Wednesday, June 18, 2008

Video Makes Skype 4.0 Grow Bigger, Wider

Source: http://feeds.feedburner.com/~r/OmMalik/~3/314157977/

Updated: Skype, the peer-to-peer VoIP provider and a division of eBay, wants to grow up – both as a company and as a communications utility. To that end, it is launching the beta version of its latest Skype client software.

Josh Silverman, the company’s new CEO, acknowledged that from a usability standpoint, things hadn’t changed much, even as Skype kept adding more features such as embedding third-party plug-ins. Skype needed a better, easier and cleaner client — and Skype 4.0 beta, likely to be available for download tomorrow, is a start. 

The new client is going to cause an uproar amongst many Skype loyalists used to the IM-like nature of the current software. With this version, the software takes up the entire PC desktop screen, mostly to accommodate a growing number of features. (Skype Journal’s Jim Courtney & JKontherun tell me that you can change the screen size, though it isn’t that obvious or easy.) I found it hugely annoying as it forced me to constantly toggle between the client and the desktop; merely doubling or tripling the size of the client seems like it would have sufficed. 

The real reason for the redesign, however, is Skype Video, which desperately needed a new layout because it requires an ease-of-use that eludes the current client. As I pointed out a few weeks ago, video communication (which accounts for about 28 percent of total Skype calls) has been one of the fastest-growing features on Skype, thanks to the easy availability of built-in cameras, especially in devices used by mobile workers.

I often use Skype to conduct calls with my friends around the planet, and occasionally for work as well. As the bandwidth on our broadband connections grows, I think the idea of quick video conversations with friends, family and co-workers will catch on. In this era of rising oil prices and unfriendly skies, it makes sense to simply call someone and see them on computer screen.

But back to the software and my initial impressions (their PR team only sent me the beta download link this morning.) I think after people get over the initial shock related to the bigger size, they will quickly learn to love version 4.0.

I found the improved ability to conduct conversations by consolidating the tabs, which allows you to easily switch between various conversations, especially useful. And initiating a video call is dead simple, almost as simple as Apple's iChat client.

Skype 4.0 is a much more complete communicator, even despite its beta status. With it, using Skype for instant messaging, making video and voice calls, sending files and sending SMS messages are all easier. I think it’s well worth the download (Available for download tomorrow.) But it’s a shame they don't have a Mac client — the 4.0 version will initially only be available for Windows-based computers — since Mac is my everyday machine.

The company is also working on introducing features such as auto-redial, call transfer, and most importantly, the ability to send money. I guess they figured out how to integrate eBay's PayPal with Skype. Now wasn't that worth spending billions of dollars on?

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Vermont OKs the Creation of Virtual Corporations

Source: http://feeds.feedburner.com/~r/OmMalik/~3/314025520/

Ah Vermont, that lovely New England state known for its maple syrup, Ben & Jerry’s ice cream…and now, limited liability corporations that only exist online.

On June 6th, Gov. Jim Douglas signed an inauspicious-sounding bill entitled “H.0888, Miscellaneous Tax Documents” that could revolutionize the way startup companies are formed and run. As New York Law School professor David Johnson explained to me, up until now, U.S. law required LLCs to have physical headquarters, in-person board meetings and other regulations that have little relevance in the digital age.

No longer. Under the new law, for example, a board meeting may be conducted “in person or through the use of [an] electronic or telecommunications medium.” A “‘virtual company’ will be, as a legal matter, a Vermont limited liability company,” said Johnson. And other states are required to recognize the corporation as a legitimate LLC. So while in the past many companies registered in Delaware to take advantage of that state’s business-friendly policies, with this law, Internet-driven startups may find Vermont even more ideal.

Johnson was instrumental to crafting the bill’s language; he, along with his NYLS students and a couple of professors at Vermont Law School, spent the last two years putting it together. He foresees virtual companies launched for countless reasons, such as the production of software or publications written by people across the country, even for corporations that exist only in Second Life.

As you may have guessed, this isn’t just an academic exercise for Johnson; he’s also developing software to manage virtual corporations through NYLS’ DoTank project. Since word of the Vermont bill’s passing got out, he said, “I've had two people beg me to be the first to get on the list" to start filing virtual incorporation papers. Indeed, it’s easy to see this becoming standard practice in coming years, with traditional office buildings being abandoned for dynamic companies that exist wherever its employees happen to crack open their computers.

Image credit: Vermont.gov

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Is LinkedIn Worth $1 Billion?

Source: http://feeds.feedburner.com/~r/OmMalik/~3/314376977/

LinkedIn Worth $1 billion?
  • I think so
  • It is seriously overvalued
  • I don't care either way.

 The big news tonight is business social network LinkedIn raised $53 million in Series D funding at a valuation of $1 billion. The new round is led by Bain Capital (the same genius investors who also funded Vonage) brings the total money raised by the company to about $80 million. I wasn’t going to write about this, given everyone had already jumped on the story.

Anyway the valuation of $1 billion -not as insane as the valuation placed by Microsoft on Facebook - was jaw dropping. Sure, LinkedIn has more value than plain vanilla me-too social networks but is it really worth a billion dollars? I ended up doing some back-of-the-envelope calculations while watching Boston Celtics celebrate their 17th NBA Championships.

