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	<title>BoomTown &#187; Web 1.0</title>
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		  <title>All Things Digital</title>
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		<title>AOL to Spin Off Dec. 9, Begin Trading Dec. 10 (Plus Full Press Release)</title>
		<link>http://kara.allthingsd.com/20091116/aol-to-spin-off-december-9-begin-trading-december-10/</link>
		<comments>http://kara.allthingsd.com/20091116/aol-to-spin-off-december-9-begin-trading-december-10/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 00:01:57 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[AMER]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[AOL WI]]></category>
		<category><![CDATA[cash payment]]></category>
		<category><![CDATA[common stock]]></category>
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		<category><![CDATA[Form 10]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[Information Statement]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[New York Stock Exchange]]></category>
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		<category><![CDATA[open market]]></category>
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		<category><![CDATA[Separation and Distribution Agreement]]></category>
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		<category><![CDATA[Tim Armstrong]]></category>
		<category><![CDATA[Time Warner]]></category>
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		<category><![CDATA[when issued]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=20661</guid>
		<description><![CDATA[AOL will officially be spun off from Time Warner on Dec. 9, with trading to begin the next day.

Shareholders of record at 5 pm ET on Nov. 27 will get one share of AOL for every 11 shares of Time Warner on the day of the long-expected spinoff of the Internet service.

AOL will trade on the New York Stock Exchange as "AOL," just like the old days. Unlike the old days: Time Warner has given the company an implied valuation of a little more than $3 billion.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/11/aol-time-warner.jpg"><img class="alignright size-medium wp-image-20673" title="AOL splits from Time Warner" src="http://kara.allthingsd.com/files/2009/11/aol-time-warner-250x178.jpg" alt="AOL splits from Time Warner" width="250" height="178" /></a></p>
<p>AOL will officially be spun off from Time Warner on Dec. 9, with trading to begin the next day.</p>
<p>Shareholders of record at 5 pm ET on Nov. 27 will get one share of AOL for every 11 shares of Time Warner (TWX) on the day of the long-expected spinoff of the Internet service.</p>
<p>At Time Warner&#8217;s current market cap of $38 billion, <a href="http://www.businessinsider.com/henry-blodget-aol-spinoff-valuation-is-only-35-billion-2009-11">that gives AOL an implied value of $3.2 billion</a>&#8211;a fraction of Google&#8217;s (GOOG) $20 billion valuation of the portal in 2005, when it invested $1 billion in the property. And it&#8217;s even lower than the <a href="http://mediamemo.allthingsd.com/20090122/google-aol-is-worth-55-billion/">$5.5 billion valuation Google gave the company last January,</a> when it wrote down its investment.</p>
<p>AOL will trade on the New York Stock Exchange as &#8220;AOL.&#8221;</p>
<p>Ironically, before it merged with Time Warner at the dawn of the new century, AOL previously traded on the NYSE.</p>
<p>AOL went public on Nasdaq on March 19, 1992, under the ticker &#8220;AMER,&#8221; and moved to the NYSE on Sept. 16, 1996 trading as &#8220;AOL.&#8221;</p>
<p>(Fun fact: BoomTown actually attended both the fancy dinner the night before AOL moved to the NYSE from Nasdaq and the AOL party on Wall Street the next day.)</p>
<p>If you want to get really technical, AOL common stock will begin trading on a “when-issued” basis&#8211;you really don&#8217;t want to know the confusing regulatory details of why&#8211;on the NYSE under the symbol &#8220;AOL WI&#8221; beginning on Nov. 24, 2009.</p>
<p>On Dec. 10, when-issued trading of AOL common stock will end and &#8220;regular-way&#8221; trading under the symbol &#8220;AOL&#8221; will begin.</p>
<p>After that, it will be up to CEO Tim Armstrong to make the long-suffering AOL into the little Internet company that could.</p>
<p>The separation of AOL and Time Warner is also symbolic, dismantling the most potent symbol of Web 1.0, when AOL essentially got control of the media giant, only to see the merger crash in disaster.</p>
<p>If at first you don&#8217;t succeed&#8230;</p>
<p>Here&#8217;s the <a href="http://ir.timewarner.com/phoenix.zhtml?c=70972&amp;p=irol-newsArticle&amp;ID=1355991&amp;highlight=">full Time Warner press release</a> on the transaction:</p>
<blockquote class="memo"><p><strong>Time Warner Declares Spin-off Dividend of AOL Shares</strong></p>
<p><strong>Record and Distribution Dates and Final Distribution Ratio Announced</strong></p>
<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;Nov. 16, 2009&#8211;Time Warner Inc. (NYSE:TWX) and AOL Inc. today announced the timing and details regarding the spin-off of AOL from Time Warner.</p>
<p>The Time Warner board of directors has approved the final distribution ratio and declared a pro rata dividend of the shares of AOL common stock owned by Time Warner that will result in the complete legal and structural separation of the two companies.</p>
<p>On the distribution date of December 9, 2009, Time Warner stockholders of record as of 5 p.m. on November 27, 2009, the record date for the distribution, will receive one share of AOL common stock for every eleven shares of Time Warner common stock they hold.</p>
<p>Fractional shares of AOL common stock will not be distributed to Time Warner stockholders. Instead, the fractional shares of AOL common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in the form of cash payments to Time Warner stockholders who would otherwise be entitled to receive a fractional share of AOL common stock.</p>
<p>No action or payment is required by Time Warner stockholders to receive the shares of AOL common stock. Stockholders who hold Time Warner common stock on the record date will receive a book-entry account statement reflecting their ownership of AOL common stock or their brokerage account will be credited with the AOL shares. An Information Statement containing details regarding the distribution of the AOL common stock and AOL’s business and management following the AOL spin-off will be mailed to Time Warner stockholders prior to the distribution date.</p>
<p>The AOL spin-off has been structured to qualify as a tax-free dividend to Time Warner stockholders for U.S. federal income tax purposes. Cash received in lieu of fractional shares, however, will be taxable. Time Warner stockholders are urged to consult with their tax advisors with respect to the U.S. federal, state, local and foreign tax consequences of the AOL spin-off.</p>
<p>Shares of Time Warner common stock will continue to trade “regular way” on the New York Stock Exchange (“NYSE”) under the symbol “TWX” through the distribution date of December 9, 2009, and thereafter. Any holders of shares of Time Warner common stock who sell Time Warner shares regular way on or before December 9, 2009, will also be selling their right to receive shares of AOL common stock. Investors are encouraged to consult with their financial advisers regarding the specific implications of buying or selling Time Warner common stock on or before the distribution date.</p>
<p>AOL common stock will begin trading on a “when-issued” basis on the NYSE under the symbol “AOL WI” beginning on November 24, 2009. On December 10, 2009, when-issued trading of AOL common stock will end and “regular-way” trading under the symbol “AOL” will begin. The CUSIP number for the AOL common stock will be 00184X 105 when regular-way trading begins.</p>
<p>Time Warner and AOL have entered into a Separation and Distribution Agreement and several other agreements related to the AOL spin-off. The completion of the AOL spin-off is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for the AOL common stock being declared effective by the Securities and Exchange Commission (“SEC”), the AOL common stock being authorized for listing on the NYSE and certain other conditions described in the Information Statement included in the Form 10 and in the agreements filed as exhibits to the Form 10. The condition relating to the authorization of the AOL common stock for listing on the NYSE has been satisfied, and today AOL sent a letter to the SEC requesting that the Form 10 be declared effective. Time Warner and AOL expect all other conditions to the AOL spin-off to be satisfied on or before the distribution date.</p></blockquote>
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		<title>Silicon Valley Entrepreneur (and Google Exec) Joe Kraus Moves to Google Ventures</title>
		<link>http://kara.allthingsd.com/20091103/silicon-valley-entrepreneur-and-google-exec-joe-kraus-moves-to-google-ventures/</link>
		<comments>http://kara.allthingsd.com/20091103/silicon-valley-entrepreneur-and-google-exec-joe-kraus-moves-to-google-ventures/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 13:14:31 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[arrivals departures feature]]></category>
		<category><![CDATA[Bill Maris]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Excite]]></category>
		<category><![CDATA[Google Ventures]]></category>
		<category><![CDATA[Joe Kraus]]></category>
		<category><![CDATA[JotSpot]]></category>
		<category><![CDATA[OpenSocial]]></category>
		<category><![CDATA[portal]]></category>
		<category><![CDATA[Rich Miner]]></category>
		<category><![CDATA[start-up]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[venture]]></category>
		<category><![CDATA[Web 1.0]]></category>
		<category><![CDATA[Web 2.0]]></category>
		<category><![CDATA[wiki]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=20148</guid>
		<description><![CDATA[Joe Kraus--the longtime Silicon Valley entrepreneur who sold his most recent start-up, JotSpot, to Google in 2006 and has been a director of product management since--has moved to its Google Ventures unit as a partner, said several sources.

Sources added that Kraus is likely to be the first of several well-known appointments at the relatively new venture arm of the search giant.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/11/joe_kraus.jpg"><img src="http://kara.allthingsd.com/files/2009/11/joe_kraus-250x192.jpg" alt="joe_kraus" title="joe_kraus" width="250" height="192" class="alignright size-medium wp-image-20165" /></a></p>
<p>Joe Kraus&#8211;the longtime Silicon Valley entrepreneur who sold his most recent start-up, JotSpot, to Google in 2006 and has been a director of product management since&#8211;has moved to its <a href="http://www.google.com/ventures/">Google Ventures</a> unit as a partner, said several sources.</p>
<p>Sources added that Kraus (pictured above) is likely to be the first of several well-known appointments at the relatively new venture arm of the search giant.</p>
<p>Google (GOOG) <a href="http://digitaldaily.allthingsd.com/20090331/googles-mission-to-organize-the-worlds-start-ups-and-make-them-universally-acquirable/">announced its VC play in March</a> and said the fund will invest $100 million in &#8220;exceptional&#8221; start-ups over the next year. </p>
<p>&#8220;We’ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we haven&#8217;t thought of yet,&#8221; Managing Partners Rich Miner and Bill Maris explained in a blog post when Google Ventures debuted. &#8220;Central to our effort will be our fellow Googlers, whom we view as a critically important resource to help educate us about potential investments areas and evaluate specific companies.&#8221;</p>
<p>Well, that now apparently means Kraus, a serial entrepreneur who co-founded the Web 1.0-era Excite portal and, in Web 2.0, JotSpot, which made wiki-style software for online collaboration.</p>
<p>Currently, only Miner and Maris are listed on the <a href="http://www.google.com/ventures/bios.html">bios page</a> of Google Venture&#8217;s online site.</p>
<p>Since the acquisition, Kraus has been leading Google&#8217;s OpenSocial efforts to develop standards for social networking platforms.</p>
<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
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		<title>Yahoo's Yodel Anecdotal Blogger Will Not Be Yodeling Anymore</title>
		<link>http://kara.allthingsd.com/20091030/yahoos-yodel-anecdotal-blogger-will-not-be-yodeling-anymore/</link>
		<comments>http://kara.allthingsd.com/20091030/yahoos-yodel-anecdotal-blogger-will-not-be-yodeling-anymore/#comments</comments>
		<pubDate>Sat, 31 Oct 2009 06:49:03 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[arrivals departures feature]]></category>
		<category><![CDATA[blog]]></category>
		<category><![CDATA[dance]]></category>
		<category><![CDATA[Matt Harding]]></category>
		<category><![CDATA[memo]]></category>
		<category><![CDATA[Nicki Dugan]]></category>
		<category><![CDATA[PR]]></category>
		<category><![CDATA[public relations]]></category>
		<category><![CDATA[Web 1.0]]></category>
		<category><![CDATA[Yodel Anecdotal]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=20090</guid>
		<description><![CDATA[While Nicki Dugan (pictured here) was not one of the top execs at Yahoo, she certainly is typical of many at the company who stuck with it through many ups and downs.

