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This WSJ editorial on Muhammadu Buhari, the newly elected president of Nigeria, welcomes the peaceful transition to a new government in Nigeria. This comes at a time when Nigeria faces a crisis, with the Boko Haram insurgency in the north east and the decline in oil revenues, compounding the worsening economic troubles from corruption and failure to build infrastructure. It also reminds readers about Buhari's role as military dictator for 20 months in the 1980's, and the need for a peaceful transition in four years if he fails to deliver on promises.

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Experts point to several factors favoring a lawsuit by the EU against Google. Google's dominance in Europe is higher than in the U.S., with Google used for 90% of web searches in Europe. The case is easier to build in Europe because the EU commission acts as prosecutor, and EU judges in Luxembourg rarely overturn the commission's major decisions. The EU competition commissioner, Margrethe Vestager, who took office in Nov.1, 2014, sees the need to give smaller internet companies room to compete with Google as a definite priority. She favors setting a legal precedent through a formal court process, and says that "citizens and companies should see that we are willing to go to court if that is the right thing to do."

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Carolynn Levy of Y Combinator, a Silicon Valley accelerator that helped such startups ar Airbnb and Dropbox get started, has come up with a way that makes it easier for founders to get early stage funding. This is the 5 page Simple Agreement for Future Equity which she developed in December 2013. So far 274 startups have been financed in this way. Levy says the idea is to make angels investors, not lenders, as this is what promising startups need. Another advantage is the simplicity of the document which one expert describes as easy to understand, and really making the founder experience a positive one. The significant advantage is that it is not a convertible note that accrues debt and interest- the investor who is willing to take the risk gets a promise of future equity when the company goes into a funding round, acqusition or some other liquidity event. If this does'nt happen or the company liquidates the investor gets nothing. A Boston internet startup, Drafted, used SAFE for $500,000 in investor funding....