Former FCC Chair & Team Working on a New Energy Bill

Former FCC Chairman, turned green policy advocate, Reed Hundt tells us in an interview this week that he, along with John Podesta’s Center for American and Al Gore’s Alliance for Climate Protection, is beginning a project to draft an energy bill for the next Congress.

Former FCC Chairman Reed Hundt’s Latest Act: Green Policy

PALM SPRINGS, CALIF. — Reed Hundt is widely known for being the first chairman of the Federal Communications Commission to lead a spectrum auction, setting the stage for the modern U.S. wireless industry. He’s also known in geekier circles for his entrepreneurial endeavors like co-founding Frontline Wireless, a company that once had a plan to bid on freed up spectrum from analog TVs, and co-founding communications company Sigma Networks during the height of the optical networking bubble. Now the former attorney, who boasts Al Gore and Bill Clinton as childhood friends, is having a go at his third act: green policy advocate.
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App Review: Daniel X — Clichéd Alien Hunters Don’t Come Cheap

title=Daniel X
Increasingly, geeky pasttimes are seeping into the mainstream. Like creatures in a Neil Gaiman story, the boundary between the dimension of the fantastical and the land of the normal is blurring. And with that blur, faithful adaptations of heroes and villains have made the leap to the world of movies.
That means that in addition to Spider-Man, regular folk are suddenly familiar with the likes of Dr. Manhattan, Coraline and Hellboy. What’s more, graphic novels are showing up on our iPhone screens. Scrollmotion’s latest app, Daniel X, brings to us the adventures of a teenage alien hunter with a vivid imagination. Read More about App Review: Daniel X — Clichéd Alien Hunters Don’t Come Cheap

Why There Won’t Be Broadband Competition Anytime Soon

When it comes to the fixed-line Internet, the FCC would like you to believe that wireless broadband is going to be the answer, perhaps through schemes such as the D Block auction, spectrum grabs by M2Z Networks and white space initiatives. If you believe that, then you also believe that that you can walk away a winner from a game of three-card monte on a Manhattan sidewalk.

F|R: 5 Reasons to Go All Angel à la Lookery

This week, Lookery, the ad network launched last July to serve über-cheap ads into Facebook applications, has announced a new $2.25 million round of funding. It’s a nice sum for the 14-month-old startup, which now sends Facebook some 3 billion ads a month, according to Lookery’s CEO, Scott Rafer.

But here’s what’s really interesting: Rafer and his cofounder, David Cancel, elected to raise the money almost entirely from angels, forgoing the traditional venture capital most companies would pursue at this stage. This is Lookery’s second funding event. In January, it raised a $1 million note, which converts to equity given in this deal.

The participant list is heady, including founder Marc Benioff; Reed Hundt; Tickle founders James Currier and Stan Chudnovsky; and’s Scott Kurnit. There are some notable VCs in the deal, too, but they’re participating individually, not with their firms: Ted Dintersmith, late of Charles River Ventures; Ravi Mhatre of Lightspeed; and Allen Morgan, of the Mayfield Fund, who is also a Lookery director.

Serial founders with good track records, Rafer (MyBlogLog) and Cancel ( could have gone after marquee venture firms if they’d want to, but the pair has specific reasons for favoring angels. After the jump, Rafer explains why other founders ought to consider doing the same. Read More about F|R: 5 Reasons to Go All Angel à la Lookery

Frontline Out of 700 MHz Auction

Frontline Wireless is apparently out of the 700 MHz auction, according to reports from RCR Wireless and the New York Times, as well as an email note from our telecom analyst pals at Stifel, Nicolaus. According to the reports, the startup, which counted former FCC chairman Reed Hundt and VC John Doerr among its backers, apparently couldn’t raise enough money for the deposit required to participate in the upcoming auction.
The quick take: Good news for incumbents Verizon and AT&T, who no longer have to bid against Frontline for spectrum. Some might say Frontline’s fate was sealed this summer when the FCC issued rules for the auction that didn’t quite mesh with Frontline’s plans. Others, like the Stifel, Nicolaus gang (whose research is primarily targeted at large investors), note that it is neither easy nor cheap to build new national networks, and of course, there is no guarantee of profitability.
Because of “quiet period” rules governing entities participating in the auction, Hundt said he could not talk about the matter when contacted via email.
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