This includes widget tools to help promote your mobile channel on-line with such features as “send-to-mobile,” and the Transpera Syndication Framework which allows you to easily integrate your mobile video content and advertising with virtually any mobile distribution partner including carriers.

Last week, I was able speak with Fitbit CEO James Park on everything from how the idea from the company got started (James was an early Wii Sports adopter) to privacy, 2.4Ghz wireless radio, accelerometer chips and bay stations. Finally, James mentioned how Fitness Trainers are interested in the API and James gives good advice on weathering the economic storm.

The interview is a little over 10 minutes long and is a good listen, even if you know nothing about fitness. James promised a follow-up in Q1 after Fitbit launches. In the meantime, we'll just have to start counting calories right after Thanksgiving...

"William Quigley is a managing director at Clearstone Venture Partners. During his first two-and-a-half years with the firm, he worked out of the idealab! incubator and helped launch and lead investments in many idealab! backed companies including Homepage.com, FreePC, FreeMusic.com and Paymybills.com.

William’s current portfolio reflects his belief in the enormous opportunity in the wireless consumer and enterprise markets (AOptix, SoonR, Meru Networks, Novariant).   He is also focused on emerging companies offering managed services in the enterprise and consumer sectors (Communicado, Spock Networks).   William is a member of the board of directors of AOptix Technologies, Communicado, Meru Networks, Novariant, SoonR and Spock.com.

William joined Clearstone from Mid-Atlantic Venture Funds, where he invested in early- stage communications companies targeting the software, equipment and service sectors. At MAVF, he was responsible for investments in Integrated Chipware, a real time embedded OS developer, Wisor Telecom, an OSS vendor to telecom service providers and NexTone Communications, a manufacturer of voice over IP equipment.

William received his MBA, with distinction, from Harvard Business School, and holds a BS in Accounting, with honors, from the University of Southern California."

William goes into the mobile advertising space and what he views the future will be.  He also goes into what he personally feels about the future of iphone and mobile video.

Allowing the children to embrace the internet and all of its web 2.0 activities in a safe environment will hopefully teach them proper net-behavior in their adult life.

Calacanis also dropped some highly anticipated info on the future of Mahalo and how the economic crisis has affected the state of his company.  Being an outsider of Mahalo, Patatian provided his opinion on how individuals should react considering the market’s current state.  He advised that investments are cyclical, there will always be new leadership in the market, and a new sector will always emerge.  It is a phrase coined "From Rubble to Bubble." The seeds of the current economic crisis were sown from the last economic boom, and right now the seeds for the next expansion are being planted. For an investor, they key is to look ahead, not look back.

Towards the end, a question came from the audience asking about the 2009 forecast and if there are any bright verticals or mini-niches to be on the watch for.  Patatian jokingly commented on how people are taking their money out of mutual funds and putting it away in safes.  It is a sector that is booming and they cannot keep enough inventory in stock.  Calacanis recommended investing in yourself.  For example, if you are a PHP developer, invest in becoming a better one. 

In conclusion, look to the future, and if all else fails, invest in a safe.

To view the rest of "The Economy and You" hit the Jump.