Updates from June, 2009 Hide threads | Keyboard Shortcuts

  • Power of Passed Links 

    epigonic 8:26 pm on June 18, 2009 Permalink | Log in to leave a Comment

    Fred Wilson, a VC and blogger and investor in Twitter, talks about the power of Twitter to drive traffic.

    more about “Powere of Passed Links“, posted with vodpod

    He says that among their portfolio companies, traffic from Twitter and Facebook is now about 20% the amount of traffic driven by Google; that it is growing about 3-40% per month; and that if that growth rate continues, Facebook and Twitter will drive more traffic to their portfolio companies (excluding Twitter, obviously) than Google within a year or two.

    As I wrote two months ago, I get that the potential for traffic growth is very attractive. The question for me remains is there some fundamental benefit that will allow this to happen, or are we just seeing a bubble inflate right now:

    So why the hype? Traffic. People — bloggers especially, those in Silicon Valley or the tech industry even more particularly — have realized that Twittering can send traffic.  This is why Jason Calacanis offered $250,000 for one of the 20 recommended user slots on Twitter.  It’s why so many top twitterers include links in their tweets, usually to their own properties. And why so many in the SEO/SEM business have flocked to use Twitter.

    So it’s all good, right? Twitter is the new Google, a new fountain of traffic for web properties? That depends on how you look at it, and whether you think Twitter provides some essential, fundamental value. If you question whether it provides much value other than the potential to drive you traffic, the Florida real estate cum ponzi scheme analogy goes like this: people are flocking to Twitter mostly because they believe it has the potential to drive traffic, and as long as people flock in that perception is fulfilled.

    The problems start occuring when the growth slows down, or stops.

    And this movie, we’ve seen it before. Digg and Facebook got the same (ok, not quite the same) levels of hype in their days of ascendancy, for the same reasons. People thought they could be tamed, harnessed, used as traffic hoses. As growth (or the perception of growth) in traffic from those services decreased, so to did the hype attendant on them decrease, at least among the digerati. But unlike Twitter, one could argue Facebook, and to a lesser extent Digg, provided some more meaningful, underlying value to their end users.

    I still think that the jury is out.

     
  • Del.icio.us for Video? Yes, We Have That 

    epigonic 1:27 am on June 16, 2009 Permalink | Log in to leave a Comment

    I like Fred Wilson’s blog. Read it regularly. Also follow him on Twitter.

    On Friday, Fred posted an interview with Robert Scoble where he asked for a “del.icio.us for video.”  Real-time maven that I am, I would have seen Fred’s note, it would have caught my attention, and I would have tweeted him right away. For I know of such a service!

    But, very happily for me, I was very off the grid for three days here:

    Picture 7

    Now I’m back, refreshed, and should update the record. Del.icio.us for video? Already done.  Called Vodpod. Been around for over 2 years. And indeed already pretty popular! You can see my video bookmarks on the right. Heck, you can even watch them there!

    Vodpod:

    • Provides a handy browser bookmarklet (or extension if you prefer) so you can bookmark a video from any site that offers Flash video + an embed code (9500+ sites and counting)
    • Makes it easy to share the videos you bookmark in an infinite number of ways through our widgets, RSS feeds, API, hosted video sites, applications for Facebook and Twitter and FriendFeed, and more
    • Normalizes the video playback across thousands of different Flash player types, with consistent sizing and handling of auto-play (as best we can, anyway)
    • Makes lovely thumbnails for the videos you collect
    • Provides handy Flickr-like organizer, so you can order your collection as it grows

    And more. The team gets an A for building an awesome service; I get a more critical mark when it comes to evangelizing the product among the technorati.

    So @Fred — check it out! It’ll even work on your Boxee:-)

     
    • Daddio 5:50 pm on November 8, 2009 Permalink | Log in to Reply

      Hi Mark
      I’ve just started using Vodpod and have a very simple question. For now I’m using the “post to wordpress” button via Firefox. When I post videos it works GREAT, except for the fact that they ALL default to auto-play. Is there a setting for that? Or do I need to install the widget for that kind of control?