No longer, according to a memo BoomTown obtained, since the longtime PR staffer--who has been at Yahoo for almost a decade and who was previously with an outside public relations firm that worked for Yahoo--will leave the company Monday.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/10/Dugan.jpg"><img src="http://kara.allthingsd.com/files/2009/10/Dugan.jpg" alt="Dugan" title="Dugan" width="150" height="195" class="alignright size-full wp-image-20091" /></a></p>
<p>While Nicki Dugan (pictured here) was not one of the top execs at Yahoo, she certainly is typical of many at the company who stuck with it through many ups and downs.</p>
<p>No longer, according to a memo BoomTown obtained from several sources, since the longtime PR staffer&#8211;who has been at Yahoo (YHOO) for almost a decade and who was previously with an outside public relations firm that worked for Yahoo&#8211;will leave the company Monday. </p>
<p>Dugan has a high-profile role at Yahoo, running its <a href="http://ycorpblog.com/">Yodel Anecdotal</a> corporate blog and penning most of the pieces on it. </p>
<p>It&#8217;s not clear from the memo where Dugan is headed, though the memo is full of interesting &#8220;moments&#8221; she had while at Yahoo and includes some nice historical details (including a scoop I had from Web 1.0 that I had long forgotten).</p>
<p>Here&#8217;s the email she sent to colleagues:</p>
<blockquote class="memo"><p>From: Nicki Dugan<br />
To: XXX<br />
Cc: Nicki Dugan<br />
Sent: Thu Oct 29 16:35:22 2009<br />
Subject: Fare thee well </p>
<p>Hiya:</p>
<p>After almost exactly 9.5 years, 10 Oktoberfest mugs, 9 founder holiday gifts, 4 cube moves, and 76 daily miles, I&#8217;ve decided to hang up my purple badge. Saying goodbye to Yahoo!&#8211;and all of you&#8211;is no easy task. It&#8217;s a rare place that can capture your heart and soul and hang onto it for about a quarter of your life. What’s made Yahoo! so special? I thought I&#8217;d rattle off some of my favorite moments:</p>
<p>* Jerry asking me (on my first day) if the PR team really needed another person</p>
<p>* Filo’s all-worldwide “get back to work” Yahoo! Greeting during my first week</p>
<p>* Yahoo! Surfers. Full stop.</p>
<p>* Risking life and limb to cross the street for a meeting when our HQ was on Kifer Road in Santa Clara</p>
<p>* My first earthquake, experienced working on a Saturday in Building D</p>
<p>* When our various business units were called &#8220;pods&#8221; (communications, communities, commerce, content)</p>
<p>* Our former general counsel propping his cowboy boots up on the conference table during a USA Today interview</p>
<p>* When Jerry and David taught Madeleine Albright how to surf the Web</p>
<p>* When In &#038; Out Burger trucks provided meals during summer picnics</p>
<p>* Launching the world’s first Internet taxi</p>
<p>* When NASDAQ halted YHOO trading after Jim Hu and Kara Swisher caught wind of our Broadcast.com acquisition</p>
<p>* &#8220;Sleeping&#8221; under my desk the night before Analyst Day 2001 as lawyers and the deal team haggled sentence structure with SBC in our joint release</p>
<p>* When the cow from our lobby attracted Mennonites at NYC’s South Street Seaport</p>
<p>* Terry Semel doing earnings calls in his socks</p>
<p>* Being the stage photographer for Beck at Open Hack Day 2006</p>
<p>* Getting Jerry &#038; David to sumo wrestle in the name of fighting climate change (http://bit.ly/2NIjkO)</p>
<p>* Tom Cruise recreating the Oprah coach moment during his Yahoo! Influentials visit</p>
<p>* Convincing Matt Dillon that our contract trumped his hangover at the Greenest City in America press conference in Times Square</p>
<p>* Flying to Burbank via a NetJet with every C-level Yahoo! executive for the Overture acquisition</p>
<p>* When Sue Decker rode into an all-hands at URLs on a Harley Davidson</p>
<p>* Meeting Al Gore at a private &#8220;An Inconvenient Truth&#8221; screening with the Yahoo! For Good team</p>
<p>* Breaking the world record for largest simultaneous yodel&#8230;and getting ordinary Americans to yodel their hearts out in NYC, SF and Seattle for the Yodel Challenge and Yodel Studio</p>
<p>* Watching mobs of Yahoo! users line up outside Baskin-Robbins stores across the country for free ice cream on our 10th anniversary</p>
<p>* Having Michael Arrington leave the third comment on Yodel Anecdotal when we launched (and a positive one at that!) (http://bit.ly/1Lvzrx)</p>
<p>* The emotional weekend spent at Skadden as we prepared to announce Terry’s resignation</p>
<p>* Learning how to play Faceball at Flickr HQ (http://bit.ly/4mdJ24)</p>
<p>* Getting Blake Jorgensen to pull off the best April Fool’s video&#8230; Evar</p>
<p>* Stuffing cotton into Filo’s cheeks for his cinematic debut as Don Corleone in Ari’s tech team video</p>
<p>* Asking Ash to dress in an orange jumpsuit to pick up trash in Filo&#8217;s cube (I&#8217;ve clearly abused Filo extensively)</p>
<p>* Dressing in black and leaving rubber duckies all over Google’s campus at dawn (10K+ photo views! http://bit.ly/vX8hA)</p>
<p>* Convincing 33 Yahoo! teams to dance with Matt “Where the Hell is Matt?&#8221; Harding all over our HQ during the Summer of Microsoft (http://bit.ly/929hT)</p>
<p>* Getting the Food Network to produce a &#8220;Dinner: Impossible&#8221; episode for Yahoo!’s Search’s anniversary and watching Chef Robert Irvine abuse Tuoc and Raj in the kitchen (http://bit.ly/291zsB)</p>
<p>* Carol&#8217;s first all-hands F-bomb</p>
<p>We played hard, worked harder, and drank copious amounts of purple Koolaid. And I’ll probably never quite get it out of my system. Working here through so many of Yahoo!’s phases has been a once-in-a-lifetime opportunity. I’m so grateful for the memories and friendships built over these many years. I look forward to watching the &#8216;hoo from afar. </p>
<p>If we don’t connect on Monday for a final farewell, please keep in touch. Employee #370 (adjusted hire), over and out. </p>
<p>&#8211;Nicki</p></blockquote>
<p>Here&#8217;s a link to one of my favorite blogs by Dugan, which she referenced above, on <a href="http://ycorpblog.com/2008/08/04/and-now-we-dance/">dancer Matt Harding</a>, with a video below she did by dragging him to do jigs all over Yahoo: </p>
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		<title>Exclusive: CBS Digital CEO Smith to Leave to Start a Silicon Valley Advisory Firm (First Customer? CBS)</title>
		<link>http://kara.allthingsd.com/20091028/exclusive-cbs-digital-ceo-smith-to-leave-to-start-a-silicon-valley-advisory-firm-first-customer-cbs/</link>
		<comments>http://kara.allthingsd.com/20091028/exclusive-cbs-digital-ceo-smith-to-leave-to-start-a-silicon-valley-advisory-firm-first-customer-cbs/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 17:00:25 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=20009</guid>
		<description><![CDATA[Quincy Smith, the high-profile CEO of CBS Interactive, is planning on leaving his job at the media giant in January to start an advisory firm in Silicon Valley, according to several sources.

But, in an interesting twist, Smith will remain an adviser to CBS under a multiyear contract, sources added, making it his first client. Apparently, Smith will focus intently on authentication issues for the company.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/10/quincy-smith.jpg"><img src="http://kara.allthingsd.com/files/2009/10/quincy-smith.jpg" alt="quincy-smith" title="quincy-smith" width="244" height="183" class="alignright size-full wp-image-20011" /></a></p>
<p>Quincy Smith, the high-profile <a href="http://www.cbsnews.com/stories/2006/11/17/utility/main2194068.shtml">CEO of CBS Interactive</a>, is planning on leaving his job at the media giant in January to start an advisory firm in Silicon Valley, according to several sources.</p>
<p>But, in an interesting twist, Smith (pictured here) will remain an adviser to CBS (CBS) under a multiyear contract, sources added, making it his first client.</p>
<p><strong>UPDATE:</strong> CBS confirmed the move BoomTown earlier reported, in a press release below.</p>
<p>Apparently, Smith will focus intently on video monetization, authentication and other digital issues for the company. CBS is calling it a &#8220;transition to a new role,&#8221; in its official statement.</p>
<p>CBS Interactive President Neil Ashe will take over Smith&#8217;s duties, but without the CEO title, which was a relatively new one for Smith.</p>
<p>CBS is television&#8217;s most popular network again this season and its interactive properties are among the top ten in aggregate in both traffic and video.</p>
<p>&#8220;I&#8217;m very pleased to extend our relationship with Quincy, who is one of the finest minds working in Interactive media today,&#8221; said Leslie Moonves, president and CEO of CBS Corporation, in a statement. &#8220;Quincy helped put CBS Interactive on the map and we are now a Top 10 presence in premium content.&#8221;</p>
<p>Said Smith: &#8220;It&#8217;s a huge honor to count CBS as my first client. In three years, this company has grown its Interactive profile immeasurably, and yet there is so much more to be done. I love CBS and its people and I look forward to working closely with them to help CBS become the premier video content company, regardless of platform or screen.&#8221;</p>
<p><a href="http://mediamemo.allthingsd.com/20090511/cbs-digital-boss-quincy-smith-plans-his-next-deal-his-own-ma-shop/">MediaMemo&#8217;s Peter Kafka wrote in May</a> about the possibility of Smith departing CBS, where he has worked since late 2006. </p>
<p>As Kafka wrote, Smith has long wanted to start a new media consultancy and has also wanted to return to Silicon Valley. </p>
<p>In fact, the man BoomTown has dubbed the &#8220;Energizer Bunny of the Web&#8221; was an early employee at Netscape Communications in the Web 1.0 heyday, tried his hand at venture capital and worked on tech deals for media banking firm Allen &#038; Co.</p>
<p>At CBS during the Web 2.0 era, Smith has been aggressively guiding the company into a series of transactions, including the $280 million acquisition of Last.fm in 2007 and the $1.8 billion purchase of CNET last year.</p>
<p>Smith has also been involved with digital issues related to CBS&#8217;s strong television assets. He has championed&#8211;unlike other media giants&#8211;widely distributing CBS content online and keeping control of its advertising sales. </p>
<p>People close to Smith say he often talks of trying to emulate Dan Case, the late brother of AOL founder Steve Case and the former CEO of Hambrecht &#038; Quist, one of the more influential among Silicon Valley investment banks during the first Web boom.</p>
<p>Sources said that the time has now come and that the move is expected to be announced very soon. </p>
<p>It is also likely that Smith&#8217;s top business development exec at CBS, Mike Marquez, will also leave to join him at the still unnamed firm.</p>
<p>BoomTown suggestion for a name: <em>Q 3.0</em>.</p>
<p>Here&#8217;s Smith in a cameo for a <a href="http://kara.allthingsd.com/20070523/ready-for-his-close-up-quincy-smith-on-wallstrip/">video spoof after he paid $5 million for Wallstrip</a>, the funny business video site which has since been severely sidelined:</p>
<p><embed wmode="transparent" src="http://blip.tv/scripts/flash/blipplayer.swf?autoStart=false&#038;file=http://blip.tv/file/get/Wallstrip-WallstripWallstripcomLLC877.flv%3Fsource%3D10" quality="high" width="380" height="313" name="movie" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer"></embed>		</p>
<blockquote class="memo"><p><strong>QUINCY SMITH SIGNS MULTI-YEAR ADVISORY AGREEMENT WITH CBS CORPORATION</p>
<p>CEO of CBS Interactive to Depart in January 2010 but Will Continue Working with Company on Video Content Monetization, Among Other Projects</strong></p>
<p>CBS Corporation announced today that Quincy Smith, Chief Executive Officer of its CBS Interactive division, will transition to a new role with the company beginning January 2010 as he starts an independent advisory business. In this new role, Smith will advise CBS on strategies and opportunities for growth across the Company’s interactive businesses. Smith, who had led CBS Interactive since November 2006, will remain with CBS Corporation as the division’s CEO through the end of 2009.  Neil Ashe will continue as President of the division.</p>
<p>Smith will continue to be closely involved in CBS’s initiatives related to next-generation monetization of video, including oversight of the Company’s effort to explore authentication as a new, additive method of distribution. He will also advise on partnering with technology companies to expand CBS’s interactive presence, as well as explore new growth opportunities related to content, services and applications.</p>
<p>&#8220;I&#8217;m very pleased to extend our relationship with Quincy, who is one of the finest minds working in Interactive media today,&#8221; said Leslie Moonves, President and CEO of CBS Corporation. &#8220;Quincy helped put CBS Interactive on the map and we are now a Top 10 presence in premium content. His entrepreneurial spirit and his passion for the business have helped this Company attract some of the most creative minds working in digital media. I know he will continue to be successful in all he&#8217;s yet to do, and we&#8217;re very happy to have Quincy working with us in this new role at CBS.&#8221;</p>
<p>&#8220;It&#8217;s a huge honor to count CBS as my first client,&#8221; said Smith. &#8220;In three years, this company has grown its Interactive profile immeasurably, and yet there is so much more to be done. I love CBS and its people and I look forward to working closely with them to help CBS become the premier video content company, regardless of platform or screen. I especially want to thank Leslie for his leadership and counsel, and for giving me this opportunity to continue working with CBS.&#8221;</p>
<p>Smith came to CBS Interactive in 2006, and in three years helped build a division that has become a top ten property in terms of worldwide visitors and video views. CBS&#8217;s acquisition of CNET in 2008 added industry-leading Web sites like CNET.com, GameSpot, TV.com, chow.com and BNET.com to a portfolio that had already included top ranking properties like cbs.com, cbssports.com and last.fm. Today, CBS Interactive sites span nearly every category of premium content on the Web, across news, sports and entertainment.</p>
<p>Previously, Smith was an executive with Allen &#038; Company, where he was involved with multiple transactions and advised companies such as Comcast, Google and CBS. Prior to Allen &#038; Company, Smith was a Founding Partner of The Barksdale Group, a venture capital firm. Previously, Smith spent five years at Netscape where he ran Investor Relations and Corporate Development and played a role in over 20 joint ventures, investments and acquisitions including Netscape&#8217;s ultimate sale to AOL. Prior to that, Smith was an investment banker for Morgan Stanley.</p></blockquote>
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		<title>New VC Marc Andreessen Speaks About Going to the "Dark Side" and More!</title>
		<link>http://kara.allthingsd.com/20090705/new-vc-marc-andreessen-speaks-about-the-dark-side-and-more/</link>
		<comments>http://kara.allthingsd.com/20090705/new-vc-marc-andreessen-speaks-about-the-dark-side-and-more/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 04:00:22 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=15407</guid>
		<description><![CDATA[It's finally official: Marc Andreessen has crossed over to what he once called "the dark side" and is now a venture capitalist.

