Archive for April, 2015


Gerbsman Partners (http://www.gerbsmanpartners.com) has been retained by Venture Lending & Leasing VI, Inc. and Venture Lending & Leasing VII, Inc. (together “WTI”), the senior secured lender to Digital Caddies, Inc., (“Digital Caddies”) to solicit interest for the acquisition of all or substantially all of Digtial Caddies’s assets, including its Intellectual Property (“IP”), in whole or in part (collectively, the “Digital Caddies Assets”) http://www.digitalcaddies.net . Please be advised that the Digital Caddies Assets are being offered for sale pursuant to Section 9-610 of the Uniform Commercial Code. Purchasers of the Digital Caddies Assets will receive all of Digital Caddies’s right, title, and interest in the purchased portion of WTI’s collateral, which consists of substantially all of Digital Caddies assets, as provided in the Uniform Commercial Code.

The sale is being conducted with the cooperation of WTI and Digital Caddies. Digital Caddies has advised WTI that it will use its best efforts to make its employees available to assist purchasers with due diligence and assist with a prompt and efficient transition at mutually convenient time.


The information in this memorandum does not constitute the whole or any part of an offer or a contract.

The information contained in this memorandum relating to the Digital Caddies Assets has been supplied by third parties and obtained from a variety of sources. It has not been independently investigated or verified by WTI or Gerbsman Partners or their respective agents.

Potential purchasers should not rely on any information contained in this memorandum or provided by WTI or Gerbsman Partners (or their respective staff, agents, and attorneys) in connection herewith, whether transmitted orally or in writing (the “information”), as a statement, opinion, or representation of fact. Please further note that all information provided herein relating to the operations of Digital Caddies business and its market positions relates to periods on or prior to April 21 2015. Interested parties should satisfy themselves through independent investigations as they or their legal and financial advisors see fit.

WTI and Gerbsman Partners, and their respective staff, agents, and attorneys, (i) disclaim any and all implied warranties concerning the truth, accuracy, and completeness of any information provided in connection herewith and (ii) do not accept liability for the information, including that contained in this memorandum, whether that liability arises by reasons of WTI’s or Gerbsman Partners’ negligence or otherwise.

Any sale of the Digital Caddies Assets will be made on an “as-is,” “where-is,” and “with all faults” basis, without any warranties, representations, or guarantees, either express or implied, of any kind, nature, or type whatsoever from, or on behalf of, WTI and Gerbsman Partners. Without limiting the generality of the foregoing, WTI and Gerbsman Partners, and their respective staff, agents, and attorneys, hereby expressly disclaim any and all implied warranties concerning the condition of the Digital Caddies Assets and any portions thereof, including, but not limited to, environmental conditions, compliance with any government regulations or requirements, the implied warranties of habitability, merchantability, or fitness for a particular purpose.

This memorandum is not to be supplied to any other person without Gerbsman Partners’ prior consent. The information contained herein is not subject to the Non-Disclosure Agreement, however any additional requested information will require execution of the attached NDA attached hereto as Exhibit A. Also attached is a detail sales letter, Exhibit B, Digital Caddies Fixed Asset List (the assets of Digital Caddies is subject to a secured lien by the IRS. It the objective to clear this lien prior to a final transaction.


Digital Caddies, Inc. (“Digital Caddies,” “CADY” or the “Company”) is a corporation which was incorporated under the laws of the State of Oklahoma on September 7, 2011. The shares of stock and warrants of the Company were previously held in the name of DNA Beverage Corp., a Nevada Corporation. Since inception, the company has raised a total of $7.8M that has been invested into the technology and the network. $1.7M was raised privately by the company, and $6.1M was raised through Paulson Investments, a leading national boutique investment bank headquarted in Portland Oregon.

Digital Caddies, Inc. is a golf-centric technology and information-dissemination company that uses tablet technology and wireless connectivity to create, a content and informational medium that enables advertisers to directly market to golfers through multifunctional web-enabled interactive tablets installed on golf cars owned by the Company’s customer golf course businesses.

These Internet-connected interactive tablets are designed to provide services to both golfers and golf courses alike.

Once interactive tablets are installed, players can be provided with a number of interactive services and applications, such as GPS-based hole/course information, scoring applications, messaging platforms (for cart-to-cart and cart-to-course communications), the ability to wirelessly call for the beverage cart, plus news, weather, sports, and entertainment. (most features are not yet available)

More importantly, the platform provides a broad portfolio of course management tools designed to enable golf course managers to improve player pace of play via GPS-based cart tracking and communications, potentially increase merchandise and concession sales via real-time on-tablet promotions, and access to additional revenue streams (e.g., sale of local advertising.).

