Hack Miramar: Your suburb needs you

Ian Apperley wants geeks living in Wellington’s Eastern Suburbs to work on problems like traffic, consultation and free internet access at Hack Miramar.

It’s a smart suburb project, which Apperley says is a mini version of a smart city. He says:

The weekend doesn’t have to be exclusive to technology ideas, for example, teams could focus on urban design issues, but the overall emphasis is on the use of technology such as sensors and cloud to create solutions to issues around the theme of  movement and transport.

The event is scheduled for the weekend of November 1, 2 and will take place in Miramar.

 

TrueNet clocks Big Pipe as fastest ADSL

TrueNet’s July 2014 urban broadband report says newcomer Bigpipe is the fastest ADSL ISP for downloading New Zealand web pages. The Spark-owned, no frills service provider was fractionally ahead of Slingshot and Flip downloading eight pages in just 3.4 seconds.

Bigpipe also turned in a solid time-of-day result equaling Orcon. This measures the lowest performance of the day as a percentage of the day’s maximum speed — the pair delivered 98 percent.

July 2014 Urban Broadband Report | TrueNet – The broadband monitors.

When venture capital hurts start-ups

Peter Kerr at Stick reports raising venture capital can hurt a new business. The title of his  Should you bother with venture capital funding…the numbers suggest no says it all. He quotes one investor who points out there is an inverse correlation between the amount of venture capital invested and business success. In other words, the companies that raise the least amount of funds tend to do best.

Kerr lists five reasons why this happens. For me the first one is the killer:

Pandering to VCs is a distraction:

Raising capital demands a lot of time and energy, when an entrepreneur is better off convincing prospective customers to buy – or perhaps learning why they won’t.

And that’s my experience of raising money. Often it can take almost as much effort to raise a sum from investors as it can to earn the same amount as income.