      Thanks!
      John in Valencia, CA

  • Matt of WordPress: Blogs Dead? No. 

    epigonic 4:35 am on April 24, 2009 Permalink | Log in to leave a Comment

    Found this writeup of a conversation between Andrew Keen and Matt Mullenweg via Matt’s blog (so I assume he endorses this quote):

    “Blogs will become aggregation points,” the shamefully youthful, soft-spoken Mullenweg explained, as he mapped out the future of blogging for me between bites of Dutch smoked salmon. “They will become our personal hub. Places where we store all our personal media content such as our flickr photos and Twitter posts.”

    That’s a vision we buy into at Vodpod.

    When we launched Vodpod 28 months ago, we started by offering cool, simple widgets that let you put your favorite videos in an interactive gallery on your blog.  We’ve expanded the array of tools for bloggers since then; some bloggers have built entire sites using our API.

    We’re big believers in both blogs, and bloggers.  If they were stocks, we’d be long. That hasn’t changed, our belief hasn’t wavered these past two years, despite the hype give to other platforms.

    We have some very interesting things up our sleeves for the blogging community. Stay tuned.

     
  • Why We Tweet: A Theory 

    epigonic 9:12 pm on April 18, 2009 Permalink | Log in to leave a Comment

    In my last post here, I suggested that Twitter-cum-phenomenon was starting to feel like the Florida real estate market circa 2005 (hype growth of the service far outstripping the substantive value it provides). Given that Oprah focused her show on Twitter yesterday, I thought I should follow up that last post by trying to unpack the riddle of Twitter’s appeal.

    Dave Winer wrote this on Scripting.com earlier in the week:

    I read Farhad Manjoo’s piece in Slate about Twitter. It’s the best of a class of commentary that says that Twitter is something you can skip if you aren’t interested in periodic 140-character reports on mundane people’s lives. As I read the piece it made sense, so I was left wondering why I was and still am attracted to Twitter and use it, daily.

    I set up my first Twitter account (one of 5-6) back in September 2006. It had just launched, but geeks here in San Francisco were talking and blogging about it. I have been an on, then off, then on-again Twitterer, and have asked the same question regularly: “Why am I here? What am I really getting out of this?”

    ************************

    The Twitter team’s web craft (by that, I mean the art of building a seductive and usable service) was what initially attracted me. It has always been a joy to use and is impressively made, in a million very subtle ways.  Understanding what they’ve done well I think helps us to understand the appeal the service has had, even when so many of us have so often said: “I don’t get it.”

    Here are the things I’ve particularly admired as a fellow web crafter:

    1. Asynchronous Following

    At the time Twitter launched, the canonical social media approach was “friending” — a reciprocal relationship. Myspace, Flickr, Facebook, and dozens of other imitative social networks required (and still require, in many cases) this form of relationship. The requirement of reciprocity can feel restrictive, confining, claustrophobic and artificial all at once. Twitter picked the lock on this — first, with a hybridized approach of “friending” and “following” (like subscribing to a blog feed, but in a way that feels much more personal), and then abandoned “friending” altogether.

    Asynchronous following allowed Twitter to become a publishing platform, but with the ease and intimacy of a communications service. Celebrities and others could use Twitter to broadcast to their fans and followers, with hardly any effort at all.  Ashton Kutcher can have over a million followers because there is no reciprocity — he doesn’t have to follow them back. And it has allowed those 1 million + Twitterers who follow Kutcher get to indulge in one of the web’s guilty pleasures — lurking and stalking, with a crafty and weird combination of both anonymity (“I’m one of a million, Ashton can’t tell I read that Tweet”) and intimacy (“I’m listed as one of Ashton’s followers!”).

    2.  Ease-of-use and the 140-Character Limit

    Novelists often talk about the tyranny of a blank piece of paper. That same terror probably keeps blogging from becoming a more popular. Writing is damned hard, it takes time and effort, you have to be committed. Twitter, by sticking hard to the 140-character limit in order to inter-operate with SMS, instantly solved that problem (I don’t think that was a lucky accident; after all Ev and Biz built blogger and saw first-hand the hurdles in front of bloggers).

