The lesser-known member of Facebook’s original team is ready for the spotlight

One of the original five Harvard students who helped build the largest social network in the world walks into a gastropub just a few blocks away from the dorm room where it all began. The handful of students and staff who have returned to campus on this bitterly cold January day show no signs of recognizing him. The host seats him without a second glance. The waitress breaks his heart by announcing they don’t serve root beer.

“I have a really complicated relationship with Harvard,” Andrew McCollum says after finishing his meal. McCollum, 31, who still has the look of a college student with jeans, a casual half-zip sweater and some light scruff, has moved away from Harvard multiple times over the years. Somehow, though, he always seems to end up back in this place. After all, this is the school that changed his life. “I definitely got some amazing things out of Harvard. I met Mark and Dustin and the other Facebook guys.”

McCollum became friends with Mark Zuckerberg through the many computer science classes they took together in Harvard and was one of the first people Zuckerberg told about his idea for The Facebook before it launched on Feb. 4, 2004. For more than a year after that, McCollum worked as part of the small founding team in Boston and later Palo Alto, California. Like Zuckerberg and cofounder Dustin Moskovitz, McCollum left Harvard to work full-time on the startup.

Then, in 2005, just as it was becoming clear that Facebook was taking off, McCollum did what now sounds unthinkable: He left Facebook and went back to school.

For the better part of the next decade, McCollum kept a low profile on and off campus. He got a bachelor’s degree in computer science and a master’s degree in education, traveled to 40 countries in a year, invested in and worked with startups behind the scenes. Humble by nature, according to friends and colleagues, McCollum stayed away from press and was effectively a footnote in the official Facebook story. He’s mentioned a handful of times in media articles and in The Facebook Effect, the authorized history of the company, mostly as a guy in the background. The other four original Harvard students are listed as cofounders on Facebook, but not Andrew McCollum. And no, you won’t hear his name mentioned in The Social Network movie.

At the end of last year, McCollum decided to tiptoe into the spotlight. He agreed to take over as the CEO of Philo, a 4-year old live TV streaming service for college campuses, backed by nearly $9 million in funding and based a couple blocks from the Harvard campus. Philo had already enjoyed comparisons to Facebook: it was founded by two Harvard students who have since taken a page from the social network’s playbook of spreading first across college campuses.

By bringing on a CEO who was present during Facebook’s earliest days, Philo now gains an even greater claim to being the heir apparent. It may also get first-hand insights into the product strategy that drove Facebook’s success. On the other hand, it’s putting someone in the top spot who has never served as a CEO of a startup. If Philo succeeds in reshaping the TV experience for a broad swath of viewers, McCollum may get the kind of public credit for helping to build up the “next Facebook” that he shied away from after working on the original one. If it doesn’t work out, he may simply be known as the guy who left.

Read more here :: http://mashable.com/2015/02/04/andrew-mccollum-facebook/

Related Posts

  • 80
    Warren Buffett has been incredibly successful, and he's extremely wealthy. Warren Buffett's wealth jumped by around $12.7 billion in 2013 alone. But how much is $12.7 billion anyway? And how good an investor is Warren Buffett really? We've put together some facts that really put him in perspective. Read more: http://www.businessinsider.com/mindblowing-facts-warren-buffett-2014-8?op=1#ixzz3BZbB6BSz
    Tags: trading, success
  • 75
    Bonds have never been an attractive type of Investment. People consider them boring, conservative, with the least potentiality and the maximum uncertainty of the risk of losing money. Bill Gross, the co-founder of PIMCO (Pacific Investment Management Co.) managed to win the fear of the Bond market. He took his…
    Tags: trading, success
  • 74
      Have you ever wondered what the secret to Warren Buffett's success is? It turns out Charlie Munger -- Buffett's right-hand man at Berkshire Hathaway  -- is happy to share.   he remarkable success Much has been said from outsiders -- like myself -- about Buffett and the various things…
    Tags: success, trading
  • 72
    Girighet, av individer eller av företag, är aldrig, någonsin bra för aktieägarna. Det kan erbjuda vissa kortsiktiga vinster i aktiekurserna men det kommer oundvikligen att hamna i katastrof. Här är ett enkelt tips: de flesta företag har idag ett visst uppdrag som förklarar vad de står för. Om det talar…
    Tags: success, trading
  • 64
    Virtu Financial, a US electronic market maker, is poised for a stock marketlisting this month in a move that will test investors' attitude to the controversialpractice of high-frequency trading. Its success or otherwise will help decide if some asset managers and long-terminvestors - who are often cited as the victims…
    Tags: trading, success

Scientists are developing ways to edit the DNA of tomorrow’s children

If anyone had devised a way to create a genetically engineered baby, I figured George Church would know about it.

