically — you’d better find a hotspot, use your phone’s internet connection or be prepared to work offline. Even though the last option is improving with improved support for Packaged Apps that work offline, it’s a shame the Pixel is so dependent on one carrier’s singular network option. Or is it?

    Fellow Chromebook Pixel owner John Freml, from the Pocketables enthusiast site, noted a Google+ post from Ian Ray with interesting information. It turns out the mobile broadband radio used in the Pixel isn’t using its full capabilities; likely by design for now. Freml notes that the wireless card is a Novetel Expdite E362, which works with other broadband networks in some cases:

    Powered by Qualcomm® MDM9600 chipset, the Expedite E362 offers high performance to the user on LTE 700 MHz with global fallback to CDMA and HSPA+/UMTS … the small Expedite E362 module leverages the LTE, CDMA, and HSPA+/UMTS networks. Switching between networks enables your customers to work, play, and stay connected anytime, anywhere worldwide.

    The Qualcomm baseband chip Freml points out is similar to one used in the iPad with LTE, and that certainly supports fall-back to other 3G networks, so there’s hope.

    Of course, without seeing the internals of a Pixel, it’s difficult to confirm. And the right antenna and amplifier support would be needed. But if all of the puzzle pieces are there, it’s possible that a software update could enable fall-back features or even add support for your choice of carrier on a Chromebook Pixel with LTE.

    Related research and analysis from GigaOM Pro:
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  • George Bluth Talks Arrested Development On Reddit [No Touching!]

    Jeffrey Tambor, who plays twin brothers George and Oscar Bluth on Arrested Development participated in a reddit AMA (Ask Me Anything) today, discussing the show, among other things.

    Arrested Development, of course, is due to return as a Netflix-exclusive series later this month, and fans are champing at the bit to see what the long-anticipated fourth season has in store.

    Tambor, of course, fielded many questions about the show. Following are some highlights. If you’re not familiar with the show, you might as well stop reading now, because much of the discussion requires you to be.

    When asked about his favorite running theme/joke from the show, he responded, “There’s always money in the banana stand.”

    One user asked how the famous chicken dance performed by numerous cast members on the show came about, to which he responded, “I never knew about it until I was asked to do it. And when I’m asked to do it, I do it very badly. I’m the worst chicken dancer of the cast.”

    When asked whether he likes playing George or Oscar more, he said, “One side of my brain likes Oscar. One side of my brain likes George.”

    When asked if Judy Greer (Kitty) ever flashed him in real life, he responded, “No. And that’s a problem.”

    Tambor said it only took about five minutes for the cast to slip back into the AD roles once they started shooting again. “We’re all so used to each other. Our first scenes, we just slipped into it naturally,” he said. “They’re all very fine actors.”

    In response to another question, he noted that very little of the dialogue on the show is ad-libbed, and that the writing is just that good.

    Of course, he was asked about the long-rumored Arrested Development movie, to which he responded, “I think the new season will promote a great amount of popularity, which will help a movie come into existence.”

    On his favorite AD guest star, Tambor said, “They were all great, but Henry Winkler is a close friend of mine, and I was so glad to have him aboard.”

    On getting the news that the show would be canceled: “I was sad. I wasn’t surprised, I think we all saw it coming.”

    On the most exciting thing about the upcoming season: “It’s new format. The fact that we’re doing 15 all at once, and each character gets to tell his story. We’re the little engine that could, and we came back.”

    On his favorite episode: “Gosh, I would have to say that the entire fourth season. I’m just so happy to be back.”

    Hopefully us fans will agree.

    Tambor was joined by the co-creators of Onion News Empire, so if you’re interested in that too, check out the thread.

    Now watch this recent interview with Lucille Bluth.

  • Spies Vs. Mercs Multiplayer Mode Revealed For Splinter Cell: Blacklist

    Ever since Splinter Cell: Chaos Theory, the stealth franchise has been known for stellar multiplayer. There have been a few missteps in subsequent entries, but the latest entry in the franchise looks to bring some fresh ideas to multiplayer.

    In a new trailer released by IGN today, Ubisoft revealed Spies vs. Mercs to be the new multiplayer mode in Splinter Cell: Blacklist. As the name implies, the new mode will have players taking on the role of spies trying to steal data while those playing as the mercenaries attempt to take them down. It looks similar to Sneaking Mission, a mode of play in Metal Gear Online, that pit one player as Snake against 12 soldiers.

    It will be interesting to see how this multiplayer mode works in the Wii U version of Blacklist. Ubisoft has already revealed that it will have unique Gamepad integration, and a gameplay mode like this could make for rather interesting gameplay when combined with the Gamepad.

    Splinter Cell: Blacklist launches August 20 for PS3, Xbox 360, Wii U and PC.

  • Google denies battery-draining location bug in Google Now for iOS

    Google Now iOS Location Bug
    Google Now was probably the best thing to happen to mobile devices in 2012. Google’s brilliant virtual assistant uses location, search history and other data to automatically present users with information like the weather, driving directions to meetings and travel times, sports scores and more without any interaction required on the user’s part. After a long wait, iOS device users finally gained access to Google Now earlier this week when Google updated its iOS search app with Google Now functionality, but its arrival was marred by two problems: first, platform limitations on iOS and Google’s decision to forego push notifications make Now far less useful on Apple devices than it is on Android. Beyond that, an apparent bug in Google’s app is seemingly causing location services to stay on and drain users’ batteries.

