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Where the Bank Bailout Went Wrong – NYTimes.com
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TWO and a half years ago, Congress passed the legislation that bailed out the country’s banks. The government has declared its mission accomplished, calling the program remarkably effective “by any objective measure.” On my last day as the special inspector general of the bailout program, I regret to say that I strongly disagree. The bank bailout, more formally called the Troubled Asset Relief Program, failed to meet some of its most important goals
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创业格言：你必须解决人们真正的问题，但问题是人们通常不知道自
创业格言：你必须解决人们真正的问题，但问题是人们通常不知道自己真正的问题是什么，所以这问题很棘手。 ~Joshua Schachter（Delicious创始人）
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Google Payment VP/Former PayPal Exec Osama Bedier On eCommerce: Major Change Is Coming
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Bedier started his Web 2.0 Expo talk by emphasizing that eCommerce hasn’t changed very much in 13 years, but then said that it was about to go through a major transition, as the convergence of mobile, local and social will change the industry. He set aside three elements that needed to be in place before the next eCommerce revolution.
1. Payments need to go digital.
2. Inventory needs to live in the cloud.
<!– p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica} –>3. Identity needs to be interoperable.
So what does the future of eCommerce look like? It looks like it did 50 years ago, with a completely personalized experience according to Bedier. “But over coming these challenges, it’s not about any one app site or company,” everyone has to work together, Bedier said.
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With +1, Google Search Goes Truly Social — As Do Google Ads
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Again, you’ll be able to +1 any Google ad you see in results just as if it were a regular result. This is similar to the concept Digg has been using with Digg Ads (ads that you can digg), and sort of like the way you can retweet any Twitter Promoted tweet. Of course, it’s most like the way that you can “like” any ad on Facebook as well.
At the end of the day, that’s what this really all comes down to. Whether they’ll admit it or not, Google is at war with Facebook for control of the web. Facebook is coming at it from a social perspective, Google from a data perspective. But the two sides have been inching closer to one another. Facebook isn’t fully doing search — yet. But their social ad play is also a huge threat to Google. Probably even a bigger threat, since that’s the way Google makes the vast majority of their money. And +1 is a big attempt to keep pace with Facebook in that regard.
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Biz Stone Talks About Awkward Acquisition Meeting With Zuck On Howard Stern
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He said it was awkward from the start. Biz was trying to throw jokes around, and each joke died. “It seemed like he had twelve people in his head,” explains Biz, “He was prepared for every scenario.” Zuck told Ev and Biz that he doesn’t like to talk numbers, but if they told him a number he would say yes or no. The $500 million price was thrown out and Zuck responded with “that’s a big number.” Eventually Biz says there was an offer of a mix of cash and stock but when Ev returned to the office that afternoon, he wrote Zuck a note that they were flattered by the offer but not interested in selling. And the rest is history.
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ignore the code: Skype 5 for Mac
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Again, easy to understand, simple, but still giving me everything I might need. I can add more people to the conversation, go back to earlier messages, or call people.
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This is a far cry from how most people use Skype, but the point is that Skype used to support both kinds of users. If you were a casual user, Skype used to be simple and easy to understand. If you had more demanding needs, Skype used to be able to grow alongside your needs.
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奇虎360共发行了1210万份美国存托股票（ADS），每股发行价14.50美元，开盘价为27美元。IPO之后，奇虎360发行在外的普通股接近1.75亿股，约合1.17亿股ADS，另向基石投资者定向发行3334276股ADS，奇虎360共发行约1.2亿股ADS。以开盘价计，奇虎360公司市值达到了32.4亿美元，超过了盛大的28.76亿美元。
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奇虎360市值超30亿美元 周鸿祎涂鸿川等成最大赢家 – 投资界 – 清科集团旗下中国股权投资行业门户网站
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投资界3月30日晚消息，安全软件开发商奇虎360科技有限公司（以下简称“奇虎360”）于今晚在纽约证券交易所挂牌上市，首日开盘价为27美元，较发行价14.50美元上涨86.2%，总市值约32.4亿美元，超过了盛大的28.76亿美元。按照每ADS收益0.075美元计算，开盘价市盈率正好360倍。周鸿祎、涂鸿川、齐向东三股东成三大赢家。
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根据招股说明书，前三大股东及IPO前后持股比例如下：
IPO前周鸿祎为公司第一大股东，持股21.5%，IPO后稀释为18.46%；
第二大股东为投资机构高原资本及董事总经理涂鸿川，IPO前持股17.69%，IPO后稀释为15.94%；
第三大股东为奇虎360总裁齐向东，IPO前持股12.43%，IPO后稀释为10.67%。
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Hacker News | Quick Poll: The fate of Color
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Fact is, Sequoia isn’t a fly-by-night operation. No doubt they’re investing in the idea, the team and the (non-public) direction it’s going. I wouldn’t be so quick to declare failure.
