Thursday, June 21, 2007

My time with the Geezeo founders... it's a pretty sweet service

Geezeo Yesterday I had the chance to meet the founders of Geezeo, Peter Glyman and Shawn Ward. Based in Red Sox (Boston) land, their tagline is, "Keep the Geez in your pocket." The first thing I picked up on is how passionate and excited they are about their product. This is such an important piece of the success of an idea. So many of the companies who contact me write a basic overview. You need to get up in my face and tell me what your service is, why it's better than the rest and how you are going to kick ass. The Geez'rs did this.

Along with Wesabe, Geezeo was part of a piece in the Wall Street Journal last week. Geezeo wants to be considered an "Online Quicken Alternative" and the product offers a lot of new and innovative options past what Quicken or Money do.

For example, Shawn noted that a large percentage of Americans still have their money in savings accounts making sub-1% in interest. When you sign on to Geezeo, they will make recommendations on how to improve your savings by moving to accounts offering 4-5x more. This can amount to thousands of extra dollars a year. Also, the system will offer you suggestions on reducing your credit card debt by looking at using lower interest rate credit cards.

Their target is the 18-34 age bracket and they have ambassadors for their product at major university campuses around the U.S. I suggested to them that they might look at offering seminars on dealing with credit and how to effectively use student loans. I know when I got to college I was hit with 100 credit card offers and wound up with a large amount of debt quickly. Their seminars will provide two benefits: helping students and getting more subs for Geezeo.

So what is Geezeo? Basically it's a "smart" way of managing your money. I say smart because the system learns as it goes. You aggregate all of your bank account and credit information into the system, and it will smart-tag it as it goes along. You can also tag your items as well and then the system learns from your tagging to apply to other users in the future. Geezeo will also offer suggestions on other accounts that you might want to use to either make more or spend less. This is how they generate revenue by affiliate subs with the banking providers. Check out here, here and here for a more detailed product overview.

My immediate reaction when they said, "Yea, Allen you just give us all of your logins and we take it from there" is about security. With hundreds of startups out there, what faith should I have that either of the following won't happen: a. they will just wipe my accounts clean since they have access or b. that their security model will allow a hacker in to accomplish a. Check out their security overview page for some geez speak on how they protect your money.

We spent 45 minutes discussing security and I feel more comfortable now. I asked them to put together a video overview of the security they are using but basically its secure. They are using CashEdge which powers most of the online banks for authentication and they don't store any of your login information after you create your account. They also compared it to storing quicken files on your laptop and your laptop is stolen which would be worse than if someone was able to hack into Geezeo.

There are also mobile components to Geezeo. While I am not a mobile banker, by the looks of the Citibank ads all over NYC, there is a growing percentage that are mobile bankers. And the young'ns are using it more than ever. They also provide support via a MeeboMe widget.

I think the Geez'rs are smart by going after the college and university demographic. Students typically suck at managing their money and overspending on a daily basis. By using Geezeo they might be able to do a better job which could result in extra pocket money for the bars and clubs. Best of luck to Geezeo, if you have tried the service, please post your thoughts in the comments.

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Picture of Google Phone from LG - Coming this Month

Unlike the previous image, this is no Photoshop version of Google Phone - it's real picture released by LG. The Google phone will be released around the iPhone launch but in Europe, not North America.

Dubbed LG-KU580, this CDMA phone provides one click access to GMail, Google Maps (the LG official says Google Earth?) and Google Web search. The design looks similar to LG "chocolate phone."

Google Phone

This will be released in Europe this week with a price tag of somewhere between $300 and $400. Also included is a a 2-megapixel camera, an MP3 player and Bluetooth.

Google's applications have been embedded into cell phones before but this is the first time its big three features - search, e-mail and mapping - have all been incorporated into one.

Full story at Korea Times [via, via]

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Virtual Goods: the next big business model

This guest post is written by Susan Wu, a Principal with Charles River Ventures, where she focuses on digital media, software, and infrastructure. Susan is coproducing the Virtual Goods Summit this Friday at Stanford University - most of the companies mentioned below will be presenting.

img_susan2.jpgPeople spend over $1.5 billion on virtual items every year. Pets, coins, avatars, and bling: these virtual objects are nothing more than a series of digital 1s and 0s stored on a remote database somewhere in the ether. What could possibly possess people to spend real, hard earned cash on 'objects' that have no tangible substance?

