Posts Tagged ‘business models’

Some Broadcasters Doth Protest Too Much.

September 25th, 2009

Change is certain, progress isn’t as internet media business models morph by the second in the never ending search for profitability.

Yesterday Erick Schonfeld posted an interesting article on TechCrunchLeaked Email: Quincy Smith Of CBS Wants To Counter “Reckless Hulu Streams,” which included a Contentinople piece quoting members of a recent Advertising Week discussion panel, who disparaged Hulu.com for giving away premium content.

Smith, CEO of CBS Interactive, confirmed the leaked email is real.  What remains to be seen is which entities’ business model succeeds, and which is based on product envy…

Read the full post here.

The lady doth protest too much, methinks.“ - William Shakespeare (1564 –1616), Hamlet Act 3, scene 2, 222–230

hulu-logo

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A Netflix Stream in Hand…

… would be a killer app – and in more ways than one; streaming more than one movie would easily eat up most people‘s iPhone minutes package on AT&T without making *any* calls… Today, from TechCrunch, via Hacking Netflix: Rumor: Netflix Streaming Coming To The iPhone by MG Siegler on August 3, 2009 One big story …

Dead Like Me.

I’ve been broadcast/cable tv free for about a month now, with only mild withdrawal symptoms (having really re-run episodes of NCIS makes great white noise for me when I work from home; so now I have to improvise….). Even so – the combination of watching/running Netflix offerings in the background is …

Hulu-baloo.

According to Silicon Alley Insider, with data partly from Comscore, 38 million people watched Hulu at least once in July - a viewership which easily topped Time Warner Cable‘s July viewership of 34 million. That same month, only DirecTV (47 million viewers) and Comcast (62 million) pulled larger audiences: While impressive, Hulu.com has a long way to go before reaching the cable companies’ …

Rescue Me

Each economic downturn brings some cultural shift or change; during this one I realized I’d pretty much given up on network TV. I’ve never watched even one “Survivor,” “Dancing with the Stars,” “American Idol” or “The Apprentice.”  I’m going to keep it that way. Other than some of the original series on cable …

For Whom The Bell Tolls… or, Another Business Model for $0.00

From Techcrunch, last week: At first this announcement appeared to be a good candidate for “News of the Weird:” Microsoft Officially Retires Soapbox, The Poor Man’s YouTube by Leena Rao on July 21, 2009 Microsoft’s YouTube clone Soapbox is officially shutting its doors, according to reports today. Soapbox, which was launched in 2006 as a hub for downloading …

Free is Not Always Free.

So – the featured speaker at the July 2009 Seattle Chamber of Commerce‘s speaker at this month’s “Author Speaker Breakfast” is Chris Anderson, author of FREE: The Future of a Radical Price: FREE: The Future of a Radical Price by Chris Anderson the bestselling author of the The Long Tail In his revolutionary …

Free is Sometimes Free: The Future of a Radical Price

For those not able to make the Seattle Chamber of Commerce breakfast tomorrow, featuring Chris Anderson talking about his book Free: The Future of a Radical Price, his presentation at Wired’s “Disruptive Business Conference” is available online, for free: Related content: Free is Not Always Free. So – the featured speaker at …

Free: The Future of a Radical New Price is now…Free!

Late last month, Chris Anderson released a free downloadable unabridged podcast/audiobook version of his book, Free: The Future of a Radical New Price as zipped mp3 files, and via  iTunes.  It chapter is an individual podcast; all of which are  narrated by Chris…

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Startup Weekend Redmond!

August 30th, 2009

I finally made it to my first Startup Weekend – and can’t wait until the next one.

What is Startup Weekend? Well, that depends in part on who else signs up; the ideas that are pitched; which of those ideas is selected; and then how each of the self organizing team run and develop the chosen ideas, and the business models to support them.

I essentially thought up an idea on the spot, then pitched 15 minutes later.  While not selected by the group to move forward with, I received some very positive feedback about my idea.  I think I will start building a private website to test the viability of this concept, and see where it goes.

