Saturday, December 31, 2011

Entrepreneur of the Year 2011

Wow, what a year for technology. Multibillion dollar valuations by the public & private markets. Several high profile debuts or pivots. Lots of new early stage funds and incubators grooming the next generation of founders. Given all that commotion it might be hard to pick just one Entrepreneur of the Year for 2011. Well actually it wasn't - i pick Bonnie, the owner of Hair On Hyde salon in San Francisco.

I live in a tech startup world, but the real story happens under our noses every day with people like Bonnie.

  • ~2002: Meet Bonnie at the Supercuts in Noe Valley where she's an employee
  • Few years later: Bonnie strikes out on her own, rents a storefront and opens the one chair "Hair on Hyde"
  • 2011: A fire closes Hair On Hyde. Bonnie rents a chair at a nearby salon and plans her next move
  • Fall 2011: Bonnie opens a 6 chair new Hair on Hyde. Rents chairs to other solo beauticians.
In the decade I've known her, Bonnie went from an employee to a solo entrepreneur to an economic growth story. And she's doing it totally on her own, without the benefit of venture funding, as an immigrant and without the same type of safety net we all have.

So my salute this year isn't to the Zucks or the Zyngas, but to the small-medium business owners like Bonnie. Shop with them, recommend them to your friends and tell them they rock, because they're the lifeblood of the American economy.

Oh and Bonnie gives a great haircut too :)






Friday, December 30, 2011

14 Do's & Don'ts Upon Taking a New Job

Al Casey (1922-2004) was president of the Times Mirror Company (L.A. Times), Chairman of the Board of American Airlines, Postmaster General of the United States (where he had 700,000 employees), and head of the Resolution Trust Corporation in Washington.

He was also a wonderful friend to my wife's family. I got to know Al during the last few years of his life and he truly was a brilliant, kind and adventurous man. His advice was timeless and he dispensed it generously. Here's one example:
Al Casey's Rules for Success

Most Hard Core Founder Ever

And you think testing your app for bugs is painful? How about Gaston Glock, the creator of the Glock pistol:

"While testing prototypes, Gaston shot lefty so if his early work exploded on him, he could still improve the design with his right hand"

Thursday, December 29, 2011

George Clooney does foreign tv ads to fund social causes

George Clooney consistently comes across as one of the most intelligent and humane actors around:

"Ides of March I did for scale — scale as a director, scale as an actor, scale as a writer. And I don't have any back end on it. So I'm not going to make any money after that. I enjoy living in a nice house and having a nice life. So I do two or three commercials overseas a year to sort of fill in, because they pay pretty well.
The wedding one in Norway was great. I usually try to keep away from anything that would have to do with me personally. I always think the commercials should make fun of me, sort of as a personality, but I try to keep my personal life out of it. But they called and sent the script, and the idea was funny. This woman in Norway wakes up and she's married to me. It makes a big difference when you're working with the Carol Burnett of Norway. She's great, and it turned out fantastic.
That commercial in particular helped fund a satellite project that keeps an eye on the Sudanese border to try to hold these war criminals in check. The satellite project costs about a million and two a year. So I'm always looking for a gig like that."

[and it's a pretty funny ad]

"If it gets to my desk, then no one else could have handled it"

Why being a founder/CEO is similar to being US President....

From an interview with George Clooney in Esquire magazine:

I talked with the president at one of those fundraisers some months back, and i asked him, "What keeps you up at night?"
And he said, "Everything. Everything that gets to my desk is a critical mass. If it gets to my desk, then no one else could have handled it."

Wednesday, December 28, 2011

Why Guns N' Roses is like a Startup

"When I see footage of Guns N' Roses, I see that fucking hunger and attitude. You could not fuck with those five guys. It was just raw. It was this lean, hungry thing on its way up. It was as sincere as any rock 'n' roll that I've ever heard, and I'm proud of that." - Slash, 2011

Tuesday, December 27, 2011

Free SF office space for startups

Monday, December 26, 2011

Go ahead, quit

The first time you tell me you want to quit your job or change your career because life is unfair, or it's hard to get ahead, I might try to talk you out of it, help you get re-energized, see the cup as being half-full instead of half-empty. Every person is beautiful and unique - they have something to contribute.

The second time you tell me you want to quit, I'll just say "please quit." The world doesn't need you to be an entrepreneur/engineer/doctor/lawyer/writer/etc. There are plenty of people who know that every day is a chance to make a difference. To build something that didn't exist before. To help another person out a bit.

