Thursday, January 20, 2011

Social Media Week Is Back

Whole Foods | Austin, TXImage by That Other Paper via FlickrI was just looking at the Social Media Week site for the first time after spotting a mass email from Toby Daniels. I got lost on first try.

I remember having a lot of fun last year during Social Media Week.

Social Media Week: The Best NY Tech MeetUp Ever

Not Going Into Any Accelerator Program

Y CombinatorImage via WikipediaThere is no accelerator program anywhere that will help me tackle the last mile in microfinance, the most important mile in my line of work. I have a FinTech startup, but it does not revolve around coding, it revolves around the last mile of microfinance.

Also, I can't think of one iconic tech company that came out of some accelerator program. You could argue accelerator programs are a new phenomenon, they have not had the time to spit out iconic companies yet, but accelerator programs are more for purely web tech companies. Mine is not one.

My Third World Advantage

Image representing Google as depicted in Crunc...Image via CrunchBaseThere are five broad categories in tech: web tech, clean tech, bio tech, nano tech, fin tech. Each of those five categories are broad. Each has sub categories, and sub sub categories.

There is no next Google in web tech, there is no next Facebook in web tech. Google is the next Google. Facebook is the next Facebook. But the Googles and Facebooks of clean tech, bio tech and nano tech are still out there. They are still small. If you can locate them and put some money into them, you are going to end up uber rich. But it is not easy to locate them, not easy at all. Even the Google of today was not easy to locate when it was small. Yahoo could have had the Google search engine for a few tens of millions, but they passed up on the offer.

Who Hired You?

Sam Walton voted most versatile boy in the Dav...Image via WikipediaSam Walton is an inspiration of mine. I find Walmart, Dell and the dollar pizza places fascinating. I admire those who can keep the costs down.

Sam Walton had plastic chairs at his Arkansas headquarters. And this was after Walmart had gone public, and Sam Walton was a billionaire already. His logic was obvious. If we buy expensive chairs, the costs get passed on to the customers. It made perfect sense to buy plastic chairs. When he traveled for business, he made a point to stay in cheap motels.

I read his autobiography a long time ago. It is a slim book, a great read.

We Are Not Trying To Solve All The World's Problems

People talked of me as a future Prime Minister of Nepal when I was at high school. They were perhaps not off the mark, because a guy who was junior to me politically before I came to America - I was too young to be running for office legally, but I was Vice General Secretary to a political party with two MPs - has been a cabinet minister in Nepal for years now. I have sharp political instincts, as sharp as anyone on the planet. Like Marlon Brando says, I could have been somebody.



My point being, what I have is not a political organization. We are not in the good governance business. Good governance is basic to poverty elimination. But if a people have an illegitimate, shady, corrupt, oppressive government, it is their responsibility to rise up and throw that government out. My company is not in the political revolution business, although I don't see how I can stay away from Iran myself personally.

A FinTech StartUp With An Edge

Lincoln on U.S. one centImage via WikipediaWhat I have is a FinTech startup. It is a tech startup. But it is not a tech startup that is trying to come up with the next big thing in tech. That we will leave to the companies that are first and foremost web tech companies.

But we a-r-e going to stay on a constant lookout for developments in tech to see what new developments we can put to the use of microfinance. So we are going to keep our antenna up. But then that is not true only of web tech. We are also interested in the developments in clean tech, bio tech, nano tech. If there will be developments in those sectors that we can possibly put to the service of our microfinance efforts, we will go in with both hands.

Mock Pitching Brad

Tomorrow, Friday, at noon I will be mock pitching my friend Brad Hargreaves at General Assembly: five slides, five minutes. I am going to conclude by yelling, "Brad, show me the moneeeeeey!" Or maybe I will not yell, he is a friend, but I w-i-l-l deliver the line.



Why did I pick Brad? Well, he is a friend. He is an amazing blogger. He "gets" tech. He is an entrepreneur at heart, although he has worn a few different hats along the way. When I first met him he was an Entrepreneur In Residence at a VC firm.

Wednesday, January 19, 2011

The Best Way To Deal With Venture Capitalists

An assortment of United States coins, includin...Image via WikipediaVCs are money people. And many entrepreneurs fall for that stereotype. VCs are not rich people - well, many are - but my point is VCs are not big money people who are itching to get rid of the money that is, oh, such a burden on them. VCs are entrepreneurs themselves. They go raise money. They raise money promising to grow that money. The good ones do. The best ones grow the money like money were raining from trees. If you put that first 100K into a company like Google, you see a growth that is better than any winning lottery ticket ever.

