NYT casts doubt on al Qaeda involvement in Benghazi

A New York Times report on the attack calls into question much of what Republicans, accusing the Obama administration of a cover-up, have said about the incident. The three main points of contention have been whether the attack was planned, whether it was sparked by an anti-Muslim video, and whether al Qaeda was involved. The reality in […]

Netflix CEO Reed Hastings, Doerr invest $14.5M in DreamBox Learning

Netflix CEO Reed Hastings, Doerr and two undisclosed Seattle education philanthropists are investing $14.5 million in DreamBox Learning, a Washington-based company that’s pioneered a new interactive and adaptive educational system for teaching kids math. The company’s math product is available on PCs and the iPad, with DreamBox serving two million lessons per week in schools in […]

Hall of Fame inductee

The Rock and Roll Hall of Fame announces Nirvana as one of the 2014 Rock and Roll Hall of Fame Inductees. 2014 is the first year Nirvana is eligible. Artists become eligible for induction 25 years after the release of their first record. Criteria for inclusion include the influence and significance of the artists’ contribution […]

Car crashes into Biter-owned property

At about 2:45 a.m on Sunday a vehicle crashed through the storefront of a property on Sarasota Main St. owned by Biter. The driver told officers she must have fallen asleep, because she didn’t know what happened. She said she was driving home from a bar, and an officer smelled alcohol on her breath. The […]

Hostess expands Kansas snack cakes plant

Hostess announces an expansion of the Emporia, Kansas, site. Additions include an approximately 36,000-square-foot warehouse building, the installation of a new Auto-Bake production line, and additional equipment upgrades and purchases. The total investment is expected to exceed $30 million, and an additional 50 full-time employees will be hired. Other plants are in Columbus, Ga.; Schiller Park, Ill.; and […]

Homemade Twinkie Machine released

Huffington Post reports that a homemade Twinkie machine is on sale. The device’s six non-stick molds crank out warm pastries in four to seven minutes. Recipes are included for classic, chocolate and red velvet Twinkies.

Gwyneth Paltrow’s trainer says juice cleanses are ‘like Twinkies’

The Sydney Morning Herald reports that Tracy Anderson, Gwyneth Paltrow’s trainer slams the juice cleanse fad as a “horrific” way to lose weight and get healthy. If you’re going to drink a non-organic green juice, you might as well eat a Twinkie. Or a half a Twinkie, at least,” she says. “There’s like 80 calories in […]

Swartz Surveillance video released

MIT surveillance clip is released by the U.S. Secret Service in response to a Freedom of Information Act request filed by Wired reporter Kevin Poulsen MIT surveillance video that led to Aaron Swartz's arrestWatch this video on YouTube

British Vogues: Meet the SWAGs

The fashion magazine’s Birtish edition runs a story “High Tech Heroines: The Silicon Valley wives and girlfriends (SWAGS)” which includes de Baubigny, Yahoo CEO Marissa Mayer and One Kings Lane founder Alison Pincus.

Bitcoin Worth at Least 100 Times its Current Price

The twins tell CNBC that they believe bitcoin should be worth at least 100 times more than it’s valued today. The small bull case scenario is a $400 billion market cap. So the market cap is around $4 billion right now. Tyler also noted that the closure of The Silk Road, an online marketplace for […]

HUB fills up in one year

After just one year a 40,000- square-foot building owned by Biter is fully occupied. The building near downtown Sarasota is primarily occupied by the HuB collaborative workspace, which occupies the third floor and half of the four-story building’s second floor. The initial 37 incubator offices became so popular that HuB founder Rich Swier Jr. and Biter […]

Worst of Times

Feld appears in a video promoting Foundry’s portfolio companies Worst of TimesWatch this video on YouTube

‘Why shouldn’t downtown Sarasota be noisy?’

