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@hobsons_choice If you dont want reader's opinions then switch off comments. At least Mike Arrington a real journalist whom I respect does that. I did not know when insulting readers became part of journalism. Thank goodness other blogs exist with real content relevant to me.
2 years, 5 months ago on Samuel L Jackson’s Patronizing, Hypocritical Viral Message To Obama Voters
@PaulEmekaEze Go read this again and get re-educated: http://pandodaily.com/2012/01/16/why-i-started-pandodaily/
@PaulEmekaEze You are probably writing out of your ass if you dont know what Sarah Lacy said when she founded PandoDaily
I say it again. IS PANDODAILY BECOMING HUFFINGTON POST? WTF is it with all these politics? Please keep your views to yourselves or I am getting the fuck outta here.
This was not your best and probably belongs in another blog. What is Pandodaily turning into? Huffpost??
2 years, 5 months ago on The Unfinished Story of Us
Africa and Asia are the largest and fastest growing markets for mobile yet Tandem decides to be located in Silicon Valley? If they are really serious about international mobile startups then they should be in Africa or Asia as well instead of bothering about US Visas and all. If they are serious about international expansion we have space for them in Accra the home of Saya and others yet to be unleashed.
2 years, 5 months ago on Tandem, a Mobile-Centric Accelerator, Puts New Emphasis on International Startups
This was for the page views right?
Let us keep watching the polls and let voters decide this less than two months from now. Posts like these will make people like me stop reading Pandodaily.
2 years, 5 months ago on Romney May Suck at Social Media, Doesn’t Mean He Won’t Be President
@sarahlacy LOL!! I wouldn't like to meet him when he is angry. I am in SF next week hope to get another picture with him for my collection :)
2 years, 6 months ago on Why Isn’t This News: The Baby Stays In The Picture
Wow! That guy is just a year old this month?
@Francisco Dao Was that a man sausage I just saw on Pandodaily?!! @elicuda reads these pages!!
2 years, 6 months ago on Why I Don’t Worry About Missing Burning Man
One of your best Farhad. I had to read it twice because I loved the analysis
2 years, 6 months ago on Copying Works: How Samsung’s Decision to Mimic Apple Paid Off in Spades
@mattmireles I must confess that analogy made me really laugh :)
2 years, 6 months ago on The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley?
....."take a second and remember that most entrepreneurs (even YC founders) are broke asses making shit salaries whose financial lives are leveraged to the hilt and who could use the break of not being totally hosed when their startup fails." ........
I guess that is what you sign up for when you join the army? Startups are temporary organizations searching for a repeatable scalable business model and I may sound idealistic here but the original premise was not to find the quickest soft landing, it was to hit a home-run. If an acqui-hire was the home run then SV expectations are being scaled back and I guess that was the point of Sarah's post.
If Sarah was able to raise money pre-product then it was either the scouts were sure that she would definitely hit a home run because of her track record or it was because she already had a home run in the bag.
@sarahcuda I meant Sequoia is NOW exploring other markets
Tough love from a mom and an entrepreneur.
I remember a line from "Love Must Be Tough", James Dobson's famous book on relationships. "Relationships are like tires on a car., a blowout is better than a slow leak". This is principle I apply religiously in all my relationships.
The most spectacular blowouts happen in more efficient markets like the public markets and Facebook, Zynga, Groupon are evidence of that but sadly Silicon Valley still drinks its own Koolaid and gets high on it. The market for ideas and talent is becoming inefficient. Maybe it is the "incestuous relationships" you mention and maybe it is because of the fear of not taking bold risks anymore as Founders Fund mentioned in their essay on "What Happened To The Future".
Whatever it is, it only means that Silicon Valley has reached a plateau in the sigmoid curve of growth and it is a prime target for disruption itself. Crowd-funding may do it or the major players will just move away to more efficient markets the same way Sequoia is not exploring new investments in Israel, Brazil and China.
I don't think anyone is ready to heed @sarahcuda 's wakeup call just yet, the keg is still full of "koolaid".
