ReadWriteWeb

Mark Twain said, "a lie is halfway around the world before the truth can get its boots on." The speed of putting on boots (if you wear them) hasn't changed much since Twain's day, but lies and misinformation are getting a serious boost out of the Internet. Consider the post about MongoDB that made it all over the Net this weekend thanks to being voted up on Hacker News.

In short, the anonymous Pastebin post slams MongoDB saying "I now feel a kind of social responsibility to deter people from banking their business on MongoDB" and then lists reasons why MongoDB is a bad choice. Sounds like typical HN front-page material, right?

Disclosure: I love Fred Wilson's blog. Union Square Ventures (USV) has invested in some amazing ventures that were far from obvious (i.e. they took risks), and they have invested in my friend Alex Iskold's venture. So, I am a fan. Hopefully, I was able to be a good journalist, restrain my enthusiasm, and ask Albert Wenger some good, probing questions. Read on and judge for yourself.

Union Square Ventures, the VC shop that funded Del.icio.us, FeedBurner, Etsy and Twitter, has placed its latest bet in the clouds. Cloud computing service 10gen has taken $1.5 million from the high profile early investors, both the fund and the company announced today.

Most interesting perhaps is that the service is entirely open source, offering anyone a full copy of all its source code. Customers will pay for hosting, a Service Level Agreement and customer service. Today 10gen compares itself to Google App Engine and offers hosting for server side Javascript and Ruby.