jeudi 11 juillet 2013




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Do you know who is the president of Xrbia?
Remember? Xrbia (www.xrbia.com)! An independent republic. Mostly, only on the web. At least, when it was launched. 4 months ago. In August 2012.

The promoters of Xrbia don't consider Xrbia as a real estate project. They claim that Xrbia is all together a different world.

Same with me. I completely agree with the promoters of Xrbia. I also don't consider Xrbia is a real estate project. You know that.

For me, Xrbia is an investment 'idea'. An idea for the stupid people to bait their disposable income.

An investment idea marketed on the web. On the social media. On Facebook + Twitter + You Tube. Passionately promoted on Indian Real Estate Forum.

Xrbai. An idea "distributed" by the third party agents. For the attractive commission. Somewhat like "Multilevel Marketing (MLM)". Like they distributed Japan Life Sleeping System. The magic mattress which promised to bring about wonderful cures while one slept, no matter what ailment the person suffered from. Including cancer.

In the real world, for me, Xrbia means Mr. Vishwanath Phalke. Vice President - Revenue Operations, XRBIA.

Who got in touch with me after I published my first blog "XRBIA Hinjewadi - The Sucker's Deal for the Stupid People with Some Disposable Income". To arrange my meeting with Mr. Rahul Nahar, Chief Executive Officer of XRBIA Developers Ltd.

In that meeting, I made my point. Though I don't like Xrbia and stupid real estate investors, I want to write about the 'progress of Xrbia".

Because, I write Ravi Karandeekar's Pune Real Estate Market News Blog to share information about what's happening in Pune real estate market. I may criticize a project but I will share information. Start discussion. Invite Pune property buyers to share their views.

So, Mr. Nahar & Mr. Phalke, please, keep me posted about Xrbia. I requested. And Mr. Phalke agreed to give me official progress regularly.

However, after that meeting in August 2012, I couldn't talk to Mr. Phalke. I didn't receive reply to my eamil and SMS.

However, a few days ago, Ms. Smita called me. From Mr. Phalke's mobile. Told me that now a days Mr. Phalke is mostly in Mumbai. So, I better talk to her.

I was more than happy to talk to Ms. Smita. I had heard a lot about her. About her dynamic personality. She is not only chief executive but the queen of Xrbia. Someone had told me.

And you know what? Yesterday I met the queen of Xrbia. Ms. Smita Monterio Lobo, AVP (Revenue Operations), Xrbia. At Showroom no 7, survey no 403-A, ICC trade tower, Senapati Bapat Road, Pune, MH 411016, India.


Smita & Sonia:


At the end of conversation, I asked Smita, "Can I take your photo?"

"Are you going to publish it on your blog?," Smita asked.

"Yes, of course! I am impressed with you. You are lot more charismatic than I was told. Those who told me about you, might have found it difficult to describe you in words. I don't want to do the same mistake. I want to publish your photograph on my blog!," I said.

"Sorry. My family is conservative. They don't like it. They are against publishing photos on the web," Smita said.

"OK. I respect your privacy. But let me confess. I haven't seen anyone so cool & confident. I will always remember this conversation. They way you told me all those things - particularly - your statement - We are going to construct 1 lakh homes - great!," I said.

"When you have faith in something you are confident about it!," Smita said.

"Yes, and the result is - all believe in you. Even someone like me! So, let me sum up our conversation. You told me 3 things. 1) New marketing strategy 2) Payment terms - ADF or As per the progress of construction 3) Possession of 13 buildings in 3 years. Right?," I asked.

"Yes!," Smita said.

"Thank you!," I said and took her leave. But one question didn't stop bothering me. I can tell you what Smita told me. But how can I tell it to you the way she told me. How about an example? Will it describe the way Smita presented herself? For example, Smita sounded like Sonia talking about how Congress is against corruption & mehangai. Got me? - See more at: http://ravikarandeekarsblog.blogspot.in/2013/01/Xrbia-Hinjewadi-Pune-India-Updates-1.html#sthash.7xoeosEy.dpuf


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Yahoo completes blockbuster $1.1 billion Tumblr acquisition

Yahoo completes blockbuster $1.1 billion Tumblr acquisition
Exactly one month after announcing plans to acquire microblogging platform Tumblr for $1.1 billion, Yahoo has closed the deal.
The Internet giant announced Thursday that it officially owns Tumblr. The company announced the acquisition last month, saying that the $1.1 billion purchase price would be "substantially all...in cash." The company also promised at that time "not to screw [Tumblr] up."
Tumblr is highly popular site with over 300 million monthly unique visitors. The company was founded in 2007. Under the terms of the deal, Tumblr will remain its own entity under the Yahoo … Read more

TripAdvisor gobbles up GateGuru for better flight, airport info

TripAdvisor gobbles up GateGuru for better flight, airport info
TripAdivsor has acquired a small mobile startup in the travel industry.
The travel company announced on Wednesday that it has acquired GateGuru, a mobile platform that provides a wide range of information for travelers, including details on itineraries, airports, and rental cars.
In a statement, TripAdvisor said that GateGuru will complement its other popular application, SeatGuru, which tells people the best spots to sit on a plane. TripAdvisor didn't announce the terms of its deal with GateGuru, but did say that the app maker will continue to operate its business out of its headquarters in New York City.

