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In the first product release following the death of Steve Jobs, Apple Inc. introduced the third version of the iPad.
Regular readers of the DeBord Report know that I'm a big fan of/occasionally exasperated by Fred Wilson, a prominent venture capitalist and avid blogger. Fred is a partner at Union Square Ventures in New York, with investments in companies like Foursquare, Disqus, and my new favorite search engine with a silly name, Duck Duck Go.
But Fred also blogs every single day without fail. Recently, he tackled the question of whether mobile devices can replace laptops for workers on the go. For some folks, they already have. I ran into our CEO in the elevator a few weeks back and somehow got to discussing my new briefcase. "This is my briefcase," he said, brandishing his iPad.
It used to be inconceivable that you'd leave home without your laptop, especially if you had heavy content production on your agenda. I've heard tales of bloggers who can do their thing on tablets and even smartphones, but for the majority, I don't think the adoption of laptop alternatives has been that aggressive.
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U.S. Sen. Chuck Schumer (D-NY) has been a proponent of the JOBS act.
The Jump-start Our Business Start-ups (JOBS) act just passed the Senate. The House passed a measure with the same objectives, so now it's up to the that body to revise the legislation and move a bill closer to becoming law. You can read a summary here.
This is not legislation that has failed to inspire both support and dismay.
Venture capitalist Fred Wilson loves it:
I'd like to thank our elected officials for coming together in a non-partisan way to address an important set of issues and deal with them sensibly and correctly. This doesn't happen enough in Washington and we need more of this. I know that the majority leadership in the Senate, particularly Harry Reid and Chuck Schumer, fought back a mini revolt among the left wing of its party to get this bill passed. I applaud them for doing that and standing up for something that was not popular in their caucus. That is leadership and I appreciate it and I am sure the readers of this blog do too.
James can't wait to get his hands on a spreadsheet. Right after he gets done with Angry Birds.
Another great post from Fred Wilson, a successful venture capitalist and partner at Union Square Ventures in New York. This one has nothing to do with startups or high-risk/high-reward finance and any of the nice juicy VC stuff. This one is all about...budgets. Budgets...for kids! Here's Fred:
For a long time, probably the first fifteen years of our life together, [my wife and I] lived paycheck to paycheck. Sometimes it was two paychecks, other times it was one. For a brief period as I was starting Flatiron, it was none. I got shingles that year.
As our income went up and down, our spending had to do the same. I created "fredsheets" that we looked over, debated, discussed, and then adjusted and signed off on. Then we created budgets so that each of us would live to these spending plans. It worked. We always made it to the next paycheck. Many times by the skin of our teeth.
In the second fifteen years of our life together, we've had the pleasure of living in a different financial situation. But we still use budgets. We created budgets for our kids which they live up to. We created budgets for our real estate projects, our angel investing, art collecting, and so on and so forth.
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Apple's new iBooks 2 app is demonstrated for the media on an iPad at an event in the Guggenheim Museum January 19, 2012 in New York City.
Over at Fred Wilson's AVC blog, he writes about the gangbusters success of the Raspberry Pi, a very rudimentary Linux-based $35 computer that has no display or keyboard but can be plugged into a TV. And he comes to two striking conclusions, in as few words as possible:
When the cost of tablet displays comes down, which they will, I think we'll see sub $100 tablets. And I suspect that will happen in the next 3-5 years.
For markets that can be end to end digital, like education, this is a game changer.
Let's tackle his first point: a sub-$100 tablet. This is a disaster for Apple (keep an eye out for my post later today about how Apple can and can't get to $1,000 a share). Cupertino needs to defend its pricing model at all costs. As I've written before, price is the most important thing for Apple — not innovation or design. In fact, I'd argue that pricing, specifically pricing for a 30-percent profit margin, is Apple biggest innovation. At least of the Steve Jobs Second Act Apple.
Duck Duck Go is search that cares about privacy above all else.
I've been cheating on Google quite a bit these past few weeks with a new-ish search site called Duck Duck Go. I first heard about the site — which operates out of that hotbed of technological innovation, the veritable Silicon Valley of the Northeastern corridor, Valley Forge, Penn. — from its main venture funder, Union Square Ventures. USV's Fred Wilson has blogged about Duck Duck Go a few times. I use other services/companies in USVs portfolio — Disqus, Dwolla — so I was intrigued.
Duck Duck Go is not Google, but that's the point. I'm not sure if it's even really a new kind of search, nor do I think it sells itself that way. It is definitely less fussy, quicker search. I'll let Fred tell it:
[I]t may also be that other search engines are doing things that some users don't approve of and those users are shopping around for a new search engine. If you are in that camp, join me at DDG and see what clean, private, impartial and fast search is like.