With an always on, always connected device in front of the golfer for four and a half hours while they play golf, the network generates a significant number of impression opportunities with the affluent golfer.

An impression opportunity is calculated as the number of times we can potentially place an advertisement in front of that golfer.

Currently our software provides up to 3 ad locations (300X250 size) that are always on the screen plus one additional larger custom ad location. Each ad location is completely interactive and can be linked to URLs and other content that the advertiser might like to provide.

With 4 ad locations integrated into our software and a 4.5 hour round of golf (270 minutes) and assuming 30 second intervals between ads, we provide an impression inventory of approximately 2,000 for every round of golf that is played. (If you assume there are 2 golfers in the golf cart, which is usually the case, the effective inventory is 4,000)

Therefore, each golf course can produce over 120,000,000 impression opportunities every year (the average golf course completes 30,000 rounds of golf per year).

These impressions are what the company sells to advertisers in order generate revenue – we are a publisher.

Pricing for these ad units vary based on many factors and are typically priced in the form of a price for 1000 impressions, referred to as “CPM” (Cost per thousand).

In order to calculate the revenue possibility, take the number of impressions available and divide it by 1000 and multiply it by the CPM Rate then multiply it by the “fill rate,” which is defined as the number of impressions actually sold. Single golf course example: 120,000,000 impression opportunities X 10% fill rate X $2 CPM rate = $24,000

We believe that advertisers will be very interested in presenting their message on our Digital Caddies because of our ability to generate a large number of impression opportunities and provide them an opportunity to interact with affluent consumers in ways that have not been possible before.
Event Timeline
1.  Fall 2012 business plan completed
2.  2013 $1.7M raised to complete proof of concept
3.  New management brought in to run the company – founder Brad Nightingale moved out
4.  Alpha version of the Digital Caddies platform launched in June 2013 then beta in November of 2013.
5.  Spring 2014 $6.1M raised to build the network
6.  Platform was formally launched in April of 2014 with a business model where the basic platform was free for select golf courses and revenue was to be generated through advertising sales and add on software upgrades.
7.  Rapid growth of the network commenced and by August of 2014 approximately 140 golf facilities were on the network (165 Eighteen Hole Equivalents or “EHE’s)
8.  Several advertising partnerships were established during this time including agreements with Double Click For Publishers, Google Adx, Nexage, Smaato, LiveRail, Brightroll, Access Sports Media and more, to help monetize the network through advertising sales.
9.  Fall 2014 revenue expectations set by the partners did not materialize
10. Winter 2014 secured our first few large brand advertisers including Fidelity, Callaway and Golf Now
11. Winter 2014 engaged with Roth Capital to fund additional growth – financing failed due to market conditions that effected their investment partners plus time lost due to Christmas holidays.
12. With no capital to sustain the network management resigned in February 2015 and Brad Nightingale stepped back in to operate the business
13. Dramatic cuts to costs occurred and operating costs dropped from $250,000+ per month to $60k+.
March 2015 renegotiated a partnership deal with Sprint to change the business model whereby Sprint charges the golf course for the wireless connectivity.
14. As of April 1st, any golf course that wished to keep our service now has to pay $15 per tablet per month for connectivity but can cover their cost by either charging the golfer a fee of approximately $0.35 per golfer or by selling local advertising to put on the platform. The average course requires 2 advertisers per hole per month.
15. In the last 3 weeks, approximately 25 have agreed to keep or install the service, 60 facilities have decided to remove the system and the rest are still undecided.
16. Any equipment we receive back from courses, can easily be re-purposed and used at a new customers location
17. Company is already seeing interest from new locations for the service and with over 15,000 golf courses in the United States with very few that have GPS for golf, there is lots of opportunity

As we re-build the network under our new business model, we still believe the majority of our revenue will come from the sale of advertising although the focus will be more geared towards local advertising from businesses surrounding the golf courses we are installed on. Once the network is re-established, we will resume selling advertising to national brands and also sell value added upgrades to the golf course.

