Monthly Archives: August 2009

Stanford’s Entrepreneurship Corner: William A. Sahlman, Harvard Business School – Three Most Critical Elements of Venture Success: People, Customers and Sales

Stanford’s Entrepreneurship Corner: William A. Sahlman, Harvard Business School – Three Most Critical Elements of Venture Success: People, Customers and Sales

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Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – You Cannot Stop Spending to Innovate for Customers

Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – You Cannot Stop Spending to Innovate for Customers

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Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – Customer Diversity is Essential

Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – Customer Diversity is Essential

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Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – Customers Must Drive Your Business Model

Stanford’s Entrepreneurship Corner: John Thompson, Symantec Corporation – Customers Must Drive Your Business Model

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Finally Overwhelmed by a Technology: Posterous

Finally Overwhelmed by a Technology: Posterous

Last Sunday I spent some time with Steve Rubel, who is singlehandedly elevating Posterous to fame. A while ago I was asked by my friend Bill Reichert at Garage whether I thought Posterous would ever catch on, and I told him that even though it was easy, there were already too many blogging tools out there. I felt pretty smug when I said it, because I have been blogging since 1999 (and even before, although it wasn’t a blog, it was an E-Zine).

I was wrong; I suck. Tonight I was going through Google Reader and came upon Robert Scoble’s Posterous– his post about the valuation of Twitter, which was all the rage this weekend. But this was the first time I realized he had put it on Posterous.

[You have to understand that last night I spent the evening secretly making my OWN Posterous, because of that Rubel conversation, which took place at Scoble's house. I finally had to try it.  I resisted, because I already have a Tumblr, which i use to store my Tweets, and four or five blogs. I was so busy being industrious that I didn't even know Robert had beat me to it. Crap.]

My first impression is that Posterous works backwards from Tumblr and Friendfeed, and I didn’t know that until last night. Tumblr and Friendfeed can take everything IN, as indeed Facebook and Twitter kind-of-can, but Posterous puts things OUT. I’m not even sure it can take things in. I think you have to start with Posterous as the hub.

Now watch what’s going to happen to me as I post this to Posterous.  It will go out to Twitter, Friendfeed, and Facebook. Then it will start bouncing off these services and going endlessly back and forth in a recusive loop, because when I set these services up years ago, I forgot what fed to what. I’ve got all kinds of makeshift bridges going that I’m sure I’ve overlooked, and you are going to see everything three times (or more).

Until I find a service that can merge and purge my duplicate status updates and posts, I don’t think I can use Posterous. There’s a limit to ubiquity.

Let me know how many times you see this:-)

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Singularity University: An Innovation for Innovations

Singularity University: An Innovation for Innovations
NASA Ames Research Center Singularity University, which says it’s preparing humanity for technological change, is holding its first closing ceremonies here at NASA Ames Research Center.
I know NASA isn’t what it used to be, but it’s still way cool to be here at Moffett field. I got invited by Salim Ismail, who is heading the program. Ismail used to run Yahoo’s Brickhouse.

The first Singularity U clss, GSU ’09, graduated this morning.

The program starts with Daniel Kraft and Holly Abrams playing playing”SU Opus 1″ on the piano and cello. The accompanying presentation says “9 Weeks to change the world.” I don’t know enough about this; I’m here because Salim invited me and I felt honored. Belatedly, I prepare (during the music. Who says people can’t multi-task?)

Amidst a serious economic downturn, a small group of visionaries has launched a new educational venture called Singularity University. Singularity Co-founded by inventor and futurist Ray Kurzweil, X Prize chairman and CEO Peter Diamandis, and former Yahoo Brickhouse head Salim Ismail, Singularity University represents a new academic institution that has little in common with a traditional university.

This is beginning to sound awesome.IMG_0465

Singularity was born in 2008, announced at TED, and has already graduated a class. That’s a pretty compressed development cycle. Of course it is backed by…angel investors, with a few corporate partners like NASA, Google, and ePlanet Ventures.

The graduates had to create a project that would affect a billion people in 10 years. They had to work on projects that would address large world problems. At least six or seven companies will be launched. The class president is from Israel, the child of Iraqi parents. He’s 27, and an advisor to Shimon Peres. He gives a mind-blowing speech about two ways of looking at the world: that we inherit it from our parents vs. we receive it as a deposit from our children. The inheritance view encourages preservation, while the deposit view values innovation.

One of my heroes, Ray Kurzweil, takes the podium, talking about the power of inventions to change the world and people’s live. He says the rewards are not the important part — (they are like clay to the sculptor.) The two best parts of invention are working collaboratively with a passionate group to create the invention, and then watching the idea go out in the world.

Kurzweil has seen the presentations and says they will indeed change the world. He also says the community has been created, too, and that community will also change the world.

The inaugural projects (Conceived and launched in 9 weeks) were presented more professionally than most teams I see who have experience in presentations and far more time
ACASA – Sustainable housing construction for developing countries, using automated rapid manufacturing.
Xidar – Rapid Disaster Response Technologies- a constellation of technologies to communicate, triage, and treat disaster victims that addresses current gaps in data technologies to turn smart phones into lifesaving devices.
OneGlobalVoice – a cloud platform to help people in developing countries develop SMS applications for 2G phones
Getaround.com “packet switching for people” will change transportation from possession to accession! The world’s first peer to peer car-sharing service will be like ZipCar meets EBay.