    Continue reading…

  • Overdependence on one computer system grounds American Airlines

    This is not a big story, but I find it interesting. Last week American Airlines had its reservations computer system, called SABRE, go offline for most of a day leading to the cancellation of more than 700 flights. Details are still sketchy (here’s American’s video apology) but this is beginning to look like a classic example of a system that became too integrated and a company that was too dependent on a single technology.

    To be clear, according to American the SABRE system did not itself fail, what failed was the airline’s access to its own system — a networking problem. And for further clarification, American no longer owns SABRE, which was spun off several years ago as Sabre Holdings, but the airline is still the system’s largest customer. It’s interesting that Sabre Holdings has yet to say anything about this incident.

    American built the first computerized airline reservation system back in the 1950s. It was so far ahead of its time that the airline not only had to write the software, it built the hardware, too. Over the years competing systems were developed at other airlines but some of those, TWA and United included, were splintered versions of SABRE. American has modernized and extended the same code base for over 50 years, which is long even by mainframe standards.

    Today SABRE is probably the most intricate and complex system of its type on earth and Sabre Holdings sells SABRE technology to other industries like railroads and trucking companies. In many ways it is hard to dissociate the airline and the computer system, and that seems to be the problem last week.

    The American SABRE system includes both a passenger reservation system and a flight operations system.  Last week the passenger reservation system became inaccessible because of a networking issue.  In addition to reservations, passenger check-in, and baggage tracking, the system also passes weight and location information over to the flight operations system which calculates flap settings and V speeds (target takeoff speeds based on aircraft weight and local weather) for each departure runway and flight combination. The lack of either system will cause flight delays or cancellations, not just because the calculations have to be done by hand, but because the company had become totally dependent on SABRE for running its business.

    Without SABRE American literally didn’t know where its airplanes were.

    Here’s an example. SABRE has backup computer systems, but all systems are dependent on a microswitch on the nose gear of every American airliner to tell when the plane has left the ground. That microswitch is the dreaded single point of failure. And while it may not be that switch that failed in this instance, it is still a second order failure because if you can’t communicate with the microswitch it may as well be busted.

    That’s what happens with such inbred systems that no one person fully understands. But it’s easy to get complacent and American was used to having its systems up and running 24/7. The last significant computer outage at American, in fact, happened back in the 1980s.

    That one was caused by a squirrel.

    Reprinted with permission

    Photo Credit:  anderm/Shutterstock

  • Teen Charged with Making Facebook Threats to Upstage the Boston Marathon Bombings

    A Methuen, Massachusetts high school student has been arrested and charged with making terroristic threats after police were notified of posts made on his Facebook page.

    18-year-old Cameron B. Dambrosio is being held on $1 million bond after making the unspecific threats referencing the Boston Marathon bombings on Facebook. According to Chief of Police Joseph Solomon, Dambrosio’s house has already been searched, and multiple devices have been recovered for analysis (computer, Xbox).

    Here’s what went down, according to a Meuthuen Police Department release:

    Tuesday, May 1, 2013, at approximately 12:20, Methuen High School students reported to administration that they had received a Facebook phone message sent by a Methuen High School student with disturbing verbiage. The student made terrorist threats. These threats were in general and not directed towards another person or the school. The administration acted quickly, contacted school service officer Jim Mellor, who then contacted the police department. The student was not in school but has since been located and placed under arrest.

    So, what did the kid say? According to Solomon,

    “F*ck the Boston bombing, wait til you see what I do. I’m going to be famous.” Apparently, he also went on to say that he would “beat every murder charge brought against him.

    “He’s telling people to shut up and in order to get some props he’ll have to go kill somebody. He says he’ll go insane and make the news,” Solomon said. “And he said people shouldn’t cry when they see what he does because they have it coming.”

    Dambrosio has been charged with Terroristic Threats, which can be punishable by up to 20 years in prison.

    The Daily Dot found Dambrosio’s YouTube channel, which shows him to be an aspiring rapper – or whatever you call this:

    [Methuen PD via Eagle Tribune]

  • Highlights from various BTOP/NTIA Updates

    Just wanted to share some highlights from NTIA. The following webinars with shared with BTOP (ARRA-funding) recipients..

    MAY 14, 2013
    Broadband Adoption Toolkit Webinar
    2:00-3:30 p.m. EDT
    Click Here to Register
    Conference No.: 1- 888-790-1746
    Passcode: 9944288

    MAY 16, 2013
    Economic Development Webinar: Planning, Benefits and Impact
    2:00-3:00 p.m. EDT
    Click Here to Register
    Conference No.: 1- 800-857-5054
    Passcode: 4604398

    MAY 22, 2013
    Broadband Adoption Toolkit Webinar with Toolkit Creators
    1:00-2:00 p.m. EDT

    And they recently announced the Toolkits created based on many of the BTOP projects…

    Today we are pleased to announce the release of the “NTIA Broadband Adoption Toolkit” based on the field-tested practices of recipients from the Sustainable Broadband Adoption and Public Computer Center grant categories.  The Toolkit is a guide to planning and carrying out effective adoption programs with a wide variety of audiences, including youth, low-income, and seniors.  It includes chapters on planning a new program, designing outreach and communications activities, setting up training classes, and choosing engaging curriculum. It also has links to detailed examples, tools, and videos that can save time and resources for program developers.