Digital Caddies Assets
14,500 tablets and all related equipment in inventory including:
5000 7” color touch screen devices manufactured by ZTE
9,500 10” color touch screen Tab 2 tablets manufactured by Samsung.
Formal partnership with Sprint
Fully functioning network
http://www.digitalcaddies.net Domain
Completed website and marketing material
Database of all golf courses in the United States populated with detailed information
Rep network in place for distribution

Intellectual Property
Software (copyrighted)
Intellectual Capital
People – dedicated/loyal team
10+ years of industry experience
Established Customer base
Complete Database of all golf courses in the United States
Highly scalable process in place
Solution for powering tablets on the golf cart
“The Players Network” trademark (applied)

Barrier To Entry
First Mover Advantage – The company is recognized as a first mover in the industry utilizing new technology and software in the market segment
We are known and trusted in the golf industry with over 10 years of relationships. The golf industry is not welcoming to new-comers.

Why are the Assets Attractive
Great working partnership with Sprint Corp. – Sprint provides us the people and resources to manage the wireless connectivity for the tablets at the golf course.
Currently there are approximately 2000 tablets active or being activated on the network at this time.
Already have relationships with brand advertisers
Banana Boat to begin advertising at golf courses and give away samples of a new sunscreen – $55,000 gross revenue per 4 week campaign
Established relationships with 3rd party advertising networks
Proven technology and network performance
Over 10 years of experience in GPS/Technology for golf courses
We have all the necessary people in place
The product has been widely accepted and approved by the industry
Processes are in place to allow for a highly scalable re-build of the network
Price point is currently still the lowest in the marketplace
New business model requires very little additional capital
Significant revenue and growth opportunities with more investment capital
Streamlined process that allows us to prepare and deliver tablets to be installed in under 5 days allowing for rapid growth
Experienced team of people and partners

Brad Nightingale – Founder
Mr. Nightingale (44 years old) the founder of Digital Caddies, Chief Executive Officer and Chairman. Mr. Nightingale founded Digital Caddies in 2003 and introduced a low cost, easy to use and easy to implement GPS service to golf courses. The device was installed on golf carts at golf courses and the company grew to have over 150 golf course customers by 2007. After managing the company through the recession, Mr. Nightingale established the new business plan to utilize tablet technology that the company is using today. Prior to founding the company, Mr. Nightingale had a career in finance where he advised and financed early stage technology companies.

Theodore Konyi – CoFounder
Mr. Konyi (60 years old) is a Director, co-founder and investor in Digital Caddies. Mr. Konyi takes an active role with the company and assists with all aspects of the business including managing the wireless relationship with our partner Sprint. Mr. Konyi is also President and Chief Executive Officer of Maxwell Mercantile Inc., a merchant bank specializing in small technology and energy investments. As founder of the Maxwell, he has been actively involved in the start-up and growth phases of many corporations.

Ted Bradley – Advertising & Marketing
Ted Bradley (40 years old) is responsible for managing and executing on all aspects of the revenue generation part of the business. Prior to joining the company in June 2013, Mr. Bradley had been instrumental in building several Digital Out of Home Networks from the ground up, including sales strategy, planning and execution. His experience includes senior media sales roles with many companies including: Telephoto Technologies Inc., where he was responsible for sales and business development; OnTrack Media where he served as Vice President of Media, Sales and Operations; Roberts Media Network – Vice President of Sales and Marketing. From 2009 to the present, Mr. Bradley has served as a board member for the Digital Place Based Advertising Association (DPAA).

Tony Giannandrea – Controller
Mr. Giannandrea (age 54) manages all finances for the business. He is experience as a senior accountant started with Spartan Homes where he managed entire operations, and was primarily involved with financial reporting to the Parent company on 13 limited liability companies throughout four counties in southeast Michigan. He was also responsible for reporting directly to commercial lenders and private investors. Prior to working with Digital Caddies, Mr. Giannandrea was a founder and operator of other early stage companies including Premiere Enterprises, building high-end custom homes and Fusion Tech, an technology company that used infrared to repair asphalt for commercial centers and municipalities.

Allan Kaplan – Advisory Board
Mr. Kaplan (age 43) is an investor in Digital Caddies and advises the company on all aspects of the business. He is an entrepreneur with strong experience in Internet infrastructure and consumer services. He was a founder of Limelight Networks, GlobalCenter, Entera, Primenet. Some notable early stage investments he has been involved with include Facebook, Zynga, Alibaba, Flipkart, and Linkedin.

