And so the Ole filter makes its daily pass, from Salvador, and this time well rested...
Brad Feld has a few requests for President-elect Obama:
John McWhorter: What Obama means for black America. "The issue is not only the emergence of the new but the eclipse of the old." This is all good, really good.
Powerline on the bailout situation: More to come. "Given the latest announcement by Secretary Paulson that none of the $700 billion appropriated by Congress will be used for the originally-stated purpose of purchasing distressed financial assets, it seems clear that neither the administration nor those in Congress who voted for the bailout had any idea what they were about." Ugh.
TechCrunch notes a scary line has been crossed for VCs... "money going into VC funds is now more than the money coming out of VC funds. That line was crossed last June and there is no going back anytime soon. The big institutional investors who tend to put the most money into venture funds as limited partners are hurting right now. They’re other investments have gone south, they are over-leveraged, and there is buzz that some are pulling back from their commitments to venture funds." And that is why there's a credit crunch for funding startups.
A cool new Dutch coin. Really cool.
Ted Dziuba reports Valleywag dies, takes Internet celebrity with it. "Now, Valleywag is going to be relegated to a column on Gawker.com, where it's going to be abundantly obvious that nobody cares about a group of well-to-do twenty-somethings going on vacation to Cyprus. This is actually Web 2.0 coming full circle. In the beginning, nobody cared who you were, and in the end, nobody cares who you are." The crocodile tears are flowing :)
Tim Bray on discipline and his 2 1/2 year old daughter. I love it.