I love Quora. I don’t know what it is about the service, but something makes interesting people give very interesting answers to a huge range of questions. Take Paul Buchheit, for example.
Buchheit is an angel investor and co-founder of FriendFeed, the social aggregation and conversation service that Facebook acquired last year (he now works at Facebook doing well, something). But he’s perhaps best known as the key person behind the creation of Gmail for Google. He also had a hand in the creation of AdSense/AdWords as well — you know, the way Google makes all their money. Point is, when he compares Facebook to Google, it’s worth listening to. And that’s exactly what he did a couple days ago on Quora.
“I believe many people were (and still are) significantly undervaluing Facebook equity. It has the potential to be worth more than Google,” Buchheit wrote.
That’s a big statement. But depending on who you talk to, it’s either crazy or a certainty. Buchheit obviously has a vested interest in saying that — quite literally. With the Facebook deal, he and his fellow FriendFeeders were undoubtedly given a nice basket of stock options. At the time, it was believed that the total deal was worth about $50 million, with around $30 million of that in Facebook stock. In other words, if Facebook is one day worth more than Google, Buchheit will be very, very rich.
All of this came up because someone on Quora posed the question: ”Is Paul Buchheit considered a successful entrepreneur?” — and Buchheit himself responded. “I don’t know, but I’m happy with how things worked out :),” he led off before making his prediction.
At the time of the FriendFeed deal, Facebook was valued around $6.5 billion — “silly-low“, as Buchheit puts it. Today, on SecondMarket, Facebook’s valuation is over $30 billion. This means that the roughly $30 million in Facebook stock (we’ll just say that’s accurate for now, but who knows) is worth something north of $125 million. That all of a sudden makes the FriendFeed acquisition worth something like $150 million (again, hypothetically)!
“I think re-doing the math on this deal in a couple of years should be very interesting,” Buchheit concludes with.
Google’s current market cap value is about $165 billion. If Facebook is to get that high, they’ll have to grow in value six times over (and they’ll undoubtedly have to be public in order for that to happen). That would make FriendFeed’s (again, hypothetical) shares worth over $750 million, with the total deal value approaching $800 million.
Wow.
If Facebook gets anywhere near that in value, Buchheit is right. He’ll be seen as a very successful entrepreneur.
Cirtas Systems, a cloud storage hardware company, is coming out of stealth mode today and announcing that it has raised a $10 million first round of funding.
The San Jose, Calif.-based company is announcing its Bluejet Cloud Storage Controller, a piece of storage equipment that sits in cloud-based data centers. Cirtas deploys Bluejet controllers in a customer’s data center. Bluejet functions just like an on-site storage array, and our technology is seamlessly connecting to and accelerating the performance of off-site cloud storage services, with fast response to user queries, said Dan Decasper, chief executive.
The startup is attacking a common problem for enterprises. Storage systems are getting so complex that they require the architectural expertise of highly specialized people to solve. The amount of data in corporations is exploding so fast that it’s hard to keep up with storage growth needs. By shifting it to the cloud, or Web-based data centers that can be outside of a company’s physical premises, companies can offload the task to others and reduce costs.
The product is aimed at medium and large enterprises and is available now. By tapping the cloud, the company hopes to solve complex security, performance and compatibility issues that stop companies from using cloud storage. One of the big benefits is that enterprises will be able to move their storage from one cloud service firm to another to get better pricing.
Cirtas said it has completed beta tests at more than a dozen enterprise customers across diverse markets. The company ties together techniques for optimizing networks to work with its virtualized storage arrays so that it can deliver what it calls the world’s first cloud-enabled storage system. The company’s first purchase order has come from beta user Robert Half International.
Cirtas said it can securely encrypt all data in transit to and from the cloud, making sure that only authorized users have access to data. If there is a security breach, the Bluejet technology can prevent data from being read or used, as administrators can control who has access. It can also anticipate storage costs and how they fluctuate. And it can manage data for speedy performance.
Cirtas raised money from New Enterprise Associates; Lightspeed Venture Partners; and Amazon.com, itself a major player in cloud computing through its Amazon Web Services offering. The company plans to use the money to expand its infrastructure and accelerate the adoption of its technology.
