Tuesday, July 28, 2009
Why Comments Matter
I was sitting at the pool in Portoroz Slovenia this afternoon and had an interesting experience.
I was sitting at the pool in Portoroz Slovenia this afternoon and had an interesting experience.
Like many teenagers, Josh Wilson, the 13-year-old son of the New York venture capitalist Fred Wilson, has on occasion visited the Internet’s peer-to-peer file-sharing services to download music and television shows.
James Altucher penned a column in today’s WSJ titled The Internet Is Dead (As An Investment). James is a fund manager and well read columnist on investing and he is entitled to his opinion.
David Hornik–a partner at August Capital Management LLC, which boasts raising the year’s biggest venture capital fund with its $650 million balanced-stage fund–weighs in on the challenges facing the VC industry, including what Union Square Ventures co-founder Fred Wilson has called “The Venture Capital Math Problem.”
This happened a bit with Google early this decade and it was certainly part of their decision to go public (reluctantly).
Jason Calacanis just put Twitter in business. How? He offered $250,000 to be one of 20 users in Twitter’s “Suggested Follows” for two years.
Twitter is growing so fast that being on the “suggested” list for new users can generate more than 10,000 followers a day.
Facebook’s announcement that they are opening up API access to user’s status updates (and more) is big news. The status update has become the ultimate social gesture. All last year, Facebook, who is the leader in social networking, focused on morphing the user experience, first to the news feed and ultimately to the status update as the primary user experience.
I’m all for transparency and mark to market. As Roger Ehrenberg has blogged about consistently, investors need to know what the underlying securities are worth inside banks, brokerage firms, insurance companies, hedge funds, private equity funds, and yes, venture capital funds.
Jeff Zucker, head of NBC Universal, was famously quoted earlier this year warning that the media industry had to work so “that we do not end up trading analog dollars for digital pennies.” It’s a great line and an even better observation. But I think it’s inevitable and it’s going to happen no matter how hard they try to avoid it.
The Treasury, the Fed, and Warren Buffet have been the only buyers in this meltdown and have been largely focused on financial companies.
Fifty to a hundred thousand high paying jobs are going to go up in smoke in NYC before this is all over. It’s a mess for this city; tax revenues are going to be down, real estate prices are going to be down, restaurants will fail, etc, etc.
Yesterday evening I took a quick look at Techmeme and saw that the top two posts at that point in time were Tim O’Reilly and my responses to Mike Arrington’s Yahoo post. I clicked through to see Tim’s post and noticed that Tim had done the same thing that I had done; simply cut and paste the comment I had left on Arrington’s post onto my blog.
Are wars really good for business? Is tech entrepreneurship in recession heading toward depression? The battle between Microsoft and Yahoo is reaching its climax (if not already). However, there are some very interesting and unique perspectives from two blog posts that jumped out at me–Kara Swisher and Fred Wilson. Kara has the funniest headline saying “Jesus Is Coming” with the storyline about the inside scoop on the “dance” between the two. What strikes me with Kara’s post is that Yahoo might already be defeated in the “brain drain” that they have been experiencing. Even if Yahoo survives, is it already dead on the vine?
So now, in addition to this blog, my tumblog, and twitter, I have to pay attention to what’s going on in FriendFeed. So it’s gone from being an aggregator of attention to a demander of attention. Good for them. That’s the way to play the game on the Web.
When I started blogging four and a half years ago, there was a clear delineation between bloggers and journalists. But that’s all changed, and now we have this new category, the journablogger.
The journablogger has his or her own blog or works in a blog network like paidContent, TechCrunch, Gigaom, Silicon Alley Insider, ReadWriteWeb, Mashable, VentureBeat, etc., etc. Just look at the top of Techmeme’s leaderboard and you’ll see them right next to the traditional journalists like the New York Times, The Wall Street Journal, CNET, etc.
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