Wednesday, March 18, 2009
Our chance for change - Obama says it all: what are YOU doing?
Barack Obama says it all: "We can't go back to an economy based on reckless speculation" and "we must rebuild our economy on a foundation that lasts"
We need to make this happen at our own level if we want this to work, we cannot keep doing business as usual waiting for the government to fix it for us.
What are YOU doing?
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Monday, March 16, 2009
Analysis of the Global Crisis
I just discovered through Reframeit this great blog on the global crisis. It provides a great analysis of what has been happening.
Check it out...
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Check it out...
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The rise of business accelerator seed funds
Just read a very interesting post from First Ascent Ventures blog providing some early data on how early stage funds are doing.
I am convinced that early stage funding models like YCombinator and others do work, and with this data we can get a feel for it. The key now is to fine tune the process to find the right balance between the value to entrepreneurs and the return for investors.
I started Entrepreneur Commons to bring yet another option for entrepreneurs, there is also no question in my mind that this type of model is a much needed change in the funding process today. And I was happy to see that Reid Hoffman thinks the same - see his article "Let Our Start-Ups Bail Us Out" in the Washington Post.
The good news is that Angel investment was approximately $20B in 2007 from the numbers I have seen, so now that data is starting to document that the model works, it can attract substantial amounts of money for real change.
2009 is looking like a good year so far :-)
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I am convinced that early stage funding models like YCombinator and others do work, and with this data we can get a feel for it. The key now is to fine tune the process to find the right balance between the value to entrepreneurs and the return for investors.
I started Entrepreneur Commons to bring yet another option for entrepreneurs, there is also no question in my mind that this type of model is a much needed change in the funding process today. And I was happy to see that Reid Hoffman thinks the same - see his article "Let Our Start-Ups Bail Us Out" in the Washington Post.
The good news is that Angel investment was approximately $20B in 2007 from the numbers I have seen, so now that data is starting to document that the model works, it can attract substantial amounts of money for real change.
2009 is looking like a good year so far :-)
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Obama to unveil proposals to help small businesses
Check the story here - somewhat disappointing so far:
While this is a nice move I am not convinced this will make a huge difference. SBA loans typically still require some guarantee from the borrower. So if my house is worth 30% less than last year, do I still have enough to make a difference for my small business? And while the government guarantees the loans, it does not chance the selection criteria that banks have set, so if I did not qualify last year, I am not sure I will qualify this year.
Also banks typically require that the business has one year track record before considering the SBA loan option, and we still need money to help boost the creation of new small businesses.
The good news is that it is a cheap option for the government since the money will not really be spent unless people try to borrow, bank grant the loans and then only if the business is in default will the guarantee will be drawn from the government account.
The Obama administration had in his proposals $250M to create a network of incubators to help small businesses, where is that money now?
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While this is a nice move I am not convinced this will make a huge difference. SBA loans typically still require some guarantee from the borrower. So if my house is worth 30% less than last year, do I still have enough to make a difference for my small business? And while the government guarantees the loans, it does not chance the selection criteria that banks have set, so if I did not qualify last year, I am not sure I will qualify this year.
Also banks typically require that the business has one year track record before considering the SBA loan option, and we still need money to help boost the creation of new small businesses.
The good news is that it is a cheap option for the government since the money will not really be spent unless people try to borrow, bank grant the loans and then only if the business is in default will the guarantee will be drawn from the government account.
The Obama administration had in his proposals $250M to create a network of incubators to help small businesses, where is that money now?
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Wednesday, March 11, 2009
Startups competitions are a lottery
This morning blogs are full of announcement for coming startups competition (see here and here). And while it is always pleasant to see money being thrown at entrepreneurs, I do not believe that this is the best way to help:
The most precious resource for startups is time, and before you rush into one of these competitions you should ask yourself whether it is worth your time. Competitions mean just a few will win, and it is a lottery game because whoever is in the selection committee has their own passions and their own agenda, and you cannot control this.
And then if you get the money, while it feels good you are no closer to getting an actual customer paying for your product or services.
So if you have time for this, fine, but you should not drive your business running from one lottery to the other…
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The most precious resource for startups is time, and before you rush into one of these competitions you should ask yourself whether it is worth your time. Competitions mean just a few will win, and it is a lottery game because whoever is in the selection committee has their own passions and their own agenda, and you cannot control this.
And then if you get the money, while it feels good you are no closer to getting an actual customer paying for your product or services.
So if you have time for this, fine, but you should not drive your business running from one lottery to the other…
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The cost of VC funding versus debt
Just read an interesting article from "The Vest Pocket Consultant" discussing fund raising in the current economy, and how we are in a buyer's market, people with money have the negotiating power.
One example in the article is the case of a startup that was offered $2M for 20% of the company, and that went public one year later with a $300M market cap.
While $2M for 20% could look reasonable these days, and even though we are talking about a very specific case, it is interesting to consider the cost of money in this example: the $2M worth of stock were valued at $60M the following year, so this is a 3000% interest rate. And then you realize in retrospect that if you can find $2M at 25% or even 30% interest rate, you are left much richer at the end of the game. AND you do not have to deal with people on your board, a higher cost of transaction (stock deals are more complicated than loans from a legal prospective). Unless you do not mind leaving $57M on the table, this is clearly an option worth looking at.
While this is an extreme example, it is always good to keep this in mind...
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One example in the article is the case of a startup that was offered $2M for 20% of the company, and that went public one year later with a $300M market cap.
While $2M for 20% could look reasonable these days, and even though we are talking about a very specific case, it is interesting to consider the cost of money in this example: the $2M worth of stock were valued at $60M the following year, so this is a 3000% interest rate. And then you realize in retrospect that if you can find $2M at 25% or even 30% interest rate, you are left much richer at the end of the game. AND you do not have to deal with people on your board, a higher cost of transaction (stock deals are more complicated than loans from a legal prospective). Unless you do not mind leaving $57M on the table, this is clearly an option worth looking at.
While this is an extreme example, it is always good to keep this in mind...
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Tuesday, March 10, 2009
Don Dodge and the story of Shawn Fanning and Napster
Don Dodge is a veteran of five start-ups including Forte Software, AltaVista, Napster, Bowstreet, and Groove Networks. Don is currently Director of Business Development for Microsoft's Emerging Business Team. He writes a daily blog, Don Dodge on the Next Big Thing.
You can read his full bio here
Don Dodge favorite entrepreneur story is the story of Shawn Fanning and Napster. And what is interesting is that this is a story of too much success too fast.
Napster grew from being an unknown startup to being a major threat to the major industry with over 50 million users in about 7 months time. Don was VP of Product Development during this time.
Don draws a few lessons from what happened, some of which really resonates with my own experience:
- having great vision does not help, if the market is not ready you will go nowhere. And if you are too early chances are the next guy in line is the one who will succeed. I have seen several examples of this. I met an entrepreneur who had an iPhone equivalent 5 years before Steve Job showed up on stage with the real thing. He had investors, customers, but the big Telcos did not care. I talked to these same Telcos after the iPhone was announced and they were still considering the product like a niche that would not go too far too fast. But we are seeing what happens now.
- you need to stay close to your customers, and understand what they are willing to pay for, rather than try to convince them that your solution is going to make a difference. In simple terms, listen. I have seen entrepreneurs show up with a solution, talk to their customers: they had sensed a need, but the solution was not exactly on target, and they came out of the discussion with another solution that the customer was willing to pay for. It works, probably this is the standard process most of the time.
- "test your assumptions before spending a lot of money". This one is always true, but I would add that in the case of Napster they were probably not helped by the fact that VCs got involved. The idea was big, the potential to change the world real, so it was the perfect play for VC investors. But once you get into the VC process, things are different: no need to worry about the money, so you push for the goal as hard as you can, and you have no real incentive to take it slowly, because VCs are on a timeline (need for the biggest possible exit within so many years). If you had no money, you would not spend anything unless you are sure there is a customer in front of it to pay for it. Which takes us back to the previous point.
A current example of this for me is Twitter: this is another world changing idea, powerful enough that it has become a verb (people "twit") but VCs just poured another $35M into it and are happy to say that they do not care about revenue now because they know how to make some when they decide to do it, and until then they want to go for marketshare. Well, how much is Twitter leaving on the table doing this? Are we sure the assumptions on the revenue model are good until we have actually tested them?
- "Provocative challenges make good headlines but don't make good business". This is the bad news with hype, and we see a lot of it in Silicon Valley. Another way to put this is that you should not bother making the headlines until your competition starts doing it. I have seen several "hot" startups make the front page of Business Week, Forbes or other magazines to then blow up in mid-air because they were not selling much and ran out of cash trying to look bigger than they were. For me the key to buzz is to use it only when you start competing with others in front of customers. Then trying to look as big as possible and talking to newspapers or magazines as a way to differentiate yourself from competition makes sense. Before that all you are doing is educating the rest of the world, including potential competitors, but it does not really help close deals and therefore it is a waste of time and energy.
The full Shawn Fanning and Napster by Don Dodge is here
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You can read his full bio here
Don Dodge favorite entrepreneur story is the story of Shawn Fanning and Napster. And what is interesting is that this is a story of too much success too fast.
Napster grew from being an unknown startup to being a major threat to the major industry with over 50 million users in about 7 months time. Don was VP of Product Development during this time.
Don draws a few lessons from what happened, some of which really resonates with my own experience:
- having great vision does not help, if the market is not ready you will go nowhere. And if you are too early chances are the next guy in line is the one who will succeed. I have seen several examples of this. I met an entrepreneur who had an iPhone equivalent 5 years before Steve Job showed up on stage with the real thing. He had investors, customers, but the big Telcos did not care. I talked to these same Telcos after the iPhone was announced and they were still considering the product like a niche that would not go too far too fast. But we are seeing what happens now.
- you need to stay close to your customers, and understand what they are willing to pay for, rather than try to convince them that your solution is going to make a difference. In simple terms, listen. I have seen entrepreneurs show up with a solution, talk to their customers: they had sensed a need, but the solution was not exactly on target, and they came out of the discussion with another solution that the customer was willing to pay for. It works, probably this is the standard process most of the time.
- "test your assumptions before spending a lot of money". This one is always true, but I would add that in the case of Napster they were probably not helped by the fact that VCs got involved. The idea was big, the potential to change the world real, so it was the perfect play for VC investors. But once you get into the VC process, things are different: no need to worry about the money, so you push for the goal as hard as you can, and you have no real incentive to take it slowly, because VCs are on a timeline (need for the biggest possible exit within so many years). If you had no money, you would not spend anything unless you are sure there is a customer in front of it to pay for it. Which takes us back to the previous point.
A current example of this for me is Twitter: this is another world changing idea, powerful enough that it has become a verb (people "twit") but VCs just poured another $35M into it and are happy to say that they do not care about revenue now because they know how to make some when they decide to do it, and until then they want to go for marketshare. Well, how much is Twitter leaving on the table doing this? Are we sure the assumptions on the revenue model are good until we have actually tested them?
