Citigroup Buys Online Egg Bank

Citigroup announced today that it has reached an agreement to purchase UK based Egg Banking (Egg) the largest online bank in the world. Citigroup is buying the company from Prudential PLC for $1.13 billion in cash for the bank. The deal is on track to be completed by the end of April.

Do VCs Make Less Than You Think?

For some reason, I find myself reading a fair number of VC blogs. This is mostly out of curiosity. Though I've never raised venture capital for a startup before, I find the industry interesting.

Second Life Growth Accelerates

Logging in to Second Life earlier this morning, I noticed in the grid status information that the number of registered users has now passed the three million mark.

Local Publishers Can Hold Against Craigslist

Somewhere at the top of the Silicon Valley, Craigslist has upset the status quo of publishing; only the most dedicated websites can survive the hazardous venture into the Valley and face down the Colonel Kurtz of online classifieds.