About MeCo-Founder and Managing Partner of DominateFund. Author of Captivology: The Science of Capturing People's Attention (2015). Former Co-Editor of Mashable and Columnist of CNET.
Category Archives: Business
“Even without a secondary offering, millions more Twitter shares will be coming onto the market now that lock-up expirations have begun. That additional dilution may mean even more pain for Twitter shareholders in the weeks or months ahead.”That’s fair. That’s potentially accurate. But the key phrase here is “weeks or months” — not “months or years”. Everyone seems to forget a couple of key facts about tech companies just after their IPOs:
- Stocks go through massive fluctuations during their first year on the public market as employees, management and investors adjust.
- It takes time — a lot of time — for a company to start realizing returns from the money it raises during its IPO, whether that’s in the form of revenue, users or stock price.
- One day and one week drops are horrendous predictors of a company’s success.
- The role scarcity and working memory play on our attention.
- How Nintendo’s Shigeru Miyamoto created one of the world’s most iconic characters.
- The power that framing and salience have in directing our attention.
- The secret sauce of disruptive campaigns and viral products.
- Sheryl Sandberg on the power of motivation when it comes to capturing attention.
A Few Other AnnouncementsI’m working on Captivology on top of my day job as Co-founder and Managing Partner of
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The Next Battleground
The battle for smartphone dominance may not matter in five to ten years though, because I believe a new battleground will soon emerge: wearable tech. Yes, I am talking about smart watches and Google Glass. While the technology today draws curious stares and makes you look like a cyborg, it will vastly improve to the point where we will wonder why we actually carried around bulky computing devices in our pockets. Will wearable tech look like Google Glass in a decade? Probably not. And that’s why Microsoft still has an opportunity to dominate by creating a compelling product that doesn’t look like anything else on the market. Microsoft can no longer dominate the smartphone market. The best it can hope for is a few percentage points of market share over the next decade. In fact, Microsoft risks missing the next big trend by focusing on a few percentage points of a market that, several decades from now, will probably not exist. That’s the beauty of technology — it changes so quickly that new opportunities present themselves often enough for a company like Microsoft to turn their fortunes around. Ballmer is
“Unlike in previous booms, the tech industry isn’t creating as many middle-class jobs or as much goodwill. The gap between Silicon Valley’s high and low earners is widening, with average per-capita incomes going up while median household incomes have fallen for the third consecutive year, according to Joint Venture Silicon Valley, a private group that publishes an annual report card on the region. In a region that lays claim to some of the world’s wealthiest companies, food stamp participation has hit a 10-year high, and homelessness has increased 20% in the last two years, the group found.”We can do better than this. This is not a (complete) indictment of SF’s tech community. There are some that have gone above and beyond the call of duty to help San Francisco (Dorsey, Conway), and others who volunteer with a favorite charity or keep active with their neighborhood. I suspect, though, that the vast majority of us techies aren’t doing the things that we, as civic-minded individuals, should be doing. Simple things like volunteering, attending neighborhood meetings, manning the polling booths, meeting our neighbors. Oh, and did I mention volunteering? But we need to do more. No matter if you’ve been here for three months or thirty years, this place is now your home. Our home. And while you may be overwhelmed by your startup, it isn’t an excuse to ignore the state of your home and the plight of others. Make it a company activity if you have to. Every little bit helps. I love this city. I love being able to walk from my apartment in Russian Hill and dance away at a blues and jazz street fair. I love being able to hike through Lands End to the beach and relaxing with friends. I love the city’s secret pop-up art gatherings. I don’t want these things to go away. I also love the tech community, and its idealism and its innovation. I don’t think that the tech industry and San Francisco are incompatible in any way. I simply think we, as a tech community, need to make a greater individual effort to be part of the community at large. So if you haven’t been very civic thanks to your startup or your long-ass ride on the Google bus, ok, I understand. But let’s start something now. I’m committing to volunteering in San Francisco — something I haven’t done enough of since my Eagle Scout days — and I hope you’ll join me in embracing San Francisco as well. Go to the Opera and donate if you love music. Go check out
- AOL: “We do not have any knowledge of the Prism program.”
- Microsoft: “If the government has a broader voluntary national security program to gather customer data we don’t participate in it.”