Other Key Operation Partners
Yourbow – DFP specialist that traffic all our advertisements
HScott Mobile – manage, source and implement all 3rd party mobile monetization partners
Techmileage – Manage all aspects of our network and assisted with the development of the software.
Digital Wasabi – Manages all development of the software for the tablets and network.

Solutions for Golfers

Digital Caddies connects golfers to advertisers by installing multifunctional web-enabled interactive tablets (currently manufactured by Samsung) in golf cars that operate on our customer golf courses. These Internet-connected interactive tablets are designed to provide a host of services to both golfers and golf courses alike. Once interactive tablets are installed on a golf course, players can be provided with a number of services and applications, such as GPS-based hole/course information, interactive maps to navigate distance information on the course to hazards or layup locations or to the green so golfers can select a location of where the hole is located that day.

In future versions, the platform will be able to provide real-time scoring applications and leaderboards, messaging platforms (for cart-to-cart messaging), the ability to easily notify the beverage cart that you want service, the ability to order food from the clubhouse, get news, weather and sports and even watch TV. The android based tablet platform is very flexible and many other services and features can be easily added.

Solutions for Golf Courses

Our platform provides a broad portfolio of course management tools designed to enable course managers to improve player pace of play via GPS-based cart tracking and communications. Through any web connected device, a golf course manager can view where every golf cart is on their golf course and communicate with the carts through a messaging system. This allows the golf course to better manage the pace of play on the golf course which is one of the most important factors in running a golf course and keeping golfers happy. The platform also provides a pace of play monitor so courses can easily see what groups might be falling being the regular pace of play.

In addition, golf courses can use the system to potentially increase merchandise and concession sales via on-tablet advertising and promotion. Golf courses are also provided the opportunity to sell to local advertisers to add an additional revenue stream. All of these services are currently provided to our customer golf course free of charge and the only fee they are required to pay is to Sprint for the wireless connectivity. By utilizing the platform, golf courses can also save money in many ways. More efficient management of pace of play may require a reduced need for course marshals, using the geo-fencing service, courses can be notified if a cart is removed/stolen from the golf course, cart history can show maintenance crews where golfers have travelled on the course so they can be more efficient plus managers can confirm whether or not a golfer has completed a round of golf when they try to play 2 rounds for the price of one.

Additional features and upgrades we can develop for additional revenue:

1. Enhanced Graphics (already completed)
2. Beverage cart call button to notify the cart girl that you require service. The cart girl will have access to a map showing where all the golf carts are on the course that want service, allowing her to be more efficient and sell more product. (in production)
3. Create an online community where golfers can provide all their information and track their game and keep stats – called the Players Network
4. Allow golfers to watch sporting events/financial news live on the platform
5. Capture email addresses of every golfer for the golf course and Digital Caddies
6. Display “best score on this hole today”, average scores, lifetime scores
7. Show average scoring on the hole by handicap so golfers know how hard the hole is to play
8. Allow YouTube channel to record daily welcome video, playing tips from the pro, message from a CEO for a golf tournament or for a charity event.
9. Social Media posting of highlights and scorecards.
10. Automatic tie-in of scores to official handicap systems
11. Food ordering with linked payment system for on course purchases PayPal/visa etc
12. Custom advertising for tournament sponsorship ads
13. Live scoring and tournament scoring for shotgun scrambles, best ball etc posted live on a real-time leaderboard that can be viewed on any web enabled device.
14. Allow forwarding of ads they are interested in to their email for later review
15. Data collection – repeat rounds, length of rounds, total number of holes played, total number of golfers and many more
16. Display pace of play information on the tablet automatically so golfer knows if they need to speed up.
17. Scores will be maintained and tracked in a database so they can be accessed later so when a golfer returns to a course, the system automatically recalls scorecards from their previous rounds so they can compare their current round.
18. Maintain stats like, greens in regulation, fairways hit, number of puts, missed fairway left or right, stored that golfers can review later
19. Instant sale promotions from clubhouse “next hour buy 1 bud light get a bag of chips for free”
20. Ability to score different types of games, match, skins, stableford and many more
21. Adding paypal or similar donation button for tournaments and charity events to raise money during their outing
22. Play golf against a virtual professional on the tablet.
23. Enabling the golf course to enter the daily pin positions via a + or – indicator displayed near the center of green number. For example, if the pin is 5 yards past the center of the green there will be an indicator that shows “PIN +5”. There has to be an easy way for the golf course to enter this number each day.
24. Import/Export files to tie into current reservation systems, inventory control and POS systems.
25. Private golf courses – provide the name of the person on the carts so members can see who is slow playing on the course. (by request from a golf course)
26. Add a “make a suggestion” under the I menu
27. Find your ball. When someone hits their ball in an area they might find hard to navigate, they can click on the map the approximate area they think their ball landed so when driving there the tablet will tell them where they need to go
28. Welcome message to golfer by name which will also provide a name to the cart girl so golfers can be treated like members.

