Oh, That Money Thing Again

A long time ago in a galaxy far away, my cousin Janet was visiting me in Houston. During her stay, we spent a lot of time with a friend of mine (who, incidentally, is one of the characters in my long forgotten and half written novel that became the Mr. Happy stories). Anyway, one night my friend was trying to convince Janet to go home with him. He was getting nowhere and finally she blurted out “Look, I just met you,” to which my friend responded without missing a beat, “Oh, that time thing again.”

That’s sort of the way a lot of these Web 2.0 companies seem to approach their business plans and the obvious, at least to some of us, need to actually turn their nifty science projects into some cash. I have talked until I’m blue in the face about the faulty logic inherent in the ad dollars as a sole revenue source approach. Yet every day we read about another social bookmarking service and another social networking service who plan to take over the world, one ad click at a time.

The lawyers are about the do some damage to those who believe they can toss up a system, let the inmates run wild and sit back and get rich and famous.

Joe over at Techdirt posts today about a new MySpace angle designed to disguise the fact that it’s just more advertising and a new Facebook angle designed to disguise more ad sales as some sort of a joint venture by giving the advertiser some equity.

If I were a VC, I would ask only one question to every startup that I came across:

What is your revenue model, exclusive of selling ads and getting bought by Yahoo.

If I got an unsatisfactory answer, I would thank them and tell them I’m not interested.

It’s that money thing again. In the business world, you simply have to make it. Otherwise, you’re not a business, you’re a hobby.

On a related note, I still want to know, exactly, who clicks on online ads. I have never once (never, not even one time) clicked on an ad on a web site I didn’t own. If you regularly click on online ads, please leave a comment and tell me about it. I’ll devote an entire post or two to this if I get enough takers.

Welcome to the Hotel AOL

aol-thumb-158x131-54926.jpgYou can check out anytime you like, but you can never leave.

After waiting on hold for 15 minutes to talk to a live person so he could cancel his account, an AOL account holder was basically told no by a now unemployed customer service rep. There is a video available on the page linked above that contains a recording of this memorable conversation.

What I would like to see is a copy of the script/instructions that AOL gives its customer service reps to use when someone calls to cancel their account. Granted, this guy went a little overboard, but I suspect the reps were told to try to dissuade people from leaving.

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Dell Blowing Up in Japan

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When I saw the headline, I was happy. I am a shareholder and thought it meant blow up as in take off. You know, similar to bad like Shaft and all that.

As it turns out, it really blew up- as in exploded.

It seems that at some conference in Japan a Dell laptop suddenly exploded into flames. Granted, my Dell laptop sometimes feels like its on fire when sitting on my lap, but thus far I haven’t been able to cook over it.

I suspect a faulty battery was to blame.

This is not the first time Dells began to spontaneously combust.

But don’t look for another fire sale.

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Who Decides Who Decides: The Wikipedia Problem Explored

I have been reading with interest the recent discussion about Wikipedia, that great collaborative, free, online and hopefully accurate, encyclopedia. Let me begin by saying that I use Wikipedia all the time and that I think the idea of a collaborative encyclopedia is a great idea- in theory and, perhaps, in practice.

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The recent discussion revolves around the issue of editorial checks and balances.

I am convinced the issues arise out of differing views of the meaning of collaboration. You see, when you agree to collaborate, you must collaborate. Which means that, in theory, everyone is free to add to and edit entries on topics that, presumably, they know something about. Some people, however, seem to be taking the term collaborate a bit too literally, thinking that any restriction on a user’s desire to have his or her way with an entry taints the process and constitutes some sort of undesired censorship. This is wrong, and here’s why.

In any online collaborative venture, be it an encyclopedia, a message board or blog comments, there are several kinds of potential content providers:

First and best, there are the knowledgeable and helpful people who try to play by the rules and make an effort to be objective. Objective matters not on a message board which, by design, is to be filled with opinions. It matters greatly when the goal is a shared resource. Even subconsciously, opinion and emotion often creep into writing disguised as facts. There must be some checks and balances, other than the emotional reactions of those who emotionally disagree, to preserve the required amount of objectivity.

So even with people who are trying to play fair, there is a need for oversight.

