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TechCrunch Did Not Build it; It Can’t Knock it Down Either

(Updated)

Fred Wilson doesn’t like Mike Arrington’s deadpool:

“So I have to shake my head at the resurrection of the dead pool, which was made popular last time around by Fucked Company. Do we really need to celebrate when companies fail?”

No, we don’t, and I don’t think TechCrunch does.  Let’s be realistic: TechCrunch did not build this boom. Yes, a well-timed review helps a startup gain initial traction, but Mike does not make those companies successful: whether they make it or not, they do so on their own. And when they fail, they fail own their own merits, too.  Failures are part of business reality, and reporting on them only makes TechCrunch balanced. Without it Mike would be just a biased cheerleader (something he was accused of in the past).

In fact Arrington’s latest post, Bubble, Bubble, Bubble is optimistic, despite the title:

“But this doesn’t mean we’re in a bubble. In fact, I think the exact opposite. I think a few failures are direct evidence that we are not in a bubble and that the private venture markets are actually in the process of letting off a little steam to keep things rational…

…I also disagree that too much money is chasing too few good ideas … Remember that VC’s business models are designed to fail most of the time – the majority of their investments are expected to go belly up, and they hope that just one or two out of ten have a big return…

…So every time a startup dies, I don’t think it’s evidence of a bubble about to burst. I think it’s evidence of a market that is working exactly as it should. Most companies fail, but enough win to keep the whole ecosystem healthy.”

This does not sound like deadpool celebration to me. Au contraire, it sounds like realistic, but still positive market assessment. 

Most companies in the “deadpool” are/were way overfunded for what they do. They, and their investors did not follow the model outlined in Fred Wilson’s excellent article, Web 2.0 Is A Gift, Not A Threat, To VCs. A must-read, IMHO.

Update (1/8):  Our little discussion made it to The New York Times.  

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Under the Radar Office 2.0 Conference – Call for Companies

I agreed to be on the Selection Committee for the next full-day Under the Radar event by IBDNetwork. The focus will be Office 2.0  and 32 emerging startups will present on March 23, 2007, at the Microsoft campus in Mountain View, CA.  The categories are being finalized, but they likely are:

  • Organize – Tasks, Database, Project, Notes, Bookmarks
  • Collaborate – Groups, Wiki’s, Spreadsheets, Word Processing, File Sending, Document Mgmt
  • Track – Time, Expenses, Budgets, Accounting, HR
  • Publish – Blog platforms, Web publishing, Feeds/RSS, Content Management
  • Communicate – Email, IM, VOIP, Voice, web conferencing
  • Create – Presentation Mngr, music, photo edit/manage
  • Personalize – Desktop, Calendar, personal organizers
  • Search – vertical, social, create your own.

Although I’m a bit late (what a surprisesmile_embaressed) there are still a few days left for new submissions, so if you know a startup in the above categories, please recommend them either in a comment below or by emailing me

IBDNetwork’s criteria for selection:

  • Unique value proposition
  • Ability to monetize product/business
  • Must be solving a problem
  • Market opportunity
  • Must still be considered “under the radar”
  • Company must be a actual startup – not a new product from a large company.
  • Series A or less in funding
  • Beta and beyond – must have customers/users testing and/or using the product in the market

Thanks for your contribution!

 

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More Excuses for Not Doing a PC Backup

We now have Fewer Excuses for Not Doing a PC Backup  says the New York Times.   Do we?  I really don’t want to do a backup.  Which does not mean I don’t want my data safely backed up – I just don’t want to have to *do*  it. smile_wink   I want it to happen without me ever worrying about – that’s exactly what some of the online backup services offer.

 I think the NYT is a bit harsh on Mozy, (my life-saver) by saying:

“Mozy offers dozens of novice-hostile options like “Enable Bandwidth Throttle” and “Don’t back up if the CPU is over this % busy.””

Novice-hostile?  Wow… let me try to translate it to really simple English: these are the best features, which allow someone to use the service without having to leave their computer on overnight.  You don’t need to have a fixed backup schedule anymore, Mozy runs in the background, uses your computer’s idle cycles, but slows down when you are using your machine.  It doesn’t get any better, IMHO: you’re always backing up, yet you never *know* about it. Invisible helper.

Not mentioning  ProtectMyPhotos is a glaring omission, IMHO, especially as the author makes the point of not including “Web sites that are exclusively dedicated to sharing photos or videos, like Flickr and MediaFire.”   ProtectMyPhotos is an interesting hybrid, offering many of Mozy’s features, yet allowing users to share, browse, manipulate photos online – see my review here.

Last but not least, TechCrunch has a good (albeit somewhat old) review of the online storage space.

 

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ProfileLinker – Just the Opposite of What I Need

ProfileLinker is a new service profiled on TechCrunch today:

“ProfileLinker wants to aggregate your social networking experience….You tell ProfileLinker your site credentials and it pulls your bio, friends and other information from those sites and centralizes it. You then use ProfileLinker to manage your activity on those networks: aggregate and manage multiple social profiles; discover new social networks and communities of interest within social networks; and receive notification of messages and friend requests from multiple networks.”