Competitive Business Conditions, the Issuer’s Competitive Position in the Industry, and Methods of Competition;

The Golf GPS Market is competitive and is primarily composed of two segments: (i) companies that offer golf GPS systems directly to consumers; and (ii) companies that offer golf GPS systems directly to businesses. Our business focus is to offer our Digital Caddies golf GPS system directly to golf businesses, and not to individual consumers. Golf courses have different needs than individual golfers, such as the need for course management functionality, cart tracking, food and beverage service options, and mechanisms to promote golfer retention, we do not believe that consumer products that provide golfers with Golf GPS will adversely affect our business because they lack features that are specially customized to meet the needs of golf courses and golf course operators.

With the fact that our business model is based primarily on generating revenue from advertising displayed though the Digital Caddies platform, an argument could be made that our competitors are also any other advertising medium however the unique approach the company takes by providing a value added services that golf courses use through our platform, we consider our biggest competitors to be other companies that currently offer golf GPS systems directly to golf businesses, such as public/private golf courses, golf resorts, etc. It should be noted that these systems do not implement our strategy of using web enabled, open source applications to be able to seamlessly deliver advertising and content to their platforms.

There are many “mom and pop” type companies that offer basic GPS systems for golf courses but only 2 other companies have had any presence in the market that provide good quality GPS services directly to golf courses in a manner which is similar to the product we provide. Our largest potential competitor in this space is GPS Industries, a Florida based company formed in 2009 from the amalgamation of multiple companies that have existed in the marketplace for many years. GPS Industries is a private company so specific details about the Company are not available, but we believe based on the history of the amalgamated companies that their total customer base is about 400 courses out of a total of 15,000 golf courses in the US. Their system is considered to be the most advanced in the market place but comes with a hefty cost of approximately $300,000 for the average golf course. Another competitor is DSG Tag Systems. This company provides similar GPS services to Digital Caddies. Their product was launched last year and we estimate has a customer base of less than 50 golf courses and costs the average golf course approximately $150,000.

With over 15,000 golf courses in the United States we believe that the market has not yet reached saturation and that there is room for growth in this market segment.

Advertising Partners

DFP – Double Click for Publishers
Millenial Media
Mobile Theory
The Rubicon Project
Access Sprots Media
Direct ads sold and Pipeline

Golf Channel
Golf Now
Golf Advisor
Banana Boat
Bermuda Tourism
World Golf Tour (online game)
Magna Global
Advantage Marketing
Eaton Golf Pride
Quicken Loans
Lexus North East
Bank of America
Clarion Capital Partners
Aruba Tourism

Impressions and Ad Formats
Digital Caddies reached over 300 million impressions opportunities per month to approximately 400,000 people when the network was in place with 140 facilities. The platform currently supports many standard IAB formats, including the following sizes:

Full page video ads
Full page rich media/static ads
300×600 sky scraper
Medium Rectangle – 300×250
Custom ad sizes also available

The Bidding Process for Interested Buyers

Interested and qualified parties will be expected to sign a nondisclosure agreement (attached hereto as Exhibit A) to have access to key members of the management and intellectual capital teams and the due diligence “war room” documentation (the “Due Diligence Access”). Each interested party, as a consequence of the Due Diligence Access granted to it, shall be deemed to acknowledge and represent (i) that it is bound by the bidding procedures described herein; (ii) that it has an opportunity to inspect and examine the Digital Caddies Assets and to review all pertinent documents and information with respect thereto; (iii) that it is not relying upon any written or oral statements, representations, or warranties of WTI, Gerbsman Partners, or Digital Caddies, or their respective staff, agents, or attorneys; and (iv) all such documents and reports have been provided solely for the convenience of the interested party, and WTI, Digital Caddies, and Gerbsman Partners (and their respective, staff, agents, or attorneys) do not make any representations as to the accuracy or completeness of the same.

