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Author: Bonnie

Is This the Social Media Tipping Point?

Is This the Social Media Tipping Point?

Mark Zuckerberg Quietly (Sold) His Facebook Stock back in March and as Recode reported in February, Mark Zuckerberg will likely sell billions of dollars of Facebook stock this year. He’s not alone. On Friday, Satya Nadella unload(ed) 30% of his Microsoft common stock in his biggest sale as CEO.

The Age of Social has reached a tipping point, and it’s taking all of tech with it.

Some can see the writing on the wall and are cutting their losses. Read More...

Post-Steve Jobs: Wash, Rinse, Repeat – Apple Hits $1T

Post-Steve Jobs: Wash, Rinse, Repeat – Apple Hits $1T

Here's to the crazy ones

What If Ma Bell Had Behaved Like Facebook? The Facebook Stock Fail Explained

What If Ma Bell Had Behaved Like Facebook? The Facebook Stock Fail Explained

Facebook’s stock took a nosedive last week, sending shockwaves through the stock market. Twitter also took a big hit. Time for perspective: the price is back to where it was in May. The stock price took a big jump in July, then came back down to earth.

Are we looking at end of days, an overdue correction, or time for Facebook et al to reexamine the business model?

The tech sector has no historic perspective. They have always felt that the rules of business don’t apply to them. Tech is a mere extension of utilities we’ve seen before. Facebook, in many respects, is the telco reimagined. Only, in this case, you can reach out and touch people globally, without incurring long distance charges. Or make a conference call, when it comes to posts. Read More...

Is Facebook a publisher? In public it says no, but in court it says yes. Who’s to say?

Is Facebook a publisher? In public it says no, but in court it says yes. Who’s to say?

Facebook raised ire last week when, in an interview with Recode’s Kara Swisher, Mark Zuckerberg volunteered, unsolicited, that the platform would not be banning holocaust deniers – an editorial decision, which would make Facebook a publisher. In fact, The Guardian recently asked, Is Facebook a publisher? In public it says no, but in court it says yes In its defense against a former app startup, Facebook is contradicting its long-held claim to be simply a neutral platform. Strengthening the argument – its business model: Facebook makes its money off advertising.

Zuckerberg did note that the company plans on adding 20,000 people to help police the platform and to watch Facebook Live videos and alert authorities when certain people may be about to harm themselves. The number hardly dents Facebook’s bottom line. As Techonomy notes, “(Facebook) is the most profitable large company that ever existed… Its 43% net margins, on revenues that this year will exceed $55 billion, are unprecedented for a company this size. That means it will have profits this year, after taxes, of roughly $23 billion.” Read More...

“Don’t teach people how to fish, but teach them to build fishing schools.” Esther Dyson’s long term thinking on healthcare in a short attention span world.

“Don’t teach people how to fish, but teach them to build fishing schools.” Esther Dyson’s long term thinking on healthcare in a short attention span world.

Esther Dyson spoke at a CapGemini event recently. If the name is unfamiliar, her LinkedIn profile is a start, but it’s not the half of it. Dyson was an early tech guru, impresario of the highly influential PC Forum conference  and the Release 1.0 newsletter, and friendly with Steve Jobs, Bill Gates – and Yours Truly.

Esther is a long-term thinker in a short attention span world. Her current focus: Wellville, where she has gone into five communities to disrupt healthcare by stopping health problems before they become problems, through education. As she put it, not to teach people how to fish, but how to build fishing schools. Will her program, which she calls not a startup but rather, the beginnings of a restaurant chain, make a difference? Time will tell: she’s four years into a 10-year project. As for the difference between long and short term thinking: her team is educating people about healthy food and food preparation, rather than delivering meal kits or take-out with the results (potentially) being making a difference on long-term health, rather than achieving a quick billion-dollar valuation. And bringing down insurance payouts and by extension, health care costs. A potentially multi-billion dollar savings. Read More...

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

The Wright Brothers Didn’t Have a Pilot’s License and More Sage Advice from Investors

Some investors put a lot of stock in startups or founders who have subject matter expertise. Jeanne Sullivan, founder of Starvest, loves to hear from founders who are doing something totally new, in which case, how can you be a subject matter expert. After all, as she said, “the Wright Brothers didn’t have a pilot’s license.“

We host a breakfast every two weeks with one investor and a small group of entrepreneurs. We prefer this over filling the room with 100-400 people, as investors tend to say things in a smaller group and impart information that might not come out during the Q&A in a larger group. Since it’s summer and many of the investors are away – which means that we’re only hosting one breakfast in July and one in August – we felt that this might be a good time to share some of the information that they’ve share with us (and the attendees) with you: Read More...

The Summer Advice Edition

The Summer Advice Edition

It’s summer. People unplug. Investors, who happen to have families and personal lives as well as the ability to offer you feedback or write you a check, also unplug, which is why you don’t see them on as many panels come summer. It’s a frenzy until the end of June, then dead air until after Labor Day. You know the drill. Same one every year. Wash, rinse, spin, repeat.

As one investor friend of ours put it, “summer is reserved for families & personal pursuits = LIFE!” Read More...

The Time’s Up Edition (Because ‘Heads Up’ Is No Longer Cutting It)

The Time’s Up Edition (Because ‘Heads Up’ Is No Longer Cutting It)

Mark Zuckerberg testified before Congress last month, and there were a few points he needed to clarify. He promised to get back to the legislators, and so he did.

Notes Buzzfeed (“Here Are 18 Things You Might Not Have Realized Facebook Tracks About You Including: information about your online and offline actions and other devices on your Wi-Fi network), “Last week, Congress released a massive document with written answers to those questions. These responses were a good reminder that Facebook records a ton of information about you.” Read More...

Mary Meeker’s Internet Trends Report – and What Was Not Said

Mary Meeker’s Internet Trends Report – and What Was Not Said

Every year, Kleiner Perkins partner Mary Meeker gives us her look at the trends in technology. This year in 294 slides. Here are some of the points, along with follow on points that she might have conveniently neglected to mention. She is a Silicon Valley tech investor, after all:

The Gig Economy

The gig economy is growing fast, with nearly seven million people projected to be working in it in the US by the end of this year, up 26% from 2017, said Meeker. Seventy-one percent of US gig workers say they “always wanted to be their own boss,” according to a survey Intuit conducted in November 2017. As Quartz points out (People are joining the gig economy because of a powerful myth), it’s the algorithm that’s in charge, determining “where the driver will head next, who she’ll pick up, and how much she’ll be paid for that trip. In other words, many important features of the job are outside the driver’s control.” Read More...

…In Which Yours Truly Resolves the Universal Basic Income Issue

…In Which Yours Truly Resolves the Universal Basic Income Issue

Every now and then we like to flip the model – and the talking points. Seems that the model of tech is freemium. Everyone loves to get stuff for free – no one more than the tech cartel, particularly Facebook and Google. As the Wall Street Journal (Tech’s Titans Tiptoe Towards Monopoly) noted, Google and Facebook “benefit from something historically unprecedented: the ability to get users to subsidize them with enormous quantities of free labor. Their systems are fueled by personal information.”

Here’s a thought: since the cartel are such outspoken advocates of Universal Basic Income, let’s make it easy for them to literally put their money where their mouths are by having them pay users for providing information/content every time they post/share/search. These systems are built on algorithms: they can no doubt figure it out. There’s even a metric for payment to writers. On the lowest end (and far from our rate, fyi): two cents per word. Read More...

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