Browsed by
Month: March 2024

Apple Antitrust Suit: Let the Games Begin – Again.

Apple Antitrust Suit: Let the Games Begin – Again.

Comments 0 Comment

Let’s face it: the good people at Apple believe that they’re just smarter than the rest of us. When Epic Games sued the company over their monopolistic practices – taking such a huge vig from products in the app store, Apple did win most of the civil suit, but had to make concessions to comply with California law.

Apple attempted to block Epic from starting a competing app store. Until Apple Reverse(d) Course and Allow(ed) Epic Games to Start (One), said the New York Times. “Days after Epic Games, the maker of Fortnite, complained publicly that Apple had blocked it from starting a competing app store in Europe, the technology companies said Apple had reversed course and would allow Epic to go ahead with its plan.” But only did so to comply with a new European tech competition law.

Think Different might not always be such a good idea after all and damn those pesky laws! What’s a mother – or monopoly – to do? Read More...

Tik Tok, Tik Tok, Tik Tok

Tik Tok, Tik Tok, Tik Tok

Comments 0 Comment
Image by Benjamin Zocholl from Pixabay

Due to the purported national security concerns posed by China-based ByteDance’s ownership of Tik Tok, the video sharing app which is used by around 170 million Americans and more than a billion people globally is in the spotlight. Congress is attempting to pass a law requiring that ByteDance divest itself of its interest in the company.

The ban would go into effect in six months.

“These countries have blocked or restricted it (Britain, EU, Canada, India, New Zealand, Afghanistan and Pakistan and note – primarily on government-issued devices),” the Washington Post reported. “The federal government already bans TikTok on government-owned devices.” Read More...

Zombie VCs: the Era of the Walking Dead Funds

Zombie VCs: the Era of the Walking Dead Funds

Comments 0 Comment
Image by Izzy Loney from Pixabay

VCs ask founders a lot of questions. It’s a big part of their job. They’re deploying other people’s money and just as founders have an obligation to make money for their investors, venture firms have an obligation to bring preferably significant returns to theirs.

Founders need to ask investors questions, too. The most important one (or two): are you still deploying funds/when was the last time you made an investment?

PitchBook recently reported that the number of VCs in US deals peaked at 18,504 in 2021 and fell to 9,966 last year. Read More...

The Report from the Trenches

The Report from the Trenches

Comments 0 Comment

 Before we moved into tech, we worked in the music business, for one of the major labels. One year, we were invited to attend the Music Hall of Fame Awards.

Once there, we were escorted to the wrong table. We made it clear to the usher that we worked at BMG, not BMI, but what do we know? So, we were seated among total strangers, all of whom ignored us. We introduced ourself to the little old man and his wife seated next to us, who were also being ignored.

His name was Hy Zaret, one of the evening’s inductees, who was being honored for a song he’d written. One single song. Must have been some song, we figured, so we asked him what the title was. Read More...