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Live from Apple’s 2010 WWDC Keynote

It’s time. After months of whispers, leaks, lost prototypes, and police raids, it all leads up to this: Steve Jobs’ keynote at WWDC 2010.

Will the prototype fourth-generation iPhone we’ve seen so much of be the real deal? Do Steve and co. have any tricks up their sleeves to satisfy their ever more rabid fan base? Follow along as we liveblog every minute of the action from the Moscone Center in San Francisco, CA.

The keynote begins at 10 A.M Pacific (thats 12 P.M Central/1 P.M Eastern). Bookmark this page, and set your alarms — and be sure to tune in early! We’ll have some pre-show coverage, video footage, and pictures beginning at around 9 A.M.


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Is “Remarkable Indonesia” the New “Incredible India” for Investors?

I’ve written several posts about the innovation, entrepreneurship and promising Web audience I’ve found over several weeks of reporting in Indonesia. As such, friends in the venture capital business are peppering my inbox asking round-about-questions that all go back to the same central query: Should we be investing in Indonesia?

The seatback pocket on my flight from Jakarta to Surabaya seemed to think so. A pamphlet blared “INVEST IN REMARKABLE INDONESIA,” and included some testimonials from companies like Coca-Cola and Unilever, and some charts showing Indonesia’s economic stability. This was the second time I’d heard the words “Remarkable Indonesia” in as many days. Dino Patti Djalal, the spokesperson for Indonesia’s President Susilo Bambang Yudhoyono and soon to be Ambassador to the US said they’d trademarked it as the country’s new marketing tagline. It called to mind the “Incredible India” push of a few years ago which even included purchasing ads during the Oscars.

Compared to “Incredible India,” “Remarkable Indonesia” seems to express muted praise for the country—especially considering the infrastructure in Jakarta was far better than the infrastructure I found in most major Indian cities, the food cooked with some 30,000 locally grown spices was amazing, the cultural heritage and diversity was just as rich, and Bali has some of the most beautiful beaches anywhere in the world. Only remarkable?

The biggest reason for Valley-types to think about investing in Remarkable Indonesia wasn’t in that pamphlet. It’s the fact that for all the promise and nascent bubbling growth in technology and mobile, almost no one is there. Indonesia has 240 million people and a Web audience around 30 million to 40 million people, not including the surging mobile Web. It’s curious how little venture capital is going after that, given that in the first quarter nearly $1 billion in US startup funding flowed to India, China and Israel, with each country reporting surges in capital from between 20% to more than 100% over the last year.

This post is one that many people in South Africa, India and China have begged me not to write, because they are having a field day expanding mobile and Web services in Indonesia. In this age of global venture capital and emerging markets hype, how many markets this big is the US mostly ignoring? In this age of globalization and outsourcing, how many markets this big have so few multinational jobs driving up employment and developer costs?

But all of this opportunity doesn’t necessarily mean Indonesia is a market where US venture capitalists can do well. Recently Indonesian tech blogger Rama Mamuaya was cold-called by a Valley venture firm and asked if he had a million dollars to invest in one Indonesian Web startup, which one he should pick. He thought about it and answered: None. It’s not because they aren’t promising, but because the costs of building a company are still so low in Indonesia—as opposed to markets like China and India where a flood of multinational jobs have pushed up salaries and rents—that any company would have a hard time putting that much money to good use.

There are concerns about politics, stability, the banking system and, of course, how to get liquidity as there are with most emerging markets. There’s especially a visceral fear in Indonesia—a country that was brought to its knees by the late 1990s Asian financial crisis, and one that most Americans know very little about. These are not waters to be navigated from thousands of miles away.

I think what Indonesia could use is something in between the current state of no high-growth capital and the money that goes to countries like India and China: A Y-Combinator-style incubator that could help Indonesian entrepreneurs make sense of the pitfalls of modern startup life, including things like recruiting and managing talent, how to deal with Silicon Valley giants, how to make money online and when and when not to raise outside funding. The funding amounts and exits would be small, but a Yossi-Vardi-style angel could clean up where many classic VCs might crush startups under the weight of millions. Someone to coax these entrepreneurs as they develop organically, but not bind them to a Western-way of building companies. Someone local–or at least transplanted fully– who understands when all those Valley rules need to be modified or broken.

In the Valley, the ecosystem for starting companies grew organically over several decades, a luxury that China and India didn’t have. Those countries have entrepreneurs, they have tons of venture capital and big market opportunities—but when they got flooded with American cash in the last decade, the ecosystem’s natural development accelerated, and the step of developing local angels and mentors was largely skipped. That’s the single biggest complaint I hear from entrepreneurs in these countries. Indonesia has a rare opportunity to develop a huge startup ecosystem in the right order.

