Archive for the ‘Technology’ Category

Aug

11

 

What Happens in Vegas Doesn’t Necessarily Stay in Vegas

Posted By Faysal Sohail

What happened in Las Vegas in late July does not appear to be staying in Las Vegas. 

Sohail Ahmad, senior wireless security researcher at CMEA portfolio company AirTight Networks , recently discovered a large black hole in wireless security protocol that makes any wireless network susceptible to hacking.  Ahmad demonstrated this vulnerability at Black Hat Arsenal  and DEF CON 18  in late July.  

The vulnerability has been dubbed “Hole196” and is named for the page of the IEEE 802.11 Standard (Revision, 2007) where Ahmad found the original reference.   Hole196 involves a man-in-the-middle style attack, whereby a hacker inserts himself between a WiFi user and the network to capture all traffic to and from the user in order to compromise private data.  After reading a six word sentence on page 196 of the 1200-plus page of the industry’s wireless security protocol specifications, Ahmad realized the common group key used in wireless networks was not immune to spoofing.  He was able to send a broadcast packet using the group key over the air to all the wireless devices in his vicinity and redirect their traffic through his own computer.  Because the network is being used against itself, there is little detectable evidence.  And because the other WiFi client devices (laptops, POS systems, VOIP phones, etc.) assume the hacker’s computer is now the network gateway, the devices redirect all of their secure traffic to that computer and the network access points re-encrypt the traffic with the hacker’s own private key allowing the hacker to read the once private data without cracking the encryption. (more…)

Jul

21

 

Introducing…Mint

Posted By Faysal Sohail

Coming soon to a television station near you, the Mint Automatic Floor Cleaner.  It is an exciting time at CMEA portfolio company Evolution Robotics as they have recently launched the first Mint commercials in the Bakersfield and Oakland television markets.  But maybe you’ve already seen the Mint on The Martha Stewart Show or The Rachael Ray Show or in SkyMall.  Mint is designed to clean hard surfaces and uses the advanced NorthStar Navigation system to map floors so it doesn’t miss any spots and knows where it’s been.  It works with popular cleaning cloths such as Swiffer and Pledge. 

Did I mention that the Mint just won the International Design Excellence Award or the Popular Mechanics’ Editor’s Choice Award at CES 2010?  I know it’s just July, but the holidays will be here before we know it.  Click here to reserve your Mint.

Jul

21

 

Blekko IPO, Day 1

Posted By Saad Khan

For many months now dozens of people have asked me about what’s cooking at Blekko. And for many months all I’ve been able to say is “Blekko is a big, bold, bet in search. It’s in stealth. Stay tuned.”

Well,  today I can finally give them an answer.

And here it is, in video form (thanks Mike Arrington):
Here’s what Blekko’s founders Rich Skrenta and Mike Markson had to say about it:

You can also see what Rich and Mike had to say about Blekko on their respective blogs, here and here.

Finally, here is the original TechCrunch post on Blekko (I’ve included snippets and screenshots below):

“What Makes Blekko Different?

Blekko is a full web search engine, with regular crawls of billions of web pages. But they know that they can’t beat Google at size of index, relevancy and speed right out of the gate. So they’re differentiating themselves in  another way – by giving users tools to do new types of searches that they can’t do elsewhere. And by providing an unprecedented level of access to the algorithms and data that Blekko uses to determine relevancy.

That doesn’t mean Blekko’s relevancy isn’t great. The company says they’re on par with Google and Bing for most queries. But the differentiating feature are the query refinement tools they call Slashtags. These tools, like /news or /date or /amazon or /blogs, or any combination, make it very simple to quickly filter results to what you are looking for.

Users can create their own slashtags based on a group of URLs. I’ve created one that lists all TechCrunch sites to do easy site search. Others have created slashtags for conservative or liberal blogs, top tech sites, etc. If they make those slashtags public, others can use them, too.

The company also lets users search via a variety of APIs. Add /amazon to search on Amazon. Or /twitter to search via the Twitter API. Or just type /whatever.com to search just that domain.”

(more…)

Jun

02

 

Calling AT&T — WAKE UP!

Posted By Jim Hornthal

AT&T’s announcement today that they are eliminating unlimited data plans for future iPhone and iPad customers is like a re-run of a bad movie.  Remember AOL’s original pricing model?  $19.95 per month PLUS $2.95 per hour? That’s when AOL thought of themselves as a utility, where connect time was an overhead cost to control.

