<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Betabeat &#187; bubbles</title>
	<atom:link href="http://betabeat.com/tag/bubbles/feed/" rel="self" type="application/rss+xml" />
	<link>http://betabeat.com</link>
	<description>Just another WordPress.com site</description>
	<lastBuildDate>Thu, 23 May 2013 16:55:59 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='betabeat.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://s2.wp.com/i/buttonw-com.png</url>
		<title>Betabeat &#187; bubbles</title>
		<link>http://betabeat.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://betabeat.com/osd.xml" title="Betabeat" />
	<atom:link rel='hub' href='http://betabeat.com/?pushpress=hub'/>
		<item>
				
		<title>Booting Up: Return of the Scroogled Edition</title>

		<comments>http://betabeat.com/2013/02/booting-up-return-of-the-scroogled-edition/#comments</comments>
		<pubDate>Thu, 07 Feb 2013 07:49:30 -0400</pubDate>
					<link>http://betabeat.com/2013/02/booting-up-return-of-the-scroogled-edition/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=78715</guid>
		<description><![CDATA[<p><a href="http://nyobetabeat.files.wordpress.com/2013/02/scroogled.png"><img class="alignleft size-medium wp-image-78716" alt="scroogled" src="http://nyobetabeat.files.wordpress.com/2013/02/scroogled.png?w=300" width="300" height="196" /></a>Microsoft is stepping up its Scroogled campaign, launching television, print and online ads attacking Google on privacy issues. To that end, page A9 of our edition of <em>The New York Times </em>features a half-page ad charging that Google "looks for keywords in your personal email and uses them to target you with paid ads." Gmail accounts. [<a href="http://bits.blogs.nytimes.com/2013/02/06/microsoft-attacks-google-on-gmail-privacy/">NYT</a>]</p>
<p>The Silicon Valley job market is growing at levels last scene in the late-1990s, a piece of information that's hard to receive without experiencing a pang of anxiety. Also nervous-making: when people in the Silicon Valley business community are saying things like "The growth is crazy and it's getting crazier." [<a href="http://www.mercurynews.com/business/ci_22524360/silicon-valley-job-growth-prodigious-returned-dot-com-boom-levels">Oakland Tribune</a>]</p>
<p>An organized crime syndicate used re-loadable prepaid debit cards to withdraw $11 million from ATMs in a pair of cyber heists in the last days of 2010. [<a href="http://krebsonsecurity.com/2013/02/crooks-net-millions-in-coordinated-atm-heists/">Krebs</a>]</p>
<p>Tumblr is adding real-time updates to its dashboard, a la Facebook's News Ticker. [<a href="http://techcrunch.com/2013/02/06/tumblr-adds-real-time-notifications-to-its-dashboard-and-it-feels-a-lot-like-facebooks-ticker/">TechCrunch</a>]</p>
<p>It wasn't so long ago that rappers were seeking out business gurus. Grammy-winning producer DeVon Harris says startups should be studying hip-hop. [<a href="http://qz.com/51429/startups-take-heed-from-hip-hop-sampling-holds-the-key-to-success/">Quartz</a>]</p>
]]></description>
		<content:encoded><![CDATA[<p><a href="http://nyobetabeat.files.wordpress.com/2013/02/scroogled.png"><img class="alignleft size-medium wp-image-78716" alt="scroogled" src="http://nyobetabeat.files.wordpress.com/2013/02/scroogled.png?w=300" width="300" height="196" /></a>Microsoft is stepping up its Scroogled campaign, launching television, print and online ads attacking Google on privacy issues. To that end, page A9 of our edition of <em>The New York Times </em>features a half-page ad charging that Google "looks for keywords in your personal email and uses them to target you with paid ads." Gmail accounts. [<a href="http://bits.blogs.nytimes.com/2013/02/06/microsoft-attacks-google-on-gmail-privacy/">NYT</a>]</p>
<p>The Silicon Valley job market is growing at levels last scene in the late-1990s, a piece of information that's hard to receive without experiencing a pang of anxiety. Also nervous-making: when people in the Silicon Valley business community are saying things like "The growth is crazy and it's getting crazier." [<a href="http://www.mercurynews.com/business/ci_22524360/silicon-valley-job-growth-prodigious-returned-dot-com-boom-levels">Oakland Tribune</a>]</p>
<p>An organized crime syndicate used re-loadable prepaid debit cards to withdraw $11 million from ATMs in a pair of cyber heists in the last days of 2010. [<a href="http://krebsonsecurity.com/2013/02/crooks-net-millions-in-coordinated-atm-heists/">Krebs</a>]</p>
<p>Tumblr is adding real-time updates to its dashboard, a la Facebook's News Ticker. [<a href="http://techcrunch.com/2013/02/06/tumblr-adds-real-time-notifications-to-its-dashboard-and-it-feels-a-lot-like-facebooks-ticker/">TechCrunch</a>]</p>
<p>It wasn't so long ago that rappers were seeking out business gurus. Grammy-winning producer DeVon Harris says startups should be studying hip-hop. [<a href="http://qz.com/51429/startups-take-heed-from-hip-hop-sampling-holds-the-key-to-success/">Quartz</a>]</p>
]]></content:encoded>
		<wfw:commentRss>http://betabeat.com/2013/02/booting-up-return-of-the-scroogled-edition/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/6d70d905cefb5ef1d46759583ff55c9f?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">pclarkobserver</media:title>
		</media:content>

