bummpy.com bummpy.com

13Nov/092

Entrepreneurship Social-Media and Skeptics Oh My! (Prt. 2)

This is part 2 of a 3 part series that I originally posted in 2008. I'm revisiting this series because I feel like I've come a long way since originally drafting these ideas and so has the web 2.0 landscape. I'm using this to reaccess whether my ideas may have been right or wrong and to further refine my hypotheses about this dynamic market.

========

 

I think I ended cutting the last bit a little short because my brain tends to start running in circles the more I think about something. I'll try to tighten up any loose ends as I continue on to part 2 of this 3 part series.

Social-Media (Web 2.0?)

The first thing that I should say on this topic is that none of what is considered Web 2.0 is really very new. Blogging (writing crap and digitally publishing it) has been around for ages, same with web forums, and a slew of other internet technologies that have been widely accessible and used for nearly a decade. Hell, if we want to step out of the context of the internet, move over youtube, public access tv has been around since at least the 80's. But I'll get into this in more detail in part 3 of this series. Just know that I've considered these concepts as we continue along. Shall we?

There are two main points I want to address (not that I won't tangent off into more, but these are the main 2). First, and in my opinion, anyone who takes the time to create a blog should, at the bear minimum, put some thought into their role as a content creator on the internets, if not speak directly to it on their blog. There's a lot of clutter on the internet and people should put a little consideration as to whether or not their contributions add more clutter, or actually add useful information (a point I really want to drive home, another time). Otherwise one can get stuck at point 2 of the "blog life cycle," where you end up just regurgitating tired revelations over and over again.

Second, as an early "millennial," I grew up with an Apple IIe in my classroom in elementary school (number crunchers and oregon trail FTW), remember getting our first PC at home which was a big deal, remember getting our first CD-ROM drive and installing it ourselves (again, this was a big deal in the early 90's), and I remember using BBS's before the internet. Long story short, I've spent most of my life around computers and depending on them, but I also remember a time when I didn't have that sort of relationship... a simpler time, if you will.

I'm by no means an early adopter (this blog is proof of that), but I tend to stay ahead of trends and I think I have an eye for visionary ideas when I see them. But I remember reluctantly signing up for hot-or-not when my friend hassled me until I did, I always hated that site and its entire concept but it was a primer for sites like friendster which I also reluctantly signed up for back in 2003 when that same friend kept on pestering me to sign up. That was back when I was in L.A. for an internship and didn't really know that many people, that was also when I saw the value in social-media for the first time. If you've ever lived in a city like L.A., you know that you meet people left and right like crazy because everyone is so friendly (or fake for those that don't like L.A., I don't believe it though) and because everyone is so social (ie parties, a lot). You would meet all these people at a party for a fleeting moment and then you'd log into friendster (and later myspace when friendsters servers couldn't take the traffic and all around sucked at that time) find those people through your one or two friends who introduced you and bam! - you had this huge network of people who you found a real connection with and created real relationships with when, in the past, you would have one evening of drunken fun and never even remember their names ever again. I've still got really good friends that I keep up with to this day through that medium.

Fast forward to 2008 and now we all have a profile on over a dozen websites: friendster, myspace, facebook, delicious, flickr, linkedin, digg, twitter, and on and on and on. Privacy and secrecy is basically a thing of the past, we're all connected, and connected in very intimate ways. But what does this all mean, and what does it/can it do for you? Well, it doesn't mean a whole lot... yet.

The way to make money on the internet is not an exact science today; this is still the wild frontier. But as we become more connected, we're going to see more relevant content on the web. For instance, I've been reading a lot of blogs on alltop (an aggregation of blogs across an array of topics that I came across from reading one of the creator's blogs). I was specifically reading a lot of blogs under the topic of design when I kept on finding a bunch of clothing brands and other nick-knacks that I really liked. I think I ended up spending a couple hundred bucks on stuff that month. The point is that the more you know about your market (segment, niche, etc.), the better you can service that market through your offerings whether product or service. Furthermore, the socially connected web is a lot more informal and personal, so you don't feel like a lemming targeted by corporate America to exploit because the product or service being marketed towards you is something that might be passed on by a friend who thought it would be a good fit for you based on a conversation you were just having vs. the "spray and pray" method of putting a bunch of corny ads all over the place a hoping someone actually buys.

Another trend I've been noticing is that people are beginning to shy away from the mega sites like ebay and taking their business to more community based sites like etsy for buying and selling stuff like trinkets and crafts because they are better served by that medium because they are more closely connected (and because people are sick of getting scammed). I think you're going to continue to see smaller web-based communities pop up to fill the gaps where the original mega sites like ebay and amazon left off, but you're going to see this trend across the board whether you're buying products and services or just looking for relevant information.

But as many of you know, not everyone sees things things this way. Stay tuned for part 3 as I cover the skeptics and their criticisms of this web 2.0 craze.

25Aug/091

A Primer On Regretting Your Online Prescense

This topic has been coming up a lot lately as the use of twitter and, especially, facebook is becoming more and more ubiquitous. A lot of people are becoming concerned about how their constant updating will be perceived and whether or not they will look back and regret some of their past contributions to the public sphere.