The question of over-valuation had first popped up when I read about this round in May 2008 on Venturebeat . Techcrunch then reported that Allen & Co, the New York bank was helping Reid Hoffman’s company raise fresh capital at the $1 billion valuation.

So I decided to do a back-of-the-envelope comparison with XING with some of the publicly available data on XING, a European Social Network that is publicly traded in Frankfurt. It is a pretty good proxy for a business-focused social network, such as LinkedIn.

It has a market capitalization of about $300 million. It has has 5.71 million subscribers. XING had revenues of around $11.6 million at the end of first quarter 2008; about 70 cents per month per subscriber. That works out to about $52.30 per subscriber. For sake of comparison, Facebook’s reported $15 billion valuation works out to $125 per subscriber.

If you use those numbers, then LinkedIn’s rumored 20 million users are worth $1.04 billion. The company is adding about 1.3 million new subscribers a month, so by those estimates it should end the year at around 29 million subscribers. USA Today reported that LinkedIn was on target to do between $75-to-$100 million in revenues this year. Lets be generous and assume that they indeed do $100 million that works out to about 29 cents per month per subscriber (assuming that the number of subscribers at the end of the year is about 29 million.)

My back-of-the-envelope calculations show that if your user the value per subscriber of then LinkedIn’s $1 billion got a market valuation. On per-subscriber revenue basis, LinkedIn seems a tad overvalued, especially considering that their traffic is range bound, and the number of active uniques is showing a slight slump.

What do you guys think?

Update: Connie Loizos of PE Hub is spot on in saying that this video of LinkedIn VCs self-congratulating themselves made her cringe. Me to Connie.

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Optoma To Launch "World's First" Pico Projector in 2008 [Pico]

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/314617808/optoma-to-launch-worlds-first-pico-projector-in-2008

Optoma is winning the race to build the world's first pico-projector, the near-mythical mini projector that can throw up a display much larger than the source device's—think iPods, digital cameras and smartphones—screen. Optoma's pico will use the DLP chipset, support composite video quality and run on Li-ion batteries. The projector will make it to market later this year in Europe and Asia, before coming stateside in 2009. No word on pricing, press release after the jump. [Optoma]

Optoma Introduces World's First Pico Handheld Projector
Based on Texas Instruments' DLP Pico® Chipset, Features Sleek Design and Extreme Portability

LAS VEGAS, NV (June 18, 2008) – Optoma, a leading manufacturer of award-winning digital projection and display devices, introduces the first Pico projector based on the DLP Pico chipset. Smaller than most smart phones, this new micro-portable projector fits in your palm and is the ideal companion to ultra-portable media devices such as iPods®, PDA's, smart phones and digital cameras.

When connected to an ultra-mobile device, the four-ounce Optoma Pico Projector allows users to share photos and videos, and enjoy a far better visual experience with an image that is up to 100 times larger than the small screen of the source device.

"The Pico Projector is the next step in sharing visual media for today's ultra-mobile consumers. Fitting in your shirt pocket, the Pico Projector can display pictures, videos or any content from a mobile media player or smart phone" says Jon Grodem, director of Product Management for Optoma. "Optoma's Pico breaks free from the limitations of the 2 or 3 inch displays found on today's mobile devices. This category defining projector creates a ne! w benchm ark for sharing content-on-the-go."

Optoma's Pico Projector utilizes the latest LED technology resulting in a colorful and vivid image. The small and powerful unit is based upon DLP technology assuring the highest possible contrast.

"The handheld Pico projector represents the latest advancement in the mobile device display industry. We view the Pico projector as a completely new and exciting market – one which dramatically expands the reach and potential of projection products into new end user applications," says Dr. William Coggshall, founder and president of Pacific Media Associates.

The product will be first shown at Texas Instrument's InfoComm 2008 booth C909 and will be available in limited distribution in Europe and Asia in late 2008, with a worldwide launch in 2009.



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Verizon Plans to Expand FiOS to the Boonies By Using Less Fiber (¡Que!) [Verizon Fios]

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/314699856/verizon-plans-to-expand-fios-to-the-boonies-by-using-less-fiber-que

PC Mag is reporting that Verizon is looking at a couple different ways to spread the good word of FiOS beyond the projected 18 million homes it'll reach in 2010, maybe by using less, um, fiber after that, according to tech chief Mark Wegleitner.

Right now, Verizon's FiOS network is built fiber-to-the-premises (FTTP), which means it's fiber all the way to your door, a fact it mercilessly (and rightly) lords over cable and AT&T's U-Verse. U-Verse is built as fiber to the node, where it's fiber to a box you share with your neighbors and connect to via copper or coax. It's slower than FiOS. But, FTTP buildout is really, really expensive—Verizon's spent $20 billion already, way more than AT&T.

And spending even more to build fiber out to sparely populated areas doesn't make much economic sense, even if it is cheaper than expected. (As much as we all want our own personal fiber line.) So, they're leaking for a cheaper alternative, "another approach to FTTP," in Wegleitner's words. That's all well and good, as long as it's still fiber to my door. (Soon, please?) [PC Mag]



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