How Much is Enough?

So the phone rings at a big publishing company in New York. “How long is a book? ” asks the caller.

“Well it varies from book to book and genre to genre,” explained the publishing company receptionist.

“This is a novel. How long is a novel?” the caller asked.

“That varies, too, but many of ours are around 80,000 words,” the receptionist said.

“Thank God, I’m finally finished!” said the caller.

By the same token, how much money does it take to start a technology business? I’ve just spent the summer with more than 30 startups and can tell you the amount varies greatly — more than you could even imagine.

In the simplest sense how much money it takes to […]

By |September 12th, 2010|2010|53 Comments

Where's the Beef?

The Cringely (Not in Silicon Valley) Startup Tour is less than two weeks from being over yet where is all the video? It’s coming, I promise.

We have so far visited companies in New York, Massachusetts, Vermont, Pennsylvania, Ohio, Michigan, Indiana, Illinois, Missouri, Minnesota, North Dakota, Colorado, Washington, Oregon, California, Arizona, and are now in Texas. Tennessee, Alabama, Georgia, and North Carolina are yet to come. We’ve driven 8,700 miles with about 2,000 to go.

That’s a lot of driving. And there’s the problem. It is hard to shoot video all day and evening, write a blog, be a husband and dad, drive an average of 300 miles per day and do a fair job of editing […]

By |September 4th, 2010|2010|75 Comments

It's a Sony

The machine pictured here is a Sony XDCAM EX, a 1080p tapeless HD camcorder.  It is a so-called “prosumer” model that lists for $7800.  I bought a pair of these cameras (new in the box) at the beginning of July to use for shooting this summer’s Startup Tour.  Many video professionals think these are the best HD camcorders you can buy for under $20,000.  The video is stunning — clearly network-quality or, indeed, feature film-quality.

If only they both worked.

The cameras came from  Abel Cinetech in New York City and we paid about $14,000 for the pair. The cameras worked fine for a few weeks until one froze-up in Boulder, CO.  We couldn’t get the camera […]

Trolling for Dollars

Microsoft co-founder Paul Allen filed suit this week against a litany of Internet companies claiming they had violated patents awarded years ago to Allen’s now-defunct Interval Research. Many writers, including one passing himself off as me, claimed this made Allen a so-called “patent troll. ”

I don’t think that is the case.

Patent trolls are individuals or companies that habitually sue others over obscure patents. While the Interval patents generally are obscure, that doesn’t make them invalid. And the fact that Allen and then-partner Dave Liddle paid $100 million for the basic research behind those patents, well that hardly sounds like troll behavior.

If Paul Allen actually were a patent troll. he would have sued in […]

When IT Fails

A friend of mine has been in an epic struggle with his mortgage processor and his experience tells us a lot about the state of IT. It started in October of last year when my friend met with his loan processor (Bank of America) to inquire about a loan modification. The loan is actually owned by Freddie Mac. He turned-in all the required paperwork and followed up with an income statement when requested two weeks later.  The meeting took many hours mainly because all of the original documents were imaged and put into his electronic file. In late December he was told that his modification was completed, given a new mortgage payment and told to […]