For those of you who don't know, Gravity Summit describes itself as a "bridge" between social networking media and business leaders. Basically, it smacks business leaders upside the head and tells them to use Facebook, Twitter and all those other sites to help make money. We're not sure what kind of money MC Hammer makes these days, but he has amassed more than 1.3 million followers on Twitter.

Perhaps it's because of his reality show, perhaps it's because of his camp value — regardless, people are getting regular updates about his happenings. And he knows what that means: there has to be a way "to sell those people something." Indeed.

That's why we've compiled a list of seven famous people from all walks who would be well-advised to get their tweets in gear to sell something, reclaim their formerly glorious profile or simply satisfy our selfish desires.

First up, Pete Rose. The former coach of the Cincinnati Reds was banned from baseball for betting on his own team. Pretty shitty. And against the rules. There were rumors recently that the ban, which prevents him from Hall of Fame entry, would be lifted, but those rumors were put to rest by baseball commissioner Bud Selig. If Rose were to get himself online and sell himself to the masses — maybe, just maybe he can get back into America's good graces.

Remember Michael Alig? Alig, the club kid who became infamous for killing his drug dealer and hacking him into tiny little bits, used to know about all the trends. (And, more importantly, be known all over town.) If he could somehow convince prison officials to grant him internet access, Alig could get a tidy online following ahead of his scheduled March 2010 release.

Oh, Burt Reynolds. He was hot, then not, then hot again and now, well, he's appearing in Not Another Not Another Movie. Sad. Now, Burt actually has a twitter page, but it hasn't been updated since November 25, 2008. For shame! One of the keys to Twitter is regularity. Considering the inactivity in your career, we're sure you have time. Go forth and tweet!

Okay, let us explain: most of the people on this list are infamous for one reason or another. Jo Beth Williams, the star of Poltergeist I, its sequel, The Big Chill and many other wonderful movies, is not necessarily infamous. Nor is she as famous as she should be: the most recent thing in which we saw her was an E! special on horrific Hollywood murders, on which she discussed poor Dominique Dunne (Dominick's daughter, who was strangled by an estranged boyfriend). Yes, there are other projects, but there should be more!

Rather than focusing on regularity, she should instead use Twitter to spread her political and/or cultural views. We suggest she start with a memory from her former soap, the soon-to-be-late Guiding Light. Time it with the news, Williams, grab a small headline or two, and then start letting your tweet flag fly.

Joan Collins remains a household name, yes, but so does Burt Reynolds. We guarantee that if Ms. Collins were to start tweeting about her private life, which we assume remains quite titillating, she would be all over the gossip rags, where she belongs. Plus, we're sure this woman can think of something to hock.

Former New York Governor Eliot Spitzer pops up every once in a while to offer some thoughts on the current economic situation, but we know he loves the limelight. And Spitzer, who hired whores, as you know, would do well to get on Twitter and start offering pithy political opinions. If you do that, Spitzer, you'll be back on top in no time. Just stay away from Collins. She'll eat you alive.

Finally, Paul Reubens. The former "Pee Wee" has been working relatively steadily since getting out of prison and, in fact, has another Pee Wee movie set for a 2011 release. Regardless, "twitter" could be the magic word for him to claim a new fan base and ensure the world never forgets. Or, at least, remembers until the next person spouts out their 140 character musings.

Ullyot was a "member of the class of 1989," a Harvard employee told me, but he did not get his degree until 1990. He graduated magna cum laude, but the delay seems curious. Especially since Ullyot's dad, James Ullyot, is a prominent Harvard graduate himself, and is now president of the Harvard Alumni Association. Harvard, like all Ivy League colleges, strives to make room for influential graduates' children.

Even more curious: Ullyot was two classes behind Sandberg, who graduated — on time, as best we can tell — in 1991. But Sandberg's husband, former Yahoo executive Dave Goldberg, was in the class of '89 with Ullyot. Could that be the connection that landed him the job? If so, just more proof that Harvard connections pay off.

Played: A twin eunich [sic] with his brother in his high school play, "ON THE WAY TO THE FORUM."

Maybe the Waspy wantrepreneurs can use some of that money from the Facebook settlement to get started as producers in Hollywood. Tip next time they get pitched by a buddy from Harvard to fund his vanity short: It will be about as likely to make any money as it will be for Zuckerberg to publicly admit that he totally ripped you two off.

1. Mark and Eduardo made Facebook to get into a private Harvard club.

2. Before Facebook, they made a program called "FaceSmash."
(While this has been reported before, the story didn't mention Eduardo or the all-girl nature of the program.)

3. In high school, Mark got on an FBI list for accidentally hacking into a government site.

4. Mark and Eduardo lived a wild life, "dined with royalty" and "ate koala on the yacht of the CEO of Sun Microsystems."

5. Facebook was supposed to IPO this fall.
(Facebook has denied it will IPO this year, and to go public this fall they would have had to register by now.)

There are also some dubious claims:

Many facts seem off. While Sun co-founder Bill Joy has a famous eco-friendly yacht, any yacht owned by former CEO Scott McNealy or current CEO Jonathan Schwartz hasn't been mentioned in the news. Ten million users in two months is ludicrous; the site didn't spread virally from zero to nationwide but was launched by Zuckerberg for Harvard only, then to Ivy League schools, then to select colleges and eventually to all schools, companies, and finally the public.