Amazon is one of the big advocates of cloud computing, which can give businesses more options and better control over how they purchase data storage. Cirtas’s approach to the cloud is tightly aligned with Amazon’s, said Jeff Blackburn, senior vice president of corporate development at Amazon. He said Amazon was most impressed with the ability of Cirtas to migrate large quantities of data into the cloud in a fast, secure, and cost-effective manner.
Beyond Amazon, Cirtas has also secured a strategic alliance with Iron Mountain, which offers archive services. The Cirtas Bluejet product costs $69,995 per appliance. It is available from a variety of industry resellers. The company said it is making free evaluation systems available to customers.
The company was founded in 2008 by Decasper and Allen Samuels. Its team includes veterans of Citrix, DataDomain, NetApp and Riverbed. Cirtas has 30 employees. Rivals include storage vendors such as EMC and NetApp, Twinstrata, Nasuni, StorSimple and Panzura.
[Pictured at top: Decasper (left) and Josh Goldstein, marketing chief]
Next Story: HP launches fancy touch-based desktops and an app store for touch apps Previous Story: Google beefs up Apps security to win cloud customers
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Various News Tidbits. ... Various News Tidbits. Tiny by Matthew on Oct 1, 2010 4:25 PM PDT in Miscellaneous � Tweet. 3 comments; Story-email Email; Printer Print. Even Felix's hugs are powerful � More photos » Elaine Thompson - AP ...
As AOL rushes to local <b>news</b>, Examiner.com is already there <b>...</b>
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. ...
New SSFIV costumes priced, dated <b>News</b> - Page 1 | Eurogamer.net
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I love Quora. I don’t know what it is about the service, but something makes interesting people give very interesting answers to a huge range of questions. Take Paul Buchheit, for example.
Buchheit is an angel investor and co-founder of FriendFeed, the social aggregation and conversation service that Facebook acquired last year (he now works at Facebook doing well, something). But he’s perhaps best known as the key person behind the creation of Gmail for Google. He also had a hand in the creation of AdSense/AdWords as well — you know, the way Google makes all their money. Point is, when he compares Facebook to Google, it’s worth listening to. And that’s exactly what he did a couple days ago on Quora.
“I believe many people were (and still are) significantly undervaluing Facebook equity. It has the potential to be worth more than Google,” Buchheit wrote.
That’s a big statement. But depending on who you talk to, it’s either crazy or a certainty. Buchheit obviously has a vested interest in saying that — quite literally. With the Facebook deal, he and his fellow FriendFeeders were undoubtedly given a nice basket of stock options. At the time, it was believed that the total deal was worth about $50 million, with around $30 million of that in Facebook stock. In other words, if Facebook is one day worth more than Google, Buchheit will be very, very rich.
All of this came up because someone on Quora posed the question: ”Is Paul Buchheit considered a successful entrepreneur?” — and Buchheit himself responded. “I don’t know, but I’m happy with how things worked out :),” he led off before making his prediction.
At the time of the FriendFeed deal, Facebook was valued around $6.5 billion — “silly-low“, as Buchheit puts it. Today, on SecondMarket, Facebook’s valuation is over $30 billion. This means that the roughly $30 million in Facebook stock (we’ll just say that’s accurate for now, but who knows) is worth something north of $125 million. That all of a sudden makes the FriendFeed acquisition worth something like $150 million (again, hypothetically)!
“I think re-doing the math on this deal in a couple of years should be very interesting,” Buchheit concludes with.
Google’s current market cap value is about $165 billion. If Facebook is to get that high, they’ll have to grow in value six times over (and they’ll undoubtedly have to be public in order for that to happen). That would make FriendFeed’s (again, hypothetical) shares worth over $750 million, with the total deal value approaching $800 million.
Wow.
If Facebook gets anywhere near that in value, Buchheit is right. He’ll be seen as a very successful entrepreneur.
Cirtas Systems, a cloud storage hardware company, is coming out of stealth mode today and announcing that it has raised a $10 million first round of funding.
The San Jose, Calif.-based company is announcing its Bluejet Cloud Storage Controller, a piece of storage equipment that sits in cloud-based data centers. Cirtas deploys Bluejet controllers in a customer’s data center. Bluejet functions just like an on-site storage array, and our technology is seamlessly connecting to and accelerating the performance of off-site cloud storage services, with fast response to user queries, said Dan Decasper, chief executive.