If you don't want to be this type of person please do quit. You're just creating noise and taking up space for those who want to create.

Saturday, December 24, 2011

It's fine to get an MBA but don't be an MBA

The "MBA: good or shitty for entrepreneurs" debate flares up regularly here in Silicon Valley.  Having attended business school at Stanford, I certainly have a horse in the race, but I'm also not one to insist it's (a) the best choice for everyone or (b) required for success. At the same time, let's dismiss the notion that any legitimate entrepreneur would never go to business school - ie that the act of even thinking an MBA is worthwhile proves you're not a real hacker or hustler.

Key to all this talk is a more fundamental issue which most people gloss over -- the notion of letting an experience define you versus it becoming part of who you are. And thus my take is that it's fine to get an MBA, but not cool under any circumstances to be an MBA. 

Getting an MBA means you're curious to learn broadly about theories and explore how these techniques can be applied to various businesses. Being an MBA means you think you're getting taught the one right answer to problems - to a hammer everything is a nail - and that only MBAs know these dark arts.

Getting an MBA means offering your perspectives and experiences to your classmates. Being an MBA means looking at your peers as networking targets.


Getting an MBA means thinking about your degree as just another attribute of who you are - I have brown hair, a wife, work at Google, enjoy citrus fruits and possess a Stanford degree. Being an MBA means you are "Hunter Walk, Stanford MBA," elevating the matriculation to a level of undeserving primacy.


Getting an MBA means you shoot out of school wanting to prove yourself and see what you can contribute to others. Being an MBA means thinking the world owes you something and that your value 10x'ed just from spending two years on a campus.

At the end of the day, just be who you are, which is a collection of skills, abilities, successes, failures, fears, dreams and hopes. The most important degree you possess is Human University.

By the way, the "get, don't be" applies not just to business school but any accomplishment that causes one to define their identity vis a vis an entity or action. This just as easily could have been titled "fine to go to MIT, don't be an MIT" or "fine to work at Facebook, don't be a Facebook."

Friday, December 23, 2011

Beware "cheap speed"

As in horse racing, as in startups, as in life:

"There's something called 'cheap speed' - the kind of horse that goes to the front and runs as hard as he can. That horse usually doesn't do too well at the end of the race." -- David Milch, Deadwood creator, on horse racing

Thursday, December 22, 2011

Don't do what you're good at, be good at what you do

Too many people find themselves succeeding at their work but ultimately unfulfilled because they're doing what they're good at as opposed to being good at what they do. "Doing what you're good at" can produce satisfaction from recognition and reward but you still feel hollow. You're a great lawyer, or doctor, or product manager, yet you don't identify with your profession as something which is true to your inner self. You say things like "if i had a lot of money i'd really pursue my goal of being a writer," or a scientist or a history professor.

Instead "being good at what you do" means embracing these desires and pursuing them with confidence, knowing that you will find a degree of success because you're passionate, smart and hardworking.

Doing what you're good at is narrowing. Being good at what you do is expansive.

Monday, December 19, 2011

Hyperbolic Headlines: Five Ways the Zynga IPO Changes Everything!!!

The Zynga IPO changes everything!!!! Well, not really but the last few days have been a torrent of conjecture about the future of social games, tech IPOs and Mark Pincus' management style. We now have a publicly traded company worth several billion dollars that didn't exist just a few years ago. Kudos to their team for building something of value. Of course how much Zynga is worth will be determined not by a blogger but by buyers and sellers. Let's instead focus on five related questions that founders, employees and venture investors will be asking themselves going forward

1. Will late stage capital look for additional protection against valuation decreases? Well documented that last round money into Zynga invested at $14/share, substantially higher than the $10 IPO and today's ~$9 close. Will "Series D" later stage funds look for downside protection in the future - eg warrants that convert to more shares if an IPO occurs at a valuation below their investment (a form of preferences similar to traditional venture investors)? Rounds that were previously seen as bridges to IPO might be harder to come by as a result but expect the hottest companies to call their own terms -- there's just too much capital available worldwide looking for a place to go.

2. Will executives taking money off the table pre-IPO be considered in the best interests of the company? Mark Pincus sold more than $100 million of stock at $14/share in the last round of financing. While this only represented 6% of his total holdings and Mark didn't sell any of his shares in the IPO, perhaps the Zynga IPO will chill similar behavior going forward since no executive wants to be seen profiting above and beyond their investors or employees.