    Suddenly you could publish publicly on the web with less effort than it takes to write an e-mail. The short-form limitation took the pressure off, and leveled the playing field. Yeats, were he on Twitter, wouldn’t necessarily Tweet better than you or I.

    3. The Feeling That You’re Not Alone

    Last — and for me, by far, most crucially and impressively — were the simple ways the Twitter team visually articulated the notion of “following” on Twitter.  The co-mingling of Tweets you write with those from people you follow was an absolute stroke of genius. It gives the appearance — an illusion, perhaps — that someone is out there paying attention.

    It’s instructive to think about this in comparison to blogging. I am typing this post from my very trusty and capable WordPress.com dashboard. To my left and my right are every command and tool I might need as a publisher. But when I hit the publish button, I’ve not a clue that anyone will read this. It goes out to the ether, to a WordPress.com server, and then sits inert in the form of a web page that may or may not ever be seen.

    Contrast that to Twitter. Whether I’m writing a Tweet from a client like Tweetdeck or Twhirl, or Twitter.com, not a publishing tool in sight. But I’m surrounded by people. Tweets from people I follow. As soon as I hit enter, my tweet is right there in the stream. I know, intuitively, that people will probably read my Tweet; after all, staring me in the face are short messages from the people I follow. Maybe a few of my 300-odd followers will read what I’ve had to say.

    I hadn’t thought about the contrast with the actual act and process of blogging until this past week. And, in the end, this contrast solves the riddle for me.

    This UI, and the publishing mechanics of Twitter, are not technical innovations; they are psychological ones.  They give you the visceral feeling that someone out there is listening, that someone is paying attention to you.  Inventions from the community — like the use of “@” for replies, and retweets, have simply reinforced all that.

    You don’t get that from blogging –  the notion of an audience feels more abstract; your readers more distant; the perception that you are being heard more attenuated.

    ************************

    In the end, we’re left with a paradox or two. The act of Twittering  sustains — people Tweet because it’s easy, and it gives them the appearance someone is out there, listening. But the substantive value of these Tweets for readers is at best debatable.

    The act of blogging feels isolated, silo’d, lonely even — at least compared to Twitter. But the substantive results from blogging can be impressive, useful, even life-changing for the reader.

    UPDATE: Virginia Heffernan has an interesting take on Twitter in tomorrow’s NY Times magazine.

     
  • On Florida Real Estate, Ponzi Schemes and Twitter 

    epigonic 9:37 pm on April 6, 2009 Permalink | Log in to leave a Comment

    Back in early February (2009), there was a very worth piece by George Packer in the New Yorker titled “The Ponzi State” (it’s behind a registration wall, I’m sad to report). The gist of Packer’s piece was that economic growth in Florida required a constant influx of new people.  With very few underlying industries or major businesses, many in the state made their living selling houses or building them.  As long as there was a constant influx of new people with money in their pockets to buy those houses, everyone was happy. House prices went up, more people moved to Florida to buy houses thinking prices would continue to go up, many of them got jobs selling or building more new houses, and so on.

    Then everything came crashing down in 2007. Without that constant influx of new people, turns out there was no “there, there.”

    That article has been rumbling around the back of my head as I’ve watched the hyper-explosion of Twitter the past couple of months. I’ve been wondering: is Twitter’s growth driven by some underlying fundamental benefit it provides? Or, is it like Florida — dependent on a constant influx of new people to the service? And if the latter, what happens when the growth peters out? Is all this growth and hype just inflating a big “Twitter Bubble?”

    I think the answer is yes. And I realize that writing this is complete and utter heresy in the current moment. Hear me out.

    I admire Twitter as web craft. It is very, very nicely made. But in general, how much value does a series of 140-character messages really provide? Go look at the feeds for any of the top 100 or 200 Twitterers. How much value is really there? Look hard at your feed for a day — how essential was it to get those Tweets in real-time, really?

