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Netscape cofounder fails at real estate [Bad Ideas]
December 26th, 2007 at 4:37 pmSource:Valleywag
With airlines preparing to unleash Internet access upon the skies, we’re entering what Web evangelist Vint Cerf calls “a ticklish area.” Confined airplane cabins has generated concern that flights are going to transform into nonstop phone discussions of the latest online porn releases — so much so that airlines are considering employing content filters and banning VOIP calls.
Right. As if frequent fliers don’t already view air travel as a fantastic voyage into hell. There are screaming toddlers, 8-year-olds kicking your seat, and that damn guy who won’t share the armrest. Phone calls might actually help muffle the din. No, any real road warrior’s concern will be the new scramble for scarce power outlets. Using Wi-Fi nonstop will drain a laptop battery faster than just watching a porn video you downloaded before takeoff.
Source:Valleywag
Jim Clark is finding real estate a tougher game than the new new things he started at Silicon Graphics, Netscape and Healtheon. The New York Times reports that five years into a Miami real estate venture, Clark and partner Tom Jermoluk might not be able to repay a $110 million construction loan.
The pair also face a potential lawsuit from residents upset at never getting the spa, restaurant and lounge Clark and Jermoluk promised for the building. “When we closed on the unit and walked through the lobby, we were like ‘O.K., this looks kind of bland,’” one resident told the Times. “There’s nothing for me to do but try and sell it.” The buyer might have tried checking out the pair’s full business records — something even the Times didn’t bother to do. While he made a mint with Netscape, Clark’s Healtheon struggled before merging with rival WebMD. SGI is on life support, a shadow of its former self. And Jermoluk is best known among Valley insiders for steering Excite@Home towards bankruptcy amid persistent rumors of a nose-candy problem.
