How fast could YOU spend 25 billion dollars?

PBS | I, Cringely . Archived Column

Why is it only Robert X Cringely ever writes about this stuff? It would be less peculiar if he were usually wrong, but he's most often right. Cringely says the VCs are going to spend some change fast ...

In 1999-2000 -- at the very peak of the dot-com boom -- venture capital firms were not only taking companies public at a furious pace, they were just as furiously raising new venture funds -- funds that will shortly be coming to the end of their lives. Throughout the fixed lifespan of these funds venture capitalists are typically paid 1-2 percent of the total fund per year as a management fee. If a VC raises $100 million for a fund with a six-year life, they'll take $2 million every year as a management fee, whether the money is actually invested or not. Any money that remains uninvested at the end of the fund must be returned to the investors ALONG WITH THE ASSOCIATED MANAGEMENT FEE.

Right now, there is in the U.S. venture capital community about $25 billion that remains uninvested from funds that will end their lifespans in the next 12-18 months. If the VCs return those funds to investors they'll also have to return $3 billion in already-spent management fees. Alternately, they can invest the money -- even if they invest it in bad deals -- and NOT have to cough-up that $3 billion. So the VCs have to find in the next few months places to throw that $25 billion. They waited this long in hopes that the economy would improve and that technical trends would become clear so they could do their typical lemming-like jump off the same investment cliff as all the other VCs. Well, we're at the edge of the cliff, so get ready for the most furious venture investing cycle in history.

The national identification card and database

Slashdot | House Approves Electronic ID Cards

The US House has approved a de facto national indentification card and database that will aggregate data across all citizens.

Ten years ago this would have caused a great fuss. Now the comments on Slashdot (ok, so Slashdot is pretty vapid these days) are tepid and confused.

Resistance is indeed futile. Let's get our chips implanted and get this over with.

Google's vector maps and Safari

as simple as possible, but no simpler: Mapping Google

There've been many posts on Google's maps, but few capture how much radical innovation is involved. This page gives an extensive overview, Jon Udell's post also links to a Slashdot discussion. To the cognoscenti Google Maps and Gmail are signs of a rich world of web applications that few had anticipated. I do wonder what Google will do with their browser project. GBrowser may make Netscape's old Constellation project seem humble.

The resolution and zoom range of the maps comes from their vector nature; they are not the bitmaps we are all to familiar with. We've been waiting 10 years for someone to deliver vector maps to the masses, now we'll never tolerated raster maps again. PDF, Flash and SVG maps have been done before, but not on this scale.

Some posters claim Google is using VML. That's unlikely as Firefox does not support VML. Nor are they using SVG. They appear to be using some internal XML vector representation and doing something called an XSLT transform (magic to me). Unfortunately OS X Safari is missing the XSLT transform capability. It may appear in Tiger.

This is the first application that's made me consider leaving Safari for Firefox. Apple needs to wakeup.

Potemkin Comments are real now

Faughnan's Notes: Faughnan's Notes: Potemkin Comments

I've updated the template for this blog and tested comments, they now work as expected. I don't have the time to fight comment spam, so commenting requires authentication by Blogger (you have to sign up with Blogger to comment).

Kim Il Sung - burning books and documents

Gallery One - Kim Il Sung - Pg. 42

Also via Boing-Boing -- they're firing on all cylinders today. This is one in a series of propaganda portraits mythologizing an infamous tyrant.

But what of the expression of the girl in the first row of soldiers, third from the left? She does not look pleased at the sight of all those burning books.

I wonder if Kim Il Sung noticed? If so the artist would not have long survived.

Later in the series the tyrant starts to look both pudgy and ridiculous. At the end, the artist seems to have crossed into frank parody, or into madness.

The forgotten 1960s

afri-cola.../charles wilp nonnen commercial

via boing-boing. I'm not quite sure what this German web site was about, but this link features an alleged 1968 commercial that has to be seen to be believed. It's sufficiently unusual that I wonder if the entire site is some diabolical experiment in art and gullibility.

It does remind me of something that attracts little comment. There were a lot of magazines and books in the 1960s that basically reflected the interests of 19 year old male libertines. I admit I read a few myself, though I was a child then. Within 10 years those books and magazines became quite hard to find -- even in used bookstores. It's as though they were erased.