    Publication was announced by Assistant Secretary for Communications and Information and NTIA Administrator Lawrence E. Strickling in a speech at the Schools, Health and Libraries Broadband Coalition’s conference here in Washington.  He said, “We developed the toolkit in order to share the expert knowledge and experience of the broadband adoption and computer training projects with a broader base of anchor institutions, government agencies, non-profits and others engaged in this effort.”

    BTOP (http://www2.ntia.doc.gov/awards) provided funding for 44 Sustainable Broadband Adoption projects and 66 Public Computer Center projects. Through these investments, more than 500,000 household broadband subscribers have been added, more than 41,000 new workstations have been installed, and 12.3 million hours of training have been provided to 4.2 million participants.

    You can download a copy of the Toolkit from our web site at:

    http://www2.ntia.doc.gov/BTOP-Reports

  • Is Bitcoin for real? Find out at GigaOM’s Silicon Valley meetup

    Everyone from banks to bad guys are buzzing about Bitcoin — the cryptography-based currency that is beyond the control of governments. At GigaOM, we’ve covered Bitcoin as part of our mission to explain new ways that technology is connecting us. Now, we’re hosting a get-together in Silicon Valley where people who know their money and their tech will share their perspective on this new form of payment.

    GigaOM meet up BitCoin

    The event is taking place on Thursday, May 16 from 6pm to 9pm at the San Jose Tech Museum — and it’s free thanks to our friends at Ribbit Capital. This will be a great way to get the inside scoop on who is using Bitcoin — from pizza merchants to investors — and what will happen next with the controversial currency.

    Joining us will be David Barrett of Expensify, which now offers Bitcoin as a way for companies to repay employee expenses. We’ll also have engineers Mike Hearn of Google and Ben Davenport of Facebook, and Wences Casare who founded the digital wallet service Lemon.

    Together, we’ll explore whether Bitcoin can be a viable payment option amid wild valuation swings and ongoing hacking incidents. We’ll also look at how U.S. government agencies like the IRS and FinCEN are taking a growing interest in Bitcoin — and how much they can affect the use of the currency.

    At a broader level, the event will also be a way to examine how Bitcoin is part of trans-national technology networks that connect people without government intermediaries.

    Here’s the link again to sign up. See you on May 16.

    Related research and analysis from GigaOM Pro:
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  • Lumu Is A Digital Light Meter For Photographers That Plugs Into Your iPhone & Tells You What Camera Settings To Use

    lumu-iphone

    Meet Lumu: a digital light meter for photographers that plugs into the iPhone’s headphone jack as a smaller and smarter replacement for traditional analogue light meters. It’s used in conjunction with Lumu’s app — being demoed in prototype here at hardware alley at Disrupt NY – to help photographers figure out the best camera settings for their current location.

    Lumu is not going to help you take better photos on your iPhone — it’s a tool for standalone cameras that have ISO, aperture and shutter speed parameters that can be manually set. The startup, which hails from Slovenia in Europe, plans to kick off a Kickstarter funding campaign in about a month. The Lumu device will cost $99.

    “It’s the world’s smartest light meter,” says co-founder Benjamin Polovic. “The existing light meters are large, bulky and very expensive. With Lumu, the main processing is done on the iPhone, so we use the iPhone’s power. It also doesn’t use any batteries, it’s powered from the iPhone.

    “You take your iPhone or your iPod and plug it in and it’s going to recognise it, and it sets all of the parameters for your unique environment. So you put in your ISO that you use in your film or your digital camera, the aperture you want to use and then it calculates the time.”

    The photographer then needs to manually input the suggested settings into their camera but Polovic says the group is thinking about making a Bluetooth dongle so settings can be wirelessly sent to a digital camera. “We’re excited to get some ideas from Kickstarter when the campaign launches,” he added.

    As well as showing the light level and exposure value for the current lighting conditions, the app lets users store pre-sets for individual geotagged locations so they can easily revisit them later. It will also include an auto mode, and a filter-style feature that will tell users how to achieve effects such as bokeh (background blur). 

    Polovic said Lumu’s hope is to inspire more people to start digging down into their camera settings. ”We love photography, we want to make it better, we want to introduce it to people who don’t necessarily know how to use cameras because they are quite complex. We want to make it simple,” he says.

    The startup has been developing Lumu for about four to five months, according to Polovic. Down the line, it plans to launch an SDK so developers can create other apps using the light sensor — giving the example of an app that wakes the iPhone’s owner when it starts getting light, for instance.