- "Provocative challenges make good headlines but don't make good business". This is the bad news with hype, and we see a lot of it in Silicon Valley. Another way to put this is that you should not bother making the headlines until your competition starts doing it. I have seen several "hot" startups make the front page of Business Week, Forbes or other magazines to then blow up in mid-air because they were not selling much and ran out of cash trying to look bigger than they were. For me the key to buzz is to use it only when you start competing with others in front of customers. Then trying to look as big as possible and talking to newspapers or magazines as a way to differentiate yourself from competition makes sense. Before that all you are doing is educating the rest of the world, including potential competitors, but it does not really help close deals and therefore it is a waste of time and energy.
The full Shawn Fanning and Napster by Don Dodge is here
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The Social Media ROI discussion
Just read a post from Faster Future on the ROI for Social Media. This is how I see the issue:
Calculating ROI implies that you have a formula, but as you mention it is hard to come up with such a thing for social media.
What is possible however is to draw from empirical data to get a feel for the type of return you will obtain.
The best I have seen in this area is the essay from Xavier Comtesse on the "Direct Economy", where he looked at how companies were able to improve their productivity by involving the stakeholders in the value chain. And from his studies he came up with the concept of a "value chain 2.0", showing all the possible places where involving stakeholders can save you money while improving satisfaction.
To take an example that is close to home, one of the best thing I have seen recently is what happened with airline and self service check-in: I can now print my boarding pass at home the day before, and then the day of the flight I check my luggage in myself. The result:
- only a few attendants behind the counter
- no more long waiting in lines for check-in
- I do the work, but I am happier
There are many example like this. The key is to remove bottlenecks by providing stakeholders with the necessary information and infrastructure that will allow them to participate more efficiently.
So getting into Social Media should be about a lot more than just pushing content a different way and measure impact. It should be a strategic move into a new way of doing business that has proven to be more efficient and more satisfying for people within your business ecosystem.
So I guess my answer is that Social Media should not be an ROI discussion. If your customer does not think that way, chances are his project will fail. And if he does, it is a different sale, a strategic discussion. Management consulting services rather than marketing services.
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Calculating ROI implies that you have a formula, but as you mention it is hard to come up with such a thing for social media.
What is possible however is to draw from empirical data to get a feel for the type of return you will obtain.
The best I have seen in this area is the essay from Xavier Comtesse on the "Direct Economy", where he looked at how companies were able to improve their productivity by involving the stakeholders in the value chain. And from his studies he came up with the concept of a "value chain 2.0", showing all the possible places where involving stakeholders can save you money while improving satisfaction.
To take an example that is close to home, one of the best thing I have seen recently is what happened with airline and self service check-in: I can now print my boarding pass at home the day before, and then the day of the flight I check my luggage in myself. The result:
- only a few attendants behind the counter
- no more long waiting in lines for check-in
- I do the work, but I am happier
There are many example like this. The key is to remove bottlenecks by providing stakeholders with the necessary information and infrastructure that will allow them to participate more efficiently.
So getting into Social Media should be about a lot more than just pushing content a different way and measure impact. It should be a strategic move into a new way of doing business that has proven to be more efficient and more satisfying for people within your business ecosystem.
So I guess my answer is that Social Media should not be an ROI discussion. If your customer does not think that way, chances are his project will fail. And if he does, it is a different sale, a strategic discussion. Management consulting services rather than marketing services.
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The VC community should have a goal of investing in 50,000 startups
I just read this post on VCMike's blog explaining how good it feels to see VCs investing in innovation, as a bright spot in what is otherwise a dark moment for the economy.
While looking at 10 startups can make you feel good about the quality of innovation in this country, 10 startups are not going to create the many jobs we need.
In another similar post last week in Creative Capital, I read about VCs gathering for the VCIR conference. 300 people total gathered to look at no less than 22 companies as potential investments. Wow!
For comparison, the numbers I have seen on this are that in 2006, approximately $20B were invested by VCs, and the same amount invested by Angels.
With that money VCs invested in 700 early stage companies, and the funding gap was at about $6M (meaning they do not like to invest less than $6M on average)
With a similar $20B amount, Angels invested in 50,000 early stage companies.
This is what we are talking about. Real numbers for real impact. I would love to see VCs consider gearing themselves up to face this kind of challenge...
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While looking at 10 startups can make you feel good about the quality of innovation in this country, 10 startups are not going to create the many jobs we need.
In another similar post last week in Creative Capital, I read about VCs gathering for the VCIR conference. 300 people total gathered to look at no less than 22 companies as potential investments. Wow!
For comparison, the numbers I have seen on this are that in 2006, approximately $20B were invested by VCs, and the same amount invested by Angels.
With that money VCs invested in 700 early stage companies, and the funding gap was at about $6M (meaning they do not like to invest less than $6M on average)
With a similar $20B amount, Angels invested in 50,000 early stage companies.
This is what we are talking about. Real numbers for real impact. I would love to see VCs consider gearing themselves up to face this kind of challenge...
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Tuesday, March 03, 2009
Entrepreneur Commons in Silicon Valley
In addition to the meeting in San Francisco, Entrepreneur Commons is starting a monthly meeting in Menlo Park on the 2nd Monday of every month. First meeting is next week, feel free to join if you are in the area.
http://www.entrepreneurcommons.org
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http://www.entrepreneurcommons.org
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Sunday, March 01, 2009
Apologies to the people in my address book
I have been experimenting with Unik, and I made the mistake of uploading my address there, thinking it would be a good place to keep it. I just had to delete all uploaded contacts that were not registered with them yet because they keep sending reminders to everybody until they sign up, which after the 3rd time starts feeling like spam... Apologies to those of my contacts who have received such reminders.
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Friday, February 27, 2009
Anne Giles Clelland and the story of Tyson Daniel - Yes you can!
Following 400 blogs means spending a lot of time looking at a screen, and it is only worth doing if you get to meet people with similar interests in the process.
Going through the list of the top 150 blogs for entrepreneurs , I have met with Anne Giles, who publishes 2 blogs: Inside VT KnowledgeWorks and Handshake2.0.
Anne Giles Clelland, M.A., M.S. is the founder, president, and CEO
of Handshake Media, Incorporated, a social media public relations firm founded in 2008. She is a writer, speaker, and consultant. You can find her full bio here.
Anne's favorite entrepreneur story is the story of Tyson Daniel and how it is possible to figure your way out of the box:
Tyson Daniel is a capital defense attorney who decided to become an entrepreneur and created LimbGear® mp3-enabled sports apparel, a product line of WeighOut, LLC.
He spent 5 years working on Death Penalty cases, something he qualifies as "enormously draining". Until he decided to start his own business.
Tyson talks about "3 years, some painfully expensive lessons and more work than I would ever have imagined" to get the company fully up and running.
But this is a success: "I’ve found my WeighOut".
For those who feel "boxed in", this is a lesson that you can do it if you have it in you. Said Tyson: "I knew – as I have always known because it was how I was raised – that I could do whatever I resolved to do".
The full story is here.
Thank you Anne and thank you Tyson for sharing this great story.
Monday, February 23, 2009
Entrepreneur Stories
Today I went back to Bo Burlingham's book "Small Giants - companies that choose to be great instead of big", and I re-discovered this definition of what an entrepreneur is that I would like to share:
Rather than trying to fit entrepreneurs into a list of skills, I will try in the coming weeks to share entrepreneurs stories that will help paint a picture of who they are.
Stay tuned, and feel free to send me your own story as well...
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[...] there is obviously a kind of artistry involved in creating something out of nothing based on an ability to see what everyone else is missing. That is, after all, what artists do. In business as in art, moreover, the end result is an experience, and the quality of the experience reflects the relationships between different participants, as well as the specific medium of expression. While entrepreneurs may rely on peripheral vision rather than artistic inspiration, it's often hard to tell the difference between the two. They are both critical components of a creative process, and it takes such a process to produce something great an unique [...]
Rather than trying to fit entrepreneurs into a list of skills, I will try in the coming weeks to share entrepreneurs stories that will help paint a picture of who they are.
Stay tuned, and feel free to send me your own story as well...
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Top 150 "Social Capital" blogs
Because Entrepreneur Commons is a not-for-profit, located at the intersection of the business and non-profit worlds, I am also tracking about 500 blogs talking about "Social Capital". The definition is still very vague, as we can see in the discussion we had on the subject on SocialEdge, but what it is for me is a mix of blogs related to Philanthropy (where the money comes from originally in most cases), Non-profits and Social Entrepreneurship (where and how it is spent by whom), and Social Media and Non-profit marketing (how to get the money and communicate about what is being done)
I have published the list here, maybe you will find it useful for yourself :-)
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I have published the list here, maybe you will find it useful for yourself :-)
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Thursday, February 12, 2009
Updated list - Top 150 blogs for entrepreneurs
I just updated the list of top 150 blogs for entrepreneurs here
No major change at the top, the list seems fairly stable, which is a good sign :-)
Top 10 movers up
17 http://blog.pmarca.com
109 http://www.ariwriter.com
95 http://www.johngannonblog.com
74 http://shiftingcareers.blogs.nytimes.com
101 http://www.startupweekend.com
93 http://www.appfrica.net/blog
91 http://www.techflash.com/venture
42 http://www.altgate.com/blog
77 http://www.socialcapitalmarkets.net/blog
89 http://www.thisisgoingtobebig.com
Top 10 movers down
139 http://blog.ecairn.com
140 http://www.epicchange.org/blog
88 http://www.getentrepreneurial.com
150 http://www.energybyte.com/blog
132 http://www.afpr.com
142 http://english.martinvarsavsky.net
137 http://www.delbourg-delphis.com
102 http://www.gifthub.org
63 http://www.businessweek.com/the_thread/blogspotting
113 http://blogs.forrester.com/colony
The biggest jump is the pmarca blog, which was #174. Probably due to the fact that I included him in the list late. It seems that it takes a few days for the ranking to be completely acurate after new entries are included...
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No major change at the top, the list seems fairly stable, which is a good sign :-)
Top 10 movers up
17 http://blog.pmarca.com
109 http://www.ariwriter.com
95 http://www.johngannonblog.com
74 http://shiftingcareers.blogs.nytimes.com
101 http://www.startupweekend.com
93 http://www.appfrica.net/blog
91 http://www.techflash.com/venture
42 http://www.altgate.com/blog
77 http://www.socialcapitalmarkets.net/blog
89 http://www.thisisgoingtobebig.com
Top 10 movers down
139 http://blog.ecairn.com
140 http://www.epicchange.org/blog
88 http://www.getentrepreneurial.com
150 http://www.energybyte.com/blog
132 http://www.afpr.com
142 http://english.martinvarsavsky.net
137 http://www.delbourg-delphis.com
102 http://www.gifthub.org
63 http://www.businessweek.com/the_thread/blogspotting
113 http://blogs.forrester.com/colony
The biggest jump is the pmarca blog, which was #174. Probably due to the fact that I included him in the list late. It seems that it takes a few days for the ranking to be completely acurate after new entries are included...