I've always found this quite curious, but little is made of it. Instead the popular convention is that the decadent left celebrates the 1960s. Indeed there are some who celebrate a sort of synthetic memory that has some vague resemblance to the 1960s, but only fragments of the cultural artifacts of the 1960s survive. Or maybe I'm just looking in the wrong places?

Visiting this page, I wonder if someone is going to start trying to reconstruct that lost popular culture. If so, we may learn that some things are best left in dark and dusty corners ...

Fidonet lives?!

Boing Boing: FidoNET Web-interface

FidoNET, astoundingly, lives on. Allegedly there's a niche for the underlying technology in some parts of the world. From Boing-Boing:

...Back in the paleolithic era, I was hooked on Tom Jennings' amazing FidoNET system for linking message boards across dial-up BBSes...FidoNET was optimized for linking up conversations at a distance in places where long-distance calls cost a lot and didn't work so well, and that makes it ideally suited to the less-developed world, where FIDONet is still in use.

Now Jon describes the system he's built to bridge the Web into FidoNET, which you can access here...

I am so ancient I remember the pre-FIDONet era. In the really old days, when only universities were permitted net access, a handful of dial-up BBS services ruled the vastlands. Even at night it was costly to phone them, but real nerds (this was before geeks) paid for unused nighttime bandwidth on the pre-Internet packet switching networks. I think there were three such, I believe I used something called Telenet (It's still around. I'd dial in to a local Telenet node, then connect via Telenet's network to another node, then I think that node dialed a local BBS. It was all very geeky.

Once Fidonet (I don't remember it being written as FidoNET) caught on Telenet was no longer worthwhile. Many of the great BBS of the day were eclipsed by lots of small BBSs, each acting as a Fidonet node and each being a local call. I lived in Escanaba then, a small and lovely town in Michigan's upper penninsula. At first my Fidonet node was a low cost long distance call, then a local BBS took over. Fidonet had a pretty steep barrier to entrance, so the community was pretty strong -- albeit favoring technical issues. In those days I was quite keen on OS/2, so I followed that community fairly closely.

Then came the net. My MCI email address acquired an ampersand: 4867991@mcimail.com. The BBS dinosaurs dwindled and disappeared.

Or so I thought.

But it's not so. Fidonet lives on, albeit a shadow of its former self.

Who knows ... perhaps one day when the Internet becomes completely closed, and all interactions require Microsoft's networking and authentication layer, Fidonet may rise again. Stranger things have surely happened (I think).

Where can Bush find a secretary of the treasury? Slate and Salon have an answer.

Salon.com Technology | End of a hatchet woman

Slate and Salon have both covered Carly Fiorina "transition" (The word "termination" doesn't fit with a 23 million dollar severance package). I thought Slate was harsh (but fair) until I read Salon's (arguably fair) hatchet job on the "hatchet woman".

Interestingly both articles came to same conclusion. Carly, a loyal Republican and, one presumes, a major donor, will be offered the Secretary of the Treasury post in the new Bush administration:

As the Fortune article makes clear, Carly's numbers didn't work because they couldn't work, which is of course what folks like Walter Hewlett were saying three years ago. And so a once great company is a shadow of its former self, and Fiorina is out of a job. But don't cry for Carly. Given her way with numbers, there's surely a spot for her in the Bush administration. Secretary of the treasury, perhaps.

Wow. What a perfect fit. Bush can't sink much lower.

The power of the netMind: Outing another GOP fake

Salon.com News | Fake news, fake reporter

A couple of years ago a Rumsfeld project was leaked and then (supposedly) shut down. The project was to facilitate US military efforts by planting fake news stories. Of course anyone who thought it was really shut down was terminally naive. Instead the program evidently mushroomed, and, of course, became a part of a US focused initiative to advance GWB's agenda and reelection.