  • Kirchner and Crestline Launch New PE Group

    Kirchner Group, which provides asset management services to institutional investors, and operational and transactional support to companies, has partnered with Crestline Investors Inc. on a new initiative focused on acquiring, managing and investing in under-performing private equity assets, portfolios and funds. Crestline-Kirchner Private Equity Group will be led by W.B. (Bud) Kirchner, founder of Kirchner, which has offices in Montréal and Gadsden, Alabama.

    PRESS RELEASE:

    Kirchner Group, today announced that it has partnered with Crestline Investors, Inc. (“Crestline”), an institutional alternative investment manager, to launch a new business unit on the Crestline platform. The Kirchner team will be the cornerstone of this initiative, called Crestline-Kirchner Private Equity Group, focused on acquiring, managing and investing in underperforming private equity assets, portfolios and funds. Crestline’s new business line will be led by W.B. (Bud) Kirchner, founder of the Kirchner Group and architect of its “Successor GP” Program.

    This business complements Crestline’s industry leading position in hedge fund secondary investing and allows the firm to provide a full-service solution to institutions with underperforming private equity and hedge fund portfolios. It also adds significant opportunities for Crestline to deploy capital on behalf of its investors.

    “We are pleased to welcome Bud and his team to Crestline and to add a powerful new business to our institutional platform,” said Douglas K. Bratton, President and Chief Investment Officer of Crestline. “The team brings to Crestline a 28-year track record of restructuring companies and has been successfully deploying its model across a series of portfolios ranging from early stage venture to mid-market buyout since 2004.”

    There is an estimated $100 billion in private equity assets managed by funds past their investment periods, according to industry estimates. Many of these so-called “zombie funds” have serious issues of alignment between the general partner and limited partners. As a result, an increasing number of institutional investors are looking for creative and effective ways to restructure these funds and rationalize their private equity portfolios.

    “This partnership provides tremendous validation of a model that we pioneered years ago at Kirchner Group,” said Bud Kirchner. “Limited partners are realizing that there are alternative solutions to underperforming funds, and now is the right time for us to scale up to meet rapidly increasing market demand. I am excited to join with Crestline to continue building on the business lines that we have developed, giving us the institutional infrastructure and access to capital to best serve investors.”

    The new business unit will focus on the following:

    Successor General Partner: Acting as a fiduciary to replace or complement the general partner in order to help better align interests, find liquidity and maximize value for limited partners.
    Advisory Services for Limited Partners: Managing or monitoring an existing troubled portfolio of private equity funds on behalf of limited partners.
    Successor Fund Creation: Consolidating direct private equity investments into a fund structure to help manage, monitor and exit positions on behalf of a direct private equity investor or group of investors.
    Investment Opportunities: Sourcing and structuring investment opportunities derived from the aforementioned activities, including:
    Secured lending and/or investments in private equity portfolios to provide follow-on capital at the portfolio level
    Secondary purchases of some or all of a fund’s limited partnership interests
    Providing follow-on capital at the underlying company level
    The business will be headquartered in Fort Worth, with additional offices in New York City and Toronto.

    About Kirchner Group
    The Kirchner Group provides asset management services for institutional investors as well as operational and transactional support for companies. Kirchner Group’s proprietary platform is built on the premise that pairing deep domain expertise with process experts provides superior results. Kirchner Group manages assets on behalf of some of the world’s largest insurance companies, commercial banks and institutional investors. In addition, our transaction and operational clients range from some of the most promising entrepreneurs, to Fortune 500 companies and their investors.

    Bud Kirchner is the designer and architect of several proprietary business method models including “PortfolioWorks” and “Crystallizing Value in Intellectual Property,” with over 40 years of successful entrepreneurial, operational, transactional and international experience in numerous private equity and debt investment scenarios. He has been a principal or agent in over 300 financings, mergers, acquisitions, divestitures, workouts and turnarounds.
    www.kirchnergroup.com

    About Crestline Investors, Inc.
    Crestline Investors, Inc. is an institutional alternative investment management firm based in Fort Worth, Texas. Founded in 1997, Crestline manages $7.2 billion in client assets across separately managed accounts and commingled funds. Strategies offered include: (1) low volatility and customized hedge fund of funds, (2) opportunistic and customized investment programs including a family of opportunistic strategies, hedge fund secondary investments and private credit funds and (3) tailored beta and hedging strategies. Crestline has 84 employees with 42 investment professionals.
    www.crestlineinvestors.com

    For more information, please contact:
    David Philipp
    [email protected]
    (415) 990-9177

    Photo courtesy of Shutterstock.

    The post Kirchner and Crestline Launch New PE Group appeared first on peHUB.

  • MapR Updates Big Data Platform For NoSQL and Hadoop

    MapR Technologies has announced an update of its Big Data platform that provides performance improvements for NoSQL and Hadoop applications. With the MapR M7 Edition, MapR says it has removed the trade-offs organizations face when looking to deploy a NoSQL solution.

    M7 delivers over one million operations per second with a 10-node cluster, and can support up to one trillion tables across thousands of nodes, according to MapR. It will perform automatic region splits and self-tuning with no downtime required for any operation, including schema changes. The MapR M7 edition is available immediately.

