Archive for April 14th, 2011

14 April
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30 Startups Ask Summer Interns To Apply Via Social Media

About 30 of the startups in Dave McClure’s 500 Startups portfolio will require their summer internship applicants to submit a social media component this year.

“Startups have a greater emphasis on cultural fit within their companies because they’re so small and also they’re moving very quickly — they need people who think creatively and are willing to break the mold,” says Nathan Parcells, the co-founder of InternMatch. “That’s not really identified in a traditional cover letter.”

Parcells knows the importance of quality interns. His company guarantees clients that they will find a good intern using its website, and it employs seven interns to help find those internship applicants on prestigious college campuses. InternMatch is organizing the competition, dubbed 500 Interns.

While it might be especially annoying to have an incompetent intern hanging around all summer in a small, startup setting, startups aren’t alone in using social media to help weed out the creatives from the mass of cover letters.

This March, ad agency Campbell Mithun chose its six summer interns after asking applicants to make their cases exclusively on Twitter. The Sierra Club, STA Travel and Charlie Sheen are just a few of many to use YouTube as an application tool.

What Parcells has in mind is less specific. He suggested that Quora, YouTube and Twitter could all be leveraged creatively, but the format is completely open. All that is required is a link to the media within the InternMatch application.

Twilio, Slideshare and Appbistro are a few of the startups participating in the social media intern search. McClure is also accepting applications for a two-week job shadow. Check out the full list here.

Via Mashable: http://www.mashable.com

14 April
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How Smartphones Can Improve Public Transit

Smartphone apps may be the key to getting people out of their cars and onto mass transit.

An interesting study of commuters in Boston and San Francisco found people are more willing to ride the bus or train when they have tools to manage their commutes effectively. The study asked 18 people to surrender their cars for one week. The participants found that any autonomy lost by handing over their keys could be regained through apps providing real-time information about transit schedules, delays and shops and services along the routes.

Though the sample size is small, the researchers dug deep into participants’ reactions. The results could have a dramatic effect on public transportation planning, and certainly will catch the attention of planners and programmers alike. By encouraging the development of apps that make commuting easier, transit agencies can drastically, and at little cost, improve the ridership experience and make riding mass transit more attractive.

Putting Riders In Control

The point is for transit agencies to provide enough information to put riders in control of their experience and have greater choice in when and where to ride. People don’t want to feel they are at the mercy of paper schedules, even if they are, and there’s nothing worse than waiting for buses that may or may not be on time.

“You still haven’t made the train change its route or made it (run) on my schedule, because that’s impossible,” said Neela Sakaria, a senior vice president at Latitude Research, the consulting firm that designed the deprivation study. “But you can give enough information that they have control.”

Transit agencies are catching on. A growing number offer real-time schedule information and updates on delays at stations, online and via smartphone apps, said Tom Radulovich. He sits on the board of the Bay Area Rapid Transit system that serves the Bay Area, and he is the CEO of Livable City, a sustainable transit advocacy group.

Although loads of data is no substitute for frequent, and punctual, service, smartphone apps will be essential for attracting new riders, serving casual riders and in neighborhoods or regions with few transit options, Radulovich said.

“Especially if you’re used to the automobile, that real time transit info is something that’s going to make you feel more in control,” he said.

Filling The Information Deficit

Latitude chose Boston and San Francisco for its study because there is a relative abundance of information about public transit. Both cities provide open-source data to developers who can create any number of apps. More than 30 apps have been created with data provided by the Massachusetts Bay Transportation Authority. Those apps increase riders’ sense of autonomy so they don’t feel they’re at the mercy of someone else’s schedule.

“Mobile technology has allowed us to provide customers with dramatically more information about their commutes at a relatively low cost,” said Richard Davey, MBTA general manager. “Just a few years ago, providing riders with real-time information would have required the installation of costly signs at bus stops throughout the system or building a complicated phone system. Today, new technology allows us to simply open our data allowing third parties to provide great solutions for customers.”

Unfortunately, gathering and releasing all that data requires some tech savvy, which too often is lacking at some transit agencies.

“Muni, until recently, had very little information as to where their buses were, how many riders they had,” Radulovich said, referring the to San Francisco Municipal Transit Agency. When Muni started gathering data, it not only helped riders but gave transportation planners the information they needed to manage transit systems more effectively. Other agencies can learn the same lesson.

