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October 10th, 2008 at 11:31 am

Photobucket has announced some new features for their online photo sharing service including the ability to add themes to albums and better album management tools.

You can now select themes from a large library of selections in categories like Sports, Nature, Holidays, and more. If you can’t find a theme that you like or just want a unique one, you can create your own customized theme. Just select an existing one and make it your own. The themes can be applied to your photo or video collections.

Photobucket has also improved photo album management with new tools. For example, you can organize your photos and videos with a drag and drop feature, and add titles, descriptions and tags to any item in bulk, which will save a great deal of time. You can also now sort the order of media in albums any way you want, and the search feature has been improved, allowing you to search albums based on title, descriptions and tag content.

These new features allow Photobucket users to express themselves in a more visual way. Being able to add customizable themes to albums and the enhanced album management features raise the game for the service. While these aren’t groundbreaking additions, they do improve the online experience and provide more fun for users.

Source:Mashable!

A startup, by (loose) definition, is a young company heading into uncharted territory. And, by that very definition, it needs funds to operate; these usually come in the form of investments from venture capital companies or angel investors willing to accept significantly higher risk for their investments, which occasionally yields higher rewards.

As you can all see by looking at the headlines of finance sites and stock market charts, the definition of “risk” has changed significantly.

Web startups, which comprise a great portion of what we cover here at Mashable, won’t go far without venture capital. Unfortunately, there has been quite a boom lately when it comes to Web startups, so the usual definition of startup has widened; sometimes, a team of one or two with a good idea and a proof of concept is now considered a startup, and expects - at the very least - money to rent an office, buy servers, hire secretaries, marketing people, finance people, more developers. Business plans, something no sound company ever wants to be without, are often loosely defined, and depend on a lot of factors which may or may not go as planned.

Unfortunately, it’s time to go back to the old drawing board for many. I can’t tell anyone how to run their business. But a company that makes no money, in a time of financial turmoil and crisis, is not a business. Therefore, one or three guys with a good idea and a proof of concept should not assume they’re running a business just yet, because a) they might not ever get funds for it and b) even if they do, they might burn through the cash very fast and never get a second chance.

You’ve got a great idea for a Web product or a service? Fantastic. It’s a project. By all means, develop it, work on it, find other talented people that are willing to work on it and if you can afford them, hire some. With time, your project might start earning money and your small team will start feeling too small for it. Wait some more. Maybe you’ll get offers and be very sure that it’ll keep earning more and more money and on the other hand your small team will really become overwhelmed.

Then it’s time to start a business.

Do it too soon, and you might find yourself in an empty office with bills to pay, no cash and a bunch of angry emails from employees to answer. Am I overly pessimistic? Maybe. You go check out that Dow Jones chart and be an optimist, I won’t.