Pajama Entrepreneur

iPhone hacked, takes European SIM card: “The Sim-Clone hack enables people to use all the functionality of an iPhone in Europe, with both incoming and outgoing calls, as well as SMS and edge internet.” Everyone knows it was just a matter of time before someone hacked the iPhone to allow consumer choice.

Real businesses make money: there are too many startups relying on the M&A market (also known as the flipmeat business model) to save their butts from extinction. Instead of developing truly useful applications, they simply copy others before them, implement a few minor changes, raise some money and hope that someone (e.g. Yahoo) will buy them. The problem is there are not that many acquirors, so what do they do while they are burning cash?