Facebook vs ConnectU Lawsuit: $65 Million Won, Then Lost

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Facebook and ConnectU have been going through an incredibly futile legal over the last few years. The classic scenario: ConnectU’s founders claim that Facebook CEO Mark Zuckerberg stole their idea and turned it into “The Facebook” in 2004.

facebook Hat-tip to Valleywag’s Owen Thomas for nailing this situation. HIs facts are clear and there’s no fluff. In a nutshell, ConnectU’s founders come from a large pile of money, have the funds to keep this case going, and out of the $65 Million they’ve one, have about $2.7 million left. Ouch.

Valleywag: Lawyers for ConnectU are bragging about winning a $65 million settlement for their clients from Facebook. But what did Divya Narendra and Cameron and Tyler Winklevoss really get from Mark Zuckerberg? Almost nothing.

The Winklevosses and Narendra, Harvard classmates of Zuckerberg, sued him after he launched Facebook, claiming he had done work for their project and then stolen code from it to start Facebook. They reached a settlement last summer in which Facebook agreed to acquire ConnectU for cash and stock — $20 million in cash and 1.25 million shares of Facebook. But then they fired their former lawyers, Quinn Emanuel, amid a contest over legal fees, the value of the settelement, and new evidence they said they’d discovered.

Based on the price Microsoft paid for its 1.6 percent stake in Facebook in the fall of 2007, the stock component of that settlement was worth $45 million. Quinn Emanuel is seeking $13 million in a contingency fee — 20 percent of the total take, which is $65 million as far as ConnectU’s former lawyers are concerned.

But the appraised value of the stock last summer was far less — $11 million, based on a valuation Facebook sought for its own stock-option plan. That’s $34 million of $65 million gone.

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Bill Gates Speech From the 2009 TED Conference (VIDEO) – He Spreads Mosquitos Into the Crowd

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At this year’s TED Conference, Microsoft Chairman Bill Gates released a swarm of malaria ridden mosquitoes onto the crowd as he explained, “I brought some mosquitoes – we’ll let them roam around the auditorium. There’s no reason only the poor should experience this…”


Bill Gates speech from TED 2009

Shortly after Gates released the mosquitoes, The Bill & Melinda Gates Foundation confirmed the incident,

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Microsoft Shocks and Confuses but Wins With Songsmith

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Microsoft Research has been playing around with something they’re calling Songsmith. Nearly everyone is calling the actual software a joke, and the advertising equally horrendous, but Microsoft has already won by getting even the naysayers to be a tad bit curious.

While most people are clamoring about the fact that an Apple is used in the Microsoft commercial, I can’t help but think that this was done on purpose. Microsoft is well aware that Apple’s cult-like following also has a plethora of seemingly influential websites that write about the company on a daily basis. How else would these Microsoft commercials find their way into Apple devoted websites?

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37 Signals’ Campfire: Missing Feature Is Becoming a Nasty Liability

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37logoA little introduction: Over at Think Brilliant, we use a suite of web-based applications to manage our company’s communication, directly reach our clients and partners, and generally stay organized. It’s  been developed by a great company based out of Chicago called 37 Signals, and for the most part we have no complaints.

But… The one feature missing from a crucial piece of the puzzle is becoming a nasty liability. One too risky for us to keep avoiding. We’ve tried to keep our mouth shut for months because we know there’s a wall around 37 Signals and they don’t like listening or taking requests for new features. But, we are long time partners who are deeply entangled with our BaseCamp centralization. By this feature being missing, we are considering doing the unthinkable, well until now… and leaving 37 signals.

37 Signals makes 4 pieces of software that can be grouped and used together, or one by one, depending on a particular person or company’s needs.  The products are called Basecamp, Highrise, Backpack and Campfire. In this post, I’m talking about Campfire.

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Hey Google, Here’s Your New Logo

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googlenew2You all may disagree. But I remain firm on the notion that Google needs a logo redesign. I use the site everyday as a homebase from which to navigate the internet, and quite frankly… The logo is stuck in November 2004. Yes, people are extremely sensitive to change, and perhaps the timing isn’t necessarily the best right now. But I still remain hopeful that Google is considering said design changes, or something similar.

As you can see from the comparison below. From a User Interface standpoint, Google’s current logo uses inner shadows, drop shadows and lighting angles that cast harsh radials and edges on the typeface. It’s not very

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E-Waste Being “Recycled” in Hong Kong, Please Watch

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The world is obsessed with technology. Recycling? Not so much.

(CBS) 60 Minutes is going to take you to one of the most toxic places on Earth – a place government officials and gangsters don’t want you to see. It’s a town in China where you can’t breathe the air or drink the water, a town where the blood of the children is laced with lead.

It’s worth risking a visit because much of the poison is coming out of the homes, schools and offices of America. This is a story about recycling – about how your best intentions to be green can be channeled into an underground sewer that flows from the United States and into the wasteland.

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