Musings on the world of business

Month

May 2012

15 posts

John's Tumblr: Computers = Trucks → lilly.tumblr.com

lilly:

A couple of years ago at D8, Steve Jobs said on stage something like this: computers as we know them won’t go away, but they won’t be used nearly as much. They’ll be like trucks: most people don’t drive around in them all the time, but they’ll use them for special purposes, to get particular types…

May 30, 2012149 notes
Bit.ly - Who are you doing this for?

bit.ly has a major announcement today. I am happy for the team _but_ I have to ask — why are you doing this and more importantly who for?  

You have extended bit.ly to now help with bookmarks. Do I have a bookmarks problem? What exactly is my problem?

Is it information discovery? or Is it filing? or maybe it is retrieval? For me often times it is categorization since I file stuff away because “i know i will need them later” but when i do need them it is not easy to find them. You also focus heavily on “sharing”. I don’t find that a problem but assuming you talked to your users, maybe it is a problem for the majority out there.

Great, you identified problems. Which one are you attacking and how are you making my life better? It is most likely the case that most of your uses use one or more of the following (on a daily basis) to solve the problems above 

Evernote, Dropbox, Google Drive, iCloud, twitter, facebook, g+, tumblr, blogger, pinterest, pinboard …… and most of these are integrated with gazillion other networks. By throwing another tool in the mix, you have combinatorially complicated my choices and decision making, not really made it easier :-(

So I ask you again, how is this helping me? What is it helping me with? I am thrilled you raised 20 million dollars. Maybe you need to come out swinging with a big platform play to justify the money raised. I hope you don’t forget about me - the user.

Introducing bitmarks

So, what are bitmarks? It’s a better name for bookmarks. Bitmarks are the interesting links you collect across the web — a hard to find recipe, an article, an awesomely hysterical video. It’s anything that you find and want to save and maybe even want to easily share. You can organize them into bundles based on a theme or share them with your friends via Facebook, Twitter, and email. You decide whether each bitmark gets published to your public profile or saved privately, so that only you can see it.

May 30, 2012
The experience economy - Chris Dixon → cdixon.org

The corollary being, if you spot an growing company that was never covered by techcrunch, uncrunched, techmeme, verge  or scoble - be glad. It is very likely the case that they are knocking their user experience out of the park. That is a good place to start your lessons.

May 29, 2012
Bijan Sabet: Jeff Bezos: Regret Minimization Framework → bijansabet.com

This is fantastic.

via Jeff Bezos, 2001

I went to my boss and said to him, “You know, I’m going to go do this crazy thing and I’m going to start this company selling books online.” This was something that I had already been talking to him about in a sort of more general context, but then he…

May 25, 2012253 notes
May 25, 2012
Marketing vs fear mongering, where is the line?

Bemilo, a £2.95-a-month service (that’s about five bucks), uses a special SIM card that can go in any phone or tablet. Amazingly, and somewhat terrifyingly, parents can log on to a web interface that basically serves as a remote dashboard to their kid’s phone or tablet. There, parents can read all texts, including deleted ones, and can even control who their kid has contact with. Parents can also monitor and restrict browsing of certain websites (read: porn). The BBC has the full story, as does The Telegraph. “It’s a SIM that is just like any other SIM you would buy for any other network, but it enables parents to have full control in the context of safety,”

How about wait till you trust your kid with a cell phone and then give him/her a cell phone. How is this different than giving your kid a car for instance. If technology permits, would we give our kids a car but control what zip codes they can drive to and/or who they will let into the car. Something about this feels more like fear-mongering to parents rather than truly teaching kids responsible behavior.

May 25, 2012
Advice to my daughter

Earlier today Jason Chen asked for a special kind of birthday gift from his audience. That got me thinking of my daughter. She will be 2 in a month and I figured now is as good a time as any to start iterating on how will I encourage her as she grows older.

My inspiration for today’s post is Neil Gaiman. His advice is for young minds graduating in arts but I think it applies to all of us.