Danielle Morrill has a great blog post on making the most of StartUp Weekend:

Thoughts on Making the Most of Startup Weekend by Danielle Morrill

Posted by Startup Weekend Crew

Startup Weekend is hitting San Francisco and Redmond simultaneously this weekend, and as a “veteran” of this awesome event I thought I’d share some tips and tricks for getting the most out of the time spent.

The Key: Everyone should code – with the possible exception of your “marketing lackey” (see more on that below).  Most people can do HTML or CSS, or can learn it quickly, for non-technical people this is your chance to stretch!

For those of you who don’t read long posts, here is the summary:

Maximize Productivity

  • Bring your own internet (MiFi, iPhone tether, broadband card, something!)
  • Use free tools like WordPress, Google Apps, Google App Engine etc. to get up and running quickly.
  • Get a “marketing lackey” to do anything that isn’t coding.
  • Remove all barriers to productivity for your engineers, period.
  • Don’t be afraid to fire people if it isn’t working out.

Manage Expectations

  • The first 10 hours after your team is formed will be “wasted”, deal with it without getting too aggravated.
  • Pad your estimates – build trust with new people, don’t let them down.
  • Skip the titles, equity, etc. conversations until after working proof of concept and biz model.

Build a Culture That Launches

  • Recruit developers first, poach the best people if you have to.
  • Focus on getting to proof of concept fast with just a few features.
  • Pick an idea you know how to build, add cool experimental features later if you have time.
  • Get customers right away – learn from them, treat them like gold.
  • Start planning your presentation/pitch early, it will help clarify your vision.

Maximize Productivity

Bring your own internet connection. Without fail, every Startup Weekend I’ve been to has had problems with internet connectivity, and if you’re building your project using cloud services for everything then you’ll be very frustrated with slow upload speeds, spotty connectivity, etc.  The MyFi pucks from Sprint are great.

Use WordPress. Unless your website is your service (and even if it is) use a self-hosted WordPress install (Dreamhostdoes a great one-click installation) to get something out there as early as possible with information about your team, your project, etc.  Get a Twitter account and start talking.  This is going to keep your team focused – and will also increase your chances of launching at the end of the weekend.

Use Google Apps to host your email and calendar and actually USE these things.  Having a separate email address and calendar for your team means they won’t be distracted by being in their person inbox.

Get a marketing lackey. Use a smart non-technical person (there are always a few hanging about looking for a way to contribute) who is savvy with blogging and content creation to work on this full time, and then use them to do random tasks like QA, project management, etc. as needed.  Engineers should not be doing anything but code, everyone’s else job is to create an environment where they can be productive and uninterrupted.

Don’t be afraid to fire people if they are wasting your time.  At a Six Hour Startup event in Seattle (which I sadly wasn’t at), Marina Martin is (in)famous for firing everyone who raised there hand when she asked “who are the project managers”.  Those who were offended left, and those who stuck around went on to launch the product as useful contributors.  That’s brutal, but if someone is in the way or more trouble than they’re worth you’ve got to do it out of respect to the rest of the team.

Manage Expectations

Expect the First 10 Hours Will Be Wasted, because they will – accept it.  This is kind of like being a poker player who only plays well when they’re on a comeback.  You’ll actually end up getting more done overall if you’re lagging behind on Saturday so don’t work.  Focus on keeping team motivated, otherwise you might be surprised to find the developer you were counting on doesn’t show up Sunday morning.

Pad all estimates. So you think you’ll have that feature coded up in 2 hours?  Plan for 4, you’ll be glad you did and your teammates will trust you more when you get it done in 3.  Remember, these people have never worked with you before and you’ll have to convince each other to do all sorts of things and make a lot of group decisions so building trust should always be on your mind.  Under-promise, over-deliver is the name of the game.

