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Posts Tagged “

Joi Ito

jackpot

Shawn Fanning might never have to pitch Volkswagens again

Finally, Napster creator Shawn Fanning will make a little bank. After Napster went bankrupt and he sold Snocap to Imeem for not much at all, Fanning and cofounder Jon Baudanza have sold social network startup Rupture to Electronic Arts for $30 million. The best part: Fanning and Baudanza did it without launching a product out of beta. All Rupture ever built was a still-in-beta network for World of Warcraft gamers. Investors cashing in on the Volkswagen pitchman's payday (see video) include Ron Conway, Joi Ito, Reid Hoffman, and Baseline Ventures.

caption contest

When Joi met Esther

Hyperglobal adventure capitalists Joi Ito and Esther Dyson met by coincidence at London Heathrow's just-opened Terminal 5, and raced to post photos of each other to Flickr. Before Yahoo bought the photo site, Dyson was an investor in Flickr. Suggest a caption in the comments. (Photos by Esther Dyson and Joi Ito) More »

reid hoffman

Shanghaied LinkedIn founder misses a photo shoot

Valleywag hears that LinkedIn, which has largely missed out on the social-networking buzz, is getting ready for its closeup. Employees were getting lensed today at a photo shoot, which is usually a sign that a company's about to get the cover treatment, or at least a major feature story, from a big business publication. Missing at the shoot, however, was LinkedIn founder and president of products Reid Hoffman, who recently stepped out of the LinkedIn CEO chair. Hoffman, a tipster says, is away in Shanghai, with friend Joi Ito, the Six Apart backer pictured here to his right, purportedly looking for new startups to invest in.

conflicts of interest

Joi Ito discloses his graceful side

After Valleywag pointed out the unseemly appearance created when Six Apart funneling donations from users' purchases to charities tied to investor Joi Ito, the company — right in keeping with its recent problems living up to its ideals of transparency — never publicly conceded the existence of a conflict of interest. But today, Ito, to his supreme credit, did just that on his own blog — and even acknowledged Valleywag in the post. Well done, Joi. If only the blog-software company you backed could learn from your example.

conflicts of interest

Six Apart funnels donations to backer's pet charities

LiveJournal, the online community run by blog-software maker Six Apart is rowdy, contentious, and mostly undeserving of attention. But occasionally its cantankerous users, in their perpetual, pointless war with Six Apart management, make a decent point. For example, this one: Why do three of the four nonprofits chosen to benefit from a recent sale of paid LiveJournal accounts have ties to early Six Apart investor Joi Ito? Ito no longer serves on Six Apart's board, but he's the CEO and founder of Neoteny, a Japanese venture capital firm which provided Six Apart with much of its initial backing. Neoteny chairman Jun Makihara has a board seat. And Six Apart CEO Barak Berkowitz previously worked for Neoteny. I'd never say the organizations Ito's linked to — the EFF, Creative Commons, and Witness — aren't doing good work. But it all seems very cozy. So cozy that the supposedly pro-transparency company didn't care to disclose the fact to customers.

joi ito

Joi Ito preaches the World of Warcraft gospel

Serial entrepreneur and investor Joi Ito, a terribly accomplished technologist, is introducing the audience at the Web 2.0 Summit to the communicative and social power of World of Warcraft. His points: More »

joi ito

Waggable: Lord of the rings

Forgive me for running a mere reprint, but this quote from angel investor and ICANN board member Joi Ito speaks enough about the world of tech that it needs no comment. More »

charity

Internet Millionaires to African AIDS Babies: Drop dead!

Marketer and pro-blogger advocate Curt Hopkins is a good and reasonable man. Good because he's running the Blogswana project, in which students will help those affected by AIDS in Africa tell the world about their plight. Reasonable because when he asked the following Valley people — people known as good souls with a passion for world-changing technology — for financial support, he expected a few yeses and a few nos. More »

remainders

Remainders: Let's slay this ogre and discuss your business plan

Geeky investor Joi Ito says the new golf isn't extreme biking, it's World of Warcraft. [1up.com]
Pixar's taking over Toy Story 3, not shelving it. A power play against Lasseter, or can he wring more magic from the series? [Moviehole]
Google can keep a copy of your tax records, love letters, and porn folder, and they promise not to peek — as long as that's considered evil, anyway. [EFF]
Get in on the ground floor (or own a piece of doomed software history) — order a Flockstar tee. [Factory Joe]
Homeland Security saves the Internet from hackers and, um, bloggers in a simulation. They probably cheated and skipped the "Cory Doctorow of Mass Destruction" simulation. [Newsvine]