Welcome!

April 20, 2012 in News

Welcome to IIT’s new social network for entrepreneurs!

The goal of this network is to provide you a space to network and collaborate with other fellow IIT entrepreneurs and alumni outside of our events.

To get started, sign up using your university email id, and fill out your profile.

Gilt Groupe Co-Founder: The 5 Secrets of Super Successful Founder Relationships

October 24, 2014 in Entrepreneur Magazine, News

Alexandra Wilkis Wilson, co-founder of Gilt Groupe and new beauty service app Glamsquad, reveals what it takes to build a productive and harmonious founding team.

Queen Elizabeth Had Something to Do With a Tweet

October 24, 2014 in Entrepreneur Magazine, News

She may not have penned it herself, but was probably somehow involved in the process.

The 3 Questions You Have to Answer to Get Your Customers Eager to Buy

October 24, 2014 in Entrepreneur Magazine, News

Apple makes a good phone but the Pavlovian response of their customers has as much to do with psychology as product quality. You can leverage the same marketing insights as the big brands.

Surprise! The Internet is chock-full of assholes

October 24, 2014 in News, Pando Daily

asshole

The Internet is filled with assholes who ruin it for everyone else.

That’s the takeaway from two seemingly disparate news items — the first that cloud storage service Bitcasa is ending its unlimited plan, and the second that Web inventor Tim Berners-Lee doesn’t like that his legacy is being used to spread “the dark side of humanity,” as the Guardian puts it — published today. (I’m sure that plenty of other things could be included in this list.)

Bitcasa launched with an unlimited data plan that was promptly used and abused by a small number of its total users. It explains the reasoning behind the plan’s disappearance in a blog post, where it claims that only the tiniest fraction of its total user base will notice the change:

[T]he reality is while we have tried to make our vision of infinite work, the low demand combined with the growing number of suspected abusers, means that supporting an Infinite plan is not a viable business for us. Our Acceptable Use policy has been a challenge to enforce with our privacy features, as we can only see the amount of of data stored – which for some customers, is at a level that seems impossible for individual usage.

Put another way: the few people who paid for Bitcasa’s low-priced unlimited data option took advantage of the company’s privacy features in an effort to evade its rules. While “unlimited” data plans are often little more than a marketing gimmick in the first place, it’s stunning to think that Bitcasa would abandon such a cheap marketing trick because of a few assholes.

Berners-Lee’s complaints are more general. He praised the Web’s ability to help the “wonderful side” of humanity to flourish, but he also complained about the phenomenon whereby people “who clearly must have been brought up like anybody else will suddenly become very polarized in their opinions [and] suddenly become very hateful rather than very loving” online.

The comments were made at the opening of the Information Age exhibit at the Science Museum — which means that there are enough assholes online to make the person credited with creating the Web condemn a large aspect of it after he was invited to an event honoring his creation. If that isn’t a sign that a large section of the Internet has an attitude problem, I’m not sure what is.

Say hello to the information age, where companies abandon their best tools thanks to abuse, and the man responsible for so much of modern society’s advances has to condemn his creation during the opening of an exhibit that wouldn’t exist if he’d never made the damned thing to begin with.

[image by Surian Soosay]

Nathaniel Mott

nathaniel
Nathaniel Mott is a staff writer for PandoDaily, covering startups and technology from New York.







Nintendo’s Extended Amiibo Video Is Weird And Long But Good

October 24, 2014 in News, TechCrunch

amiibo Nintendo has a new online ad for its Amiibo ‘toys-to-life’ mobile figures, and the spot depicts the lengthy journey of one young player looking to upgrade his collectible character in order to win over the favours of one of his older brother’s friends. The story arc and acting are weird and generally not good, but the video is mostly fun, and it gives you a decent look at… Read More

Let’s Make This The Last Story About A Celebrity Using Twitter You Ever Read

October 24, 2014 in Fast Company, News

The queen is on Twitter, which should surprise nobody.

Oprah Winfrey first tweeted in 2009. Barack Obama sent his first tweet in 2010. So did Conan O'Brien and the Dalai Lama and Bill Gates. Pope Benedict XVI sent his first tweet in 2011. Prince, Kobe Bryant, and Justin Bieber's cat all started tweeting in 2013.

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Ebola.com Sells For $50,000 To A Marijuana Startup

October 24, 2014 in Fast Company, News

Ebola.com just got a big Las Vegas payout.

It's the kind of story that could only happen in Las Vegas: Ebola.com, a web domain purchased by speculators in 2008 for $13,500, just sold for $50,000 and a large number of shares in a marijuana startup owned by the former governor of New Mexico. Chris Hood and Jon Schultz, who own a total of 5,000 domain names in their portfolio including Birdflu.com, sold the domain to a company named the Weed Growth Fund.

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For Las Vegas Residents, Catching a Ride Just Got Easier

October 24, 2014 in News, TechCocktail

You might expect that a story about Las Vegas news should feature the iconic Strip skyline, dotted with mega resorts that can bed 5,000 guests per night (in a single building!), tall towers, and monuments of other cities. Unless your story is discussing the tourists who are shaking off the glitter within those rooms, then I will always challenge your decision to use this imagery to refer to Las Vegas.

The Las Vegas I know is made up of the residents who live, work, and play against the beautiful mountain backdrop. Our neighborhoods are aplenty with trails, parks, coffee shops, coworking spaces, and other suburban pleasures like big box stores. Yes, “people live here.” No, we’re not showgirls and we don’t live on the Strip. We are thinkers and doers who still retain the pioneer, battle-born spirit and say “We don’t have to do things the way they’ve always been done.” We are cowboys who make our own decisions based on informed consent, not heavily-lobbied governmental recommendation.

What’s this diatribe leading up to? This morning, Las Vegas got Uber.

No, Uber is not a cab service. Las Vegas residents have tried for decades to benefit from the transportation services that proliferate the tourism industry. No, if you imbibed too much at Money Plays and just wanted a ride to your Summerlin abode, you were out of luck. A cab was not going to come and get you. So as other cities benefited from the car sharing economy introduced by giants Lyft and Uber, the Clark County entities benefiting from taxi regulation warned Las Vegas residents that it was far too dangerous for them to accept a ride with a stranger.

And residents shouted back in challenge. We have done our research. We have enjoyed alternative transportation ecosystems in various other cities. Thank you for your concern which I am sure is aimed solely toward my safety and not toward your pocket, but I want my Uber.

According to Geoff Carter in this morning’s Las Vegas Weekly, it’s here.

So, while it’s true that we can always ride our bikes to the bar, we can always carpool, and we could always take a bus… We demand the right to have more options in a transportation ecosystem that serves all of us who live in Las Vegas.

How To Tell If You’re Burning Money Too Fast

October 24, 2014 in News, TechCrunch

burning money Questions about cash burn have blazed through Twitter like wild fire. Entrepreneurs are asking us: How do I know if I am burning money too fast? Unfortunately, there is no one size fits all answer for an entrepreneur on what level of burn is appropriate for their startup. However, every entrepreneur should consistently assess their runway and revise spending against their strategic goals. Read More

Launching a Website: The One Thing You Can’t Forget

October 24, 2014 in Entrepreneur Magazine, News

Our online experts share must-know tips for website planning.