Then there are the people who don’t know what they don’t know. On a blog, I can talk about politics, curling, why I like David Gilmour better that Steve Gillmor, and anything else I want ramble on about- and if it turns out that I am foolish, wrong or mistaken, my readers will simply vote with their subscription buttons. But if I decide all of the sudden that I am an expert on curling, am I really the right guy to rewrite the Wikipedia page on curling? Of course not.

So again, there must be checks and balances in case people start believing they know more than they do.

Then there are the people who have genuine but differing opinions of how a site should be run. The best example of this at Wikipedia are the people who either enter or edit entries about themselves. If unchecked, everybody and their dog would have an entry. On the other hand if you see something about yourself that is factually incorrect, why shouldn’t you be able to correct it. Again, checks and balances are needed. (As an aside, while I read and like Fred’s blog, Wikipedia is not limited to online or VC matters, so if Fred is suitable for an entry, so are a ton of other educators, business persons, doctors, lawyers, firemen, soldiers etc. who do a lot of good here in the real world).

Finally, there are the troublemakers. I remember the night Mike Arrington posted about a test chat room that had been set up by 3Bubbles to show their new chat application. I wondered over to check it out, and the signal to noise ration was beyond horrible thanks to quite a few chatters who were there purely to disrupt things and create chaos. I can tell you from vast experience developing and operating interactive web sites that disrupters and troublemakers are a constant problem that require constant diligence. Left unchecked, the vandalism that Jimmy Wales calls “a minimal problem, a dull roar in the background,” would eventually overwhelm the legitimate content the way unpulled weeds will overwhelm a yard.

The New York Times article sums up the Wikipedia problem nicely:

“At its core, Wikipedia is not just a reference work but also an online community that has built itself a bureaucracy of sorts- one that, in response to well-publicized problems with some entries, has recently grown more elaborate. It has a clear power structure that gives volunteer administrators the authority to exercise editorial control, delete unsuitable articles and protect those that are vulnerable to vandalism.”

and

“While these measures may appear to undermine the site’s democratic principles, Jimmy Wales, Wikipedia’s founder, notes that protection is usually temporary and affects a tiny fraction of the 1.2 million entries on the English-language site.”

All of which leads me to my conclusion.

We shouldn’t be worried about the fact that someone gets to decide what is acceptable at Wikipedia. Instead, we should focus on who decides who decides what is acceptable at Wikipedia.

As long as there is built-in fairness to the answer to that question, the other problems, both from an inclusive and an exclusive perspective, will take care of themselves.

In fact, when people argue about limitations of any kind, they are often not arguing about the limitation so much as they are about who controls the limitation. If we focus narrowly on the real problem at hand, it is easier to understand the problem and to craft a solution that work for everyone.

It’s all about the correct checks and balances.

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Elvis, Gates and Kinky Friedman

Perhaps unable to go on after Elvis left the building, Bill Gates is stepping down at Microsoft, to devote more time to his charitable foundation. The foundation has donated $10.5 billion in 12 years of operation.

Meanwhile, Kinky Friedman continues to slap around the other candidates, proving that if he were to somehow get elected Governor of Texas, we’d be in for an interesting time. His camp had this to say recently about candidate Carole Keeton Strayhorn asking to be listed on the November ballot as Carole Keeton “Grandma” Strayhorn:

“Strayhorn’s demand that her political slogan be put on the ballot is completely absurd and reveals a politician fast becoming irrelevant,” said spokesman Robert Black. “Kinky Friedman may tell jokes, but the Strayhorn campaign is teetering on the edge of becoming one.”

Maybe Bill should fund Kinky who should hire Scoble as the official Texas evangelist and podcaster. We already have a state bird and a state flower.

This would keep the band together and be good for Texas at the same time.

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Humor and Sense from Henry Blodget

Henry says that maybe eBay will buy Fed Ex and Verizon, so it can add a “Mail Me” and a “Call Me” (perhaps Al Green could be their marketing spokesman) to the “Skype Me” buttons on its auctions.

Henry likes Skype fine, but says correctly that a Yahoo purchase would have created greater synergy. Amen. I love eBay, but I haven’t the foggiest idea why it bought Skype- other than the old bubble inflating standby. Because it could.

