Hackers' New iTunes Scheme Uses Developers and Hacked Gift Cards
I wrote earlier that Chinese hackers had managed to crack the iTunes gift card algorithm, meaning that they could create fake gift cards with impunity. The problem for them is, there are so many hackers producing gift cards they can only get about $2 for a $200 card. Thus, they've had to come up with a new scheme.
Value Added: Start-Up Clarabridge Takes the Capital and Scores
Ted Leonsis a few years back provided the best description of venture capital that I ever heard.