LivingSocial almost Bankrupt and Pinterest Worth $2.5 Billion

Some things never cease to surprise me. Particularly when I see that one company which raised money a while ago is on the out, potentially. Their new funding, if you can call it that, destroys employee’s stock and founders stock. While another company raises a valuation that blows me away, particularly while I could not find any information regarding revenue. How quickly investors forget.

Just a few of the ramifications according to the article that LivingSocial is almost Bankrupt
living social bankrupt
Ramifications of LivingSocial’s Acceptance of The Oppressive Terms of Emergency Funding:

  • 4,000 employees’ stock is rendered worthless
  • Employees’ stock options are worthless
  • Founder stock is worthless
  • Emergency funding terms means LivingSocial handed over the company to today’s funders
  • Nearly a billion dollars of investor money has been lost, as all early rounds (Series A, B etc.) are worthless
  • … the list goes on and on

Pinterest Raises $200 Million on a $2.5 Billion Valuation
pinterest valuation
“A lot of last year was keeping up with growth [and] the big change with touch-screen devices,” said Mr. Silbermann, 30 years old. This year, “we’re building foundations to monetize.” quoted from the Wall Street Journal

Patent Holder Sues Over Facebook Like Feature

As a prior patent attorney dealing with method patents (aka process patents or loosely called software patents) this is a very interesting case to me. These are the types of patents involved with online businesses. Obviously Facebook, like any large company, may attract lawsuits due to their success. However some may have merit. This particular lawsuit against Facebook is very interesting.

Potentially Infringed Patents

There are two patents in question:

The first patent 6,289,362 is entitled System and method for generating, transferring and using an annotated universal address and patent 6,415,316 is entitled Method and apparatus for implementing a web page diary. Both list the inventor as Joannes Jozef Everardus Van Der Meer.

Lawsuit

From what I read in the BBC Article this individual has passed away. The patents were assigned to a holding company named Rembrandt Social Media. The case against Facebook was filed in the Federal Court in Virginia. This particular court is known as the Rocket Docket because after you file you can be in front of a judge, and jury, much faster than any other district. The patents were filed in 1998 and were issued in 2001 and 2002.

How to Read the Patent
Every patent has the same sections, such as the abstract and the description. The most important part is what is known as the Claims. Think of the claims as defining what is protected, much like a fence around a yard. Some claims are broader than others and therefore protect more much like a larger fence around a larger property. The patent ending in 316 discusses what they call a ‘diary’. I do not want to speculate on the case itself but as it unfolds I will provide what I find.

While most of what I have read discusses the “like” feature I am guessing there may be more features involved in this suit.

Venture Fundings for the time period Jan 21st to Jan 31st, 2013

Zettaset
Keek
Fanplayr
AppGratis
SnagFilms
Axcient
Curalate
StartWire
TelCentris
NextSpace
BillFloat
Adometry
Optoro
InternMatch
LoopMe
BuyBox
AppDynamics
iPinYou
Extole
WizIQ
FlixMaster
Distil.it

Source

Water Filtration Business

There seems to be an industry for everything. And surprisingly enough many of these industries can be quite large. As an example the water purification and filtration industry. In many countries finding water that is drinkable is not easy. Therefore finding and using portable water filters is a huge international business. Even in the United States water filtration is used in many homes. There are systems that you can use to purify your entire home’s water system or even just one particular faucet. There are also gravity based filters which do not even need to be installed or plugged in. The water is poured into the top and filters out the bottom. As an example, Berkey water filters create gravity based purification systems.

How Big is the Industry?
berkey filtersI was unable to find yearly sales figures but I have to believe it’s in the hundreds of millions if not larger. Many of these systems are probably sold by builders when installed in the homes. Many of these companies and are privately owned and do not release their sales figures. But one of the best things about any business is repeat business. While you buy the system you will still need to continuously buy new filters. Some of these filters like the Berkey filters are good for filtering 6000 gallons. That is quite impressive. So while you may not need to buy them every day you do need to buy them often. This is an excellent business model when you can continue to obtain recurring business and sales.

What can be filtered out?
Many different contaminants can be filtered out. But it depends on the filters being used. It is not the system as much as it is the filters. In many cases they call them elements. These elements can remove things such as bacteria, viruses, parasites, detergents, and all sorts of things that you would not want to put in your body. Believe it or not some of these things are in the drinking water of highly industrialized countries. So to be safe some people like to utilize these types of systems. Also you may want portable systems in case of emergency. As an example hurricanes often wipe out small cities and towns, then drinking water can be difficult to find. Portable filtration systems that do not need electricity will provide clean drinking wate. They are also useful on travel as long as they are portable and do not need to be plugged in. As you can see you can obtain pure, safe, drinking water in almost any situation with the right system.

You Can Now Fax Through Your Email

I am a big fan of using tools to help increase my productivity. My latest favorite tool is Fax through Email. This service allows you to send/receive faxes without the hassles of a bulky and expensive fax machine, simply through a web connection and email. An extremely affordable and flexible substitute for traditional fax sending.

Fax through Email
fax through emailGoDaddy charges no additional activation costs or per-fax fees for their Fax through Email product. The service is available for a nominal monthly charge and offers you an exclusive and unique fax number that allows you to send/receive fax communications to/from anyone without using a fax machine. You can use your email or a browser based interface to fax. This may be obvious to you but it is worth saying, you can use your smartphone such as an Android device, iPhone or Blackberry as well.

All incoming fax messages are sent to your inbox in a PDF format. For outgoing fax messages, you can use varied file formats like:

  • HTML files
  • PDF files
  • Microsoft Excel documents
  • Microsoft Word documents
  • Plain text
  • Rich Text
  • jpg, jpeg, gif, tiff images

The system is extremely flexible. You can send however you like to any other fax machine.

Pros
GoDaddy Fax through Email History can be monitored and managed by the user which includes account info, sent/received faxes, billing information and help. Plus, it is 100% safe & secure. User profile details, incoming/outgoing information is kept fully confidential.

  • Receive faxes from every destination in the world.
  • Send quick and convenient faxes to any place in US/Canada from email programs (upto 20MB size).
  • Customizable Cover Sheet can be created by you.
  • Email confirmations convey the delivery of fax messages.
  • You get a personal fax number that’s unique and personal.

Multiple plans available
Fax through Email is available through a Toll Free plan as well as a Standard Plan. There are many options and plans available so take a look at this list of discount codes to assure you get the best price possible. All plans can be availed in different packages. Fax through Email liberates your workspace from the restrictions of the conventional fax sending procedure and makes it smarter, more convenient and definitely quicker.

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