August 30th, 2012 § § permalink
This article suggests that after 6 big exits, suddenly the whole space of web startups is less exciting and we should look to other fields.
In the wake of the Facebook IPO, something funny has happened to the world of startups. Suddenly, startups feel very boring. VCs and entrepreneurs say they feel it too. “I do feel a bit like that, but then again that could also just be the startups I’m happening to see,” one investor said.
I find that to be bollocks. There are still things on the world that can be improved or fixed trough web-based technologies, and that will never change. Sure, bio-tech and similar are emerging and creating new exciting spaces, that will bring improvements to our lives, and might generate bigger returns for investors in the next decade, but if returns are all that makes something exciting for someone, well, why don’t you go live on an island somewhere.
August 24th, 2012 § § permalink
Amazing how we never see opinions like these coming from within Silicon Valley itself.
Silicon Valley is facing an image problem. Facebook didn’t even leave the Valley to ring the opening bell on its tragic IPO, and that was after spending $1 Billion on Instagram. Meanwhile Zuck’s sister is shooting a “reality” show in San Francisco and calling it… well, reality. Let’s not forget the Angry Birds movie, either.
…the media in Silicon Valley needs to stop regurgitating the same stories to the top of Techmeme every day. Secondly, focus on BIG problems – stop saturating the media with acquisitions like Instagram which do nothing to actually change a significant problem in the world. Finally, look to the established giants who are solving the world’s most important problems – from healthcare, to politics, to green energy and education.
I agree almost completely, the valley as a business hub is becoming more about efficiently moving pieces of paper, than solving next greatest problem of the world. They are starting to resemble entertainment industry of south California.
One thing that we should see as their achievement and contribution to the world though, are numerous frameworks and recipes for reducing friction in entrepreneurship. Everyone around the world knows about the lean startup now, and it is helping to unleash new talents in other places.
Not sure why I’m remembering Monty Python right now.
August 16th, 2012 § Comments Off § permalink
This article made me think, that as a young entrepreneur, one has to realize that the big exits that are presented as success, actually require a very specific state of mind, which most of normal people would never submit themselves to.
Yes, if you are a startup entrepreneur and you hope for a billion dollar exit, chances are it’s not going to be smooth like Instagram’s, but convoluted like Facebook‘s, and you’ll have to piss off and disappoint a lot of people on the way.
Was the Social Media Tech IPO Boom a Big Scam? Billion-dollar cash-outs at Facebook, Zynga and Groupon. Abysmal stock performance. Tweet Jake Rajs / Getty Images Over the last year-and-a-half, several of the most prominent social media companies in the country have sold shares to investors in high-profile initial public offerings.
Are you sure you want to do it? I’m not.
May 30th, 2012 § Comments Off § permalink
Memory is a Golden Sieve (Photo credit: kern.justin)
… following a point from yesterday, it seems US economy is catching up with Europe:
BLANK: I teach science and engineering. I see my students trying to commercialize really hard stuff. But the VCs are only going to be interested in chasing the billions on their smart phones. Thank God we have small business research grants from the federal government, otherwise the Chinese would just grab them.
May 25th, 2012 § Comments Off § permalink
Geeks live their lives peacefully in the online world most of the time, but every now and then reality hits us on our heads - this article beautifully outlines how old-fashioned housing legislation in silicon valley is limiting the ability of online business to grow.
THE financial press went ape this week over the highly anticipated IPO of one Facebook, the Harvard social network turned $100 billion phenomenon. Facebook’s soaring valuation has focused attention on a Silicon Valley that is once again booming, and it has led many to wonder whether social networking isn’t inflating into yet another tech bubble.
(Photo credit: Wikipedia)
May 24th, 2012 § Comments Off § permalink
YouTube business model canvas sketch by Alexander Osterwalder (Photo credit: Wikipedia)
this article hits on a very important distinction but their point so short-sighted:
It’s almost comical to say there is a new business reality at play. This is because there are so many forces at work lately, that it seems as though new realities are created and killed almost every quarter. Opportunistic turbulence is probably the best term for it. I’d like to call one out for review Features can be business models.
‘feature’ is just a different way of calling the product’, or maybe, a ‘small product’. but to make it a business, you have to build the business infrastructure around the ‘feature’ – user acquisition, sales, financial controlling, hr, etc…
the only thing that changes is, that you can start with a ‘feature’ and build the rest later. but you better be prepared to do that, or you’ll miss your opportunity.
May 19th, 2012 § Comments Off § permalink
it’s always wise to check and keep in mind data from the wider field, not just the outlier. everyone fascinated by instagram and facebook should know all these other acquisitions by heart before talking about ‘the bubble’:
Instagram’s billion-dollar sale to Facebook raised eyebrows yesterday, renewing cries of a new bubble. But relative to other major acquisitions of the past, how does it measure up? I crunched the numbers, pulling together data from a selection of 30 notable internet acquisitions over the last ten years, from Broadcast.
May 18th, 2012 § Comments Off § permalink
Dashboard 1 (Photo credit: Wikipedia)
Lot’s of entrepreneurs are struggling with marketing these days. in fact, I hear that marketing and user acquisition is the single largest bottleneck for new startups.
This is truly remarkable step-by-step how-to guide for kickstarting your online marketing. understanding this is bare minimum that every person should know and understand. if you hire a consultant, make sure you know all this, so that you can asses if (s)he knows more.
If I were a business person looking to understand how to use various digital channel making tools to build up my business, where would I start? What’s the right mix of tools to make this all make sense and work?
May 14th, 2012 § Comments Off § permalink
all the entrepreneurs and VCs are drinking the same cool aid most of the time, and some get away with it. most have to come back to earth sooner or later and actually build business that provide hard value.
I find this metaphor of startup steroids very telling:
Startup steroids: Pinterest feels the burn of Facebook‘s Open Graph By Ben Popper on May 3, 2012 09:30 am 23Comments A packed room of more than 200 founders, VCs and internet bankers took a moment to look up from their iPhones and listen in hushed reverence as one of Silicon Valley‘s top investors explained what he looks for when choosing the…
… another buzzword in the valley these days is ‘virality engineer‘. everyone want one, who will save the startup by providing the growth everyone wants to see.
it’s great that we are aware of the users and obsessed with them, but the hockey stick is the end goal. the goal of an entrepreneur should be to create a sustainably growing organization, mix of products, people and processes that ensure continuos creation of value, with or without the original entrepreneur.
April 9th, 2012 § § permalink
Theme of Carmen's influence over Jose from Bizet's Carmen. Created in Lilypond using the G. Schirmer vocal score from 1895. (Photo credit: Wikipedia)
interesting article, with one key point: “your klout score might not be accurate measure of pure influence, but it does show if you are socializing your influence” – and by focusing on it, klout is training us all to be more social online.
of course the real reason why ‘socializing influence’ is being popularized, is because it helps the brands and merchants sell more trough their evangelists.
but at the same time, as a collateral damage, i believe making us more social is a significant and positive contribution of several web services these days – they are making us into different, hopefully better, humans of the future.
It’s fashionable to feign indifference to your Klout score, which measures online influence. Some professionals think it’s uncool to seem too interested in their rankings; others believe all you need to worry about is creating good content.