Several weeks ago, BoomTown broke the news that the Silicon Valley legend and serial entrepreneur and his longtime investing partner, Ben Horowitz, had completed the raising of $300 million for a new venture fund.

And, indeed, the new firm--which is made up of just the two--is now launched and called Andreessen Horowitz. 

Of course, I had done a video interview with Andreessen with my Flip.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/02/296211136_2d8651f9be.jpg"><img src="http://kara.allthingsd.com/files/2009/02/296211136_2d8651f9be-199x300.jpg" alt="296211136_2d8651f9be" title="296211136_2d8651f9be" width="199" height="300" class="alignright size-medium wp-image-10058" /></a></p>
<p>It&#8217;s finally official: Marc Andreessen has crossed over to what he once called &#8220;the dark side&#8221; and is now a venture capitalist.</p>
<p>Several weeks ago, <a href="http://kara.allthingsd.com/20090612/andreessen-completes-raising-dough-for-his-300-million-venture-fund-let-the-investing-begin">BoomTown broke the news that the Silicon Valley legend and serial entrepreneur</a> (pictured here) and his longtime investing partner, Ben Horowitz, had completed the raising of $300 million for a new venture fund.</p>
<p>And, indeed, the new firm&#8211;which is made up of just the two of them&#8211;is now launched and called Andreessen Horowitz. It has $50 million over the $250 million the pair had initially planned.</p>
<p>In an interview with me last week, Andreessen said that unlike many VC firms, Andreessen Horowitz will invest in companies at any stage of life&#8211;from early stage to late&#8211;and of any size and in any kind of digital sector.</p>
<p>That will mean about 60 to 80 seed investments, 15 that need following rounds and two to three late-stage companies.</p>
<p>In addition, the firm is able to take large equity stakes in public companies.</p>
<p>&#8220;We are unafraid of investing in 400 people instead of 40 people,&#8221; said Andreessen. &#8220;And we could invest $50,000 to $50,000,000.&#8221;</p>
<p>He noted the new firm would aim for areas the founders were more familiar with, such as the consumer Internet and mobile. </p>
<p>One certainty, though, was that the firm would focus on companies led by tech-savvy founders. </p>
<p>&#8220;We believe in entrepreneurs and those who live and breathe the tech product that they have created,&#8221; said Andreessen.</p>
<p>Andreessen said several major institutional investors&#8211;universities, for example&#8211;have invested large chunks in the fund, while a spate of tech luminaries has put in smaller amounts.</p>
<p>The quick completion of the fund raising, in the midst of a national econalypse, is a good sign. But the reputation of both longtime entrepreneurs seems to have helped.</p>
<p>Andreessen co-founded Netscape&#8211;the iconic browser company that was key to introducing the modern Internet to consumers in Web 1.0&#8211;and a lot of other start-ups.</p>
<p>He has also morphed into a mentor to many Web 2.0 entrepreneurs.</p>
<p>Andreessen made news when he <a href="http://kara.allthingsd.com/20090220/marc-andreessens-new-venture-fund-project-a">announced on the &#8220;Charlie Rose&#8221; television show in February</a> that he was creating the new fund.</p>
<p>&#8220;For the first time in my life, I am crossing over into the dark side,” said Andreessen at the time, in a joke about VCs being like Darth Vader.</p>
<p>Andreessen said he was essentially professionalizing the active angel investing that he and Horowitz had been doing.</p>
<p>Over the last several years, either together or apart, the pair have invested in a large variety of start-ups, such as Twitter, Aliph, Digg, LinkedIn and many more.</p>
<p>Andreessen is on the board of Facebook and an adviser to Twitter too.</p>
<p>Now, as a VC, he is upping the ante. &#8220;It&#8217;s important to have more capital,&#8221; he said. &#8220;Sometimes having a huge checkbook is a great thing.&#8221;</p>
<p>But, more important, he said, was to develop a knack for investing in successful companies with a fearlessness he said he learned from well-known VC John Doerr.</p>
<p>&#8220;John is always swinging for the fences,&#8221; said Andreessen. &#8220;I want to get into a cycle of backing radical ideas.&#8221;</p>
<p>Here&#8217;s a video interview I did with Andreessen about his new venture firm:</p>
<div class="video-wsj"><object width="380" height="216"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=3223E9AD-75C9-4587-AB23-BDD56DAFD7C1&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={3223E9AD-75C9-4587-AB23-BDD56DAFD7C1}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="380" height="216" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object>
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		<title>Back to the Future: AOL Goes Local With Two Acquisitions (Including CEO's Company)</title>
		<link>http://kara.allthingsd.com/20090611/back-to-the-future-aol-adds-local-with-two-acquisitions-including-ceos-start-up/</link>
		<comments>http://kara.allthingsd.com/20090611/back-to-the-future-aol-adds-local-with-two-acquisitions-including-ceos-start-up/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 16:29:55 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=14400</guid>
		<description><![CDATA[Adding the final leg of its new strategy to reinvigorate AOL, the Time Warner online unit said it was buying two small local start-ups, Patch Media and Going.

Each acquisition--which focus on hyperlocal community news (Patch) and events (Going)--is small, about $10 million.

Ironically, local has previously been a big arena for AOL, which launched its Digital City unit with great fanfare more than a decade ago. AOL still runs Digital City, as well as its CityGuide listing offering.

But, in a move that will surely be scrutinized, Patch is a company whose principal investor has been AOL's new CEO Tim Armstrong. AOL declined to say how much he had invested in the company, but sources said it was less than $5 million.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/06/logo.png"><img src="http://kara.allthingsd.com/files/2009/06/logo.png" alt="logo" title="logo" width="75" height="75" class="alignright size-full wp-image-14412" /></a></p>
<p><a href="http://kara.allthingsd.com/files/2009/06/going.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/going.jpeg" alt="going" title="going" width="75" height="58" class="alignright size-full wp-image-14424" /></a></p>
<p>Adding the final leg of its new strategy to reinvigorate AOL, the Time Warner online unit said it was buying two small local start-ups, <a href="http://www.patch.com">Patch Media</a> and <a href="http://going.com">Going</a>.</p>
<p>Each acquisition&#8211;which focuses on hyperlocal community news (Patch) and events (Going)&#8211;is small, about $10 million.</p>
<p>Ironically, local has previously been a big arena for AOL, which launched its <a href="http://www.digitalcity.com">Digital City</a> unit with great fanfare more than a decade ago. AOL still runs Digital City, as well as its <a href="http://cityguide.aol.com/">CityGuide</a> listing offering.</p>
<p>But, in a move that will surely be scrutinized, Patch is a company whose principal investor has been AOL&#8217;s new CEO Tim Armstrong. AOL declined to say how much he had invested in the company, but sources said it was less than $5 million.</p>
<p>Armstrong addressed the issue in an internal memo to staff about the deal, noting he would forgo any profits from the AOL transaction for Patch and get back the seed money he put into the start-up in the form of AOL shares:</p>
<blockquote><p>&#8220;On a personal note, I was an early investor in Patch and committed significant dollars to the vision of improving local communities with deeper online information, accountability through journalism, and a platform for communicating. In discussing our local strategy, AOL and Time Warner looked at Patch as a possible acquisition and I recused myself from that process. At the Time Warner negotiated acquisition price, I was in a position to earn a return on my investment in Patch. However, I have decided to forgo any profit from my seed investment in Patch and I have asked to receive just my seed capital in AOL shares once we separate from Time Warner.&#8221;</p></blockquote>
<p>The New York-based Patch is a platform that does deeply localized coverage of communities about a range of topics, from announcements to news to events to obituaries. It is aimed at competing with local newspapers and other media.</p>
<p>In another interesting twist and blast from the past, Boston-based Going was funded&#8211;its last investment was $5 million in mid-2007&#8211;by two Web 1.0 portal execs, George Bell of Excite and Bob Davis of Lycos.</p>
<p>Both are now venture capitalists&#8211;Bell at General Catalyst Partners and Davis an Highand Capital Partners.</p>
<p>Going, which was originally called HeyLetsGo.com, connects its users with events and each other in a variety of big cities, such as San Francisco, Boston, Chicago and New York.</p>
<p>The focus on local will round out Armstrong&#8217;s new push for innovation at AOL, the final piece of his <a href="http://kara.allthingsd.com/20090407/tim-armstrong-starts-at-aol-his-entire-100-day-countdown-to-magic-memo">ongoing 100-day evaluation of the much-beleaguered company</a>. </p>
<p>Armstrong has been busy in that time in making <a href="http://kara.allthingsd.com/20090528/aol-spin-off-approved-last-night-by-time-warner-board-heres-the-inside-details-not-in-the-press-release">massive changes to the structure of AOL</a>, sweeping aside its current set-up almost completely as it prepares for a spinoff from Time Warner (TWX).</p>
<p>That spinoff was announced recently and will result in AOL becoming a standalone company.</p>
<p>AOL&#8217;s new business strategy under Armstrong includes keeping its longtime access business, which many thought would be sold off, and putting many of the companies it has recently acquired&#8211;including its pricey Bebo social-networking site&#8211;in a separate ventures unit, which will try to attract outside investment.</p>
<p>The strategy will focus AOL on several key areas, including access, media/content, “scaled” advertising and communications, and now, local.</p>
<p>Local is also a big focus for players like Yahoo (YHOO) and Microsoft (MSFT) again. Yahoo CEO Carol Bartz specifically mentioned adding more community news, especially about local sports, to its offerings, in an <a href="http://d7.allthingsd.com/20090527/d7-interview-carol-bartz/">onstage interview two weeks ago</a> with me at the seventh <strong>D: All Things Digital</strong> conference.</p>
<p>Here&#8217;s the internal memo and press release about Patch and Going below:</p>
<p><span id="more-14400"></span></p>
<blockquote class="memo"><p>AOLers – </p>
<p>Our strategy to win in the five areas we’ve discussed starts with innovation and passion. Of the five areas, Local remains the largest white space and offers us an ability to improve the lives of many consumers. It’s a space that’s prime for innovation and an area where we already have strength with a local network that reaches more than 54 million UVs a month and a valuable brand in mapping services, MapQuest. </p>
<p>Our vision isn’t just about optimizing what we have&#8211;it’s about overhauling how we approach this space, drawing on our legacy of connecting communities and our long history of organization through DMOZ. It’s about taking one of the most disaggregated experiences on the Web today and making it truly quick and easy for consumers to find the local information they need.</p>
<p>Today, we’re announcing two acquisitions that will enable us to better serve audiences by providing experiences that are highly focused on users’ own neighborhoods&#8211;Patch and Going.</p>
<p>Patch.com was built to provide local towns with a robust and interactive platform to publish news and information, with full-time journalists for each town covering government affairs, education issues, and community events.  One of the AOLers in our All Hands meeting on May 29 asked what our plan is to help towns, like his, where the local newspaper has gone out of business. Patch is an acquisition that may eventually help that town. Under the leadership of co-founder and CEO Jon Brod, Patch has been able to launch five initial town sites since February and has just announced four additional communities. Moreover, Patch has already received over 230 user requests for “Patches” spanning 39 states and 12 countries.   </p>
<p>The second acquisition is a small company located in Boston&#8211;Going. Going has developed a local events platform to discover and share information about things to do in a number of leading cities across the country. Under the leadership of CEO Evan Schumacher, Going has launched sites in 30 cities&#8211;including New York, Chicago, Los Angeles and Miami&#8211;and provides users with RSVP tools and advertisers with self-service event advertising.  </p>
<p>On a personal note, I was an early investor in Patch and committed significant dollars to the vision of improving local communities with deeper online information, accountability through journalism, and a platform for communicating.  In discussing our local strategy, AOL and Time Warner looked at Patch as a possible acquisition and I recused myself from that process. At the Time Warner negotiated acquisition price, I was in a position to earn a return on my investment in Patch. However, I have decided to forgo any profit from my seed investment in Patch and I have asked to receive just my seed capital in AOL shares once we separate from Time Warner. </p>
<p>Overall, I believe both Patch and Going will add strength and talent to our local efforts and give us an ability to have a unique and defendable local offering that helps people improve their lives. I’m excited that we’ve reached the stage where we can begin implementing in our five key strategy areas, and with today’s announcements we’re off to a great start in Local.</p>
<p>Please join me in welcoming the employees of Patch and Going to AOL and the future of AOL Local.  &#8211;TA
 </p></blockquote>
<blockquote class="memo"><p>AOL Acquires Two Local Services, Patch and Going</p>
<p>Acquisitions Add to AOL’s Leading Network of Local Services with a Community-Specific News and Information Platform and a Local Event Platform</p>
<p>NEW YORK, NY&#8211;June 11, 2009&#8211;AOL today announced two acquisitions in the local space: Patch Media Corporation, http://www.patch.com, a local news and information platform aimed at serving local towns and communities and Going, Inc., http://www.going.com, a local platform for people to discover and share information about things to do in a number of leading cities across the country. Both Patch and Going offer local experiences, content and self-service applications for consumers and advertisers. </p>
<p>“Local remains one of the most disaggregated experiences on the Web today&#8211;there’s a lot of information out there but simply no way for consumers to find it quickly and easily,” said Tim Armstrong, AOL’s Chairman and CEO. “It’s a space that’s prime for innovation and an area where AOL has a significant audience and a valuable mapping service in MapQuest. Going forward, local will be a core area of focus and investment for AOL. The acquisitions of Patch and Going will help us build out our local network further with excellent local services that enable people to stay better informed about what’s going on in their neighborhood.”</p>
<p>The acquisitions extend AOL’s network of local services, the largest online local network,* reaching more than 54 million total unique visitors per month.** Both acquisitions also leverage a consumer and marketplace trend toward greater consumption of news and information online.</p>
<p>A recent survey by the Pew Research Center for the People &#038; the Press found that more people now say they get most of their news from online sources than from traditional newspapers (40% vs. 35%).***</p>
<p>In addition, local searches grew 58% in 2008 year over year, while overall searches climbed just 21%, according to research conducted by the Yellow Pages Association in March 2009.</p>
<p>Local advertising (online and offline) represents an approximately $103 billion market (approximately 39% of total U.S. ad spending), according to Borrell Associates in 2009.</p>
<p>Founded in December 2007 and headquartered in New York, Patch combines localized, professional journalism with community contribution and a platform that puts all town assets online – in effect, digitizing the community. Patch, which expects to be available in a dozen communities by the end of the year, currently has “Patches” in five communities with four more in development.</p>
<p>“We are excited to join the AOL family,” said Jon Brod, CEO of Patch. “AOL’s substantial network will help us extend the reach of Patch into more and more communities. And Patch, as part of AOL’s local strategy, will create new opportunities for AOL to delight consumers and provide marketers access to highly targeted and deeply engaged audiences.”</p>
<p>Launched in September 2006 and headquartered in Boston, Going is one of the leading local communities for 20-somethings looking for things to do in cities across the country. Going is available in 30 leading U.S. cities, including New York, Los Angeles, Chicago, Miami and Boston, with several more planned this year. Going also provides local promoters, event organizers and venues a fully automated, self-service RSVP, ticketing and advertising engine to maximize the attendance and value of their events. </p>
<p>“Going allows young people in leading cities to discover upcoming events, parties and new hot spots &#8211; and most importantly connect with others who share a similar lifestyle. By joining with AOL, we have the opportunity to greatly expand the reach of our platform to more cities both in the U.S. and around the world,&#8221; said Evan Schumacher, Going&#8217;s CEO.</p>
<p>“AOL has a legacy of connecting people to the content, community and services they care most about,” said Armstrong. “Patch and Going, combined with our existing network, will enable the company that got America online, to connect consumers around the globe to their communities online.”</p>
<p>* April 2009 U.S. comScore Media Metrix; Local Networks category is a custom built category by AOL.<br />
** Custom AOL-defined Local Networks report, based on comScore U.S. Media Metrix Audience Duplication report (April 2009).<br />
*** Pew Research Center for the People and the Press, &#8220;Internet Overtakes Newspapers as News Outlet,&#8221; December 2008.</p></blockquote>
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		<title>Why Robert Scoble Is Wronger About "2010 Web": A BoomTown Translation!</title>
		<link>http://kara.allthingsd.com/20090602/why-robert-scoble-is-wronger-about-2010-web-a-boomtown-translation/</link>
		<comments>http://kara.allthingsd.com/20090602/why-robert-scoble-is-wronger-about-2010-web-a-boomtown-translation/#comments</comments>
		<pubDate>Tue, 02 Jun 2009 19:37:14 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<description><![CDATA[Oh, Scooby-Don't...