There are many, many VCs out there. There are many, many, many would be tech entrepreneurs out there. As an entrepreneur you should not need money. You should be able to generate revenues and profits.

Top VC Bloggers: The Numbers Don't Look Right


TechCrunch has an interesting post: The Top 20 VC Power Bloggers Of 2010.

It's good to see Fred Wilson, Brad Feld, Chris Dixon, Charlie O'Donnell, and Albert Wenger on the list. These are people I have met in person or, in Brad Feld's case, interacted online. Of all the people on the list, I personally know Fred Wilson best, either in terms of how often I visit their blog and leave comments at their blog, or in terms of how many times I have met in person.

Tuesday, January 18, 2011

Kiva And My Outfit: Three Major Departure Points

Image representing Kiva as depicted in CrunchBaseImage via CrunchBaseI am a huge fan of Kiva. They went from raising $5 million five years ago to raising over $100 million last year and are projected to raise close to a billion dollars in five years. But that would still be a drop in the ocean. Global poverty is no small challenge.

There are more than 10,000 MFIs - microfinance institutions - in the world today. But global poverty is as big as ever. It looks like a virgin terrain to me. There is so much work to do.

Going For Profit



Yunus is the father of non profit microfinance. When the white people in the Arctic Zone of Scandinavia awarded him the Nobel Peace Prize, he made a little over a million dollars.

My FoodSpotting Day Hangover

Image representing Foodspotting as depicted in...Image via CrunchBaseFoodSpotting Day was January 15, and granted I celebrated it in two different cities, the celebrations have to stop at some point. But looks like my FoodSpotting Day hangover goes on. It is not like I have a new idea to share, but I do feel the urge to flesh out a few things I have suggested before.

The Most Popular Dish In New York: Shake Shack Burger, Madison Square Park
World FoodSpotting Day 2011: January 15: Photos

I am not the best person to talk about the food recommendations business, but I don't get the impression FoodSpotting is lacking for direction on that front. It is moving full speed ahead there.

Catchafire


My two tech partners and me were at this event earlier in the evening. I got to meet and get to know the entire Catchafire team, it felt like. And this entire time I have been thinking of them as a non profit. They are a for profit like my outfit. And they cater not only to non profits. It felt to me like I could find some part time consultants through them.

Monday, January 17, 2011

Intrepid Woman Rachel Cook


Last night I was at Gizzi's Coffee for a screening of the MicroLending Film by my colleague Rachel Cook. Later we went to a birthday party of a friend to our tech partners Sunil Madhu and Marty Monaco. That was at Draft Bar in Brooklyn. Sunil was at the screening too. He left for the party early.
The Glass Hammer: Intrepid Woman: From Futures Trader to Microfinance Film Maker: I was working as a Futures Trader on the European shift – in the middle of the night, Chicago time – in September 2009 when I first came across an op-ed in The New York Times written by Nick Kristof the month before, “The Women’s Crusade.” I was completely floored by the article – it told the stories of women in the developing world, facing terrifying, seemingly insurmountable odds. And some of these women were able to overcome these odds using a development tool I’d heard little about – microfinance. I was intrigued. Microlending seemed to help women, and it seemed to be a high-return financial investment – both topics of high interest to me...... While maintaining my trading job, the crew and I traveled to South America and filmed in Paraguay in 2010, and we’re only getting started – we’ll continue filming throughout this year...... I love trading. I wasn’t a superstar, but I was profitable over the course of my career when trading a variety of products, including during the financial collapse in 2008. I made more money than I had expected to see at 25 ..... But over the course of my trading career it became increasingly evident that much of the criticism about the trading world was all too true – particularly in its attitude toward women. ...... During my tenure at this first shop, the 2008 presidential elections were happening, and I’d hear these macho frat guy-types yelling at the TV, telling Palin to “go back in the kitchen” after Senator McCain first announced her as his VP pick. ...... we’re planning to shoot in Bangladesh and India in late February, and will also film in Kenya and in New York, in the interest of making this a truly comprehensive project about microfinance and how it impacts women
Rachel's Microlending Film was the best of the three movies shown for the evening. The other clips had too much forced violence. It was like, okay, time to end the 15 minute movie, let's kill a character.

