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James Hong

once you're lucky, twice you're good

L is for Levchin, who never goes slow

Max Levchin, the cofounder of PayPal and the CEO of Slide, measures nearly everything, down to the optimum price to pay for an engagement ring. If he needs a metric for self-importance, Once You're Lucky, Twice You're Good, Sarah Lacy's new book about Web 2.0, provides one. He occupies 78 out of 294 pages, more than anyone else. Here are the index pages for "F" through "M": More »

spam

HotorNot kindles true love

Founders James Hong and Jim Young sold HotorNot earlier this week, but so far, it's business as usual for the operation. Meaning, the site remains a very effective means of getting a date. Check out Daniya here. She's completely smitten with our secret correspondent and man of mystery, Tips. Sadly for Daniya, Tips prefers a different kind of "dating" site.

acquisitions

HotorNot sold for $20 million, founders now rated 10/10 with the ladies

HotorNot.com, the online "dating service" that lets you rate pictures of the opposite sex based on hotness and then connect with the ones you like, has been bought for around $20 million according to TechCrunch. Valleywag alumna Megan McCarthy pours water on that figure, citing cofounder James Hong: there were "very few people on the deal and there's no reason for us to tell anyone" about the price. Founders James Hong and Jim Young will no longer be involved with the company after the sale. Hong said, "It's time to break up with this girlfriend."

online advertising

Starbucks has few fans on Facebook

The premise behind Facebook's Social Ads is the notion that users of the social network will declare their brand loyalty on the site, and thereby opt into targeted ads from some of their favorite corporations. Starbucks, despite a recent dip in store visits after a price hike, serves 44 million customers a week. So you'd think a few of those customers might have admitted to being fans of Facebook, right? Wrong. Facebook's Starbucks product page has all of 59 fans. I think there were that many people in my local Starbucks the last time I bought a latte. More »

bubblewatch

Sean Kingston gets violent with BitTorrent

Writes HotorNot founder James Hong on BitTorrent's party this week at Fluid, where rapper Sean Kingston took the stage:
Last night, almost as if to out-LA LA, SF company BitTorrent had a small party at fluid to celebrate the launch of their CDN network (brilliant business move!). They apparently arranged in conjuction with a local radio station for Ashanti and Sean Kingston to perform to the tiny crowd. I took a picture of BitTorrent's founders Bram and Ashwin to memorialize the moment, sensing that it denoted SOMETHING.. whether it's a sign that the bubble is getting bigger, or the more likely conclusion that techie work is now getting more main stream and therefore a lot cooler remains to be seen! :)
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party report

Much love to Web 2.0

The week of Web 2.0 Summit, with the industry converging on San Francisco, seems like as good time as any to throw a shindig. Everyone's in town for the schmoozefest, so you might get to meet quality people who normally avoid the party scene. While my boss hit the Reddit party, I hopped around town to some of the other events. Three, in fact. VC firm True Ventures held a gathering at their offices on Pier 38, a tech industry jam session — for charity, naturally — occurred across town at the Rickshaw Stop, and VCs Eric Chin and Mike Jung held a private party at Fluid for attendees of their intimate Alpha dinners in Woodside. Who needs sleep this week?

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hotornot

Dating site not so hot with advertisers?

HotorNot.com, the online dating and rating site run by Jim Young and James Hong, is abandoning its experiment in free, ad-supported user profiles and is reverting back to paid memberships. Is this a sign of failure? According to an email from Young and Hong to past and current members, no. Free profiles led to a flood of spammers that were overloading the website — an outcome that members had predicted at the time. Plausible. And yet plenty of other sites offer free profiles while keeping spammers at least somewhat in check. Could this actually be a tacit acknowledgement that all the assumptions that cofounder Hong made in a blog post announcing the move to make HotorNot free three months ago were, well, wrong? That online advertising is not, in fact, HotorNot's future? The full email after the jump. More »

hot or not

James Hong sees the future a little late

James Hong, founder of the popular rating/dating service Hot or Not blogs about the future of his company's strategy and products. The short version: social bookmarking, Hot. Subscription dating: Not. It's difficult to question the success Hot or Not has brought James Hong (and his partner Jim) — reportedly "multi millions of profits per year" — but it's much easier to ask: did Jim and James exploit a fad at the right time, and now are playing catch up to the newest fad? The lengthy explanation of how the improved market data and directed advertising of a social network is a business (No way!) and that users like social applications (Get out!) suggest so. Transforming a successful business is Hot; mimicking every other business is Not.