Following an initial round of due diligence, interested parties will be invited to participate with a sealed bid, for the acquisition of the Digital Caddies Assets. Sealed bids must be submitted so that they are actually received by Gerbsman Partners no later than Thursday, May 28, 2015 at 3:00 p.m. Pacific Time (the “Bid Deadline”) at Digital Caddies office, located at 15210 N. Scottsdale Rd # 280, Scottsdale, AZ 85254. Please also email steve@gerbsmanpartners.com with any bid.

Bids should identify those assets being tendered for in a specific and identifiable way.

Any person or other entity making a bid must be prepared to provide independent confirmation that they possess the financial resources to complete the purchase where applicable. All bids must be accompanied by a refundable deposit check in the amount of $200,000 (payable to Venture Lending and Leasing VII, Inc.). The winning bidder will be notified within 3 business days of the Bid Deadline. Unsuccessful bidders will have their deposits returned to them within 3 business days of notification that they are an unsuccessful bidder.

WTI reserves the right to, in its sole discretion, accept or reject any bid, or withdraw any or all of the assets from sale. Interested parties should understand that it is expected that the highest and best bid submitted will be chosen as the winning bidder and bidders may not have the opportunity to improve their bids after submission.

WTI will require the successful bidder to close within a 7 day period. Any or all of the assets of Digital Caddies will be sold on an “as is, where is” basis, with no representation or warranties whatsoever.

All sales, transfer, and recording taxes, stamp taxes, or similar taxes, if any, relating to the sale of the Digital Caddies Assets shall be the sole responsibility of the successful bidder and shall be paid to WTI at the closing of each transaction. For additional information, please see below and/or contact:

For additional information, please see below and/or contact:

Steven R. Gerbsman
Gerbsman Partners
(415) 456-0628

Kenneth Hardesty
Gerbsman Partners
(408) 591-7528

James Skelton
Gerbsman Partners
(949) 466-7303

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If you don’t buy this version of the Apple Watch, you’re making a huge mistake

Apple WatchBusiness Insider / Matt Johnston

After seeing all the reviews, watching all the interviews, and hearing Tim Cook sing its praises, I finally decided to get over to an Apple Store and try on the Apple Watch for myself.

As I’ve written before, I’m not a smartwatch rookie. I’ve been wearing a Samsung Gear Fit for eight months, and I’m a big fan of both that device and the concept of a smartwatch in general. So I know what it feels like to wear one of these things on your wrist every day.

I was eager to see how the Apple Watch compared.

One thing was clear to me within 20 seconds of my Apple Watch appointment: The cheapest version made of aluminum, the Apple Watch Sport, is the best. There is almost no reason to choose any other model as your first Apple Watch. Unless you have a ton of extra money, the Sport is the best option.

The Apple Watch Sport (42mm) was the first one to be placed on my wrist, and it felt fantastic.

It was soft but not slippery, thanks to the rubbery sport band that let the Watch cling to my wrist. It attaches to the aluminum casing on the watch seamlessly and looked quite nice. I unbuckled and buckled it back up a couple of times to see how easy it was to take on and off. I found it to be even easier than my current smartwatch, which I regularly have to perform finger gymnastics to attach.

It was great.

Apple WatchBusiness Insider / Matt JohnstonThe Sport band.

Then I asked the Apple Store employee whether I could try the Milanese loop band, which is generally one of the most popular early bands. I was not a fan. It leaves me wondering what all the fuss is about with this band. It got off to a good start. The Milanese loop goes on about as easy as a band possibly could. It fastens with a magnet, sort of like those slap bracelets from the ’90s. The stainless steel mesh band looks pretty nice, too, but that’s where all positive aspects of my experience with this band end.

I found the Milanese loop to be very uncomfortable. I didn’t like the feeling of the metal links against my wrist. But the worst aspect of the band was simply that it never felt as if it fit. It’s easily adjustable, but no matter how I adjusted it, it always felt as if the band would fall off. It felt heavy and cumbersome. And you couldn’t even consider wearing it to a workout. You’d have to shell out an extra $50 for another band.

Apple WatchBusiness Insider / Matt JohnstonThe Milanese loop.

This band alone will run you an extra $150. It looks all right, but the Sport is all you really need. Which bring me to my final, important point: You can buy any band at any time and attach it to your existing Apple Watch.

So if you buy a Sport now and genuinely want something more premium-looking (which I’m guessing most people will not), you can always buy another band later and simply attach it.