The Most Popular Dish In New York: Shake Shack Burger, Madison Square Park


You have to wonder, how does Charlie O'Donnell figure these things out?

Go Easy On Charlie Now

Sunday, January 16, 2011

Happy FoodSpotting Day Soraya Darabi

Webby Connect 2008 - 039Image by lizstless via Flickr

Okay, so FoodSpotting Day was yesterday, but I just noticed my Soraya Darabi blog post for the first time has become a top five blog post for the week at this blog. Most of that traffic is, I believe, coming from Google. Looks like a lot of people are doing searches on her name.

Union Square Ventures: A Real Choice

Image representing Scott Heiferman as depicted...Image by Meetup via CrunchBase
Union Square Ventures: The Opportunity Fund: For entrepreneurs, this means that if you are leveraging the economics of Internet-based networks to transform some aspect of the global economy, Union Square Ventures can be a partner, whether you are just launching your service, funding rapid growth, or spinning your business out of a larger entity. We can work with you if you need $250,000 or $25,000,000. We can invest in New York, San Francisco, London, or Berlin, and most places in between. We hope you'll think of USV as stage-agnostic, highly-focused investors who can add value to your company.
Fred Wilson is my favorite solo blogger. I drop by his blog most days. The days I can't, I drop by the following day and catch up on the missed posts. When I drop by, I leave a short comment. I was here!

FoodSpotting Day: Thoughts

Image representing Foodspotting as depicted in...Image via CrunchBaseI have been fascinated by FoodSpotting. I am not exactly a meat and potatoes kind of guy, but I am only slightly above steamed broccoli. I would not describe me a foodie. I come from a country of subsistence farmers. I am sufficiently into food, don't get me wrong. But my fascination with FoodSpotting has been what it has meant as a tech startup, best caputured by a phrase I coined, that FoodSpotting is the next FourSquare. It is the leader in the what after check in space. It inhabits the royal vertical in that space.

World FoodSpotting Day 2011: January 15: Photos

So when I celebrated FoodSpotting Day yesterday - in two separate cities, Philly and NYC - I was on a mental hyper drive of sorts. I kept thinking, what next, what next? What next for FoodSpotting?

World FoodSpotting Day 2011: January 15: Photos


Friday, January 14, 2011

The Gotham Gal


I like Fred Wilson plenty as is, and I have been profuse in my praise for him at my blog and in the comments sections of his blog. But then I got to meet the Gotham Gal, and that is what cemented it for me. That is when I realized I really, really want this guy on my Board. He is a big shot. I might or might not get him. But I am going to leave no stone unturned to get him. I decided.

MLK Day Brunch With Jack In Philly

Chris, Come In At 50K


Fred, How About Some Money?
Future Of The Internet: Easy, Says Dixon
Hola Charlie, A 50K Opportunity
FinTech: I Am Loving The Term

Chris. I want you to come in at 50K. This offer does not come with a Board seat, obviously. But maybe Fred Wilson will keep a good watch over your money as well, don't you think?

You are my favorite Super Angel. You are right up there with Caterina Fake. I have been reading about Super Angels for months now. There is a part of me that wants to know what they are all about, and hence the offer.

Hola Charlie, A 50K Opportunity


Fred, How About Some Money?

Charlie, here's what I believe an opportunity of a lifetime for you and your firm. This is First Round Capital's chance to step into FinTech.

Thursday, January 13, 2011

FinTech: I Am Loving The Term


This is not the first time I am feeling like Fred Wilson stole my idea.

Fred Wilson: Calling All Fintech Entrepreneurs

What Got Me Started With FoodSpotting

It was this comment by Amy. This comment is what got me started with FoodSpotting. I felt compelled to respond to the comment, and the only way you could leave a comment was by creating an account, which was easy to do, took less than 10 seconds, and next thing you know I am on FoodSpotting.


But once I got my account I spent over an hour creating my profile, uploading a picture, browsing around. I discovered I really like dumplings. I can already see why FoodSpotting would make for an intense eating experience.

