Visiting Dignitaries

Bono Is Giving the TED Talk to End All TED Talks, Just Kidding It Will Never End

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Around this time last February, New York magazine wondered whether the golden age of ideas, sorry idea conferences, would leave “the clusterfuckoisie” without the uplifting epiphanies they paid so dearly to experience firsthand. “Might there be a cap on the number of interesting ideas in the universe?” asked Benjamin Wallace.

But the DAVOS-TED-Summit Series circuit has come back with a rejoinder in the form of rockstar-venture capitalist Bono (still listed as “Bono Rockstar” on Crunchbase, for those of you keeping track at home) who took the stage this afternoon in Long Beach. Read More

Facebook Faceoff

Relax, Facebook Is Not Making Bono Richer Than Paul McCartney . . . Yet

via Wikimedia

Yesterday, NME reported that once Facebook hit the stock exchange, Bono would usurp Paul McCartney’s role as the richest musician in the world. That’s because Bono (or “Bono Rockstar,” as Crunchbase lists him) invested in Facebook through Elevation Partners, which owns 2.4 percent of Class B shares. Based on the IPO pricing, that makes Elevation Partners stake worth more than $1.5 billion, whereas Mr. McCartney’s fortune is estimated at £665 million or $1.05 billion.  Read More