You could not be more wrong in your post last week--titled, "Why Kara Swisher and Walt Mossberg are wrong about naming Web 3.0 'Web 3.0'"--about Walt and I being wrong about naming Web 3.0 "Web 3.0" in an essay we posted at the start of our D: All Things Digital conference, which took place last week.

I know writing "Kara Swisher," "Walt Mossberg" and "Wrong" is well-nigh irresistible, but your solution of calling the digital era we are in the "2010 Web" is equally confusing and incorrect.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/06/scooby-doo.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/scooby-doo-213x300.jpg" alt="scooby-doo" title="scooby-doo" width="213" height="300" class="alignright size-medium wp-image-14066" /></a></p>
<p><em>Oh, Scooby-Don&#8217;t&#8230;</em></p>
<p>You could not be more wrong in your post last week&#8211;titled, <a href="http://scobleizer.com/2009/05/29/kara-is-wrong-about-2010web/">&#8220;Why Kara Swisher and Walt Mossberg are wrong about naming Web 3.0 &#8216;Web 3.0&#8242;&#8221;</a>&#8211;about Walt and I being wrong about naming Web 3.0 &#8220;Web 3.0&#8243; in an essay we posted at the start of our <strong>D: All Things Digital</strong> conference, which took place last week.</p>
<p>I know writing &#8220;Kara Swisher,&#8221; &#8220;Walt Mossberg&#8221; and &#8220;Wrong&#8221; is well-nigh irresistible, but your solution of calling the digital era we are in the &#8220;2010 Web&#8221; is equally confusing and incorrect.</p>
<p>So, since you know I love to do translations, let me try to take apart your entire piece paragraph by paragraph:</p>
<p><strong>What Scooby-Don&#8217;t wrote:</strong> <em> Can we just head this trend off at the pass? It seems that Kara Swisher and Walt Mossberg, at their “All Things D” conference announced the beginning of the Web 3.0 era.</p>
<p>That’s ridiculous.</p>
<p>And I’m not the only one to think so.</em></p>
<p><strong>BoomTown response:</strong> Walt and I simply wrote an essay in which we said we thought mobile and smart phones were super important as the next platform and represented what we thought Web 3.0 innovations, such as social networking (which we also think is important, by the way) would pivot around.</p>
<p>We didn&#8217;t &#8220;announce&#8221; anything, although that does sound awfully grand. </p>
<p>But so what if we did, because it happens quite a lot? </p>
<p><a href="http://dangillmor.typepad.com/dan_gillmor_on_grassroots/2005/04/web_20_try_30.html">Dan Gillmor</a>, for goodness sake, declared it Web 3.0 in 2005. His take was different:</p>
<p>&#8220;The emerging web is one in which the machines talk as much to each other as humans talk to machines or other humans. As the net is the rough equivalent of a computer operating system, we’re learning how to program the web itself.&#8221;</p>
<p>And in 2007, <a href="http://radar.oreilly.com/archives/2007/10/web-30-semantic-web-web-20.html">Tim O&#8217;Reilly weighed in on it</a>, responding to Web 3.0 theses by Jason Calacanis and Nova Spivack, and also noting Stowe Boyd&#8217;s thoughts on the subject.</p>
<p><a href="http://kara.allthingsd.com/files/2009/06/terminator_robotjpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/terminator_robotjpg-250x209.jpg" alt="terminator_robotjpg" title="terminator_robotjpg" width="250" height="209" class="alignleft size-medium wp-image-14082" /></a></p>
<p>You get my point, Bobby? Lots of folks have opinions about what is Web 3.0, much as they will when we start arguing over what Web 4.0 is. </p>
<p>At Web 5.0, of course, a self-aware Google (GOOG) will have begun its inevitable war with the human race, sending back a cyborg to terminate you before you wrote that post, thereby making this rebuttal moot.</p>
<p>But, I digress!</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>Short aside: It’s interesting that neither Kara nor Walt show up very often on friendfeed, which is the best example of the 2010 Web right now. Kara Swisher has made a total of five comments there. Walt is even worse, doesn’t bring any items in there, and only has six comments. How can you know what the 2010 Web is, if you don’t use it and don’t participate in it?</em></p>
<p><strong>BoomTown response:</strong> The fact of the matter is that neither Walt nor I like to use FriendFeed as much as you do. I daresay that no one likes to use FriendFeed as much as you do.</p>
<p>Thus, hinging a larger point to this, just because we don&#8217;t play in a particular sandbox you like to play in, feels a little too much in the digital weeds to me.</p>
<p>Just because you have chosen to be the unofficial spokesmodel for the very laudable service&#8211;about which I have done a very <a href="http://kara.allthingsd.com/20081208/kara-visits-friendfeed-now-in-six-new-languages">lovely reported post on complete with video</a>&#8211;I am not clear why you need to accuse Walt Mossberg and I of not being social because we don&#8217;t use it as much.</p>
<p>We both just happen to prefer Twitter and blogging as our social outlets. </p>
<p>I have done 3,255 updates on Twitter since I started last year, for example, which is certainly not as much as your 21,224. But&#8211;and I think we can all agree&#8211;as blabby as I am, I am simply not as blabby as you.</p>
<p><a href="http://kara.allthingsd.com/files/2008/12/friendfeed_logo.jpg"><img src="http://kara.allthingsd.com/files/2008/12/friendfeed_logo.jpg" alt="" title="friendfeed_logo" width="272" height="76" class="alignright size-medium wp-image-7416" /></a></p>
<p>So, let&#8217;s try to make this as clear as possible.</p>
<p><em>We. Don&#8217;t. Use. FriendFeed. Regularly.</em></p>
<p>As I said, we use Twitter, we use Facebook, we use SMS, we use blogging and we use a whole lot more. In fact, between us, we try out pretty much everything.</p>
<p>While I appreciate that FriendFeed seems to be your home planet of the moment, it is not the only place to realize your term, 2010 Web, and it feels very Web 1.0 to say so.</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>The Web does NOT have version numbers. Naming what was going on in the last eight years &#8220;Web 2.0&#8243; did us all a large disservice (Tim O’Reilly did that, mostly to get people to see that there was something different about the Web that was being built in 2000-2003 than what had come before).</p>
<p>But by naming it a number, I believe it caused a lot of people and businesses to avoid what was going on and “poo poo” it as the rantings of the new MySpace generation (which was just getting hot back then).</em></p>
<p><strong>BoomTown response:</strong> Let me see if I can get this straight. You can call it 2010 Web, but we cannot use version numbers, such as Web 3.0?</p>
<p><a href="http://kara.allthingsd.com/files/2009/06/britney-spears-bald-400a030207jpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/britney-spears-bald-400a030207jpg-250x250.jpg" alt="britney-spears-bald-400a030207jpg" title="britney-spears-bald-400a030207jpg" width="250" height="250" class="alignleft size-medium wp-image-14083" /></a></p>
<p>Hey, we&#8217;ll call it Britney Spears if we want! </p>
<p>Actually, I like naming the next era of the Web after the always volatile entertainer. She&#8217;s mobile, ever-changing, ubiquitous and always entertaining! Also, there are several eras of Britney: Sweet, Timberlake Lady, Federline Lady, Young Mom, Nuts, Nuttier, Nuttiest, Hospitalized, Medicated.</p>
<p>My main point remains: Who died and made you Boss of Pointless Internet Catchphrases? </p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>See, the Web changes EVERY DAY and a version number just doesn’t do it justice. Think about today, we saw Microsoft (MSFT) announce a major new update to its search engine, named “Bing,” that turns on next week and is already getting TONS of kudos. Seriously, in the rental car shuttle today a guy I met said the demo he saw at Kara and Walt’s conference was “awesome.”</p>
<p>Also today was Google’s Wave, which caught everyone by surprise and which sucked the oxygen out of Microsoft’s search announcements. Check out all the reports that I liked from around the world this morning.</em></p>
<p><strong>BoomTown response:</strong> The Web changes <em>EVERY DAY</em>? You&#8217;re kidding! We had no idea! Thanks for <em>that</em> critical morsel of info! </p>
<p>Earth to Robert: Walt has spent a large part of his life writing about the panoply of new devices that have come out in an unceasing flow and I have written at least 10,000 news stories and two books about the Web since the early 1990s.</p>
<p>Pretty much all we write about is how the Web changes every day. Actually, every second.</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>But, back to the theme of this post. There IS something going on here. I covered it a few weeks ago.</p>
<p>The things that are happening are NOT just Twitter and search. Here, let me recount again what is making up the 2010 Web:</p>
<p><a href="http://kara.allthingsd.com/files/2009/06/hokusai_wave_1jpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/hokusai_wave_1jpg-250x167.jpg" alt="hokusai_wave_1jpg" title="hokusai_wave_1jpg" width="250" height="167" class="alignright size-medium wp-image-14084" /></a></p>
<p>1. Real Time. Google caught the Wave of that trend today BIG TIME.</p>
<p>2. Mobile. Google, again, caught that wave big time Wednesday when it handed Android phones to everyone at its IO conference.</p>
<p>3. Decentralized. Does Microsoft or Twitter demonstrate that trend? Not really well.</p>
<p>4. Pre-made blocks. I call this “copy-and-paste” programming. Google nailed it with its Web Elements (I’ll add a few of those next week).</p>
<p>5. Social. Oh, have you noticed how much more social the web is? The next two days I’m hanging out on an aircraft carrier with a few people who do social media for the Navy.</p>
<p>6. Smart. Wolfram Alpha opened a lot of people’s eyes to what is possible in new smart displays of information.</p>
<p>7. Hybrid infrastructure. At the Twitter Conference this week lots of people were talking about how they were using both traditional servers along with cloud-based approaches from Amazon (AMZN) and Rackspace (RAX) to store, study, and process the sizeable datasets that are coming through Twitter, Facebook, and friendfeed.</em></p>
<p><strong>BoomTown Response:</strong> We had folks on stage at our <strong>D7</strong> conference discussing all this last week. In fact, we covered a whole lot more than that, which <a href="http://d7.allthingsd.com/">you can read about if you click on through</a>.</p>
<p>While I think all yours are also interesting ideas, I am still not clear why you need to get your knickers in a knot, since we happened to think mobile platforms and smart phones are more important trends at this juncture.</p>
<p>Also, could please explain how Google &#8220;caught that wave big time Wednesday when it handed Android phones to everyone at its IO conference.&#8221; Google is innovative because they give free swag to folks?</p>
<p>We gave free swag to folks this week at <strong>D7</strong>, so I guess that makes Walt and I 2010-Web-worthy!</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>So, why doesn’t a version number work for these changes? Because they don’t come at us all at once. A lot of these things have been cooking for years. The Internet makes iteration possible. Tomorrow will be better on the Internet than today. In the old world of software you’d have to wait for the compilers, then you’d need to distribute tons of CDs or disks. That no longer needs to be done.</p>
<p>The idea that we have a version for the Web is just plain ridiculous. It makes the innovations we’re implementing too easily dismissed. How many times have you heard that “Twitter is lame?” I lost count 897 days ago.</p>
<p>Now, is using a year number, like what I’m doing, better? Yes. It gets us out of the version lock. And it makes it clear to businesses that if you are still driving around a 1994 Web site that it’s starting to look as old and crusty as a 1994 car is about now. Executives understand this. It’s a rare executive who drives an old car around. Most like to have the latest expensive car to get to work in.</p>
<p>Same with the Web. Calling it the “2010 Web” puts an urgency into what’s happening. If your business isn’t considering the latest stuff it risks looking lame or, worse, leaving money on the table. Just like driving a 1994 car risks looking lame or, worse, breaking down a lot more often than a newer car.</em></p>
<p><a href="http://kara.allthingsd.com/files/2009/06/300_373752jpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/300_373752jpg-160x300.jpg" alt="300_373752jpg" title="300_373752jpg" width="160" height="300" class="alignleft size-medium wp-image-14085" /></a></p>
<p><strong>BoomTown response:</strong> Actually, I would have to say that your year numbering system is deeply confusing and I am not sure we can treat Internet development like some auto or, even, say, fine wine.</p>
<p>Ah, that 1995 Web was saucy with a smooth Netscape IPO finish, while 2001 had a disappointing popped-bubble tone, due to the excessive tannins of Pets.com. Now, the 2009 is still very young, but it has a frothy Twittery taste, which goes surprisingly well with brie.</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>Is the year metaphor perfect? No, I’m sure there are a few things wrong with it. For one, if you want to host a conference based on the “trend” you’ll have to change your conference name every year. That costs money, which is why conference companies like to have more stable trends that they can exploit for a few years, at least.</em></p>
<p><strong>BoomTown response:</strong> <strong>D1, D2, D3, D4, D5, D6, D7.</strong> So far, changing the number has worked out well for us that we&#8217;re going to go for <strong>D8</strong>!</p>
<p><strong>Scooby-Don&#8217;t wrote:</strong> <em>Also, there are some clear &#8220;eras&#8221; in the Web, so I could see wanting to suggest that we’re in the third era of the Web, but I’ve been studying this for the past eight years and calling the second era &#8220;Web 2&#8242; actually held us back because mainstream users didn’t think anything was happening in the past few years and Web 2.0 became a useless phrase anyway.</em></p>
<p><strong>BoomTown response:</strong> You must know that mainstream users don&#8217;t pay one bit of attention to any and all of the dumb terms Silicon Valley comes up with. </p>
<p>And, with all the obviously massive change that has happened in the past few years in tech and the Internet (iPhone, Kindle, Facebook, Twitter to name a few), it seems odd to say that anything has been held back.</p>
<p>Frankly, it would be nice if tech innovation took a breather once in a while.</p>
<p><strong>Scooby Don&#8217;t wrote:</strong> <em>Anyway, can we use year numbers to describe the Web now? It’ll make it easier to evangelize the modern world to businesses. We’re entering the 2010 Web, that’s what I’m exploring. Calling the Web a version number is for people who don’t really understand, or participate in, what’s going on here. Kara and Walt, you gotta do better here.</em></p>
<p><a href="http://kara.allthingsd.com/files/2009/06/128296997102501250ifailztoseejpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/06/128296997102501250ifailztoseejpg-250x166.jpg" alt="128296997102501250ifailztoseejpg" title="128296997102501250ifailztoseejpg" width="250" height="166" class="alignleft size-medium wp-image-14087" /></a></p>
<p><strong>BoomTown wrote:</strong> What&#8217;s in a name? </p>
<p>Well, it&#8217;s dang easy to attack, of course, instead of actually discussing the actual premise that we were outlining in our essay, titled &#8220;Welcome to Web 3.0.&#8221;</p>
<p>As we wrote:</p>
<p>&#8220;So what’s the seminal development that’s ushering in the era of Web 3.0? It’s the real arrival, after years of false predictions, of the thin client, running clean, simple software, against cloud-based data and services. The poster children for this new era have been the Apple (AAPL) iPhone and iPod Touch, which have sold 37 million units in less than two years and attracted 35,000 apps and one billion app downloads in just nine months.&#8221;</p>
<p>So, if you want to just focus on the name, then you gotta do better here.</p>
<p>Until then, you say 2010 Web, we say Web 3.0 and let&#8217;s call the whole thing off.</p>
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		<title>More Mark Cuban (Trapped in the Green Room at D7 with BoomTown and the Flip Video Camera)!</title>
		<link>http://kara.allthingsd.com/20090601/more-mark-cuban-trapped-in-the-green-room-at-d7-with-boomtown-and-the-flip-video-camera/</link>
		<comments>http://kara.allthingsd.com/20090601/more-mark-cuban-trapped-in-the-green-room-at-d7-with-boomtown-and-the-flip-video-camera/#comments</comments>
		<pubDate>Mon, 01 Jun 2009 18:05:24 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[BoomTown]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=14068</guid>
		<description><![CDATA[Last week, Walt Mossberg and I interviewed entrepreneur, high-definition television fanboy, dancing fool and reliable gadfly Mark Cuban at the seventh D: All Things Digital conference.