    “The number of enterprise-level deployments of Hadoop MapReduce is rising quickly, driven by a need to understand and potentially adopt this new business analytics platform for business applications,” said John Webster, principal analyst, Evaluator Group. “Responding to this demand, MapR delivers a distribution of Apache Hadoop that addresses many of the enterprise quality issues currently limiting its adoption in production data centers. With M7, HBase applications can access data directly without the redundancy of extra layers of communication yielding a single, scalable and more reliable data store that offers high performance and is easier to develop to and administer.”

    MapR LucidWorks Search

    MapR also announced the distribution of LucidWorks Search with the MapR platform for Apache Hadoop. This single platform features predictive analytics, full search and discovery and the ability to do advanced database operations.

    “Using search and Big Data isn’t just about analyzing social media content and Web traffic,” said Ted Dunning, chief application architect, MapR Technologies.  “There is a wide array of new applications for combining fast Hadoop with real-time, ad hoc data accessibility to mine raw data and find useful patterns of behavior. With the MapR/LucidWorks solution, users gain a compelling alternative that is less time consuming and more unified without the need to convert, transfer or move data as required with other approaches.”

    This product integration and bundling lets customers benefit from the added value that LucidWorks Search delivers in the areas of security, connectivity and user management for Apache Lucene/Solrthat users would otherwise have to develop from scratch using Solr alone. “LucidWorks and MapR share a common vision for enterprise-grade enhancements users need on top of open source software for rapid development, deployment, ease of use and production quality,” said Grant Ingersoll, LucidWorks CTO.

  • ‘Dorky’ Google Glass compared to the Segway, pocket protectors

    Google Glass Criticism
    Is Google Glass the next major revolutionary portable communications device or is it just a novelty item that will be used by socially awkward dorks? That’s the question that Wired’s Marcus Wohlsen tried to answer while coming down definitively on the side of “Glass is for dorks.” In his argument, Wohlsen knocks the “inherent antisocialness of Google Glass” and says that Glass “is what happens when Silicon Valley spends too much time talking to itself.” He then goes on to compare Glass unfavorably with pocket protectors, the Segway and Bluetooth headsets, all of which sound like reasonable ideas but have been scorned by all but society’s misfits. While it’s unclear that Glass really deserves to be compared to the very dorky Segway just yet, Wohlsen does have a point that perceptions of Glass will rapidly sour if Glass users are generally oblivious to their surroundings, and if they don’t pay attention when talking to others because they’re too busy looking at weather reports being projected onto their eyeballs.

  • Kanye West: Twitter Post Mysterious, Popular

    Kanye West sure knows how to stand out in a sea of tweets.

    The hip-hop mogul recently deleted every post on his page save for one, which has gotten almost 27,000 re-tweets: “June Eighteen”. No one knows for sure what will happen on that date, but there’s been a lot of speculation. Is it the day his new album drops? The day his kid drops? Either one would be equally exciting for his fans, and for fans of Kim K.

  • Amanda Bynes Topless Pics Tweeted

    Amanda Bynes has been having a tough year. Following her arrests last year in L.A., the actress’ representatives dropped her, claiming that she is now “uncontrollable.”

    Since that time, Bynes has moved to New York and has been acting as her own publicist, with mixed success. While tabloids are printing stories of Bynes acting strangely in public, the actress herself has been posting her weird experiments with makeup and hair to her Twitter account.

    Now, the Nickelodeon star is gaining attention by posting topless pics to her Twitter account.

    Though Bynes had tweeted pics earlier this week that showed off her cleavage in a lacy bra, her new pics ditch the bra in favor of ripped nylons and strategically placed hair and arms:

    Amanda Bynes Topless

    Amanda Bynes Topless 2

    Bynes has also been using her Twitter account to rail against tabloids that have been publishing pictures of her in public and accounts of her recent strange behavior:

  • Travel To Coldharbour In Latest Elder Scrolls Online Trailer

    With Skyrim officially wrapped up, players might find themselves yearning for more adventures in Tamriel sooner rather than later. The Elder Scrolls Online might just scratch that particular itch when it launches later this year.

    in the latest trailer for the MMO, the game’s producers reveal that the Daedric Lord Molag Bal is the key antagonist throughout the game’s main storyline. In fact, he steals the player’s character’s soul at the beginning, and players must fight to get it back. The quest will see players traveling to Coldharbour – the oblivion plane belonging to Molag Bal.

    All of this certainly looks nice, but the real challenge will be convincing fans of Bethesda’s sprawling first-person RPGs to give The Elder Scrolls Online a shot. MMOs, especially those that are subscription based, are not exactly in vogue anymore. Still, Besthesda and Zenimax Online could knock it out of the park by creating an MMO that can last more than a few months before going free-to-play.

    We’ll probably get a firm release date at E3, but The Elder Scrolls Online is still set for launch later this year.

  • Dad Recreates Old Baby Photo With Grown-Up Son And A Bottle Of Beer

    One of the biggest hits on reddit today is titled “‘Before and after’ pic done right”.

    It seems to be inspiring the community. The top comment from user euphwes says, “This is actually pretty clever. My daughter is on the bottle now, I’ll arrange another ‘on the bottle’ picture to happen 20 years from now too.”