  1. When you start, you have no idea what you are doing. This is GREAT!
  2. If you know what your zen/passion is - don’t let anything get in your way.
  3. Learn to write by writing. Replace write with create/code/fly/run/swim/surf, etc
  4. Learn to deal with failure
  5. Learn to deal with the problem of success
  6. Mistakes can be useful (dare I say, ‘are’)
  7. If life gets tough, make good art! (love this). Replace art with create/code/fly/run/swim/surf, etc
  8. Your biggest competitive advantage is the fact that you are the only you. If you reach a point where you feel you are walking naked down the street, completely exposed in your work, you are just starting to create honest art.
  9. Don’t lie. Acknowledge that you might be chronologically challenged occasionally.
  10. 2 of the following 3 is good! {Great Work, People like to be around you, Always on time}. All 3 is fantastic but you just need 2/3 to succeed.
  11. Let go and enjoy the ride
  12. Go make amazing, interesting, and honest mistakes.

<me> Most important. Feel free to ignore all the above. Know that you serve an amazing God who gives you freedom, courage and a destiny that is filled with hope, love and truth. </me>

May 24, 2012
#anjali
May 24, 2012
“

Mark, by now you must be asking yourself the obvious question. “Where and out of whose pocket does this money come from?”

Well, just think of it this way… Let’s assume you own a very expensive piece of waterfront real estate, and you hire a broker to sell it for you. After exploring the market and after getting indications of interest, your broker advises you that $10 million would be a great price for your home. You meet with the potential buyers and decide to sell it for $10 million. After the $1 million commission you have to pay your broker, your net proceeds are $9 million. An hour later, you drive by the house and see your broker in the driveway shaking hands with some different people. You pull over to see what’s going on, and you find that the people you just sold the house to for $10 million are very close friends of your broker. To your dismay, you also find out that those friends just sold your (former) house to somebody else for $15 million.

The same exact game is going on here, Mark. You’ll be selling 388 million shares of Facebook stock in your IPO. A likely scenario is that your broker “friends” are telling you to sell your shares at $40 per share. You’ll take their advice and sell at $40 per share, and the buyers will be Morgan Stanley’s biggest fund management clients. By the time you drive around the block, these folks will have sold their shares at $50 per share. In other words, using the same real estate scenario, you’ll have sold something of yours for $15 billion that is really worth $19 billion. And for that “unique” privilege, you’ll be paying your “friends” at the banks $150 million as a fee.

Makes you wonder who your real friends are…

”
—Dan Ariely » Blog Archive The Facebook IPO: A Note to Mark Zuckerberg; or, With “Friends” Like Morgan Stanley, Who Needs Enemies? «   Read the whole thing. Worth it.
May 22, 2012
May 16, 2012
“If you’ve been doing what you’re doing for years and it’s not-so-great, you are in a rut. Many people refer to these ruts as careers.” —The Six Enemies of Greatness (and Happiness) - Forbes
May 14, 2012
“The annual Sunday Times Rich List yields four very important conclusions for the governance of Britain (Report, Weekend, 28 April). It shows that the richest 1,000 persons, just 0.003% of the adult population, increased their wealth over the last three years by £155bn. That is enough for themselves alone to pay off the entire current UK budget deficit and still leave them with £30bn to spare.” —Letters: The scourge of our wealth divide | Business | The Guardian
May 11, 2012
Priceonomics Blog: Priceonomics Raises $1.5 MM, Users Unfazed → blog.priceonomics.com

priceonomics:

Priceonomics just raised $1.5 MM in seed funding. Raising seed capital isn’t a triumph by any measure, but we’re enormously grateful we get the opportunity to build something we love. We get to go on the journey to build the definitive price resource so that no one gets ripped off ever again.

We raised the money from SV Angel, Spark Capital, Andreessen Horowitz, CrunchFund, Crosslink Capital, Y Combinator partners, Michael Ovitz, top angels like Joshua Schachter, and early Google engineers. TechCrunch has the full announcement

May 6, 20127 notes
How A Private Data Market Could Ruin Facebook - Technology Review → technologyreview.com

Hard to contradict the logic here. But as always the challenge is in tying this with the truth that most people do not act rationally most of the time

May 4, 2012
Information Arbitrage: Entrepreneurship and optionality don't mix → informationarbitrage.com

informationarbitrage:

Laser focus vs. keeping options open. This is an eternal struggle faced by start-up founders and corporate CEOs alike. While focus brings both purpose and increased odds of meeting a particular goal, leaders are plagued by the fear of “What if the goal I’ve achieved is the wrong goal? I’ll have…

May 2, 201214 notes
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