After our onstage interview, BoomTown also got him to be more specific about his thoughts on a variety of things he discussed, including Google's underwriting of its YouTube video subsidiary, the problems with broadband and the Internet as a "utility."]]></description>
			<content:encoded><![CDATA[<p><img src="http://d7.allthingsd.com/files/2009/04/mark-cuban.png" alt="mark-cuban" title="mark-cuban" width="100" height="150" class="alignright photo size-full wp-image-75" /></p>
<p>Last week, Walt Mossberg and I interviewed <a href="http://d7.allthingsd.com/20090527/d7-interview-mark-cuban/">entrepreneur, high-definition television fanboy, dancing fool and reliable gadfly Mark Cuban</a> at the seventh <strong>D: All Things Digital</strong> conference.</p>
<p><a href="http://d7.allthingsd.com/speakers/mark-cuban/">Cuban</a>, who sold his start-up Broadcast.com to Yahoo (YHOO) at the peak of the Web 1.0 bubble for billions, has been using that haul to do a lot of stuff.</p>
<p>In September 2001, the innovative Cuban launched HDNet, a provider of high-definition news, entertainment and sports programming. In January of 2000, he also used all those bucks to buy the Dallas Mavericks NBA franchise. He&#8217;s also co-owner of Landmark Theaters, Magnolia Pictures, and Rysher Entertainment, and holds a stake in Lions Gate Entertainment.</p>
<p>Cuban also made a laudable effort on the television dance competition, &#8220;Dancing With the Stars.&#8221;</p>
<p>After our onstage interview (highlights of that video are also below), BoomTown also got him to be more specific about his thoughts on a variety of things he discussed, including Google (GOOG) and its underwriting of its YouTube video subsidiary, HD TV, the problems with broadband and the Internet as a &#8220;utility.&#8221;</p>
<p>(And don&#8217;t miss his cheeky new post on his Blog Maverick site&#8211;<a href="http://blogmaverick.com/2009/05/31/who-cares-what-people-write/">&#8220;Who Cares What People Write?&#8221;</a>&#8211;about ignoring, well, what some &#8220;amateur outtie&#8221; bloggers say most of the time.)</p>
<p>Cuban in the Green Room at <strong>D7</strong>:</p>
<div class="video-wsj"><object width="380" height="216"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=F7D97BD2-5BD9-4A88-B39C-B3D1AEAAFC8D&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={F7D97BD2-5BD9-4A88-B39C-B3D1AEAAFC8D}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="380" height="216" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object>
<p><a href="http://d7.allthingsd.com/20090527/d7-video-mark-cuban/">Cuban Onstage:</a></p>
<div class="video-wsj"><object width="380" height="216"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=1DFA2C1F-5207-4512-A580-69BC6A9E8D91&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={1DFA2C1F-5207-4512-A580-69BC6A9E8D91}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="380" height="216" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object>
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		<title>Welcome to Lucky D7: Still Gambling on the Digital Future</title>
		<link>http://kara.allthingsd.com/20090504/welcome-to-lucky-d7-gambling-on-the-future-of-tech/</link>
		<comments>http://kara.allthingsd.com/20090504/welcome-to-lucky-d7-gambling-on-the-future-of-tech/#comments</comments>
		<pubDate>Mon, 04 May 2009 07:15:55 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[All Things Digital]]></category>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=13080</guid>
		<description><![CDATA[Incredibly, this is the seventh year of the D: All Things Digital conference.

We feel very lucky to get here, especially in the midst of what our own site's Digital Daily scribe, John Paczkowski, has so perfectly dubbed the "econalypse."

Ironically, Walt Mossberg and I planned to launch the very first conference in the middle of the last major downturn for tech, in 2001. But, in the carnage of the Web 1.0 meltdown, we actually held off for two years, with our first D gathering taking place in 2003.