The silliness of the Talon/Gannon plant suggests the limitations of using pawns and exposes the fundamental philosophies of this administration:

1. The ends justify the means.
2. The public are sheep that must be guided by the wise.

The way this fraud was exposed, however, says something more interesting about the NetMind:

Gannon's star turn quickly piqued the interest of many online commentators, who wondered how an obvious Republican operative had been granted access to daily White House press briefings normally reserved for accredited journalists. Two weeks later, a swarming investigation inside the blogosphere into Gannon and Talon News had produced all sorts of damning revelations about how Talon is connected at the hip to a right-wing activist organization called GOPUSA, how its "news" staff consists largely of volunteer Republican activists with no journalism experience, how Gannon often simply rewrote GOP press releases when filing his Talon dispatches. It also uncovered embarrassing information about Gannon's past as well as his fake identity. When Gannon himself this week confirmed to the Washington Post that his name was a pseudonym, it only added to the sense of a bizarre hoax waiting to be exposed.

I first saw this type of emergent thinking when a group of interested persons working together rapidly exposed an international credit card fraud. That was before blogging, but the combination of a summary document (web) and email/usenet already allowed small slices of many disparate minds to collaborate in solving a problem.

Emergent problem solving through distributed mindslices linked by low bandwidth connections. Hmm. Reminds me of the SETI distributed processing effort, but running on wetware rather than hardware.

This is not new of course. It's as old as newspapers, but it really caught on in the early days of usenet. Web pages moved it up a level. Where will it end up?

Faughnan's Notes: Potemkin Comments

Faughnan's Notes

This blog has had a comments link for some time. I haven''t actually gotten any comments, but that was fine with me. Today, however, I received an email pointing out that the comment link doesn't actually work. Thanks Steve!

I suspect the problem is that I use an old template for this blog, so old it predates Blogger's comments infrastructure. So they've probably never worked. I ought to have tested them myself.

I'll have to change templates to get the comments working; I'll probably get to that in the next week or two. Sorry!

Update 2/10/05: I've updated the template and the comments seem to be working properly.

Search, desktop documents, Gmail, iPhoto and iTunes

I've written recently about desktop search and YDS: Faughnan's Tech: Yahoo! Desktop (X1) is the new champion.

As I noted there and elsewhere, metadata is one of the big missing pieces to desktop document management and search. Not every document I save is of equal value. Some are "five star" documents I want to find easily, others are of less value. Current file systems don't track this data for files. This data is tracked to a certain extent in Gmail (zero to 1 star), iPhoto/iTunes (5 star) and Outlook emails (3 star: low, norm, high).

I'd like my desktop OS to allow me to specify a "value rating" when I store a document, and I'd like to use that star rating as a criterion when I search and sort.

The Medlogs.com Aggregator and my readership

Medlogs.com - The News Aggregator for Medical Topics

I am a compulsive communicator. In the mid-90s I began a hobby web site, which grew over the years. About half the work that goes into that site would have been spent on notes stored on my local hard drive, so I've been able to rationalize my vice. I admit things got a bit out of hand with the international credit card scandal, but they settled down in the 2000s. Mostly the site served my needs, and it if was helpful to others that was good karma.

Then, in 2002, my brother was lost. I needed a way to let friends and family know what was going on during our fruitless search in the mountains; Blogger was a new and handy communication tool. (This was before Google bought them.) Alas, Blogger then turned from a tool into a enabler. My vice had a new dimension - blogging.

In the years that followed I began several blogs, nowadays three are active. One focuses on politics and opinion, one keeps my notes on various hardware/computer topics and one focuses on special education notes and issues. The first serves my compulsion to warn and to bloviate, the second was a handy way to store and index my personal notes for future reference, and the last was also primarily a way to keep notes -- but it might additionally become a way toserve our local special education community.

All along, I assumed no-one really read my posts. My wife likes to read the political blog (she's odder than people think) and I get thank you notes from people who've found the tech posts via Google. I figured that was the extent of my readership.

Then my colleague Jacob Reider, a family physician and academic, started medlogs with the help of David Ross. I've met Jacob only a few times over the years, but anyone who's met him knows he has an extraordinary mind -- and that he's a serious geek as well as being a most likeable person. Jacob, inexplicably, included my opinion blog in the initial feeds his software collected and published. Later I added my special education blog to the Reider/Ross aggregator; I figured that blog might actually be helpful to someone.