Spontaneous geo connections, which seems to be the idea (like most other people, I don’t quite “get it” yet), is an interesting idea. It reminds me a little of Twitter, actually.
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I am just looking at the idea and it looks overly complex to be instantly usable. Experimental if you will, solving a problem that does not exists, and more fit for an academic research rather than a business venture. That’s not even considering the amount of funding.
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Hacker News | I changed my opinion on Color after seeing this Interview with Bill Nguyen
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I think they’re trying to enable “introverts,” give them confidence and an icebreaker to approach people around them. Your solution, “put away your phone” is easier said than done, especially for introverts. Personally I hate being glued to my phone in public as many people are, because it reminds me of how far apart people are by using their phone as a crutch to not interact.
Its hard to predict how color might affect an outdoor street atmosphere, but their goals are admirable.
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After watching the interview I had what you could probably describe as an epiphany: Proximity and general “localness” are topics that really we have only yet scratched the surface of. Seeing this refreshing view of what a social network like this could look like, really opens up the door to all kinds of possibilities.
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i had this same epiphany when i saw the ‘waze’ app in action .. it’s a geolocal social network for people on the move (with built-in free gps) .. that way you can chat with people who are on the road with you, even if you have no idea who they are and you never actually meet them.. i discovered the app while stuck in a 2hr traffic jam and the updates from everyone else sitting in the same jam were awesome .. and exciting and transformed the experience of being stuck in traffic to a social experience. very cool.
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Work/Life Balance at a Startup — Just a Pipedream? « Jean Hsu
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Salesforce Buys Social Media Monitoring Company Radian6 For $326 Million
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Radian6 helps clients like Dell, GE, Kodak and UPS monitor, analyze and engage in ‘hundreds of millions’ of social media conversations. Salesforce argues that the acquisition of the company will enable it to enhance all of its products, including Sales Cloud, Service Cloud, Chatter and Force.com.
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SBS Dateline | China s Ghost Cities
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Video journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings… 64 million apartments are said to be empty across the country and one of the few shop owners says he once didn’t sell anything for four or five days.
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WATCH – Click to see his report.
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COURTING EAST TIMOR – Viewers might also be interested in this week’s story about China‘s increasing military cooperation with East Timor, and the implications for Australian politics.
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This is a private note
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Archive for March, 2011
My daily readings 03/31/2011
March 31, 2011My daily readings 03/30/2011
March 30, 2011-
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I want to write a bit about Amazon Cloud Drive because I think it is a very important product and it is mostly getting dismissed because of comparisons to Dropbox. Let’s hold up a sec. Amazon Cloud Drive is not Dropbox. It is something different. It doesn’t matter that it doesn’t do any of the magic syncing that Dropbox is known and loved for. It’s going to do something better: release an API and become a platform.
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Hacker News | Amazon Cloud Drive Is Not Dropbox
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I wouldn’t be surprised if a version of Dropbox that plays nicely with the Cloud Drive is one of the first Cloud Drive apps on the scene. It makes a great deal of sense. Instead of paying Dropbox for storage and syncing, we could just pay them for syncing.
It seems rather unlikely to me that people would pay dropbox for their syncing service to store things on someone else’s paid storage. I would think that the dropbox software exists to drive people to their relatively high margin de-duplicated cloud storage subscriptions.
In a similar fashion it seems likely to me that Cloud Drive exists to drive adoption & volume to Amazon digital music, a market that dwarfs the size of the online storage game.
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Somebody should create a simple little app on top of S3 that runs on all your devices and creates an automatically synced folder. They should make it free for the first couple GB too.
Then Cloud Drive would seem kind of lame.