“That’s going to be a boon to the agencies,” he said. “If they use those tools customers can have more information and feel empowered, and the agencies themselves can manage reliability.”

A Sense of Community

Study participants reported that ditching their cars made them feel more connected with the communities where they work and live. That feeling grows stronger still with technology that connects riders to the cityscape.

“We heard of a sense of community, and a serendipitous sense of experiencing their community that they wouldn’t be doing if they were going from point A to point B in their cars,” Sakaria said.

Without cars, participants rediscovered their neighborhoods while walking or biking to and from transit stations. Many said they’d like more information about the areas they pass through while riding mass transit. For example, if there’s a supermarket where they can grab something for dinner or a gym where they can work out, have it show up on the transit map.

To be clear, none of the participants had a lifestyle that left much time for exploration. They all had jobs and pretty rigorous schedules.

“What was really interesting is the people we talked to were inherently in need of getting to work,” said Sakaria. “If someone could get other things done on their public transit ride — what other errands they need to run, for example — this time that you’re using to get to work can actually be more productive than time spent in your car.”

Radulovich says transit riders, pedestrians and cyclists have a better sense of the communities through which they traveling, which increases social cohesion. Technology, he said, can take some of the unease and guesswork out of finding what lies between the stops.

“You might not know that there’s a dry cleaner here, there’s a hardware store here,” he said. “Things might be closer to you than you imagined.”

Making Connections

For all that BART and the MBTA have done to share data, Sakaria says there is still a disconnect between transit apps and services that might be useful to riders. For example, MBTA and BART have teamed up with car sharing services to allocate parking for shared cars. Ideally, an app would meld the two services, allowing transit riders to have a car reserved the moment their train arrives.

Another example is a new parking app in San Francisco that shows how many spaces are available at a given location. If it included transit schedules and other data, it could quickly and easily tell commuters whether they’re better off driving or taking a bus.

Places less connected than San Francisco or Boston can benefit, too.

“Cities where giving up a car is out of the question can certainly learn something from what we did here.” Sakaria said. “There are things technology can do to improve the perception of public transit that can overcome some of the barriers around infrastructure. It can overcome some of the hurdles that infrastructure can’t.”

In many cities, Google Maps offers directions via bike and transit in addition to driving and walking. Combining each and every mode of transportation into what Sakaria calls a “service ecosystem” can only increase the number of choices open to a commuter.

“I don’t need to be 100 percent a car person, or 100 percent a transit person — but two, three or four days a week I can make the decision to make incremental choices that make me feel good about saving money,” Sakaria said. “Information access becomes a great democratizer. It can start to create equity between public transit, bikes and personal cars.”

Photo: Flickr/takomabibelot

Via Wired Autopia: http://www.wired.com/autopia/

14 April
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U.S. Government Considering Big Changes to Rules Governing Private Stock

Thanks to Facebook, the U.S. government is reportedly close to changing long-standing rules governing private company stock. It’s a move that could fundamentally change the startup, venture capital and IPO worlds.

The Security and Exchange Commission recently issued a letter to Representative Darrell Issa (R-CA), outlining potential changes its heavily considering to how the law treats shares of private companies. “The staff is taking a fresh look at our rules to develop ideas for the Commission about ways to reduce the regulatory burdens on small business capital formation,” SEC Chairmain Mary Schapiro wrote to Issa, according to The Wall Street Journal.

The biggest change proposed in the letter is raising the limit on the number of shareholders a private company can have without being forced to disclose their financial information to the public. Currently that number is set at 499 by the 1934 Securities Exchange Act. It’s a number that Facebook is trying to avoid surpassing so that it doesn’t have to open its books, and it’s also the number that drove Google’s decision to go public in 2004. According to Schapiro, the SEC can increase the limit without Congress’s approval.

By changing this number, startups and fast-growing companies will have more time before they have to disclose sensitive financial information to the public. It could have a dramatic impact on the IPO market by giving companies incentives to delay filing for IPO. In addition, the SEC is considering relaxing the ban on general solicitation, which would make it easier for private companies to publicize private share offerings.