3. How aggressively will venture investors value private company shares based on late stage financings or secondary market sales? Phil Black of True Ventures noted that post-Zynga IPO they actually had to bring down the carried value of their Zynga shares from $14 to now market price. While Phil is quick to correctly point out this isn't a true "loss" - they will still make quite a bit of money from Zynga - it does mean the expected return on their fund was lower post-IPO than it was pre-IPO. Fund management is a big deal for VCs - LPs want to know IRR. When True - or anyone else - is out raising a new fund they sure as heck report on expected returns from current funds. If VCs start to worry that late stage capital or small secondary market auctions don't accurately reflect the public markets they might be more conservative in ratcheting up their paper valuations.

4. Will employees quit pre-IPO or pre-lockup expiration to dump shares on secondary markets? TechCrunch has reported that companies such as Twitter are seeing early employees quit in order to liquidate their shares outside of the company's control. If IPOs are seen as valuation risks -- that is, the public market is a harsher judge of value than private markets (because of more perfect information, because there's more liquidity, etc) -- then why wait for the IPO? Get out now, make your money and pay off the student loans, buy a house, etc. Who would have thought that the most successful companies would be seeing pre-liquidity retention issues!

5. Will companies turn the IPO pop back into a marketing event (while bankers cackle)? Friday's assessment of the Zynga IPO was silly - a stock popping isn't necessarily a sign of confidence in a company, it's a sign the bankers underpriced the offering and/or pushed it hard to clients. And if a stock falls, it's actually a failure by the underwriters to price properly but the company itself benefits from having raised more money than the company is now "worth." The best outcome is a stock price which doesn't move at all on the first day, or moves within a range of error. But no, a big pop draws attention, momentum, praise while a decrease results in negative press. Unfortunately this pressures all but the most confident of CEOs to 'play the game' and consider manufacturing a pop by either selling fewer shares than underwriters could sell or underpricing the company. Either action takes money out of the company coffers.

Sunday, December 18, 2011

True Ventures founding partner writes abt impact of Zynga IPO

Phil Black, a founding partner of True Ventures, writes this morning about how Zynga IPO price being lower than last private market transactions will impact their investment in the company:

Zynga priced on Friday. Great News! Except now, we have to write down our investment (maybe/probably). How, you ask? Before going public, Zynga traded in the private marketplace around $14 a share and we could mark our price in and around that level. Now, it’s publicly traded at $9.50 a share. Plus, we’ll have to take a further discount to that price because we are locked up for six months or more. I don’t think we are going to be the only group owning Zynga facing that odd situation of your portfolio company going public only to write down your investment!

I don't think True invested directly in Zynga but rather received shares when their portfolio company XPD Media was acquired. Phil's comments are interesting - everyone had focused on how it was late stage investors who might be seeing real losses but even earlier money might now be seeing "paper losses" if they were aggressive in marking up valuations based on late funding rounds/secondary sales. A firm needs to manage the expected return of their funds, so trying to properly assess private market valuations is important.

Tuesday, December 13, 2011

YouTube just launched on Xbox

"I'd love if tech writing as a whole held itself to a higher standard:" What notable journalists are thinking about their craft

There's an old expression that we get the politicians we deserve -- ie if you don't like it, don't vote them into office. Over the past few months I've been wondering if the same is true of our tech news reporting. We say we want high quality investigative reporting and well-researched work but instead page views accrue to "articles as slideshows" and sites which do crappy republishing of press releases with little more thoughtfulness beyond sticking "what do you think" on to the end of a post.

I'm a bit of a journalism groupie myself - although my formal writer/editor years ended with grad school, good prose is an orgasmic thrill for me, and thus those who can, err, excite (?) me get a special place in my heart. Okay, let's kill that visual and just say that I have great respect for the written word.

But who cares what I think - instead let's ask some of the best tech reporters whether they think the public gets the journalism they deserve and whether they felt compelled to write to the interest of the masses. Or to try and get their readers to "care more" about less popular topics than the latest Apple rumor. Here are excerpts of our conversations:

Liz Gannes, AllThingsD
I generally write about what I want to read about. I always have a bajillion more posts in my head than I get out on the screen, but that's an issue of limited hours in the day and unlimited distractions, not lack of audience. On the flip side, I am dismayed every day by the crap that people seem to find worthy of page views -- uninformative infographics, sloppy reporting, gimmicky stories and the like. I'd love if tech writing as a whole held itself to a higher standard, and the readers rewarded that.