I didn’t get a chance to try on the classic buckle loop ($149), the modern buckle ($249), or the pricey link bracelet ($449). And who knows, more people than I think might be interested in those bands. But there’s no reason to buy anything but the Sport out of the box. You can always easily change your mind and get another one, and chances are you’ll want the Sport anyway for exercising.

In short, it’s hard to screw up your purchase by spending the minimum on the Apple Watch Sport, which starts at $349 for the 38mm. I’d recommend everyone try on these things first before buying them, given the high price differential, but take it from me: You’ll probably end up with the Sport.

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“I wondered why somebody didn’t do something. Then I realized, I am somebody”  6b4599ee06dd03066c13f01fd4f446447764761be60fcc4ac9cdcefca00df8c3

​​One Father’s Journey to Accept the Unacceptable

People often ask what Stillbrave is about, what our mission is and what drives our Executive Director, Tattoo Tom to always push for more awareness and continuously offering support to our Stillbrave families. Now we have a video that paints a picture of the driving force behind Stillbrave.

Please take a few minutes to watch Tatoo Tom Mitchell, who was fortunate enough to be asked to present at our local TEDx Event. Please share it with your friends and family, to spread the word and raise awareness for Childhood Cancer.

Please donate to Stillbrave so we can continue our mission, offering non-medical support to children with cancer and their families. Thank you.

http://stillbrave.org          0e5ef113eeabc905daf8addde824cc97Please take time to go to STILLBRAVE.ORG – in today’s challenging world, lets give these kids some HOPE – thank you

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Data breaches and Internet of Things risks are among cybersecurity executives’ top concerns

As the RSA security conference in San Francisco nears, security executives are thinking about risks from breaches and Internet of Things devices. Photographer: Daniel Acker/Bloomberg

With the annual RSA security conference in San Francisco on the horizon, CEOs and other security executives are thinking about breaches, Internet of Things devices and the need for government support in fighting cybersecurity threats.

This year will be an important year for technology, as Section 215 of the Patriot Act, which covers government surveillance, expires at the end of May. The stakes have also risen from data breaches, which have now become fireable offenses for CEOs.

Big companies like Google Inc., Facebook Inc. and LinkedIn Corp. have all signed a letter asking for Section 215 of the Patriot Act to be amended to reform this section, as security is on their minds. Edward Snowden’s revelation two years ago about the National Security Agency’s practices also drew people into the security scene who had no idea the government had a pipe going from your cloud provider to the NSA.

Still, many prominent tech executives chose not to attend President Barack Obama’s cybersecurity summit at Stanford University this year.

Data breaches by attackers have taken the spotlight because of various states’ new data breach notification laws that have come about in the past decade, and companies needed to start notifying clients when a breach has occurred. High-profile breaches like those at Target Corp., Home Depot, Sony Pictures Entertainment Inc. and others have grabbed consumers’ attention.

We sat down with some of the top executives at security companies in the Valley, separately, and compiled their answers into one article. Here are some of their thoughts on top issues in security today:

Who we talked to:
Gary Davis, chief consumer security evangelist at Intel Security Group. Previously known as McAfee Inc., Intel Security is a Santa Clara software security company.

Kevin Haley, director of Symantec Corp. security response. The Mountain View company handles security software and storage.

Pravin Kothari, founder and CEO of San Jose-based CipherCloud, a cloud security company.

Dave DeWalt, CEO of FireEye, a Milpitas startup with a malware protection system. It also does the forensics after breaches happen, including helping Sony Pictures Entertainment after its massive hack last year.

David Goeckeler, senior vice president of Cisco Security Group. He just celebrated his sixth anniversary in this role, but he’s been with Cisco for 15 years.

Top concerns

1. Breaches
Symantec’s Haley said the No. 1 issue in security for businesses is data breaches, how to prevent them and how to handle them when they happen. Most of these breaches are caused by attackers, he said.

“It was an IT (information technology) to CISO (chief information security officer) issue to a board issue,” he said. “Execs are getting fired, brands are being hurt, and revenue is being lost.”

FireEye’s DeWalt notes that this is a community problem.

“The problem isn’t headed in the right direction,” Haley said. “How do we get ahead of this set of problems and what are we going to do about it as a nation? The level of danger has elevated pretty dramatically year over year. What we feared could come true a year ago at RSA has largely come true.”