Well, we're still going--making the same long-term bet that the digital revolution will keep rolling as we did at D1. Here's our lineup for D7.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/05/777-fulljpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/777-fulljpg-250x141.jpg" alt="777-fulljpg" title="777-fulljpg" width="250" height="141" class="alignright size-medium wp-image-13081" /></a></p>
<p>Incredibly, this is the <a href="http://d7.allthingsd.com">seventh year of the <strong>D: All Things Digital</strong> conference</a>.</p>
<p>We feel <em>very</em> lucky to get here, especially in the midst of what our own site&#8217;s <a href="http://digitaldaily.allthingsd.com">Digital Daily scribe, John Paczkowski</a>, has so perfectly dubbed the <a href="http://digitaldaily.allthingsd.com/category/econalypse/">&#8220;econalypse.&#8221;</a></p>
<p>Ironically, <a href="http://walt.allthingsd.com">Walt Mossberg</a> and I planned to launch the very first conference in the middle of the last major downturn for tech, in 2001. But, in the carnage of the Web 1.0 meltdown, we actually held off for two years, with our first <strong>D</strong> gathering taking place in 2003.</p>
<p>It&#8217;s been a real winning streak since then for <strong>D</strong>, due in large part to our great speakers&#8211;such as Microsoft (MSFT) icon Bill Gates and Apple (AAPL) legend Steve Jobs.</p>
<p><a href="http://kara.allthingsd.com/files/2009/05/d2007jpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/d2007jpg-250x164.jpg" alt="d2007jpg" title="d2007jpg" width="250" height="164" class="alignleft size-medium wp-image-13083" /></a></p>
<p>Both have been onstage many times over the years, including a <a href="http://d5.allthingsd.com/20070531/video-steve-jobs-and-bill-gates-highlight-reel/">historic interview the pair of tech titans did together in 2007</a> at <strong>D5</strong>.</p>
<p>Other amazing speakers have included: Howard Stringer of Sony (SNE), Barry Diller of InterActiveCorp (IACI), legendary director George Lucas, Time Warner (TWX) CEO Jeff Bewkes, Jeff Bezos of Amazon (AMZN), former eBay (EBAY) CEO Meg Whitman, News Corp. (NWS) head Rupert Murdoch, Microsoft head Steve Ballmer, Walt Disney (DIS) honcho Bob Iger, Bobby Kotick of Activision Blizzard (ATVI), CBS (CBS) CEO Les Moonves, Democratic and Republican pols like former Vice President Al Gore and Sen. John McCain, all the leadership of Google (GOOG) and many, many more.</p>
<p>We have had a lot of great moments onstage with all these tech and media players over the years, to be sure, with interviews ranging from the funny to the sublime to the truly disastrous. </p>
<p>But, like the digital industry and the innovation our conference focuses on, we also like to lean forward to try to figure out what the Next Big Thing is around the corner, whether it comes from Silicon Valley or not.</p>
<p><a href="http://kara.allthingsd.com/files/2009/05/rocket-alarmjpg.jpeg"><img src="http://kara.allthingsd.com/files/2009/05/rocket-alarmjpg-250x280.jpg" alt="rocket-alarmjpg" title="rocket-alarmjpg" width="250" height="280" class="alignright size-medium wp-image-13086" /></a></p>
<p>That&#8217;s why we&#8217;re kicking off our conference on May 26 with two of the founders of Twitter&#8211;Biz Stone and Evan Williams&#8211;who are riding high on tech&#8217;s latest hot thing, which might turn out to be either a rocket ship or a shooting star.</p>
<p>They&#8217;ll be followed up over the next two days by a plethora of interesting players, from the leaders of several major mobile companies to content execs hit hard by fast-moving digital forces to a new Internet leader like Yahoo (YHOO) CEO Carol Bartz, who is trying to turn around one of the Web&#8217;s great icons from its more recent lackluster path.</p>
<p>And, as we always do, we will be featuring a spate of demos too, trying to see if we can unearth that next <em>next</em> thing.</p>
<p>In the past, the <strong>D</strong> stage has seen the debut of start-up products like Sling Media&#8217;s Slingbox, Aliph&#8217;s Jawbone and Pure Digital&#8217;s Flip, all of which have gone onto glory. And also some, like Palm&#8217;s Foleo, which did not.</p>
<p>While not everyone can attend <strong>D</strong>, our crack staff is committed to bringing all the action from this year&#8217;s conference to readers of the <strong>All Things Digital</strong> site via up-to-the-minute blogs, photos, videos, tweets, digs and more. We&#8217;ll also, as soon as we can, post the videos of each of the onstage sessions, in their entirety.</p>
<p>Until it all kicks off, here is the list of speakers, below, in alphabetical order, who will be appearing at 2009&#8217;s <strong>D7</strong> conference:</p>
<p><a href="http://d7.allthingsd.com/speakers/irving-azoff/"><strong>Irving Azoff</strong></a> | <em>CEO of Ticketmaster Entertainment</em> (TKTM)</p>
<p><a href="http://d7.allthingsd.com/speakers/mitchell-baker/"><strong>Mitchell Baker</strong></a> | <em>Chairman of Mozilla</em></p>
<p><a href="http://d7.allthingsd.com/speakers/steve-ballmer/"><strong>Steve Ballmer</strong></a> | <em>CEO of Microsoft</em></p>
<p><a href="http://d7.allthingsd.com/speakers/carol-bartz/"><strong>Carol Bartz</strong></a> | <em>CEO of Yahoo</em></p>
<p><a href="http://d7.allthingsd.com/speakers/mark-cuban/"><strong>Mark Cuban</strong></a> | <em>Chairman of HDNet and Owner of the Dallas Mavericks, Landmark Theaters and Magnolia Pictures</em></p>
<p><a href="http://d7.allthingsd.com/speakers/eve-ensler/"><strong>Eve Ensler</strong></a> | <em>Playwright and Founder of V-Day</em></p>
<p><a href="http://d7.allthingsd.com/speakers/arianna-huffington/"><strong>Arianna Huffington</strong></a> | <em>Editor-in-Chief of the Huffington Post</em></p>
<p><a href="http://d7.allthingsd.com/speakers/olli-pekka-kallasvuo/"><strong>Olli-Pekka Kallasvuo</strong></a> | <em>CEO of Nokia</em> (NOK)</p>
<p><a href="http://d7.allthingsd.com/speakers/mike-lazaridis/"><strong>Mike Lazaridis</strong></a> | <em>Co-CEO of Research In Motion</em> (RIMM)</p>
<p><a href="http://d7.allthingsd.com/speakers/john-lilly/"><strong>John Lilly</strong></a> | <em>CEO of Mozilla</em></p>
<p><a href="http://d7.allthingsd.com/speakers/john-malone/"><strong>John Malone</strong></a> | <em>Chairman of Liberty Media Corporation</em> (LCAPA)</p>
<p><a href="http://d7.allthingsd.com/speakers/roger-mcnamee/"><strong>Roger McNamee</strong></a> | <em>Partner, Elevation Partners</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jon-miller/"><strong>Jon Miller</strong></a> | <em>Chief Digital Officer of News Corp.</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jon-rubinstein/"><strong>Jon Rubinstein</strong></a> | <em>Executive Chairman, Palm</em> (PALM)</p>
<p><a href="http://d7.allthingsd.com/speakers/randall-stephenson/"><strong>Randall Stephenson</strong></a> | <em>CEO of AT&#038;T</em> (T)</p>
<p><a href="http://d7.allthingsd.com/speakers/biz-stone/"><strong>Biz Stone</strong></a> | <em>Co-founder of Twitter</em></p>
<p><a href="http://d7.allthingsd.com/speakers/owen-van-natta/"><strong>Owen Van Natta</strong></a> | <em>CEO of MySpace</em></p>
<p><a href="http://d7.allthingsd.com/speakers/katharine-weymouth/"><strong>Katharine Weymouth</strong></a> | <em>Publisher of the Washington Post</em> (WPO)</p>
<p><a href="http://d7.allthingsd.com/speakers/evan-williams/"><strong>Evan Williams</strong></a> | <em>Co-founder and CEO of Twitter</em></p>
<p><a href="http://d7.allthingsd.com/speakers/jeff-zucker/"><strong>Jeff Zucker</strong></a> | <em>CEO of NBC Universal</em> (GE)</p>
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		<title>When GeoCities Grabbed the Web's Golden Ticket&#8211;A Trip Down Silicon-Valley-Has-No-Memory Lane</title>
		<link>http://kara.allthingsd.com/20090424/when-geocities-grabbed-the-webs-golden-ticket-a-trip-down-silicon-valley-has-no-memory-lane/</link>
		<comments>http://kara.allthingsd.com/20090424/when-geocities-grabbed-the-webs-golden-ticket-a-trip-down-silicon-valley-has-no-memory-lane/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 07:13:39 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=12816</guid>
		<description><![CDATA[In Web years, BoomTown is now officially 143 years old.

Why? Well, I was the one who got to write the big Page One piece in The Wall Street Journal after GeoCities was sold to Yahoo in January of 1999 for $5 billion in stock.

GeoCities was, in its way, the Facebook of its time. But, instead of "friends," its users were "homesteaders."

As Cher so eloquently sings: Those were the days my friend, we thought they'd never end.

Except they did. Yahoo announced yesterday that it was closing the GeoCities unit down, part of new CEO Carol Bartz's war against useless assets at the troubled company.

But let's take a stroll down memory lane, shall we?]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/04/geocities-logo.gif"><img src="http://kara.allthingsd.com/files/2009/04/geocities-logo.gif" alt="geocities-logo" title="geocities-logo" width="110" height="100" class="alignright size-full wp-image-12817" /></a></p>
<p>In Web years, BoomTown is now officially 143 years old.</p>
<p>Why? Well, I was the one who got to write the big Page One piece in The Wall Street Journal after GeoCities was sold to Yahoo in January of 1999 for $5 billion in stock.</p>
<p>GeoCities was, in its way, the Facebook of its time.</p>
<p>But instead of &#8220;friends,&#8221; its users were &#8220;homesteaders,&#8221; since the Web then was a place to be pioneered and settled.</p>
<p>As Cher so eloquently sings: Those were the days my friend, we thought they&#8217;d never end.</p>
<p>Except they did. Yahoo (YHOO) announced yesterday that it was closing the GeoCities unit down, part of new CEO Carol Bartz&#8217;s war against useless assets at the troubled company.</p>
<p>But a full decade ago, the Yahoo-GeoCities transaction was a big, big deal, struck at the peak of the Web 1.0 bubble.</p>
<p>The move shook up the then-Internet landscape, in which Yahoo was the undisputed king.</p>
<p>The sector then had begun to rapidly consolidate, as stronger players snapped up weaker ones in a race for market share.</p>
<p>The Yahoo-GeoCities deal closely followed another deal in which At Home, a high-speed Internet access service, bought search and directory service Excite for stock valued at $6.7 billion. In another key deal at the time, then-independent America Online agreed to buy Netscape Communications for stock then worth $4.2 billion.</p>
<p>Of those then-dominant Web companies, only Yahoo and AOL&#8211;now a troubled unit of Time Warner (TWX)&#8211;survive relatively intact.</p>
<p>And, what exactly did Yahoo get for its giant payment back then? A money-losing, low-revenue company with a whole lot of users. </p>
<p>At the time of the purchase, the publicly-traded Marina Del Rey, Calif., company had reported that fourth-quarter sales increased to $7.5 million from $1.7 million a year earlier. But the company&#8217;s loss had also swelled, to $8.4 million from $3 million, in the year-earlier period.</p>
<p>Sound familiar to some current Web 2.0 stories? I thought so.</p>
<p>Another weird irony: One of GeoCities major investors was a venture firm called Flatiron Partners, whose principal, Jerry Colonna, was on the board.</p>
<p>And who was Colonna&#8217;s parter? Well, <a href="http://www.avc.com">Fred Wilson</a>, who has a different firm now called Union Square Ventures and is&#8211;<em>wait for it</em>&#8211;one the the major investors in the 2009 hotsy-totsy start-up, Twitter.</p>
<p>(You can read Wilson&#8217;s terrific take from the <a href="http://www.avc.com/a_vc/2009/04/geocities.html">VC perspective of the GeoCities experience here</a>.)</p>
<p>In other words, the more things change&#8230; Well, actually, they don&#8217;t change.</p>
<p>So, if you want to take an instructive trip down memory lane, here is my piece below, which <a href="http://online.wsj.com/article/SB917500597920877000.html?mod=googlewsj">appeared in The Wall Street Journal on Jan. 29, 1999</a>:</p>
<blockquote class="memo"><p><strong>Those Who Tied Fortune to GeoCities Yell Yahoo! All the Way to the Bank</strong></p>
<p>By KARA SWISHER | Staff Reporter of THE WALL STREET JOURNAL</p>
<p>Last spring, Thomas R. Evans was nervous about leaving his longtime job at the top of a powerful Manhattan media company for an Internet start-up near the beaches of Southern California. So he talked to his boss, real-estate and publishing tycoon Mort Zuckerman.</p>
<p>&#8220;I was wondering if this whole Internet thing was real and sustainable,&#8221; says Mr. Evans, then publisher of the Atlantic Monthly and U.S. News &#038; World Report. &#8220;I wanted his blessing in a way.&#8221;</p>
<p><strong>Virtual Payoff</strong></p>
<p>Mr. Evans got Mr. Zuckerman&#8217;s nod&#8211;and a lot more. You know the drill by now (though it may not be getting any easier to hear). He became chief executive officer of GeoCities , an electronic casbah of about 3.5 million Web sites, and helped lead its initial public offering last summer. Then Thursday, Yahoo! Inc. agreed to buy the young company for about $5 billion in stock. It means the value of Mr. Evans&#8217;s stock options soared by 65% Thursday to a dizzying $200 million.</p>
<p><strong>Yahoo! Agrees to Buy GeoCities in $5 Billion Stock Transaction</strong></p>
<p>That&#8217;s some kind of money for nine months&#8217; work. After you&#8217;re done banging your head on a wall, consider that members of the new financial elite in Silicon Valley are being created in less time than it takes for a kid to finish his first-grade year. That puts oil, real estate and finance magnates to shame. Mr. Zuckerman, for example, spent a lifetime building his $1 billion financial empire.</p>
<p>Asked how he was doing Thursday, Mr. Zuckerman says: &#8220;Not as good as Tom Evans.&#8221;</p>
<p>Mr. Evans, who commutes between GeoCities&#8217; Marina Del Rey, Calif., headquarters and his home in New Canaan, Conn., is quick to point out the ephemeral nature of his wealth. He must wait six years for his options to be fully vested. And his net worth could evaporate if Yahoo&#8217;s highflying stock sinks.</p>
<p>&#8220;It does not seem real, because it is not real, because this is based on the long term and is dependent on where this whole industry is going,&#8221; says Mr. Evans, 44 years old. &#8220;Anyone coming into this industry assumes a certain amount of risk because no one really knows how it is all going to turn out.&#8221;</p>
<p><strong>Litany of Lucre</strong></p>
<p>It has turned out well so far for the new moguls at GeoCities. According to public filings the company made last summer, the biggest individual winner is co-founder and Chairman David Bohnett, 42, who owns about three million shares outright, now worth $367 million, based on Yahoo&#8217;s closing price Thursday. Mr. Bohnett insists he is overlooking that bit of extra money. &#8220;I do not see this as a financial event,&#8221; he says. &#8220;And we did not start this company with money in mind.&#8221;</p>
<p>Chief Technical Officer John Rezner, 35, who worked nine years for aerospace company McDonnell Douglas Corp. before co-founding GeoCities, holds 827,000 shares worth $103 million.</p>
<p>The management team that came in with Mr. Evans last year&#8211;taking over from Mr. Bohnett to help with the IPO&#8211;is also well-situated. Chief Financial Officer Stephen Hansen, 42, who formerly held the same position at Universal Studios Hollywood, has options for about 600,000 shares of stock, which would be worth $74.7 million at current prices. Michael Barrett, 36, advertising vice president and former online executive with Walt Disney Co., has options for 280,000 shares, worth about $34.9 million.</p>
<p>There are, of course, all kinds of gnashing of teeth over whether the Internet entrepreneurs deserve such riches. But obtaining great wealth through luck or artful maneuvering is nothing new in American business history. Take the stock manipulators of the 1890s and the leveraged-buyout artists of the 1980s. It may be some consolation that GeoCities&#8217; founders can claim that they developed something that is used by many people. In its December Web-traffic report, research firm Media Metrix says the &#8220;GeoCities.com&#8221; Web site ranked third, behind America Online Inc. and Yahoo, with nearly 19 million different visitors.</p>
<p>Mr. Bohnett says the company was born from a &#8220;passion for giving people a chance to speak up.&#8221; Founded in 1994, GeoCities was one of the first Web-based communities, where users post individualized sites to express themselves.</p>
<p>Dubbed &#8220;homesteaders,&#8221; these customers create the bulk of the content on GeoCities. Their Web pages are organized into &#8220;neighborhoods&#8221; of personal interests and hobbies, such as personal finance or motorcycles, and monitored by a network of volunteers.</p>
<p>&#8220;My goal was to stake out a broader territory and create a community of interests, just in the same way Yahoo was helping people find their way around the Web,&#8221; says Mr. Bohnett, who led the company in a variety of top jobs, including chief financial officer, CEO and president. &#8220;Then we were going to monetize that base of users as the business model emerged.&#8221;</p>
<p>That model for profitability hasn&#8217;t yet arrived, in part because the company spends heavily to increase its market share. Thursday, it announced a net loss for last year of $18.2 million on revenue of $18.4 million.</p>
<p>Mr. Evans, a dark-haired man with a preppy demeanor and razor wit, has plenty of experience building businesses. He worked his way up in Mr. Zuckerman&#8217;s organization from sales and advertising jobs, and eventually served as president and publisher of several magazines.</p>
<p>After being approached several times about new-media positions, Mr. Evans says he decided to jump to GeoCities when the importance of the Internet became clear to him. &#8220;I think that by the time I really took a look at it, the whole sector had matured and gotten really interesting for those of us in the traditional media companies,&#8221; he says.</p>
<p>While Mr. Evans is loath to discuss the valuations of Internet companies, his former boss Mr. Zuckerman doesn&#8217;t dodge the opportunity to be philosophical about Web mania.</p>
<p>&#8220;It&#8217;s like they said in high school: &#8216;Boys will be boys and girls will be girls,&#8217;&#8221; Mr. Zuckerman says. &#8220;I don&#8217;t want to change anything, I just want to get in on it.&#8221;</p></blockquote>
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		<title>How to Juice AOL: A Spin-Out, Of Course, But Also a Reunion at Dulles HQ?</title>
		<link>http://kara.allthingsd.com/20090316/how-to-juice-aol-a-spin-out-of-course-but-also-a-reunion-at-dulles-hq/</link>
		<comments>http://kara.allthingsd.com/20090316/how-to-juice-aol-a-spin-out-of-course-but-also-a-reunion-at-dulles-hq/#comments</comments>
		<pubDate>Tue, 17 Mar 2009 01:32:45 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=10997</guid>
		<description><![CDATA[First came the go-go hello email, and now new AOL Chairman and CEO Tim Armstrong will address all the troops tomorrow at 11 am EST and has chosen to do so from, of all places, AOL's old center of power in Dulles, Virginia.