The startup is attacking a common problem for enterprises. Storage systems are getting so complex that they require the architectural expertise of highly specialized people to solve. The amount of data in corporations is exploding so fast that it’s hard to keep up with storage growth needs. By shifting it to the cloud, or Web-based data centers that can be outside of a company’s physical premises, companies can offload the task to others and reduce costs.
The product is aimed at medium and large enterprises and is available now. By tapping the cloud, the company hopes to solve complex security, performance and compatibility issues that stop companies from using cloud storage. One of the big benefits is that enterprises will be able to move their storage from one cloud service firm to another to get better pricing.
Cirtas said it has completed beta tests at more than a dozen enterprise customers across diverse markets. The company ties together techniques for optimizing networks to work with its virtualized storage arrays so that it can deliver what it calls the world’s first cloud-enabled storage system. The company’s first purchase order has come from beta user Robert Half International.
Cirtas said it can securely encrypt all data in transit to and from the cloud, making sure that only authorized users have access to data. If there is a security breach, the Bluejet technology can prevent data from being read or used, as administrators can control who has access. It can also anticipate storage costs and how they fluctuate. And it can manage data for speedy performance.
Cirtas raised money from New Enterprise Associates; Lightspeed Venture Partners; and Amazon.com, itself a major player in cloud computing through its Amazon Web Services offering. The company plans to use the money to expand its infrastructure and accelerate the adoption of its technology.
Amazon is one of the big advocates of cloud computing, which can give businesses more options and better control over how they purchase data storage. Cirtas’s approach to the cloud is tightly aligned with Amazon’s, said Jeff Blackburn, senior vice president of corporate development at Amazon. He said Amazon was most impressed with the ability of Cirtas to migrate large quantities of data into the cloud in a fast, secure, and cost-effective manner.
Beyond Amazon, Cirtas has also secured a strategic alliance with Iron Mountain, which offers archive services. The Cirtas Bluejet product costs $69,995 per appliance. It is available from a variety of industry resellers. The company said it is making free evaluation systems available to customers.
The company was founded in 2008 by Decasper and Allen Samuels. Its team includes veterans of Citrix, DataDomain, NetApp and Riverbed. Cirtas has 30 employees. Rivals include storage vendors such as EMC and NetApp, Twinstrata, Nasuni, StorSimple and Panzura.
[Pictured at top: Decasper (left) and Josh Goldstein, marketing chief]
Next Story: HP launches fancy touch-based desktops and an app store for touch apps Previous Story: Google beefs up Apps security to win cloud customers
Various <b>News</b> Tidbits - Lookout Landing
Various News Tidbits. ... Various News Tidbits. Tiny by Matthew on Oct 1, 2010 4:25 PM PDT in Miscellaneous � Tweet. 3 comments; Story-email Email; Printer Print. Even Felix's hugs are powerful � More photos » Elaine Thompson - AP ...
As AOL rushes to local <b>news</b>, Examiner.com is already there <b>...</b>
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. ...
New SSFIV costumes priced, dated <b>News</b> - Page 1 | Eurogamer.net
Read our news of New SSFIV costumes priced, dated.
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Various <b>News</b> Tidbits - Lookout Landing
Various News Tidbits. ... Various News Tidbits. Tiny by Matthew on Oct 1, 2010 4:25 PM PDT in Miscellaneous � Tweet. 3 comments; Story-email Email; Printer Print. Even Felix's hugs are powerful � More photos » Elaine Thompson - AP ...
As AOL rushes to local <b>news</b>, Examiner.com is already there <b>...</b>
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. ...
New SSFIV costumes priced, dated <b>News</b> - Page 1 | Eurogamer.net
Read our news of New SSFIV costumes priced, dated.
bench craft company rip off bench craft company rip off
Various <b>News</b> Tidbits - Lookout Landing
Various News Tidbits. ... Various News Tidbits. Tiny by Matthew on Oct 1, 2010 4:25 PM PDT in Miscellaneous � Tweet. 3 comments; Story-email Email; Printer Print. Even Felix's hugs are powerful � More photos » Elaine Thompson - AP ...
As AOL rushes to local <b>news</b>, Examiner.com is already there <b>...</b>
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. ...
New SSFIV costumes priced, dated <b>News</b> - Page 1 | Eurogamer.net
Read our news of New SSFIV costumes priced, dated.
bench craft company rip off bench craft company rip off
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