The Medlogs aggregator is special, and I mean that in a good way. It's fascinating reading, and the software does a great job of collecting and presenting a range of vaguely medically related postings into several themed streams. It's becoming a cross between a publishing house and a journal, and it has a seriously high Google/MSNSearch ranking.

Recently Jabob/David added a hit count to the articles they aggregate. So I can actually see who clicked on their article header to read my article. Imagine my shock when I saw 8 people had read something I wrote this morning. That's seven more people than my wife.

So I have a sort of readership. Hello! You have my condolences ...

Something to remember in Saint Paul

The New York Times > New York Region > In Barrooms, Smoking Ban Is Less Reviled

Bacck in 2002, when the City Council was weighing Mayor Michael R. Bloomberg's proposal to eliminate smoking from all indoor public places, few opponents were more fiercely outspoken than James McBratney, president of the Staten Island Restaurant and Tavern Association.

He frequently ripped Mr. Bloomberg as a billionaire dictator with a prohibitionist streak that would undo small businesses like his bar and his restaurant. Visions of customers streaming to the legally smoke-filled pubs of New Jersey kept him awake at night.

Asked last week what he thought of the now two-year-old ban, Mr. McBratney sounded changed. "I have to admit," he said sheepishly, "I've seen no falloff in business in either establishment." He went on to describe what he once considered unimaginable: Customers actually seem to like it, and so does he.

In Saint Paul Mayor Kelly has been vetoing our smoking bans.

David Sheff writes of his son's addiction to methamphetamines

The New York Times > Magazine > David Sheff > My Addicted Son

A father who is not perfect writes of a father's nightmares. He ends the story on a hopeful note, but he's had experience enough to know that there are no cures, only remissions.

...Since reason and love, the forces I had come to rely on, had betrayed me, I was in uncharted territory as I sat at a corner table nervously waiting for him. Steps of Rome was deserted, other than a couple of waiters folding napkins at the bar. I ordered coffee, racking my brain for the one thing I could say that I hadn't thought of that could get through to him. Drug-and-alcohol counselors, most of them former addicts, tell fathers like me it's not our fault. They preach ''the Three C's'': ''You didn't cause it, you can't control it, and you can't cure it.'' But who among us doesn't believe that we could have done something differently that would have helped? ''It hurts so bad to think I cannot save him, protect him, keep him out of harm's way, shield him from pain,'' wrote Thomas Lynch, the undertaker, poet and essayist, about his son, a drug addict and an alcoholic. ''What good are fathers if not for these things?'' I waited until it was more than half an hour past our meeting time, recognizing the mounting, suffocating worry and also the bitterness and anger...

...Through Nick's drug addiction, I learned that parents can bear almost anything. Every time we reach a point where we feel as if we can't bear any more, we do. Things had descended in a way that I never could have imagined, and I shocked myself with my ability to rationalize and tolerate things that were once unthinkable. He's just experimenting. Going through a stage. It's only marijuana. He gets high only on weekends. At least he's not using heroin. He would never resort to needles. At least he's alive....

I'm reasonably sure I'll face some of what David Sheff has seen with at least one of my children. I can only hope it won't be as bad. That thought makes every moment I have with them now even more precious. I am no libertarian; to give my children a better chance of surviving this I would surrender some of my freedoms, and some of yours too.

The Onion predicts the future of Google - offsite backup

The Onion | Infograph

The Onion has a gem amongst a minor satire of Google: "Finally get around to making back-up disks of everything."

I recently browsed a Slashdot thread on CD-R longevity. It was quick reading -- Slashdot is a shadow of its former self. One theme did emerge -- the posters, a tech savvy bunch, were struggling with backup.

Imagine then, how well 97% of the population does with backup, particularly with digital photos. No wonder the best advice given to most digital photo hobbyists is to print what they like. Odds are, somewhere in the next twenty years, some digital accident will obliterate the rest. (My favorite -- get mixed up in some migration and accidentally delete a photo collection.)

The public needs invisible offsite backup. Google has the expertise and infrastructure to provide offsite backup for the world. They have the engineers to build the UI. They have the money to buy or lease the patents. What they lack is a public willing to pay $25/GB/year for the service. I'd pay the $300 or so I need, but few others would. Yet. After enough have lost their most beloved images, they may be willing to pay.