2. Risks with iOT devices
New Internet of Things devices, like thermostats and wearables, pose new security challenges. A 2014 Hewlett-Packard Company study found the top IoT devices averaged 25 vulnerabilities per product and 75 percent of IoT devices contain vulnerabilities.

“People are not spending time thinking about opening up Pandora’s box of security challenges,” said Intel’s Davis. “The challenge is, you see all of these devices coming online at a rapid clip, without robust security. … Trying to apply a patch to a thermostat in the home is going to be much more challenging.”

New research from the market research firm Park Associates shows 47 percent of households have privacy or security concerns about smart-home devices.

Devices often are made without consideration of security and should have security built into them, he said. Not requiring a complex password or not requiring changing a password are dangerous things.

3. Changing business models
A shift to the cloud and digitization in enterprise can increase risk for companies, said Cisco’s Goeckeler.

“As business models change, it makes the security job a lot more difficult,” he said.

4. Need for government support
DeWalt says companies need more support from the government when it comes to Internet safety.

“In many cases the government is the problem, too,” he said. “For example, Russia’s offensive activities in cyberspace. They (various governments) could also be a big part of the solutions.”

Hacktivism, cybercrime, espionage, cyberterrorism and cybersabotage have all grown over the past decade, DeWalt said.

5. Thoughts on Patriot Act
The Patriot Act is not working well for international customers, said CipherCloud’s Kothari.

“We are always in favor of data privacy and consumer rights,” he said. “Right now, the Patriot law is too deep into security. It’s the typical security-versus-privacy debate that started after 9/11 — and in the process, privacy has taken the backseat.”

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Please see email link to the April, 2014 Emerging Growth Debt, Part II: When It’s Heading South: Insolvency and Related Considerations – Maximizing Enterprise Value


WEBCAST LINK: http://w.on24.com/r.htm?e=931038&s=1&k=B6B60768B021450AC7A583EBC7C9676F

The webcast is sponsored by Latham & Watkins and the panelists are:

In this 60-minute webcast, Latham & Watkins partner Peter M. Gilhuly, Steven R. Gerbsman, Principal of Gerbsman Partners and Manuel A. Henriquez, Founder, Chairman and CEO of Hercules Technology will provide a brief overview of distressed venture deal issues and solutions.

These three leading experts will give an executive overview of what to do when a venture company is distressed.

· Maximizing Enterprise Value
· Fiduciary Duty Issues
· Working Out Venture Deals
· Resolution Without Insolvency Process
· Out of Court Shut Down of Operations vs. ABCs

Peter M. Gilhuly, Partner, Latham & Watkins LLP
Steven R. Gerbsman, Principal, Gerbsman Partners
Manuel A. Henriquez, Founder, Chairman and CEO, Hercules Technology Growth Capital
Latham & Watkins LLP is a leading global law firm dedicated to working with clients to help them achieve their business goals and overcome legal challenges anywhere in the world. The firm has earned considerable market recognition based on a record of landmark matters and a unified culture of innovation and collaboration. From a global platform of offices covering the world’s major financial, business and regulatory centers, the firm’s lawyers help clients succeed. For more information, visit http://www.lw.com


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Bubble fears just hit their highest level on record

More investors are worried about overvalued stocks and bonds than at any time in at least the past 12 years.

That’s the message from Bank of America Merrill Lynch’s latest survey of fund managers, which polls 145 participants managing a combined $494 billion (£337.4 billion) in assets on how they feel about a bunch of different investments.

Investors on the panel who think both stocks and bonds are overvalued outnumber those who don’t by 54%, the highest disparity since the series began in 2003. Concerns among the panel about a bubble specifically in stocks are at their highest level since records began in 2000.

Here’s how that looks:

stock bond bubble BAMLBAML

There are two other big moves in the BAML survey. More investors now think the dollar is overvalued than at any time since 2009:

dollar overvalued BAMLBAML

And they think the euro is more undervalued than at any time in the past 12 years:

euro undervalued BAMLBAML

The euro has fallen from just over $1.38 this time last year to below $1.06 — but these graphs suggest that plunge may be winding down.

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21 things you didn’t know your iPhone could do

iphone 6 and 6 plusJustin Sullivan/Getty Images

We’re nearly attached to our iPhones — we use them all day everyday, but you may be surprised to learn there are still a handful of things it can do that you probably didn’t know about.

Some of these features are buried in the Settings menu while others are hidden in plain sight.

(Note: Some of these features may only be available in iOS 8 and higher)

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