At his labyrinthine laboratory on the Harvard Medical School campus, you can find researchers giving E. Coli a novel genetic code never seen in nature. Around another bend, others are carrying out a plan to use DNA engineering to resurrect the woolly mammoth. His lab, Church likes to say, is the center of a new technological genesis—one in which man rebuilds creation to suit himself.

When I visited the lab last June, Church proposed that I speak to a young postdoctoral scientist named Luhan Yang, a Harvard recruit from Beijing who’d been a key player in developing a new, powerful technology for editing DNA called CRISPR-Cas9. With Church, Yang had founded a small company to engineer the genomes of pigs and cattle, sliding in beneficial genes and editing away bad ones.

As I listened to Yang, I waited for a chance to ask my real questions: Can any of this be done to human beings? Can we improve the human gene pool? The position of much of mainstream science has been that such meddling would be unsafe, irresponsible, and even impossible. But Yang didn’t hesitate. Yes, of course, she said. In fact, the Harvard laboratory had a project to determine how it could be achieved. She flipped open her laptop to a PowerPoint slide titled “Germline Editing Meeting.”

Here it was: a technical proposal to alter human heredity.

“Germ line” is biologists’ jargon for the egg and sperm, which combine to form an embryo. By editing the DNA of these cells or the embryo itself, it could be possible to eliminate disease genes and to pass those genetic fixes on to future generations. Such a technology could be used to rid families of scourges like cystic fibrosis. It might also be possible to install genes that offer lifelong protection against infection, Alzheimer’s, and, Yang told me, maybe the effects of aging. These would be history-making medical advances that could be as important to this century as vaccines were to the last.

The fear is that germ line engineering is a path toward a dystopia of super people and designer babies for those who can afford it.

That’s the promise. The fear is that germ line engineering is a path toward a dystopia of super people and designer babies for those who can afford it. Want a child with blue eyes and blond hair? Why not design a highly intelligent group of people who could be tomorrow’s leaders and scientists?

Just three years after its initial development, CRISPR technology is already widely used by biologists as a kind of search-and-replace tool to alter DNA, even down to the level of a single letter. It’s so precise that it’s widely expected to turn into a promising new approach for gene therapy treatment in people with devastating illnesses. The idea is that physicians could directly correct a faulty gene, say, in the blood cells of a patient with sickle-cell anemia (see “Genome Surgery”). But that kind of gene therapy wouldn’t affect germ cells, and the changes in the DNA wouldn’t get passed to future generations.

In contrast, the genetic changes created by germ line engineering would be passed on, and that’s what has always made the idea seem so objectionable. So far, caution and ethical concerns have had the upper hand. A dozen countries, not including the United States, have banned germ line engineering, and scientific societies have unanimously concluded that it would be too risky to do. The European Union’s convention on human rights and biomedicine says tampering with the gene pool would be a crime against “human dignity” and human rights.

But all these declarations were made before it was actually feasible to precisely engineer the germ line. Now, with CRISPR, it is possible.

The experiment Yang described, though not simple, would go like this: The researchers hoped to obtain, from a hospital in New York, the ovaries of a woman undergoing surgery for ovarian cancer, caused by a mutation in a gene called BRCA1. Working with another Harvard laboratory, that of antiaging specialist David Sinclair, they would extract immature egg cells that could be coaxed to grow and divide in the laboratory. Yang would use CRISPR in these cells to correct the DNA of the BRCA1 gene. The objective is to create a viable egg without the genetic error that caused the woman’s cancer.

As with several other scientists whom I’d asked about human germ line engineering, Yang stopped replying to my questions, so it’s hard to know if the experiment she described is occurring, canceled, or pending publication. Church, in a phone call, termed it a “non-project,” at least until it has generated a publishable result, though Sinclair said a collaboration between the labs is ongoing. (After this story was published, Yang called to say she had not worked on the experiment for several months.) Regardless of the fate of that particular experiment, human germ line engineering has become a burgeoning research concept. At least one other center in Boston is working on it, as are scientists in China, in the U.K., and at a biotechnology company called OvaScience, based in Cambridge, Massachusetts, that boasts some of the world’s leading fertility doctors on its advisory board.

The objective of these groups is to demonstrate that it’s possible to produce children free of specific genes that cause inherited disease. If it’s possible to correct the DNA in a woman’s egg, or a man’s sperm, those cells could be used in an in vitro fertilization (IVF) clinic to produce an embryo and then a child. It might also be possible to directly edit the DNA of an early-stage IVF embryo using CRISPR. Several people interviewed by MIT Technology Review said that such experiments had already been carried out in China and that results describing edited embryos were pending publication. These people didn’t wish to comment publicly because the papers are under review.