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Monday, February 09, 2009
Recovery plan - more details
While we are waiting for the recovery.gov website...
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Top 150 social media marketing blog - update from eCairn
eCairn just published their update for their top 150 social media marketing blogs list, including info on who is up and who is down.
From what I see, the top 10 movers up:
http://www.brandandmarket.com
http://www.mattjmcd.com
http://www.asourceofinspiration.com
http://www.stopwatchmarketing.com/blog
http://www.telltenfriends.com/blog
http://themarketer.typepad.com
http://www.mokummarketing.com/blog
http://blogs.forrester.com/charleneli
http://blogs.forrester.com/marketing
http://www.edelman.com/speak_up/blog
Interesting to see Forrester in the list, they are still low in the list but making huge progress. It seems that the traditional players are catching up...
The 10 biggest drops are:
http://www.doshdosh.com
http://www.searchenginejournal.com
http://www.adverblog.com
http://youngie.prblogs.org
http://www.imediaconnection.com
http://www.searchengineland.com
http://www.searchengineguide.com
http://www.prworks.ca
http://www.tpemurphy.com/blog
http://weblogs.hitwise.com
eCairn mentions changes in urls for some blogs as the reason for some of these drops. I hope this is the case for Hitwise, otherwise "the leader in online competitive intelligence" is loosing its relevance. I was surprised to see them in this list...
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From what I see, the top 10 movers up:
http://www.brandandmarket.com
http://www.mattjmcd.com
http://www.asourceofinspiration.com
http://www.stopwatchmarketing.com/blog
http://www.telltenfriends.com/blog
http://themarketer.typepad.com
http://www.mokummarketing.com/blog
http://blogs.forrester.com/charleneli
http://blogs.forrester.com/marketing
http://www.edelman.com/speak_up/blog
Interesting to see Forrester in the list, they are still low in the list but making huge progress. It seems that the traditional players are catching up...
The 10 biggest drops are:
http://www.doshdosh.com
http://www.searchenginejournal.com
http://www.adverblog.com
http://youngie.prblogs.org
http://www.imediaconnection.com
http://www.searchengineland.com
http://www.searchengineguide.com
http://www.prworks.ca
http://www.tpemurphy.com/blog
http://weblogs.hitwise.com
eCairn mentions changes in urls for some blogs as the reason for some of these drops. I hope this is the case for Hitwise, otherwise "the leader in online competitive intelligence" is loosing its relevance. I was surprised to see them in this list...
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Sunday, February 08, 2009
Coming soon - recovery.gov
Waiting for the passage of the bailout package: http://recovery.gov/
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Friday, February 06, 2009
How to manage engagement and participation - the democratic process in a web2.0 context
eCairn recently published a very interesting analysis on what happens when you open a site and ask people to contribute ideas. They mention Dell Ideastorm and the Obama administration Citizen's Briefing Book from the Obama administration, and I have to agree with the conclusion: you have to know what to expect when opening up the doors to input with no filtering. And where and how you "listen" to your audience makes a difference:
1- if you ask everybody to provide input on a website, and then use a rating system to decide which issues are important, then what you will get is not what the most important issues are for the community as a whole, but rather what the most important ideas are for the best organized group within the community. Huge difference. Basically chances are that one or a few communities will take over the site and monopolize the conversation. And if there is no moderation, then you will end up just listening to what they have to say regardless of what others may think.
In the case of the Obama experiment (Citizen's Briefing Book), the winning idea is "legalize marijuana", and while I have no doubt that they won their ranking fair and straight, I have a hard time believing this is one of the most pressing issue right now.
One site did try an improved version of the process: Change.org had a 2 phase selection:
- First anybody could submit any idea in various pre-defined categories
- Second, they qualified the top 3 ideas of each category to then have them all compete together for the final selection of the top 10.
Legalizing Marijuana is still in the final top 10, you have to give credit to this community for being very good at mobilizing their supporters online, but there are other ideas that were able to emerge from the process, and it was a good attempt at leveling the playing field so that other ideas from not so popular categories could be considered.
As it is done with elections in the US, maybe one extra step could have also been considered: having each category elect an equal number of representatives to represent their specific concerns, so that they are the ones that vote in the second round. Then it is no longer an issue of how many vote for an ideas, but rather how many of a representative sample of the population get convinced by the ideas that were selected.
2- the other option (other than opening a site to invite input) is to map conversations happening everywhere in the blogosphere or other places, then you can have a much better idea of who is talking about what where. And you will have a very different view of which communities are active on the web, and what their top issues are. And then you can specifically target these communities (based on how relevant they are to you at a given time) to address their specific issues.
With this second approach, we still have an open space where everbody can express their opinions (the blogs or the web in general), and then the leadership can decide what to do with what they see. No ratings involved, just the good judgement of whoever is listening. Individuals are doing it today, they pick and choose which blogs they want to read and comment on, and they may have their own blog(s) to contribute to the conversation. Corporation and the government should at a minimum do the same. And then decide if they want to engage in other ways (back to #1 above).
Having said this, and since this post was inspired by an analysis from my friends at eCairn, I should also mention that the service that they have developed is perfect for doing just that: teams listening to conversations, engaging with bloggers and measuring the impact to this engagement. Something you may want to consider for your business...
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1- if you ask everybody to provide input on a website, and then use a rating system to decide which issues are important, then what you will get is not what the most important issues are for the community as a whole, but rather what the most important ideas are for the best organized group within the community. Huge difference. Basically chances are that one or a few communities will take over the site and monopolize the conversation. And if there is no moderation, then you will end up just listening to what they have to say regardless of what others may think.
In the case of the Obama experiment (Citizen's Briefing Book), the winning idea is "legalize marijuana", and while I have no doubt that they won their ranking fair and straight, I have a hard time believing this is one of the most pressing issue right now.
One site did try an improved version of the process: Change.org had a 2 phase selection:
- First anybody could submit any idea in various pre-defined categories
- Second, they qualified the top 3 ideas of each category to then have them all compete together for the final selection of the top 10.
Legalizing Marijuana is still in the final top 10, you have to give credit to this community for being very good at mobilizing their supporters online, but there are other ideas that were able to emerge from the process, and it was a good attempt at leveling the playing field so that other ideas from not so popular categories could be considered.
As it is done with elections in the US, maybe one extra step could have also been considered: having each category elect an equal number of representatives to represent their specific concerns, so that they are the ones that vote in the second round. Then it is no longer an issue of how many vote for an ideas, but rather how many of a representative sample of the population get convinced by the ideas that were selected.
2- the other option (other than opening a site to invite input) is to map conversations happening everywhere in the blogosphere or other places, then you can have a much better idea of who is talking about what where. And you will have a very different view of which communities are active on the web, and what their top issues are. And then you can specifically target these communities (based on how relevant they are to you at a given time) to address their specific issues.
With this second approach, we still have an open space where everbody can express their opinions (the blogs or the web in general), and then the leadership can decide what to do with what they see. No ratings involved, just the good judgement of whoever is listening. Individuals are doing it today, they pick and choose which blogs they want to read and comment on, and they may have their own blog(s) to contribute to the conversation. Corporation and the government should at a minimum do the same. And then decide if they want to engage in other ways (back to #1 above).
Having said this, and since this post was inspired by an analysis from my friends at eCairn, I should also mention that the service that they have developed is perfect for doing just that: teams listening to conversations, engaging with bloggers and measuring the impact to this engagement. Something you may want to consider for your business...
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Wednesday, February 04, 2009
Big Brother - another good one
After ATT (see my previous post), here is a new feature, from McAfee this time, to protect me from myself: SiteAdvisor.
So I have McAfee Total Protection, and the latest update (I assume that this is where it comes from) was installed automatically recently. And then I discovered when reading my own email that because I have the url of my blog in my signature I am entitled to a big red square box telling me that "this message includes a link that will lead you to a site with potential phishing".
Very friendly - I can imagine the effect this will have on the people I communicate with. My friends will smile, but I am not sure what the rest of my correspondents will think.
There is no phishing scheme on my blog, the only subscription widget is generated from Vertical Response which I specifically installed because I want users to feel comfortable that I am not going to abuse their email information. And then there are a few widgets from known services, but nothing custom or homemade that could be assimilated to hacking.
But somebody somewhere decided that I was guilty until I prove myself innocent, when I thought the normal was the opposite. I guess security software is different, and we are all hackers out there if we are bloggers.
I am a good citizen, and I try to follow process, so I went and registered on the SiteAdvisor website to claim my innocence. But there also, there is one more roadblock: I have to upload a file on my site to prove that I own it and that I am legit. The problem: I am using Blogger, a service provided by a small company called Google, and I do not have access to the service to upload whatever file I want. So now I have to submit a request into a big queue, and wait for somebody to pick it up and take a look, and then I have to pray that they will agree that my blog is ok. Hopefully the content is not too subversive, and I fit within whatever criteria they have that I can be cleared.
If you have any doubt that the world is a very messed up place, I think this is another good example. Technology which should be making our life better is just creating more constraints on everything we do. I do not really feel like I own my computer anymore: my brand new computer comes with pre-installed junk programs (marketing teasers) that I have to remove if I do not want the clutter, I have automatic updates because I get problems if I don't, and I get problems if I do, just different ones.
Because of all this, I make sure I stick to Open Source whenever I can. At least with open source, I get what I want and nobody can claim control of what I get to the point when it becomes obnoxious. It may not always be as cool or as fancy, but the protection from any corporate abuse is a huge feature for me...
>>> Update >>> the good news is that I have been cleared. The bad news is that people who are getting the message should re-install SiteAdvisor. So to anybody who is still using the wrong version I will be presented like a hacker unless they uninstall SiteAdvisor and Re-install (which would be assuming they care enough about me or the issue to go through this). Not as much comfort as what I was hoping for...
===
McAfee SiteAdvisor Support
dateWed, Feb 4, 2009 at 12:45 PM
subjectRe: "Open Business" blog erroneously rated as potentially dangerous
Hello,
After some investigation, we have discovered that this error was related to a bug in an earlier version of the SiteAdvisor program, which has now been fixed.
Anyone who sees this error should uninstall SiteAdvisor, and then reinstall it from http://www.siteadvisor.com.
Please write back to me if this error is still occurring after these instructions have been followed.
Sincerely,
Andrew
Customer Support
McAfee SiteAdvisor
<<
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So I have McAfee Total Protection, and the latest update (I assume that this is where it comes from) was installed automatically recently. And then I discovered when reading my own email that because I have the url of my blog in my signature I am entitled to a big red square box telling me that "this message includes a link that will lead you to a site with potential phishing".
