As Paul tinkered, his friends sat around drinking beer while heavy metal played on the radio. “This is your truest Wisconsin experience,” mIEKAL said, “hanging out in an auto garage in the middle of nowhere.”
Wisconsin, however, announced itself with no such subtlety. After a weekend in Chicago, I’d driven west across Illinois, finally turning north amid the big estates near Forreston. Once I was over the state line, hills swelled up from the prairie, the sweet smell of manure wafted from dairy farms, and advertisements urged me to indulge in Cheddar cheese and frozen custard, bratwurst and ButterBurgers.
By the time I drove through New Glarus — a surreal town modeled on a Swiss village complete with chalet-style buildings and street signs in German — I knew I hadn’t simply entered a new state, but a new state of mind.
As culturally distinct as Wisconsin is, I was heading for a place that sat at yet another remove from mainstream America: Dreamtime Village, an intentional community of artists situated in the driftless hills of southwest Wisconsin (so called because they escaped the rough, cold touch of ice age glaciers).
Once known as communes, until the word became overly associated with hippies and other cultural relics of the 1960s and ’70s, intentional communities have a long history in this country, going back to the Shakers and even, I suppose, the Pilgrims. I’d long wanted to visit one, to see how utopian ideals were surviving in the more cynical America of today, and so I logged on to www.ic.org and searched for intentional communities in Wisconsin and Iowa. At first, I found what I had expected: devout Christians, pagan farmers and a polyamorous “family” (my wife, Jean, vetoed that one). Almost all, however, wanted serious members, not casual visitors like me.
Monthly Archives: June 2007
Roche Buys Madison’s NimbleGen Systems for $272.5M
Jeff Richgels summarizes the deal:
NimbleGen’s revenues have been growing strongly, from $4.5 million in 2004, to $9.5 million in 2005 and $13.5 million in 2006, but it has accumulated a total loss of $44.5 million as of the end of 2006, including losses of $8.3 million in 2004, $5.2 million in 2005 and $6.8 million in 2006, according to its IPO filing.
The company had raised $70 million in private funding and had $19 million in cash and cash equivalents as of Dec. 31, 2006.
A few interesting data points: $272.5M Sale price, $70M capitalization, 140 employees (850K to $1M monthly staff burn rate, maybe much more) and $19M cash and equivalents at the end of 2006. These numbers nicely illustrate the risks and potential upside of technology plays. While $272.5M is not a home run by VC standards (10X+), it’s a nice out for many, perhaps most (all?) investors. It would be interesting to find out if some of the capitalization included participating preferences.
The good news for Dane County? Some of that money will probably finds its way back into new startups.
Kathleen Gallagher has more.
The Next 10 Years: Focusing on Corruption
Lessig chooses an excellent new direction:
The bottom line: I have decided to shift my academic work, and soon, my activism, away from the issues that have consumed me for the last 10 years, towards a new set of issues. Why and what are explained in the extended entry below.
Three people I admire greatly are responsible for at least inspiring this decision.
…..
Yet governments continue to push ahead with this idiot idea — both Britain and Japan for example are considering extending existing terms. Why?
The answer is a kind of corruption of the political process. Or better, a “corruption” of the political process. I don’t mean corruption in the simple sense of bribery. I mean “corruption” in the sense that the system is so queered by the influence of money that it can’t even get an issue as simple and clear as term extension right. Politicians are starved for the resources concentrated interests can provide. In the US, listening to money is the only way to secure reelection. And so an economy of influence bends public policy away from sense, always to dollars.
The “Cashectomy” of AT&T
Cringely makes some useful points regarding the business relationship between Apple and AT&T:
What could AT&T be praying for? Plenty of things, but the most obvious theme I see is how to compete with Verizon, Comcast, and all the national cell phone providers. With Verizon, AT&T has to defend its decision to stick with a copper broadband infrastructure instead of the more expensive optical fiber Verizon has picked. With Comcast, AT&T has to defend its copper plant against Comcast’s copper plant, which is about to gain a LOT more bandwidth thanks to new modems using more advanced modulation techniques. And against the other mobile operators, AT&T has to defend its decision not to go full 3G with the iPhone.
