THE KONSORTIUM

Move Radio - DJ Powered Mobile Music Network

I am part of an exciting new mobile company call Move Radio and I want all of you to tell a friend, DJ or Indie Artist!

Move Radio is a new mobile music network powered by DJs from around the world. Local DJs will have the power to host their own channel .. Radio. In addition to local DJs, Move Radio will feature celebrity DJs from the world of Hip-Hop, Dance, House, Reggaeton and more. The network will be FREE to anybody with a a cell phone or WIFI enabled portable music player. Move Radio is due to launch in early 2008, so be sure to join us as founding member now. For more info check us out at www.move-radio.com. If you are a DJ and want to host your own channel, sign up at www.move-radio.com or email us at djmix@move-radio.com.

Want to Lunch with Warren Buffett?

Every year, Warren Buffett offers up the opportunity to have lunch with him in an auction that benefits the Glide Foundation. The tradition of auctioning a lunch began in 2004, when Buffett first became involved with the San Francisco nonprofit, which offers programs to help the poor, hungry and homeless. In early years, lunches often sold for $25-30,000, but when they switched the auctions onto eBay in 2003, making them much more visible, the numbers shot up dramatically. Last year's lunch with Warren sold for $351,100.

The auction will begin on June 22 and the starting price is $25,000.

Angel Investor Tips

from Venture View

Here are some tips from our first Angel Investor book – “How To Raise Your First Million Dollars” -

- Know Your Business: “Have a very realistic understanding of why your business is going to make money.” Chris Saxman, New York Angels

- Find a Champion: “It’s really important they hook up with somebody who talks the talk… a champion or sponsor can help them, guide them through the next steps.” Randy Williams, Keiretsu Forum (Private Investor Network)

- Know your Investor: “Don’t go blindly looking for capital and taking the first dollar that seems interesting... Look at what they’ve invested in, in the past, and look at where those companies are today.” Rusty Griffith, Maryland Angels Council

- Focus on the Investor: “Spend as much time discussing why it’s a good investment as you do explaining why it’s a good product.” Neil McLean, Columbia Angel Partners


* If you are interested in learning more about Angel Investors and “How To Raise Your First Million Dollars” please review:

FundingPost.com

How much would you pay for this URL?

Back in 1999, when the rights to business.com sold for the princely sum of $8 million, savvy observers knew the Internet bubble was ready to burst. Six years later, things are getting frenzied again, as witnessed by soaring stock prices for Web companies and the spate of recent acquisitions. So what kind of prices are URLs fetching these days? Here are the top transactions so far this year:

1. Website.com, $750,000

2. Property.com, $750,000

3. Local.com, $700,000

4. VIP.com, $600,000

5. Chat.de, $470,000 (above)

6. WhatIsMyIP.com, $386,100

7. ShoppingCart.com, $285,000

8. Uruguay.com, $175,000

9. King.com, $155,000

10. Porker.com, $155,000

Source: DNJournal.com

Venture Capital: Private Equity Fundraising Activity Surpassed 2004

...In just the first three quarters of 2005.

The private equity fundraising climate remained robust in the third quarter of 2005, with 45 venture funds raising $5.4 billion and 45 buyout and mezzanine funds fetching $16.8billion, according to Thomson Venture Economics and the National Venture Capital Association (NVCA). While the quarterly totals represented a fall off in activity from a strong second quarter, the average venture fund size continued to remain strong at $119million. After three quarters this year, both venture and buyout fundraising levels have already surpassed 2004 totals.

"It will be a solid year for private equity fundraising as demand for this asset class continues to be extremely strong," said Mark Heesen, president of the NVCA. "We continue to see discipline on the venture side, with firms keeping close to their original targets despite ample opportunities to raise much more. We could have easily seen a $50–75billion in fundraising year, had the venture industry not exercised this prudence and accepted more money than could be invested successfully. The dollars that are being turned away from venture are likely being channeled into buyout funds and hedge funds, helping to drive the surge of capital into those asset classes as well."