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Hacker News | Evan Williams on leaving Twitter
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Why does this make you upset?
I’ve noticed that few people can be both a “starter” and a “maintainer”. And even fewer actually enjoy it. There’s a reason why only the really big names stay on for so long.
The people who start the company usually get bored when it comes time to go into stabilization mode. The people who maintain the company once it has stabilized usually don’t like the uncertainty that comes with building a new idea.
In short, I don’t think there’s any reason to lament the new way of doing things. It’s better for the company and it’s better for the founders.
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Firefox for mobile allows users to take the Firefox experience they love everywhere and minimizes typing with features like tabbed browsing, bookmarks, add-ons and Firefox Sync. With a sleek new look that hides browser controls when not in use, Firefox allows users to focus on the websites they visit. Firefox Sync gives users seamless access to their browsing history, bookmarks, open tabs, form data and passwords across computers and mobile devices. Firefox also offers thousands of ways to customize the features, functionality and look of mobile Web browsing with Firefox Add-ons.
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Focus on Web content: Features like tabs, one-touch bookmarking and browser controls that stow away when not in use help users focus on the websites they visit
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- Awesome Screen: Type less with easy access to history, bookmarks and open tabs
- Save to PDF: Capture important websites, like directions or a boarding pass, to view offline
- Share Page: Share websites via apps like email, Facebook, Twitter, Google Reader and more
- Add Search Engine: Customize your search engine list
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Evan Williams | evhead: An Obvious Next Step
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I’m a very lucky guy. Over the past twelve years, I’ve had the good fortune to work on two huge projects that happened to be the right idea at the right time. These ideas attracted brilliant, idealistic people to do the incredibly hard work of making them work for millions of other people across the globe. And through each, I learned a tremendous amount about business, products, and people.
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I’ve now spent about five years on Twitter, as well—in a variety of different capacities. Twitter has a funny history. It spent its first six months as a side project of Odeo, a company I was running that didn’t have a lot of traction. Twitter didn’t have much traction either, so we shed Odeo, Inc. and pulled them both into Obvious Corp. When Twitter started to really take off, a year after it started, we spun it into its own corporation and made Jack the CEO. In theory, Obvious could then pursue new projects, but I spent more of my time as active Twitter chairman, which included everything from helping raise funds to coding. In spring of 2008, I was fully sucked in by the Twitter tornado, serving full-time as chief product officer at first and then CEO, which I did for two years.
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As part of SnapCast’s lean startup process, we’ve been doing problem/solution validation interviews for the last 3 weeks. Whenever we find someone who responses passionately about your problem or solution (good or bad), our eyes light up. We have spoken to many people who were luke warm – they were neither extremely excited nor incredibly negative. They say things like, “Yeah, I can see how this could work” or “If I tried it and I liked it, I’ll use it”. To me, reactions that are in the middle are the least useful when analyzing our data.
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Obviously if you find users who are passionate about your solution, you are on the right track to turn them into your early adopters. But how do you deal with the haters? What if people hate your idea or your solution? How do you pivot?
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My daily readings 03/29/2011
March 29, 2011-
有了Readability Redux扩展，再也不用偶尔怀念
有了Readability Redux扩展，再也不用偶尔怀念一下Safari了。这个事情很有趣，Chrome到底是哪里吸引我，放弃了习惯了6年多的Safari呢？
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Jack Dorsey & The Golden Gate Bridge (Exclusive Video)
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I want to talk about how we build things here, a little bit about the product, the work we do and the work we need to do. So, this is something I put on our Wiki a long time ago [shows slide], as one of our principles is to delight our users. But then I realized it’s more important to delight their users, which are their customers and payers. And the more we focus on that payer experience, the more we focus on really making that magical — and designing it. We win, our users win, and we get more users.
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My daily readings 03/28/2011
March 28, 2011-
Ten Entrepreneurship Rules for Building Massive Companies « Greylock VC
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What life lessons are unintuitive or go against common sense or wisdom? – Quora
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独家连线Mozilla基金执行董事：开放带来创新_互联网_科技时代_新浪网
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问：Drumbeat项目将把Mozilla的重点拓展到更多领域，并且提醒人们，它不仅从事浏览器的开发。能否详细解释一下Drumbeat的蓝图？这些创意从何而来？Drumbeat将在中国开展何种推广？
答：实际目的是加速开源模式在教育、艺术和科学领域的普及。例如，通过同样的大规模协作使得火狐也能够提供更好、更便宜的教科书，探索新的互相学习方式，甚至新的互助测试方式，并证明我们的技能。
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Hacker News | Was Einstein really a poor student?