Yahoo's buying spree continues with Rondee acquisition

Yahoo's buying spree continues with Rondee acquisition
Yahoo has been on an acquisition spree lately, and it's not done yet.
The latest catch: Rondee, a free conference-call service provider. The service announced the deal Wednesday on its Web site, saying simply that it's been acquired by Yahoo and will join the online giant's Small Business team. The terms of the deal were not disclosed.
With the Yahoo acquisition complete, Rondee is no longer accepting new users. Current users can continue to create their free conference calls until July 12. Data from past calls will be available until August 12. After that, Rondee is going … Read more

WhatsApp sets new record with 27 billion messages in a day

WhatsApp sets new record with 27 billion messages in a day
WhatsApp, the mobile service that has established itself as a free alternative to texting, has reached new heights.
The company announced on its Twitter page on Wednesday that in the previous 24-hour period, it had set a new one-day record of handling 27 billion messages. According to the company, its users sent over 10 billion messages during the period, and received 17 billion messages.
WhatsApp has been growing by leaps and bounds. On December 31, the company hit a new record for itself of handling 18 billion messages in a day.

Bloomberg launches $75M venture capital fund

Bloomberg launches $75M venture capital fund
Media outlet Bloomberg will launch a $75 million venture capital fund to invest in early-stage companies.
The fund, called Bloomberg Beta, is expected to launch Wednesday, according to various media reports, but has already invested in nine companies, including Newsle, Nodejitsu, Codecademy, Errplane, and ProsperWorks, according to VentureBeat.
The independent venture will focus on startups that are "producing insights from data" and "making the experience of work better," according to a news release cited by VentureBeat.
Bloomberg has invested in tech companies before through Bloomberg Ventures, an incubator that helped companies that could be combined with … Read more

Yahoo confirms $1.1B Tumblr buy, promises 'not to screw it up'

Yahoo confirms $1.1B Tumblr buy, promises 'not to screw it up'
Microblogging service Tumblr is being acquired by Yahoo.
Yahoo announced the deal early Monday, along with a "promise not to screw it up." The Internet pioneer is paying $1.1 billion for Tumblr, "substantially all of which is payable in cash," Yahoo said.
The news had been expected. The Wall Street Journal reported Sunday that the Yahoo board had approved the deal.
Under the terms of the deal, Yahoo will allow Tumblr, which has over 300 million monthly unique visitors, to operate as a completely separate entity that retains "the same Tumblr irreverence, wit, and … Read more

Andreessen Horowitz raises funding for drone software

Andreessen Horowitz raises funding for drone software
Andreessen Horowitz, one of the most prominent Silicon Valley investors, is leading an investment round in a company that's developing software for the commercial use of drones.
Called Airware, the Newport Beach, Calif., company provides several different platforms and tools for companies that want to invest in unmanned aerial systems (UAS), otherwise known as drones. Andreessen Horowitz led the funding round in the drone company, which raised $10.7 million. Google Ventures also participated in the round, according to All Things Digital, which was first to report on the news.
The key difference between Airware and the drones we … Read more

Peter Thiel leads $6M funding round for TransferWise

Peter Thiel leads $6M funding round for TransferWise
TransferWise, a London-based peer-to-peer currency exchange, announced Monday that it has closed a $6 million Series A funding round led by PayPal co-founder Peter Thiel's Valar Ventures.
The investment in the company, which seeks to use the Internet to make it easier to transfer funds among currencies, marks Valar Ventures' first foray into Europe. Thiel, who was Facebook's first outside investor, was joined in the round by SV Angel and previous investors IA Ventures, Index, Seedcamp, and early stage investment firm TAG.
Coupled with a previous seed round, the recent investment brings TransferWise's funds raised to $7.… Read more

Google drops cash into Lending Club for minority interest

Google drops cash into Lending Club for minority interest
Google has dropped a significant investment into loan-pairing company Lending Club, the companies announced today.
Lending Club announced today that Google has invested in its operation to take a minority stake in the company. Lending Club didn't say exactly how much Google invested, but did say that it was part of a $125 million round of financing. Google and another investor, Foundation Capital, acquired shares from existing investors.
Since its founding in 2007, Lending Club has been growing significantly. The company facilitates loan transactions between those who need cash and those who are willing to dole it out. Lending … Read more