I don't know what you are talking about but thanks for letting me know about them. I have just subscribed and discontinuing some Zinio purchases
2 years, 6 months ago on A Bold Step for the Future of Magazines? A Review of Next Issue for iPad
How can I bring them to Africa? That is all I am thinking now. The only problem is that one-click may not work that well in a place where people make a living of trying to beat the system. I am sure there are even more exciting things that can be done in a predominantly mobile ecosystem not necessarily just for the affluent or early adopters. The numbers are impressive.
2 years, 6 months ago on Braintree Buys Venmo for $26M — If PayPal Wasn’t Scared Before, It Should Be Now
I ask myself the question "why the fuck do I look forward to @Francisco Dao 's posts?" Answer: Because he is consistently awesome.
In reality you can only get to this WTF stage when you are at a higher level in Abraham Maslow's hierarchy. You could also ask "why the fuck is there any need for etiquette?" A: Because we are not barbarians and as @sarahlacy mentioned in her response sometimes you just do things now because you dont want to ask yourself "Why the fuck did I not do that earlier?".
Why the fuck do I come back to Pandodaily? They have a fucking awesome team but I will still attend TechCrunch Disrupt SF next month
2 years, 6 months ago on The Ultimate Productivity Tool
Will Apple just buy @Square now so we can see a real fight with Google Wallet and Visa?
2 years, 6 months ago on Starbucks Approached Square After Rejecting Every Other Mobile Payment Player
@mary_Linda16 Nice comment and great survey tool. What if Facebook changed its model slightly and allowed you to pay for surveys and to advertise yourself? There are millions of small businesses and professionals who could use tools like surverytool. You should sell to Facebook :)
2 years, 6 months ago on Facebook Needs New Revenue Streams, Fast
I am beginning to think that I am clairvoyant. I saw this coming a mile of and registered two domains to do something similar in Africa last week
2 years, 7 months ago on TuneIn Raises $16M, Hits 40M Monthly Users with Streaming Radio
Wow! I now see what @ericries meant!!
2 years, 7 months ago on Tipalti Dramatically Simplifies Worldwide Payment for Mass-Payers
Just downloaded it as I desperately needed it. Very cool Twitter client too!
2 years, 7 months ago on Twitter Has Been Shredded Into Slices – Just What It Needed
I see things differently. While the iPhone is a cash cow, the company will not be so foolish enough to depend on it continuing to be the cash cow forever. There are some slight changes I have seen that will have long lasting impact on Apple's growth and one of them is the fact that they are aggressively moving into new markets.
There is now a "Nigerian iTunes Store" and I guess the next thing that will follow is "Nigerian Apple stores" and similar moves in emerging market countries with strong demand. It is a an open secret that most of the aspirational gadget purchases are made in markets like Nigeria. RIM Blackberries are still very popular in Nigeria and South Africa and sales in these markets may still be what is keeping RIM alive. Apple dont have to sell the newest cutting edge products to these new markets to make money, they can even sell the 1st generation iPhones and iPads and people will rush to buy them.
They made two significant plays recently, they bought a security company which means they may start taking a plunge into payments very seriously and the new "Passbook" feature coming up in the next version of IOS. If they actually make smaller iPads and move aggressively into payments and emerging markets, we may be seeing a different Apple altogether.
I think Apple's strength has been in innovation and creating new markets, I dont think they have lost that touch yet. My bet is still on them. Apple builds ecosystems and loyal followers in a way no other technology company has been able to do. I have 4 Macs and bought every generation of iPhones, iPads and iPods. Yes I am a fanboy and I make no apologies. I just love their products.
....typed on a MacBook Air while awaiting delivery of the MacBook Pro with Retina display
2 years, 7 months ago on What If the Next iPhone Is A Miss? A Deep Dive Into Apple’s High-Wire Act
2 years, 7 months ago on Virtual Incubator to All, nReduce Adds Mentors and Demo Days — Is It the Pre-AngelList?
The company is using PR to fight “the myth” that Facebook ads don’t work. - I believe that myth now because I clicked on my first Facebook ad only today and it was worthless.
On payments. I remember what @ericries said recently: "To micropayments startups: web ads are already a working micropayments system at scale. The challenge is to make the user the customer." My first thought was Facebook!!