    At least the plan involves letting the kid grow up first.

  • Salesforce, Notion, Octopus, MMC Unveil $6.5M Challenge To European Startups

    Salesforce.com and the European venture firms Notion Capital, Octopus Investments and MMC Ventures unveiled an Innovation Challenge for European start-ups building enterprise cloud apps on the Salesforce platform. The winning startups will have the opportunity to pitch for about $6.5 million of venture funding.

    PRESS RELEASE

    Salesforce.com Announces Euro 5 Million Innovation Challenge for European Start-ups Building on the Salesforce Platform

    Winning start-ups will receive opportunity to pitch for a total of euro 5 million in funding from venture capital firms including Notion Capital, Octopus Investments and MMC Ventures

    Eligible start-ups to present at Innovation Challenge pitch events to be held across Europe from September to November 2013

    Demand for enterprise cloud apps in Europe expected to attract 159% more cloud developers by 2018 and generate 2.7 billion pounds Sterling in revenue, an increase of 206% over the next five years

    LONDON, May 2, 2013 /PRNewswire/ – Salesforce.com [NYSE: CRM], the enterprise cloud computing company (http://www.salesforce.com/cloudcomputing/), and leading European venture capital firms including Notion Capital, Octopus Investments and MMC Ventures, today announced the €5 million Innovation Challenge—a new competition for European start-ups building enterprise cloud apps on the Salesforce Platform.

    Innovation Challenge Launches Today

    The €5 million Innovation Challenge is designed to inspire the next generation of start-ups in Europe to develop and deliver innovative new enterprise apps on the Salesforce Platform. Eligible start-ups will be invited to present their ideas to professional investors at a series of Innovation Challenge pitch events throughout Europe hosted by salesforce.com from September to November 2013.

    The winning start-ups will have the opportunity to negotiate with the participating venture capital firms for seed funding to jump-start a new business or for a Series A investment to accelerate growth of an existing business. Winners will also be able to build, package and sell their apps on the Salesforce AppExchange, the world’s leading business apps marketplace.

    Comments on the News

    “London is brimming with tech talent which is breeding a wave of innovative start-ups with the potential to grow fast. Salesforce.com’s Innovation Challenge presents a fantastic opportunity for London’s silicon entrepreneurs to take their business to the next level of success,” The Mayor of London, Boris Johnson, said.

    “The explosion of growth in Europe’s enterprise app market is fueling innovation across the region. Salesforce.com is excited to join forces with leading European venture capital firms to launch the Innovation Challenge and reward Europe’s top entrepreneurs and enable them to accelerate their innovation and time to market,” salesforce.com EMEA Chairman, Dr. Steve Garnett, said.

    “The European enterprise app market has reached a tipping point and we see the Salesforce Platform as a key enabler for start-ups with a great idea to build a revenue-generating business in record time,” said Chris Tottman, Partner, Notion Capital. “We are excited to see the potential investment opportunities within the vibrant European start-up community.”

    “This is a unique opportunity for innovative start-ups in the enterprise app market here in Europe to receive commercial support to allow them to compete on a global stage,” said Luke Hakes, Principal, Octopus Investments. “The Salesforce Platform provides an unrivalled launch pad for innovative companies looking to tackle the enterprise market.”

    “MMC is pleased to be supporting the Innovation Challenge. The Salesforce AppExchange is an increasingly important channel to market for enterprise app companies. As an investor, having direct access to the best of these new software companies is a very exciting opportunity,” MMC Ventures Investment Director, Jon Coker, said.

    The Enterprise App Revolution in Europe

    The demand for enterprise apps presents a lucrative opportunity for developers and entrepreneurs.  According to a new study conducted by the Centre of Economic Business Research (Cebr), the demand for enterprise cloud apps is expected to attract 159% more cloud developers in Europe over the next five years, with the enterprise cloud app economy projected to generate £2.6 billion in revenue, an increase of 206% by 2018.

    Additional Information on the Innovation Challenge

    Entrants’ business plans will be reviewed by a panel consisting of representatives from the venture capital firms and salesforce.com, along seven main criteria:
    •    An existing product developed to beta or later stage
    •    Demonstration of traction, customer success and user adoption
    •    Market opportunity & go-to-market strategy
    •    Track record and passion of the entrepreneurial team
    •    Planned or existing adoption and innovative utilisation of the Salesforce Platform
    •    Competitors
    •    Financial plan

    For more information, contest rules and to apply, please visit: www.salesforce.com/uk/challenge.
    Salesforce Platform: The Cloud Platform of Choice for Customer Companies

    The Salesforce Platform is the world’s most trusted cloud platform for building enterprise apps. It powers Salesforce CRM, 1,800 partner apps on the AppExchange, and more than three million custom apps built by customers. More than one million developers and business analysts use the Salesforce Platform to quickly build and deliver apps on any device.
    Companies are turning to the Salesforce Platform to build and deliver cloud apps that are location-aware, accessible on any mobile device and connected to social graphs. Offering the same services, frameworks and ecosystem that are driving the explosion of consumer apps, the Salesforce Platform is bringing the app revolution to business and helping customer companies connect to customers, employees, partners and products in new ways.

