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Businesses

Submission + - Best Buy Confirms 'secret' Website

Iberian writes: Courant.com confirms Best Buy does indeed maintain a second website for what one could only assume is for fraudulent purposes.

State Attorney General Richard Blumenthal ordered the investigation into Best Buy's practices on Feb. 9 after my column disclosed the website and showed how employees at two Connecticut stores used it to deny customers a $150 discount on a computer advertised on BestBuy.com.
Patents

Submission + - Patent application for Godly Powers

Orleron writes: "Christopher Roller of Burnsville, MN is apparently trying to corner the market on deific abilities. He has submitted a patent application for "Godly Powers". It can be found here. In yet another example of how the US Patent system is broken, this submission actually made it through the entire process for application issuance. How much farther could it go?"
Robotics

Submission + - Beer Launcher

wittmania writes: "John Cornwell has built a beer launcher that has a 10 can magazine and can launch a beer up to 13 feet. It is controlled by a keyless entry remote which allows the "user" to lift a beer out of the mini-fridge, loading it into the catapult. The user then uses the remote to aim and fire the launcher. Cornwell has a video showing the Beer Launcher in action."

Comment Re:Dotcom v3.0 (Score 4, Interesting) 340 340

Robert X. Cringley had an article about this last year. http://www.pbs.org/cringely/pulpit/pulpit20050210. html

Basically what he said was that venture capitalists raised a whole bunch of money that they didn't spend during the last boom. This money is raised from investors and is given to the VCs for a limited time. The VCs make money from the management fees they collect for dealing with this money, usually 1 or 2% of the total amount. But, if they don't invest, then the money AND the fees get sent back to the original investors.

The time limit on investment is usually about 10 years. So if we say that the boom started around '96, then some of these limits have already expired, and the rest of them will expire within the next 4 years.

Use it or lose it. And the VCs will definitely use it.

"Everything should be made as simple as possible, but not simpler." -- Albert Einstein

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