2 years, 7 months ago on Facebook Needs New Revenue Streams, Fast
I still actually love driving up and down the El Camino Real. One of the things I look forward to when visiting the Bay Area
2 years, 7 months ago on The (dis)Connected World, Pt. 2: The Broken Promise of the Internet
@theman did you have a discussion with my wife before writing this? She will print this and remind me of your words forever cc: @Asie Arkhurst @AsieArkhurst
I use Asana infrequently anyway and it is cool
2 years, 7 months ago on In It to Win It: Asana Raises $28M Series B, Peter Thiel Joins the Board
Sorry Sarah but......Billionaires funding Billionaires and it makes news? These are bored billionaires playing games with money. They should go build a new space shuttle or hyperloop or something.... :)
@cdnpal You are really cracking me up here and beginning to sound like Dave Chapelle's character "Conspiracy Brother". If I didn't know @sarahcuda personally and can be called a friend, I would not have found those assertions totally baseless and ludicrous.
As any passionate entrepreneur, she is a human being and allowed a certain level of subjectivity which is sometimes reflected in her posts or her business decisions but what I have not seen in her is even the slightest hint of impropriety or un-ethical standards. I am also very objective with her and call her out when I feel she is wrong. I told her so in this blog post: http://asemota.posterous.com/why-ghana-is-the-best-location-for-an-african
She is also very close to Mike Arrington (her old boss, also a PandoDaily investor) and would in fact be closer to him than Peter Thiel but you would have read what happened to their business relationship when he decided to speak at TechCrunch Disrupt? While I personally felt she overreacted it shows you that she has no untouchables or sacred cows on the PandoDaily shareholder list.
Just get to know her, she is a wonderful person and one of the most fascinating people I have ever met. In the meantime you can enjoy the Dave Chapelle video below :)
2 years, 7 months ago on Exactly How Screwed Is PayPal? (Hint: Very)
@cdnpal Yes the strategy is formed by people and executed by people but I dont agree that there is a Thiel Pandodaily conspiracy going on here.
Consumers generate traffic and the numbers on Alexa and others is because Paypal still holds significant market share. What @sarahcuda is pointing out here basically is that we have reached an inflection point where only two things can happen. Paypal is either disrupted and dies or it plots a new growth curve by creating new markets which is what I believe they are trying to do but rather slowly.
One curious thing is that with all the great people they are hiring why then do they still let machines do their work for them? They probably have not realized that they have moved into a service business and their primary customer is the merchant who can only aggregate customers if their pain is minimized. They still have a "product mindset" looking at the end user and not the merchant.
@cdnpal Thanks for that wonderful reminder! Paypal's payment terminal strategy is eerily reminiscent of Microsoft's OEM strategy. They have also blatantly cloned the Square dongle too. It will be interesting to see how this all plays out.
Reading this article I remember what Peter Thiel himself said in his class at Stanford: "...Conventions can get covered up and become secrets again. It’s often the case that people stop believing things that they or previous generations had believed in the past"
There was no mention in the article of Paypal's move to the brick and mortar real world commerce or of its recent tie-ups with existing payment terminal manufacturers like Ingenico. While I agree that Paypal is a royal pain I wont write them off quickly. Someone I discussed with earlier also mentioned the small matter of patents that they have in the space. Yes they became complacent and true they have real problems with new competition on the block, but I see them getting aggressive with "real world merchants".
The biggest coup for Papal would be in the emerging markets and they have started to dip their toe in it with a presence in South Africa. In spite of successes like MPESA and MTN Uganda, mobile payments in a place like Africa is in a mess and there is a serious need for real standards and interoperability. There are Paypal like payment aggregators and gateways already offering online payment and merchant aggregation but they exist in silos and have not scaled. Paypal has a lot more in common with the various mobile wallets in Africa than Google Wallet and payment terminal integration is a game changer.
The problem with Paypal is that they have moved late but lets remember Microsoft and Netscape and never forget.
