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Four short links: 28 July 2013
investors syndicate, laser cutters, political action committees, wikimedia foundation inc
Angels Get Carry For Helping A Startup Raise Money With AngelList Syndicates | ... -- AngelList is testing out a new service that lets angel investors syndicate deals with each other, a feature that could allow startups to raise venture-sized rounds of money with relative ease. Called Syndicates , the private-beta product lets any accredited investor on the AngelList fundraising platform essentially create, lead and collect carry for a fund of angel money for a specific startup. The news, well note, was broken by anonymous startup personality Startup L. It also sets each Syndicate up as an LLC specifically for the startup in question, with the lead angel signing off as an investment advisor. Meanwhile, the lead angel is expected to take this more seriously than some angels might be used to, in that they are expected to provide access, oversight, and help the company.
The Hardware Revolution is Upon Us and Why it Matters|True Ventures -- True Ventures has been early and big investors in the burgeoning hardware and device wave: we funded Fitbit s seed round in 2008, were early investors in MakerBot starting in 2010, and have gone on to fund 3D Robotics , Airstone Labs , Ginger.io , LittleBits , Sifteo , Sano Intelligence , Streetline , Valencell , and several others that have yet to be announced. Unlike most startups in which you control your destiny, in devices you are dependent upon many, many others, some of whom are around the world, just to build your first product. Not only is the cost of building a physical product much higher than in a software only business, but in todays hardware world, you need to build both a hardware company and a software company. Todays devices extend the power of the software world to incredible places, and your startup needs to do both well, which means higher burn rates. Devices are very hard to change once you ship them, and unlike an app or any software, customers dont close a device and make it disappear. Consider the Fitbits people wear or Nest devices that light up in the home above or around your loved ones: these are remarkable devices and they are incredibly personal. The world is eagerly awaiting new devices and new device platforms. We are still in desperate need for advance control plane software that will enable features in robotics like sense and avoid, swarm coordination, traffic management, ideally across device type. New devices will create a entirely new view into our world, from the nano to the galactic, from the human body out into the oceans, the atmosphere, space and beyond.
Lawmakers Who Upheld NSA Phone Spying Received Double the Defense Industry Cash ... -- It turns out that those 217 no voters received twice as much campaign financing from the defense and intelligence industry as the 205 yes voters. House members who voted to continue the massive phone-call-metadata spy program, on average, raked in 122 percent more money from defense contractors than those who voted to dismantle it. Lawmakers who voted to continue the NSA dragnet-surveillance program averaged $41,635 from the pot, whereas House members who voted to repeal authority averaged $18,765. (A no vote is a vote to continue the NSAs phone spying.)
Aglet - Wikipedia, the free encyclopedia -- An aglet (or aiglet) is a small plastic or metal sheath typically used on each end of a shoelace , cord , or drawstring . The latter usually appear at the end of decorative cords, such as bolo ties , and the identically named aiguillettes of military dress uniforms.
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