“The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasn’t alone: a few days later, AngelList received a similar letter from the SEC.”
“In the plaintiffs’ version, a dog embarks on a mission to save Christmas from a witch threatening to drain the world of holiday cheer with her magic icicle. In Disney’s version Santa Paws combats an evil icicle that threatens Christmas.”
The precedent established here is that you cannot copyright the idea of a dog combating an evil icycle. One wonders, of course, what the outcome would have been if Disney had been the plaintiff, had produced its movie, and the plaintiffs here had come along and published their short story.
While I agree with the Court’s decision (federal trial court, Missouri), I rue the inherent ambiguities and unfairness of the laws and their litigated enforcement in our courts.
“And also like Facebook, and every other social media company that has tested the public markets recently, Manchester United is pinning its appeal to investors on its ability to monetize the 659 million “followers” it claims to have worldwide. Facebook boasted of more than 800 million users in its IPO filing, but so far they haven’t helped its share price. Nor have big user bases done much for Yelp, Zynga or Angie’s List shares either since they went public within the past year. And Google’s returns have been mediocre during the same period.”
For all of we Manchester United fans, bring on Groupon!.
Cloud search firm Simplexo recently voiced concerns about who owns copyrights to documents stored in in Google Drive.
Here is the link to the Terms of Service for the Google Apps Free Agreement. I have no idea why it is drafted this way, but here is the awkward excerpt:
7. Intellectual Property Rights; Brand Features.
7.1 Intellectual Property Rights. Except as expressly set forth herein, this Agreement does not grant either party any rights, implied or otherwise, to the other’s content or any of the other’s intellectual property. As between the parties, Customer owns all Intellectual Property Rights in Customer Data, and Google owns all Intellectual Property Rights in the Services.
Software engineer, patent examiner, and IP Blogger Charles Bieneman does a nice job summing up this week’s comprehensive copyright infringement grant of summary judgment in the Tetris – Mino battle at Tetris Holding, LLC v. Xio Interactive, Inc., No. 09-6115 (D. N.J. May 30, 2012). [click to continue…]
So much for the free and open Internet. Remember back in March, when Yahoo sued Facebook for patent infringement, claiming ““Facebook’s entire social network model “is based on Yahoo!’s patented social networking technology.”
In response, Facebook in 1Q 2012 went out and purchased over $600 million in patents and filed a patent infringement counterclaim against Yahoo.
I wonder how many social media and other startups are subject to being crushed by these patent trolling giants? Will angels and venture capitalists require patent due dilligence?
According to PandoDaily, the average salary for a dev across all the job postings is naturally higher than for other positions, at $93,000; for marketers it's slightly less at $92,000 and designers are earning $88,000 on average.
As for the NYC companies with the highest average salary: Stylecaster and Venmo boast an average salary of $176,000, so if you have any friends who work there, they better not even think about asking you to split the brunch bill. Rewind.me, Bonobos and Bookish dole out an average salary of $126k. Most jobs fall into the $80-90k range, with an average salary of $87,000: Fitocracy, Seatgeek and Skillshare all fall into this category.