It feels like change is afoot. I'm ruminating. Actions speak louder than words though.
I had a good call with an old friend who inspires me and mentors me. You know who you are. You're also reading this ....thanks.
It feels like change is afoot. I'm ruminating. Actions speak louder than words though.
I had a good call with an old friend who inspires me and mentors me. You know who you are. You're also reading this ....thanks.
I saw this program at the Stanford entrepreneurs week:
There’s also an interesting pitch contest.
If you’re eighteen to twenty-five years old, all you have to do is
submit a two-minute video. In this video, you should explain your
answer to this question: What product or service would you offer to
help reduce America’s dependency on oil and other fossil fuels?
Makes me wonder, why doesn't the US government get behind this kind of thing in a big way?
Following up on my post about gold's gym, I loved seth godin's post.
I just got back from a week in Mexico. I think it's the first time I fully disconnected from media since 1994.
Awesome. I found myself reflecting on more than one occasion how tethered we are to modern communication and media. I was super happy to disconnect ....I just made reservations to do it again next year at the same time. Until then, I'm blogging again.
I'm not on the Love Boat, but I'm headed to Puerta Vallarta with the family for 1 week. Unlikely to be online or blogging. See you after the 19th. Until then, Adios.
There has been a fair amount of interest and talk about my most recent Yelp post entitled, "What Yelp did better than Judy's Book". There have been 4 basic responses (in my opinion):
So that's the feedback thus far as best as I can tell....I'll do my best to keep you informed in the coming days.
I have not yet had the good fortune of meeting Jeremy Stoppelman but when I do I think I'll say -- nice game....and I'll mean it. Jeremy and his team have done a nice job and did the following things better than Judy's Book (my company):
I still have lots of questions for Jeremy about how he turns his site into a money making business. That said, Jeremy and his team have a good game and have the best shot at executing on the original idea of a community directory.
As Judy's Book evolves and relaunches this quarter, you'll see that we're headed in a different direction than we were previously. We've ceded the directory business to other companies, including Yelp. We didn't do this because Yelp won (though, they were getting more consumer traction) -- but rather because we grew highly skeptical of the community directory business direction as the basis for a successful profitable business.
Judy's Book's new direction includes a real revenue model -- and a different set of challenges. I feel confident that we learned lots of lessons about user generated content, local search, and business in general that will help us succeed going forward. Anyone that thinks this start up thing is easy (particularly in local search), feel free to contact Jeremy or I ....we'll both tell you otherwise!
And what about this response to the global warming headlines:
Update: And Exxon is fighting back, reports the Guardian,
which writes that the AEI, an Exxon Mobil-funded thinktank, offered
payments of $10,000 to scientists for articles that emphasize the
report’s shortcomings. This, even as Exxon reports record profits.
In general, be nice. One, because it is the right thing to do and two, you never know who your next employer is going to be. I just got off the phone with a friend who was hired by his former client.
What's with these new headlines? Is this actually news to someone? It reminds me of a headlines like:
A friend asked me why I had started blogging again. I told him two things:
i) I have been getting a fair amount of positive feedback from the universe. My blog was picked up by TechCrunch, the Seattle Times, and the MSNBC recently. A classic case of "personal validation through feedback"....a term that was originally coined by the founder of Fotolog (which is a great company!), Adam Seifer and subsequently adopted regularly (and fondly) by my partner Chris DeVore.
ii) As I've gotten more into blogging, I get more out of it. It follows the old adage -- the more you put in, the more you get out. Lately, I've spent too much time adding a few widgets to my blog and I've started to follow traffic -- I'm not sure why I am doing this, I'm just doing it to understand the space more and make my page "prettier". I must say that adding widgets is still too hard...
Ben Casnocha has a great post referring to marketing lessons from Mark Benioff. It's worth reading the entire Forbes article but I'm enclosing two points from Ben's post that I thought were particularly insightful....these are originally Mark Benioff thoughts.
- Always pitch the bigger picture. Salesforce.com was about "the end of software," not customer relationship management software or software as a service.
- Before you start talking to the media, get ahold of your metaphor. This isn't a sound bite. It is a metaphor that is easy to understand. Salesforce.com's AppExchange is the eBay of enterprise software; AppStore is the iTunes. Early on, Salesforce.com was Amazon.com meets Siebel Systems.