I recently watched Primer, a movie about a group of young entrepreneurs who mistakenly invent a machine that allows you to travel back in time. Once they realized what they invented, they tried to determine how to monitize or sell this important technology. They soon realize that it would be too difficult to sell and potentially dangerous for other people to know about. So they decide to use the technology to game the stock market & become rich (in a nutshell, of course there's more to the story).

What does this have to do with your internet persona & over sharing? Well, a lot of the decisions we make & ideas we harbor are a product of our life experience and our assumptions of our realities based on our understanding of the world. This is inherently a dynamic process and we gain new perspectives of how the world works everyday. So it goes without saying that many of our approaches to life can fundamentally change as new information and understanding come to light, changing our assumptions and ultimately our ideas and philosophies. In the case of Primer, their understand of the world changed in such a drastic way that they were forced to re-evaluate their ethics & morals. Do you tell your angel investor? Do you pitch the technology to VC's or DARPA? Or do you "cheat" the market, become rich and buy a private island in the Caribbean (the whole reason you got into entrepreneurship in the first place)? Does the end justify the means?

This an exciting process that is really interesting to watch unfold. Why should we feel regret? What new experience has reshaped your reality today?

15Aug/081

HOW A New Job Can Make You Happier

I kept my last post brief because it had been so long since I posted, I wanted to at least give a quick update. Now that I'm back on the horse, I want to spend a little time on the How. Some people say that you shouldn't put so much emotional real estate into a job, and that career satisfaction is as much about your state of mind as it is what you actually do: I fully agree with that sentiment, but I think there are some other factors involved as well.

Focus on the context

Sometimes a new job is needed because your current job is so depressing, sometimes a new opportunity presents itself and is such a good fit for you and your goals that you can't pass it up. There are many driving factors that affect your emotional relationship with your job and why you might need a new one.

Your current job sucks!

  • Toxic environment - sometimes the environment you work in is so dysfuctional that you come home stressed out, depressed, and exausted just from having to put up with the people you work with. This is one of those self evident things (hopefully) that should be easy to spot in the wild.
  • No respect - similar to toxic environment, but can exist in its own right. You don't need to be admired by your colleges and adored by your superiors, but you should be able to at least be treated like a human.
  • Dead end - and lastly, a job doesn't have to be a torture chamber of an experience, sometimes the opportunity cost of staying at a job can set you back for years and really put a hamper on your long term goals and happiness.

The new opportunity is so much better than what you do now:

  • An offer you can't refuse - Whether you've been on an agressive job search for months or an aquaintance you met last week offers you an amazing job out of nowhere; sometimes it doesn't matter how good or bad your current job is, an opportunity presents itself that is SO great that it's a no brainer to move on and progress your career to the next level.
  • You know what you want - And what you're doing right now ain't it.  Getting a job in the field you want will, by definition, place you in a happier environment unless...
  • You don't know what you want - You don't like what you're doing now, but have no idea what you'd rather do instead.  This is your opportunity to experiment! You might come across a new line of work that really inspires you.  What's the worst thing that could happen?  You get another crappy job?  Quit and start all over again.

Well there you have it.  A short list of items that I've found true to my job/happiness hunting experience.  I'm still in the honeymoon phase right now though, so check back in a couple months and see how happy I am.  But the fact of the matter is that all jobs have their down points, but the key is to know when those down points have crossed a line and be keen to when that happens.

10Jun/081

Youth is Wasted on the Young

I always thought this quote was kind of funny and peculiar, I always thought it reeked of envy; yet I secretly wished I could somehow join this exclusive club, whose right of passage was simply the passing of time, to gain a deeper understanding of it. I was born in '81, just at the cusp of what they're calling Gen-Y; hell, I graduated H.S. in 2000 so that kind of makes me the official first wave of millennials huh?

Well, that means I'll be 27 this year and closer to 30 than to 20, so I recently had my first youth is wasted on the young moment. I was making my way to the radio station (on campus) and it was around that time of year when all of the freshmen and sophomores (i.e. the youngin's) were clearing out of the dorms; I saw a group of really young one's (it's crazy how obviously young people look in their late teens/early twenties) lallygagging outside, all care free and purple haired as they want, and I thought to myself "those bastards don't know how good they have it!" That's because I was running late and all stressed out because I was doing the radio Saturday evenings, working 40+ hours a week, and going to grad school on weeknights all at the same time: I was self admittedly envious of the fact that they had no pressing matters, they had no monkey on their back flinging poo at ever turn of life. As far as they were concerned, all they had to do was worry about getting their crap out by some arbitrary cutoff day.

Then I had to take a step back away from the situation and slap myself in the face to bring myself back to reality. By the time I finished my undergrad I'd been to Beijing, Taiwan (twice), lived on the east coast, lived on the west coast, fallen in love, gotten my heart broken, partied a lot, made wonderful wonderful friends... Long story short, I had a really sweet, kick-ass time in college.

The lesson learned is that life is wasted on the living.

It is every person's responsibility to live life right now. I think the author's heart was in the right place when he coined this phrase, but I think he lets himself and generations of people off the hook by placing the blame on a risk free (and therefore reward free) life on the naiveté of youth. I also have to give credit where credit is due; perhaps the genius of this quote is that young people will hear it and take a moment to reflect on their lives and, in an attempt to spite the generation that proceeds them, get up and actually do something with their lives.

One can only hope.