The SEC is also investigating the use of “special purpose vehicles,” a tool used by banks to help rich investors acquire a piece of a private company without surpassing the 499 shareholder limit. Special purpose vehicles received renewed attention after Goldman Sachs used one to help Facebook raise $1 billion from international investors.

The catalyst for these proposed changes seems to be Facebook’s recent round of funding. Because of SEC regulations, Facebook decided not to offer U.S. investors a chance to buy Facebook shares through Goldman Sachs, something that probably didn’t go down well with the SEC. There have been demands for decades to modernize the laws governing private company shares, but the attention on Zuckerberg and Facebook’s rapid growth may be what triggers fundamental changes in the private and public markets.

Via Mashable: http://www.mashable.com

14 April
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Spaceship Lands at San Francisco Airport

One of the first planes to dock at Virgin America’s new San Francisco International Airport terminal was a spaceship.

Virgin Galactic’s SpaceShipTwo arrived hitched between the twin fuselages of WhiteKnightTwo, its mothership and launch platform.

“For the first time we’ve brought the spaceship and WhiteKnight to a commercial airport… It’s just a fantastic, exciting day,” says an obviously amped-up Virgin Galactic CEO George Whitesides. Before he was the company’s CEO, Whitesides was one of the first people to sign up for a $200,000 ticket to ride on the space plane.

Commercial flights will begin in a year or two, Whitesides added.

The spaceship/mothership combination landed at SFO in formation with a more typical Virgin vehicle, an Airbus A320, which carried celebrity passengers such as Virgin founder Richard Branson (seen peering out the window in the video above) and pioneering astronaut Buzz Aldrin. Passengers also included a handful of lucky schoolchildren who are part of a Virgin-backed nonprofit foundation’s effort to get students interested in science, math and entrepreneurship, plus a passel of journalists.

It’s just one of the public relations benefits Virgin enjoys as a result of operating both a domestic air carrier and a suborbital spaceflight operation.

The event was staged to show off Virgin’s new home at SFO’s Terminal 2, a sleek new structure that’s been under construction for nearly 10 years. The company touted the green credentials of the new terminal and its fleet. For instance, contractors recycled 90 percent of the construction project’s debris, according to Virgin. It is also LEED Gold-certified, meaning the terminal meets stringent criteria for energy efficiency. And, Whitesides said in a statement, “Virgin America has the most advanced and carbon-efficient commercial fleet in the U.S.”

Not mentioned was the 700-800 gallons of jet fuel consumed by the hourlong, celebrity-laden A320 flight.

Also of interest to travelers is the terminal’s free Wi-Fi, “elevated laptop work stations” with power outlets, and hydration stations for refilling your Earth-friendly, reusable, stainless steel water bottles.

But at the end of the day it was the spaceship that stole the show. There’s no word on whether regular flights to space will actually depart from SFO once Virgin Galactic begins commercial operations.

If so, they might have to rename the airport San Francisco Interplanetary.

Video: Michael Lennon/Wired.com. Photos: Jon Snyder/Wired.com

SpaceShipTwo and WhiteKnightTwo approach San Francisco.

Virgin founder Sir Richard Branson gazes at his spaceship from the window of his airplane.

Totally legit astronaut Buzz Aldrin uses an iPhone aboard a Virgin America flight.

Via Wired Autopia: http://www.wired.com/autopia/

14 April
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Homeland Security to Issue Terror Warnings via Facebook & Twitter

Gone are the U.S. Department of Homeland Security’s color-coded terror warnings. Two new types of warnings will take their place starting April 27, and they’ll be coming to you via Facebook and Twitter.

Instead of the five threat levels that were originally implemented as part of the Homeland Security Advisory System in 2001, now there will be just two levels — “Elevated” and “Imminent” — according to a Homeland Security plan draft obtained by the Associated Press. When the government determines that issuing a warning will risk exposing U.S. spies or their operations, there will be no warning at all.

The warnings will be issued far and wide but only “under certain circumstances for limited periods of time,” according to the AP. The newest twist is that the messages will also be available on Facebook and Twitter “when appropriate” and only after federal, state and local officials have been notified. There were no further details about how those warnings would be presented.

Commenters, what do you think of this new way of notifying us? Is it needlessly spreading fear or making it more likely that someone could stop terrorists before they do any damage?

Via Mashable: http://www.mashable.com

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