Very friendly - I can imagine the effect this will have on the people I communicate with. My friends will smile, but I am not sure what the rest of my correspondents will think.
There is no phishing scheme on my blog, the only subscription widget is generated from Vertical Response which I specifically installed because I want users to feel comfortable that I am not going to abuse their email information. And then there are a few widgets from known services, but nothing custom or homemade that could be assimilated to hacking.
But somebody somewhere decided that I was guilty until I prove myself innocent, when I thought the normal was the opposite. I guess security software is different, and we are all hackers out there if we are bloggers.
I am a good citizen, and I try to follow process, so I went and registered on the SiteAdvisor website to claim my innocence. But there also, there is one more roadblock: I have to upload a file on my site to prove that I own it and that I am legit. The problem: I am using Blogger, a service provided by a small company called Google, and I do not have access to the service to upload whatever file I want. So now I have to submit a request into a big queue, and wait for somebody to pick it up and take a look, and then I have to pray that they will agree that my blog is ok. Hopefully the content is not too subversive, and I fit within whatever criteria they have that I can be cleared.
If you have any doubt that the world is a very messed up place, I think this is another good example. Technology which should be making our life better is just creating more constraints on everything we do. I do not really feel like I own my computer anymore: my brand new computer comes with pre-installed junk programs (marketing teasers) that I have to remove if I do not want the clutter, I have automatic updates because I get problems if I don't, and I get problems if I do, just different ones.
Because of all this, I make sure I stick to Open Source whenever I can. At least with open source, I get what I want and nobody can claim control of what I get to the point when it becomes obnoxious. It may not always be as cool or as fancy, but the protection from any corporate abuse is a huge feature for me...
>>> Update >>> the good news is that I have been cleared. The bad news is that people who are getting the message should re-install SiteAdvisor. So to anybody who is still using the wrong version I will be presented like a hacker unless they uninstall SiteAdvisor and Re-install (which would be assuming they care enough about me or the issue to go through this). Not as much comfort as what I was hoping for...
===
McAfee SiteAdvisor Support
dateWed, Feb 4, 2009 at 12:45 PM
subjectRe: "Open Business" blog erroneously rated as potentially dangerous
Hello,
After some investigation, we have discovered that this error was related to a bug in an earlier version of the SiteAdvisor program, which has now been fixed.
Anyone who sees this error should uninstall SiteAdvisor, and then reinstall it from http://www.siteadvisor.com.
Please write back to me if this error is still occurring after these instructions have been followed.
Sincerely,
Andrew
Customer Support
McAfee SiteAdvisor
<<
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Sunday, February 01, 2009
Big Brother is watching you!
I am stuned... At a time when we do a lot with the web and when you would think we are getting more and more freedom to access and share content, the opposite is actually happening.
I just subscribed to ATT U-Verse, and I discovered an amazing new feature on the DVR service: "Nickolodeon does not allow the recording of this show".
So now I am paying for the content, and I am paying for the DVR box, which was sold to me as a great improvement to the existing solution because I can start watching a recorded show in my living room and then I can go to watch the end in my bedroom.
EXCEPT (small detail) that I cannot record the shows I want, just the one that ATT and the channels in my mix allow. Oops.
So technology, which is supposed to make it easier for me, is actually turning into a way for the big corporations to have more control over my life.
It used to be that I could program my VCR to capture the feed from any show on a tape. It was taking time and space but it was all here for me. But the new improved version of the same functionality is that I cannot record the Nickolodeon shows anymore. Nickolodeon want my kids to be in front of the TV at 6pm when it is diner time or at 9pm when they are supposed to be in bed. And if they are not, sorry, you cannot watch.
It reminds me of when I was traveling to China and I was watching TV5 in my hotel bedroom. Every now and then, the TV would have black outs, something that looked like a problem with the connection and would only last a few seconds. But something so systematic across many hotels that you know somebody was editing the feed to make sure I was not given subversive news that would pollute my mind.
This is also my user experience with Facebook: I can send messages to my friends, but when comes the New Year and I want to send all of them my best wishes, I can only send it to 40 of them and then I get a big red message warning me that "I AM ENGAGING IN A BEHAVIOR THAT VIOLATES THE FACEBOOK POLICIES". How friendly is that? And what kind of social network am I in that only lets me communicate to 40 people max.
Who decided that I am clearly a spammer if I have more than 40? Wouldn't people report me if my message was offensive or inappropriate in any way? Isn't it the beauty of social networks that your reputation is always at stake and therefore you tend to behave better because you know there would be consequences otherwise? Or is it just Facebook worried that I advertise by sending direct messages instead of paying their advertising department?
And the same is happening with Apple store, where I am not allowed to download Qik for my iPhone, forcing me to jailbreak it if I want to stream videos to the web through their service. How is this helping innovation? Why do we have to go to hacks to get what we want that is available and works on the platform?
The world is changing and we can do more today than we could before, but Big Brother is watching and the corporations are fighting back.
We have to pay attention, and we cannot let them have the last word...
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I just subscribed to ATT U-Verse, and I discovered an amazing new feature on the DVR service: "Nickolodeon does not allow the recording of this show".
So now I am paying for the content, and I am paying for the DVR box, which was sold to me as a great improvement to the existing solution because I can start watching a recorded show in my living room and then I can go to watch the end in my bedroom.
EXCEPT (small detail) that I cannot record the shows I want, just the one that ATT and the channels in my mix allow. Oops.
So technology, which is supposed to make it easier for me, is actually turning into a way for the big corporations to have more control over my life.
It used to be that I could program my VCR to capture the feed from any show on a tape. It was taking time and space but it was all here for me. But the new improved version of the same functionality is that I cannot record the Nickolodeon shows anymore. Nickolodeon want my kids to be in front of the TV at 6pm when it is diner time or at 9pm when they are supposed to be in bed. And if they are not, sorry, you cannot watch.
It reminds me of when I was traveling to China and I was watching TV5 in my hotel bedroom. Every now and then, the TV would have black outs, something that looked like a problem with the connection and would only last a few seconds. But something so systematic across many hotels that you know somebody was editing the feed to make sure I was not given subversive news that would pollute my mind.
This is also my user experience with Facebook: I can send messages to my friends, but when comes the New Year and I want to send all of them my best wishes, I can only send it to 40 of them and then I get a big red message warning me that "I AM ENGAGING IN A BEHAVIOR THAT VIOLATES THE FACEBOOK POLICIES". How friendly is that? And what kind of social network am I in that only lets me communicate to 40 people max.
Who decided that I am clearly a spammer if I have more than 40? Wouldn't people report me if my message was offensive or inappropriate in any way? Isn't it the beauty of social networks that your reputation is always at stake and therefore you tend to behave better because you know there would be consequences otherwise? Or is it just Facebook worried that I advertise by sending direct messages instead of paying their advertising department?
And the same is happening with Apple store, where I am not allowed to download Qik for my iPhone, forcing me to jailbreak it if I want to stream videos to the web through their service. How is this helping innovation? Why do we have to go to hacks to get what we want that is available and works on the platform?
The world is changing and we can do more today than we could before, but Big Brother is watching and the corporations are fighting back.
We have to pay attention, and we cannot let them have the last word...
-----------------------------------------
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Friday, January 23, 2009
A computer in your kitchen
The mobile phone was stuck in the PC paradigm with a difficult UI until Steve Jobs came up with the iPhone and finally offered users a UI that makes sense for the size of the device. The same thing is happening with Tablet PCs, and my friend Olivier Seres is now offering a Device/UI that is really easy to use for the form factor. Imagine a pumped up iPhone, with the power of a real computer accessed through an easy to use interface:
Check it out...
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Check it out...
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Tuesday, January 20, 2009
My Obama speech favorites
There was a lot of expectations, and Obama was his best self again. The full text of the speech is here (thanks to a twit from @chrisabraham) and my favorite extracts are here:
[...]
Today is a good day :-)
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For we know that our patchwork heritage is a strength, not a weakness. We are a nation of Christians and Muslims, Jews and Hindus - and non-believers. We are shaped by every language and culture, drawn from every end of this Earth; and because we have tasted the bitter swill of civil war and segregation, and emerged from that dark chapter stronger and more united, we cannot help but believe that the old hatreds shall someday pass; that the lines of tribe shall soon dissolve; that as the world grows smaller, our common humanity shall reveal itself; and that America must play its role in ushering in a new era of peace.
[...]
Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends - hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism - these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths.
Today is a good day :-)
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Monday, January 19, 2009
He is the Man, We are the Wire
From Erik Adigard on Axiomenta, referring to “Man on Wire” the high-wire walker who in 1974 walked a wire between the twin towers of the World Trade Center:
[Read more - Watch the video remix]
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As president-elect Obama takes leadership of a broken nation. He is the Man and we are the Wire.
[Read more - Watch the video remix]
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Wednesday, January 14, 2009
After Change.org, Change.gov - please vote for the Entrepreneur Commons idea
The Entrepreneur Commons idea finished 7th out of 106 ideas in the Social Entrepreneurship category on Change.org.
We now have another opportunity to present the idea through the Change.gov website:
http://citizensbriefingbook.change.gov/ideas/viewIdea.apexp?id=087800000004tZt
Please vote for the Entrepreneur Commons idea there, then send the info to 10 friends.
And if you voted - Twit it
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We now have another opportunity to present the idea through the Change.gov website:
http://citizensbriefingbook.change.gov/ideas/viewIdea.apexp?id=087800000004tZt
Please vote for the Entrepreneur Commons idea there, then send the info to 10 friends.
And if you voted - Twit it
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Monday, January 12, 2009
Visions of Leadership - Managing Innovation "on the edge" event on 1/30/09 - mark your calendar
Please join the conversation on 1/30/09 at 8:30am at Orange Labs in South San Francisco, USA (801 Gateway blvd), or at 5:30pm on the HEC Campus in Jouy-en-Josas, France (1, rue de la Libération).
Details here
Register here
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Details here
Register here
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Sunday, January 11, 2009
The End of the Financial World as We Know It
Just read this very interesting article in the NY Times from Michael Lewis explaining how a lot of people suspected that something was going on with Madoff, but nobody had any incentive to do anything about it. Worse, somebody (Harry Markopolos) wrote a letter to the SEC on Nov. 7, 2005 to demonstrate how something had to be wrong with what Madoff was doing. And nobody listened.
This reminds me very much of what is going on with another part of the financial world: the Venture Capital world. Nothing as bad certainly as what is going on with Madoff, but another example of something not working, people knowing about it (VCs will tell you privately that there are issues with the model) and nobody doing anything about it because nobody has an incentive to. Except for a paper published by Ludovic Phalippou and Oliver Gottschalg on April 2007 (already discussed in this blog) where it is clearly shown that Private Equity returns are not that great (the paper shows that on average and once you factor in the fees charged by firm it is S&P minus 3%). But also in this case, and as discussed previously in this blog, nobody cares. Up until now that is.