    At the very, very best, I think you have to conclude the jury is out.  At the very worst, it’s a big, stinking, very perishable pile of inanity — mostly crap, with a very short shelf-life.

    So why the hype? Traffic. People — bloggers especially, those in Silicon Valley or the tech industry even more particularly — have realized that Twittering can send traffic.  This is why Jason Calacanis offered $250,000 for one of the 20 recommended user slots on Twitter.  It’s why so many top twitterers include links in their tweets, usually to their own properties. And why so many in the SEO/SEM business have flocked to use Twitter.

    So it’s all good, right? Twitter is the new Google, a new fountain of traffic for web properties? That depends on how you look at it, and whether you think Twitter provides some essential, fundamental value. If you question whether it provides much value other than the potential to drive you traffic, the Florida real estate cum ponzi scheme analogy goes like this: people are flocking to Twitter mostly because they believe it has the potential to drive traffic, and as long as people flock in that perception is fulfilled.

    The problems start occuring when the growth slows down, or stops.

    And this movie, we’ve seen it before. Digg and Facebook got the same (ok, not quite the same) levels of hype in their days of ascendancy, for the same reasons. People thought they could be tamed, harnessed, used as traffic hoses. As growth (or the perception of growth) in traffic from those services decreased, so to did the hype attendant on them decrease, at least among the digerati. But unlike Twitter, one could argue Facebook, and to a lesser extent Digg, provided some more meaningful, underlying value to their end users.

    In short, I think it’s arguable there is a Twitter bubble now, just as there was Florida real estate bubble in the early 2000s. It’s being propped up by perception of future, unending growth. A lot of people joining because they believe in the dream — that they can gain a lot of followers, and turn those followers into dependable “viewers” or “buyers” or “believers” or whatever.  And instead of real estate agents, we have “social media consultants,” SEO folks, web designers, entrepreneurs, politicians, and celebrities pitching themselves, or their links. In short, it’s a few million people furiously on the make.

    That’s not to say Twitter is worthless, that it has no value. The value is exactly what you’d expect a steady diet of 140-character messages would provide.

    Rather, just like Florida real estate at the height of the bubble (and Facebook two years ago), the value is a lot less than we currently perceive. It’s not the next Google. Heck, it’s not even the next YouTube (a company, it turns out, that was underhyped!).

    And that the crash might be a hard one.

     
  • Time to Say Goodbye to the Serial Entrepreneur 

    epigonic 11:53 pm on March 7, 2009 Permalink | Log in to leave a Comment

    One of the most over-rated terms in the Silicon Valley lexicon is “Serial Entrepreneur.”

    For the uninitiated just visiting Epigonic, the term refers to those entrepreneurs who form, then flip, startup after startup. They are worshipped, especially, by Silicon Valley denizens; seen as safe hands who can produce a steady stream of singles, doubles, and the occasional triple.

    But they don’t, generally speaking, create lasting, durable companies. Hewlett, Packard, Moore, Groves, Gates, Jobs, Ellison, Brin and Page — these were not serial entrepreneurs (yes, Jobs did found Next and helped create Pixar, but only because he was forced out of his beloved Apple for a decade).

    And if we’re to get out of this crisis, we need more entrepreneurs like that. Ones who can create jobs, at lasting and durable companies. Most startups that get flipped might enrich its founders and investors, but otherwise add little to society.  Name me the start up launched by a serial entrepreneur that still has value, relevance, and strength?

    I can only think of one — PayPal. Jury is still out on Skype. I think YouTube will still likely be very, very large and important and relevant in 5-10 years, perhaps it will get added to the list.

    Let’s be honest, most startup acquisitions end up being utter failures for everyone but the founders and the investors. The founders, newly enriched, quickly lose their focus and zeal, and the once innovative startup just becomes another cog in the bureaucratic machine. Employees at the acquirer are often resentful of these newly enriched founders, and go out of their way not to cooperate in making the acquisition a success. The supposed catalytic effects to be brought by the startup often fail to appear, having typically been oversold by the startup to the acquiring company.