Many at AOL hope that Armstrong will quickly and transparently lay out plans for a spin-out of the Time Warner online unit from the media conglomerate, where it has languished for years. 

And sources said Armstrong could further up the ante and help raise the layoff-weary morale by having some former AOL execs from its glory days as the top online player in person at the event.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/03/spinout-lp.jpg"><img src="http://kara.allthingsd.com/files/2009/03/spinout-lp.jpg" alt="spinout-lp" title="spinout-lp" width="275" height="275" class="alignright size-full wp-image-10999" /></a></p>
<p>As soon as he got his new job last week, new AOL Chairman and CEO Tim Armstrong sent out a <a href="http://kara.allthingsd.com/20090315/youve-got-tim-armstrong-his-entire-first-email-to-aol-staff/">rather hopeful email to the troops</a>&#8211;his first communication as the latest leader of the ragtag online service.</p>
<p>&#8220;I’m really looking forward to seeing you and would love to hear your thoughts and suggestions,&#8221; wrote the former Google (GOOG) exec Friday (who alarmingly kind of resembles this Elvis image), &#8220;on how to make AOL and its sister properties the most powerful brands on the Internet.&#8221;</p>
<p>Well, one can hope!</p>
<p>To goose that dream, although he still does not officially start in the job until April 7, Armstrong is also addressing all the troops tomorrow at 11 am EST and has chosen to do so from, of all places, AOL&#8217;s old center of power in Dulles, Virginia.</p>
<p>AOL staffers I spoke to also hope most of all that Armstrong will quickly and transparently lay out plans for a spin-out of the Time Warner (TWX) online unit from the media conglomerate, where it has languished for years. </p>
<p>&#8220;Armstrong would not have taken the job if the plans for a spin out of AOL were not in place and it&#8217;s in everyone&#8217;s interests to signal that it&#8217;s a go right away,&#8221; said one source close to the situation. &#8220;The only catch is the poor economy, but even that should not prevent Time Warner from doing what&#8217;s right to finally fix AOL.&#8221;</p>
<p>And sources said Armstrong could further up the ante tomorrow and help raise the layoff-weary morale by having some former AOL execs from its glory days as the top online player in person at the event. </p>
<p><a href="http://kara.allthingsd.com/files/2009/03/ted_leonsis.jpg"><img src="http://kara.allthingsd.com/files/2009/03/ted_leonsis-207x300.jpg" alt="ted_leonsis" title="ted_leonsis" width="207" height="300" class="alignleft size-medium wp-image-11000" /></a></p>
<p>Several sources said one exec most likely to make an appearance is Ted Leonsis (pictured here), one of AOL&#8217;s most colorful top early execs and a longtime inspirational figure within its ranks.</p>
<p>Unlike most AOL execs from those days, many of whom were eventually run out on a rail, Leonsis also stayed on through its disastrous merger with Time Warner and beyond.</p>
<p>But, like all of the Dulles complex&#8211;which was once the bustling worldwide HQ for AOL&#8211;Leonsis finally left the company, after a falling out with the management regime that Armstrong just hipchecked out of power. He is now AOL&#8217;s vice chairman emeritus.</p>
<p>Both CEO Randy Falco and President Ron Grant moved AOL&#8217;s locus largely to New York, and minimized the staff and influence at Dulles, where most of AOL&#8217;s products have been made since its origins in the early 1990s.</p>
<p>&#8220;It&#8217;s a smart move to go to [the Dulles staff] directly first&#8230;the last regime pretty much shut them out&#8230;and that created bitterness, when we need to be unified,&#8221; wrote one AOL insider to me in an email.</p>
<p>(Sidenote: As the AOL beat reporter at the Washington Post back then, I actually went with then-PR head Jean Case to look over what became the Dulles facility, to see if it would be a good place to expand to; previously, AOL was located in nearby Vienna, behind a car dealership.)</p>
<p>A Leonsis visit at AOL will be like old home week, although some are hoping too that former AOL CEO Steve Case could also make an appearance. He and Leonsis still make online investments together.</p>
<p>But that might still be deeply controversial within Time Warner, where Case and also former Time Warner CEO Jerry Levin are widely blamed for situation that the company found itself in when the Web 1.0 bubble burst and AOL&#8217;s once vaunted valuation collapsed. </p>
<p>Although Case and Time Warner CEO Jeff Bewkes have since moved on, bygones have not been bygones within Time Warner.</p>
<p>And, while it is often denied by top execs, AOL has suffered because of ill-hidden grudges, which have partly prevented it from being revived, even as other Internet giants have been born in the interim.</p>
<p>Ironically, many of the current crop of shooting stars owe a lot to the pioneering and innovative AOL products, including: its AIM and ICQ instant messaging services, which echo an early version of Twitter; the &#8220;Buddy List,&#8221; which was all about friending; and its deep social networking roots, with chat rooms and profiles that were the Facebook of its day.</p>
<p>The question for Armstrong is: Can AOL go home again?</p>
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		<title>Kara Visits With PBS MediaShift Blogger Mark Glaser</title>
		<link>http://kara.allthingsd.com/20090218/kara-visits-with-pbs-mediashift-blogger-mark-glaser/</link>
		<comments>http://kara.allthingsd.com/20090218/kara-visits-with-pbs-mediashift-blogger-mark-glaser/#comments</comments>
		<pubDate>Wed, 18 Feb 2009 17:01:52 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=9921</guid>
		<description><![CDATA[Recently, BoomTown had a lovely lunch with PBS new media blogger Mark Glaser.

Glaser is a longtime free-lance journalist whom I first noticed when he wrote a weekly column for the USC Annenberg School of Communication's Online Journalism Review, post-Web 1.0 bubble, as well as for the most excellent "Media Grok" daily email newsletter for the now-defunct Industry Standard back in the midst of the froth.

He was always able to cut through that with a clear-headed tone--while maintaining a respect for what was good about traditional journalism, as well as an excitement about the possibilities of new media. Here's a video interview I did with Glaser about where new media is today.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/02/mark-glaser-head.jpg"><img src="http://kara.allthingsd.com/files/2009/02/mark-glaser-head.jpg" alt="mark-glaser-head" title="mark-glaser-head" width="160" height="160" class="alignright size-full wp-image-9964" /></a></p>
<p>Recently, BoomTown had a lovely lunch with PBS new media blogger Mark Glaser (pictured here).</p>
<p>Glaser is a longtime free-lance journalist whom I first noticed when he wrote a weekly column for the USC Annenberg School of Communication&#8217;s Online Journalism Review, post-Web 1.0 bubble, as well as for the most excellent &#8220;Media Grok&#8221; daily email newsletter for the now-defunct Industry Standard back in the midst of the froth.</p>
<p>Glaser was always able to cut through that with a clear-headed tone&#8211;while maintaining a respect for what was good about traditional journalism, as well as an excitement about the possibilities of new media.</p>
<p>His <a href="http://www.pbs.org/mediashift/">MediaShift</a> site for PBS has recently gotten much beefed up, with interesting pieces about a range of digital media topics, from a cool map-timeline combo from the Washington Post to a new business venture called the Printed Blog to, of course, the impact of social media on journalism.</p>
<p>(There is also an interesting closely linked site called <a href="http://www.pbs.org/idealab/">&#8220;Idea Lab,&#8221;</a> which is a group blog about reinventing community news in the digital age.)</p>
<p>Glaser writes on the MediaShift blog about once a week and has about a dozen contributors.</p>
<p>A recent post&#8211;and thank goodness for some counter-programming in the blogosphere&#8211;was titled: <a href="http://www.pbs.org/mediashift/2009/01/warning-dependence-on-facebook-twitter-could-be-hazardous-to-your-business029.html">&#8220;Warning: Dependence on Facebook, Twitter Could Be Hazardous to Your Business.&#8221;</a></p>
<p>Here&#8217;s my video interview with him, on a range of issues facing the media in the interactive world (apparently, journalists don&#8217;t know <em>everything</em>!):</p>
<div class="video-wsj"><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={13455874001}&playerid=4001&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="320" height="240" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div>
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		<title>The "Billionaires' Dinner" at TED: Readjusted for the 2009 Econalyspe</title>
		<link>http://kara.allthingsd.com/20090209/the-billionaires-dinner-at-ted-readjusted-for-the-2009-econalyspe/</link>
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		<pubDate>Mon, 09 Feb 2009 10:13:43 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=9492</guid>
		<description><![CDATA[Many years ago in the midst of the Web 1.0 boom, when working as a reporter for The Wall Street Journal, BoomTown redubbed an annual dinner that book agent John Brockman threw at the TED conference.

It was jokingly called the "Millionaires' Dinner," but I renamed it the "Billionaires' Dinner."

That was due to the frothy fortunes that had been made at the time by the Internet pioneers, from Amazon to AOL to eBay. Get it?!?

Well, despite the economic meltdown, there were still a lot of billionaires in attendance at Brockman's most recent dinner last Thursday in Long Beach. But he recounted to me that the proceedings were a lot more focused on the serious times we are in, as was the whole digerati-packed conference held last week.]]></description>
			<content:encoded><![CDATA[<p>Many years ago in the midst of the Web 1.0 boom, when working as a reporter for The Wall Street Journal, BoomTown redubbed an annual dinner that book agent John Brockman threw at the TED conference.</p>
<p>It was jokingly called the &#8220;Millionaires&#8217; Dinner,&#8221; but I renamed it the &#8220;Billionaires&#8217; Dinner.&#8221;</p>
<p>That was due to the frothy fortunes that had been made at the time by the Internet pioneers, from Amazon to AOL to eBay. <em>Get it?!?</em></p>
<p>Well, despite the economic meltdown, there were still a lot of billionaires in attendance at Brockman&#8217;s most recent dinner last Thursday in Long Beach. But he recounted to me that the proceedings were a lot more focused on the serious times we are in, as was the <a href="http://kara.allthingsd.com/20090202/a-new-location-for-an-iconic-conference-and-here-come-the-ted-fellows/">whole digerati-packed conference</a> held last week.</p>
<p>Indeed, Brockman now calls the event the &#8220;Edge Dinner,&#8221; after his lively <a href="http://www.edge.org">Edge</a> Web site, where he presides over a variety of eclectic online debates and discussions (in January, for example, the topic was: &#8220;DOES THE EMPIRICAL NATURE OF SCIENCE CONTRADICT THE REVELATORY NATURE OF FAITH?&#8221;).</p>
<p>Since I managed to miss the fete entirely (embarrassing confession: I fell dead asleep at 7 p.m. and did not wake until the next morning) and could not chronicle it, Brockman allowed me to post some photos from the event taken by him and by former Microsoft research guru and current intellectual property mogul Nathan Myhrvold. </p>
<p>Here are some, and <a href="http://www.edge.org/documents/dinner2009/dinner09_index.html">you can see the rest here</a> (click on the images to make them larger):</p>
<p><strong>Google co-founder Larry Page and Applied Minds&#8217; Danny Hillis</strong></p>
<p><a href="http://kara.allthingsd.com/files/2009/02/58.jpg"><img src="http://kara.allthingsd.com/files/2009/02/58-300x222.jpg" alt="" title="58" width="300" height="222" class="aligncenter size-medium wp-image-9493" /></a></p>
<p><strong>Former AOL kingpin and Revolution Health&#8217;s Steve Case and Jean Case, Case Foundation</strong></p>
<p><a href="http://kara.allthingsd.com/files/2009/02/8-1.jpg"><img src="http://kara.allthingsd.com/files/2009/02/8-1-300x200.jpg" alt="" title="8-1" width="300" height="200" class="aligncenter size-medium wp-image-9494" /></a></p>
<p><strong>Twitter CEO Evan Williams and Neoteny&#8217;s Joi Ito</strong><br />
<a href="http://kara.allthingsd.com/files/2009/02/25.jpg"><img src="http://kara.allthingsd.com/files/2009/02/25-300x219.jpg" alt="" title="25" width="300" height="219" class="aligncenter size-medium wp-image-9495" /></a></p>
<p><strong>Nathan Myhrvold, Google&#8217;s Marissa Mayer and Nathan Wolfe of Stanford University</strong><br />
<a href="http://kara.allthingsd.com/files/2009/02/18.jpg"><img src="http://kara.allthingsd.com/files/2009/02/18.jpg" alt="" title="myhrvold.mayer.wolfe" width="240" height="160" class="aligncenter size-medium wp-image-9501" /></a></p>
<p><strong>Amazon Founder and CEO Jeff Bezos</strong></p>
<p><a href="http://kara.allthingsd.com/files/2009/02/bezos475.jpg"><img src="http://kara.allthingsd.com/files/2009/02/bezos475-300x200.jpg" alt="" title="bezos475" width="300" height="200" class="aligncenter size-medium wp-image-9500" /></a></p>
<p><strong>Microsoft Co-founder Bill Gates and DEKA&#8217;s Dean Kamen</strong> </p>
<p><a href="http://kara.allthingsd.com/files/2009/02/55.jpg"><img src="http://kara.allthingsd.com/files/2009/02/55.jpg" alt="" title="gates.kamen" width="240" height="140" class="aligncenter size-medium wp-image-9499" /></a></p>
<p><strong>New Media Nabobs Tim O&#8217;Reilly and Arianna Huffington</strong></p>
<p><a href="http://kara.allthingsd.com/files/2009/02/37.jpg"><img src="http://kara.allthingsd.com/files/2009/02/37.jpg" alt="" title="oreilly.huffington" width="237" height="240" class="aligncenter size-medium wp-image-9502" /></a></p>
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		<title>Bartz to Be Named Yahoo CEO: Now What's Next?</title>
		<link>http://kara.allthingsd.com/20090113/bartz-to-be-yahoo-ceo-now-what-next/</link>
		<comments>http://kara.allthingsd.com/20090113/bartz-to-be-yahoo-ceo-now-what-next/#comments</comments>
		<pubDate>Tue, 13 Jan 2009 18:12:21 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=8447</guid>
		<description><![CDATA[It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.