Future Of The Internet: Easy, Says Dixon

Chris Dixon: Predicting The Future Of The Internet Is Easy: Anything It Hasn't Yet Dramatically Transformed, It Will.: Facebook’s “private” IPO with Goldman Sachs ..... the dot com crash of 2000 disillusioned many .... Already transformed: music, news, advertising, telecom. Being transformed: finance, commerce, TV & movies, real estate, politics & government. Soon to be transformed (among many others): healthcare, education, energy. .... The modern economy runs primarily on information, and the Internet is by orders of magnitude the greatest information mechanism ever invented. ..... People, companies, investors and even countries can’t stop this transformation.
I have ready many blog posts by Chris Dixon, and the content of most of them have been super, but the title of this blog post stands out. This is the best title to a Chris Dixon blog post yet of all I have read yet. It is bold, it is obvious. There is no beating around the bush. It is simple. Simple enough that makes you feel as to why you yourself did not push out that blog post title. You could have had it to your name.

This is Chris Dixon's best blog post of all I have ever read, and I have read a few.

Penises For Sale: The Russian Mafia Is On It

This summary is not available. Please click here to view the post.

Wednesday, January 12, 2011

General Assembly: Singing Praises


Charlie O'Donnell tricked me into it. After the snowball fight ended, he lead a group of us to the General Assembly. I had never heard of the place before.

"Is this your office, Charlie?" I asked.

Pretending To Be Dead


On Saturday I went for a four hour plus walk in the blizzard. It was tremendous fun. I was pretty aimless in where I was going. So far so good. Then I got back and drank some water that was colder than it needed to be. That precipitated a cold.

Turmeric powder works. Garlic works. Ginger works. Tylenol works.

500 Followers on Quora


Not long back I blogged saying I was astounded I had 300 followers on Quora. I had not been active. How did they find me?

Friday, January 07, 2011

As For Quora: Blogging Still Rules


This is Fred Wilson at Quora. And this is Fred Wilson's blog. Some of you might have visited. I visit near daily. The days I miss - rare - I catch up later.

Now that I am active at Quora, I don't feel like, thank God Fred Wilson is on Quora, now I no longer have to visit his blog.

Quora: A Satellite Company To Twitter


There is this urge to label some new company the next Twitter, or the next FourSquare. For one, you sound like a visionary when you do, and so people jump to do it.

Quora Tip: Follow 25 Topics, 50 People To Get Started


That is my number one tip for you at Quora. If you don't follow enough topics or people, Quora is not about to become a part of your life.

Nate Says There Is Hope


Only Nate could write a manifesto like this and call it a manifesto.

I Am On Facebook Messages Now

Facebook Messaging Event: My Favorite Question
The Twins Were Rowing Boats

SAN FRANCISCO - NOVEMBER 15:  Facebook founder...Image by Getty Images via @daylifeI just got a prompt from Facebook to activate Facebook Messages for me and I promptly did. I am exhilarated.

I have been ranting and raving about the inbox for a long time now. Google might have navigated the web, but no one had tried navigating the inbox. And now I think Facebook has taken a great step in that direction. This is as fundamental a departure as Gmail was from email services before that. This is huge.

Thursday, January 06, 2011

Apple Is A Cultural Phenomenon

Steve Jobs while presenting the iPad in San Fr...Image via Wikipedia
Fortune: Apple's market cap tops $300 billion: Giving ExxonMobil a run for its money in the race to be the world's most valuable company ..... Apple has been the most valuable tech stock and the world's second most valuable publicly traded company -- after ExxonMobil (XOM) -- since it passed Microsoft (MSFT) last May.
It's astounding as to how far Steve Jobs has brought Apple in a dozen years or so. Apple could very well end up the world's most valuable company. That is just mind boggling.

The iPhone swept the scene. Before that it was the iPod. Wait, Steve first started with the Mac itself. Computers could actually be good looking. He did that. There was a Time or Newsweek cover I remember from years ago that said, iPod, therefore I am.

The iPad has created a whole new class in computing. And the Macbook Air has brought the price point to more achievable levels. The guy creates sleek.

Wednesday, January 05, 2011

Do You Qro?


Qro is a verb I came up with. I think I am the first person.

If you are active on Quora, you qro. If you are not active, you don't qro.

2011: Quora's Year?


Quora is up to something. I can't ignore it no more.