I am probably not the right target customer for ProfileLinker, I admit I don’t even have a MySpace of Facebook profile.  But I do have one on LinkedIn, and was invited to several networks whose function I’d find useful, except that I won’t take the time to create a profile from scratch again and again.  What I (and I suspect most networkers) badly need is a way to leverage the already existing profile and network (friends) information on other sites – probably by using a “central depository” of such information.

Who cares about ProfileLinker, give me ProfileCentral!

 

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PayPal Virtual Card: Useful, Secure – Yes; Innovative – No

PayPal is inviting selected users to test their virtual debit card program.

“The virtual number is a MasterCard number used in place of your credit or debit card number. Each time you make a purchase from a website, a new number is generated. This avoids the problem of having the number stolen. Since it’s only good for one use, it doesn’t matter if someone steals it.

It certainly make sense, but I find it funny that it’s beeing heralded as new.  Like I’ve said before, “I only ever use throwaway, virtual credit card numbers on the Net, so scammers can bill all they want, they can’t charge my card” – that’s a service by CitiBank, and I’ve been enjoying it for at least five years. 

That said, it’s still a significant move, I’m sure PayPal will reach more tech-friendly users than Citi does.  So Markus Frind may be right:

If there is uptake on this it will really change online commerce.

 

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Microsoft Handing Out Ferraris

Microsoft is sending Acer Ferraris loaded with Vista to selected bloggers.

I’m trying to decode the hidden message here: I guess Microsoft would like us to think that with Vista we’ll get the performance of a Ferrari…

That’s not the first thought that comes to my mind though… try this: despite the underrated system requirements, you’ll need at least a Ferrari for VIsta to even chug along. smile_eyeroll

 

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Google Killing the Picasa Brand?

Despite being an Office 2.0-fan, there are a few client applications I just can’t live without, and one of them is Google’s photo management package, Picasa.  I know I am not alone … and I am still getting a lot of hits on some fairly old posts on the subject:

Yet it wasn’t until I read GoogleOS II: Starring Linus Torvalds on Read/WriteWeb today that I realized I should display the Picasa banner if I like it so much.  So let’s give it a try:

Selecting Picasa takes me to the next step, where I can choose from a number of  text links like:

or badges like:

 

Yes you’re seeing it right: there is no Picasa ad whatsoever – only Google photo software. The landing page these links take you to appears to be in transition: it starts with “Use Google’s photo organizer to find, edit and share the pictures on your computer” , then the word Picasa is mentioned twice, but not in a prominent position. I guess Google is preparing to slowly phase out the Picasa brand… just like Writely died to give birth to Google Docs (and Spreadsheets). Hey, they could have named the other app Calcly

smile_wink

This makes me wonder what happens to other good brands in Google’s hands: do we get to lay with GSpot after all? Or will it just be assimilated, to be part of Google Docs and Spreadsheets and Wikis? By the time Google acquires a decent presentation app, it could be Google Docs,  Spreadsheets, Presentation and Wikis – that’s almost as good as some of Microsoft’s naming wisdom

smile_omg

Oh, and coming back to the excellent Read/WriteWeb article, I can’t wait to get my hands on some Ginux.

martini

 

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Zoho Adds Wiki to Online Suite – It’s All Coming Together

It’s nice to get your dream fulfilled fast.  Writing about Socialtext 2.0 in October I wrote:  “My ‘dream setup‘ for corporate collaboration: a wiki with an integrated Office 2.0 Suite.”

A little later in my post on the JotSpot/Google deal I specifically called for my friends at Zoho (I’m an advisor to the company)  “to make their move soon: they either need to come up with their own wiki, or team up with a wiki company…So far Zoho is ahead of Google in Office 2.0, if they want to maintain that leadership, they will need a wiki one way or another.”

I did not have to wait long, Zoho Wiki is here, announced simultaneously on TechCrunch and the Zoho Blog

This product is perhaps the first showcase of how Zoho’s long term product strategy will play out.  To begin with, if you are a registered user for some of Zoho’s other products, your single sign-on automatically gives you access to the Wiki.  (For now you can create 3 wikis, but I don’t expect this restriction to last long.)

While most wikis I know of started their life without  WYSIWYG editing – yes, you had to write ugly markup language – Zoho Wiki shares the codebase of Zoho Writer, so right at the start you have all the bells and whistles of the popular editor, including formatting options, special characters, emoticons, inserting tables and a spell checker, amongst others.  As for appearance, there are 5 themes to select from, should you not like the default one.

