Ourmedia.org opens: Come on in, the media's fine! | Ourmedia

Share your videos, audio files, photos, text or software - for free - with a global community of creative individuals.

So I guess the idea is basically to have a central place for Open Content. I guess that the cost of operating a site like that will probably easily outdo the cost of running Wikipedia, so who is going to foot the bill?

[update]
As johnny points out in an email to me, the question with regards to footing the bill is answered in their FAQ:

Drupal, an open-source content management platform, has agreed to host the site for free through its Bryght hosted service. Other sites will also participate in this open registry, storing material on their servers. Most importantly, the Internet Archive has agreed to provide free storage space and free bandwidth for the media files published by our members — forever.

Which is quite a commitment. But I am sure that if need be, people probably also would be willing to donate for this service in a similar fashion as they did for Wikipedia. Amazing things are happening.

After a continuous flow of rumours by the Silicon Valley Watcher(s), it's finally official:

FlickrBlog: Yahoo actually does acquire Flickr

Congratulations - I am looking forward to seeing the results of this cooperation. Gee, it almost feels like the start of a new DotCom boom ;-)

In Feld Thoughts: The Torturous World of Powerpoint Brad Feld covers what he would like to see in a pitch for VC, based on his work at Mobius Venture Capital, apparently based on Chris Wand's thoughts).

In general, that seems to be a good list of items to focus on, if you are not just toying with some idea, but have an idea that requires serious capital investment.