Tools of the Trade

A few weeks ago, I had blogged about Nick Denton’s list on  tools used by start-ups.  Today, I came across a similar list, this time created by the team at 37Signals, the creators of Backpack and Basecamp, among other thoughtful software, as well as the Ruby on Rails  web framework.

37Signals is the model I have for how a software development company should think and act. There’s no doubt that they are a smart group of people, and their list of tools for various tasks should help guide many faced with similar tasks.

Istanbul New Economy Group

Yesterday, we had the first meeting of the Istanbul New Economy Group (NEG?) at Bizim Tepe (no links, because the BT website is a disgrace.)  About 40 people showed up.  The format was primarily a cocktail party, with a round of introductions by the participants. Thanks to all who showed up.

My goal for NEG is to create a forum where ideas around entrepreneurship, innovation, technology and venture capital can be shared more freely than they presently are in Istanbul.  I would like to modify the format for the next meeting to include a set of presentations by entrepreneurs, project managers at large companies, and potentially VCs, on what they are working on.  I think these presentations can ignite the idea exchange and the feedback loop that ultimately enables these ideas to grow.

In the next few weeks, I will organize a mailing list for the participants in NEG.  I look froward to any thoughts and/or suggestions.

Newspapers Have It Easy

Joseph O’Connell has a good post about the community aspect that the newspapers are lacking, inspired by a blog post by Scott Anderson.  It points to the drastic difference in the  level of activity on (and hence the utility provided by) Craigslist vs. Newsday, during the disastrous MTA strike in NYC in December.  The point is that newspapers, built principally on a legacy business model based on one-way communication, lack the community that’s enjoyed by the newer media players built on a networked platform.  Joseph and Jeff Jarvis discuss some underlying reasons for this phenomenon.

I think the newspapers are lucky and have stronger inherent defenses against new media, relative to broadcast.  This inherent barriers are related to the medium itself.  Newspapers are paper – and not just standard paper, but newsprint broadsheets.  If you have come across the PDF versions of the NY Times they give out at some hotels and resorts, you know that the online version is not an exact substitute for a real copy of the Times on your lap.

Not so for CNN or Fox.  The video clip on my 15′ laptop is an extremely good substitute for what’s on TV.  If I were a TV executive, I would be paying very close attention to the dynamics in print media in its battle with what’s going on online – websites, blogs, etc.  The disruptive wave that broadcast media will face, as the pieces fall into place in infrastructure (broadband penetration) and hardware & software (consumer electronics), will be much greater than what the print media has been dealing with.

I Should Be Paid for this Post

In this post, I will be linking to (thus advertising) an advertising venture:

The Million Dollar Homepage

This venture was the topic of some "here’s the bubble again" and "the return of kooky business models" type rambling a few months ago. Here they are, down to their last 1,000 pixels – which they are auctioning on eBay!  Brilliant… 🙂  Means that they have booked $999,000 in revenues.

Kooky, opportunistic, fluffy… Whatever you would like to call it, they mark a new milestone in online advertising.  Is there still a debate on when online advertising is going to mature?

Coldplay Doesn’t Get It

Cp
I love Coldplay.  So it is with some sadness that I have to dedicate my first post of the new year to how they don’t understand the forces in play in media today.

A few months ago, I bought their CD X&Y.  (It’s a great album.)  The first thing I typically do when I buy a CD is to rip it to my laptop, so that I can (i) easily listen to music while I work, and (ii) have the album on my iPod.  With X&Y, I could not do this.

Because, the DRM software on the CD does not allow you to copy it to a hard drive
. They also let you know that this is "so that you can enjoy high quality music"…  and, they only let you know about this once you’ve bought the CD (as BoingBoing points out).  How can they be so short-sighted?

I got curious.  Coldplay’s label is Capitol, who’s got a horrible flash website (a possible sign that they don’t get it either).  Browsing their website, my eyes lit up:  a link labeled "Downloads".  I rush to see which songs of which artists are published…  Hehe, the downloads are stupid e-cards, banners and wallpapers.  Not a byte of sound!

On to Coldplay’s own website…  They have a free members area, but with only samples of their music.

Now here’s the problem.  I can not put this CD on my iPod, but someone (actually, many people) has and it’s easily available on the web.  So what Coldplay has done is piss off a fan and force him to go and steal(!) when he’s already purchased the right to listen to this album.

Fred Wilson had ranted about the same issue, regarding Dave Matthews, so I know I am not alone in being pissed off.

The winners will be the content providers (read: artists) who understand how the consumers (read: fans) will increasingly control the mode of consumption.

Resolutions

Scott Maxwell of Insight Partners has a couple of good blog posts; one suggesting new year’s resolutions for young company CEOs, and the other discussing  strategy advantages young companies can exploit.

The first one very explicitly displays what I had always found difficult in my tenure as the CEO of a young company.  Scott instructs picking a maximum of three of the focus areas he lists.  While it’s true that most companies could prioritize the topics and find which ones need the most attention, the list under TOP PRIORITY – CRITICAL heading is almost always longer than three. That was where having partners/co-founders proved invaluable.  The fact that we were a team of founders meant that each member cared equally about each task, and that afforded each of us the peace of mind that’s otherwise tough to attain.

As a part of his resolutions list, Scott points to his strategy post, and suggest picking up to three of these items.  I disagree with Scott in the other direction on this point.  I think capitalizing on only one of these strategy examples is often sufficient.

Brad Feld thinks #10 in the first list is the most important. I agree.