@rjdempsey @gsuberland Paypal has tied up with existing payment terminal providers like Ingenico and it is therefore quicker for a Paypal to be at the local Sainsbury much sooner than a Bitcoin or anything of such
This is a nice and funny story
2 years, 7 months ago on How Wedgies Sidestepped a Domain Squatting Felon to Offer Shareable Online Surveys
From our own small corner of the universe with minuscule valuations I wrote a comment on a post today:
"I think......The business is not property like cars and houses, it is a legal person, an entity on its own with other people sharing fiduciary duty for its success as a going concern. Like humans, businesses also grow and if you want to be truly successful your business should grow larger than you as an individual"
I think the problem lies in the subjective nature of valuation in "the developed part of the world". I read somewhere that almost half of the world's corporate "value" resides in America. If the CEO/Founder/Leader/Dictator also did not want to gain some benefit from this subjective valuation and investment by "outsiders" in potential they would have just stuck to funding from earnings the old fashioned way or just remain funded by private equity.
I struggle with the last 3 paragraphs of your post. We all know the trend of public investments is towards the short term so why then do entrepreneurs still choose this option? I dont think there is any altruism on both sides, it is about who wins or loses first.
2 years, 7 months ago on Won’t Someone Please Think of the Activist Shareholders! The World Needs More Yahoos
@theman you just keep outdoing yourself! When I think you have written your best you come up with another great one :)
I was 9 when I sold fruit from my grandfather's orchard in the streets of my mother's village in Africa and that exposure hardwired me for understanding products and customers. I however did not discover that this was the path I was meant to follow until I stumbled on a book titled "Winners" in my school library as a pre-med biology major. That book with a quote by Ray Kroc on persistence and perseverance made me give up any thoughts of med school and opted instead for an MBA.
I believe what is required is early exposure to entrepreneurship opportunities to boost "midi-chlorian count". We need to rethink the curriculum. The educational curriculum in places like Africa is outdated. It was meant to train colonial subjects to become good civil servants of the realm and empires. African education creates stormtroopers and it becomes very fertile ground for "Sith Lords" to emerge and wreak havoc.
I only discovered that leverage was not necessarily an evil thing after reading the book "Winners". I never knew you did not need to have all the money in the world before building Disneyland. A lot of people in Africa still feel that those who are in business have "superpowers" or that you need rich uncles or parents to succeed.
I would be the champion of this sort of school in Africa and any initiative that breaks the "stormtrooper" mentality. This is a homerun Francisco Dao.
2 years, 7 months ago on How Do You Identify a Jedi Knight?
@dionlisle1 Mpesa and and others in Africa have evolved. The agents were and are still a valuable part of the ecosystem but P2P and merchant payments now need little if any agent intervention. With most of the cash now in the MPesa/MFS system as float something truly great has happened in Kenya and rapidly spreading all over Africa. Cash will not die easily but if there is no need for a physical wallet cash may follow quickly. As improbable as it may sound, my bet is on models learned from Africa being taken back to the developed world. The future nature of value will be determined by digital natives still kids or yet unborn.
2 years, 7 months ago on Square: The Mega-Disrupter Everyone Wants to Be In, Even the Investors Who Keep Passing
I am glad MPesa was mentioned here as it is "unquestionably the leader of the mobile payment pack in terms of innovation", vision, cash, team, and buzz I will concede to Square. The ambitions are certainly gargantuan and it has sparked off a frenzy of innovation in companies from the like of Paypal to traditional POS hardware manufacturers like Verifone and Ingenico but there is a fundamental problem you didn't mention here which is that it depends on swiping the magnetic bit of a card while the rest of the world has since gone Pin and Chip. Even the wanna-be-Square clones have EMV dongles already: http://www.swiffpay.com/
The real trouble the investors may be having is that the traditional POS manufacturers and even Paypal have quickly caught on and they have significant advantages in markets that Square is still only dreaming about. Then there are the two 900 pound Gorillas in the room; Google.and Apple.
Personally I think Square's best interests will be served by an Apple investment or an outright acquisition. There is synergy and Apple's current dip into the wallet technology with IOS 6 makes them a match made in heaven.