Sources close to the situation told BoomTown--which had first named the former Autodesk CEO the top pick for the top job at the troubled Internet company last week--that Bartz has been approved for the job by the Yahoo board and has accepted it.

The Wall Street Journal is also reporting the move.

But can the experienced tech exec turn Yahoo around?]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/01/carolbartz.jpg"><img src="http://kara.allthingsd.com/files/2009/01/carolbartz-227x300.jpg" alt="" title="carolbartz" width="227" height="300" class="alignright size-medium wp-image-8478" /></a></p>
<p>It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.</p>
<p>Sources close to the situation told BoomTown&#8211;which had <a href="http://kara.allthingsd.com/20090107/new-prospect-for-yahoo-ceo-carol-bartz/">first named the former Autodesk CEO the top pick last week</a>&#8211;that Bartz (pictured here) has been approved for the job by the Yahoo board and has accepted it.</p>
<p>The <a href="http://online.wsj.com/article/SB123186912962877807.html?mod=testMod">Wall Street Journal is also reporting the move</a>.</p>
<p>The pick is one of the safest Yahoo (YHOO) could have made, which is typical for it, choosing an experienced and strong public company CEO, but one without a lot of experience in advertising or the Web 2.0 Internet.</p>
<p>Sources close to the CEO search said that the Sunnyvale, Calif.-based company&#8217;s headhunter, Heidrick &#038; Struggles, has told many that Yahoo would also be looking for a strong No. 2 with more Internet and product experience if a CEO with less online background was selected.</p>
<p>Candidates for that position are numerous.</p>
<p>That job is not likely to fall to its current incumbent, Yahoo President Sue Decker, although Bartz could choose to keep Decker, given her experience and depth of knowledge about Yahoo. </p>
<p>But it could be a little odd, too, if Decker stays, since she was also vying for the CEO job and was one of the top internal candidates.</p>
<p>But sources close to the Yahoo board said that many inside and outside the company would have reacted badly to a Decker appointment as CEO, given that she has been No. 2 to outgoing Yahoo CEO and Co-founder Jerry Yang.</p>
<p>The pair have presided over a decline in Yahoo&#8217;s business and an even deeper one of its stock.</p>
<p>Sources who have spoken to Decker said it is more likely she will leave the company, and had stayed this long out of loyalty to Yang.</p>
<p>Most controversially, some are concerned about Bartz&#8217;s possible closeness to Decker and Yang&#8211;Bartz serves on the Cisco (CSCO) board with Yang and the Intel (INTC) board with Decker&#8211;seeing the choice as an attempt by Yang to stay in power at Yahoo.</p>
<p>Yahoo&#8217;s board has also gotten a lot more rebuffs from outside execs than expected for the top spot, because of its major challenges. While rich in assets and online traffic, the company has suffered over the last year from a range of internal and external troubles.</p>
<p>In a <a href="http://kara.allthingsd.com/20090109/like-boomtown-said-bartz-is-tops-on-the-yahoo-ceo-short-list-heres-the-reaction/">reaction piece to the possibility of making Bartz the CEO</a> of Yahoo I posted last week, the reaction was mixed, with some lauding it as an important move to steady the long troubled company, while others called it problematic for the Yahoo leader not to have a deep Web background.</p>
<p>One thing is sure: Bartz does know tech, unlike former CEO Terry Semel, who hailed from Hollywood. And she also knows how to run a company like clockwork, unlike Yang, who&#8211;while inspirational&#8211;has had a rocky tenure and has been considered weak in execution.</p>
<p>With an <a href="http://mediamemo.allthingsd.com/20090113/first-up-for-carol-bartz-deliver-yahoos-miserable-q4-report-card/">upcoming fourth-quarter results report</a> on Jan. 27 likely to be a disaster, Bartz will have a lot on her plate, including working out a much expected search partnership with Microsoft (MSFT) and deciding what to do about the constipated deal to buy Time Warner (TWX) online unit AOL.</p>
<p>And, oh yes, fix Yahoo&#8217;s troubled graphical ad business and weak morale!</p>
<p><a href="http://digitaldaily.allthingsd.com/20090113/jerry-yang-is-out-premium-apparently-already-baked-into-yahoo-stock-price/">Early investor response to Bartz has been muted</a>, at best, despite her solid credentials. </p>
<p>Bartz, 60, is certainly an experienced and very well-regarded tech exec, with the talent to turn things around. She served as chairman, president and CEO for 14 years at the San Rafael, Calif.-based Autodesk, which makes computer-aided design software for engineers.</p>
<p>While there, Bartz presided over huge growth at Autodesk (ADSK), stepping down in April of 2006 to spend more time with her family, and has since served as its executive chairman.</p>
<p>She also put in stints at other big tech companies, including Sun Microsystems (JAVA), Digital Equipment Corporation and 3M (MMM).</p>
<p>According to her <a href="http://usa.autodesk.com/adsk/servlet/item?siteID=123112&#038;id=348263">resume on Autodesk&#8217;s Web site</a>, Bartz holds an honors degree in computer science from the University of Wisconsin.</p>
<p>Bartz is also on the boards of a blue chip list of tech companies and organizations, including Intel, Cisco Systems, NetApp (NTAP), and the Foundation for the National Medals of Science and Technology.</p>
<p>She is also exactly the kind of serious, seasoned public company CEO with tech experience whom <a href="http://kara.allthingsd.com/20081203/yahoo-board-casts-about-for-new-ceo-no-committee-six-criteria-and-aol-merger-ready/">Yahoo&#8217;s board has told investors and others it is looking for</a>, with skills to pull off mergers and think strategically.</p>
<p>But Bartz also was in charge of a more old-school kind of tech company and has less experience in the faster-moving Web environment that prevails now.</p>
<p>Although she toughed it out successfully, Bartz underwent difficult times during the Web 1.0 era, in fact, when investors were worried about Autodesk&#8217;s prospects in the online era.</p>
<p>Most critically, Bartz also has less advertising experience, which is Yahoo&#8217;s principal business.</p>
<p>In addition, Autodesk is half the size of Yahoo.</p>
<p>Nonetheless, she is well-liked in the tech community and has ties to key companies Yahoo must deal with, including Microsoft.</p>
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		<title>New Prospect for Yahoo CEO: Carol Bartz</title>
		<link>http://kara.allthingsd.com/20090107/new-prospect-for-yahoo-ceo-carol-bartz/</link>
		<comments>http://kara.allthingsd.com/20090107/new-prospect-for-yahoo-ceo-carol-bartz/#comments</comments>
		<pubDate>Thu, 08 Jan 2009 00:16:29 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=8250</guid>
		<description><![CDATA[How did BoomTown forget former Autodesk exec Carol Bartz for Yahoo CEO?

Yahoo certainly hasn't. According to several sources familiar with Yahoo's search for a new leader to replace Co-founder Jerry Yang, the company is looking hard at the longtime and high-profile Silicon Valley executive.

Bartz is certainly an experienced tech exec and was chairman, president and CEO for 14 years of a company that makes design software. She also serves on the board of Cisco with Yang and on the board of Intel with Yahoo President Sue Decker.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/01/cab-black-headshot_resized2.jpg"><img src="http://kara.allthingsd.com/files/2009/01/cab-black-headshot_resized2.jpg" alt="" title="cab-black-headshot_resized2" width="107" height="143" class="alignright size-medium wp-image-8251" /></a></p>
<p>How did BoomTown forget former Autodesk exec Carol Bartz for Yahoo CEO?</p>
<p>Yahoo certainly hasn&#8217;t. According to several sources familiar with the Yahoo (YHOO) search for a new leader to replace Co-founder Jerry Yang, the company is looking hard at the longtime and high-profile Silicon Valley executive (pictured here).</p>
<p>Many I have spoken to inside and outside of Yahoo with knowledge of situation said the company is winnowing down its list to a few internal and external candidates and Bartz is a favorite. </p>
<p>While some speculate that Yahoo could announce a candidate sooner than later, it&#8217;s long past when Yahoo Chairman Roy Bostock promised some big investors a new and serious leader would be in place. </p>
<p>Some sources close to the board still think Yahoo could still end up opting for one of its own. </p>
<p>If so, the leading choice is most likely board member John Chapple, former Nextel CEO, although sources say he does not want the post now, preferring an outsider for Yahoo CEO. The other board member mentioned is Maggie Wilderotter, a former Microsoft exec.</p>
<p>Whoever gets the job needs to move quickly on a range of actions needed&#8211;from deciding the strategy with regard to a search deal with Microsoft (MSFT) to determining whether a long-running merger deal with Time Warner (TWX) online unit AOL should happen.</p>
<p>So far, Yahoo&#8217;s board has also gotten a lot more rebuffs from outside execs than expected for the top spot.</p>
<p>This is no surprise, due to the highly difficult task of turning the company around. While rich in assets and online traffic, Yahoo has suffered over the last year from a range of internal and external troubles.</p>
<p>Bartz is certainly an experienced and very well-regarded tech exec, with the talent to turn things around. She served as chairman, president and CEO for 14 years at the San Rafael, Calif.-based company that makes design software.</p>
<p>While there, Bartz presided over huge growth at Autodesk (ADSK), stepping down in April of 2006, and has since served as its executive chairman.</p>
<p>She also put in stints at other big tech companies, including Sun Microsystems (JAVA), Digital Equipment Corporation and 3M (MMM).</p>
<p>More interestingly, Bartz is also on the boards of a blue chip list of companies and organizations, including Intel (INTC), Cisco Systems (CSCO), NetApp (NTAP), and the Foundation for the National Medals of Science and Technology.</p>
<p>Yang is also on the board of Cisco, and Yahoo President Sue Decker is on Intel&#8217;s, so Bartz is a well known quantity to Yahoo.</p>
<p>She is also exactly the kind of serious, seasoned public company CEO with tech experience whom <a href="http://kara.allthingsd.com/20081203/yahoo-board-casts-about-for-new-ceo-no-committee-six-criteria-and-aol-merger-ready/">Yahoo&#8217;s board has told investors and others it is looking for</a>, with skills to pull off mergers and think strategically.</p>
<p>But Bartz also was in charge of a more old-school kind of tech company, and has less experience in the faster-moving Web environment that prevails now.</p>
<p>Although she toughed it out successfully, Bartz underwent difficult times during the Web 1.0 era, in fact, when investors were worried about Autodesk&#8217;s prospects in the online era.</p>
<p>Still, Bartz also has less advertising experience, which is Yahoo&#8217;s principal business.</p>
<p>Nonetheless, she is well-liked in the tech community and has ties to key companies Yahoo must deal with, including Microsoft.</p>
<p>Whether Bartz herself is interested in taking over a massive overhaul like Yahoo is unclear. I reached out to her for a comment, but have not heard back yet.</p>
<p>According to her <a href="http://usa.autodesk.com/adsk/servlet/item?siteID=123112&#038;id=348263">resume on Autodesk&#8217;s Web site</a>, Bartz holds an honors degree in computer science from the University of Wisconsin.</p>
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