    Additional information:
    •    Learn more about Salesforce Platform: www.salesforce.com/platform/overview
    •    Like Developer Force on Facebook: www.facebook.com/forcedotcom
    •    Follow @forcedotcom and @salesforce on Twitter

    About Salesforce.com
    Founded in 1999, salesforce.com is the enterprise cloud computing leader. Salesforce.com’s social and mobile cloud technologies enable companies to transform into customer companies by connecting with their customers, employees, partners and products in entirely new ways. Based on salesforce.com’s real-time, multitenant architecture, the company’s apps and platform revolutionize the way companies sell, service, market and innovate.
    •    Grow your business with the #1 sales app, Salesforce Sales Cloud
    •    Deliver amazing customer service with the #1 service app, Salesforce Service Cloud
    •    Listen, publish and advertise with the #1 social marketing app, Salesforce Marketing Cloud
    •    Build and deliver social and mobile apps with the Salesforce Platform, and extend success with the world’s leading enterprise app marketplace, the AppExchange

    About Notion Capital
    Notion is a venture capital firm focused on high potential businesses in the Cloud Computing and Software-as-as-Service (SaaS) markets. The Notion team has unique expertise and experience in the Cloud Computing market having founded, built and exited Star and MessageLabs, two highly successful businesses in the space. Companies within Notion’s portfolio include Brightpearl, eSellerPro, NewVoiceMedia, Shutl, The Currency Cloud and Tradeshift. For more information go to www.notioncapital.com.

    About Octopus Investments
    Founded in 2000, Octopus is one of the UK’s fastest growing investment management companies. We currently manage £3 billion assets on behalf of 50,000 customers.

    The Ventures team at Octopus are straight talking human investors that back talented people rather than specific sectors. We focus on identifying fast growth businesses which can scale explosively to create, transform or dominate an industry.  We can invest from £250,000 to £5 million and prefer to partner teams based in the UK.

    The work of our ventures team is supported by access to the Octopus Venture Partners, a network of approximately 100 outstanding business leaders, entrepreneurs and private investors providing an invaluable wealth of expertise and resource for our portfolio companies, as well as investing on a deal-by-deal basis alongside Octopus venture funds. This blend of knowledge and skill has allowed us to help many great companies across several sectors thrive in recent years including Zoopla; Graze.com; SwiftKey; and,Secret Escapes. For more information visit www.octopusinvestments.com.

    About MMC Ventures
    Founded in 2000, MMC Ventures is an active investor and award-winning venture fund manager, focused on technology-enabled sectors where the UK is a world leader -particularly financial and business services, business software, digital media and e-commerce.  With circa £100 million under management, MMC invests £10–15 million per annum in a combination of new investments and add-on capital for existing portfolio companies.  MMC specialises in fast-growth early-stage businesses, partnering with entrepreneurs and impressive management teams to achieve substantial scale and profitability.

    MMC’s existing portfolio includes AlexandAlexa, Base79, Interactive Investor, Knowledge Mill, LoveHomeSwap, Reevoo, The Practice, NewVoiceMedia, Tyres on the Drive, Masabi, Consilium, Safeguard, Creativity, iJento, Neoss, Breathing Buildings and Small World. For further information about MMC Ventures please visit: www.mmcventures.com.
    London & Partners

    International firms are increasingly looking to London as the world’s capital for business, with unrivalled access to a talented workforce, technology and as a creative gateway to Europe where ideas and trends are born. Salesforce.com has been supported by the Mayor’s promotional organisation London & Partners which offers free and impartial advice to global businesses in the UK’s capital.

    Legal Notice
    This press release contains forward-looking statements about the Innovation Challenge, including without limitation details about its timing, the amount of investment funds available, its geographic scope, the eligibility criteria, the rules and procedure, the benefits to winners, and the participating venture capital firms.  The achievement or success of the matters covered by these forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the  results of the Investment Challenge could differ materially from the results expressed or implied by the forward-looking statements we make.  These risks and uncertainties include, but are not limited to, any failure by us to reach final agreement with the participating venture capital firms, any decision by such venture capital firms to discontinue their participation, any failure of one or more of the venture capital firms to come to agreement with the winning participant(s) on investment terms, compliance with financial and other regulatory requirements, and the suitability of start-ups applying to the Innovation Challenge. Salesforce.com assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

    Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” The contents of this press release should not be viewed as promoting the products or services of any person other than salesforce.com. Nothing in this press release should be regarded as investment or other advice or as a recommendation of any kind. For more information please visit http://salesforce.com, or call 1-800-NO-SOFTWARE

    © 2013 salesforce.com, inc.  All rights reserved.  Salesforce, Sales Cloud, Service Cloud, Marketing Cloud, AppExchange, Salesforce Platform, and others are trademarks of salesforce.com, inc.  Other brands featured herein may be trademarks of their respective owners

    The post Salesforce, Notion, Octopus, MMC Unveil $6.5M Challenge To European Startups appeared first on peHUB.

