VALUE-able Facebook is now worth $50 Billion

The end of last week seemed pretty worthy for Facebook, as it raised a whopping amount of $1.5 Billion on Friday taking its financial valuation to a net worth of $50 Billion. This should definitely make Mark Zuckerberg smile ear-to-ear as his baby project, Facebook has grown to become the third largest online service in terms of financial worth. Google leads the charts with Amazon.com at second position in this list.

Facebook has over-taken Yahoo! and eBay in financial standings. All thanks to the recent investment deals Facebook had with non-US investors through Goldmans Sachs which was worth $1 Billion. In addition to this Russia’s Digital Sky Technologies had also invested half a billion dollars in Facebook during the month of December.

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Does Open Source have in it to be Numero-Uno?

I remember writing an article about 2 months ago, on Open Source’s revenue flow and the actual source of the payments that Open Source gets. I stated that the question of Where does Open Source get its Payment from? is one that could have multiple answers. This question of whether Open Source has it all to be Number 1 also has a similar confusion. It should seem like Open Source does have it all, but there are several instances wherein Open Source has lost out to the Big private players like Oracle, IBM, SAP, etc. who easily trade their products in the market for big bucks too. So if you were to ask me what Open Source really lacks, I would say that it falls short in advertising, marketing and selling its products.

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Phone-banking services in India — bringing banking to the masses and a tidy profit

There are so few instances where services for underdeveloped areas are profitable that Vodafone’s new phone-based banking program warrants attention.

Vodafone’s Indian sector has recently formed an alliance with one of the major banks in India to create a phone-based banking system designed to boost profits for Vodafone after competition lowered their margins. Recently competition has pushed Vodafone’s cell phone rates below $.005 per minute in India, seriously damaging their profit margins. These lowered profits are the motivation behind why the cell phone giant has created this new mobile phone banking program.

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Founder Institute opens Global Admissions, expands to more cities

Founder Institute

If you’re starting a new company or planning to start one, Founder Institute, may be just the right one for you. In short, Founder Institute will help you cross your t’s and dot your i’s to help reduce the cost and increase the quality of starting an enduring and meaningful technology company.

Founder Institute announced the opening admissions for 13 locations worldwide, including three new chapters in Bogota (Colombia), Santiago (Chile) and San Francisco.

Applications are currently open for the 2011 Spring and Summer semester. Apply before the Early Admissions deadlines and you may be able to take the predictive Admissions Test for free, and also have a better chance of being accepted into the program.

Great ideas don’t get funded by themselves

Many entrepreneurs have brilliant ideas that could turn into Fortune 500 companies. They deserve the opportunity to prove themselves. Unfortunately, most of them are never given that chance.

Investors are usually fairly conservative with their money. They hear many business ideas and have to filter some of them out. Remember the quote from Gordon Gekko on Wall St? “”I hear a hundred tips a day and I choose one.”

Unfortunately, the metrics you use to determine if an idea is brilliant or not are probably completely different than those an investor would use. Here are some things you may need to work on to improve the odds of getting funding.

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Broadcom’s entry charms the Linux Foundation

During earlier days, the predicament that Linux had was related to lack of support from the big players. But things have now changed to a larger extent with Linux being associated with several big names and availing immense support from them. Like how Linux desktop users lately have been receiving Wi-Fi chipset support which was lacking earlier. But the recent news development that has come as quite a delightful surprise for Linux users and fans has been the entry of Broadcom to the Linux Foundation.

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Getting better conversions with location-based SEO

Marketers often get a lot of exposure and traffic to their website, but the actual conversions they receive may be much lower than they hope. The problem isn’t always the amount of traffic they are receiving, but who is actually coming to their website. One of the most common problems entrepreneurs face is that they are reaching people outside their zone of business.

A photographer I know told me that his website gets tens of thousands of visitors a month. Unfortunately, the traffic he is getting is coming from people at least 500 miles away. I told him that he needs to focus on developing a location-based marketing strategy so that he can reach people in the San Francisco area.

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Super SSD Technology

In an effort to infuse more life in my 1-year old Macbook Pro, I began researching SSD technology drives in the market and quite overwhelmed by the choice, I sauntered the Interwebs in an effort to make an educated decision that would skyrocket my productivity and in the process burn a proportionally deep hole in my pocket. During this process of research and analysis, I came across Israeli start-up Anobit Technologies Ltd. that has announced its first product, a multilevel cell (MLC) solid-state drive (SSD) that it claims is as reliable as today’s higher-end & higher-cost single-level cell (SLC) enterprise-class flash drives.

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