    Sound familiar? I could think of a hundred other examples.

    Fetishizing of serial entrepreneurs in the Valley has occurred in part because it’s been impossible for nine years now to make any money from tech startups in the public markets (Google, Salesforce, and a few others excepted). The only reliable way to make money has been to fund, flip, repeat.

    To illustrate just how ingrained this mentality is, let me tell a personal story. Two years ago,  7-8 months in to starting Vodpod (and only 3-4 months after the service launched), we got a very nice, very good, very real acquisition offer. I polled a wide array of folks for advice, and almost to a person I heard this: “Sell, take the money, stay at the acquirer for a year or two, and then start over.”

    That mentality has to change. With the economic crisis, it probably will be forced change — the fund, flip, repeat model is no longer operative.

    But if it’s impossible to have an IPO in the current public markets, or to sell your startup to an acquirer, what are the options?  We need to find a way for mid-size companies to go public again. Reid Hoffman suggested three ways in which the government could help fuel startups the other day; I’d add a fourth  –  enact securities laws and regulatory reforms that would enable a new public market for mid-tier companies. Specifically, something like the AIM in London, targeted at companies with market caps between, say, $100M and $1B, with reporting and legal requirements appropriately tailored to the size of the company.

    That might allow more entrepreneurs to focus on building durable, long-term companies, while still satisfying the needs of investors and employees for some liqiduity in the short- to mid-term. Growing companies with $30-50M per year in revenues and some profits could have a path to go public, without the current and very onerous requirements designed for Enron-like multi-billion dollar conglomerates. Some of those companies might thrive, and move on to the big boards. Some might wither. Either way, seems like a better prospect than selling out and withering away. Or doing this so much more inefficiently through an opaque and entirely unregulated secondary market.

    If we had this type of market, perhaps that would have been the path taken by Flickr and they might remain a viable, independent, innovative company. If we build such a system, it could be the path taken by current thriving startups like Automattic (WordPress), Digg, or Twitter.

     
  • Smack Talk about the Mobile Phone World 

    epigonic 12:25 am on January 10, 2009 Permalink | Log in to leave a Comment

    In my last job, I lived and worked from London for three years running the international consumer business for a mid-sized, publicly-traded Internet company that did a lot of work in the mobile space.

    So I went to lots of meetings in Finland with Nokia, and outside London and in Germany with Vodafone, and there was always a good bit of fun had at my expense teasing me about the pathetic state of the US mobile phone business. Lot’s of smack talk about how the US was third rate in the mobile space and would never catch up.

    Our carriers still lag in many ways, though Vodafone most European carriers are not all they’re cracked up to be.

    But it’s a completely different story as far as the phones go. At the time I was in Europe, no one could touch Nokia. How they’ve lost their way.

    With the public unveiling of the Palm Pre yesterday, the three best phones in the world now come from Silicon Valley:

    – the iPhone

    – the G1

    – the Palm Pre

    With all the doom and gloom about American mediocrity it’s nice to be reminded people here still know how to build great products.
    Now if only we could get the car makers sorted out…

     
  • The Era of Good Work 

    epigonic 7:23 am on January 2, 2009 Permalink | Log in to leave a Comment

    My friend Om has a good provocative post up today: With 2008, Let’s Say Good-bye to Mediocrity. Go read it.

    Om writes: “In 2008, U.S. society — from the very top (our political leaders) to the very bottom (our bankers) — came to embrace mediocrity.”

    I have a slightly different take. The examples Om cites of our supposed embrace of mediocrity are are trailing indicators, not leading indicators. They tell us more about where we’ve been and what we’ve done wrong, not where we’re going.

    2008 wasn’t the year we accepted or embraced mediocrity; it was the year the chickens came home to roost. It was the year where the bill came due for two, maybe three, decades of steady cultural and political rot. Decades in which our individual and collective desire for more money and more stuff drove our policies and our behaviors.

