Chart explains corp types.

C Corporation vs S Corporation vs LLC

The phrase ""Boil The Ocean" describes an attempt at something that is way too ambitious, effectively impossible. The first time I heard the term was several years ago from an IBM developer. I thought it was an IBM-ism but I've been hearing it more and more outside of IBM. A Google search turns up an early use of the phrase that really captures its meaning:

When asked by a reporter what to do about U-boat sinkings during World War I, Will Rogers is said to have responded: "Boil the ocean". "But how would you do that?" the reporter continued. Without a beat Rogers replied, "I'm just the idea man here. Get someone else to work out the details."

Classic.

Boil the ocean

SAN FRANCISCO -- Home entertainment trendsetters Netflix Inc. and TiVo Inc. are finally joining forces to deliver more movies and old TV episodes to their mutual subscribers, consummating a relationship that was supposed to come together four years ago.

Under the partnership announced Thursday, the latest generation of TiVo's digital video recorders will be able to beam selections from 12,000 movies and TV shows offered through Netflix's streaming service, which must be piped over high-speed Internet connections. TiVo's DVRs will start catering to Netflix subscribers in early December.

Netflix, TiVo link - Entertainment News, Technology News, Media - Variety

The Department of Justice has cleared Delta's buyout of Northwest, saying it doesn't violate antitrust laws.

MINNEAPOLIS (AP) -- The Justice Department on Wednesday approved a much-anticipated merger between Delta and Northwest, clearing the way for creation of the world's largest airline.

After a six-month investigation, government lawyers concluded the merger would likely drive down costs for consumers without curbing competition.

The proposed merger "is likely to produce substantial and credible efficiencies that will benefit U.S. consumers and is not likely to substantially lessen competition," the Justice Department said in a statement issued by its Antitrust Division.

The merger should create cost savings by combining airport operations, information technology and other efficiencies, ultimately driving down prices for fliers, the regulators said.

The decision caps a six-month Justice Department investigation, which was closed without Justice Department objection to the deal.

Delta, Northwest deal approved by the Department of Justice - Oct. 29, 2008

VCs don’t typically enter a true due diligence process until after the 2nd or 3rd meeting. That’s when they start talking to experts in the field, customers, management team members, conducting technical reviews and combing through financial models. Broadly speaking, there are three stages to the process:

Seeing Both Sides: Due Diligence Reveals All - To The VC

What's all this?

The unvarnished stream of consciousness from an entrepreneur in the making. These are the things that are rattling around in my head while I work to get my product launched...

An Atlanta entrepreneur's anonymous musings about his struggle for success.

An Entrepreneur’s Scattered Thoughts on Whatever | Ichisan Rising

We’re an international venture capital firm that has helped build over 300 companies in the last 25 years.

We don’t just invest in companies. We partner with them. And our team brings decades of operating experience, market knowledge, and a global network to every company in the portfolio.

Over the last decade our portfolio companies have completed more than 30 IPOs on twelve different stock exchanges.

Atlas Venture

3. Because innovation loves a crisis.

Remember the bursting of the internet bubble? The initial wave of open source adoption followed that collapse some six or seven years ago. That same zeal for breakthrough, game changing economics is back with a vengeance - and this time, Sun's positioned as the single biggest potential beneficiary. Want proof? As companies move to lower the cost of proprietary database vendors, their number one choice is: MySQL. The number one choice to lower spending on proprietary storage: ZFS with OpenStorage. How will the proprietary alternatives fare against xVM? Glassfish? Lustre? OpenSolaris? Same, from where I sit. There's opportunity everywhere I look.

Jonathan Schwartz's Blog: Innovation Loves a Crisis

8/28/2006-Peter Schiff Predicts The US Economic Collapse With Unbelievable Accuracy

Laffer of the Laffer Curve looking like a major douschebag, as usual.

5 gold stars.

YouTube - 8/28/2006-Peter Schiff Predicts The US Economic Collapse With Unbelievable Accuracy

GM said in a statement Friday that bankruptcy protection was "not an option."

But the stock plunge effectively puts both companies on death watch, and it's easy to see why. The ratings warnings followed a new report by Global Insight that shows U.S. auto sales hitting recession levels this year - and then sinking lower in 2009.

The GM, Ford death watch - Oct. 9, 2008