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However, it is not so obvious that 6 is the highest score. While it was the case in Switzerland (where Einstein was studying at that age), it was the exact contrary in Germany at that time – 1 being the best score and 6 the lowest.
As pointed out in the Stack Exchange’s answers, this discrepancy in scoring systems may also have contributed to the myth of Einstein’s poor performance at school.
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education – Was Einstein really a poor student? – Skeptics – Stack Exchange
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In 1935, a rabbi in Princeton showed him [Einstein] a clipping of the Ripley’s [Believe it or Not] column with the headline “Greatest living mathematician failed in mathematics.” Einstein laughed. “I never failed in mathematics,” he replied, correctly. “Before I was fifteen I had mastered differential and integral calculus.” (Source: Time)
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My daily readings 03/25/2011
March 25, 2011-
A Few Android App Developers Rake in Millions | Gadget Lab | Wired.com
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apenwarr – Business is Programming
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I’ve decided that this characterization isn’t exactly fair. Sure, from ourview in the outside world, that’s obviously what’s happening. But ratherthan all those programmers being compressed into a spatial singularity,they’re actually emerging into a parallel universe on the other side. Auniverse where there *is* such a thing as a free lunch, threads don’t makeyour programs crash, parallelism is easy, and you can have millions ofcustomers but provide absolutely no tech support and somehow get away withit. A universe with self-driving cars, a legitimate alternative to C, aworking distributed filesystem, and the entire Internet cached in RAM.
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My daily readings 03/24/2011
March 24, 2011-
That Was Fast: The Speak-To-Search Extension For Chrome
How fast the innovation is! Also a very smart move
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Why didn’t I have such an idea? I get the same information about the speech feature, but didn’t think and connect it with users pain.
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Speechify is an extension that Dugley Labs churned out in record speed yesterday. With it, many of the search boxes you visit on the web gain the little microphone icon that when clicked, allows you to speak your search. It works on Google, Bing, YouTube, Hulu — a ton of sites. And it works well.
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Color Looks To Reinvent Social Interaction With Its Mobile Photo App (And $41 Million In Funding)
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But the founding team goes a long way toward explaining it. Headed by Bill Nguyen — who sold Lala to Apple in late 2009 — the company has attracted a wealth of talent. It has seven founders including Nguyen and company president Peter Pham, who previously founded BillShrink. And its chief of product is DJ Patil, who was previously LinkedIn’s chief scientist.
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43 Promising Startups Present At Y Combinator’s Biggest Demo Day Yet
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Of course, Demo Day is a bit different from what it was a year or two ago. The spectre of a $0 bank account is further off, as Y Combinator companies are now being offered $150,000 in convertible debt by Start Fund, the fund created by Yuri Milner and Ron Conway’s SV Angel. And there are now more companies than ever — 43 companies presented during Demo Day this afternoon, which means they’re each given a bit less time.
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My daily readings 03/23/2011
March 23, 2011-
How meetup.com brings in the cash with email marketing | Getting More Awesome
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So lets say you wanted to get a bunch of like-minded people to talk about books, web development, parenting, etc. You can go to Meetup.com and launch a “meetup”. You can also go directly to their site and search based on your interest and zip code for a meetup in your area.
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Why would anyone want to run a “meetup”?
Lots of reasons. But here are a few:
Meet like minded people, recruiting, seminars, business development, build a small community. Oh… also you can charge people to attend your meetup so this can turn into your own business.
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MetaLab Launches Flow, A Beautiful Tool For Task Management
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Beautiful Mac Mail Client Sparrow Really Sings With Full IMAP, Priority Inbox, And Multi-Touch
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Second, Gmail’s Priority Inbox has been added as a view option. This option is in a drop-down menu in the inbox itself. (There is also is an “Unread” filter in this drop-down.) These priority messages are marked in Sparrow by the familiar yellow indicator that Google uses.