		<media:content url="http://nyobetabeat.files.wordpress.com/2013/02/scroogled.png?w=300" medium="image">
			<media:title type="html">scroogled</media:title>
		</media:content>
	</item>
		<item>
				
		<title>Pitiful Silicon Valley Resident Asks Quora to Explain The Outside World</title>

		<comments>http://betabeat.com/2012/08/pitiful-silicon-valley-resident-asks-quora-to-explain-the-outside-world/#comments</comments>
		<pubDate>Fri, 10 Aug 2012 13:56:06 -0400</pubDate>
					<link>http://betabeat.com/2012/08/pitiful-silicon-valley-resident-asks-quora-to-explain-the-outside-world/</link>
			<dc:creator>Jessica Roy</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=58157</guid>
		<description><![CDATA[<p><div id="attachment_58167" class="wp-caption alignleft" style="width: 268px"><a href="http://rosiesaysblog.files.wordpress.com/2012/04/brogrammer.png"><img class="size-medium wp-image-58167" title="brogrammer" src="http://nyobetabeat.files.wordpress.com/2012/08/brogrammer.png?w=258" alt="" width="258" height="300" /></a><p class="wp-caption-text">(Photo: Rosie Says)</p></div></p>
<p>Listen, we understand the desire to reside in a big ol' tech bubble. It's so warm and cozy here, with beanbags for office chairs, free lunches prepared by gourmet chefs and <a href="http://www.youtube.com/watch?v=C9mfuifkZgc">cashed-out</a> friends lending you spare Burning Man costumes. Why would you ever want to leave?</p>
<p>But sometimes the need for a reality check burns a hole in your chest, just beneath your hand-sewn, perfectly tailored Everlane shirt. While whipping through the city in an Uber expensed to your corporate card, you might grow a little wistful, hot tears fogging your Warby Parker specs. As you listen to MGMT on the iPod you got as a company Christmas gift, you might become nostalgic for a time when "pitching" referred to baseball and you could easily relate to How The Other Half Lives.</p>
<p><!--more-->Thus was the case for one poor <a href="http://www.quora.com/">Quora</a> user, who admitted that they had become so entrenched in the tech climate that they needed to poke their head out from behind the Macbook and <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world">ask</a>, "What are some things I'd be shocked to learn about the outside world?"</p>
<p>Oh. You, sir or madame, are in for a treat.</p>
<p>For example, did you <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world/answers/1413290">know</a> that 50 percent of the population is female? In fact, as one Susan Wu <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world/answer/Susan-Wu">put</a> it, "Most of the world is not 16-29 year old males.  There's a whole range of perspectives that go underrepresented in Silicon Valley.   There are a lot of women out there.  Older folks. Also, it might be hard to imagine, but there are a lot of kids not growing up on video games."</p>
<p>Take a deep breath. We understand if you need another swig of that artisan lager you're allowed to drink any time you damn well please because every day is a summer Friday at a startup.</p>
<p>But wait--there's more.</p>
<p>"Most people have never heard of Instagram, Square, Dropbox, AirBnB. Most people don't live on Coke or organic green tea drinks. Most people don't 'calendar in' their friends."</p>
<p>Still there, poor Quora questioner?</p>
<p>...<em>Hello</em>?</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_58167" class="wp-caption alignleft" style="width: 268px"><a href="http://rosiesaysblog.files.wordpress.com/2012/04/brogrammer.png"><img class="size-medium wp-image-58167" title="brogrammer" src="http://nyobetabeat.files.wordpress.com/2012/08/brogrammer.png?w=258" alt="" width="258" height="300" /></a><p class="wp-caption-text">(Photo: Rosie Says)</p></div></p>
<p>Listen, we understand the desire to reside in a big ol' tech bubble. It's so warm and cozy here, with beanbags for office chairs, free lunches prepared by gourmet chefs and <a href="http://www.youtube.com/watch?v=C9mfuifkZgc">cashed-out</a> friends lending you spare Burning Man costumes. Why would you ever want to leave?</p>
<p>But sometimes the need for a reality check burns a hole in your chest, just beneath your hand-sewn, perfectly tailored Everlane shirt. While whipping through the city in an Uber expensed to your corporate card, you might grow a little wistful, hot tears fogging your Warby Parker specs. As you listen to MGMT on the iPod you got as a company Christmas gift, you might become nostalgic for a time when "pitching" referred to baseball and you could easily relate to How The Other Half Lives.</p>
<p><!--more-->Thus was the case for one poor <a href="http://www.quora.com/">Quora</a> user, who admitted that they had become so entrenched in the tech climate that they needed to poke their head out from behind the Macbook and <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world">ask</a>, "What are some things I'd be shocked to learn about the outside world?"</p>
<p>Oh. You, sir or madame, are in for a treat.</p>
<p>For example, did you <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world/answers/1413290">know</a> that 50 percent of the population is female? In fact, as one Susan Wu <a href="http://www.quora.com/Silicon-Valley/What-are-some-things-Id-be-shocked-to-learn-about-the-outside-world/answer/Susan-Wu">put</a> it, "Most of the world is not 16-29 year old males.  There's a whole range of perspectives that go underrepresented in Silicon Valley.   There are a lot of women out there.  Older folks. Also, it might be hard to imagine, but there are a lot of kids not growing up on video games."</p>
<p>Take a deep breath. We understand if you need another swig of that artisan lager you're allowed to drink any time you damn well please because every day is a summer Friday at a startup.</p>
<p>But wait--there's more.</p>
<p>"Most people have never heard of Instagram, Square, Dropbox, AirBnB. Most people don't live on Coke or organic green tea drinks. Most people don't 'calendar in' their friends."</p>
<p>Still there, poor Quora questioner?</p>
<p>...<em>Hello</em>?</p>
]]></content:encoded>
		<wfw:commentRss>http://betabeat.com/2012/08/pitiful-silicon-valley-resident-asks-quora-to-explain-the-outside-world/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/b59d8cbbeb9009e27771e8c6863ee21a?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">jroyobserver</media:title>
		</media:content>