The virtual worlds space has received tremendous press attention in the last year, fueled in no small part by Wild West stories of fortune and anarchy in worlds like Second Life and the plight of the Chinese gold farmer in World of Warcraft. But people aren't paying attention to the bigger story. While people preoccupy themselves with mocking the absurdities of some of these virtual worlds, the reality is that there are many businesses out there making meaningful amounts of money in virtual goods:

  • Tencent is one of the largest Internet portals in China with over 250 million active user accounts. They generated $100 million+ in Q1 of 2007 and over 65% of their revenue comes from virtual goods.
  • Habbo Hotel has over 75 million registered avatars in 29 countries and 90% of their $60 million+ yearly revenue comes from virtual goods.
  • Gaia Online does over 50,000 person to person auctions and 1 million message board posts a day- making them the 3rd largest auction site and the 2nd largest message board on the Internet. Their average user consumes 1200 page views a month. They employ 3 people whose sole job it is to open snail mail envelopes full of cash that people send in for virtual goods.
  • There's a commonly held misperception that virtual goods are only for online gamers. Both Dogster and HotorNot are succeeding with a hybrid ad/virtual goods business model. Currently, over 40% of HotorNot's revenue comes from virtual goods.
  • Major mainstream brands are now buying advertising in the form of virtual goods in social networks. Gaians can now purchase and pimp their virtual Scion xBs. Coca Cola and Tencent partnered to allow Tencent's users to trade codes taken from real Coke cans for virtual objects in the Tencent network. Wangyou, a Chinese based social network, has also been extremely aggressive in experimenting with branded virtual goods.

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Privacy: Get a free disposable phone number with Numbr

numbr.png

Web site Numbr provides free, anonymous, disposable phone numbers.

Similar to previously mentioned Craigsnumber Numbr is Craigsnumber re-branded with a lot of cool new features. Numbr supports 23 US cities, can forward calls to up to 2 phones, blocks telemarketers, and offers a Do Not Disturb option from 9PM to 8AM. Additionally, the app can also take voicemails and email you your disposable number's call history. If you ever feel wary about handing out your real number for a short term contact (say for Craigslist), Numbr is the perfect place to go.

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Enter Zenter, Google Office is now complete

Google has snapped up yet another start-up - Zenter, which is building online presentations. This is yet-another-exit for YCombinator, the madrassa of the Web 2.0 crowd. In Microsoft world those are known as PowerPoints. Google had earlier bought Tonic Systems, a start-up that was working on similar technology but was more focused on backend technology. With this acquisition, Google has completed its online productivity suite - Docs, SpreadSheets, Calendar, Mail and Presentations. Now they are on equal footing with Zoho. (Check out the comparison between various online office suites over on ReadWriteWeb .)

The problem is that unless Google figures out a way to create a seamless integration between these online apps, these will all have limited utility. The other aspect of the Google Apps which the search giant needs to address is usability and interface. A lot of people like their minimalist approach to UI, but not me personally. Similarly, like many GMail users we are still unconvinced about Google's ability to provide an always-on service, and ensure the safety of data

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AT&T kicks off Video Share rollout


Though phones that support it have been on the streets for a few weeks now, AT&T is just now getting official with its Video Share service. Though the feature is the first to bring 3G video calling to the US, excitement is a bit tempered by the fact that the service is one-way -- callers must manually switch feed directions to see each other, despite the fact that other UMTS networks across the globe already support two-way services. What's more, we can expect to get nickeled and dimed here: Video Share runs $4.99 a month for 25 minutes of usage, $9.99 for 60 minutes, or 35 cents per minute, regardless of whether the customer is already subscribed to a data plan. AT&T claims its "research" has shown a strong demand for stuff like this, but we think we'll wait for generation two (you know, when we can actually see each other at the same time and it's included with our already-pricey unlimited data). Look for Video Share to be available first in Atlanta, Dallas, and San Antonio, with a full rollout on AT&T's 3G network come late July.

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Verizon FIOS plans to add HD VOD

Verizon FIOSFiber to the premises (FTTP), has the potential to deliver the most advanced HD services today, and although it isn't available in most of the country, Verizon (and others) are bleeding money digging up neighborhoods all over the US to install the magical stuff. Just because you have fiber to your home doesn't mean life is perfect though, there are still plenty of things that can get in the way of your viewing pleasure -- like franchise agreements. Verizon recently announced that they were testing HD VOD in their labs and have an internal time line for launching the service -- that they aren't ready to share. But with their competition already offering this service in some areas they can't wait forever.