The coolest addition is the multi-touch gestures. You can now pinch two fingers to both open and close messages. Three-finger swipes left and right will now show and hide a message in the panel. And three-finger swipes up and down will navigate through messages. All of these require a trackpad (though two-finger swipe on the Magic Mouse opens the panel), so if you’re using Sparrow on a desktop Mac, you’ll need the Magic Trackpad. Still, very cool.
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My daily readings 03/22/2011
March 22, 2011-
Fascinating article about why there’s very little crime/looting in Japan: http://www.slate.com/id/2288514
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Japanese nuclear worker on the news: “I am prepare
Japanese nuclear worker on the news: “I am prepared to die to avoid meltdown.” Say it with me–I will not complain about my job today.
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Don’t let anyone tell you that the tools you choos
Don’t let anyone tell you that the tools you choose are wrong or inappropriate. Find the right design and keep winning. http://is.gd/59OUSn
My daily readings 03/21/2011
March 21, 2011-
Hacker News | Don’t Bet Big. Little Bets Are The Ones That Turn Into Billion-Dollar Ideas
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Apple Approves Opera Browser for iPhone – NYTimes.com
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Apple already offers several browsers, like Incognito, Aquari and Shaking Web, besides its own Safari browser at the iPhone app store. But all of those use Safari’s own software rendering engine or other Apple components.
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Apple already offers several browsers, like Incognito, Aquari and Shaking Web, besides its own Safari browser at the iPhone app store. But all of those use Safari’s own software rendering engine or other Apple components.
Opera Mini is the first browser, Mr. Odland said, that has been approved to use its own software engine and components on the iPhone.
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“The Apple announcement is good news for Opera, but I don’t think it will be a game-changer,” said Carolina Milanesi, an analyst in London for the research firm Gartner. “The browser experience with Safari on the iPhone is fine. That is partly why the iPhone is so popular. That will be tough competition for Opera and the other rival browsers.”
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My daily readings 03/20/2011
March 20, 2011-
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金沙江创投合伙人朱啸虎：团购市场目前的竞争已经是一场资金以及运营能力的竞争了，如果没有至少5000万美元的投入、没有管理超过5000人的能力，就没办法胜出。
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某不愿透露姓名的外资VC：这是一个沙丁鱼效应。有一个动起来了，希望进入或保持第一军团的人只能跟随。拉手最先动了，其他人根据自己的选求需择跟随或不跟随。
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对于疯狂的广告，VC的钱，我觉得肯定是很大一个催化剂，因为没有钱就不可能打这么多广告嘛。投资最大的两个问题，一个是贪婪、一个是恐惧。我觉得现在这个阶段肯定是一个非常贪婪的阶段。尤其是团购这个行业大家都是非常贪婪，就希望成为第一，成不了第一也要成为第二。那如果在还没有精耕细作的情况下，最容易的做法肯定就是选择砸钱。说VC不理智，但能够说完全都不理智吗？是整个团购行业都有点不理智。就像我刚才说的，因为大家都还不太了解这个东西，VC也在砸钱，团购也在砸广告，商家、消费者也在做尝试。但长久以来肯定会回到这个事物最根本的价值。
