Booting Up: Zuck’s First Website Was Just as Embarrassing as Yours

(Photo: Angelfire)

Digital music licensing revenues surpassed those from radio for the first time ever, mostly thanks to Google Play and Xbox. [The Guardian]

If this really is Mark Zuckerberg’s first ever Angelfire page, it’s just as mortifying as yours was. [Gizmodo]

Q1 of 2013 yielded a strangely low number of IPOs: only eight companies went public in the three-month period. [Silicon Valley Business Journal]

Not to be eclipsed by Microsoft, Samsung is getting its own brick and mortar stores, but with a twist: they’ll exist solely inside Best Buys. Guess they really like the Geek Squad? [AllThingsD]

The Facebook phone is expected to be announced today. Yay? [New York Times]

New Money

Wealthfront’s New Service Helps the Tech Set Easily Dodge Taxes

These people have monies. (Photo: Wealthfront)

You work hard for that six-figure salary. Heads down and standing desk up, evening coding sessions bleed into all-nighters with the ease of a mouse click. So when it comes time to hand over some of that hard-earned cash to the government for taxes, it’s understandable that you’d be a little ruffled. “Why can’t I find tax loopholes like that guy Mitt Romney?” you might wonder angrily as you zip down the 101 in your company-leased BMW. “Life is just not fair.” Read More

TechCrunch Disrupt

Andreessen Horowitz’s Jeff Jordan On New York’s Ecommerce Companies: ‘There’s Something Special Happening.’

Mr. Jordan.

Opening the TechCrunch Disrupt proceedings bright and early this morning: Andreessen Horowitz Partner Jeff Jordan. Accompanied by the sounds of birdsong (hey, this thing does take place on a converted pier), he held forth on IPOs, philanthropy, and New York’s ecommerce bloom.

The discussion opened with a discussion of the IPO market. The former OpenTable CEO presided over the company’s 2009 IPO when, at the time, according to moderator Eric Eldon, “Everyone [in Silicon Valley] was watching Mark Zuckerberg keeping his company private.”

Mr. Jordan contrasted today’s IPO fever with the atmosphere just a few years ago: Read More

It's Zuck's World We're Just Living In It

70 Percent of What Facebook Paid for Instagram Was in Stock

Mr. Zuckerberg (Facebook)

Looks like Instagrammers won’t be rolling in dough just yet: Facebook revealed in its S-1 filing today that it shelled out just $300m in cash for Instagram, as well as 23m shares of Facebook stock. The filing is confirmation of Dealbook’s report last week. According to the Wall Street Journal, “Monday’s disclosure indicated that stock accounted for about 70% of the purchase price and that the shares were valued at roughly $30 apiece.”

$300 million is a ton of cash, but once Facebook officially goes public on May 17th, Instagram employees stand to get even richer. Because you know what’s cooler than a million dollars? A billion dollars, even if it’s mostly in stock.

It's Zuck's World We're Just Living In It

Facebook Goes NASDAQ for IPO


It appears NASDAQ’s campaign to convince Facebook to list its I.P.O. with them over the New York Stock Exchange has proven successful: inside sources told the New York Times today that Facebook has chosen NASDAQ. “The social network will list its shares on the Nasdaq under ticker symbol ‘FB,’ according to people familiar with the matter, who demanded anonymity because the discussions were private,” said the Times. Read More