All this means that germ line engineering is much farther along than anyone imagined. “What you are talking about is a major issue for all humanity,” says Merle Berger, one of the founders of Boston IVF, a network of fertility clinics that is among the largest in the world and helps more than a thousand women get pregnant each year. “It would be the biggest thing that ever happened in our field,” he says. Berger predicts that repairing genes for serious inherited disease will win wide public acceptance, but beyond that, the technology would cause a public uproar because “everyone would want the perfect child” and it could lead to picking and choosing eye color and eventually intelligence. “These are things we talk about all the time. But we have never had the opportunity to do it.”

Editing Embryos

How easy would it be to edit a human embryo using CRISPR? Very easy, experts say. “Any scientist with molecular biology skills and knowledge of how to work with [embryos] is going to be able to do this,” says Jennifer Doudna, a University of California, Berkeley, biologist who in 2012 codiscovered how to use CRISPR to edit genes.

To find out how it could be done, I visited the lab of Guoping Feng, a neurobiologist at MIT’s McGovern Institute for Brain Research, where a colony of marmoset monkeys is being established with the aim of using CRISPR to create accurate models of human brain diseases. To create the models, Feng will edit the DNA of embryos and then transfer them into female marmosets to produce live monkeys. One gene Feng hopes to alter is SHANK3. The gene is involved in how neurons communicate and, when it’s damaged in children, is known to cause autism.

“You can do it. But there really isn’t a medical reason. People say, well, we don’t want children born with this, or born with that—but it’s a completely false argument and a slippery slope toward much more unacceptable uses.”

Read more here: http://www.technologyreview.com/featuredstory/535661/engineering-the-perfect-baby/

Related Posts

  • 52
    Meetings are such a fixture in our work lives that we constantly hear the same advice: have an agenda, keep it short, don’t invite too many people. However, despite the commonality of this well-meaning advice, research from Harvard suggests that half of all meetings are unproductive. http://99u.com/
    Tags: harvard, people, #longread
  • 51
    A few weeks ago David Carr profiled Kevin Kelly on page 1 of the New York Times Business section. He wrote that Kelly's pronouncements were "often both grandiose and correct." That’s a pretty good summary of Kevin Kelly's style and his prescience. http://www.edge.org/conversation/the-technium
    Tags: correct, #longread
  • 50
    Hayes has devoted the past fifteen years to studying atrazine, a widely used herbicide made by Syngenta. The company’s notes reveal that it struggled to make sense of him, and plotted ways to discredit him. http://www.newyorker.com/reporting/2014/02/10/140210fa_fact_aviv
    Tags: #longread
  • 50
    In Mike McQueary, some see a hero who brought down a monster. Others see a liar who railroaded a legend. At the upcoming trial that will close the book on the Jerry Sandusky scandal, Joe Paterno's former protégé will have the final word. http://espn.go.com/espn/feature/story/_/id/10542793/the-whistleblower-last-stand
    Tags: #longread
  • 49
    The public health danger posed by potentially pandemic-causing viruses escaping from laboratories has become the subject of considerable discussion, spurred by “gain of function” experiments. The ostensible goal of these experiments—in which researchers manipulate already-dangerous pathogens to create or increase communicability among humans—is to develop tools to monitor the natural…
    Tags: laboratory, create, #longread

Powerful money managers are saying some scary things about the world

Mad Hatter's Tea Party

 

A month or so ago, I was struck by Ray Dalio’s comments at Davos. He seemed fairly concerned and the major media outlets didn’t really pick it up.

“It’s the end of the supercycle. It’s the end of the great debt cycle.” -Ray Dalio

What does this mean? I think the simplest explanation is that over the past several decades we’ve gone from a nation of savers who paid cash for things including homes and cars to a nation of spenders who use debt like mortgages, car loans and credit cards to pay for things.

And it’s not just on the consumer level. It’s also happened at the corporate level.

“Corporate debt was $3.5 trillion– in 2007, arguably a period and– many would describe as bubbly. It’s 7 trillion now. So it’s gone from 3.5 trillion to 7 trillion. As you know, most of that mix has been in more highly leveraged stuff, Covenant-Lite loans– high yield, that’s where the majority of the rise has been. And if you look at corporations have been using it for, it’s all financial engineering.” -Stan Druckenmiller

Government debt has also grown to multiples of GDP around the world. But it can’t keep growing forever.

