Category Archives: Recommended Links

Technology, Green and Entrepreneurship

Technology: Here is a picture of Moore’s Law in action.

Green: Ever wondered why you know that the recommended service interval for changing your oil in your car is 3000 miles and has been “forever”.  The skeptic is  looking into it.

Entrepreneurship: One of my favorite entrepreneurship writers is Joel Spolsky.  Joel started his career at Microsoft and currently he is president of a software development company in New York City. I love the fact that he has a clear voice as to how he wants to run his company.  I subscribe to his blog and try to read his articles in Inc. Magazine.  This month he talks about the reason (!-not plural) companies fail and relates a humorous Thanksgiving dream.

Social Action, Entrepreneurship, Marketing & a Big Idea

Social Action: Here is an intriguing idea.  If a complete stranger offered to donate money to charity if they could have dinner with you, would you accept?  I love the way that Franke James tells this story.  Why wouldn’t it work elsewhere?

Entrepreneurship: Paul Graham has another winner – Startups in 13 Sentences. Another look at ways to win with a new venture.

Fun: I have talked before about the TED conference. Check out what David Merrill from MIT can do with Siftables, a computerized tile, that he and his team have built.

Marketing: Over at the Startup Blog, there were some good ideas and resources about improving your results from using PR, by focusing your copy on terms that are search engine optimized.

Big Ideas: Yesterday I wrote about Matt Miller’s book, The Tyranny of Dead Ideas.  One of his other assertions in the book hit me pretty hard.  He talks about the Lower Upper class in America.  The Lower Uppers are those at the lower end of the Upper class.  Those professionals, doctors, architects, lawyers, senior corporate executives and the like have been told all their life that the world is a meritocracy – you will earn in accordance with your merit. The financial meltdown has dealt these folks a different reality.  When they see hedge fund managers making billions personally while losing their client’s funds, when they see corporate executives like Bob Nardelli take home hundreds of millions of dollars from Home Depot while not moving the stock price at all, when they see Stan O’Neal rewarded with a severance package worth over a hundred million while leaving Merrill Lynch in a position where it had to be sold — these Lower Uppers, to use a line from the movie Network, are” mad as hell and not going to take it anymore.”  Matt wrote a column in the Daily Beast where he talks about the positive things that might come out of this.

Entrepreneurship, Friday Fun and Video

Technology: One of the fun things that I get to do as an advisor is read through lots of business plans.  OK, not so much fun, but interesting.  While a business plan is a serious document, the best business plans have some life to them.  You want to be able to use color, text formatting and some graphical images to help make the best case and to keep your reader engaged.  Full pages of 10 point Times-Roman will put anyone to sleep.  A new feature in Office 2007, called SmartArt,  can help to give your business document a little life. Don’t overuse this or it will become like clip art, but a judicious use of these types of elements will go a long way to ensuring that your reader is still awake at the end of your document.

Entrepreneurship: New ideas for products and services are out there folks.  I pointed last week to Mark Cuban’s Open Source Funding idea. From the reader of this blog, I got a business summary for a new magazine that could be developed.  And lastly, with  a combination of technology and social action, Joshua Silver created a new product that literally allows people in poor areas of the world, to see.

Friday Fun: So, in these turbulent financial times, maybe you should go back to basics.  How about becoming a semi driver? It may not be as easy as it seems.

Weekend Video: Public television station WGBH in Boston produces Frontline.  If you are at all interested in finding out more about how the financial crisis developed, take an hour this weekend and watch this video.  And if you want Mark Cuban’s humorous look at the crisis, check this video out.

Finance and Google

Only two topics today, although there is a lot of meat on the first one…

Finance: There has been a lot of talk recently about the future of publishing, especially newspapers.  The financial subscription and advertising models that used to work are not working now; actually they haven’t been working for years, but it has finally caught up with the publishers. 

Walter Isaacson, former managing editor of Time Magazine, wrote a Time cover story that advocated the utilization of micropayments.  In this model, the reader would pay some small amount to access the articles they wish to view.  The income generated in this manner would fund the operations of a complete news organization, advocates believe.