I’m jealous. I wish I were involved. It’s a university for change agents.

Applications are already open for next summer, and for executive programs.

Graduation Ceremonies

Graduation Ceremonies

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The Night Ted Kennedy Died

The Night Ted Kennedy Died

I was awakened at 11 PM by a banging noise, and then the barking of my dogs, who sleep in the bedroom with me. I was terrified, thinking someone was breaking into the house. I huddled in bed, thinking someone was coming after me, and trusting the dogs to protect me. Only after about a half hour did the next door neighbor women, who have harrassed me before about noise from my hot tub (which is right outside my bedroom, and which I never hear myself), begin screaming at me to turn the hot tub off.

Now I wasn’t frightened, so I got out of bed, put on a robe, and went to the bedroom sliding door, and called to them “I can’t turn it off or it doesn’t stay hot. It has to run all the time. And the Planning Department has already inspected it and told me it wasn’t too close to your property line.” Yes, they had already sent the inspectors after me, and the inspector said it was correctly installed and said he’d put the matter “in a file.”

I then got back into bed, wide awake, turned on the TV, found out that Ted Kennedy had passed, and began to cry. For me, this was the end of the long era of hope that began with his brother John in 1960, when I was still in school, and over the past forty years wound down a road of disillusionment and confrontation with some very harsh realities about human nature and government.

In the mean time, the two women from next door came over to my house and rang my doorbell, awakening the dogs once again. I wondered what the neighborhood thought, but I was not willing to participate in any more negative energy, especially that night so I didn’t answer. Hours later, I went to sleep.

At dawn, my doorbell rang again. I awoke and went outside. There wasn’t anyone there, but there was a handwritten note (I’ve had several of these before, on issues ranging from my dogs to the hot tub). These neighbors have lived in the neighborhood since it was built, and I think they are afraid of the changes that come over time. Ironically, we’re about the same age–just not the same temperament. Because I live in Arizona part of the year, I’ve used to the constant white noise of pool motors and compressors on central air conditioners that go on and off all night. Not only that, but I grew up in New York City! My hot tub motor doesn’t even hit my radar screen. Nor, I believe, should it hit the radar screen of anyone who chooses to live in a subdivision with small lots, among other families with children, dogs, hot tubs, and noisy arguments:-)

The note said,” How come your hot tub is off now when you said it has to run 24 hours.? How come it runs continuously all night long and during the day it goes on and off? It’s called deliberate harassment.”

I didn’t know what to do. I watched the talking heads mourn Ted Kennedy, with his great concern for the little people. I wondered how much the ordinary people appreciate someone who gives their life to people like my neighbors, who construe an automatic thermostat as “deliberate harassment.?” How can you deal with people like that?

I consulted the Sheriff’s Office, and they told me to get a restraining order to stop them from banging on my fence and ringing my doorbell in the middle of the night. I can’t even conceptualize doing something like that. I went back to bed exhausted, and spent an unproductive day mourning for Kennedy and feeling generally depressed. Even the dogs I could understand — they do bark — but the hot tub?

This morning my doorbell rang again. ANOTHER person from the Planning Department came out, this time with a colleague. They measured and photographed. Their determination? My hot tub is not too close to their property line, or too noisy. However, the did say for my own safety I should move it further from my own bedroom, which I agreed to do. How will that help them? It probably won’t. They will just have caused me to spend money and disrupt my own life.

Have you ever had a troublesome neighbor? How have you handled this? I’m at a loss. Although within my rights, I am clearly someone’s problem.

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Twitter Numbers Can Be Misleading: NY Times Story Too

Twitter Numbers Can Be Misleading: NY Times Story Too

Picture 13Who writes ridiculous stories predicting the growth or demise of Twitter based on its lack of uptake by teens? Why not check whether your statistics mean anything before you do?

I’ve already commented on Read,Write Web that the demographic breakdown 12-24 is useless. There is such a huge deveopmental difference between 12 and 24 that it makes the statistic meaningless. As a mom,foster mom and now grandma, I can break this down for you:
1)12-13 Your mother still tries to tell you what to do on the internets and you probably don’t have a PC in your room. Maybe you are sneaking on to MySpace
2)14-16 You might try Twitter because she tells you NOT to. You might also have your own cell phone by now. You are an adolescent in full rebellion. If you are in school, you have now heard of Twitter. If you have already run away or dropped out, you are pretty tech illiterate. You are texting up a storm if you have a device. You think Twitter is pretty useless if you text.
3)17-21 You are in college, and doing whatever your college friends do. It’s still probably Facebook. But if you have something to say to the adult world, you are trying out Twitter.

Now, these are only data points from my experience with family members (large extended family) and very advanced teens like Mark Bao and Daniel Bru, but they convince me that breaking the demographic down in statistics like this renders the entire premise of that NYT story meaningless. So here’s what some expert studies say about the population between 12-24:
Picture 12

The quality of your experiences actually develops your brain; your environment will determine your abilities.