With the current crisis, people have started questioning what is going on, and the word is out (TheFunded presented the case that "The canary is dead")
Not all is bad with VCs, but the model is certainly working more for them than for entrepreneurs or even investors. I am convinced that 2009 will bring changes to this world as well. While Michael Lewis presents in his article the very sad picture of what should or could have been done and has not been done so far with the banking system let's hope that VCs and their investors will be more efficient in tackling the issue. And it starts with going back to the basics: providing real support to entrepreneurs as a whole to keep the ecosystem healthy.
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This reminds me very much of what is going on with another part of the financial world: the Venture Capital world. Nothing as bad certainly as what is going on with Madoff, but another example of something not working, people knowing about it (VCs will tell you privately that there are issues with the model) and nobody doing anything about it because nobody has an incentive to. Except for a paper published by Ludovic Phalippou and Oliver Gottschalg on April 2007 (already discussed in this blog) where it is clearly shown that Private Equity returns are not that great (the paper shows that on average and once you factor in the fees charged by firm it is S&P minus 3%). But also in this case, and as discussed previously in this blog, nobody cares. Up until now that is.
With the current crisis, people have started questioning what is going on, and the word is out (TheFunded presented the case that "The canary is dead")
Not all is bad with VCs, but the model is certainly working more for them than for entrepreneurs or even investors. I am convinced that 2009 will bring changes to this world as well. While Michael Lewis presents in his article the very sad picture of what should or could have been done and has not been done so far with the banking system let's hope that VCs and their investors will be more efficient in tackling the issue. And it starts with going back to the basics: providing real support to entrepreneurs as a whole to keep the ecosystem healthy.
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Saturday, January 03, 2009
Open for questions
The Obama administration is open for questions. They have announced a second round of questions on 12/29/08 in their blog on Change.gov
My question to the Obama administration:
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My question to the Obama administration:
How will you spend the $250M in your program for a national network of incubators to help small businesses? Will you trust government employees or paid consultants or will you let entrepreneurs decide how they can help themselves with an open model?
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Getting started with 2009: what has happened so far and what's next
In 2007, I met with approximately 150 entrepreneurs, worked more closely with about 30 (based on the quality of the idea but also the chemistry with the entrepreneur), and I have now narrowed my focus down to a handful that I am convinced are going to make it in 2009. The typical 1% selection rate that you also see with VCs or Angels, which inspired me to figure out something better to help entrepreneurs at large - an open model allowing peer support and transforming what is today a competitive process into a collaborative one.
In 2008, I started Entrepreneur Commons to do just that.
Entrepreneur Commons is the continuation of a similar concept that I started experimenting with in 2005 and that was implemented in San Francisco through a "Club Entrepreneur" with the Swiss American Chamber of Commerce and a "Business Booster" with the French American Chamber of Commerce.
The Entrepreneur Commons idea is very simple: on one side provide mentors to entrepreneurs to help them mature their business plan, and on the other side provide financing resources for those entrepreneurs whose business idea is mature enough. What is new with this is the combination of mentoring and financing in the specific context of entrepreneurs in developed countries. The model was inspired by the success of Microfinance and Mutual Guarantee Funds in Europe, which are proven sustainable models. As a result, Entrepreneur Commons is a not-for-profit for and by entrepreneurs including a platform hosting a social network of entrepreneurs and which manages a seed investment fund offering loans to startups.
The long term goal is to change the way startups are being financed, as the current model works for VCs but not really for entrepreneurs. And as a result, it is also to change the way we think about capitalism, going from individual trying to maximize their profit as the force that drives the system to fostering collaboration for a more sustainable capitalism.
To achieve this, the short term goal is to build a network of of 100 to 150 entrepreneurs on one side, and raise a fund of at least $3M on the other side, so that we can do 30 loans of $100K to entrepreneurs in the network. This will be the proof of concept that will demonstrate the model.
The idea was presented during the first few month after launch to many entrepreneurs, angels, VCs, Limited Partners, lawyers and bankers to discuss the idea and collect feedback, and has received mostly positive feedback: yes this is something that is needed, and yes the concept is good on the paper. The goal now is to make it happen, which is not a question of "if" but rather "when". The one lesson I have learned is that it will take time, and from my experience on past projects, I have only limited control on the timing :-)
So far:
- Entrepreneur Commons has a first chapter in San Francisco, with a handful of entrepreneurs meeting once a month to share their successes and discuss their business issues, and we have had interest from entrepreneurs in other states (Texas, Florida, New York, Germany, France, Israel) who are considering starting similar efforts.
- Entrepreneur Commons has already received soft commitments from investors interested in the concept.
- Entrepreneur Commons was invited to present at Socap08, as a platform that is especially useful to Social Entrepreneurs who are typically left out of the classic funding processes currently offered to entrepreneurs.
- The Entrepreneur Commons concept was submitted as part of the idea contest running on Change.org, and collected 339 votes to finish 7th out of 106 ideas submitted in the Social Entrepreneurship category.
As for 2009, I believe that this is going to be a great year of many opportunities. The financial crisis had the benefit of bringing a lot of people out of their comfort zone, and there is enough of a mess that people start questioning the status quo. This is a good start.
Then the presidential election in the US, with Obama getting elected by voters but also getting majority support from people from all origins in almost every country in the world has started a process that cannot be stopped. People have realized that the world needs to change, that nothing will happen unless they start doing something about it, and that Web2.0 technology gives us the power today to make it happen if we decide to. Obama has been riding that wave, and the wave is bigger than him as it is the rise of a peer to peer civilization. The coming years will see big shifts and therefore big opportunities for the people who are at the right place at the time. This is a game entrepreneurs like: 2009 will be their year.
Best wishes for 2009 :-)
Monday, December 29, 2008
Change.org - remember to vote before 12/31/08
After 12/31/08 only the top 3 rated ideas from each category will make it into the second round. The second round of voting will begin on Monday, January 5, and each qualifying idea will compete against the qualifying ideas from all other categories, and then the top 10 rated ideas will be presented to the Obama Administration on Inauguration Day, January 20, 2009 as the "Top 10 Ideas for America."
If you have not done so, please consider the Entrepreneur Commons idea:
http://www.change.org/ideas/view/sponsor_a_structure_for_entrepreneurs_to_support_entrepreneurs
Click on the "vote" button showing the current number of votes
And if you like the idea, please forward to as many of your friends as possible, as we need many more votes to make it to the top 10.
Thank you for your help.
Best wishes for 2009 :-)
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If you have not done so, please consider the Entrepreneur Commons idea:
http://www.change.org/ideas/view/sponsor_a_structure_for_entrepreneurs_to_support_entrepreneurs
Click on the "vote" button showing the current number of votes
And if you like the idea, please forward to as many of your friends as possible, as we need many more votes to make it to the top 10.
Thank you for your help.
Best wishes for 2009 :-)
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Social Capital and Social Business definitions
An interesting input from Michael Cayley in the Social Edge discussion regarding the definitions of Social Capital and Social Business:
Social Capital (Nan Lin's definition): resources embedded in a social structure which are accessed and/or mobilized in purposive actions
Social Business (from Michael): "ALL businesses are social in an era where meaning & perception is derived from broadband empowered individuals rather than capital intensive broadcast communication networks."
This is very much in line with what I had in mind when I started the discussion on Social Edge. And seems to fit a lot of the other comments that came up.
And it reinforce my conviction that we need something like the Vindex to attach a number to the concept, and make it easy for everybody to understand and visualize the value.
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Social Capital (Nan Lin's definition): resources embedded in a social structure which are accessed and/or mobilized in purposive actions
Social Business (from Michael): "ALL businesses are social in an era where meaning & perception is derived from broadband empowered individuals rather than capital intensive broadcast communication networks."
This is very much in line with what I had in mind when I started the discussion on Social Edge. And seems to fit a lot of the other comments that came up.
And it reinforce my conviction that we need something like the Vindex to attach a number to the concept, and make it easy for everybody to understand and visualize the value.
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Wednesday, December 17, 2008
Gizmocall.com - new cool widget
The nerd in me likes this one...
Thank you Gizmo project :-)
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Thank you Gizmo project :-)
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Thursday, December 11, 2008
Please join the "Social Business" discussion on SocialEdge
We are currently discussing the definitions of "Social Capital" and "Social Business" on SocialEdge:
http://www.socialedge.org/discussions/responsibility/social-capital-social-business
My take on this is that the success of Muhammad Yunus with Grameen bank and microfinance in general has resulted in a narrowing of the definition of "Social Business" to what he specifically focuses on: poverty.
Meanwhile there is a broader definition that we should look like, as a way to prevent the concept of "Social Business" from being marginalized. We cannot afford to fall into the comfortable idea that "Social Businesses" are focusing on fixing the world issues while the rest of us are doing business as usual. We need to reverse the trend by moving the concept of "Social Business" from being a niche to being the standard.
Please give us your input on this idea and how to go about it:
http://www.socialedge.org/discussions/responsibility/social-capital-social-business
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http://www.socialedge.org/discussions/responsibility/social-capital-social-business
My take on this is that the success of Muhammad Yunus with Grameen bank and microfinance in general has resulted in a narrowing of the definition of "Social Business" to what he specifically focuses on: poverty.
Meanwhile there is a broader definition that we should look like, as a way to prevent the concept of "Social Business" from being marginalized. We cannot afford to fall into the comfortable idea that "Social Businesses" are focusing on fixing the world issues while the rest of us are doing business as usual. We need to reverse the trend by moving the concept of "Social Business" from being a niche to being the standard.
Please give us your input on this idea and how to go about it:
http://www.socialedge.org/discussions/responsibility/social-capital-social-business
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Tuesday, December 09, 2008
Linux, Open source get patent protection program
A very interesting announcement today from Information Week (thank you Elie for pointing this out):
Full article here
Another step in the right direction. Sadly patents are often used as a way to prevent other people to do things. Large corporations are often times filing many with no real intent to build anything but more to make sure that if somebody else tries they will have a way to stop them or at least slow them down while they try to catch up...
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Open Invention Network (OIN) unveiled a program Tuesday that aims to make it easier for patent and trademark office examiners -- and others -- to access prior art, increase the quality of patents granted, and decrease the number of poor quality patents. [...] The sponsors hope the program will ultimately promote their goals of greater freedom in the open source community to expand the Linux platform.
Full article here
Another step in the right direction. Sadly patents are often used as a way to prevent other people to do things. Large corporations are often times filing many with no real intent to build anything but more to make sure that if somebody else tries they will have a way to stop them or at least slow them down while they try to catch up...