I am not so sure. There are a lot of problems with this idea, including the transaction costs and the nuisance of nickle and diming customers. Michael Kinsley, writing an Op-Ed piece in the New York Times, agreed with me.

Jack Shafer believes that we already have a model for paying for discrete units of information.  We just need to think outside of the box, the browser box, that is.

The debate continues. On the Freakonomics blog, they asked 4 experts their thoughts on micropayments. Ian Ayres believes the solution to be creation of national endowments for investigative journalism by all world democracies.

Another interesting discussion is going on at Harvard’s Law School Blog, where Doc Searles and others are debating the micropayments issue.  A compelling side point in the comments talks about users willingly paying papers for coverage of certain topics.  In other words, changing the entire newspaper business model on its head.

Google: Google has made a couple of announcements this week that add some neat features to some of their products:

Google Docs has added the ability to have validation for cells in Spreadsheets.  This will allow you to check for valid email addresses or dates and not allow bad data to be saved to your spreadsheet. (via Blogoscoped)

GMail has added the ability to define custom colors to its screens.  Now, I am not a designer, so I will continue to use the themes that they announced in November, but if you have the color sense, you can now craft GMail into your style.

Retail, Entrepreneurship, Financial and Politics

Retail: Microsoft has announced plans to open up retail stores and have hired their first VP of Retail.  Robert Scoble takes an opportunity to give Microsoft some pointers on what they should do to differentiate themselves from Apple and Best Buy.

Entrepreneurship: I just love it when I can uncover a new blog (to me) that takes a different look at things that I am interested in.  So, I found Micah who talks about entrepreneurship.  However, he looks at it at a little bit of an angle.  For example, here are three of his latest essays, “What is an Entrepreneur?“, “The Economics of Stripping” and “Cauldron of Friction“.

Financial: On Friday, I asked about what the big banks were doing with their taxpayer funds.  Apparantly, nothing, according to their testimony on Capitol Hill.

Politics: So, the Democrats handed President Obama the stimulus package that he asked for.  How are the Republicans taking this?  Frank Rich of the New York Times  talks about the win, while Andrew Sullivan of the The Daily Dish castigates the Republicans for getting us into this mess and then whining about fiscal responsibility.

Technology: Ever wonder about how the phone company figures out the charges for text messaging?  So, did Senator Kohl from Wisconsin.  He couldn’t get much further than you or I.

Fun: For a fortune cookie style blog, Amy Flanagan runs theshortestblogintheworld.  Today was a classic Amy: What if Snopes is a hoax?

Technology, Art, Entrepreneurship, Bailout

Irony Alert: Google just bought a paper processing plant in Finland, so that they could repurpose the building into a data center.

Technology: Kevin Kelly has written a great (and long) post about the Amish and technology.  To go back to my software days, the Amish are not in the Early Adopter portion of consumerdom, but surprisingly to many of us, they are a part of the technology buying spectrum.

Fun: Ever had a photo that you wanted to see reimaged as a charcoal sketch? You don’t have to break out the Photoshop. I have used the service at Dumpr in the past and been very happy with the results. Dumpr has some very interesting options, including celebrity pics.  There is a new site, BeFunky that offers a number of other transformations, including cartoon, stencil, sunburst and inkify.

Behind the Scenes: I admit it.  I love knowing what is going on behind the scenes.  Have you ever wondered what goes on when your television news team goes to commercial? Check this out.

Entrepreneurship: John Patterson writes A Counter-Intuitive Lesson in Clarity (grammar alert).  In it he talks about what makes entrepreneurs tick and why they need to surround themselves with people who have different worldviews. This is a key point in the growth of an entrepreneur… The ability to accept that you are a vision person and work with others who can help you refine your grand scheme into a viable moneymaking business opportunity.