Quentin Hardy, The New York Times
There are topics which receive significant coverage, but are not being addressed in ways that I find particularly effective. That is, I think people may care about them, but they tend to fall back on familiar tropes and biases which prevent them from engaging with them successfully. "Care more" in this sense might be seen as "address differently." [An example is] our national financial situation. Ideological biases, strengthened by a desire to avoid painful disruptions to the status quo, are preventing many people from addressing the choices we have made about revenues in and payments out. The complex tax code and the payments to social spending and the military are both treated as issues that can be addressed singly, or solved by adherence to one or another magical solution.


There are topics which are somewhat apparent in the news, but are bigger than people think. "Care more" in this sense might be seen as "address more." [An example is] the way that technology has fundamentally undermined the nation state. Around the world, the state is failing to deliver on the fundamental promise that justifies its existence. The list of such nations -- Somalia and much of Africa, the 'stans, Mediterranean Europe, Mexico, are only the first that come to mind -- are failing for reasons too diverse to find a single cause. I suspect that a new political form is evolving.

Jessi Hempel, Fortune
There are certain categories of stories that are challenging to sell to readers, for sure. The privacy story is great example. Privacy is a complex topic, but it's hard to address that complexity and harder still to convince people to read those stories.

I also struggle with how to tell stories about people who are doing social admirable work in the world. I think readers would say they care a great deal about social issues—and often very interesting people are game to talk about the social issues they support. I think the work is worthy of coverage because it validates the work and offers examples to a broad audience of people who may build on it in their own work. But often these stories aren't well read.

International stories rarely do well either. This has shifted in recent years with a growing focus on and interest in China particularly. But many of the most interesting international trends and companies go overlooked.

Also, anything related to infrastructure can be a hard sell. Why, for example, does New York City have such crappy airports? Why are they such a pain to get to? It's a huge issue and it's worthy of attention, but it's hard to find an interesting way into a story like that for our audience.

Peter Kafka, AllThingsD
One of the many reasons that my job is awesome is that it's one of the few places where you can get paid to produce stuff for the Web without having to worry about metrics. No one has ever told me not to write something because it won't generate enough pageviews, etc.

But I *like* to pay attention to metrics, because I want to write about stuff that people find interesting. And if I write about stuff that people *aren't* paying attention to, I want to know that, so I can either figure out how to get them to pay more attention, or think about what isn't resonating with readers.

The "worthy v. popular" tension isn't a product of the Internet, by the way -- it has *always* been a part of mass media. The Web, and Web economics, just makes it more pronounced, immediate, and easy to identify.

Jason Kincaid, TechCrunch
There are a couple that come to mind. One is that I wish more people cared more about hot new startups. Obviously TC tries to feature a lot of them, but if you compare the traffic numbers, it's very rare for a new startup launch to come close to the popularity of, say, a random Apple rumor (which I think are the lowest form of tech reporting, btw). If the traffic numbers were higher for startup posts, I think it would be good for everyone involved. That's obviously sort of wishful thinking though — by definition these startups aren't going to have nearly the same brand recognition as the tech giants.

As for privacy, I'm concerned about the 'shrug-your-shoulders' attitude people seem to have to successful hacking attempts, data leaks etc. that have led to millions of credit card numbers, addresses, and other personal info getting into the wrong hands. It seems to happen so often that people are becoming numb to it, and that worries me. The Playstation Network breach got a lot of attention in tech circles, but how many 'regular', non-gamers remember it? Or really cared in the first place?

I've always been anxious that there's going to be some kind of massive data breach at Google, FB, or another large service provider that is going to completely screw over peoples' lives (personal email exposed, etc).There isn't much end-users can do to protect against that, but they're not even taking the simple steps of safeguarding their information with strong passwords. And as far as I can tell, there aren't any solutions coming in the immediate future for this (I think NFC-equipped phones will probably wind up being involved, but those are still a long way from ubiquity). Basically the safety of our online data stinks, and nobody cares half as much as they would if they heard some robbers had broken into their local bank and stolen a bunch of records.

Also (and this is sort of a tangent), I think that the focus on Apple news that drives the tech press these days is bad. If you want to get page views, you write about Apple: a new product, what Apple should do, how they're better/worse than a competitor, etc. 