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Philips intros 20-inch 3D display -- no need for gaudy glasses

from Engadget by Darren Murph
Don't count Philips as the first outfit to dream up a 3D display that allowed you to leave the eyewear at home, but it looks like the technology is coming ever closer to the mainstream -- for better or worse. The firm has reportedly developed a 20-inch LCD "designed to increase brand awareness and attention value of products at point-of-sale locations," and is showing off the (literally) eye-popping effects at this week's InfoComm. Of course, this rendition seems to be aimed at businesses rather than consumer applications, but we'd expect to see more where this came from as the WOWvx-equipped lineup expands. The newest duo consists of a frame-mountable 20-3D2W01 (pictured above) and a more decorated 20-3D2W04 if you're wanting a bezel and stand. As expected, there's no word yet on pricing or availability, but feel free to peep another shot of the third-dimension after the break.

Continue reading Philips intros 20-inch 3D display -- no need for gaudy glasses

 

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Levi's intros shiny new cellphones

Levi's made its cellphone intentions pretty well known late last year, but it's just now following through with them, trotting out its new line of self-branded phones made with more than a little help from ModeLabs. Unfortunately, there's not a whole lot in the way of technical details at the moment, but Levi's is more than willing to talk up the phone's various style advantages, including its riveted steel casing and detachable chain. From the looks of it, you'll also be able to get the phone in your choice of five color schemes, including metallic silver, black, brown copper, "shiny silver," and "shiny sand" -- the latter two of which also come with "mirror" screens. More details should be trickling out as we near the phone's September launch date, which appears to be confined to Europe for the time being.

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Apple TV with YouTube: v1.1 update hands-on

As we heard earlier this morning, the Apple TV v1.1 update with YouTube finally went out, so naturally we had to kick the tires. It works exactly as advertised (and shown by Jobs at D), but there are a few things we discovered.
  • The update isn't available through iTunes, as you might expect -- it's either pushed out automatically directly to the ATV (it checks for updates weekly, and prompts if you want to install), or through manual update in the ATV's settings.
  • The update process took about 9 minutes to download and install. Not nearly as bad as a TiVo update, but we still wish it would have been a bit faster.
  • YouTube appears in the main dash, as expected. Users must log in with their YouTube account to rate videos, save to favorites, etc., but users who aren't logged in still get a video history.
  • Using a keyboard on the Apple TV's USB port sure would be nice for logging in, searching videos, etc. -- we tried, it's still disabled.
  • Video quality looks pretty decent, all things considered. YouTube regulars will be more than satiated.
  • It was clear not everything has converted for Apple TV yet -- Engadget's smattering of YouTube videos were nowhere to be found. For shame!
  • Unfortunately, you still can't fast forward further than the buffer has streamed, like you can with Google video.
  • Apple also added an iTunes Store menu in the settings. Apple claims it's to set your country of origin so the top music previews aren't just assumed to be for US users.
  • Other updates: parental controls setting for disabling YouTube, as well as slideshow option for screen saver.
All in all we're pretty stoked. How much of a friggin pain is it to watch YouTube videos with your friends on your TV? (Don't act like you've never tried.) If you're an Apple TV owner you'll no doubt be using this more than you'd probably like to admit.

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NVIDIA launches Tesla: GPUs are the new CPUs

We've seen a couple cautious attempts at leveraging the raw floating-point capabilities of modern high-powered graphics cards, but NVIDIA is taking the gloves off with the launch of Tesla, its new general-purpose computing platform built on the 8-series graphics cards we all know and love. According to NVIDIA, the only way to skirt the inevitable collapse of Moore's Law is to join the GPU and CPU together, so two of the three Tesla configs are in the form of workstation upgrades -- a $1,499 single GPU PCI Express card and a $7,500 dual-GPU "deskside supercomputer" that plugs into a custom PCI controller. The truly crazy can pony up a full $12,000 for NVIDIA's first rack units, the four-GPU Tesla S870, which has a peak performance of 2 Teraflops. We're hearing the card and deskside unit will be available in August and that the servers will start shipping in November or December -- perfect for the Engadget Folding@Home holiday rush.

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JVC designs tiny 4k D-ILA chip

JVC 1.27-inch 4K2K D-ILA chipJVC announced at InfoComm 2007 a 1.27-inch 4K2K D-ILA chip for use in projectors that offer up more than four times high-definition resolution. Intended initially for medical, modeling, and simulation use, the chip can produce a ten-megapixel 4096x2400 pixel image with a 20,000:1 contrast ratio. While DLP-based 4K projectors are currently in use in some digital cinemas, the JVC chip will be used in D-ILA, a variant of LCoS (Liquid Crystal on Silicon), and has a higher pixel density. Much like professional racing technologies trickle down to the average sedan on the street, the research that goes into 4K projectors can also make their way to HDTVs in the home, bringing smaller, higher-definition sets to a living room near you. We say bring on the quad-split-screen HD!