In my talk about analysts, I can't omit Greg Sterling. I read Greg's post today about his claiming of the phrase "the church of local search". Well if he's going to claim that phrase, I'm going to nominate Greg as the rabbi of local search. It's more appropriate than either the pope or the minister of local search. What do you say Greg?
Greg is a great analyst who I had the pleasure of meeting 2+ years ago at the start of Judy's Book . We had a few things in common: a passion for local search, bagels and lox, and democrats. In fact, I'll never forget seeing Greg at the Kelsey show the day after Bush won the second term. A ver depressing day indeed. We exchanged condolences.
Since that time greg has moved on from the Kelsey Group and show, and is now out on his own. A tough move for any analyst. Greg does great work, is a great guy, and knows a thing or two about local search. Keep up the good work, rabbi.
Peter Rip at Crosslink Capital has a great post about the entrepreneurs perspective on failing fast. He lays out the analysis an entrepreneur has to take when raising capital for a consumer Internet company. He actually provides the framework behind what we're doing at Judy's Book. I must say that my process has been more intuitive than Peter's....but what's interesting is that while we're positioning to re-launch Judy's Book in the near future, we're also work on a couple of smaller sites that could get into market quickly. While this does have the effect of diversification, that's not what is motivating me (us) to launch multiple sites. Rather, it's my belief that simple sites are more likely to capture the consumers attention and they also happen to be easier to build. One last comment on Peter's post is that failing fast is not an objective unto itself -- succeeded faster is the objective and sometimes you need to fail first in order to succeed.
Charlene Li of Forrester Research is one of the best analysts I've had the pleasure of meeting. She's a chop-chop no-nonsense pull no punches kind of analyst. She still charges a lot of money but because of her approach, she manages to add value.
I'm yet to work with her fully in a professional capacity but look forward to the time we can afford her :-) (i.e. I've been the beneficiary of a couple of free update meetings that I've found to be very compelling and thought provoking)
I've been reading her blog and really like the post she just wrote about the ROI of blogging. Worth reading if you're spending an increasing amount of time on your blog -- like I am!
Here's another post that covers two themes I've been writing about lately:
i) organization size and the power of small over big
ii) quality products
37 signals does an excellent job. They've released a bunch of different items. They're making good money. They've evolved into a kind of rock star in my world. That said from some one who still listens to Journey and Boston as if they were present day musical stars.
We at Judy's Book have #1 above nailed down. We're small and staying small. The thing we're working on -- at times struggling with -- is making the right product design decisions in line with our constraints. The person making most of these decisions for Judy's Book is my colleague and friend -- the esteemed Rahul. He's writing about his use of the 37 signals spoon on a new blog that is worth checking out.
After reading Fred Wilson's post about saying No yesterday, we had a management meeting where we were discussing what features make it into the re-launch of Judy's Book and which ones we should say no too. It's a difficult conversation and wasn't filled with enough no's.
Without going into the details of the features we're discussing, the trade offs of time to market vs. completeness, quality, and differentiation. We ultiamtely sided with the latter -- but it was a hard decision because we're feeling pressure to show marked improvement in the numbers of our business soon.
This evolution thing isn't easy or fast ....but I have to say that I'm feeling excited and positive about our prospects. Time will tell....and no doubt, I need to practice saying NO more.
Another photo to share ....MLK weekend was my annual college ski weekend. We went to Jackson Hole for the first time. A few comments about Jackson Hole and this trip:
Looking forward to next year -- we're either going to return to Alta/Snowbird or go to Aspen. Remains to be seen. Look forward to it!
I've recently uploaded some photos from the past month...and I thought I'd share some with you.
I took a trip with my dad to Las Vegas. I arrived a night before him and thus, got to stay at the Paris hotel (Priceline selected the hotel for me). When I arrived at the hotel, I had to wait in a long line to register. When I finally got to check in, I was friendly and pleasant to the woman behind the counter. She looked at my reservation and decided (for no reason other than my kindness) to upgrade me to the penthouse suites on the top floor of the hotel. It made my stay unique and really fun. I just regret not having 40 or 50 friends to invite over for a party....the room warranted a big party. As you can tell from the photo, it's classic las vegas design! I have to say -- I enjoyed the Paris hotel....and won't soon forget this upgrade.
Hi, I'm Andy Sack!
This is my bag o' thoughts about entrepreneur-ship, venture capital, parenthood, and the world in general.
Executive Director, Seattle