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Friday, December 05, 2008
Top 150 Blogs for Entrepreneurs
>> This list has been updated - for the most recent ranking click here <<
I am using eCairn to track what is happening in the blogosphere around Entrepreneurship/ Social Entrepreneurship / High Tech/ Venture Capital (tracking about 350 blogs total), and I use eCairn's influence ranking on these blogs to prioritize my reading and commenting (see here how they do this - this is NOT about traffic but rather who links to what).
Here is the list of the top 150 blogs that I find relevant for entrepreneurs in general, with a bias for high tech and social entrepreneurship and a special interest on the funding side.
Future updates will be posted on the Entrepreneur Commons website.
Something that you may find useful for yourself...
Top 150 blogs for Entrepreneur (based on the influence ranking by eCairn):
1 http://www.techcrunch.com
2 http://www.venturebeat.com
3 http://blog.guykawasaki.com
4 http://www.gigaom.com
5 http://www.alleyinsider.com
6 http://www.readwriteweb.com
7 http://www.avc.com/a_vc
8 http://www.pehub.com
9 http://paul.kedrosky.com
10 http://www.entrepreneur.com
11 http://www.valleywag.com
12 http://www.scobleizer.com
13 http://www.thefunded.com
14 http://dealbook.blogs.nytimes.com
15 http://redeye.firstround.com
16 http://www.buzzmachine.com
17 http://www.smallbiztrends.com
18 http://www.venturehacks.com
19 http://www.socialedge.org
20 http://upandrunning.entrepreneur.com
21 http://blogs.openforum.com
22 http://www.businessweek.com/technology/content
23 http://www.informationarbitrage.com
24 http://blog.entrepreneur.com
25 http://www.instigatorblog.com
26 http://networking.entrepreneur.com
27 http://vestpocketconsultant.entrepreneur.com
28 http://www.gapingvoid.com
29 http://lsvp.wordpress.com
30 http://www.howardlindzon.com
31 http://inspired.entrepreneur.com
32 http://weekend.entrepreneur.com
33 http://www.vcconfidential.com
34 http://www.businessweek.com/the_thread/blogspotting
35 http://dondodge.typepad.com/the_next_big_thing
36 http://www.texasstartupblog.com
37 http://fiveyearstoolate.wordpress.com
38 http://www.coloradostartups.com
39 http://www.markpeterdavis.com/getventure
40 http://www.startupnorth.ca
41 http://www.business-opportunities.biz
42 http://www.entrepreneurs-journey.com
43 http://socialentrepreneurship.change.org
44 http://campusentrepreneurship.wordpress.com
45 http://www.billionswithzeroknowledge.com
46 http://www.getentrepreneurial.com
47 http://www.nextbillion.net
48 http://philanthropy.blogspot.com
49 http://www.tacticalphilanthropy.com
50 http://blogs.wsj.com/independentstreet
51 http://www.newhampshirestartups.com
52 http://www.kentuckystartups.com
53 http://www.techflash.com
54 http://www.davidcrow.ca
55 http://www.bootstrapme.com
56 http://www.northcarolinastartups.com
57 http://vcmike.wordpress.com
58 http://joi.ito.com
59 http://www.ocvcblog.com
60 http://www.startupprincess.com/wordpress
61 http://blog.acumenfund.org
62 http://startup.partnerup.com
63 http://www.startupmeme.com
64 http://blog.timberry.com
65 http://www.thefrankpetersshow.com
66 http://www.growthology.org/growthology
67 http://www.montrealtechwatch.com
68 http://www.innoeco.com
69 http://founderresearch.blogspot.com
70 http://canentrepreneur.blogspot.com
71 http://bizcoach.blogspot.com
72 http://ben.casnocha.com
73 http://www.gifthub.org
74 http://www.askthevc.com/blog
75 http://www.startupcfo.ca
76 http://blog.ecairn.com
77 http://www.sitepoint.com/blogs
78 http://blog.socaltech.com
79 http://www.mvmpartners.com/blog
80 http://www.nivi.com/blog
81 http://www.allantyoung.com
82 http://coheda.typepad.com/israel
83 http://www.christine.net
84 http://www.vcrants.com
85 http://www.tjacobi.com
86 http://blogs.forrester.com/colony
87 http://www.adeoressi.com
88 http://commonangels.wordpress.com
89 http://vcinjerusalem.typepad.com/vcinjerusalem
90 http://wallen.typepad.com/wallen
91 http://thoughtsprevail.blogspot.com
92 http://www.infochachkie.com
93 http://www.afpr.com
94 http://www.epicchange.org/blog
95 http://blog.bootuplabs.com
96 http://www.skollonline.com/blog
97 http://www.dorm-room-biz.com
98 http://www.vccafe.com
99 http://marktomarket.typepad.com/marktomarket
100 http://blog.marsdd.com
101 http://www.altgate.com/blog
102 http://www.jasonmendelson.com/blog
103 http://www.wellingtonfund.com/blog
104 http://english.martinvarsavsky.net
105 http://www.socialmediaclub.org
106 http://www.toiletpaperentrepreneur.com/blog
107 http://www.delbourg-delphis.com
108 http://vcratings.thedealblogs.com
109 http://www.unleashingideas.org/blog
110 http://www.energybyte.com/blog
111 http://www.venturedig.com
112 http://www.microcapital.org
113 http://www.theequitykicker.com
114 http://www.theclosetentrepreneur.com
115 http://presspass.entrepreneur.com
116 http://shiftingcareers.blogs.nytimes.com
117 http://www.change.gov/newsroom/blog
118 http://www.startuptweet.com
119 http://altos.typepad.com/vc
120 http://blog.bplans.com
121 http://www.churbuck.com/wordpress
122 http://www.onthecommons.org
123 http://www.zviband.com
124 http://www.businessblogwire.com
125 http://yallaguy.wordpress.com
126 http://laurent.pierssens.com
127 http://babblingvc.typepad.com/pjozefak
128 http://www.unstructuredventures.com/uv
129 http://www.floridaventureblog.com
130 http://www.leveragingideas.com
131 http://www.allthingscahill.com
132 http://www.stetoscope-blog.com
133 http://www.johngannonblog.com
134 http://everythingstartup.blogspot.com
135 http://www.thepomoblog.com
136 http://www.smallbusinessbrief.com
137 http://www.austinstartup.com
138 http://bluepointmktg.blogspot.com
139 http://www.abovethecrowd.com
140 http://schumpeterscentury.blogspot.com
141 http://vcwhisperer.blogspot.com
142 http://www.techflash.com/venture
143 http://www.appfrica.net/blog
144 http://onhollywood.goingon.com
145 http://www.ariwriter.com
146 http://www.insidevtknowledgeworks.com
147 http://www.socialcapitalmarkets.net/blog
148 http://thebostonentrepreneur.wordpress.com
149 http://www.startupweekend.com
150 http://microfranchising.blogspot.com
-----------------------------------------
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I am using eCairn to track what is happening in the blogosphere around Entrepreneurship/ Social Entrepreneurship / High Tech/ Venture Capital (tracking about 350 blogs total), and I use eCairn's influence ranking on these blogs to prioritize my reading and commenting (see here how they do this - this is NOT about traffic but rather who links to what).
Here is the list of the top 150 blogs that I find relevant for entrepreneurs in general, with a bias for high tech and social entrepreneurship and a special interest on the funding side.
Future updates will be posted on the Entrepreneur Commons website.
Something that you may find useful for yourself...
Top 150 blogs for Entrepreneur (based on the influence ranking by eCairn):
1 http://www.techcrunch.com
2 http://www.venturebeat.com
3 http://blog.guykawasaki.com
4 http://www.gigaom.com
5 http://www.alleyinsider.com
6 http://www.readwriteweb.com
7 http://www.avc.com/a_vc
8 http://www.pehub.com
9 http://paul.kedrosky.com
10 http://www.entrepreneur.com
11 http://www.valleywag.com
12 http://www.scobleizer.com
13 http://www.thefunded.com
14 http://dealbook.blogs.nytimes.com
15 http://redeye.firstround.com
16 http://www.buzzmachine.com
17 http://www.smallbiztrends.com
18 http://www.venturehacks.com
19 http://www.socialedge.org
20 http://upandrunning.entrepreneur.com
21 http://blogs.openforum.com
22 http://www.businessweek.com/technology/content
23 http://www.informationarbitrage.com
24 http://blog.entrepreneur.com
25 http://www.instigatorblog.com
26 http://networking.entrepreneur.com
27 http://vestpocketconsultant.entrepreneur.com
28 http://www.gapingvoid.com
29 http://lsvp.wordpress.com
30 http://www.howardlindzon.com
31 http://inspired.entrepreneur.com
32 http://weekend.entrepreneur.com
33 http://www.vcconfidential.com
34 http://www.businessweek.com/the_thread/blogspotting
35 http://dondodge.typepad.com/the_next_big_thing
36 http://www.texasstartupblog.com
37 http://fiveyearstoolate.wordpress.com
38 http://www.coloradostartups.com
39 http://www.markpeterdavis.com/getventure
40 http://www.startupnorth.ca
41 http://www.business-opportunities.biz
42 http://www.entrepreneurs-journey.com
43 http://socialentrepreneurship.change.org
44 http://campusentrepreneurship.wordpress.com
45 http://www.billionswithzeroknowledge.com
46 http://www.getentrepreneurial.com
47 http://www.nextbillion.net
48 http://philanthropy.blogspot.com
49 http://www.tacticalphilanthropy.com
50 http://blogs.wsj.com/independentstreet
51 http://www.newhampshirestartups.com
52 http://www.kentuckystartups.com
53 http://www.techflash.com
54 http://www.davidcrow.ca
55 http://www.bootstrapme.com
56 http://www.northcarolinastartups.com
57 http://vcmike.wordpress.com
58 http://joi.ito.com
59 http://www.ocvcblog.com
60 http://www.startupprincess.com/wordpress
61 http://blog.acumenfund.org
62 http://startup.partnerup.com
63 http://www.startupmeme.com
64 http://blog.timberry.com
65 http://www.thefrankpetersshow.com
66 http://www.growthology.org/growthology
67 http://www.montrealtechwatch.com
68 http://www.innoeco.com
69 http://founderresearch.blogspot.com
70 http://canentrepreneur.blogspot.com
71 http://bizcoach.blogspot.com
72 http://ben.casnocha.com
73 http://www.gifthub.org
74 http://www.askthevc.com/blog
75 http://www.startupcfo.ca
76 http://blog.ecairn.com
77 http://www.sitepoint.com/blogs
78 http://blog.socaltech.com
79 http://www.mvmpartners.com/blog
80 http://www.nivi.com/blog
81 http://www.allantyoung.com
82 http://coheda.typepad.com/israel
83 http://www.christine.net
84 http://www.vcrants.com
85 http://www.tjacobi.com
86 http://blogs.forrester.com/colony
87 http://www.adeoressi.com
88 http://commonangels.wordpress.com
89 http://vcinjerusalem.typepad.com/vcinjerusalem
90 http://wallen.typepad.com/wallen
91 http://thoughtsprevail.blogspot.com
92 http://www.infochachkie.com
93 http://www.afpr.com
94 http://www.epicchange.org/blog
95 http://blog.bootuplabs.com
96 http://www.skollonline.com/blog
97 http://www.dorm-room-biz.com
98 http://www.vccafe.com
99 http://marktomarket.typepad.com/marktomarket
100 http://blog.marsdd.com
101 http://www.altgate.com/blog
102 http://www.jasonmendelson.com/blog
103 http://www.wellingtonfund.com/blog
104 http://english.martinvarsavsky.net
105 http://www.socialmediaclub.org
106 http://www.toiletpaperentrepreneur.com/blog
107 http://www.delbourg-delphis.com
108 http://vcratings.thedealblogs.com
109 http://www.unleashingideas.org/blog
110 http://www.energybyte.com/blog
111 http://www.venturedig.com
112 http://www.microcapital.org
113 http://www.theequitykicker.com
114 http://www.theclosetentrepreneur.com
115 http://presspass.entrepreneur.com
116 http://shiftingcareers.blogs.nytimes.com
117 http://www.change.gov/newsroom/blog
118 http://www.startuptweet.com
119 http://altos.typepad.com/vc
120 http://blog.bplans.com
121 http://www.churbuck.com/wordpress
122 http://www.onthecommons.org
123 http://www.zviband.com
124 http://www.businessblogwire.com
125 http://yallaguy.wordpress.com
126 http://laurent.pierssens.com
127 http://babblingvc.typepad.com/pjozefak
128 http://www.unstructuredventures.com/uv
129 http://www.floridaventureblog.com
130 http://www.leveragingideas.com
131 http://www.allthingscahill.com
132 http://www.stetoscope-blog.com
133 http://www.johngannonblog.com
134 http://everythingstartup.blogspot.com
135 http://www.thepomoblog.com
136 http://www.smallbusinessbrief.com
137 http://www.austinstartup.com
138 http://bluepointmktg.blogspot.com
139 http://www.abovethecrowd.com
140 http://schumpeterscentury.blogspot.com
141 http://vcwhisperer.blogspot.com
142 http://www.techflash.com/venture
143 http://www.appfrica.net/blog
144 http://onhollywood.goingon.com
145 http://www.ariwriter.com
146 http://www.insidevtknowledgeworks.com
147 http://www.socialcapitalmarkets.net/blog
148 http://thebostonentrepreneur.wordpress.com
149 http://www.startupweekend.com
150 http://microfranchising.blogspot.com
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Wednesday, December 03, 2008
Why you should hire me as a trusted advisor
Your business needs a trusted advisor to make sure the relationship between the various stakeholders stays healthy.