Venture funds in the third quarter collectively raised 16.9% less than those in the second quarter, when 53 funds took in $6.5billion in commitments. However, when compared to the third quarter of 2004, this quarter posted an 11.6% increase. Buyout fundraising followed the same pattern with a 28.5% decrease in activity from the $23.4billion raised in Q2 2005. Yet again, the quarter's figures represent a 23.5% increase over the third quarter of 2004. (continue)

Companies to Watch: Waat Media

Waat Media

TV on mobile phones! These guys are all over Europe, and gaining traction in the USA and Asia, big time, as the mobile publisher of late night entertainment content - yeah baby! Ah, the promise of the mobile phone as the everything-platform. Unfortunately, I was trying to find more chairs for the people sitting on the floor during Ian Aaron's presentation (he is former President of TV Guide - remember those?). They are PLAYGIRL's mobile partner, so I'm sure they are doing great! Check out the buzz in the blogosphere.

http://www.waatmedia.com/

Business: Jay-Z Now In The Cosmetic Business & Soccer?

by Carl Chery

Jay-Z and a host of other celebrity investors recently celebrated the launch of cosmetic/beauty line Carol's Daughter's flagship store, while the god emcee is considering buying a large stake in the London Arsenal soccer team.

Hov was joined by four of the boutique's main investors, actress Jada Pinkett Smith, music executives Steve Stoute and Tommy Mottola, singer Thalia and founder Lisa Price recently for the grand opening of the flagship Carol's Daughter store in Harlem. Earlier this summer, President Carter teamed up with the aforementioned investors in addition to Will Smith and Interscope chairman Jimmy Iovine to gather $10 million to fund Carol's Daughter Cosmetics.

Beyonce, Def Jam executive Tracey Waples, Essence Magazine's Mikki Taylor and others stopped by to help celebrate the grand opening. The launch took place Thursday (October 6) and the store opened for business on Saturday (October 8).

In related news, Hov is looking to invest in the London soccer team, Arsenal. According to The Sunday Mirror, Jay-Z has been negotiating with the team's heads about purchasing a big stake in the football squad, also known as the Gunners. Word is Hov first tried to talk with the owner of the Chelsea football club, the defending champions, but was rejected. The Sunday Mirror says Hov then turned to the Arsenal because he feels its star, Thierry Henry, is "cool."

SOHH.com sources close to the deal say the negotiations are almost final and the deal is "practically done."

ON THE WEB: Angels Fund More Deals in ‘05

Earliest of early-stage investors increasingly fund startups while VCs look toward later-stage deals.

Angel investors are funding more early-stage startups this year than at any point since the Internet boom, a sign this informal breed of venture capitalists may be stepping in to fill a role traditionally played by venture capital firms. Innovators who meet with angels are twice as likely to get funding this year than two years ago, a study shows. In 2005, angel investors backed 21.8 percent of the companies they investigated, up from 10.3 percent in 2003, according to a study by the Center for Venture Research. This is the highest rate of funding per investigation since 2000, when 23.3 percent of companies that sat down in front of angel investors got money.

Find out more in today’s story.

Best Practices for Building a Board

October 11, 2005 | Lightspeed Venture Partners, Menlo Park, CA | 6:30PM - 8:30PM
STRATEGY SERIES | Best Practices for Building a Board

For new entrepreneurs and seasoned start-up executives alike, creating an effective board of directors can be a make-or-break situation only mastered with experience. Every CEO should know the basic principles of building a board that will help grow his or her company. Many CEOs lose out on the opportunity to leverage their boards' collective experience while navigating the challenges of building the company. At this Strategy Series event, experienced entrepreneurs and professionals will talk about the right way to build, manage, and leverage a board.
* Who should be on your board – required vs. recruited members? How many people with what expertise?
* How often should you communicate with your board, what should you tell them, and how should you manage the relationships in between board meetings?
* What do boards expect from the management team? * What should you expect from your board?
* How should you deal with disputes among board members, other investors, and with your management team – and keep your job?

Moderator: Carl Showalter, General Partner, Lightspeed Venture Partners

Experts:
Mark Albert, Partner, Perkins Coie
Dan Carr, CEO, Level 5 Networks
Tom Meyer, CEO, ScaleMP

LOCATION:
Lightspeed Venture Partners, 2200 Sand Hill Road, Menlo Park, CA

Companies to Watch: IGE

IGE

They are all over MMOG - massively multiplayer online games - with their ecommerce platform for vitural asset exchanges and content netowrk for online game users. The market is HUGE, and they are owning this space hands down with by providing more $$$ for all the major, most popular MMOGs. Brilliant business model and platform.

http://www.ige.com/