Buisness Insider

Boulder VC Makes Fun Of New Tech: 'The Golden Age Of Technology Occurred 30 To 40 Years Ago'

Jason Mendelson Google Glass Foundry Group

In October, Brad Feld's Colorado-based venture capital firm, the Foundry Group, announced a major change in direction for how it would invest.

In a blog post it said:

Effective immediately, however, the firm will focus on more proven technologies that present less technology risk.“We really believe that the golden age of technology occurred 30 to 40 years ago and we intend on identifying and investing in the best entrepreneurs in these older, key technologies,” said Seth Levine, Managing Director.

For real? Nope.

It was all part of a joke to set up the venture team's latest music video that pokes fun at how crazy our lives are with new tech like smartphones, GPS, Google Glass, Instagram, and Twitter.

But there is more than a little bit of irony in there. Foundry just raised a another $225 million fund in October, its fourth round of funding, which for the first time will be dedicated to late-stage companies, not early companies and seed rounds. It will be for larger investments of up to $25 million a pop, the firm said. So in some ways, Foundry is changing its investment strategy to focus on older, more established companies.

Feld is known for investing in Zynga and for cofounding startup accelerator TechStars with David Cohen.

Here's the silly video they produced. The best part is how they look in costume.

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

A Goldman Sachs Report On The Upcoming Elections Has Kicked Up A Storm In India (GS)

Indian Flag 4

The biggest story in India these days continues to be the May 2014 elections and what they could mean for India's economy which is growing at its slowest pace in a decade.

Naturally analysts have been weighing in on the elections.

But a Goldman Sachs note titled  'Modi-fying our view: raise India to Marketweight,' which references Indian prime ministerial hopeful Narendra Modi, is kicking up a storm in India. 

The note by Sachs' Timothy Moe and his team cites six key reasons for this change. But it is the first reason: "optimism over political change, led by BJP’s prime ministerial candidate Mr. Modi, is dominating economic concerns," that sparked the outrage.

Moe argues that Modi and his Bharatiya Janta Party (BJP), the opposition party at the moment, have in the past focused on infrastructure and capital spending and that "a BJP-led government may be beneficial for the investment demand pick up, in our view."

Here's more from Moe and his team:

"Currently, the macro challenges that India faces in terms of external and fiscal imbalances, high inflation and tight monetary policy are being dominated by expectations of political change, specifically that the BJP- led National Democratic Alliance (NDA) could prevail in the next parliamentary elections that are due by May 2014.

"Equity investors tend to view the BJP as business-friendly, and the BJP’s prime ministerial candidate Narendra Modi (the current chief minister of Gujarat) as an agent of change. Current polls show Mr. Modi and the BJP as faring well in the five upcoming state elections, which are considered lead indicators for the general election next year. Even though the actual general election outcome is uncertain, the market could trade this favorably over the next 2 quarters, which argues for modifying our stance."

Commerce minister Anand Sharma, who is a member of India's Congress party that is part of the ruling coalition, told reporters the note was "inappropriate and objectionable." Here's his reaction (via The Economic Times):

"We don't need this kind of daily certification or assurance. We are a self confident nation. We surely would not be entertaining prescriptions when it comes to Indian democracy from those who are totally disconnected. We have more than 800 million voters, any prescription would be insulting their collective wisdom and they should refrain from that. 

"...These reports could also be colored, influenced, and these are most inappropriate and objectionable.

Goldman Sachs has come out in defense of the report (via DNA India):

"Our Asia Pacific Portfolio Strategy report... contains no political bias nor any political opinion by Goldman Sachs or its analysts. It simply notes that investor sentiment is being influenced by party politics. We stand by that assertion and by our research."

In case you were wondering, here are the other five reasons Moe and his team upgraded their view on India.

  1. External pressures have let up.
  2. "Early signs of cyclical pick up and structural improvement."
  3. The earnings outlook has improved.
  4. Midrange valuations are not a constraint on the market and mid-cap stocks look attractive.
  5. Foreign inflows have been strong and redemption by domestic institutions and investors could ease.

SEE ALSO: Why India's Economy Could Be In Trouble For 5 More Years

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

Graffiti Artist Banksy Has Popped Up In New York City

Mysterious graffiti artist Banksy is coming to New York City for a monthlong "residency."

The anonymous artist updated his website earlier today with a photo of his new work in Chinatown, and a message: "For the next month Banksy will be attempting to host an entire show on the streets of New York."

The project is called Better Out Than In.

Each image in the series will be accompanied by a toll-free number, which viewers can call to find out more about the work. 

Here's the first work in the series:

Bt0hv6k2i2noex7olcgc

The audio informs viewers: "Before you, you will see a spray art by the artist Banksy. Or maybe not. It's probably been painted over by now." It also says that the "children represent youth" and the "sign represents, well, signs."

The Village Voice has already uncovered the exact address of the work: 18 Allen Street, near Canal, on the Lower East Side.

People have already been posting sightings of the new Banksy work with the hashtag #banksyny:


#banksy #banksyny #chinatown #NYC pic.twitter.com/f2OZOXJNyM

— 'M' (@MilynWilliams) October 1, 2013

Gallery patrons in Chinatown #banksyny pic.twitter.com/IDUbd6v3z3

— VernacularTypography (@VernacularType) October 1, 2013

#streetartis #banksy in #NYC #banksyny #1 pic.twitter.com/rNDUDe7GK1

— @streetartis (@streetartis) October 1, 2013

Another photo of a Banksy work appeared on the artist's website last week. At the time, it was widely speculated that the art was in Los Angeles.

SEE ALSO: The 15 Greatest Masterpieces At The Met In NYC

Join the conversation about this story »

Mf
Twitter Facebook Linkedin Googleplus Email


Rc
Rc
Rc

A2A2t
Feeds.feedburner
read full article
   

Page 10 of 122

Find Joysco Studio On Facebook


28 February 2012
Be Inspired: The Life of Heavy D (Documentary) FT. QUEEN LATIFAH AND MORE NARRATED BY...
09 August 2014
PixelThe so-called iPhone 6 is back in the news today, thanks to some lovingly detailed photo leaks from a...
10 July 2014
Iphonelenskit[This is an advertorial. Maclife gets a portion of each unit sold.]The iPhone has become a capable...
10 July 2014
Factory Outlet Ebay Store 620pxIf you're in the market for a deal on an Apple Certified Refurbished unlocked iPhone 5 complete with a...
10 July 2014
FindmyiphoneApple has been attempting to distance itself from Google for some time now, and the latest service...
10 July 2014
IphoneAs hard as may be to believe in these days of rampant iPhone thefts, sometimes lost iPhones make their...
10 July 2014
Mal93.rev Dragon.dragon02Thanks to Siri, we’re all getting familiar with voice recognition. Where the technology really comes...
07 July 2014
Airport Security Checkpoint 620pxOur fellow Americans: Welcome back from a three-day weekend of barbecues and fireworks! July is...
07 July 2014
Other 1Whenever you plug an iPhone or iPad into a Mac and check its data storage in iTunes, a chunk of space is...
07 July 2014
We've heard a lot about how strong the rumored sapphire crystal screens for the iPhone 6 supposedly are,...