Getting Popular At PlanCast

Image representing Mark Pincus as depicted in ...Image via CrunchBaseIf the CEO of a hot startup himself emails you without any prompt, I think you have a right to feel a little popular. So I got an email from the PlanCast CEO a few days back. It almost felt like the emails I got from Mark Pincus in early 2009. Pincus has become big since, and he does not respond to my emails no more.

I came across PlanCast through Charlie O'Donnell's events newsletter that he sends out every Monday morning. One event linked to its page on PlanCast, so I RSVPd, and ended up discovering the site. I have been hooked since. It is a great place to find events.

I have not added any events myself yet, but that is about to change.

Getting Popular At Quora

U2, Kalvøya-festivalen, Norway, August 21st 1983Image via WikipediaI don't "get" Quora yet.

I mean, I get it. I see its importance. I see why it is hot. I see why it needs to survive and thrive. But I don't "get" it in that I am not an avid user yet.

It feels more like a way to rub shoulders with some top names in tech than anything else. But after a few years in New York City, you kind of get past that celebrity thing. Accomplished people make for interesting conversations, sure, but that is not true of all famous people. And there are famous people in all sorts of domains.

I have never owned a TV. I don't watch TV. So I routinely miss out on hit shows. I have been to a few parties where you get introduced to people who are apparently on some kind of a show, and you are like, you know, I am sorry, but we are just going to have to start with names. My name is. I mean, I don't know you, you come across as a pleasant person, so tell me more about your show, what is it about?

Fred, How About Some Money?

Fred Wilson - The Naked TruthImage by Randy Stewart via FlickrCharlie O'Donnell At His Inspiring Best

Hi Fred. Looks like you are back from your Middle East Peace Tour, aka vacation. (1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26) And so this might be a great time to bother you. Chances are you are not cranky.

I am writing this at three in the afternoon but shall schedule post it for four in the morning when people are asleep, and no one quite sees it. That is how JFK first wanted to announce that it was Bobby for Attorney General: around midnight. He feared accusations of nepotism. If you do give me money, people might think it is because I am a member of the AVC community. Accusations of nepotism might fly.

Tuesday, January 04, 2011

100 Things To Watch In 2011


(Via Fred Wilson)

This slideshow is best viewed in full screen mode.

Following/Worshipping



(Via TechCrunch)

FoodSpotting's Social Graph: FoodSpotting Day: January 15

I came across this Facebook update in my Facebook stream when I logged onto Facebook Monday evening. The screen image I took later when I started work on this post. Update spotted! I took a screen shot.


FoodSpotting's Social Graph: FoodSpotting Day: January 15
Going Backwards: FoodSpotting, FourSquare, Twitter, Facebook
Fractals And FoodSpotting
FoodSpotting Is The Next FourSquare
Instagram Magic
Checking In, Tweeting, Spotting, Updating
StartUp Anxiety For FourSquare?
Self-Serve Makes Sense For GroupOn, Also FourSquare
Fractals: Mandelbrot
Making Dick Costolo An Offer He Can't Refuse
Congrats Zuck
Jai Ho
Gender Talks
Soraya Darabi
Should FourSquare Be Scared Of Facebook?

I worked on my blog post about Facebook going into search in a big way after that, scheduled to be posted Tuesday at 8:00 AM. And I sent out this tweet. The tweet is to Amy who left a comment at my last post about FoodSpotting. She does social media for FoodSpotting, and has a great foodie blog of her own.

Facebook Could Do Well In Search

Image representing Facebook as depicted in Cru...Image via CrunchBaseSearch is the core of what Google does. Search is where Google makes almost all its money. Google gives away Android for free because, well, it will make money off of search. And I don't doubt Google will keep innovating. When blogs first burst onto the scene, and Google search results were being seriously skewed in favor of blog posts, Google tweaked its algorithms. Google will similarly respond to the content farms and the SEOed to the hilt sites.

Saturday, January 01, 2011

The Twins Were Rowing Boats

Mark Zuckerberg at South by Southwest in 2008.Image via WikipediaThe twins were rowing boats and I want the money back. What these guys have been able to do already is a travesty to the spirit of entrepreneurship.

They have this attitude that since they were born into money - not money by Zuckerberg standards obviously - and Zuckerberg was merely a dentist's son, they could hire this guy to build them a billion dollar company.