“In the past 20 to 30 years, credit has grown to such an extreme globally that debt levels and the ability to service that debt are at risk, relative to the private investment world. Why doesn’t the debt supercycle keep expanding? Because there are limits.” -Bill Gross

The debt boom over the past few decades has been a big economic stimulant. It reminds me of the steroids era in baseball. You take a great player, put him on the juice and he becomes a record-breaking home run machine.

ray dalioLarry Busacca/GettyRay Dalio

But what happens when he comes off the juice? Have you seen a picture of Mark McGuire or Sammy Sosa lately? They are shadows of their former selves. Now that rates are zero and everyone has borrowed as much as they possibly can debt is no longer the super-stimulant it once was.

“The process of lowering interest rates causing higher levels of debt, debt service and spending, I think is coming to an end.” – Ray Dalio

The steroid era is over. So what are the implications for the economy and the markets?

“The implications are much lower growth, less inflation, lower interest rates, and less profit growth.” -Bill Gross

These are all symptoms that we’ve already witnessed since the financial crisis, right? Slower economic growth has been partially masked by rising asset prices and the wealth effect. Slower profit growth has been masked by the “financial engineering” Druck mentioned above. But that doesn’t change the fact that we are now facing a post-steroid era for the economy.

“We brought consumption forward and issued one giant credit card for the past 30 years. Now the bill is coming due. Investors need to get used to low returns, and low growth, inflation, and interest rates for a long time.” -Bill Gross

Bill GrossJanusBill Gross

What’s probably most troublesome about the whole situation is that now that rates are zero or negative, debt levels have reached their maximum capacity and asset prices are already inflated (and spreads flattened), central banks no longer have the ability to ameliorate an economic slowdown by easing monetary policy.

“Central banks have largely lost their power to ease… We now have a situation in which we have largely no spreads and so as a result the transmission mechanism of monetary policy will be less effective. This is a big thing… So I worry on the downside ’cause the downside will come.” -Ray Dalio

With corporate debt levels twice what they were before the financial crisis, the covenants on much of that debt weaker than ever before and liquidity in the bond market disappearing, the next downturn could present a unique challenge for the Fed. And their traditional tool to address these sorts of challenges is now essentially impotent. No wonder Dalio is worried.

Read more: http://uk.businessinsider.com/dalio-druckenmiller-gross-warn-on-economy-2015-3?r=US#ixzz3Ta0pyIkh

Related Posts

  • 78
    https://www.youtube.com/watch?v=ZWz_Pln_uuI
    Tags: trading
  • 76
    http://www.swfinstitute.org/fund-rankings/
    Tags: trading
  • 75
    Forex: 10 Events to Watch Next Week In order of release 1. UK Consumer Price Index (Aug 19) 2. New Zealand Dairy Auction (Aug 19) 3. RBA Semi-Annual Testimony (Aug 19) 4. Bank of England Minutes (Aug 20) 5. FOMC Minutes (Aug 20) 6. HSBC China Manufacturing PMI Aug Flash…
    Tags: trading
  • 73
    Bill Gross’ spectacular fall from the top of the bond market has put tens of billions in play at a time when minuscule yields demand a fixed-income superstar. A brilliant, battle-scarred billionaire, Jeffrey Gundlach, stands ready to be coronated. Bond manager Jeffrey Gundlach is wearing a white T-shirt, faded blue…
    Tags: gross, trading
  • 71
    There are serie parallels between the stock market’s recent behavior and how it behaved right before the 1929 crash. That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market’s recent performance on top of a…
    Tags: trading