The question is who will fill this void, because someone will. Will it be an American who moves and becomes embedded in the market? Or will it be a branch of a firm that’s sprung up in recent years in China or India, places that understand emerging market economics and risk better than we do? It’s not going to be easy, but Indonesia is too big and too untapped—too “remarkable”–to stay undiscovered forever.


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Attack Of The Tweets: MTV’s Movie Awards Twitter Visualization Graph

I was hit with a reminder this Sunday morning that I am indeed no longer a 15-year-old teenager. But if you are a Bieber-Swift-Pattinson-Stewart-OMGVampires-loving tween/teen, then boy does MTV have a Twitter visualization map for you. In honor of this evening’s MTV Movie Awards, the digital team at MTV have rolled out a highly interactive (almost too interactive) Twitter live-graph that will tell you via text and dynamic visuals what are the top trending topics/people related to the Awards show, how many tweets per minute each topic is averaging, and the content of those tweets. Sound overwhelming? It is, but it’s also pretty engaging— even if you’re an over-the-hill teen.

This is how it works. Once you open the site, there is an opaque overlay with simple instructions: the visual graph contains pictures of the most popular topics/people that moment (calculated in 60 second increments), as a topic becomes more popular the image will grow, with the most popular topic holding court in the center of the graph, if you click on an image you can access all the related tweets. Not surprisingly, when I logged on this morning, it looked like a partial promo for the Twilight series, with Robert Pattinson and Kristen Stewart’s enlarged faces eerily presiding over the frenetic scene. The visual graph is constantly moving because each image is comprised of shifting squares (that move according to popularity of the topic). There are also two other notable features: a timeline on the bottom and a “stripped” screen that will show you the top twelve topics in pseudo-bar-graph form (as users tweet, their name zooms across the screen). Once again, it’s a study in visual overload— but probably perfectly appropriate when you consider the chaos that is Twitter and MTV’s target demographic.

This is not the first time MTV has experimented with a Twitter visualization graph. MTV launched version 1.0 last September for the 2009 Video Music Awards. The main difference in this new version is that users can now connect with their Twitter account on the platform and submit tweets directly. Far from an experimental side project, the company plans on using the graph format for all of its award shows moving forward. Kurk Patat, an MTV spokesman, says it’s all about creating the most interactive forum for live discussion. “The conversation is already taking place,” Patat says. “We want to be where that conversation is taking place.


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Hands-on With the Ulysse Nardin Chairman Android Phone

How much would you pay for an Android phone? $99? $199? Maybe $299 with contract?

How about $50,000. As you recall, the Ulysse Nardin Chairman is a freaking $50,000 phone. It’s only in beta right now, but it will run Android 2.1 and come in multiple styles including a model covered with diamonds. The box, as you’ll see in the video, is nutso too. It’s basically a dock with speakers and a USB port.

The phone is made for the ultrarich. As the charming young lady who showed it to us explained, it’s for folks who can’t bring their Ferraris into the club and need something equally ostentatious.


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Join The Cult! Facebook Hoodie With Mysterious Insignia Found On eBay

Earlier this week during an interview at the D8 conference, Facebook CEO Mark Zuckerberg did the unthinkable: after finding the hotseat a little too toasty for his liking, he took off his hoodie.  Interviewer Kara Swisher quickly discovered that the hoodie had a mysterious badge stitched on the inside and joked that Zuckerberg was in a cult. And then the Internet went sort of nuts.

Tweets abound about Facebook’s Illuminati-like status. The folks at SFWeekly managed to recreate the diagram and did a thorough analysis on what it might mean. The Next Web thought it was creepy. And back at Facebook HQ, three goats were sacrificed in an attempt to ward off yet another wave of bad press.

Now, one Facebook employee has apparently tired of leading a life shrouded in secrecy — they’ve put their hoodie up for sale on eBay.  It’s described as “the exact same” as the one Mark Zuckerberg wore to the conference. And while it’s unclear whether the hoodie alone is enough to gain official entrance into Facebook’s cult (you may have to go through an interview or two), it’s probably enough to blend in at the weekly midnight bonfires.

Don’t be surprised if other enterprising cult members decide to sell off their hoodies in the near future to capitalize on the public’s increased awareness. Oh, and 15% of the proceeds of this sale are apparently being donated to the EFF.

Here’s the description:

This is a limited edition, employee only, Facebook hoodie. The same exact one worn by Mark Zuckerberg at the D8 Conference.

Size: XL

Buyer pays shipping. Will ship within 24 hours of winning the auction.

Ships from San Francisco, CA. No pick-ups/drop-offs.

Information provided by CrunchBase


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