Nokia to invest in array camera start-up Pelican Imaging

Nokia to invest in array camera start-up Pelican Imaging
Nokia's VC arm, Nokia Growth Partners, is set to invest in an imaging start-up.
According to Bloomberg, Nokia Growth Partners plans to put funds into array camera company Pelican Imaging. Based in Mountain View, Calif., Pelican Imaging created its first array camera for smartphones in 2011. Rather than using a single lens, array cameras are made up of a series of lenses and build up a picture from the images taken by each. As well as being thinner than a traditional smartphone camera, arrays open up the possibility of post-capture focusing -- similar to what Lytro does with traditional … Read more
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Shouldn't Apple just call it a day and admit defeat?

Let's stipulate from the outset that Apple is not going to suffer any damage after losing big to the government in the e-book price-fixing case. Yes, a few codgers may decide on principle not to buy iPads as a personal statement of protest, but those are the same cranks who picket at the slightest smell of bacon from a bacon restaurant. But just because Apple may get off without paying a steep price in the public's eyes, the evidence submitted at trial paints a picture of a scheming company clearly on the wrong side of the law. The court has not yet scheduled a hearing to address proposed remedies.
The decision handed down Wednesday by Federal Judge Denise L. Cote found Apple guilty of orchestrating a conspiracy to cut out e-book competition and raise prices. (Here's a link to the full text of Cote's decision if you want to read along. It's worth spending the time.) Her reading of the evidence showed Apple demanding, as a precondition of its entry into the market, that it would not have to compete with Amazon on price.
"Thus, from the consumer's perspective -- a not unimportant perspective in the field of antitrust -- the arrival of the iBookstore brought less price competition and higher prices," Cote wrote.
Apple, which said it plans to file an appeal, did not budge from its repeated assertions of innocence since the Justice Department filed a lawsuit last spring over e-book pricing.
"Apple did not conspire to fix e-book pricing and we will continue to fight against these false accusations," said Apple spokesman Tom Neumayr. "When we introduced the iBookstore in 2010, we gave customers more choice, injecting much needed innovation and competition into the market, breaking Amazon's monopolistic grip on the publishing industry. We've done nothing wrong and we will appeal the judge's decision."
Good luck with that. Given the detail Cote produced chronicling how Apple colluded with five big publishers on e-book pricing, even Clarence Darrow would be at a disadvantage getting this verdict overturned. The publishers, who examined the same evidence, settled with the government before the case went to trial. Not Apple, which maintained all along that it was just trying to do the right thing by customers.
If this case does wind up getting reheard, Apple will make that same pitch. But any appeals court still will have to accept the facts submitted into evidence. And they paint an unflattering picture. According to Cote:
Some consumers had to pay more for e-books; others bought a cheaper e-book rather than the one they preferred to purchase; and it can be assumed that still others deferred a purchase altogether rather than pay the higher price. Now that the [publishers] were in control of pricing, they were also less willing to authorize retailers to give consumers the benefit of promotions.
Also, consider how e-book prices rose after the opening of the iBookstore. Apple tried to argue that prices actually dropped over the following couple of years. That argument failed to persuade. Again, from Cote's decision:
Apple's experts did not present any analysis that attempted to control for the many changes that the e-book market was experiencing during these early years of its growth, including the phenomenon of disintermediation and the extent to which other publishers decided to remain on the wholesale model. The analysis presented by the Plaintiffs' experts as well as common sense lead invariably to a finding that the actions taken by Apple and the Publisher Defendants led to an increase in the price of e-books.
Steve Jobs wasn't around to defend himself but the document trail he left behind helped clinch Apple's guilt in Cote's eyes. She noted that Jobs told News Corp.'s James Murdoch that he understood the publishers' concerns that "Amazon's $9.99 price for new releases is eroding the value perception of their products . . . and they do not want this practice to continue," and that Apple was thus "willing to try at the [$12.99 and $14.99] prices we've proposed." That was yet another sign of Apple's determination to collude with the publishers as they schemed on how to jack up e-book prices, according to Cote.
Jobs's purchase of an e-book for $14.99 at the Launch, and his explanation to a reporter that day that Amazon's $9.99 price for the same book would be irrelevant because soon all prices will "be the same" is further evidence that Apple understood and intended that Amazon's ability to set retail prices would soon be eliminated.
Also, Jobs subsequently told biographer Walter Isaacson how the publishers "went to Amazon and said, 'You're going to sign an agency contract or we're not going to give you the books.'" Jobs was referring to Macmillan CEO John Sargent's trip to Seattle to deliver "an ultimatum to Amazon," she wrote.
In the end, Apple's lawyers couldn't talk away the statements by its former leader. Today's storyline points to Apple as the ringleader, both facilitating and encouraging what was a collective and illegal restraint of trade. Hardly the sort of description that we've come to associate with Silicon Valley's most iconic company.
 

