Archive for September, 2009

SocialWok One Ups Google Docs, Makes Document Collaboration Easier Using Your Google Account

Amit Chowdhry | September 17, 2009 | 831 views | Add a Comment
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SocialWok is a new start-up that focuses on sharing documents online easier and more secure. Google Docs already does a good job, but their process is quite tedious. For example if you want to share a document on Google and IM it to a friend, the document has to be public. If the document is private on Google Docs, then you to log in and e-mail a link internally from the system.

Within SocialWok, you can publish links and statuses on Facebook, Twitter, FriendFeed, or LinkedIn. You can also watch YouTube videos and monitor Google Calendar events from within the service. To share documents with certain users on SocialWok, you can add them to different limited networks. Socialwok also has a mobile user interface that is just as easy to use as the PC-compatible version. The mobile version heavily depends on HTML5.

To log into SocialWok, you don’t need to create an account with them. You can log in using your Google Docs account. The basic version of the website is free, but additional administrative services and dedicated services will be available for a price. SocialWok was a demopit winner at the TechCrunch50 conference.

SocialWok is based in Norwalk, CT and has an office in Singapore. The companies involved are listed below:
- CEO: Ming Guang Yong
- COO: Vikram Rangnekar
- CTO: Navin Kumar
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Burglar Gets Caught By Leaving His Facebook Account Logged In At Victim’s House

Amit Chowdhry | September 17, 2009 | 1,757 views | Add a Comment
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Jonathan G. Parker’s addiction to Facebook got him arrested. Parker broke and entered into a person’s house and stole two diamond rings. But before leaving the house, he decided to log into Facebook and check out the news feeds. Unfortunately for Parker he forgot to log out. The house owner discovered this and reported the crime to the police. Parker was charged with one count of felony daytime burglary.

Parker broke in through the bedroom window and he frantically searched for things of value in the open cabinets in the garage. There were two diamond rings missing from the dresser in the same room that the computer is in. The two rings were worth about $3,500. A friend of the victim knew where Parker was staying. Parker occasionally visited a friend in the area and asked the friend if he wanted to participate in the crime with him. But the friend refused the night before the burglary took place.

Parker is in custody at the Eastern Regional Jail in Martinsburg, Pennsylvania and is on a $10,000 bail. If charged, Parker could face 10 years of jail time.

Chyngle iPhone Application Helps You Find Food And The John At Stadiums

Amit Chowdhry | September 17, 2009 | 1,130 views | Add a Comment
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Chyngle is a mobile application company started by Todd Sullivan. Sullivan went to Yale University for his undergraduate degree and earned an MBA from the Ross School of Business at the University of Michigan where he won the MBA Entrepreneur of the Year. One of Sullivan’s latest applications is an iPhone application that has football stadiums mapped out and reports where the food stalls and bathrooms are. There is also a button that contacts medical assistance. And the application also has the ability to find carpools for getting back home.

So far Chyngle has the University of Michigan Stadium (also known as “The Big House” and the second largest stadium in the U.S.) mapped out. The Chyngle branded application uses the GPS built into the phone to find out your location and find out the services and people nearby. The services are marked by a red dot on the map. To order a pizza, drinks, chips, or anything else the user can send an SMS message to the food stands. Sullivan coined this service “in-pocket marketing.” Chyngle makes money by charging the venue $2,000 per month as a licensing fee.

At the TechCrunch50 demopit session, Sean Parker suggested a name change. He said he started a company called Plaxo and “people thought it was a dental problem.” Another judge suggested making it free for iPhone users and creating maps of bigger venues such as Madison Square Gardens.

Kohlberg Kravis Roberts & Co. Investing $400 Million Into Kodak For 16.5% Ownership

Amit Chowdhry | September 17, 2009 | 1,569 views | Add a Comment
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Eastman Kodak Company (NYSE:EK)? plans to raise about $1.1 billion in the near future. About $700 million will come from the company internally as part of a debt refinancing. Kohlberg Kravis Roberts & Co., the investment firm that trades on the New York Stock Exchange as KKR Financial Holdings LLC (NYSE:KFN)? will also invest $400 million into Kodak.

Kokak will also issue $300 million in new convertible notes due around 2017. The interest rate will range from 10-10.5% per year. KKR will buy warrants to purchase about 53 million shares in Kodak. There are about 268 million Kodak shares outstanding. This means KKR will have about a 16.5% ownership in Kodak. Kodak’s $575 million of convertible bonds due in 2033 rose 2.5% to $0.98 on the dollar. This is the highest level since April 2008.

The $700 million senior secured notes that Kodak plans to raise will go towards retiring their 2033 convertible bonds. George Fisher, former Chairman of Kodak is a senior adviser at KKR. KKR was started in 1976 and is one of the biggest private equity companies in the world. They control about $50 billion in assets. Kodak was founded by Geroge Eastman around 1880.

“We believe KKR’s investment is a validation of our strategy and our team,” stated Kodak Chairman and CEO Antonio M. Perez in a press release. “KKR has a long, successful record of working with, and investing in, companies with significant value-creation potential. We look forward to working with the KKR team to accelerate the growth of our portfolio of high-margin annuity businesses.”