A business by nature is always in transition, trying to get from one phase of the life-cycle to the next:
creation
growth
stability
closure of some sort: dissolution, merger, IPO etc...
Each of these phases require a team with a different set of skills.
And then when the transition from one phase to the other is achieved, the team needs to get re-organized to meet the requirements of the new phase the business is in.
In addition to and independently from the internal tensions created by this constant change, there are natural tensions between the various stakeholders.
And there are many of them:
- entrepreneur
- employees
- customers
- investors
- suppliers
- vendors
- external contractors
- other legal and fiscal stakeholders
Of course, you can always manage the tensions through open communication, and most of the time this is good enough. This is where a strong company culture makes a big difference, because everybody's interest tends to be more aligned, thus minimizing the risk of friction.
But then again and typically over time untold issues accumulate. Some problems will disappear because the people involved will leave, but some tension will also slowly build up because not everybody has the option of getting out: investors need an exit strategy, the entrepreneur needs a transition plan, etc...
This is when you need a trusted advisor: think of it as your doctor, and as doing regular checkups.
When it comes to your health, you would probably agree that prevention is better than waiting until the problem starts surfacing.
Similarly for a business it is much better to check the health of the relationships within the business rather than wait until the business is in trouble.
And the person you need should be from the outside, free of any potential conflict of interest so that the all stakeholders can have a truly open discussion with him/her.
It should not be the company lawyer, because you would not want him to know too much about you personally.
It should not be the company CPA because you may want to keep your own financial issues for yourself.
It should be somebody at the heart of the business ecosystem that all stakeholders can trust without second thoughts. Somebody who can pull in the necessary resources and work with them to help resolve issues without being responsible for the direct execution a specific task (which may create conflict of interest). The general contractor who will coordinate the work between the architect and the various contractors on the job.
What you will get
A trusted advisor who will listen and can bring into the discussion his own prospective from many years of business experience
- A trusted neutral third party to provide mediation between all the stakeholders within the business ecosystem at large
If you agree that your business would be better off with such a person, please contact me: marc at dangeard dot com
Monday, December 01, 2008
The Entrepreneur Commons concept submitted on Change.org was featured on the social entrepreneurship blog here.
Check it out if you want more details on how the idea came and how the Obama administration could help entrepreneurs.
If you like what you read, please vote for the idea here:
http://www.change.org/ideas/view/sponsor_a_structure_for_entrepreneurs_to_support_entrepreneurs
Click on the "Vote" button showing the current number of votes.
And then don't forget to forward the info to your friends, as we need a lot more votes if we want to make it to the top 10.
Thank you for your help :-)
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Check it out if you want more details on how the idea came and how the Obama administration could help entrepreneurs.
If you like what you read, please vote for the idea here:
http://www.change.org/ideas/view/sponsor_a_structure_for_entrepreneurs_to_support_entrepreneurs
Click on the "Vote" button showing the current number of votes.
And then don't forget to forward the info to your friends, as we need a lot more votes if we want to make it to the top 10.
Thank you for your help :-)
-----------------------------------------
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Wednesday, November 26, 2008
Please support Entrepreneur Commons on Change.org
I'm not sure if you've heard, but there's a movement of citizens inspired by the presidential campaign who are now submitting ideas for how they think the Obama Administration should change America. It's called "Ideas for Change in America."
I've submitted an idea and wanted to see if you could quickly vote for it. The title is:
Sponsor a structure for entrepreneurs to support entrepreneurs
You can read and vote for the idea by clicking here.
The top 10 ideas are going to be presented to the Obama Administration on Inauguration Day and will be supported by a national lobbying campaign run by Change.org, MySpace, and more than a dozen leading nonprofits after the Inauguration. So each idea has a real chance at becoming policy.
Can you click here to support Entrepreneur Commons?
And feel free to spread the word :-)
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Saturday, November 22, 2008
Top Twitter Social Entrepreneurs
I made it into the Top Twitter Social Entrepreneurs list by Nathaniel Whittemore
Thank you for this honor :-)
Here is Nathaniel's list:
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Thank you for this honor :-)
Here is Nathaniel's list:
Name - Erik Hersman
Twitter - @whiteafrican
Why You Should Follow - Founder of Ushahidi, blogger at AfriGadget and WhiteAfrican, all around smart guy and great tracker of the African technology and innovation
Name - Guy Kawasaki
Twitter - @guykawasaki
Why You Should Follow - Founder of Alltop, social media evangelist and best selling author on entrepreneurship, tweets regularly with practical advice for traditional and social entrepreneurs
Name - Vanessa Mason
Twitter - @vanessamason
Why You Should Follow - Blogger and tracker about all things global health, international development, and creative solutions to poverty and inequality
Name - Marc Dangeard
Twitter - @mdangear
Why You Should Follow - Founder of Entrepreneur Commons and general advisor to social entrepreneurs
Name - Joe Solomon
Twitter - @engagejoe
Why You Should Follow - Social media consultant working with Social Actions, Joe's Twitter stream is a hub for all online social innovation
Name - VCTips
Twitter - @vctips
Why You Should Follow - An aggregator of great tips for those entrepreneurs who are pitching or looking to pitch to venture firms and angel investors
Name - Jon Gosier / Appfrica
Twitter - @appfrica
Why You Should Follow - Jon's Appfrica project does a phenomenal job keeping track of social technology innovations with ramifications for the developing world
Name - Social Entrepreneurship at Change.org / Nathaniel Whittemore
Twitter - @socialentrprnr
Why You Should Follow - Our official Socialentrepreneurship.change.org Twitter account - get updated about new posts and interesting projects
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Monday, November 17, 2008
Peer to peer lending for sustainable capitalism (in French)
Interview by David Bourgeois, COO of Altik - here
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Friday, November 14, 2008
Direct Territories
After his essay on Direct Economy, Xavier Comtesse is coming out with a new essay (in French for now) on Direct Territories.
Here a summary of the essay:
Summary
Territories as defined by government have become disconnected from the ecosystems in which people and business live and work. New ways of communicating have created an additional layer on top of these territories and ecosystems, ultimately defining new territories in which we have to coexist.
These new ways of communicating have also created a culture of participation.
As a result, governments need to reconsider their processes, they need to foster participation and learn to manage collaboration between multiple stakeholders from both the public and private sector. Rather than deregulation, this calls for a redefinition of the role of government, and of the culture we share.
Findings
Material - our physical world has evolved:
- For the longest time, territories were an administrative mapping of geographical regions.
- More recently, business ecosystems have appeared in metropolitan areas, and they typically overlap several administrative areas, creating a layer on top of the original mapping, and adding a level of complexity in the management of geographical communities.
- As a result, the administration of the physical space, and the power over what can be done where, is a conversation between multiple stakeholder that are a mix of private and public organizations.
- In addition people and companies are more mobile now than they used to be. This means that there is competition between various regions of the world through the ability of those involved to choose where they go. The conversation cannot be a one way conversation, it requires a participative process.
Immaterial - our life also happens online:
- The latest progress in telecommunication, with ubiquitous access to information enabling telecommuting, is redefining the concept of "community center". People can work from home, they can work while they are on the move (airports, hotels, cafes, etc...), the center is now a virtual place that does not necessarily map to a physical place. Yet another layer has been built on top of physical territories.
- the emergence of online communities, and of online tools to manage the collaboration between users, have created a culture of participation.
New territories - material
Where the material meets the immaterial at the most basic level is in the house, where it is now possible to navigate between the physical and the virtual space, to be in many locations at once. And therefore this is where we should look to define new territories we live in, looking at the use of the space in the house and how it creates new infrastructure requirements to better serve individuals and the community around them.
