01.23.07
Posted in Technology Ventures at 10:02 pm by Ray Wu
At an open meeting on December 13, 2006, the SEC voted to propose a change to the definition of “accredited investor” that, if adopted, would apply to offers and sales of securities issued by hedge funds and other private investment pools to “accredited natural persons”. The proposal requires “accredited natural person” to be both “accredited investors” under the existing standards and own not less than $2.5 million in investments (as currently defined in the Investment Company Act for purposes of the Section 3(c)(7) exemption) on the date an investment is made. The $2.5 million test will be periodically adjusted for inflation.
The SEC release estimates that the accredited natural person definition, if adopted as proposed, would significantly reduce the number of U.S. households that are eligible to invest in private investment vehicles. By the SEC Staff’s calculation, approximately 8.47% of U.S. households currently qualify for accredited investor status under Regulation D. The Staff estimates that this percentage would drop to approximately 1.3% with respect to investments in private investment vehicles if the accredited natural
person standard is adopted.
This would be interesting if adopted as it has a lot of implication to smaller PE funds…
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01.02.07
Posted in Events at 10:14 pm by Ray Wu
I am going to be a panel speaker for VentureOne Outlook 2007 Conference happening at the end of Feb on the corporate view of the innovations In 2007. From the agenda, it looks like a great conference.
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01.01.07
Posted in Random thoughts at 9:07 am by Ray Wu
It has been a while since I put together something… Busy holiday and family events. I want to wish everyone a great new year and thanks for your support in the past year!
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12.04.06
Posted in Technology Ventures at 12:59 am by Ray Wu
Given recent YouTube success, there are many interesting startups now concentrate on the video and music multimedia space ranging from P2P Video delivery that I mentioned in my blog before to media marketplace and movie download and rental services.
Movie download and rental services have been existing for a while. Recent entry from Amazon and soon-to-come ClickStar adds more competition and validation to this market. Here are a bunch I see in the market place: (I round up the number to make price simpler)
| Name |
Service |
Price |
| AOL Video |
Purchase |
$10 - $20 |
| Amazon Unbox |
Rent or Purchase |
$1.00 - $20 |
| CinamaNow |
Rent or Purchase |
Free - $20 |
| ClickStar |
Rent or Purchase |
Free - $25 |
| Guba |
Rent or Purchase |
$1 - $10 |
| iTunes |
Purchase |
$10 - $15 |
| MovieLink |
Rent or Purchase |
$1 - $20 |
| Starz |
Rent |
$10 per month |
| TotalVid |
Rent or Purchase |
$10 per month |
| Vongo |
Rent |
$10 per month |
If you are looking for market place, there are a few jumping on the theme that allows independent producers to sell their content online directly to content aggregators or consumers. This is sort of like a ebay marketplace for digital content. The notable ones are inDplay for motion picture and Pump Audio for music.
A lot of these will depend on how quickly and cheaply the last mile broadband can be deployed. In addition, this business takes a lot of funding, deal marking, legal protection and content. The destination is clear, the timing is a little fuzzy, business model is evolving and startups tend to be a hero when they got bought or road kill in the end
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11.30.06
Posted in Events at 7:26 am by Ray Wu
I will be speaking in the IBF’s 9th annual Corporate Venture and Strategic Investing Conference coming up on January 25 - 26, 2007 in Palm Spring, CA. This year’s topic is on capturing innovation, market share and revenue streams through corporate venture capital, M&A, and corporate development partnerships. Should be a fun one… IBF conference is normally a good place to catch up with old friends and meet new people.
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11.21.06
Posted in Technology Ventures, Globalization at 9:26 am by Ray Wu
It used to take $30 a month to get a local voice mailbox that linked with your e-mail account, then the price got slash to around $10 and stayed there for a while,. Last year, eVoice started to provide the local voicemail service for $4.99 per month, now NetZero just pushed out a service called PrivatePhone that provides a Free local phone number and voicemail services. What a deal! A free local number where people can reach you and leave a voicemail that is then delivered to your e-mail quickly as a wave file. I can see many uses for this services such as ebay sellers who don’t want to give out their numbers directly to buyers, people who is looking for online date and don’t want to share their private number initially, or an international busiess that wants to look like a US business. I think technology has really changed the landscape of the traditional telecommunication industry. After Skype, nothings looks the same anymore….
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