The Big Three That’s *Not* Asking for Money and Why They Should Go to Washington Instead.

All day long we’ve been hearing about two different sets of The Big Three.

There’s The Big Three from Detroit, now jetless and nibbling on humble pie as they carpool it to Washington armed with their freshly minted ’strategic’ plans so they can continue to troll for trillions.

Then there’s The Big Three from California, who in heated competition, each released new technology that’s projected to generate some hefty revenue.

An excerpt from today’s Seeking Alpha:

The three horse race between Facebook, Google, and MySpace to achieve dominance in the internet identity space doesn’t appear to be letting up any. It isn’t a mere coincidence that both Facebook and Google have announced their public launches on the same day; both are struggling to establish themselves as the de facto standard for both developers and end users. MySpace managed to beat out both Facebook and Google months ago when it publicly launched its service.

Which is why I wholeheartedly agree with the mavericky (and oddly charged) Mark Cuban who declared mere days after the Election that Obama had made his 1st big mistake.

Unfortunately, the economic advisory team that he has put together looks more like a semester’s worth of great guest speakers for an MBA class than an economic advisory team that can truly help him.

There are a lot of great minds on the list.

“Robert Rubin, Larry Summers, Laura Tyson, who served as Clinton’s top economic adviser; former Fed Vice Chairman Roger Ferguson; Time Warner Inc. Chairman Richard Parsons; former Securities and Exchange Commission chairman William Donaldson and Xerox Corp. Chief Executive Officer Anne Mulcahy.

Google Inc. CEO Eric Schmidt, Michigan Governor Jennifer Granholm and Roel Campos, an ex-SEC commissioner, and Warren Buffett are also on the advisory board.”

Notice anything missing ?

Not a single entrepreneur. Yes Warren Buffett started a business, but he will be the first to tell you that he “doesn’t do start ups”. Which means there isn’t a single person advising PE Obama that we know of that knows that its like to start and run a business in this or any economic climate. That’s a huge problem.

So here we are in the midst of a (insert scary word), (insert scarier word) recession, with the media convincing us that we all should be cowed and question ‘the American way’, and yet these Big Three geeks are still scrapping in the schoolyard to beat each other to the punch. Silicon Valley and its neighbors to the South practice a quirky version of spiritual capitalism, worshipping gamesmanship and brainpower, and it’s this bootstrapping version of business that needs to be well represented in Washington as President Elect Obama assembles his economic team.

Certainly, the man who used social media to the max in his winning campaign has to include brainiacs beyond academics, politicians and big business, yes?

Guru’s Note: Thankfully, Eric Schmidt of Google is on board, although has reportedly turned down the first-ever office of CTO.

Y Combinator Looking For Female Entrepreneurs. Deadline October 17!

Lili Balfour of Atelier Partners gave me the heads up this morning on a great opportunity: Y Combinator is looking for female entrepreneurs.

Here’s the link — http://www.christine.net/2008/10/mentoring-women-for-the-next-y-combinator-1017-deadline.html

The deadline for the west coast cycle is this Friday the 17th. However, if you know a female entrepreneur on either coast, please forward along to them.

C’mon, social networks, let’s get this out there.