Archive for the ‘Business’ Category

Houston, we have liftoff!

StartupWeekend, an idea that originated with Andrew Hyde in Boulder, Colorado has reached the Bayou City. StartupWeekend Houston kicked off Friday at Stag’s Head Pub and has continued nearly nonstop through the entire weekend at the offices of The Method Agency.

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The goal of creating a company from idea to launch over the course of a weekend has resulted in a company called TipDish.

TipDish is the online directory and distribution service that connects companies, organizations, PR and Marketing Professionals with the leaders and influencers in social media (bloggers, podcasters, viral video producers, etc.) Social media influencers (dishers) are encouraged to register their blog, podcast or videocast for free, including their specific and preferred topics, products and communication practices. Tippers will receive a list of specific dishers who looked at their information and another on the results of the campaign.

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At the end of the weekend, the core of roughly 25 Houstonians will not only have created a new company, but will own founder’s share of stock in the enterprise.

Ken Lay’s widow trying to hold onto $12.7 million in assets

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Linda Lay, the widow of Enron Corporation’s founder Ken Lay, is asking a U.S. District judge to throw out a civil action by the government in order to prevent seizure of nearly $13 million dollars in assets. The three things prosecutors are trying to seize are (1) $2.5 million of the value of the couple’s condominium in Houston, (2) $10 million from a partnership named for both the Lays, (3) almost $23,000 in a bank account.

Although Ken Lay was convicted in May 2006 on 10 counts of fraud, conspiracy and lying to banks in two separate cases, Judge Lake dismissed the convictions after Lay’s death in July of 2006. Ken Lay left all of his assets to his wife who is now trying to protect them with the argument that the government doesn’t have any basis to seize her assets.

Houston Chronicle reporter Kristen Hays writes “The government contends Ken Lay gained $99 million from criminal activity, mostly from repaying Enron loans with company stock throughout 2001 when the company was in financial turmoil. Prosecutors say they can trace and therefore recover more than $12 million of the allegedly ill-gotten gains.” The article can be found here.

In my humble opinion, the whole family is crooked and should try to cleanse their karma by giving away the money that destroyed countless retirement and college funds.

Rick’s Cabaret takes over the world!

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Rick’s Cabaret is taking its ‘upscale gentleman’s clubs’ to Buenos Aires, Argentina and other Latin American cities.

What does this mean for you? Next time you’re getting freaky-freaky down South (of the equator that is), you have a familiar place to relax and enjoy some wholesome entertainment. Who needs El Carnaval when you could be looking for the next Argentinian Anna Nicole?

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