Square's real value was changing payments by providing a physical interface between existing payment mechanisms and mobile. It opened the eyes of others to what was possible the same way Apple opened the eyes of the world to personal computing. Together with Apple they can possibly create a "post physical wallet" era the same way Apple has created a "Post PC era". The fight is really not against cash but the physical wallet.
@sarahcuda almost ruined this by turning me away with the "Nigerian Prince" reference but this is a great article about what I always believed about looking for alternative funding models for startups. This will work very well in Africa and that is why we need our own "tailored" version of AngelList
2 years, 8 months ago on Take That Crowdfunding Cynics! Rally Raises Largest AngelList Deal Ever
@sarahcuda By the way, @mikebutcher was right. This is NOT Sub-Saharan Africa's first Accelerator
2 years, 8 months ago on Valley Vets Launch $10M Savannah Fund, Sub-Saharan Africa’s First Accelerator
@pemullen Dear Sir, I respectfully and proudly wear the title of "Apple Fanboy". A constituency of 400 Million people and almost a religion. @parislemon is our leader.
2 years, 8 months ago on Apple’s Passbook Already Has Your Credit Card, and the Rest of the Wallet Will Follow
"Alliy expects that they’ll end up raising as much from local Kenyans as from foreigners, which is a good sign that the country will embrace their efforts, they’ll have the buy in of local mentors, and it will be more sustainable." - I discussed this with Mbwanna the last time I was in SF and told him that the real money is in Africa and we really dont need any money from outside to do this.
I have been on a project where $285m was raised locally by a local PE company for a telecoms project and this was 10 years ago. My belief is that what we need is the knowledge to make this happen properly and the will to collaborate and build self sustaining startup hubs and communities. Silicon Valley exists not because of the money but the ideas and the network. The local entrepreneurs who have been there need to become mentors and give back not only knowledge but funding. It will not happen remotely.
I can understand why there will be trepadition by foreign investors because you can also pump billions into Africa and get nothing if the fundamentals are not addressed. A lot of the existing funds like Helios are pumping money into infrastructure and payments and that is where to really begin. Helios has about a $900m war chest and $10m is chump change compared to that but it is a start.
For us at Afrinnova we believe that the models in Africa DO NOT have to ape Silicon Valley. How about MFI models solely for very small tech ventures before funds?Africa has the opportunities no doubt but the thinking has to be different. MPesa was not built on SV type hype but hard and brutal work. The success led to the growth of the tech hub and other initiativess around it. MPesa was successful in Kenya but sadly did not scale across Africa. We need more Mpesas around Africa to spur this growth. I believe MicroPayments is the key and not funds. Proper investments need to be made on more MPesa like succeses as payments are the fundamental layer startups need to grow.
@pemullen You Sir, are in the minority
"400 Million accounts with credit cards and quick buying on App Store" then "Passbook is a new app for storing plane or movie tickets like Fandango and store cards. If you’re close by a related store, geolocate will offer up the relevant card". Apple has officially become a payments company
2 years, 8 months ago on WWDC: The Key Details From Today’s Apple Event
Another great one from @TheMan . He has proven beyond doubt to @sarahlacy that he is "THE MAN" at PandoDaily
2 years, 9 months ago on The New Entrepreneur Classification System
- The operator then tracked a couple which had a 45 minute conversation, five seconds at a time.
“The lengths people go to to duct tape together a solution for themselves is staggering,” says Jones. -
Welcome to our side of "the real World"
2 years, 9 months ago on Starscriber to Help Carlos Slim Better Monetize Chile’s Prepaid Mobile Users
@SimonHui Probably explains why Google bought Motorola after they lost control of Android and why Facebook desperately needs a hardware platform they call their own
2 years, 9 months ago on How Facebook Can Solve Its Mobile Problem: Build a Browser
@RayCromwell Other explanations for why those 3 reasons listed above led to rapid growth can also be attributed to vision and leadership. If Zuckerberg lacked those then he would not have gone on the current path. Management is one of the vital functions of a CEO but I believe leadership is the most important. Leadership should not be confused with management. Leaders lead people. Managers manage tasks and people.
2 years, 9 months ago on Today Is Just the End of the Beginning for Mark Zuckerberg