At a Rotary Club meeting, Biter attacks a group of downtown residents who participate in Sarasota Commission and Planning Board meetings They’re afraid of 20-somethings spilling out of clubs at 2 am and bellowing at the moon. They’re afraid of throbbing music and honking horns. Biter laments that commissioners feel they have no choice but […]

Obamacare ‘A hacker’s wet dream’

In an interview with Cavuto, McAfee says that Obamacare is a hacker’s “wet dream” Well, here’s the problem – it’s not something software can solve. I mean, what idiot put this system out there and did not create a central depository? There should be one website, run by the government, you go to that website […]

Founds FG Angels

Foundry forms FG Angels, a vehicle to fund startups on AngelList. An AngelList syndicate allows investors to co-invest with other notable investors. People who back a notable investor’s syndicate commit to invest in their future deals, and agree to pay them carry, a fee for managing the fund. Foundry is committing $2.5 million with a goal of making […]

Announces $100 ‘anti-NSA’ device

McAfee announces plans for a device, called ‘D-Central’, which would be resistant to government surveillance by creating localized, super-secure networks. It is the first product from his company, Future Tense Central. McAfee claims the device will be so effective that governments will be likely to ban its use. If this happens he promises to sell it in […]

Climbs Kilimanjaro

Biter reaches the 19,341ft summit of Mt Kilmanjaro, Tanzania, Africa, with friends. Biter had got the idea from reading Zappos founder Tony Hsieh’s book, “Delivering Happiness,” in which the celebrated entrepreneur writes about climbing Mount Kilimanjaro and other experiences. Kilimanjaro Africa – Machame Route – September 2013Watch this video on YouTube

20th Anniversary of In Utero

To commemorate the album’s 20th anniversary, DGC Records reissues the album as a 3 CD Super Deluxe Box Set that includes over seventy remastered, remixed, rare and unreleased recordings.

Donates $100,000 to Boulder flood relief

Feld and his partners contribute $100,000 to help relief efforts in Boulder, after massive flooding. Feld asks entrepreneurs in the area who have had a meaningful financial success to consider money or 1% equity through EFCO to the Boulder Flood Relief Effort.

Mt. Gox countersues bitcoin incubator CoinLab for $5.5m in damages

Mt. Gox and bitcoin business incubator, Coinlab had formed a business partnership last November, giving  CoinLab the exclusive license to market Mt. Gox’s services in North America. But CoinLab had filed a complaint on May 2, claiming $75million damages, alleging that Mt. Gox had withheld information it needed to market to customers, instead continuing to sell into North […]

Poll: McAfee should run Microsoft

TechWeekEurope readers vote McAfee as their favorite tech leader to run Microsoft after Steve Ballmer’s departure. McAfee beats Bill Gates, Alan Sugar of The Apprentice, former Microsoft CTO and Lotus Notes creator Ray Ozzie, Apple CEO Tim Cook and Facebook’s Sheryl Sandberg, all of whom scored five percent of the vote or less.

Not dead

After rumors of his death hit the Internet McAfee tweets that is alive and well. I felt fine when I went to bed last night. I had such great plans.. “RIP John McAfee" #allinclusivevacationdownsouth http://t.co/UEy8T1AUxo — John McAfee (@officialmcafee) September 9, 2013 Followed by: For those wondering if im dead the answer is… "The Media […]

How To Be An Eccentric Millionaire

McAfee releases a follow-up parody video addressing recent events in his life: In my last video I didn’t have much time to tell you much about myself. The four most popular questions are 1) Did I murder my neighbor in Belize? 2) Was I manufacturing illegal drugs in Central America 3) was I having sex with […]

Faith in God paramount to success

At Lakewood Ranch Business Alliance Biter shares his keys for success: paramount faith in God, maintain a positive workplace environment, don’t micromanage, think bigger. One of my prayers has always been ‘God, close the doors you don’t want me to go through and open the ones you do,’” Biter said, noting that faith in God […]