New territories - immaterial:
To foster the participation that people have come to expect, we need to implement the following:
- direct economy: involving the consumer in the value chain
- direct knowledge: involving the student in the learning process
- direct content: involving the user in the production of content
- e-government: online access to public document and online transactions
- ubiquitous connectivity: wifi or wimax everywhere
- geotags: virtual tags for physical places
- digital spaces: internet cafes, creative corners
- techno-squares: technology in public spaces
- new services: for example digital books allowing shared comments and notes
- Thinktanks open to citizens
- Digital governance: joint efforts involving multiple stakeholders from the public and private sector, managed in total transparency
Meeting these new requirements create challenges on the government side:
- grassroot power vs hierarchy
- bridging the digital gap
- government as a process rather than a solution
- from enforcement to engagement
- re-defining the role of politicians
- measuring intangibles
- re-emphasizing culture
More specifically government must foster participation through the following:
- manage change
- map the various existing layers on top of the new territories
- establish common values
- push for results
- get stakeholders buy-in
- establish a core group before allowing others interested players into the conversation
- favor a pragmatic approach rather than a decision process based on ideology
- share best practices across the various new territories
- measure progress and results
To conclude, the emergence of new territories creates the need for an evolution from democracy as we know it to participative democracy, with an unavoidable overlap between the 2 systems while they coexist, which will create tensions. But rather than deregulation, it calls for a redefinition of the role of government and of the culture we share.
A lot of work still remains to be done and we should be ready for exciting times to come...
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Can you tell me here how I am doing?
Here a summary of the essay:
Summary
Territories as defined by government have become disconnected from the ecosystems in which people and business live and work. New ways of communicating have created an additional layer on top of these territories and ecosystems, ultimately defining new territories in which we have to coexist.
These new ways of communicating have also created a culture of participation.
As a result, governments need to reconsider their processes, they need to foster participation and learn to manage collaboration between multiple stakeholders from both the public and private sector. Rather than deregulation, this calls for a redefinition of the role of government, and of the culture we share.
Findings
Material - our physical world has evolved:
- For the longest time, territories were an administrative mapping of geographical regions.
- More recently, business ecosystems have appeared in metropolitan areas, and they typically overlap several administrative areas, creating a layer on top of the original mapping, and adding a level of complexity in the management of geographical communities.
- As a result, the administration of the physical space, and the power over what can be done where, is a conversation between multiple stakeholder that are a mix of private and public organizations.
- In addition people and companies are more mobile now than they used to be. This means that there is competition between various regions of the world through the ability of those involved to choose where they go. The conversation cannot be a one way conversation, it requires a participative process.
Immaterial - our life also happens online:
- The latest progress in telecommunication, with ubiquitous access to information enabling telecommuting, is redefining the concept of "community center". People can work from home, they can work while they are on the move (airports, hotels, cafes, etc...), the center is now a virtual place that does not necessarily map to a physical place. Yet another layer has been built on top of physical territories.
- the emergence of online communities, and of online tools to manage the collaboration between users, have created a culture of participation.
New territories - material
Where the material meets the immaterial at the most basic level is in the house, where it is now possible to navigate between the physical and the virtual space, to be in many locations at once. And therefore this is where we should look to define new territories we live in, looking at the use of the space in the house and how it creates new infrastructure requirements to better serve individuals and the community around them.
New territories - immaterial:
To foster the participation that people have come to expect, we need to implement the following:
- direct economy: involving the consumer in the value chain
- direct knowledge: involving the student in the learning process
- direct content: involving the user in the production of content
- e-government: online access to public document and online transactions
- ubiquitous connectivity: wifi or wimax everywhere
- geotags: virtual tags for physical places
- digital spaces: internet cafes, creative corners
- techno-squares: technology in public spaces
- new services: for example digital books allowing shared comments and notes
- Thinktanks open to citizens
- Digital governance: joint efforts involving multiple stakeholders from the public and private sector, managed in total transparency
Meeting these new requirements create challenges on the government side:
- grassroot power vs hierarchy
- bridging the digital gap
- government as a process rather than a solution
- from enforcement to engagement
- re-defining the role of politicians
- measuring intangibles
- re-emphasizing culture
More specifically government must foster participation through the following:
- manage change
- map the various existing layers on top of the new territories
- establish common values
- push for results
- get stakeholders buy-in
- establish a core group before allowing others interested players into the conversation
- favor a pragmatic approach rather than a decision process based on ideology
- share best practices across the various new territories
- measure progress and results
To conclude, the emergence of new territories creates the need for an evolution from democracy as we know it to participative democracy, with an unavoidable overlap between the 2 systems while they coexist, which will create tensions. But rather than deregulation, it calls for a redefinition of the role of government and of the culture we share.
A lot of work still remains to be done and we should be ready for exciting times to come...
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Can you tell me here how I am doing?
Global Entrepreneurship week - Nov. 17-23, 2008
Global Entrepreneurship week is next week.
I have submitted a challenge - change the world in one minute.
Can you do this?
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How am I doing?
Wednesday, November 12, 2008
The VC model is broken - the word is getting out
Just got this PPT from VentureBeat :-)
One year after I discussed the end of the VC era (see my previous post here), I am happy to report that the word is now officially out, and the following powerpoint says it all. The one issue where help is really needed is Seed investment, and because unfortunately, as I also discussed earlier in this blog (here) Angels are not the answer. I have started Entrepreneur Commons as a way to try to resolve the issue, this latest post from VentureBeat will certainly help build momentum :-)
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How am I doing?
One year after I discussed the end of the VC era (see my previous post here), I am happy to report that the word is now officially out, and the following powerpoint says it all. The one issue where help is really needed is Seed investment, and because unfortunately, as I also discussed earlier in this blog (here) Angels are not the answer. I have started Entrepreneur Commons as a way to try to resolve the issue, this latest post from VentureBeat will certainly help build momentum :-)
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How am I doing?
What is a Social Business?
I have seen all kinds of definitions for a Social Business, and often times quite narrow ones specifically focusing on the issue of poverty in developing countries. And while this is important, there are many other issues we need to deal with, and this is why I prefer the broader view:
To me a social business is any business who is focused NOT on maximizing profit BUT RATHER on maximizing Social Capital within the ecosystem it exists in, using the broad definition of Social Capital to be the credibility you have within your community.
I believe that this is the kind of business we need to change the world beyond the focus on poverty and to resolve the broader set of economical and ecological challenges we are facing today.
And to help with the process, I like the idea of trying to come up with an index that would help us evaluate the social capital of people or organization. One simple measure that you can try to optimize (because this is human, we like to optimize things and competition is healthy). I am exploring the idea with the Vindex and there may be other possible options.
In the end, the main issue at this point is lack of focus on the investment side: people know how to invest in general to maximize profit, but when it comes to social businesses, everybody has their own view of the world and their own goals to fulfill and matching demand (social businesses looking for cash) with offers (social investors with very precise ideas of what they think is wrong and a mission to change things) is hard at this point. And it will stay like this until there is a way to focus everybody or enough people involved that the lack of focus is compensated by shear volume (as it is in regular financial markets).
I think the 2nd is what we should try to push for: when people realize that what has gone wrong with the world is because we try to maximize profit, and when they will agree to move to maximizing social capital (=sustainable capitalism), and they start using an index that allows everybody to compare despite the lack of focus from one mission to the other, then we will have a good story to tell.
So if you want to help, get your Vindex now for you and your business and please let me know how it feels to you and others around you working on this as a measurement...
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How am I doing?
To me a social business is any business who is focused NOT on maximizing profit BUT RATHER on maximizing Social Capital within the ecosystem it exists in, using the broad definition of Social Capital to be the credibility you have within your community.
I believe that this is the kind of business we need to change the world beyond the focus on poverty and to resolve the broader set of economical and ecological challenges we are facing today.
And to help with the process, I like the idea of trying to come up with an index that would help us evaluate the social capital of people or organization. One simple measure that you can try to optimize (because this is human, we like to optimize things and competition is healthy). I am exploring the idea with the Vindex and there may be other possible options.
In the end, the main issue at this point is lack of focus on the investment side: people know how to invest in general to maximize profit, but when it comes to social businesses, everybody has their own view of the world and their own goals to fulfill and matching demand (social businesses looking for cash) with offers (social investors with very precise ideas of what they think is wrong and a mission to change things) is hard at this point. And it will stay like this until there is a way to focus everybody or enough people involved that the lack of focus is compensated by shear volume (as it is in regular financial markets).
I think the 2nd is what we should try to push for: when people realize that what has gone wrong with the world is because we try to maximize profit, and when they will agree to move to maximizing social capital (=sustainable capitalism), and they start using an index that allows everybody to compare despite the lack of focus from one mission to the other, then we will have a good story to tell.
So if you want to help, get your Vindex now for you and your business and please let me know how it feels to you and others around you working on this as a measurement...
-----------------------------------------
How am I doing?
Sunday, November 09, 2008
From Jeff Jarvis in Dubai: "A fundamental reboot"
From Jeff Jarvis blog:
And then:
I like that last bit. It would be nice that these people look into the financing of these entrepreneurs as a way to help them do a more efficient job at changing the world. Entrepreneur Commons is focusing on this, hopefully more will see the need...
The environment and sustainability group — which called for “a fundamental reboot” in 2009 — said that the crisis in fuel, finance, and food were “just canaries in the coal mine. They are early warning signs that the system is not sustainable.”
And then:
innovation and creation and invention are the real cures and the real means for growth and I hope we concentrate on them. WEF head Klaus Schwab does address the theme in his closing: “entrepreneurship in the global public interest.”
I like that last bit. It would be nice that these people look into the financing of these entrepreneurs as a way to help them do a more efficient job at changing the world. Entrepreneur Commons is focusing on this, hopefully more will see the need...
Saturday, November 08, 2008
Using the Vindex to track Social Capital
Friday, November 07, 2008
Top 150 social media blogs
For those interested, my friends at eCairn just released their Top 150 social media blogs list here, ranked based on a relevance formula that mix topic and topology relevance - not crowdsourcing, actual science. It is always useful to see who matters...
Thursday, November 06, 2008
Open Government
From www.change.gov
Thank you Barrack Obama for pushing the vision...
OPEN GOVERNMENT
It’s Your America: Share Your Ideas
The story of the campaign and this historic moment has been your story. Share your story and your ideas, and be part of bringing positive lasting change to this country.
Thank you Barrack Obama for pushing the vision...
Maximizing Social Capital
Building on the train of thoughts from my previous post on Financial Markets and Social Capital, and now that the world has a new US president that has been talking about hope and change, I would like to go back and explore further the value of focusing on Social Capital:
- it grows when you give, rather than when you take,
- it grows when you give, rather than when you take,
- it does not decrease when you use it right,
- it is way more satisfying to build social capital than building capital. This is one of the reason why the Bill Gates and the Warren Buffett of the world get into it after they are done building their huge fortune. Because you get tired of accumulating wealth, but you never get tired of giving and helping (and unfortunately there is no immediate end to the need for it). And then they have come to realize that the world really needs it.
If capitalism as we know it got us where we are today, how about a capitalism where the focus is on maximizing social capital for those involved (entrepreneur, employees, customers, partners, investors, etc...)?
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