Financial: Steven Pearlstein, writing in the Washington Post, today talks about Citizens South, a small bank in North Carolina. Citizens South is a well managed bank. They didn’t make risky loans and stayed conservative. Impressive among banks, they even turned a profit last year.  Their president, Kim Price, applied for TARP bailout funds and received $20.5 million.  Citizens South had no plans for the money until Price came up with a plan to offer, in conjunction with builders, low rate mortgages and no closing costs.  Now mortgages are available to people who otherwise wouldn’t buy a house in this economic climate.  A feel good story for sure.
However, I wonder about why a profitable bank that didn’t make bad loans is making the financial decision to take taxpayer money.  Apparently, the bailout funds don’t come with a strong enough deterrent to focus their use for the most heavily impacted banks. While I am excited that this bank thought outside the box enough to expand home ownership to their customer base, why is the American taxpayer paying for this and what have the big guys (Citi, Bank of America, Chase) done with their bailout funds?

Philanthropy, Brand Execution, Security and Distributed Systems

Philanthropy: Trendwatching.com writes about Generation G, the generation not of Greed (see Gordon Gekko of Wall Street fame), but of Giving.  In these troubled economic times, it is interesting to see that the generation coming of age now seems to be more interested in the G for giving.
Just this week, a group I am affiliated with held a fundraising breakfast.  This year’s total amount pledged was 40% more than last year and the official I spoke with said that she is seeing this trend at many of the breakfasts she hosts.
Lastly, my favorite Generation G story relates to Adam Carter. Adam is the son of a good friend of mine.  Adam spends about 7 months each year providing funds and manual labor on humanitarian missions in Latin America, the Middle East, Africa and Southeast Asia as a part of a group called 100 Friends.  The other 5 months of the year, Adam earns his traveling money as a beer vendor at Wrigley Field and US Cellular Field.  He maintains a blog with his current exploits (including a video about his visit to Senegal).

Marketing: Brand Execution. I have a friend who likes to say “It’s all about me.” In her case, it usually is :). But when it comes to your business, it can’t be all about you.  It has to be about the business.  Jeff Leitner has brought this point together with a short riff on American Idol.

I don’t know if you watch American Idol, but every now and then the judges ask the kids why they chose to sing a particular song.
And the kids ALWAYS say it’s because the song means a lot to them.
And, of course, that’s the wrong move.
Sing a song that best shows off your vocals – whether you’ve got a big voice, small voice, high range, low range, big range, whether you can do runs or are particularly good or bad at expressing the lyrics.
I see the same dynamic in business all the time.
Business owners choose locations, hire people, design logos and launch products because they like those locations, people, logos and products. That’s fine that they have taste, but they should leave the taste at home. Choose locations, people, logos and products that will make you successful in your business.

If you have thought through your business and made the vision tight, you can’t afford to bring in extraneous items just because you like them.  If your concept is a classic French bistro, you can’t hang Chicago Cubs paraphernalia from the walls, just because you are a die-hard Cubs fan. You can bleed Cubbie blue in the comfort of your home.  But unless you are opening a sports bar in Wrigleyville, the Cubs stuff needs to stay at home.   Utrillo prints, maybe. In a dark corner.

Entrepreneurship: On Tuesday, I posted about the Open Source Challenge that Mark Cuban had started. Today, Seth Godin talked about it and helps provide future entrepreneurs with some ideas to get started.

Security: Bruce Schneier pointed me to this article on Facebook security. Note than on that page, there is a link to a free Facebook security e-book to pass along to others.

Big Picture: In a post earlier this week, I pointed to a discussion with Amory Lovins where he posited that electric generators will soon be microsized and distributed into a giant web. Kevin Kelly has also broached the same general topic in his article “The Surest Way to Smartness is through Massive Dumbness”.
The future of business is distributed systems. Look at Google. Google could not serve its customers with mainframe systems; they use an extraordinary number of cheap, custom processors. Kevin Kelly’s article highlighted a most basic industry – cement delivery – and how distributed systems (computers, GPS, authority) created a competitive advantage for one company. How can you take advantage of this trend in your business?

Strategy, Fun, Entrepreneurship, Politics and Talent

Strategy: Andy Sernovitz talks about why things are going to be better. And I think I agree with him. (hat tip: JL)

Fun: The first harbinger of spring is about to arrive.  Not the robins.  Not the daffodils.  But the call for “Pitchers and Catchers Report to spring training.”  The Cubs are scheduled to start on Friday, February 13 and the White Sox are scheduled to start on Sunday, February 15.