Member Comments

Belinus
They should just call it a day but their hubris won't let them.

Amazon hit the sweet spot with $9.99 for eBooks. While that is more expensive than the now $7.99 mass-cut paperbacks (and I'm old enough to remember when they were $4.99), people agreed to pay it because unlike those mass-cuts you could read it infinitely (technology & digital restriction management management issues aside). I have paperbacks I have purchased at least 3-4 times over because they have worn out. Once I buy an eBook I can read it over and over and over without damaging it over time.

Additionally, the overhead for eBooks becomes non-existent over time with sales as you only have to create one it's done so over time  the overhead per unit goes down and eventually becomes infinitesimal compared to the profit. An eBook would probably take no more than 5 hours to lay out (even less if you have standard templates in InDesign or similar and know how to use style loops). So even at like $125/hr it is a static $600 overhead on a book versus infinite profit as there are no print runs that need to be done, no shipping to a distribution center, etc. So if the publisher makes takes in $15/book after 40 copies are sold they've broken even. Sell 1,000 and they just took in $14,400 with an overhead of less than $1/book.

Third, the Agency Model hurts authors as they went from a cut of the full wholesale price (which we now know was MORE than the $9.99 price) and instead gave them a percentage of 70% of the sale price. Say a book wholesaled at $15 and they got 33%. They would get $5 in royalties. If that book sold for $15 under the Agency model, they would get only $3.50 because the returns to the publisher would only take in $10.50 after the store cut.
superdeadfish
@Belinus 
Except that your concept of overhead doesn't take into account things like editing, design, art and just assumes that the sole costs of the book are footed by the author. Publishers have always historically spent a large amount simple making a book publishable and marketable, so it's well within reason to expect them to attempt to recoup costs. Yeah, an ebook cuts out the printing and shipping costs. It doesn't circumvent editors, artists, designers, or any of the other things that publishers provide, which tend to eat up just as much (if not more for some cases) then the shipping and printing by the end of things.
Secondly, you're making the assumption that the 9.99 ebook price is competing against mass markets (which are actually about 9.99, not 7.99), which is incorrect. The 9.99 ebook price is competing against hardcover and trade paperback prices (about $26 and $15 respectively), and the initial runs there are generally where the publishers try to make enough money both to support their overhead as well as build new talent. By the time the title is in the publisher's backlist or mass market format (generally a year or more from the initial publication) the initial spike for ebooks has long since passed.
Basically, your idea about costs only works in the case of a wholely self-published ubermensch that has no need for editing, beta writers, art costs, and can do all of their own layout and design work without looking like a high schooler's powerpoint presentation.
DHeadOH
No they should fight it all the way to the bitter end, with all the appeals they can muster. There is nothing wrong with the agency model and having it blocked in anyway is really the Justice Department conspiring with Amazon to eliminate a perfectly legal business practice from being used that really only helps Amazon.
First off no company in the history of business ever has signed a deal with another company for any product without actually talking to them. The graph showing they called back and forth is about the dumbest piece of evidence ever presented as "proof" of doing something wrong. I can guarantee that Amazon never made a single deal without talking to the other party at least once if not many times before an agreement was reached either. Hell you just have to look at the months and months of negotiations that Google, Apple, Netflix and Amazon go through with media companies for movie and TV deals.  
Secondly why it is wrong for the publishers and authors of books to have the same kind of store as music and apps are enjoying where they get to set their own prices on items they place up for sale? Anyone should be able to open such a store at any time for any product even if it means higher prices in some cases. It is not the public's "right" to have continuously falling prices. Saying that you can't have the price go up on something without crying foul is just plain stupid.
Third and most importantly is the fact that purchasers of books are paying for the creative process, the work of literary art, the imagination of the author and so forth just as a person buying a painting by a known artist, or a sculpture, or a movie etc. In no other category but e-books do people say that the work of art is worth no more that the cost of distributing the item. Which by the way is not free or even close to free as so many people falsely claim. There is no great reduction in price from Amazon for digital films, TV seasons and so on, so why are e-books treated differently? The publishers are giving you a value added benefit of your choice of delivery mechanisms. The digital method does not need to be a fraction of the cost of all the other methods. That is ludicrous.