The huge amount of attention given to these topics makes some sense, because Apple is one of the world's most valuable companies and fundamentally changed how a lot of people look at their phones. But Apple only releases a few new products and services every year — each of which has dozens or literally hundreds of articles written about it (not to mention the endless rumors). All of these stories get hashed and rehashed so many times that they get boring, and they take attention away from the exciting innovation that's going on every week (like from startups!). Google/FB/etc. get a lot of coverage too, but they also ship more products.

Sarah Lacy, most recently TechCrunch and author of Brilliant, Crazy, Cocky
I see it as my challenge as a reporter and a writer to make someone care. To me, that is the art of journalism. Everyone can write about the sexy stuff and get page views, but when I can do it about seemingly dry subjects like funding terms or education or enterprise software or obscure companies halfway around the world then I've really done my job. And frequently, stories that fit into those categories have been my best read and most commented on. It certainly doesn't happen all the time but I try not to value my work based on metrics like these. I look at them less than most bloggers. But again-- I'm old school.

Om Malik, GigaOm
Om and I discussed journalism (and the business of news) over coffee and since it was a chat of a personal nature I'll instead point to his own reflections on 10 years of blogging which touches on some of the topics we covered.

Reporter for international periodical who wants to remain anonymous
We can’t ignore what our readers want (AppleAppleApple, slideshows of fancy homes, tiger mom), but we also give them what we think they need (mistakes in European monetary/economic policy, proliferation of insider trading in the U.S., etc.) and that they’ll eventually be happy to read about that as well. That might mean pounding home the idea that there really isn’t much privacy online thanks to Facebook and many other cookie-loving tech/ad companies, or that the BP disaster didn’t just happen but was the result of a long series of blunders.

Those don’t always translate into tons of online clicks, but if we put them on the front page of our publication/site it means we think they’re pretty important.

I can’t recall how important the debt ceiling issue was to ordinary Americans, but it frustrated me to no end that people weren’t more outraged about the ineptitudes of politicians who were risking our economic stability for political gain.

I also think that the online privacy story is important not necessarily because people must know about the realities of the Web or that it’s some kind of threat to them, but that some companies holding private information haven’t been incredibly transparent about what they do and don’t have on all of us. In other words, their data collection practices aren’t evident unless we ask and ask and ask some more. And then the practices change without notice.

As for non-tech topics I think people don’t seem to care enough about, they’re more in the realm of politics/economics/education. I’m saddened there isn’t more outrage about the state of education in the U.S. or about income inequality (at least #OWS is getting some people to notice).

Monday, December 12, 2011

Radio stations tweeting every song they play?

Has anyone heard of a radio station that tweets out every song it plays? If DJs/Sirius are such amazing curators, I'd love to have these in list form so i can get a sense of the station's programming.

Sunday, December 11, 2011

Pathgatory & Asymmetrical Social Circles: Two weeks w Path 2.0

A big snooze. That's what I thought of Path's v1 and their follow-up with.me. Despite a talented team and wonderful design sensibilities, neither product caught my attention as a use case I really cared about. Small group photo sharing? Ho hum. Then two weeks ago the Internet exploded with joy - wow, Path 2.0 is not just beautiful, it's also making a statement -- namely, we're not afraid of Facebook, Google+, Twitter or any other entrenched successful social space. Bring it.

I've been using the app fairly regularly since its release although still struggling to decide whether it's a personal sharing community - what Facebook was before it wasn't anymore (because they decided the open graph was more interesting). Or if it's really my personal diary/timeline where my invited friends might sometimes comment (but where I don't spend much time on their feeds). 

Five observations about Path 2.0 (P2 from here on) -- what it is, what it isn't and what i want it to be (but need a little help from my friends):

1) Its DNA is mobile
The first generation of mobile design merely ported our understanding of the web onto a smaller screen. We're now firmly in the second generation -- mobile first, and in some cases, mobile only. Designed from the phone to the web as opposed to the reverse. Perhaps this is why several people have commented that P2 feels like a native iOS application designed by Apple. 

