Will red tape hit Angel Investing in the US of A ?

I read with a sense of Deja Vu' this morning, the post in a few VC sites about the new "Dodd's Bill". I think this is going to impact the angel / incubation business very adversely in the Valley. While we folks in India are used to working with similar set of restrictions and have gotten used to this - not sure if the valley can support such levels of compliance. In short, we are going to say "goodbye" to back-of-the-napkin deals & termsheets.

There are 3 specific clauses to the bill :
     The bill would require startups raising funding to register with the Securities and Exchange Commission, and then wait 120 days for the SEC to review their filing.
     The bill raises the wealth requirements for an “accredited investor” who can invest in startups — if the bill passes, investors would need assets of more than $2.3 million (up from $1 million) or income of more than $450,000 (up from $250,000).
      The bill removes advantage of federal pre-emption allowing angel and venture financing in the United States to follow federal regulations, rather than face different rules between states.

Street Art : The Bangalore model is spreading !

I was in Chennai last week and was very pleased to note that some stretches of the roads are getting a set of street art (ala the paintings along roads in Bangalore). I saw some work on the Dr. Radhakrishnan Salai and it looked very nice :-)

I hope this is a model that gets replicated very quickly across all other Indian towns. It is certainly a welcome change to the numerous bills pasted on the walls. I'd rather look at the painting of a "pile" in a monument than an ad for "piles" !

My other fond hope is that these paintings do not get plastered with the various political posts / movie posters etc. Who knows - this may be the precursor to getting to a NO PAAN spitoon areas also ;-)

Moving Individuals to the cloud : Is this cirrus or nimbus ?

Just learnt that Google has announced public APIs for Google power meter.

What this does is allows individuals to setup on the cloud (google personal home) a ticker that will get a set of feeds from individual power meters. This feed allows individuals to track their power consumption. The question is - will this work ?

I guess it makes sense in those cases where the utility provides a feed directly to google / cloud. It also makes sense when devices start to get intelligent and transmit power info to the web - but, that IMHO is still a looong way off ?

So, why bother ?

I actually think that this is a neat way to get people to incorporate the "talk / transmit" capability into devices. Just like most telecom / IT equipment comes with a "call home" option, my guess is that the structure will allow for this to reach out on the web.

Will all these devices talking together make it a chatter ?
Hmmmm.......

_________Google Powermeter image from their website________