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Steve Case: Entrepreneurs are American heroes

“Entrepreneurship is how America became great,” Case said. “The good news is that we’re still the most entrepreneurial nation in the world. The bad news is that all the other countries are trying to catch us.”

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AOL shuttering resume site Emurse on July 15

Emurse, a company in the increasingly hot recruiting and job search industry, is being shuttered by AOL. AOL bought the online resume site in mid 2009, but has done effectively nothing with the service, and now as part of the company’s increasing attempts to narrowly focus where it can add value, is shutting it down.

Patch Editor-in-Chief leaving AOL

Patch editor-in-chief Brian Farnham announced today he is leaving the network of hyper-local news and its parent-company AOL. The news was revealed in an all-company call and Farnham let it all hang out on the Patch Blog.

AOL sells most of its patents to Microsoft for $1B, goosing its stock price 43%

Update 2 p.m. Pacific: AOL stock closed up 43 percent for the day. News hit the wires this morning that AOL plans to sell 800 of its 1,100 patents to Microsoft for $1 billion in cash, money CEO Tim Armstrong says will be used to repay AOL shareholders. This one-time transaction also grants Microsoft a non-exclusive license to to the 300 remaining patents, which cover key technologies such as advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security.

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IAC replaces Vimeo CEO with former AOL exec Kerry Trainor

IAC-owned video-sharing-site Vimeo has appointed former AOL and Yahoo executive Kerry Trainor to chief executive officer, the company announced Monday morning. Trainor will replace Dae Mellencamp, who will continue working at the company as President.

Crunch time at TechCrunch: Site has lost 35% of its traffic since September

There wasn’t much explanation given yesterday when TechCrunch editor-in-chief Erick Schonfeld stepped down. But a scoop from PaidContent this afternoon reveals why AOL might have been looking to shake things up. Traffic has fallen almost 35% since founder Mike Arrington left and Schonfeld took over in September of 2011.

A 1-star review of Yelp’s advertiser agreement

Yelp’s advertiser agreement combines some of the worst elements of Yellow Pages, Aol and cell phone agreements. As with many such agreements, it’s very lopsided in Yelp’s favor. (See my analysis of the similarly lopsided Groupon merchant agreement.)

Which anti-SOPA game companies are fighting back, and how

The Stop Online Piracy Act (SOPA) and Protect IP Act (PIPA) have definitely gotten the Internet’s attention, but not in the good Elmo orders Taco Bell sort of way. This is more like Rebecca Black announcing she’s obtained the license to the entire library of The Beatles music.