2) Should I assume everything is private?
The 150 friend limit. The warmth of the UX. The nature of the data you are asked to share was previously reserved for the omnipotent eyes of Santa Claus ("He sees you when you're sleeping. He knows when you're awake"). All of this suggests a certain degree of privacy but for me there are some design challenges which threaten this cozy nook:

a. Asymmetical social circles 
It's jarring to see friends of friends commenting on our mutual friend's posts because it shatters the notion of P2 being a small shared space. It has little to do with actual privacy (I know my friends' friends can't see my feed) but rather my perception of who is inhabiting the space with me. In the P2 case, FOF comments are noise to me. If I wanted to hear from those folks I would have friended them myself. Perhaps P2 will one day hide comments from non-friends behind a "see all" preference (i realize this solution would create awkward missing responses in some views).

b. Are my friends the privacy weak link?
I've tried to be more personal in my posting to P2, not just recreate the photos/status updates/etc that I would share in other services. I'm doing this under the assumption that my friends will treat P2 as a private space - ie not mention it to others. When all info is public you can assume anyone can see it. On P2, you can see the avatars of who else has viewed a post but I don't expect my friends to remember who I've chosen to share with on P2. So instead the default needs to be: comment on P2 posts w/in P2 but don't mention them anywhere else. In some respects I'm almost treating P2 more like a persistent GroupMe than a mini-Facebook. Of course this is the promise of G+ and the flexibility of circles.

3) What should I share via P2 as opposed to elsewhere?
So many choices - status, photos, videos, location, music, biorhythms. And public/private toggles via pushing to FB, 4SQ, Twitter, etc. When I want to publish publicly (which is 95% of my sharing), I just go to Twitter and G+ and assume my P2 friends will see the info there. On P2 I've tended to post more specific details about my location/evening plans ("hey i'll be at and can get a few people in if you want") or personal details about my life. I guess P2 could become my central CMS, where I manage both public and private posts across networks, but that gets confusing. People like single purpose apps. It's one of the G+ circles design challenges - not just making circles but then adding and removing based on the information you're posting.

4) And thus Pathgatory!!!! 
Given all this confusion I'm coining a new word: Pathgatory (Purgatory for Path friend requests - you just don't respond because you're not yet sure how you'll use P2). Right now I'm sharing with a pretty tight group of ~15 people who meet two criteria:

a. Do I know about your fears & failures?
I love hearing about your new product release, wedding, IPO, sports car, CNBC interview, etc. But I can already do that everywhere else on the web. One filter I've used on P2 is "do I know about their fears and failures, not just successes." I ache for P2 to be a digital version of the late night heart-to-heart over whiskey, not just another place to +1 your backstage pics with Lady Gaga. 


b. Are you friends with my friends? 
As said earlier, I find P2 most pleasing when it's a friend network with strong ties. Thus I've been more likely to accept a friend request from someone who is already friends with my existing Path graph. Maybe it's also because I'm likely to keep encountering this person commenting/viewing my friend's posts anyway so they become more familiar (a tweak on 2a).


Josh Constine at TechCrunch feels similarly about the need to limit friending. He writes:
To retain its value, Path must somehow keep users from reducing its distinction from existing social networks. Its on-boarding process may need to help by suggesting you only add your closest friends based on those you wall post or @reply with. It will hurt its growth, and finding the proper language will be tricky, but it is crucial that Path make it clear to users that they shouldn’t add just anyone.


5) Intimacy vs Virality: Those Damn "Seen" #s
Lots of the P2 design choices are wonderful and detailed. The one I totally disagree with is making "view by #" a default piece of metadata. Seeing high #s on my friends' posts (because they've accepted more friend requests) is subtle pressure for me to friend more people as well to establish my credibility within the ecosystem. Path has focused on creating value in its feature, not via game mechanics and this is the one inconsistent decision. My solution would be to record that data and make it visible only to the post's author in their own view. That way i can see which of my posts had the most interaction relative to the size of my own graph.

What's so fascinating here is that because of the small group nature, my own use of Path 2.0 feels more subject to how my friends intend to use it than just about any other social service. If I can't find any unique communal social interaction - either because that's not Path's direction or my friends want to take the app in a different direction - then it could be an interesting "single player game" maintaining my own timeline but rarely looking at other people's posts.

Either way Path 2.0 is worthy of discussion and seeing what sticks.

Kudos to similar posts by Charles Hudson and Brenden Mulligan

Saturday, December 10, 2011

One last thought on Louis CK's Beacon experiment

LouisCK direct to fan shows TV future might not be channels unbundling from cable but creators unbundling from channels

Linden Lab logo treatments, circa 2002

 Doing Spring, err Winter, Cleaning and found some various logo concepts for Linden Lab (parent company of virtual world Second Life) circa 2002. We went with the upper left because it felt the most organic - made us think of both science (molecules, geometry) and nature (leaf, crosscut of tree).