Don’t get into long conversations about titles or equity, the odds that you’ll turn this into a business are really low and these conversations involving money, power, etc. can really get you off track.  If you’re talking about this, it should be because you’ve successfully got a proof of concept and a business model.

Build a Culture That Launches

Make sure you recruit developers first, without them nothing else happens.  If you’re short on talent make sure to keep recruiting through the event, there are disfunctional groups falling apart and re-forming the entire time.  Snap up the best people by whatever means necessary.

Focus on getting to proof of concept fast with as few features a possible.  There is going to be all sorts of conflict, you’ll be working with people you’ve never met before, and there’s a learning curve for that.  You have to protect your team against anything demotivating – so try to get tangible results to celebrate as soon as possible.  Even if it is broke ass ugly, it’s better than nothing.

Pick an idea you know how to build, over an idea that it just effing cool. Take an inventory of the skillset of your team members to make sure your idea is realistic.  Bonus points if it could conceivably be a business with revenue unrelated to advertising.  You might find that by building something simple first you actually end up with enough time to also add that other cool stuff that was icing on the cake.

Get customers right away, don’t wait – use other attendees, etc. to test out your product and give you feedback, or recruit customers using social media tools.  Create a beta user list with Google Docs and treat those people like gold.  The more information you can process and iterate on, the better your product is going to be.  This might seem obvious, but a lot of group try to be really secretive.  The truth is no one cares what you’re building, they’re busy working on their own stuff.

Start thinking about how to present your product early, on Saturday night if possible.  This exercise of explaining what your product does to other people will actually help your product development process, pointing out parts that are confusing or overly complex.  If you are going to do a live demo practice A LOT – it’s Murphy’s Law that something will go wrong, plan to roll with it.  Slide decks are pretty boring, live demos are better.

I’m realizing the event is close approaching and there is still a lot left to say, but I’m going to post this and tweak it as I go… kind of like what you should do this weekend.  If you’re in SF, see you there – if not, my best wishes to everyone in Seattle – I hope you launch!  Drop me a note on Twitter @DanielleMorrill if you want to make sure we connect while we’re there.

Fun comments from this weekend via #swredmond:

#swredmond “So, what made you decide to go into business for yourself?
#swredmond “It was something my last boss said. Really what was that? You’re fired.”

#swredmond “So, what made you decide to go into business for yourself?

#swredmond “It was something my last boss said. Really what was that? You’re fired.”

In the meantime,  if Startup Weekend comes soon to a city near you –  GO!

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Others’ Thoughts From the Blogosphere.

Yesterday Scott Berkun wrote a very interesting blog post on How to call bullshit on a guru; equally interesting was the reader discussion which followed.   My favorites:   “Do you know how to innovate?  How?” “How interested is this guy in understanding my problem(s)?”. If they’re not, then they’re a hammer looking for nails, …

Just Do It: Loic Le Meur’s Ten Rules For Startup Success

Around 2000, during the height of Seattle‘s technology boom, one of my friends was a staffing manager for a large Seattle area software company and I was an independent consultant. Periodically she wanted to hire me to work onsite for her as a contractor; but I had more work than I …

Systems Thinking in the Real World

The more I read about  Steve Jobs, the more I want to work for Apple; except for the work | life balance, he really, really gets it, and on so many levels – about  people and about products. The good and bad of thinking in terms of systems is not many …

The Meaning of Life, the Universe and Everything

Which Questions Can’t Google Answer? In Douglas Adam’s Life, the Universe and Everything, Prak, a man who knows all that is true, confirms that 42 is indeed The Ultimate Answer, and confirms that it is impossible for both The Ultimate Answer and The Ultimate Question to be known about in the same universe …

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Free: The Future of a Radical New Price is now…Free!

August 6th, 2009

Late last month, Chris Anderson released a free downloadable unabridged podcast/audiobook version of his book, Free: The Future of a Radical New Price as zipped mp3 files, and via  iTunes.  It chapter is an individual podcast; all of which are  narrated by Chris.