The online renaissance began when AOL looked at connect time as consumer engagement, an asset that could be expanded, enhanced and exploited by monetizing the underlying media value this connectivity created.  When AOL changed their pricing plan to $29.95 for “all you can eat”, the floodgates literally opened.

Sure, AOL had capacity issues in the early days, but that shift in strategy and pricing marked the beginning of broad consumption of data, and all the good that goes with it.  AT&T needs to rethink alternative business models, and craft a way that they can share in the connectivity that their network provides, and continue to promote “good behavior” — always on, always connected … the “ever-net”.

This shift in pricing threatens to kill the goose that lays the golden eggs just as things are getting interesting.  All because someone wants to eat a fried goose?  Get it right folks, and the market will expand.  Get it wrong, and someone else will get it right instead of you!

Apr

20

 

Why Entrepreneurs Don’t Need VCs

Posted By Saad Khan

I wrote a guest post for Forbes last week called Why Entrepreneurs Don’t Need VCs. In it I talk a little about how the economics of launching an internet business today has the potential to make venture capital irrelevant for internet entrepreneurs, unless we fundamentally rethink our role in the venture industry. I also outline some thoughts on how our roles need to evolve to stay pertinent.

The bottom line is entrepreneurs have a lot more options today on how they choose to build their business than ever before. Would love to hear your thoughts on how you think these dynamics will play out for entrepreneurs and investors alike, and welcome any experiences that you’re willing to share about your choices with regards to taking on (or ignoring) institutional capital.

Apr

02

 

Confession from a (former) iPad Skeptic

Posted By Sumeet Jain

Sumeet Jain

When the iPad was announced back in January, I admit to being a bit skeptical.  Much had been written about its lack of features – no camera, no GPS, no Flash support, no USB.  Notable critics included Henry Blodget, who called it a “yawn.”

The “Doritos tablet” video was both incredibly funny and also a poignant satire of the iPad as just a big iPhone.  It wasn’t the lack of features that I wasn’t sure about; it was that I wasn’t sure how it would fit in my life.  It won’t replace my phone or my laptop… do I want a third device?

nibbling on a Blackberry

Then, overnight, my 15-month-old daughter convinced me that the iPad will be game changing.  My wife, an iPhone user, and I, a Blackberry user, both have games and educational apps on our devices to keep her entertained when we’re in the car or have exhausted all other toy options.  She liked the applications and the devices equally until about a month ago.  That’s when she started touching on the screen of my Blackberry and expected things to happen and expected to be able to manipulate things on the screen like she does on the iPhone.  She now has no interest in the Blackberry and will only use the iPhone… my Blackberry has been relegated to a teething toy.

(more…)

Mar

03

 

Weak Signals

Posted By CMEA Capital

Saad Khan

At the World Economic Forum this past January, there was a two-hour session of the program devoted to the topic of “Weak Signals.”  This didn’t turn out to be a warning about bad communications infrastructure (as the crackberry addict in me feared), but instead addressed the concept of:

incipient and invisible changes of activity in a given area that are bound to have broader consequences in years to come.

In other words, a weak signal is something that is beginning to happen and could lead to a larger trend. The session explored weak signals across economics, science, and society; from the potential effects of restrictive immigration policy on America’s status as a research powerhouse, to the implications of global connectedness enabled by new communications infrastructure. The purpose of the program was to amplify the weak signals around the group, and by doing so to identify future opportunities while also recognizing possible pitfalls.

As someone who has the privilege of regularly interacting with many of the entrepreneurs, technologists, and designers creating the future, it got me thinking about activity and changes happening now that may point to interesting trends to watch in the months and years to come. Some of these may be things that we witness everyday but deserve more reflection; others may be relatively new additions to our lexicon.

I thought I’d start the conversation and introduce seven of the “weak signals” that have my antennae at attention. I’ll be expanding on them in future posts.

 

1. Free at last … Entrepreneurs are free at last

Much has been written about the “lean startup” and the ability of companies that leverage Internet technologies to be highly capital efficient. Fundamental enablers of this phenomenon include open source infrastructure, cloud resources, global talent, and new platforms that are available for viral growth and distribution. Extrapolating current trends, it’s clear that launching a software product will eventually approach “free”. What are the economics of this freedom and its implications for the venture capital industry?

(more…)