Invests $5 million (4700 BTC) in Mastercoin

BitAngels invests $5 million in Mastercoin an open-source platform that is building a protocol layer on top of Bitcoin, in order to provide users with a number of important features which Bitcoin itself lacks, including virtual assets, a distributed exchange, and contracts for difference. Fifty BitAngel angels participated in the investment, with David Johnston being one […]

Twinkies are back, but most jobs are not

According to an analyst only about 20% to 25% of the 18,500 jobs previously at Hostess will end up returning when all the brands are up and running again. This is partically a result of replacing laborers by  new investments in equipment and machinery to replace laborers. A spokeswoman for Apollo-Metropoulos venture, said the company plans to […]

Walmart gets early Twinkie shipments

Wlamart announced Friday that 1600 of its stores are already selling the Hostess snack, and it promises to have 3,000 of its 4,000 U.S. stores stocked by Sunday morning. The news comes three days before Twinkies national return date set for Monday, July 15, the Associated Press reports. Walmart also plans to have Hostess mini muffins and […]

Social media pave way for Twinkies’ return

Hostess has started a broad comeback campaign nearly eight months after Hostess filed for bankruptcy, and Twinkies and other snack cakes disappeared from store shelves. The company was subsequently bought by two private equity firms, Metropoulos & Co. and Apollo Global Management. Hostess plans to welcome back Twinkies, CupCakes, and both frosted and chocolate Donettes under the […]

Announce Bitcoin ETF

According to a new filing with the SEC, a trust sponsored by Winklevoss Capital Management has registered to offer shares that will give buyers exposure to Bitcoin. The investment objective of the Trust is for the Shares to reflect the performance of a weighted average price of Bitcoins, less the Trust’s expenses. The Sponsor believes that, for many […]

Supports Edward Snowden

McAfee is interviewed by Cavuto on Fox News declaring his support for Edward Snowden and drawing comparisons to his own time on the run. From my perspective he revealed something that we all knew. We are being spied on by our government. It’s simply that Mr Snowden has put a quantitative value on it…To that extent […]

How To Uninstall McAfee

McAfee appears in a parody film, How To Uninstall McAfee Antivirus. Although I’ve had nothing to do with this company for over 15 years, I still get volumes of mail asking, ‘How do I uninstall this software?’ I have no idea. How To Uninstall McAfee AntivirusWatch this video on YouTube

Network at 120, Invests $100K in Blueseed

One month after  launch, BitAngels doubles its number of investors to 120 and has added nearly $10 million in capital to its reserves, bringing its total to just under $18 million. BitAnels first investmnet of $100K  goes to BlueSeed, the “seasteading venture” that incubates startups in international waters not far off the coast of Silicon Valley.

Funding tips seminar

Gouw and Stanford University finance professor Strebulaev talk about angel and venture capital funding at Silicon Valley Open Doors event in Mountain View. Gouw tells entrepreneurs to think of the term sheet as a prenuptial agreement where the relationship between the entrepreneur and VC is like a marriage that will last about eight to 10 years. To make […]

Bans anonymous currency deals

Following the recent arrest of five people from Liberty Reserve in the US, Mt. Gox takes steps to avoid action from US authorities announcing it will no longer accept anonymous accounts. It continues to allow Bitcoin deposits and withdrawals but any currency transactions need ID checks. New staff have been hired to verify accounts within 48 […]

BitAngels starts with 60 angels

Over 60 investors come together to start BitAngels, the first multi-city angel network and incubator created to invest exclusively in cryptocurrency startups. Led by Engine.co founder David A. Johnston, SocialRadius and Marketwire founder Michael Terpin and angel investor Sam Onat Yilmaz, BitAngels is a distributed network of angels and entrepreneurs that came together a few days after the Bitcoin […]

