The founders of an early stage company are typically compensated in some combination of cash and stock. In so much as most early stage companies have more of the latter than the former, frequently founders will only be compensated with stock of the company for a period of time, and that’s usually done under a founder restricted stock agreement.
I’m a little slow on the uptake on this one, but on January 4 on the official Library of Congress blog (yes, of course there’s an official Library of Congress blog), they posted an update regarding their ongoing joint effort with Twitter to archive and make searchable every tweet ever.
In their post, the LoC announce that they’ve successfully transferred (or will by the end of the month) the originally agreed upon archive of tweets from 2006 to 2010 to the Library, and also developed a system for archiving all tweets through the present, as they happen. All told, they’re currently sitting on 170 billion tweets. That’s kind of amazing in its own right, but it also has some really interesting legal and evidentiary implications. [Read more…]
Almost nobody reads the fine print on any website or online service, you hit the “Agree” button and move on your way, comfortable in the knowledge that you’ll soon be listening to the hippity hop, or snapchatting, or whatever it is the kids are doing online these days. Well, if you’re an Instagram user, it’s important to take a look at the Terms of Service that are going into effect on January 16, 2013, and it’s a reminder to take a look at the TOS for any service that has the potential to put your personal info out there (read: most free online services). What are these new terms to be aware of? Glad you asked…