Sarah Lacy
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@ScottWeitzman be nice!
@sirhomealot @sarahlacy oh we pick and chose. for instance, he can't touch the laptop or my phone but he can play with the iPad all day long. so far he seems to get the difference as long as we're consistent! but i might be entering a world of pain...
besides a lot of toys look like the real things.
@sirhomealot i'm not a big fan of judging other people's parenting. i *am* a fan in general of turning things into toys, rather than buying a ton of toys. i haven't experienced any signs that a remote is particularly harmful for him. he loves to push buttons.
@ArcticLlama the decoy doesn't work for us. he wants the one we have. also tried the couch cushions but now he knows to look there. :(
bizarre that paul mentions second life TWICE in this episode...
of course the key is keeping them capital efficient and using those instant revenues to help grow the team-- at least imho. even ReadWriteWeb which i can *barely say* sold for $5m.
I totally agree with a lot of this. I'd add that there are even bigger exits than the ones we've seen because someone has to create the next generation huge, huge media companies. The Fortunes the BusinessWeeks the VanityFair's the People Magazines etc. These will take a very very long time, but there's so little downside on a content investment and potentially very large upside or a nice base hit.
@MatthewMountford last one is the best... i appreciate the service of summarizing the way too long video for others ;)
@AustenjAllred @sarahcuda didn't know that... interesting indeed!
@craigbutters thanks WITN viewer #1
@RedRookDigital i like the tshirt idea!
I'd also bring up the Howard Stern example here. Remember when Howard went to Sirius and it was supposed to make it mainstream, ala cable tv? That didn't exactly pan out. And being behind the subscriber wall really deteriorated Howard Stern's brand and influence. i was at a movie premiere the other day and he walked the red carpet and i heard some teens say, "That's the guy from america's got talent!"
I think this has to do with whether you want to build a media company or be a sole highly paid blogger. Brooks' quote-- “The brilliant part about any paywall is that it always works no matter the size of readership. Even if you only have one member, you’re getting paid.”-- makes almost zero sense if the ambition is the former. paywalls most definitely do not work "no matter the size of the readership" if you have employees to pay.
the end of this is so great.
i might even listen to these during holiday travel...
@paulcarr @sarahlacy @MsTaggart there's nothing for you to apologize for Paul. You'd think someone in a snit because of our uber coverage would have done such "hard hitting" analysis on the investors we share with Uber ;) argument sort of falls apart...
@MsTaggart we disclose all of our investors for this reason. you could have looked on our about page to see that Matt is an investor, you don't have to go to crunchbase. this is hardly uncovering some big secret.
our investors are widespread and are all invested in companies that all compete with one another. you are welcome to draw whatever conclusions you want, but i find it funny that no one points out the many, many times that we write incredibly harsh things about companies we share investors with. For instance, I've been brutal to ShoeDazzle and BeachMint-- both of which overlap with us on investors. And one of our bigger investors is also one of Uber's investors-- Menlo Ventures. We've also directly called out Andreessen Horowitz for what we called sneaky behavior in our scouts story -- although Marc Andreessen is one of our personal investors.
The reality is that while trolls lob it every once in a while, this criticism never sticks to us, because it's bullshit. we call out companies all the time who we share investors with and we complement companies we share investors with. the only logical explanation if you look at the entire record of our converge and our constant disclosure of any perceived conflicts is that we write what we believe in.
but i admit, it's must be fun for trolls like you to pick and chose the ones you want, rather than look at the entire picture. fortunately, the vast majority of our readers are far more thoughtful than you.
i am so annoyed. Paul sold me on getting this perfect hoody for my husband for christmas and now they are sold out. Thanks Farhad. (I can safely leave this in the comments because my husband would NEVER WATCH WITN)