Klout – the internet equivalent of herpes?

Charles Stross has described the klout service as “the internet equivalent of herpes”.

ref: WikipediaEvil Social Networks

Charles Stross raises a good point that services like this demonstrate how 3rd parties can data-mine information about an individual without their permission or awareness – amplifying internet privacy issues in general.

Personally I find services like Klout that generate “social media scores” to be  yet another passing social media fad with no real value for users other then entertainment.

BTW, my klout score is here http://klout.com/#/brianhurley.  lol.

For those interested in related topics:

Advertisements

Big Data Fetish

There was an interesting article published yesterday “Is There Big Money in Big Data?”   that talks skeptically about the Big Data “fetish” that has blossomed over the last few years.

Big Data focuses on collecting loads of data on user transactions and behaviours and making a lot of valuable predictions.

I like this quote from the article, which rings true:

Even with infinite knowledge of past behavior, we often won’t have enough information to make meaningful predictions about the future. In fact, the more data we have, the more false confidence we will have. Not only won’t our hit rate be perfect, it will be surprisingly low. The important part, as both scientists and businesspeople, is to understand what our limits are and to use the best possible science to fill in the gaps. All the data in the world will never achieve that goal for us.

Venture Capital Statistics

United States

VC Investments Q3 2009 – MoneyTree – National Data
VC Investments Q3 2009 – MoneyTree – Regional Data
VC Investments Q3 2009 – MoneyTree – Top Deals
VC Investments Q3 2009 – MoneyTree – Charts
VC Investments Q3 2009 – MoneyTree – Press Release
Corporate Venture Capital Group Investment Analysis 1995 to Q1 2009

Economic Impact of Venture Capital

Venture funding stalls in third quarter

Canada

Q2 2009 VC Industry Overview
Q2 2009 PE Industry Overview
Québec’s Venture Capital Market in Q2 2009

The Impact of Venture Capital in Canada on Economy, Jobs and Innovation

Venture capital deals plummet in Q3