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upon hearing this, my first thought was that these guys are uber-smart and have a long range vision. the snapchat product is pretty brilliant in finding a niche and amping it up to the Nth dimension. then i went to their website and see snapchat stories, which looks like a mediocre product. they have very few job openings so doesn't even look like they are trying to generate revenue. so far they haven't show any ability to product an act 2 to their success and look more like a myspace flash in the pan, then a facebook platform innovator. also the fact that they are based in LA will be interesting. too many meetings with hollywood hype execs is not a good thing.
3 weeks, 6 days ago on For SnapChat, the line between brilliance and stupidity comes down to the fickleness of teens
If the biggest issue was fulfillment, they should have partnered with Amazon and given them a rev share.
3 months, 2 weeks ago on Bad Karma: Facebook buys, launches, and destroys one of my favorite apps
Digital is too 80s. How about Bit Coast. Medi-LA. This is tough.
5 months, 3 weeks ago on It’s time to end the “Silicon” branding of startup ecosystems. Let’s start with LA (survey)
@AltonSun btw - Tim Draper invested in a social network company I worked for. We were focused on being MySpace 2.0, taking the latest Ajax innovations and applying it to a social network. But Facebook redefined the industry by being the optimal product for its core market. Zuckerberg and the ConnectU guys had a perspective derived from being at a real campus. Entrepreneurship in a vacuum does not work.
7 months, 3 weeks ago on Tim Draper’s superhero-laden vision for the future of education is so nuts that it might actually work
@AltonSun They could come to our company (e-commerce) and interview our CEO or marketing manager. I'm just afraid most 18 year olds will only have enough background for social start-ups. They need to meet people in Enterprise or even fields where computing is non-existent.
I could be pessimistic like KenG, but on second thought, you cannot underestimate the impact technology has had on our world. Would the Arab Spring have succeeded without Facebook and Twitter? LinkedIn is changing how business relationships are formed. Micro-finance web sites are having a greater impact than Unicef. 100% entrepreneurship at age 18 is an iffy proposition. But if Draper can bring in appropriate external perspective (from outside the entrepeneurial domain), then I think it's an exercise worth trying.
I doubt the entire publishing industry is worth 3 billion.
8 months, 2 weeks ago on How much was GoodReads worth? My calculation says $3 billion
When you say under 10% of all retail sales, how big is the 100% of the market? Does 100% include supermarkets, car dealerships, vending machines, gasoline stations, etc? If so, 10% is a pretty good place to be.
10 months ago on Ecommerce 2.0: Hope or hype?
Hasn't Boomerang and to some degree Outlook with its flag feature had this functionality for years?
10 months ago on Wham, bam, thank you Mailbox…
Like newspapers pay AP, and music services pay music artists, so should commercial aggregators pay their sources.
10 months, 1 week ago on Aggregation isn’t evil. Doesn’t mean it’s good [Business Insider edition]
There is room to innovate in the music space. So far no music service has really been able to bridge the connection between music and a user's lifestream. I like the concept of watching a video of a favorite band while browsing through personal images. You could associate a playlist with a certain photo album and really shape the experience. Music is the quickest avenue to emotional connection. Personal photos is the second. Yesterday I was using my Rhapsody on mobile and the screen was just filled with a single static image of the artist. What if instead this filled with a photo stream of my pics along with my friends' pics. That's a competitive advantage far beyond Spotify or Rhapsody. And don't give me FB-Spotify could do this. FB UI is way too cluttered with ads. The argument that brands can't recover is short-sighted. Apple is the greatest example of a 2nd act and their first product of the new era, the bridge to recovering consumers, was music.
1 year ago on Cry Me a River: Why Justin Timberlake’s MySpace can’t take on Spotify and Rhapsody
It's not just Cook. Apple's market dominance comes with a price. In the past, iTunes was only able to get the buy in from record companies because of Apple's measly market share at the time (< 5%). Today, Apple can't make any headway with cable companies for their Apple TV product. This is the same product that Steve Jobs said he finally solved. But then again, compare Apple with Google. Google is taking extremely forward thinking shots like self-driving cars. Why isn't Apple looking that far ahead?
1 year, 3 months ago on Tim Cook’s Apple: A Perfectly Ordinary Company