		<media:content url="http://nyobetabeat.files.wordpress.com/2012/08/brogrammer.png?w=258" medium="image">
			<media:title type="html">brogrammer</media:title>
		</media:content>
	</item>
		<item>
				
		<title>Warren Buffett and Charlie Munger Won&#8217;t Buy Into Facebook&#8217;s I.P.O.</title>

		<comments>http://betabeat.com/2012/05/warren-buffett-and-charlie-munger-wont-buy-into-facebooks-i-p-o/#comments</comments>
		<pubDate>Sun, 06 May 2012 18:50:44 -0400</pubDate>
					<link>http://betabeat.com/2012/05/warren-buffett-and-charlie-munger-wont-buy-into-facebooks-i-p-o/</link>
			<dc:creator>Steve Huff</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=44041</guid>
		<description><![CDATA[<p><div id="attachment_44043" class="wp-caption aligncenter" style="width: 370px"><a href="http://www.betabeat.com/2012/05/06/warren-buffett-and-charlie-munger-wont-buy-into-facebooks-i-p-o/warren-buffettgetty/" rel="attachment wp-att-44043"><img class="size-full wp-image-44043" title="warren-buffettgetty" src="http://nyobetabeat.files.wordpress.com/2012/05/warren-buffettgetty.jpg" alt="" width="360" height="240" /></a><p class="wp-caption-text">Warren Buffett (Getty Images)</p></div></p>
<p>Warren Buffett and his Bershire Hathaway partner Charlie Munger  <a href="http://money.cnn.com/2012/05/06/news/buffett-facebook/index.htm">could care less</a> about Facebook's big Initial Public Offering (I.P.O.) Road Show, which drops the needle tomorrow. While Mr. Buffett was somewhat diplomatic in explaining to CNN that his company never buys into offerings, Mr. Munger was as forthright as you might expect an 88-year-old billionaire to be:<!--more--></p>
<blockquote><p>"I don't invest in what I don't understand. And I don't want to understand Facebook," Munger said.</p></blockquote>
<blockquote><p>In fact, it's not only that he doesn't understand it -- it's that he dislikes the whole idea of it.</p></blockquote>
<blockquote><p>"I don't want people putting all this personal stuff into a permanent record when they are 15 years of age. I think it's counterproductive. I just basically don't like it."</p></blockquote>
<p>Mr. Buffett kept his counsel regarding the appropriateness of using Facebook at all and told CNN that Facebook, Google and Apple are "fantastic companies. But in terms of what they'll be worth five or ten years from now, I just don't know."</p>
<p>Mr. Buffett, a.k.a. "The Oracle of Omaha" may also be thinking back to the dot-com bubble of 12 years ago. Back then the <a href="http://news.bbc.co.uk/2/hi/business/1217716.stm" target="_blank">billionaire avoided cashing in</a> on the tech stock boom of the late 1990s and ended up seeming almost psychically prescient:</p>
<blockquote><p>"Value is destroyed, not created, by any business that loses money over its lifetime," Mr Buffett wrote.</p>
<p>He was referring to the business model all too many dot.coms employed - to enrich investors through rising share prices rather than profits.</p></blockquote>
<p>Mr. Buffett has made his feelings about what may be a social media bubble crystal clear as recently as March, when he told Bloomberg that most social media sites--Twitter, Facebook, etc.--"will be overpriced."</p>
<p>"It's extremely difficult to value social-networking-site companies," Mr. Buffett said, "Some will be huge winners, which will make up for the rest."</p>