"I'm just some guy:" Louis CK sells direct to fans AND IT WORKS

Comedian Louis CK is showing us the future. On sale as of this morning is a video of his latest standup routine. It's $5. It's sold directly on his website. It's without DRM. 

This is the same type of special he previously would distribute via cable tv. But those options are no longer appealing to him for reasons of business, brand and creative control. Via NYTimes:


"Why should I go through a cable network when I can just give it directly to the people who want to see it? It’s so much easier, and it’s an interesting experiment.”


And indeed the experiment is live


Will it work? (where "work" is defined as Louis - an established but not quite mainstream comedian - feeling satisfied with the outcome) My guess is yes - Louis was already selling out theaters, already has a TV show with full creative control. I think he'll cover his costs - might not make more $ than if he sold it to cable upfront, but ultimately for the most talented folks it's not just about the dollars. It's about the connection with the fans, the personal satisfaction of building and the chance to stick to your guns.


As consumers, it feels shitty to pay big companies. It feels GREAT to pay creators.


Here's Louis' version of "legalese:"


To those who might wish to "torrent" this video: look, I don't really get the whole "torrent" thing. I don't know enough about it to judge either way. But I'd just like you to consider this: I made this video extremely easy to use against well-informed advice. I was told that it would be easier to torrent the way I made it, but I chose to do it this way anyway, because I want it to be easy for people to watch and enjoy this video in any way they want without "corporate" restrictions.
Please bear in mind that I am not a company or a corporation. I'm just some guy. I paid for the production and posting of this video with my own money. I would like to be able to post more material to the fans in this way, which makes it cheaper for the buyer and more pleasant for me. So, please help me keep this being a good idea. I can't stop you from torrenting; all I can do is politely ask you to pay your five little dollars, enjoy the video, and let other people find it in the same way.
Sincerely,
Louis C.K.

Friday, December 09, 2011

Concrete Jungle Where Dreams Are Made Of: Great Article About Tourism & NYC

Nice New York Magazine article on how tourism is keeping NYC afloat - 50 millions visitors in 2011 representing $47 billion annual slice of economy. To accomplish this feat Mayor Bloomberg has applied business principles to the marketing of New York. Some choice passages:

“Part of my job is tourism,” Bloomberg says once the photo op is over. “ ‘Hi, how are you, welcome to New York.’ You gotta make people feel happy.”


The offices of NYC & Company, at 810 Seventh Avenue, are a Bloombergian open-plan playpen that seems more like a tech start-up than home to the city’s tourism brain trust. Inside, 155 staffers divided into thirteen units, some working around the clock in shifts, are busy doing one thing: selling New York. NYC & Company is not a city agency, although it has city DNA. Dreamed up by Bloomberg and his former deputy Dan Doctoroff, it is formally a 501(c)6 nonprofit corporation. In effect, however, NYC & Company is a large, full-service marketing, public-relations, and advertising agency whose main source of funding and sole client happens to be the city. 

It was determined early on, for example, “that New York can’t have a tagline,” Fertitta says. A slogan, any slogan, would drag it down to the level of a Minneapolis (“City by Nature”) or Chicago (“Second to None”). The closest NYC & Company would come to a tagline was the minimalist “This is New York City.” Next came the logo. The so-called Brand Identity Project, which started with the chunky NYC insignia on taxis, took five years for almost every city agency (some enthusiastically, some kicking and screaming) to adopt. “The mayor wanted everyone to feel like they’re part of the same team,” says Willy Wong, the company’s chief creative officer, while the lettering itself “conveyed a sense of strength.” Like it or not, New York now had a font.

“We are New York. We don’t pay anybody. You pay us.”

On Becoming a Parent....

Scene: A Thursday night in November, San Francisco, dinner for about 16 people

Childless Friend: So Hunter, will it change when you're a dad? [we're expecting our first child this Jan/Feb]

Me: You know I've been thinking about that a lot. There are really two things I'm most excited about. First, to love something in a different and intense way but know that i can't really control them. I want to hug but not too tight. The kid needs to find their own way also. Second, the chance to experience the world through the eyes of someone who is seeing it all for the first time. And to help them understand and interpret it. Man, i think that will be so cool.

Childless Friend: Uh okay, but i meant are you, like, still going to be able to come out to dinner?