But it’s not simply an expansion of capacity; information and experience you judge as not important is “strained out” and only data meaningful to you is kept.

Associations are crucial; new experiences, in order to be used, must be connected to previous ones. You must think about what comes your way.

Early experiences impact on later abilities; intelligence is not “fixed” by age 2.

At puberty, your physical and emotional development create “windows” or prime times for learning. Typically, these are the middle school and high school years.

All along, your emotions strongly impact on learning skills. Motivation and positive feelings help you learn; stress and negative feelings will hinder your learning.

You have many “intelligences,” far more than simply an IQ. Examples:
­Linguistic or verbal, used by speakers, writers, readers, listeners.
­Logical-mathematical, used by scientists, reasoners, lawyers, researchers.
­Spatial, needed by engineers, surgeons, sculptors, painters, craftspersons.
­Musical, found in musicians, composers, dancers, actors.
­Kinesthetic, crucial for athletes, performers, craftspersons, builders.
­Interpersonal, key for sellers, leaders, teachers, service workers.
­Intra-personal, used for understanding self and others, feeling empathy.

No one has the same pattern of these varying abilities; look around you!
And no test measures them all; school exams and college admissions tests measure just the first two.

Dr. Giedd concludes, “Teens have the power to determine (the direction of) their own brain development ­ whether they do art or music or sports or videogames or books, those brain structures are adapted accordingly.” (And by inference, those structures not stimulated may be pruned away for allow for the growth areas.)

Frontline has a great picture of the teen-age brain, which is clearly shown as a “work in progress.” During the period from 12-24, the onset of puberty and the rapid growth of the frontal cortex means that teen-agers are constantly taking in and weeding out information, selecting what’s most important to them. A lot of this information comes from their peers, but some of it also comes from school and a minor amount from family. It would be nice if the Times reporter had looked at this program before generalizing.

So you could draw the opposite conclusion from the Times story: If people in their 20s and 30s are on Twitter in big numbers, the service will certainly grow because…some of them become parents and teachers, and inject that Twitter bug in their kids even before adolescence.

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Novel Way to Fund a Startup

Novel Way to Fund a Startup

I met Drue Kataoka through her blog, Valley Zen. Only later did I find that she, a recent Stanford grad, is from a distinguished Japanese family and is an accomplished artist in a traditional Japanese medium. And that’s the end of my expertise about things Japanese. But I got a message from Drue yesterday saying she was getting married on August 29th, and directing me to the First Ever Startup Registry.

Drue and her fiancee are starting a company called Aboomba. It is, of course, in stealth mode, which is why she thought I should know about it:-) They have decided that they don’t need silver and crystal and all that stuff I’ve had in boxes and shlepped from home to home without unpacking since the days of Mad Men. Instead, they have asked their friends to give them gifts like food for their engineers ($273), lunch for a VC $291), a desk upgrade for a developer ($49.90), an hour of a Silicon Valley lawyer’s time ($385) and so forth. In this way, they have backed into a budget:-)

Maybe I should have just tweeted a link to it, but I thought the letter from the bride and groom was worth re-printing:

The big date of August 29 is quickly approaching. However, we realized we didn’t need blenders, silverware or champagne glasses. So we had two options: (1) create a wedding registry with objects that we don’t really need, but are expected for the retail-industry-imposed Wedding Registry Ritual or (2) surprise everybody and do a different kind of registry—one that is non-conventional, humorous, genetically Silicon Valley—and actually useful.

We decided that the future belongs to the bold—so below is our non-conventional Start-up Wedding Registry. As you know, besides starting our life together, we are excited to be starting a new Internet company called Aboomba. Instead of buying us silverware and kitchenware, we invite you to participate in nurturing this new internet organism. The list below is as much humorous as serious—you could indeed be feeding engineers and accountants; providing coffee, pizza and online hosting.

Many of you are entrepreneurs, venture capitalists or start-up lawyers yourselves.so you have already been through the exciting experience of starting a company and seeing it grow. We promise that Aboomba’s journey will be filled with creativity, excitement and drive. You will see your contributions to this non-conventional wedding registry result in building an amazing company!

But the wedding is not about the presents—it is about the guests who have played a special role in our lives. That’s why, the last and most important item in our registry is Your Attendance—the gift that we will cherish most.

Is this not the cleverest way to fund a company using the traditional 3Fs? What friend, family member, or fool can resist contributing under these circumstances? Like all early stage investors, you’d be buying a pig in a poke, but at least you would be kicking off the marriage in a useful way. Did you really like giving traditional brides a single china dinner plate or a blender?

And a word of advice to entrepreneurs: next time you think you need to raise money, perhaps you should just get married.

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Three of My Favorite People at the Twitterville Book Launch

Three of My Favorite People at the Twitterville Book Launch
Twitterville Launch Party

Twitterville Launch Party

I just don’t know how Ken Yeung keeps snapping these great pictures in the middle of busy events.

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