hot or not

Hot or Notters at loggerheads?

A tipster writers in with goss on potential rumblings within the cerebral confines of Hot or Not:
inside scoop is that Hong and the other guy are having problems, can't agree on the direction of the company. Hong wants to take it much further, make it a friendster/myspace thing and throw everything in such as video, blogs, the whole 9. Engineers are leaving and new ones are hard to come by. They may just sell it if they can't work it out in the next 30 days.
Poor Jim Young, always "the other guy" to James Hong. Though normally we assume that everything we're told is true, we're going to cast doubt on this one. Rumor has Hot or Not making a pleasant pile of cash ($6 million a year). We've already mentioned Hong hiring engineers, and though he's certainly ambitious — and probably feels that pals like Paypaller Max Levchin have done better — bailing out now would seem a little premature.

james hong

James Hong doesn't hate African AIDS babies

Thanks to a Valleywag post from earlier today, one of sixteen tech superstars has replied to a message from Curt Hopkins. 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 »

hollywood

Valleyfolk invade Hollywood

The Hollywood Valley invasion is just a swap: the Valley's taking over Hollywood, one clever indie flick at a time. More »

adaptive path

Adaptive Path: "I think it might be a beverage."

Okay, Adaptive Path (yes, yes, the people in the tub of lust, everyone keeps bringing it up) is one of the few unmockable San Francisco Internet startups. It puts out an actual service, has actual offices (with REAL DESKS. Really), and it's been up and running for five years. Now it's selling bits of itself to Google and hooking up hook-up artists at anniversary parties. More »

valleywag hotties

Valleywag hotties: Hot-or-not that there's anything wrong with that

Ladies: Lemme talk to the gentlemen for a minute. Some of them are dealing with tough feelin's right now. More »

ratings

Valley sluts on the Slut-o-Meter

Big sister Lifehacker gives us the best "productivity" tool ever: the Slut-o-meter gives a safe-to-unsafe result ratio, or basically a promiscuity rating. Since computers are never wrong about sex, I ran some bold names through the meter for an official Valley Slut Register: More »

remainders

Remainders: Today must be naked day

James Hong and Jim Young once posted a Hot or Not billboard showing them naked with laptops. The sign was taken down, but James just found it again on MSN Live Local. [James Hong]
Om Malik gets giddy about Demo startups in his latest podcast with Niall. [Om Malik]
Yahoo is the new Visa: The search company starts offering point-based rewards to customers. Startup idea #207: Chinese search farms racking up Yahoo points. [Techdirt]
What's worse than censoring search? Sending a Chinese journalist to jail. But hey, Americans, the freedom to share more Coldplay with your friends? Now that's a fair trade! [Yahoo helps jail dissident, SiliconBeat]
Worship Wozniak? He's a great guy, invented personal computers, sure, but has he made any shiny little video players? Nope. [Wired News]

candids

Classic Valley candids

If D.C. is Hollywood for ugly people, then Silicon Valley is D.C. for the even uglier. (A cheap joke, of course, which we'll contradict with our Valley Hotties contests.) Everyone has a bad photo now and then; the fun is when they get promoted up to the "don't share bad photos" ranks of one tech giant or another. Above is the lovely Sergey Brin in drag, looking as scary as the evil girl in "The Ring." After the jump, shots of Hot or Not founder James Hong and Google VP Marissa Mayer. More »