Bad timing: Just as Mark Zuckerberg's (admittedly cute) dog Beast joined Facebook, well-known Chinese activist Michael Anti (ne Zhao Jing) was booted off—his profile and hundreds of contacts vanished. The reason: Anti's use of an Westernized pen name to register his account violated Facebook's dumb, strict real name policy. "Facebook has always been based on a real name culture," is the company line.
Bad times have hit sunnily optimistic northern California. Does it matter if the mayhem on Wall Street had any real connection with the tech-powered Silicon Valley economy? Some of the region's most influential power brokers believe it will — and by pushing others around, they can make perception reality. A helpful insider has provided notes from a recent meeting of Sequoia Capital, a backer of Apple, Cisco, and Google which has risen to become the Valley's preeminent venture-capital firm. Michael Moritz had summoned CEOs of Sequoia's portfolio companies to tell them to prepare for a long, hard downturn. The bottom line: All startups must become cash-flow positive — in other words, earn more than they spend. Or in other, other words, act like the real businesses they always should have emulated. Here are what our tipster claims are notes from the meeting, apparently forwarded by one of the attendees:
We are deeply saddened to report that momager, pimp and our very own white Oprah, Ms. Dina Lohan, has signed with E! to film her long-lusted after reality show. According to the network's official press release, we shall be forced to view Dina's attempts to jumpstart the other ones' (Ali and Cody) careers in showbiz, and they'll tell you why the torturous Living Lohan is necessary:
Meet Michael Arrington's on-again, off-again flame: Meghan Asha. Here's the pair in together in Davos, Switzerland. Would you believe she's BFF with Star magazine editor-at-large and widely respected tech critic Julia Allison? We can't wait for MichaelandMeghan.com. After the jump, another shot of Asha and Arrington, as well as footage from Julia and Meghan's trip together to Vegas.
If there's one thing Michael Capellas knows, it's how to make money fast. After becoming Compaq's CEO in 1999, he turned the company around — and turned around and sold it to Hewlett-Packard in 2002. Tenure as CEO? Three years. He then joined the bankrupt MCI in December2002. MCI emerged from bankruptcy in 2004, and by February 2005, Capellas sold MCI to Verizon for $7.6 billion. Tenure as CEO? Just over two years. Now, Capellas, most recently an advisor to Silver Lake Partners, was named CEO of First Data Corporation, a payment-processing company recently taken private by KKR. Tenure as CEO? At the rate he's going, Capellas still being the CEO of First Data in 2009 would be a real surprise. (Photo by Ben Baker for Fortune)
Michael Musto introduces the newest club craze: booty bumping and disco dumping. According to Musto, "booty bumping has the jaded set getting drugs blown up their butts through a straw, while disco dumping has wasted, often booty-bumped queens making a poopy in their pants, usually trying to flush their dirty underwear later (which explains why club toilets are so often stopped up)." All the kids are doing it!
La Dolce Musto [Village Voice]
Booty bumping and disco dumping thread [MeFi]