Free: The Future of a Radical Price

Thanks, Chris :)

Hugh MacLeod today posted an interesting interview with Chris; several key takeaways for me were:

  • I’d like to be equally know for innovations in business models.
  • Don’t wait to be given a job to do something cool. Follow your passions, create something every day, take chances and try to be the best in the world at something, no matter how tiny and trivial.  Nothing impresses me more than initiative. And there has never been a better time to take it.
  • I think that leading people is perhaps the most important skill these days.  My business card says “Editor in Chief”. I suspect that if any of my children follow in my footsteps, their card will say “Community Manager”. Helping (and inspiring) other people to do cool stuff is what an editor does, and when you take it out of a purely professional media context that looks more and more like effective community management.  It’s a great skill and I admire those who do it well.

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For Whom The Bell Tolls… or, Another Business Model for $0.00

From Techcrunch, last week: At first this announcement appeared to be a good candidate for “News of the Weird:” Microsoft Officially Retires Soapbox, The Poor Man’s YouTube by Leena Rao on July 21, 2009 Microsoft’s YouTube clone Soapbox is officially shutting its doors, according to reports today. Soapbox, which was launched in 2006 as a hub for downloading …

Free is Not Always Free.

So – the featured speaker at the July 2009 Seattle Chamber of Commerce’s speaker at this month’s “Author Speaker Breakfast” is Chris Anderson, author of FREE: The Future of a Radical Price: FREE: The Future of a Radical Price by Chris Anderson the bestselling author of the The Long Tail In his revolutionary …

Free is Sometimes Free: The Future of a Radical Price

For those not able to make the Seattle Chamber of Commerce breakfast tomorrow, featuring Chris Anderson talking about his book Free: The Future of a Radical Price, his presentation at Wired’s “Disruptive Business Conference” is available online, for free: Related content: Free is Not Always Free. So – the featured speaker at …

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Free is Not Always Free.

July 9th, 2009

So – the featured speaker at the July 2009 Seattle Chamber of Commerce‘s speaker at this month’s “Author Speaker Breakfast” is Chris Anderson, author of FREE: The Future of a Radical Price:

FREE: The Future of a Radical Price by Chris Anderson the bestselling author of the The Long Tail

In his revolutionary bestseller, The Long TailChris Anderson demonstrated how the online marketplace creates niche markets that allow products and consumers to connect in a way that has never been possible before. Now, in his new book, FREE: The Future of a Radical Price, Anderson makes a compelling case that many businesses can profit more from giving things away for free than they can by charging for them. Far more than a promotional gimmick, “Free” is a business strategy that is essential to a company’s survival.

The concept of “Free” was introduced in the last century as a marketing trick, giving away one thing to charge you for another. But as this new century dawned, “Free” was changed by digital economics–things now really can be free. As a result, entire industries are being built on new business models such as “Freemium,” where most people get the product for free and a few people pay for a premium version. FREE: The Future of a Radical Price describes and explains the business model that seems impossible: you can make money by giving things away.

Anderson also explores how this radical idea will function in the new global economy and demonstrates how this zero-dollar price can be harnessed for the benefit your consumers and your business.

Ironically, the Chamber is charging to attend this event: $15 if early registration; $20 if not, not including the cost of parking in downtown Seattle; which can now cost $25 or more a day.

Then again – list price of Anderson’s book is $26.95, which may make the breakfast a bargain.

Malcolm Gladwell wrote an interesting review of Free which includes this wry note:

“Credit Suisse estimates that YouTube will lose close to half a billion dollars this year. If it were a bank, it would be eligible for TARP funds.”

Free: The Future of a Radical Price book cover

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Irony is Everywhere

Tonight the LA Times online today includes an obituary for Dave Freeman, co-author of “100 Things to Do Before you Die.”  (Side note - I’m a little confused about the date – theoretically both the LA Times and I are located in the Pacific US time zone, and it’s definitely August

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