    An era where your worth was measured not by your character or good works, but by the size of your yacht or your private jet. Where we were endlessly fascinated by folks like Mark Cuban (a funny and interesting guy, to be sure, but famous because principally because he got Yahoo! to buy his company for way more money than it was worth) and Paris Hilton. Where an MBA degree was revered, not mocked. ( Trillion Dollar Meltown, Richistan, and Liar’s Poker — the latter two the perfect bookends for our sad story — are excellent chronicles of the past thirty or so years.)

    When I try to divine and look at the leading indicators (oddly and ironically in light of the heavy toll of the past year and likely heavier toll to be paid this coming year and my own ingrained and deeply-rooted cynicism) I find myself more optimistic this new year than any other in recent memory about the state of the country and where things might go the next twenty to thirty years.

    I don’t see people embracing mediocrity  — I saw that in spades in the late 1980s, the very, very overhyped 1990s, and the first part of this decade. Rather, I see more evidence of more people doing good work in more places than I can recall in my adult lifetime.

    Some examples:

    1. Start with politics. Coming up on the one year anniversary of Barack Obama’s win in Iowa, and nineteen days from his inaugural, I find myself more optimistic about the state of our politics than ever before.

    It’s not only — or principally — because of Obama. Rather, it’s  the serious, sober-minded, and eminently practical bunch of kids in their 20s who spent the last year and a half working for him. I got to see them up close, as a volunteer for Obama in California, Indiana and finally Ohio. Many in the press, trained to be cynical and wry, tried to portray this as some sort of cultish movement (volunteers and workers were “Obamabots”). But really, it was a group of kids (and they were mostly kids) who were sick of how the country was being run, and who decided to do something about it rather than complain or sit on their hands. They didn’t protest, they didn’t march on Washington — they just got stuff done, did the hard, demanding, and unglamorous work of grassroots politicking, and changed our country.

    2. The hard-headed, largely unheralded work by folks to fix our public school system. People like Michelle Rhee, or Dave Levin and Mike Feinberg, who founded KIPP.

    3. Our media. Don’t laugh. Between the renaissance of great writing and performance on television (The Wire, Sopranos, Mad Men, Elvis Costello’s new show, and many, many more) and the development of sustainable, strong new voices on the Internet (folks like Om but also Josh Marshall at TPM, music sites like Pitchfork and Stereogum) there are more signs of life than ever before. It’s invigorating and inspiring.

    4. And, closer to my daily life, an impressive wave of startups and entrepreneurs launching companies the last three to four years.  The work done by this second wave of startups has been far better, and resulted in many more useful and more durable services, than the efforts of their predecessors in mid- to late-1990s (I’m in a position to judge, I’ve been involved in both eras!). More of these companies act like Craiglist (the most important web company after google); few act like Pets.com.

    It’s not incidental that this second wave of  entrepreneurs came of age after (and in reaction to) a previous — if smaller scale and more localized — calamity; the bursting of the dot-com bubble.  Folks who worked in and around the Internet business realized they’d been on a bender, went to work putting their value systems back in order, and renewed their focus on doing good work, not just doing well.

    As a society and country, we’re paying the price for our decades of binging this year. It will be painful. But people seem serious about confronting the problems, about doing real work again, putting our values back in order, and that gives me hope on this first day of this very new year.

     
    • Om Malik 2:33 pm on January 2, 2009 Permalink | Log in to Reply

      Mark

      That is a very uplifting take on things and yes, we need to do good work. I quite enjoyed reading the post. Now as part of this new era, you must blog more often.

    • Ghazala Khan 7:23 pm on January 2, 2009 Permalink | Log in to Reply

      Interview Request

      Hello Dear and Respected,
      I hope you are fine and carrying on the great work you have been doing for the Internet surfers. I am Ghazala Khan from The Pakistani Spectator (TPS), We at TPS throw a candid look on everything happening in and for Pakistan in the world. We are trying to contribute our humble share in the webosphere. Our aim is to foster peace, progress and harmony with passion.

      We at TPS are carrying out a new series of interviews with the notable passionate bloggers, writers, and webmasters. In that regard, we would like to interview you, if you don’t mind. Please send us your approval for your interview at my email address “ghazala.khi at gmail.com”, so that I could send you the Interview questions. We would be extremely grateful.

      regards.