Entrepreneurship: Andrew Anker introduces the term “flashlight” as it relates to corporate leadership.  Flashlights are “people who shine brightly in one direction, but don’t let off too much light otherwise“. He manages to compare the New York Yankees and Apple Computer into this discussion.

Politics: One of the things that I actually enjoyed about this past presidential election was the fivethirtyeight.com website that was created by Nate Silver.  Nate, who in his day job develops statistical models for Baseball Prospectus, took that same talent and used it to very accurately predict the outcome of the presidential and congressional races. He continues to write about current political issues with a statistician’s flair.  Mental Floss took a look at Nate’s work in this article.

Talent: I am currently reading Geoff Colvin‘s latest book, Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else.  I also have Malcolm Gladwell‘s book Outliers: The Story of Success on reserve at the library.  Each book uses examples of extraordinary achievers to show that there is no such thing as talent.  Each author uses the work of Anders Ericsson, professor of psychology at Florida State University, as a basis for debunking the talent myth.  The Australian does a nice profile on Ericsson.

Energy, Economics, Politics, Technology and an Award

Business: Did you ever wonder what happens to all of the sports memorabilia that gets manufactured in advance of a big event with the name and logo of the losing team?  Good news, it gets donated.

Energy: I have been interested in the path of energy use in this country, ever since I took a Senior Seminar on Energy in college.  At that time, Amory Lovins was a leading voice of the doom and gloom prognosticators.  In this easy to read  article, he talks about the future of energy distribution.  This reminds  me of the change from central phone switching systems to cellular towers everywhere.
In other news, Google has started a pilot program that will develop energy solutions, starting with providing energy usage breakdowns for your house.  If you knew the cost of using specific items, you would have an idea as to where to start conservation efforts, right?

Business: Jim Jacoby wrote a thoughtful piece comparing the macro economy to the community within a company or project team.

Entrepreneurship: OK folks, those of you with a great idea, step right on up.  Mark Cuban is proposing his own stimulus plan called Open Source Funding.  He will be reviewing business plans and looking to fund the most impressive.  There are some ground rules, though.  You must post your business plan for all to review.  You will be funded month to month.  You need to be cash flow positive in 60 days and profitable in 90 days. No advertising income.   Still an interesting idea, if you have the business plan and the moxie to publish it.

Politics: Bob Woodward has some advice for President Barack Obama based on lessons learned during President George W. Bush‘s presidency.

Technology: Have a need to generate an org chart or flowchart but don’t want to shell out the big bucks for Visio?  Check out an easy to use, free, web based alternative that is fun to play with called Lovely Charts.

Economy: Today’s “Wow, didn’t see that one coming award”. The CEO of Netflix, Reed Hastings, published an open letter to President Obama in the New York Times recently asking that his taxes be raised.

Strategy, Business and Legos

Big Picture: Paul Graham is a very strategic thinker.  In his essay, “Keep Your Identity Small“, he compares religious and political arguments to most others.  The key, he opines, is that you don’t have to be an expert to argue about either topic.  In most other areas, one doesn’t usually participate in an discussion unless she has a minimum level of expertise.  In religion and politics, anything goes.  Paul advises us to keep our Identity small, so that we can be more tolerant of other’s positions.

Consulting: Ian Ayres talked about relational versus non-relational arrangements with large consulting companies.  Pretty dull stuff, until Ian related these to Charlie Sheen‘s trial for using prostitutes and his quote “I don’t pay them for sex.  I pay them to leave.”

Chicago: What if Oprah bought the Chicago Sun-Times?,  Phil Rosenthal muses.

Business: Time Magazine discusses how this recession compares with others regarding job losses.  It is scary out there folks.

Art: Something about the economy must be helping the Lego folks.  There was a creative look at New York via Lego.  And then this story about an artist who uses Lego bricks in his creations. And the inauguration in Lego.

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