Let’s deal with this current pirate crisis and start moving forward again as a civilization. Its amazing that with all the accomplishments humans have had throughout the years, we are so helpless in the ocean. NFL players drowning at sea, shark attacks, hurricanes demolishing cultural landmarks, and Somalian fishermen shaking the planet up by seizing a US ship. I have been upset about the pirate problems for years now, trying to figure out a safe way to film a documentary on the phenomenon. But now it is something everyone is interested in, and there is sure to be a blockbuster movie made about it.
Over in India, negotiations and bargaining have always been a part of local culture. Bollywood is no different. Indian movie producers and distributors are playing “hardball” with big theatre chains, refusing to release any new movies unless they get half of ticket sales revenue (during the first month of the release.) The industry has been suffering in recent months, and producers are having a tough time getting financing for new movies. This slum-dog-millionare–badass hasn’t seen a good Bollywood movie since I was in Hyderabad, and is very disappointed to hear about the cinematic slump in Bollywood. Hopefully both sides can reach an agreement.
It’s no secret that VC funds have been dry in recent months. Last quarter, not a single VC backed business went public with an IPO, and overall its a frustrating time for entrepreneurs trying to raise capital for their start ups.
Google is adding another division of their rapidly growing business, and has a $100 million fund for start-ups.
â€œAt its core, Google Ventures is charged with finding and helping to develop exceptional start-ups. Weâ€™ll be focusing on early stage investments across a diverse range of industries, including consumer Internet, software, clean-tech, bio-tech, health care and, no doubt, other areas we havenâ€™t thought of yet.”
This is a good move for Google, and a breath of fresh air for the entrepreneurial community. I am interested to see what projects get funded by this.
A leading dating site has found its match. This recession has helped Match.com realize a 26% growth in membership from last year. Existing users are also using the site more often. It makes sense, online dating is probably cheaper and more efficient than offline. People can screen and filter each other out, avoiding disaster dates and interpersonal encounters that cost money.
Some friends of mine started a dating site in Chicago that is blowing up, called CrushMe.com. They are Michigan entrepreneurs, MSU alumni, and have a fresh approach at online dating. Rather than focusing on the compatibility testing and long profile descriptions, its a site based on pictures. The tagline is “it all starts with a look.” Check it out. They are always throwing parties around in the windy city.
If you read part 1 of this blog, you would have certainly heard about my beloved Tata Indica that transported me around the dreadful streets of Hyderabad. Satyam drove it like a champ, and it played an instrumental role in my adventures. If you want a Tata for yourself, you no longer need to go to Hyderabad, or anywhere else in India for that matter. The Tata Nano might start selling in the US in 2011. It is the world’s cheapest car, selling for a mere $2500, allowing many Indians to own a car for the first time. Check back in 2 years to see if the imports come with a Satyam-like driver.