Are you noticing a trend here? AT&T is facing a potential bandwidth crisis when it comes to customer perception and it is logical to assume that Apple helped create that crisis. After all, the iPhone could easily have been made to work with 3G. Since AT&T HAS a 3G network, the decision not to use it was probably complicated and some of that complication may have come from Steve Jobs saying, “We don’t need it. The iPhone will be insanely great with G2.5, thanks.”
AT&T clearly prefers to spend money on lobbying and advertising, rather than substance (fiber to the home).
Rory Stewart in Kabul
Stewart, who now heads a nongovernmental organization called the Turquoise Mountain Foundation (TMF), had come into Aziz’s good graces by way of his ongoing efforts to save the Old City from imminent destruction. One could be forgiven for assuming that, in Afghanistan, such a threat might be related to Taliban missiles or suicide bombers. But in counterintuitive fact, the culprit is a real estate boom. Everywhere in Kabul, bulldozers are flattening whole city blocks of traditional Afghan mud architecture to make room for modern glass-and-concrete buildings, fueled by billions of dollars in aid money and opium profits.
Stewart and I had spent the morning slogging through the mucky, trash-strewn lanes of the Old City, specifically a quarter called Murad Khane on the north bank of the Kabul River. Initially I had a hard time appreciating exactly what it is that’s worth saving. Murad Khane is a warren of boxy, flat-topped, one- and two-story mud buildings laced with winding passageways so packed with decades of uncollected garbage that street levels had risen seven feet (two meters) in some areas, forcing residents to contort themselves to enter their front doors. There was no plumbing, no sewage system, no electricity. Residents relieved themselves in the open. Loitering men smoked hashish.
Jack LaLanne Interview
An interesting video chat with the “godfather of fitness“.
AT&T: Sticking it to us Yet Again
AT&T Inc. has joined Hollywood studios and recording companies in trying to keep pirated films, music and other content off its network — the first major carrier of Internet traffic to do so.
The San Antonio-based company started working last week with studios and record companies to develop anti-piracy technology that would target the most frequent offenders, said James W. Cicconi, an AT&T senior vice president.
The nation’s largest telephone and Internet service provider also operates the biggest cross-country system for handling Internet traffic for its customers and those of other providers.
As AT&T has begun selling pay-television services, the company has realized that its interests are more closely aligned with Hollywood, Cicconi said in an interview Tuesday. The company’s top leaders recently decided to help Hollywood protect the digital copyrights to that content.
“We do recognize that a lot of our future business depends on exciting and interesting content,” he said.
But critics say the company is going to be fighting a losing battle and angering its own customers, and it should focus instead on developing incentives for users to pay for all the content they want.
AT&T’s complicity in domestic surveillance via an EFF lawsuit.
Duncan Riley offers up a name change: American Tracking & Takedown. David Weinberger notes that AT&T is going to “exit the internet”.
It is disappointing to see our local politicians carrying the water for AT&T.
Interesting China Photo Set
The 50 Best Business Blogs
Internet blogs are taking on big corporations and winning. As the bloggerati continue to set the agenda Times Online provides the first full list of the 50 top blogs, corporate and anti-corporate alike. This list is a work in progress – scroll down to let us know your suggestions.
Cleaning Up Firms’ Online Reputation
The companies cite success stories of customers who have buried snippy blog comments, embarrassing photos or critical mentions of their names. But, as Ms. Parascandola found out, the services can’t wipe everything off the Internet, and their efforts can backfire. ReputationDefender sent a letter to political blog Positive Liberty asking it to remove Ms. Parascandola’s name from a critical entry on the grounds the post was “outdated and invasive.” Blogger Jason Kuznicki refused, and posted a new entry mocking the request. He says he “had a good laugh over it.”