      Ghazala Khan
      The Pakistani Spectator
      http://www.pakspectator.com

    • lwayswright 7:25 pm on January 2, 2009 Permalink | Log in to Reply

      Very interesting post!

    • lancemaurer 7:38 pm on January 2, 2009 Permalink | Log in to Reply

      Excellent and positive post. Please post more often.

    • strategicsenseinc 7:54 pm on January 2, 2009 Permalink | Log in to Reply

      What a great post you are certainly on target! As a champion of people and a person working with leaders to help them improve their leadership skills, we believe integrity, honesty and the importance of following a set of values one can be proud of is a good start! This post is a great example of where we can direct ourselves in 2009 and the coming years.
      Thanks!

    • cmajor7 7:57 pm on January 2, 2009 Permalink | Log in to Reply

      Thanks for the uplifting post. I’m not as optimistic, but that’s probably because I’m not reading enough good stuff, like yours.

      Keep it up.

    • miroslodki 9:06 pm on January 2, 2009 Permalink | Log in to Reply

      Much of what you speak traces back to a decline in an appreciation that values define value. That greed for innovation, long-term value creation and goals can transform and empower leadership to accomplish the seemingly impossible.(see “greed is good” http://miroslodki.wordpress.com/2008/09/17/greed-is-good/

      This requires a new breed of leadership that is prepared to sacrifice for an ideal and not just be rented out to manage the pursue of it. New leadership that selects and supports teams that share in that vision.

      Except we create matrix management systems where no one is accountable for anything -where specialists optimize locally not globally and eveyone has their own set of ‘relevant’ metrics to justify their value to the hive.

      Businesses have no higher ideal than profit maximization for shareholders. They have lost sight of the fact that the value they create for their shareholders comes from the value they are able to create for their customers …which in turn requires an ability to create trust and a partering relationship with customers. You don’t buy or sell those things – they are things of character.

      If we are the shareholders (through 401k) and stocks as well as customers, how is it that we allowed this to happen? Where was the crowd wisdom? The transparent efficicnecy of market risk pricing?

      Who goes to jail?

      We don’t have senior management leadership we have cost controllers who hide behind the comfort of ROI calculations as if the formulas were the modern day equivalent of gold laying geese…protect the cashflow as its the path to their entitlements.

      Yes we need new leadership. Americans are getting that at the top. But what happens everywhere else and how long will money sit idle before it gets into new mischief?

      Who and how do we create a new business model?

    • monycoleman 9:11 pm on January 2, 2009 Permalink | Log in to Reply

      From one optimist to another. I agree wholeheartedly that 2009 holds tremendous promise for change. 2008 felt, to me anyways, like our whole country from the low man on the totem pole to the highest elite has been shaken (kind of turned upside down by their ankles) with the result of all the junk falling out and then being set back on their feet to shake off the dizziness and begin again. Here’s to a better year!!!

  • Twitter, Rediscovered a Year Later 

    epigonic 4:52 pm on October 19, 2007 Permalink | Log in to leave a Comment

    A little over a year ago — sometime last August or September — I started faffing about with Twitter, as early adopters here in SF started to spread the word about it.

    I liked it immediately, thought it was perhaps a wee bit twee. But we liked enough here at Vodpod we built a way to let you “tweet” a video from vodpod last December, just weeks after we launched our service. And we spent a great couple of hours dissecting its appeal with some very smart lads, Matt Webb and Jack Schulze.

    Twitter really exploded in the Spring of this year, championed by Scoble and getting a lot of attention at SXSW. Funny, though, my interest in and attention to the service waned about then.

    So I’ve been delighted to re-engage with it the past week or so. In part, it’s been for prosaic reasons. I saw that Rafe Needelman was doing a Twittercast from Web 2.0, and I’ve been checking out the various AIR (totally loving Twitterific) and iPhone clients and playing with twittering from the road. The Twitter folks get an A+ for their API work, something we’re trying to emulate here at Vodpod.