BIG MARKET NEWS WEEK 02 Mar 2015 – 06 Mar 2015

China Monday, March 2, 2015 02:45
CNY HSBC Manufacturing PMI (Feb)
United Kingdom Monday, March 2, 2015 10:30
GBP Markit Manufacturing PMI (Feb)
European Monetary Union Monday, March 2, 2015 11:00
EUR     Consumer Price Index – Core (YoY) (Feb)Preliminar
European Monetary Union Monday, March 2, 2015 11:00
EUR Consumer Price Index (YoY) (Feb)Preliminar
United States Monday, March 2, 2015 16:00
USD ISM Manufacturing PMI (Feb)
Australia Tuesday, March 3, 2015 01:30
AUD Building Permits (MoM) (Jan)
Australia Tuesday, March 3, 2015 05:30
AUD RBA Interest Rate Decision
Australia Tuesday, March 3, 2015 05:30
AUD RBA Rate Statement
Spain Tuesday, March 3, 2015 09:00
EUR Unemployment Change (Feb)
United Kingdom Tuesday, March 3, 2015 10:30
GBP PMI Construction (Feb)
Canada Tuesday, March 3, 2015 13:30
CAD Gross Domestic Product (MoM)
Canada Tuesday, March 3, 2015 14:30
CAD Gross Domestic Product Annualized (QoQ) (Q4)
New Zealand Tuesday, March 3, 2015 n/a
NZD GDT Price Index
Australia Wednesday, March 4, 2015 01:30
AUD Gross Domestic Product (QoQ) (Q4)
Australia Wednesday, March 4, 2015 01:30
AUD Gross Domestic Product (YoY) (Q4)
United States Wednesday, March 4, 2015 02:15
USD Fed’s Yellen Speech
United Kingdom Wednesday, March 4, 2015 10:30
GBP Markit Services PMI (Feb)
United States Wednesday, March 4, 2015 14:15
USD ADP Employment Change (Feb)
Canada Wednesday, March 4, 2015 16:00
CAD BoC Interest Rate Decision
Canada Wednesday, March 4, 2015 16:00
CAD BOC Rate Statement
United States Wednesday, March 4, 2015 16:00
USD ISM Non-Manufacturing PMI (Feb)
Australia Thursday, March 5, 2015 01:30
AUD Retail Sales s.a. (MoM) (Jan)
Australia Thursday, March 5, 2015 01:30
AUD Trade Balance (Jan)
United Kingdom Thursday, March 5, 2015 13:00
GBP BoE Interest Rate Decision
United Kingdom Thursday, March 5, 2015 13:00
GBP BoE Asset Purchase Facility
European Monetary Union Thursday, March 5, 2015 13:45
EUR ECB Interest Rate Decision
European Monetary Union Thursday, March 5, 2015 14:30
EUR ECB Monetary policy statement and press conference
United States Thursday, March 5, 2015 14:30
USD Initial Jobless Claims (Feb 27)
Canada Thursday, March 5, 2015 16:00
CAD Ivey Purchasing Managers Index s.a (Feb)
United Kingdom Friday, March 6, 2015 10:30
GBP Consumer Inflation Expectations
European Monetary Union Friday, March 6, 2015 11:00
EUR Gross Domestic Product s.a. (YoY) (Q4)
United States Friday, March 6, 2015 14:30
USD Nonfarm Payrolls (Feb)
United States Friday, March 6, 2015 14:30
USD Unemployment Rate (Feb)
United States Friday, March 6, 2015 14:30
USD Trade Balance (Jan)

Related Posts

  • 93
    China Tuesday, March 24, 2015 02:45 CNY     HSBC Manufacturing PMI (Mar)Preliminar Australia Tuesday, March 24, 2015 05:50   AUD RBA Assist Gov Edey Speech France Tuesday, March 24, 2015 09:00   EUR Markit Manufacturing PMI (Mar)Preliminar Germany Tuesday, March 24, 2015 09:30   EUR     Markit Manufacturing…
    Tags: march, united, feb, calendar
  • 86
    Japan Monday, Feb 16, 2015 00:50   JPY       Gross Domestic Product (QoQ) (Q4)Preliminar European Monetary Union Monday, Feb 16, 2015 24h   EUR Eurogroup meeting China    Monday, Feb 16, 2015 03:00   CNY New Loans (Jan) Australia    Tuesday, Feb 17, 2015 01:30   AUD RBA…
    Tags: feb, united, calendar
  • 84
    European Monetary Union Monday, March 16, 2015 19:45 EUR ECB President Draghi's Speech Australia Tuesday, March 17, 2015 01:30 AUD RBA Meeting's Minutes Japan Tuesday, March 17, 2015 n/a JPY BoJ Press Conference Japan Tuesday, March 17, 2015 n/a JPY     BoJ Monetary Policy Statement European Monetary Union Tuesday,…
    Tags: march, united, calendar
  • 77
    Germany Monday, Feb.23, 2015 10:00   EUR IFO - Business Climate (Feb) Germany Tuesday, Feb.24, 2015 08:00   EUR     Gross Domestic Product s.a (QoQ) (Q4) European Monetary Union Tuesday, Feb.24, 2015 11:00   EUR     Consumer Price Index - Core (YoY) (Jan) European Monetary Union Tuesday, Feb.24,…
    Tags: feb, united, calendar
  • 77
     Japan Sunday, June 8, 2014 23:50      JPY Gross Domestic Product (QoQ) (Q1)  Japan   Sunday, June 8, 2014 23:50   JPY Gross Domestic Product Annualized (Q1)   China    Tuesday, June 10, 2014 01:30       CNY Consumer Price Index (YoY) (May) United Kingdom   Tuesday, June 10,…
    Tags: united, calendar