Showing posts with label Mark Zuckerberg. Show all posts
Showing posts with label Mark Zuckerberg. Show all posts

Monday, August 13, 2012

Facebook's Financial Woes Are Unnecessary

Image representing Facebook as depicted in Cru...
Image via CrunchBase

LinkedIn makes a ton of money off of your resume there even when you don't log in for weeks, months. Because your resume is data. Facebook has a larger user base, a more engaged user base. It is constantly collecting data. But it is not monetizing it like LinkedIn is monetizing it.

Facebook's monetization so far has been like if Google had run banner ads like Yahoo back in 2002. That would have been such a dud.

The top mobile app on all smartphone and tablet platforms - Facebook - struggles with mobile. That's pathetic. The top site to collect data on human behavior struggles with monetization. That's pathetic.

Facebook At $25: This Is Not A Glitch
Fred Wilson, Mark Zuckerberg And Mobile
Facebook And Big Data
Fractals: Apple, Windows 95, Netscape, Google, Facebook, Twitter
Finally Facebook Lets Me Reach Out To Non Friends
The Twins Were Rowing Boats


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Saturday, August 04, 2012

Fred Wilson's Blog: A Gift That Keeps Giving


Fred Wilson has an impressive track record as a VC. That is public knowledge. I have lost count of how many tech companies I got really, really excited about only to later learn it was a Fred Wilson portfolio company.

The dots I am trying to connect in this post is to propose the thesis that Fred Wilson's blog has been fundamental to his very impressive work as a VC. As in, the great work he has managed to do over the past decade he could not have done without his blog. He has a method about his comments section. That is where he goes fishing.

That thesis springs forth a few questions.

One, is it a required? As in should all VCs aspire to blog? I think yes. There are a lot of a A caliber VCs out there who don't blog daily (or ever) like Fred Wilson does. But what I am saying is if you are starting out as a VC today blogging daily is one of the things you can not afford to not do.

Two, other than fishing expeditions is blogging good for your mind? This is a huge yes. I think blogging is for everybody regardless of industry, regardless of what stage they are at in their careers. Blogging is working out for the mind. That is primarily why I blog, speaking just for myself. It also helps with meaningful networking. If Fred did not have a blog, and I did not have a blog, I doubt we would have met to date, I doubt we would have known each other.

Three, could this thesis be extended to tech entrepreneurs? That is a question up in the air. Because there is no A grade tech entrepreneur (or B grade) who blogs daily. Mark Cuban blogs weekly or every few weeks, but I think of him as a retired entrepreneur, he is more of an angel, and besides, his blog does not have Disqus.

I'd love to see some top tech entrepreneurs blog daily like Fred Wilson does. Is that possible? Advisable? I'd hope so. I wish some A grade people running for office did the same.

To Fred's credit he is a top blogger regardless of his track record as a VC. He goes toe to toe with people who are full time bloggers with nothing else going on on the side. I mean, I think Fred could earn a living simply through blogging. Talk about Plan B, not that he needs one.

Fred Wilson is my favorite solo blogger for a few different reasons. But there came a time when I did not read his blog for months. I felt like I was too sucked into it. I needed my space, I thought. But then my recent thought has been not that I should stay away, but that top entrepreneurs he is not invested in should also read his blog.

Fred Wilson, Mark Zuckerberg And Mobile

Once Fred paid tribute to Ben Horowitz on the other coast by saying he - Fred - simply writes checks. As in, Ben has been an entrepreneur. But in some ways simply writing checks has advantages. Away from action you can get better at vision and insight. Zuck struggles with mobile. Fred's blog talks often about mobile. I don't know of books delivering similar wisdom.




Fred Wilson's Impossible Inbox
Fred Wilson: A DJ
Meeting Fred Wilson In Person
A Surprising Blog Post From Fred Wilson
A Mind Blowing Party
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Tuesday, July 31, 2012

Facebook Eating Into Its Ecosystem

Image representing Facebook as depicted in Cru...
Image via CrunchBase
Right before Bill Gates retired he was talking in terms of baking anti-virus software right into Windows. He had been doing things like that during the entire life of that operating system. Remember when he baked the web browser into Windows and got into trouble?

I think it is but natural for Facebook to eat up into its ecosystem. Instagram owed no small amount of its user base growth to the fact that it used the social graphs on Facebook to spread the word. And guess what happened.

Mark Zuckerberg Reveals He Is Open To A Radical Change In Facebook Strategy
Facebook's sudden openness to owning more of its platform
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Thursday, July 26, 2012

Facebook's Money Problem

Image representing Facebook as depicted in Cru...
Image via CrunchBase
Facebook's Earnings Report Underscores Its Challenges
the decelerating growth of its advertising business, which accounted for 85 percent of its $3.7 billion in revenue ..... in the last quarter, Facebook got $1.28 in revenue from each of its users, which is barely changed from the same time last year. .... the average revenue per user in the U.S. and Canada jumped to $3.20 from $2.84 a year ago
There is no relationship at Facebook between user growth and revenue growth. And that seems to be the problem. Long term I am not worried. There are several ways to monetize Facebook. Facebook has to figure out Facebook-unique ways to make money.
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