    It’s fun to be back using the service. For my money, it’s a far more interesting than the other hyped up service of the day. In the end, both are really about communication, but there is a richness and layered-ness to Twitter I just don’t find with Facebook. And interesting lesson given how much more complex Facebook is, and how simple Twitter is by comparison.

     
    • Nicole 6:54 pm on October 19, 2007 Permalink | Log in to Reply

      Just out of curiosity, have you tried Pownce? I really like it but can’t seem to get my friends very interested in it. I abandoned twitter for it but have decided to give twitter another chance. I’m pretty disenchanted with facebook right now.

    • epigonic 6:59 pm on October 19, 2007 Permalink | Log in to Reply

      Yeah, I did try pownce. Beautiful looking product, but I philosophically like the openness of Twitter and the fact it does one thing well. BTW, you know our little vodpod button lets you send a video to twitter, your blog and your pod at the same time, right? Sorry, always shilling for vodpod:-)

    • Nicole 7:33 pm on October 19, 2007 Permalink | Log in to Reply

      Actually, I do use the Vodpod twitter thing and it works really well. I just haven’t added any videos in a long time. Guess I’d better get on it! :-)

      As far as Pownce goes, I’m still hanging on. It’s slowly getting better and better. You’re right, twitter is great because it does the one thing well. But sometimes I want to do a couple other things without the chaos of facebook or myspace. I think Pownce fits the bill :-)

  • How I Learned to Love the Bubble 

    epigonic 12:03 am on October 19, 2007 Permalink | Log in to leave a Comment
    Tags: bubble, silliness, web 2.0

    There is no better proof that San Francisco and Silicon Valley are a big echo chamber than the nonsense being written about the new “bubble” and related discussions about the need for startups to “bulk up” (from Om Malik no less, a man full of good sense usually) and palpitations about being five months from a bust.

    Are we in a bubble? Most likely.

    Are there too many startups with too much money? Yes and Yes!

    Should we care? No, not really.

    The bubble talk has been going on at least two years, since the 2005 Web 2.0 conference (noted before here, here, and here). For some reason, I almost always find MBAs and trade journalists most obsessed with its eventual bursting (skip a couple of paragraphs to learn why).

    At the surface, the bubble talk is always about the anecdotes and atmospherics. More companies being started. More money flowing. More competition. More parties. More difficulty hiring great engineers. More difficulty breaking through the clutter. More Brits (and now French) moving to San Francisco to start up companies.

    Interesting cocktail chatter — perhaps. But that’s not driving force of all this bubble-mania.

    What is? The notable thing that occurs during a bubble is that some people get far richer than they deserve (exhibit a, Mark Cuban selling Broadcast.com to Yahoo! for $5B). That drives the obsession. Entrepreneurs in it just for the flip worry the bubble will pop soon and that they’re going to miss out. “What if the enormous pile of dough is gone by the time it’s my turn?” For journalists, the anticipation of it bursting and its resulting carnage is perhaps the most exquisite form of schadenfreude in this age.

    But really, whether we’re in a bubble, or where we are in the “cycle” matter not at all if you are an entrepreneur. Starting a business is always a long-shot. If you are an entrepreneur, the immutable odds are that you will fail. This was true for startups in 1995, 1997, 1999, 2001, 2003, 2005 and 2007. The even years, too. Where we are in the cycle, or whether or not we’re in a bubble, it just doesn’t matter that much.

    One’s success is more likely to be determined by luck (incredibly important, often overlooked); whether you’ve got a good idea and a clear vision; how well you can execute and adapt; whether you have enough money and are stingy with the money you have; how quickly you can make enough money from your product or service to cover your costs; and how relentlessly you focus on making your users and customers really happy and building something useful or cool or both.

    Of course, it is a crowded market, so I’m quite happy for my peers to obsess about the bubble and the cycle, and to worry about whether they’ve “timed it just right.” Keep it up!

    Bonus for you outside our little cul-de-sac here in the Bay Area: see how it’s all 1999 again.

     
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