Thursday, December 08, 2011

Why Twitter is making it easy to buy from Amazon (hint: it's all about ads)

Why is Twitter making it easier to buy from Amazon? They elegantly unpack shortened Amazon URLs to create a very nice product page on Twitter.com (below). I saw this for the first time a few nights ago and erroneously thought it was a new feature but turns out it's been live since June and also supports similar displays for a number of other services (Foursquare, Meetup, etc). 
Most people assume Twitter's goal with this layout is to play the role of Amazon affiliate and make money from ecommerce transactions. They certainly might be one strategy but the more immediate business motive has less to do with participating in transactions and more to do with increasing the value of advertising on Twitter. What? How does this display help Promoted Tweets/Accounts/Trends?

What you are willing to pay for an ad is a function of the value it drives for you. Twitter sells Promoted products to advertisers who are willing to assign some ROI to the value of a RT, a follow, etc but ultimately these actions must turn into a sale. The more Twitter can do to increase conversion rates, the more they are worth as a channel to advertisers. If Twitter can create an onsite environment which leads to more sales for Amazon, then Amazon is willing to pay more per click since the conversion rate is high. Let's say the above UX doubled the CTR through to the Amazon website for El Camino sales. Accordingly, this also just doubled the value the get from Twitter and what Amazon would be willing to pay to be a Promoted Account since each new follower's lifetime value is higher than it was before this feature launch.

Twitter will continue to create better, more immersive onsite designs around their data. Sure it's about a great user experience but ultimately it's also about increasing the value to advertisers.

Tuesday, December 06, 2011

Foursquare: Future giftcard player?

Congrats to Foursquare for hitting 15 million members! You're accumulating lots of data on where i frequent, here's how to make that useful for gift giving.

1) My FourSquare friends can automatically purchase gift cards for me at the places i frequent most
// Let my friends see my total checkins and either purchase a gift card directly from that merchant or via one of the new custom gift card services.

2) Let anyone buy me a giftcard to my favorite restaurant/clothingstore/etc without revealing what the location is
// A little trickier but you can offer anyone the ability to buy me a gift at my favorite restaurant/clothingstore/etc (based on check-ins) without actually telling them what it is (so you still protect my data). I admit this one is a little weirder use case but i was thinking about how to keep check-in data private but still offer gift services.

Basically I think #1 is an easy good idea. #2 is possible but too complex.

Maybe the solution is for Foursquare to partner w Visa/Mastercard for a vanity pre-paid giftcard solution?

Any other ideas on how Foursquare check-in data can be used for better gift giving experiences?

Update 12/7: Foursquare Product Manager Noah Weiss responded on G+ and confirmed that Foursquare has indeed been discussing ideas around gifting features.


"It's a great idea Hunter, and something we've talked about a bit internally. I think the biggest issue is around redemption. Ideally we'd want the gifter to give a gift that can only be redeemed at defined location (or set of locations) by the giftee, but then we can't use existing pre-paid gift gards like those from visa/mc. If we go with the later route, then there's no easy way to restrict location."

Web Urban Legends

Had some fun on Twitter today with #WebUrbanLegends (you can follow me @hunterwalk)

' Lean Startup Movement was founded when his iPhone autocorrected from "pinot" to "pivot" during trip to Napa 

An Oxford economist proved unexplainable correlation btw crop prices in Farmville & actual wheat prices in intl markets 

Each day Google engineers have a contest tied to some crazy word - if you are 1st to search for it, you win $1000

Evite was founded by devout Christians which is why you can't invite "666" people to an event 

If a baby is born in an  car it gets a lifetime pass to ride for free 

At one point in the summer of 1996,  Calacanis owned 7.8% of all registered domains 

Sunday, December 04, 2011

My "Celebrity Angels" post in GigaOm

A nice treat this weekend for me via @Om who featured my "Celebrity Angels: Future or Fad" post in GigaOm. They do very few guest posts so i'm honored that he wanted to include me and look forward to hopefully writing for them again.

Saturday, December 03, 2011

Four Productivity Tools That Rock

Here are four of my favorite newish productivity tools for you. All free!

  • Unsubscribe: One click unsubscribing from any email list (or fwd message to mail@unsubscribe). You'll wish you had a button like this for physical junk mail!
  • Rapportive: Browser plugin which adds amazing rich contact profile info right into Gmail. It tells you about the sender and also support one-click social actions for "follow on Twitter," "connect on LinkedIn," etc
  • Buffer: Schedule tweets and FB posts for specific times in the future. 
  • Job Change Notifier: Get email digests of friends who have changed their LinkedIn job summary. Not only helpful but hilarious to see people wordsmithing since it provides before/after comparison.