  • Cleantech investing quietly re-emerging as more rational, capital light, smaller

    Despite a continuing drop in the amount of funding that venture capitalists are willing to put into “cleantech” companies, a more rational style of VC investing in cleantech has emerged in 2013. A variety of investors are closing on modest funds that are investing small amounts into companies that have much shorter lifecycles and require smaller amounts of funding to scale. Many of these companies use software and IT at the core of their businesses.

    SJF Ventures this week announced the close of its third fund which has $90 million under management. The firm has invested in a variety of sustainability-minded startups including innovative waste and recycling company CleanScapes, clean power services company Community Energy, e-waste recycling company eRecycling Corp, data center efficiency software company Fieldview Solutions, and Optoro, which uses software to sell and move undersold goods. The firm also invests in companies that aren’t focused on sustainability like MediaMath. SJF says its limited partners include banks, insurances and financial services firms, mutual and pension funds, family offices, among others.

    Apple Solar Farm

    SJF says in its announcement that its second fund “is performing in the top quartile all US venture capital funds of its vintage year.” Compare that to the pretty weak returns disclosed by cleantech limited partner heavyweight CalPERS, or the analysis provided by Venrock partner Matthew Nordan.

    SJF Ventures partner David Kirkpatrick told me their cleantech investing thesis is focused on companies that are “capital efficient,” and have business models that deliver immediate value to customers, like asset recovery, reuse and efficiency. In addition, the company provides growth equity investments, meaning they back companies that are later stage and are already delivering revenues — grow something that’s already working.

    Cleantech Open western regional 2012

    This type of cleantech 2.0 investing thesis has been around for awhile. The “Cleanweb” folks call this trend cleanweb, because many times the underlying technologies are digital ones. Greg Neichin, Executive Vice President of Cleantech Group, described the trend last month as: “We are seeing the market moving beyond irrational exuberance and becoming more cautious and thoughtful in deploying capital.”

    SJF isn’t the only one still optimistic about cleantech investing. Earlier this year The Westly Group closed on a $160 million fund that it will invest into cleantech companies. The Westly Group backed three companies that went public, including electric car company Tesla, biofuel company Amyris, and Chinese recycling company China Recycling Energy Corporation (CREG). The firm raised the funds from investors like Citi, E.ON and SK Group.

    Other firms that are still strong in cleantech investing include Khosla Ventures, Braemar Energy Ventures, Lux Capital, and Kleiner Perkins. A report from Cambridge Associates, and reported by Dan Primack, found that while cleantech investing has underperformed, it hasn’t been the blackhole that it appeared. Really large and bad bets like Solyndra and Fisker have skewed public perception around how much money the sector has lost.

    The Cleantech Group reported last month that the first quarter of 2013 saw total venture dollars in cleantech down by 29 percent from the fourth quarter of 2012, but that the number of deals was up for the quarter. Half of the number of deals were for Series B rounds or later, but almost all (90 percent) of the dollar amounts of the deals were for Series B rounds or later.

    Related research and analysis from GigaOM Pro:
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  • With A Widespread Launch Looming, Mozilla Rolls Out Firefox OS Simulator 3.0

    Simulator-overview

    Mozilla was keen to talk up the 3.0 version of its Firefox OS simulator back in March, but didn’t have much to share about when eager developers could start fiddling with it. Thankfully for HTML5 buffs, that six-week quiet period is over — the team just announced on the official Mozilla Hacks blog that the newly updated simulator is now available to download.

    All of the features that appeared in the preview release are accounted for — think support for rotating displays and a mock geolocation API for testing location-aware apps — but the simulator suite has been polished a bit since we last saw it. Most of those tweaks are housekeeping changes: the size of the download has been reduced, which has led to snappier boot times, and the simulator now supports common OS shortcuts like Cmd + Q to shut down, but the simulator has also been updated to run newer versions of Firefox OS and the Gaia user interface layer.

    With that said, prospective Firefox OS developers will probably use one simulator feature more than any other: the ability to push work-in-progress applications to connected test devices. Mozilla and its hardware partners Huawei, LG, and ZTE (who showed off its first FFOS device at Mobile World Congress) have been pointing to device launches in Brazil, Colombia, Hungary, Mexico, Poland, Serbia, Spain and Venezuela later this year, but the quality of the experiences found on those phones will ultimately determine whether or not Firefox OS flops.

    Even so, strong early sales of Firefox OS developer devices may point to a promising official launch for the first set of consumer-facing phones later this year. Just look at Spanish hardware OEM startup Geeksphone — it began selling its Keon and Peak reference devices for $119 and $194, respectively, late last month, and the company was forced to limit the number of handsets sold that on launch day so the 20-person team could keep up with shipping.

    That’s a promising start especially for a company as young as Geeksphones, but there’s no question that Firefox OS is going to face some serious competition in its launch markets. Android powers a staggering number of cheap smartphones, and Nokia has refocused its efforts to build low-cost devices based both on Windows Phone and the aging Series 40 OS. Meanwhile, persistent rumors of a low-cost iPhone continue to make the rounds — Firefox OS seemed like a novel option for new and adventurous smartphone owners when I first played with it, but we’ll have to see how the rest of the industry responds.