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KPCB合伙人周炜：国内团购领域现在竞争激烈，可以说有一定的中国特色。就像把一只猴子放在美国，可能需要10年慢慢进化成人，但一定会变成人；但若把猴子放在中国，可能一年内就会进化成人，但也有可能变成怪物。一哄而上是中国市场的一种特点。
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简单而言，团购的进入门槛并不高，但其对细节的把握能力非常高，仅次于零售业。但是团服务还是团产品？其实服务和产品做团购，其是完全两种不同的操作模式。
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让分众的销售团队兴奋的，还有“千团大战”下，团购网站们不断传来的广告投放计划，据统计，2011年，团购网站的广告投放计划已超过10亿。他们的“兴奋”不无来由。就像江南春自己所说，“分众与团购网站的目标人群非常吻合”。
目前，分众的客户名单上，又添加了24券、F团、满座、糯米等团购网站，据说他们的月投放额度都在千万量级。
单从这点上，就不难理解易凯资本CEO王冉的那条微博：“每次走进电梯的时候，我都愈发相信：在中国风生水起的团购市场中做得最好的是分众。”
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“中小商户在不同阶段需要的营销方式是不同的”，龙伟称，因此，大众点评网将自己的模式定位为“Yelp(点评)+Groupon(团购)+Foursquare(地理位置信息服务)”。
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团购疯狂广告大战：还原Groupon_互联网_科技时代_新浪网
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其中Groupon做到了而爱卡没有做到的：是其把电子支付纳入了整个流程。消费者先付费后消费，其提前支付的费用都集中在Groupon的账户上。更重要的是Groupon的目标商户是独立的衣食住行服务商，这些终端不仅有自己定价权；其团购的很多服务都有相对高的固定成本，所以用低成本吸引额外顾客并不会增加太多成本。
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最容易理解的一点，销售人员每天都要骑着自行车满大街转悠，去说服商户试用团购这种新的营销方式。这种工作将是持续性的，基于团购更适于新的或者尚不成熟的生意，也没有一家商户会天天做这种推广，何况这还是一种非常本地化的生意，“在上海做得好的不见得在北京就一定做得好”。
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金沙江创投合伙人朱啸虎回忆说：之前他们在国内看了一圈团购网站后却仍很犹豫，大多数团队“都太年轻了”。曾经有过创业经历的朱啸虎说，公司规模一下子跃升时“从招聘到管理所有的事情都让人焦头烂额”。直到2010年看到拉手网的团队，朱啸虎才觉得对路子了。“60后”吴波是这个行业里的老男孩，“他有过带领团队的经历”，朱啸虎说。或许吴波的年龄也让他觉得踏实。
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“团购把我们的价格都打乱了”，裘维东说，打个比方，广维批发给礼品店的价格是5毛钱/张，他们对外销售的价格是1元钱/张，但团购网站也卖5毛钱/张的话，礼品店肯定卖不出去了。
后来，他发现，广维电影票的销量又逐渐恢复了，并重新进入上升通道。
生意人的敏感让裘维东又开始找原因。
“动力源自观众习惯的变化”，裘维东认为，团购的低价票也吸引了一批以前没有到影院观影习惯的人，他们享受完影院的服务后，即便没有团购的低价票，他们也很可能继续到影院去消费。
这也让裘维东开始转变对团购的态度，不久后，广维竟变成了众多团购网站的电影票供应商。
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团购网站疯狂广告大战：拼资本拼团队谁会赢_互联网_科技时代_新浪网
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历史上，没“杀”出来的公司不乏其例。1999-2000年，中国随处是“今天你亿唐了吗”的公交车身广告，但今天，很多人会问，亿唐是谁？而疯狂的广告恰恰成为PPG资金链迅速坍塌的一个导火索。
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核心提示：团购市场未来有可能会有几个主流的品牌公司能够生存并做大，同时一些有特点的垂直团购网站依然能够存活。
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在启明创投甘剑平看来，疯狂的举动背后不乏VC的因素。但张震觉得，最终起决定作用的还是创业者本身，毕竟，VC也只是占小股。看到后来者凡客能比PPG更长命的例子，或许我们不得不承认，起决定作用的，的确是创业者本身。
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张震认为，做团购看起来很简单，但首先会涉及到很多方面：首先，要与商家谈判，让商家愿意给你好的deal，还要设计出好的产品方案，要让商家满意，让消费者满意；第二，团购网站涉及到很多本地化的服务，不同地域的消费者有不同的消费特点，这就要求团队异地扩张和管理的能力一定要很强。
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团购是否对所有品类都适用？这也是个疑问。Groupon在美国只团服务，“因为服务和具体商品，完全是两套不同的做法。”NEA中国总经理蒋晓东说，产品势必涉及到售后服务、质量保证以及库存量等问题。
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然而国内却不尽然如此，在女性市场、母婴市场等出现垂直类的团购网站似乎也是一种趋势。根据百度截至去年10月的统计，餐饮美食是网民最为关注的团购产品，关注占比21.15%；汽车、电影票乃至家居建材、电子产品、化妆品、服装鞋帽等都紧跟其后。而美容美发服务的关注度仅为3.94%。
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做化妆品团购的聚美优品转向B2C，自建采购、仓储物流乃至配送队伍，持续增重的背后就是第三方的团购网站无法解决“诚信”的问题：假货以及退换货服务足以让人焦头烂额，这些问题并不是团购网站所能解决的。
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Good for cleaning reading