Saverin has obviously told the story in a self-serving light, and Mezrich has indulged him because it makes a good narrative. Meanwhile Zuckerberg has sued Saverin, claiming "Saverin tried to hijack the company by freezing its bank account when Facebook desperately needed cash in its formative months," according to the magazine 02138. Saverin has counter-sued for a return on his initial investment. Because those billion-dollar figures Mezrich quotes are just predictions until the company actually sells.

The chairman never indicated that there would or would not be additional hearings, only indicated that there may be additional hearings. No decision has yet been made.

The Harvard hearing, a rare outside-the-Beltway event, ended disastrously for all involved. The hearing had many more attendees than were expected, with the room running out of space well before the hearing began. As a result, dozens of members of the public and opposition groups were refused entry. Comcast's ruse was detected when some of its fresh hires fell asleep.

The FCC will take no official action against Comcast over the held seats, but relocating the hearing to Stanford is punishment enough. Net-neutrality crusader Larry Lessig teaches there, and the Valley's Comcast-hating engineers may actually be provoked enough by the seatwarming episode to pry themselves away from their keyboards. And best of all: Stanford would get to one-up Harvard by showing it knows how to run a meeting.

(Photo by AP/Stephan Savoia)

After the Winklevosses brought charges against Zuckerberg for violating college rules, he responded in a letter:

Frankly, I'm kind of appalled that they're threatening me after the work I've done for them free of charge, but after dealing with a bunch of other groups with deep pockets and good legal connections including companies like Microsoft, I can't say I'm surprised. I try to shrug it off as a minor annoyance that whenever I do something successful, every capitalist out there wants a piece of the action.

Rising Sun, the 138-meter yacht: over $200 million

BMW Oracle yacht racing: unknown sum

Atherton estate: $25 million

Woodside estate: $200 million

Twelve properties in Malibu: over $180 million

Gulfstream V: $38-46 million

Harvard University donation: zip

Wealth of experience [IT Weekly]

Summers, of course, was pushed out of Harvard after he implied that girls aren't good at math and science.

"It's official," said Oracle spokesman Bob Wynne. "The reason is the relationship he had with Larry Summers who leaves this week. Larry Summers was the brainchild of this whole concept. With his departure, Larry reconsidered his decision."

Disregarding Mr. Wynne's word choice (surely brainchild is not the word he wants), this would make a fine excuse. Except that Ellison didn't bother mentioning his change of heart when Summers resigned in March, instead waiting until last week's media frenzy forced his hand.

Hey, when Larry Ellison is running late, time had better slow the hell down.

Ellison reneges on $115 million donation to Harvard [SFGate]
Earlier: Perks of being Ellison: Saying "fuck you" with a safari [Valleywag]

• Apple's iPod maker says the sweatshop story isn't true, and they've vaguely threatened a lawsuit over the claim, made by the UK's Daily Mail. Can we resolve this peacefully so the slaves can crank out more toys? [Apple Insider]
• Props to Gnomedex organizer Chris Pirillo for designing conference tees that we'd pay good cash for (pictured). [Pirillo.com]
• I was utterly remiss not to show you this classic 1998 rant about writing for Wired Magazine. [Boing Boing]
• The "Coolz0r" blog has so far catalogued 54 services using "Flickr"-style names. If anyone wants to use this as a hitlist, the blogger will not be held responsible. [Coolz0r]
• AOL knew it was shady back in 2000. Then again, so did everyone else. [CNNMoney]
• Larry Ellison officially admits — it's not about the sick kids, it's about his buddy at Harvard. Those expecting the Oracle founder's $115 million donation can suck it. More on this tomorrow. [SFGate]

Oracle investors sued Larry Ellison after he dumped $900 million in Oracle stock just before shares tanked. Larry scored a sweet settlement — just a promise to donate $100 million to charity. And now he's paid part of that.

But Larry's other beneficiary isn't so lucky. Harvard's still missing a promised $115 million from Larry — and he's given them a big "fuck you" by avoiding them since November. At one point, says the Boston Herald, Larry's people told Harvard he was away on safari.

Don't worry about those investors — Larry will pay that hundred mil. The problem is, Harvard never snagged a written promise from Larry. What was that quote about a verbal agreement?

Ellison settles suit with $100M gift but leaves Harvard hanging [Mercury News]
'He's away on safari' - Oracle chief's $115M never gets to Harvard [Boston Herald]

But 28 people at the Institute are now jobless, ten months after Ellison promised the money to pay them. While would-be Institute members at Harvard still express hope, Larry's spokespeople won't comment to the press. Which means that not only is Larry stiffing his beneficiaries — he's delivered them a big "fuck you."

Hey, it's not like the mogul is made of money. Those yacht payments take a big bite from the billionaire budget, and sometimes there's not enough left to feed the dog.

Er, sorry, feed the charity.

Harvard left in lurch Ellison over donation [MSNBC, who probably meant "over Ellison donation"]

I'm down here in Los Angeles, where the closest that we come to "Silicon Valley" is between the mountains of a wanna-be actress's chest, but MySpace representatives can be found this week on the campuses of MIT and Harvard trying to get some new recruits. From what I hear they have some deep pocket$$ to recruit (with Rupert's Money). I think that they are probably visiting Akamai also.