Winklevoss Capital invests $1.5m in BitInstant

BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, raises $1.5 million in a seed funding round led by Winklevoss Capital. BitInstant’s full-time staff of 16 led by CEO Charlie Shrem processes approximately 30 percent of the money going into and out of Bitcoin, and last month alone facilitated 30,000 transactions. The Winklevosses […]

City Commissioner attacks Biter

ABC7 Chapman Attacks Young Professional Jesse BiterWatch this video on YouTube On local radio Sarasota City Commissioner-elect Susan Chapman criticizes Biter: Jesse Biter is a newcomer.  He would do better and be more successful if he allied himself with a more experienced developer who knew about the history of this city. One person should not […]

Homeland Security seizes U.S. Dwolla account

The US Department of Homeland Security (DHS) issues a warrant (document) to seize money from Mt. Gox’s US subsidiary’s account with payment processor Dwolla. The warrant suggests the US Immigration and Customs Enforcement (ICE), an investigative branch of the DHS, feels the subsidiary, which should have been licensed by the US Financial Crimes Enforcement Network (FinCEN), has been operating as an unregistered money transmitter in the […]

Takes on green energy critics

John Doerr Takes on Clean Tech CriticsWatch this video on YouTube Forbes reports that despite failures Kleiner is not ready to give up on clean tech: I still believe deeply both in the promise and the profits that are going to come from green.” Five of the boards he serves on are green tech companies, […]

CoinLab sues for $75m

Coinlab’s files a Federal lawsuit inWashington State. Coinlab alleging that Mt. Gox has breached a contract clause which was supposed to give Coinlab exclusive access to the North American market. The lawsuit states: Defendants have breached the exclusivity provisions of the Agreement by directly servicing customers in the United States and Canada since the Agreement […]

Hostess reopens Twinkies, Ho Ho bakeries

The new Hostess Brands said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands back on shelves by the end of July.

Swartz documentary Kickstarter project launches

Brian Knappenberger, the director of the Anonymous documentary We Are Legion: The Story of the Hacktivists, launches a Kickstarter to raise $75,000 to fund his feature documentary about Swartz. The documentary, currently titled The Internet’s Own Boy, will look not just look at the life of the programmer and activist, but at the culture he helped build. In addition to speaking with Swartz’s family […]

Reuters interview

Reuters interviews Karpeles, who while sitting on a big blue ball, explains that the currency needs more merchants to adopt it so it can grow,

Plans Hub Pub

Biter unveils plans for bar next to the Hub building where he works.  The open-air taproom will formalize a current practice: He keeps a beer kegerator in the lounge of his office, and it has become a 5 p.m. gathering spot for the building’s workers. The whole idea is conversation. I want to create a […]

Metroworks funded by Sunbridge

MetroWorks receives an unspecified amount of funds from Sunbridge Global Ventures, a startup VC fund run by ex-Oracle Japan CEO Allen Miner. The startup ‘s Atsumare CQ helps web administrators easily manage group development work among  content creators.

Own 1% of all Bitcoin

The twins annouce they own nearly $11 million of the virtual currency, one of the single largest portfolios of the digital money. At this time the total market size of Bitcoin is $1.3 billion. Cameron: People say it’s a Ponzi scheme, it’s a bubble. People really don’t want to take it seriously. At some point that narrative will shift to ‘virtual […]

Vanity Fair: Silicon Valley’s most stylish

De Baubigny is highlighted as one of Silicon Valley’s most stylish executives: The mother of two is often seen in structured shift dresses, belted frocks, and flowing asymmetrical gowns, many of which she’s likely bought online at her favorite online shopping sites, Net-A-Porter and Kirna Zabete. Some of her choice designers include Derek Lam, J. […]

Bitcoin hits $100, Mt Gox has 76% market share

The price of one bitcoin  breaks through the milestone $100 barrier for the first time. Mt Gox is processing 76% of all bitcoin trades or $6 million worth of Bitcoin trades per day, which equates to $60,000 in daily revenue for the company which has 18 employees.