<p>Facebook is likely hoping they'll be among the winners.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_44043" class="wp-caption aligncenter" style="width: 370px"><a href="http://www.betabeat.com/2012/05/06/warren-buffett-and-charlie-munger-wont-buy-into-facebooks-i-p-o/warren-buffettgetty/" rel="attachment wp-att-44043"><img class="size-full wp-image-44043" title="warren-buffettgetty" src="http://nyobetabeat.files.wordpress.com/2012/05/warren-buffettgetty.jpg" alt="" width="360" height="240" /></a><p class="wp-caption-text">Warren Buffett (Getty Images)</p></div></p>
<p>Warren Buffett and his Bershire Hathaway partner Charlie Munger  <a href="http://money.cnn.com/2012/05/06/news/buffett-facebook/index.htm">could care less</a> about Facebook's big Initial Public Offering (I.P.O.) Road Show, which drops the needle tomorrow. While Mr. Buffett was somewhat diplomatic in explaining to CNN that his company never buys into offerings, Mr. Munger was as forthright as you might expect an 88-year-old billionaire to be:<!--more--></p>
<blockquote><p>"I don't invest in what I don't understand. And I don't want to understand Facebook," Munger said.</p></blockquote>
<blockquote><p>In fact, it's not only that he doesn't understand it -- it's that he dislikes the whole idea of it.</p></blockquote>
<blockquote><p>"I don't want people putting all this personal stuff into a permanent record when they are 15 years of age. I think it's counterproductive. I just basically don't like it."</p></blockquote>
<p>Mr. Buffett kept his counsel regarding the appropriateness of using Facebook at all and told CNN that Facebook, Google and Apple are "fantastic companies. But in terms of what they'll be worth five or ten years from now, I just don't know."</p>
<p>Mr. Buffett, a.k.a. "The Oracle of Omaha" may also be thinking back to the dot-com bubble of 12 years ago. Back then the <a href="http://news.bbc.co.uk/2/hi/business/1217716.stm" target="_blank">billionaire avoided cashing in</a> on the tech stock boom of the late 1990s and ended up seeming almost psychically prescient:</p>
<blockquote><p>"Value is destroyed, not created, by any business that loses money over its lifetime," Mr Buffett wrote.</p>
<p>He was referring to the business model all too many dot.coms employed - to enrich investors through rising share prices rather than profits.</p></blockquote>
<p>Mr. Buffett has made his feelings about what may be a social media bubble crystal clear as recently as March, when he told Bloomberg that most social media sites--Twitter, Facebook, etc.--"will be overpriced."</p>
<p>"It's extremely difficult to value social-networking-site companies," Mr. Buffett said, "Some will be huge winners, which will make up for the rest."</p>
<p>Facebook is likely hoping they'll be among the winners.</p>
]]></content:encoded>
		<wfw:commentRss>http://betabeat.com/2012/05/warren-buffett-and-charlie-munger-wont-buy-into-facebooks-i-p-o/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:thumbnail url="http://nyobetabeat.files.wordpress.com/2012/05/warren-buffettgetty.jpg?w=150" />
		<media:content url="http://nyobetabeat.files.wordpress.com/2012/05/warren-buffettgetty.jpg?w=150" medium="image">
			<media:title type="html">warren-buffettgetty</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/becf95fa833b8aeb13f7720732bd6dc6?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">jhanasobserver</media:title>
		</media:content>

		<media:content url="http://nyobetabeat.files.wordpress.com/2012/05/warren-buffettgetty.jpg" medium="image">
			<media:title type="html">warren-buffettgetty</media:title>
		</media:content>
	</item>
	</channel>
</rss>
