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DMW Daily, July 6, 2009

Top Stories
o Board Member: Facebook Revenue Over $500 Million This Calendar Year
o Report: U.S. Justice Department to Investigate AT&T-iPhone Exclusivity
o Netscape Founder Marc Andreessen Outlines Plans For $300 Million VC Company
o Former Joost CEO Mike Volpi Lands At Index Ventures
Opinion & Analysis
o Mark Cuban: When you succeed with Free, you are going to die by Free
o Buzz Watch: The Vendor Client Relationship - In Real World Situations
Briefly Noted
o Michael Jackson Memorial Tickets For Sale on eBay, Craigslist Hit $30,000
o Teen Hacker Releases Jailbreaking Programs for iPhone 3G S
o Fashion Site StyleCaster Raises $4 Million
 Top Stories
o Board Member: Facebook Revenue Over $500 Million This Calendar Year 
Palo Alto – Facebook, currently the leading social networking by audience size, will see over $500 million this year in revenues, according to entrepreneur Mark Andreessen, who sits on the company’s board. [more..]
o Report: U.S. Justice Department to Investigate AT&T-iPhone Exclusivity 
Washington D. C. - The U.S. Justice Department has begun looking at big telecom companies to try to determine if they have abused their market power when signing exclusivity agreements with handset makers, such as AT&T’s deal with Apple and the iPhone, according to Wall Street Journal (WSJ). [more..]
o Netscape Founder Marc Andreessen Outlines Plans For $300 Million VC Company 
Silicon Valley - Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million in fresh capital to form a new venture capital company called “Andreessen Horowitz.” [more..]
o Former Joost CEO Mike Volpi Lands At Index Ventures 
London - Index Ventures today announced that Mike Volpi, until recently CEO of the online video platform Joost, has joined the firm as a partner. [more..]
 Opinion & Analysis
o Mark Cuban: When you succeed with Free, you are going to die by Free 
The problem with companies who have built their business around free is that it is far from free to remain successful. The more success you have in delivering free, the more expensive it is to stay at the top. [more..]
o Buzz Watch: The Vendor Client Relationship - In Real World Situations 
n/a
 Briefly Noted
o Michael Jackson Memorial Tickets For Sale on eBay, Craigslist Hit $30,000 
Los Angeles - Yesterday the lucky 8750 ticket winners in the lottery for Michael Jackson memorial tickets were sent a confirmation email and almost immediatly tickets started showing up for sale by individuals on eBay and Craigslist for up to $30,000. [more..]
o Teen Hacker Releases Jailbreaking Programs for iPhone 3G S 
New York - Teenage hacker George Hotz, 19, claims to have created an application that can “jailbreak” the iPhone 3G S, thus install third-party software, even if that software is not approved by Apple. [more..]
o Fashion Site StyleCaster Raises $4 Million 
New York - The fashion and personal style discovery platform, StyleCaster, has raised $4 million in a first round led by billionaire Quicken Loans owner Dan Gilbert. [more..]