I actually installed Skype for the first time ever last week. And I have to admit it’s pretty cool. But I can’t conceive a situation in which I would want to “Skype” a buyer or seller of an auction. In fact, I would probably consider it an intrusion if I got “Skyped” by someone based on an eBay auction.

Sometimes the strategic plans of internet companies are a lot like the movie Momento. They start at what should be the end and then make things needlessly complicated after that.

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Goal Tracking Made Easy

It’s the simple things that solve real problems that have the most potential to make a difference. When I saw those little power strip savers a year or two ago, I couldn’t believe someone hadn’t thought of that years ago.

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I feel the same way about Joe’s Goals, which I read about today at Lifehacker.

Joe’s Goals is a straight forward, simple to use and seriously useful online goal tracking application. You sign up, set goals (both things to accomplish and to avoid) and track your progress. A neat feature is that you get one point for every goal you meet each day and lose a point for every one you miss. If you think in math like I do, you could average your weekly scores and create a trend line (integrated charts and trend lines would be a really cool feature for a future release).

I set up a few goals in about 2 minutes and now have a little tangible incentive to eat healthy, work hard, etc.

Check out Joe’s Goals- you’ll be glad you did.

Another One Goes Over the Wall

Mathew Ingram is reporting that Om Malik is quitting his job too (or at least going from senior writer to a contributing editor), having received some “funding” (where can I sign up for some of that?) and elected to blog full-time. Paul Kedrosky mentions this as well. Steve Rubel offers some marketing advice for Om’s new venture.

The way I figure it, anyone who can make hell freeze over can certainly make a go at blogging for a living. Like every other blog reader in the world, I read Om regularly and find him to be a thoughtful and reliable voice in an often chaotic blogosphere. In fact, I often look to Om to confirm rumors I read about first elsewhere. Credibility goes a long way in business, particularly media, and Om has plenty of it.

Best of luck to Om.

Now I’m off to see my VC guy at the corner market to see about a little funding for me. The Texas lottery is up to $17M.

Journaling Does Not a Journalist Make

At least not in the way Scoble means.

I have no doubt that a lot of bloggers got it wrong when reporting Scoble’s move. I also have no doubt that all of the blogging frenzy that went on comes with the territory when you’re popular and in the public eye.

In my semi-humble opinion, the biggest thing holding the blogging movement back today is a complete failure to reach any consensus on what a blog is and what a blog isn’t.

The fact is that blogs are many things. Fun, hard, happy, sad, serious, frivolous. The beauty of a blog is mostly in the eyes and fingers of the blog-holder.

To some, it is a podium to express their views.

To some it is a natural part of their larger purpose.

To some it is a way to explore their passions.

To some it is a living Christmas letter (and I mean no disrespect- that is a beautiful and worthy purpose).

To some it is an evolution in traditional journalism.

To some it is a way to entertain.

To some it is a way to grieve.

To some it is a way to have conversations with people about topics of mutual interest.

To many it is some combination of the above.

Granted, that is no excuse for posting irresponsibly. And it does not exempt bloggers from some of the good practices of traditional journalism.

But to say that bloggers are journalists is to miscast both the nature and the beauty of a blog.

Unless, of course, by journalist, you mean someone who keeps a journal.

That would be pretty accurate.

Life’s Sweet Wine’s too Warm to Sip

Here’s my question.

second life avatarIf you’re a happily married, middle aged man who likes to build things but is not big on chatting with strangers, what, exactly, do you do in Second Life after you’ve built your castle?

I can’t believe I’m about to write this, but I think I’ve lost my jones for Second Life. I have built a fine castle from scratch, with good music and lots of gadgets. Now on those rare occasions when I log onto Second Life, all I do is wander around my ghost-town of a region and ask myself “what now?”

I’m not much of a computer gamer, so the casinos hold little attraction. I’m not too interested in chatting up random strangers. I have explored about as much as I want to.

In sum, I’m bored.

Second Life is fantastic from a technological perspective and I am still sold on the business plan, primarily because of its appeal to young people. I’m just not sure what there is to do there that will keep my attention.

Any ideas?

Unless I come up with a plan, I think I’m going to bag it.