Clixtr Turning Smartphones Into Smartcameras Using Location-Based Photos

Amit Chowdhry | September 17, 2009 | 713 views | Add a Comment
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At major events like birthdays, anniversaries, and weddings hundreds of pictures are being taken. However sharing the photos and group all of the photos taken become an issue when everyone has their own digital camera. The people posing and smiling for all the cameras become tired and don’t know what camera to look at. Clixtr has designed an application for the iPhone that sells for $2.99 that will use the GPS location of your photo and upload it into albums that are linked to the same GPS location you are at.

Its as easy as taking the picture and uploading it to Clixtr. From there the photos will automatically be linked to that location. These photos can also be seen through the iPhone in a streaming view. Although there are many photo sharing alternatives in the market today, Clixtr is one of the few location-based companies that sorts photos.

Clixtr has 5 employees and is based in San Francisco, California. The company started developing the application in October 2008. They have seed capital from DFJ and believe that they could also make money from location-based advertising.

The E-mails, MySpace Profile, and TheKnot.com Profile Of Ray Clark III

Amit Chowdhry | September 17, 2009 | 1,693 views | Add a Comment
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Today is a dark day at Yale University. Raymond Clark III was arrested for strangling Yale graduate student Annie Le to death. Clark seemed to live a normal life before the incident. In high school, he respected authority and was competitive at baseball. Clark also volunteered to help the homeless and raised money for cancer-stricken patients. Clark was also a part of the Asian Awareness Club.

However Clark also had a dark side. He was very controlling of his fiance and tended to withdraw from emotions. There was even a police report filed that suggested that he was abrasive with his high school girlfriend. The girlfriend said that Clark forced her to have sex with him and she was scared to find out what happens if she broke up with him. When working at the lab at Yale University, Clark was reportedly very demanding of his co-workers.

There were some text messages and e-mails found between Le and Clark that revolved around work cleanliness. Clark was mad at Le for supposedly leaving the mice cages in the lab dirty. Clark was responsible for cleaning the mice cages. Clark lived with his girlfriend Jennifer Hromadka in an apartment nearby the Yale lab. One of the neighbors of Clark and Hromadka said that he did not treat her well. Clark would not let Hromadka talk to anyone.

On September 8, Le’s body was discovered in the wall of the basement of a Yale building. On that day she was supposed to get married. Later that day Clark seemed to have scratches on his body but he blamed that on the animals he worked with at the lab.

Last year Hromadka wrote a undated blog post on her MySpace profile that denied that Clark was having a fling with a woman at the lab. “My boyfriend, Ray, if you don’t know him, has no interest in any of the other girls at YARC as anything more than friends,” stated Hromadka. She added that Clark was “a bit naive… but a good guy.” Hromadka deleted her MySpace profile recently.

Ray himself also had a MySpace page that he did not touch since 2006. But now the account has been deleted. On his MySpace profile in the about me section he wrote “Hello my name is homo ray i fart on people.” And on the Who I’d like to Meet section he wrote, “your mom so I can [expletive] her.” Under his interests he wrote porn for movies, TV, books, and heroes. Ray and Jennifer also had a profile page on TheKnot.com. The couple planned to get married on December 20, 2011 and have been engaged since New Year’s Day 2008.

When creating social media profiles, there is a certain level of professionalism that should be considered. Now people that hear about Ray’s MySpace profile will know that there was something slightly off about the guy.

Korea Based SealTale Enables You To Design Your Own Widgets

Amit Chowdhry | September 17, 2009 | 886 views | 1 Comment
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When I heard about SealTale, I thought “been there, done that.” SealTale is Korea based widget startup that presented at the TechCrunch50 conference. SealTale allows bloggers to quickly create widgets or grab one from the company’s library. Then the blogger can stick it on their blog to show what types of brands or products that they are interested in.

When clicking on the seals that are embedded on a blog, it flips over to show RSS feeds of the posts from other blogs that have seals with the same tags. This way blogs can share traffic with each other. Sounds a lot like webrings that were popular in the 1990′s. The back of each widget also has a targeted ad contained within them. This is how they would make money.

Personally I could see this take off in Korea, but not as much in the United States. Only because “professional” widgets are not common on U.S. based websites. A lot of those that have widgets on their MySpace profiles prefer very flash and glitter-covered widgets. I don’t really like using widgets on anything so I don’t see myself using SealTale.

MySpace Business Development SVP Jason Oberfest Joins Ngmoco

Amit Chowdhry | September 17, 2009 | 934 views | Add a Comment
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Jason Oberfest, the SVP of Business Development at MySpace has quit to join Ngmoco as the VP of social applications. Ngmoco is a company that makes iPhone games that hired the President of SEGA Simon Jeffery in June. Oberfest will be developing and discovering social games that can be adapted into mobile devices. No word yet over who will replace Oberfest at MySpace.

Oberfest joined MySpace in July 2008 and was the general manager of MySpace Open Platform. Before working at MySpace, he was the managing director of business development at LATimes.com.

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