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Lessig switches from copyright to corruption

Cory Doctorow: Last week, at the International Creative Commons Summit in Dubrovnik, Croatia, Lawrence Lessig made a stunning announcement: he is going to retire from copyfighting and take up a new career, fighting for a new issue. He's going to stay involved with Creative Commons as its CEO, but from now on, he's working to fry a bigger fish: the corruption that leads countries to make bad copyright laws and other regulations, even when they know that the laws are bad for their society.

Larry has posted an expanded piece about this to his blog, explaining his decision to move on after ten years. He suggests that the open Internet and a culture of sharing and remix will make it easier to fight the bigger problem of corruption.

Lessig inspired me -- his writing and work changed my life forever, and I'm not the only one. It's amazing to see him moving on to tackle this new issue. I'm looking forward to following where he leads.

From a public policy perspective, the question of extending existing copyright terms is, as Milton Friedman put it, a "no brainer." As the Gowers Commission concluded in Britain, a government should never extend an existing copyright term. No public regarding justification could justify the extraordinary deadweight loss that such extensions impose.

Yet governments continue to push ahead with this idiot idea -- both Britain and Japan for example are considering extending existing terms. Why?

The answer is a kind of corruption of the political process. Or better, a "corruption" of the political process. I don't mean corruption in the simple sense of bribery. I mean "corruption" in the sense that the system is so queered by the influence of money that it can't even get an issue as simple and clear as term extension right. Politicians are starved for the resources concentrated interests can provide. In the US, listening to money is the only way to secure reelection. And so an economy of influence bends public policy away from sense, always to dollars.

The point of course is not new. Indeed, the fear of factions is as old as the Republic. There are thousands who are doing amazing work to make clear just how corrupt this system has become. There have been scores of solutions proposed. This is not a field lacking in good work, or in people who can do this work well.

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Tuesday, June 19, 2007

Gold farming in China makes the NYT

Cory Doctorow: Julian Dibbell, author of the stellar Play Money (a book about making real money in virtual worlds), has a great NYT feature up about the life of Chinese gold farmers (a subject I tackle in my story Anda's Game). This story keeps on getting weirder and more interesting.
At the end of each shift, Li reports the night's haul to his supervisor, and at the end of the week, he, like his nine co-workers, will be paid in full. For every 100 gold coins he gathers, Li makes 10 yuan, or about $1.25, earning an effective wage of 30 cents an hour, more or less. The boss, in turn, receives $3 or more when he sells those same coins to an online retailer, who will sell them to the final customer (an American or European player) for as much as $20. The small commercial space Li and his colleagues work in — two rooms, one for the workers and another for the supervisor — along with a rudimentary workers' dorm, a half-hour's bus ride away, are the entire physical plant of this modest $80,000-a-year business. It is estimated that there are thousands of businesses like it all over China, neither owned nor operated by the game companies from which they make their money. Collectively they employ an estimated 100,000 workers, who produce the bulk of all the goods in what has become a $1.8 billion worldwide trade in virtual items. The polite name for these operations is youxi gongzuoshi, or gaming workshops, but to gamers throughout the world, they are better known as gold farms. While the Internet has produced some strange new job descriptions over the years, it is hard to think of any more surreal than that of the Chinese gold farmer.
Link

See also: Avatars, and the carbon-based meatbags behind them (that's us)

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Samsung and Seagate finally match Hitachi with 1TB SATA disks

Months after Hitachi announced their big 3.5-inch, 1TB drive, Samsung and Seagate have finally matched that capacity by sheepishly launching their own 3Gbps SATA disks. Sammy does it all with efficiency boy, by spinning 3x 334GB platters to Hitachi's 5x 200GB platters (10 heads) or Seagate's 4 platters (8 heads) of 250GB each. That little trick should keep the weight, decibels, and power draw of their SpinPoint F1 (pictured) to a minimum. Hitachi's Deskstar 7K1000 still packs that impressive 32MB buffer which Samsung and Seagate can only aspire to with their 16MBs of respective cache. Expect both of the newcomers to be priced around $400. Cheap, but we'll be holding our wad for the inevitable head-to-head (to-head) shootout we're sure somebody is cooking up. Read -- Seagate Barracuda 7200.10 Read -- Samsung SpinPoint F1

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