A wiki is all about linking: Zoho supports multiple options of creating new pages and linking to them:

  1. there is a large “create new page” button displayed consistently on all pages
  2. you can use the link icon from the editor and pick wiki pages, email addresses or external URLs.
  3. you can just type a WikiWord (also known as CamelCase) to create a page and link to it. (LinkAsYouThink)

#1 above is normally followed by creating links to the new page, but my personal preference is either #2 or #3, both of which create a “shell”, i.e. a link to a not-yet-existing page, that you can click on to actually create/edit the new page – this is way you can be sure you won’t end up with orphan pages. (I wrote more extensively about the orphan problem here)

Perhaps the most distinctive feature is how you can embed objects from other Zoho and 3rd-party applications: spreadsheets, graphs, presentations, forms, videos, slideshows…etc.  The screen-shot below comes from my test wiki, where I used a chart originally plotted in Zoho Sheet, using data coming from Zoho Polls, and originally published on my blog.

Pre-Google JotSpot became known as the “application wiki” for including a few pre-defined forms; think of the possibilities when you can use the full power of Zoho Creator to create forms/applications and embed them in your wiki.   Of course whichever application the data is updated in, it will be reflected in all other apps, typical Zoho-style.

For non-Zoho apps, see these two examples: a Youtube video and a Bubbleshare slideshow embedded in a Zoho wiki.

As for permissioning, both read and edit access can be independently set to either private / everyone or group; group members then can be managed individually.  What I would like to see in the future is the ability to centrally manage “groups” across all Zoho apps: for example set up a group in Virtual Office, where all my contacts are, then just refer to the group by name to share spreadsheets, wikis, presentations..etc.

And talk about wishlist, since I was recently fairly critical about SocialText 2.0, I have to be fair and state that I am missing some of the same features here, too: inbound links (backlinks), breadcrumbs to ease navigation, nested comments, improved history, and the ability to email to wiki pages.  The Zoho team reassured me that these are planned for future updates.

Notably absent is attachment handling and versioning, a standard feature in better business wikis, yet I don’t consider it an omission, rather good strategy. Why?  Document management/versioning in wikis solves a critical problem, but does so on the basis on yesterday’s (OK, today’s ) technology.  Even with proper versioning one has to download documents, locally update them, then upload them back up to the wiki. 

That’s a lot of work, and Zoho has a an easier, more streamlined  approach to do it all online. Not only they integrate Writer, Sheet and Show to the wiki, but have also provided tools to easily access documents originated by Word, Excel, Powerpoint online.

The current integration is still somewhat clumsy (but working): you invoke the applications separately, save your work, and either link to the document’s URL from within the wiki, or embed it by using the “insert html” icon.   What I’d like to see eventually:

  • Easy access to invoke to editor / sheet /show ..etc applications from inside a wiki page – perhaps a colored area on the sidebar
  • Smart linking: link button would bring up list of not just wiki pages but all my Sheet, Writer ..etc files
  • Single button embedding without having to copy/paste html code
  • Last but not least, text search not only of wiki pages but all my data across all Zoho applications.

Considering Zoho’s breakneck speed of product releases, I am quite optimistic that we don’t have to wait long.  It’s all coming together – in 2007.

smile_regular

 

Related posts:

 

 

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Google Maps Has Become a Real Trip Planner

Have you ever had to drive to multiple destinations in an unknown area, feeding them in your car’s navigation system, only to discover in the end that you just criss-crossed town several times?  If you ever:

  • looked for a house to rent after relocation
  • had to visit multiple clients in a new job
  • or just wanted to see some spectacular lights of Christmas ..

I’m sure you know the feeling – like I do.  The frustration is over now, if you use Google Maps.

With the addition of multiple destinations, Google has not only caught up with Yahoo Maps but significantly beat it. The killer feature may not be obvious at first glance, so let me present a case study here, planning my imaginary drive starting from the St. Francis hotel at Union Square, San Francisco.

First I input all my destinations, in a random order – say, this is how I pulled it off craigslist.  (Click pic for the live view.)

Well, if I followed this order, I’d be crossing the City several times, totaling 29.3 miles.  But now that that I have a feeling of what’s where, I can start playing with the map: simply drag and drop the destination boxes, and see how Google replans my trip.  The second plan cuts down my trip to half, 15 miles!

Is there still room for improvement?  Perhaps I don’t want to cross the Presidio and try the
South-bound semi-circle:

I’m down to 14 miles, which is not a huge difference, and considering traffic, perhaps I take the previous option: it’s more scenic anyway.

The final decision is yours: but the ability to plot all destinations, then move them around freely to optimize your route is a clear winner. Google Maps has just Become a smart Trip Planner.

(Now, if only it added real-time traffic data a’ la Yahoo Mapssmile_nerd)

 

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Proof Positive: The Blog is the New Resume

My friend Rod Boothby got his new job thanks to his blog.  I’m happy for Rod personally, and also because it proves a point I’ve made several  times: resumes are dead. 

Resumes are tailored for a particular job, and let’s face it, often “cosmetically enhanced”.  If you’ve been blogging for years, you certainly did not do it with a particular job in mind; your blog is likely to be a true reflection of who you really are, what you are an expert in, your communication skills, your priorities … YOU as a whole person, not as a candidate for a specific job.  Thus, as Rob concludes:

“…hiring a blogger is a lower risk proposition because you have more information and a better idea of how they are going to perform.”

Blogger%20Vs%20Non%20Blogger%20Candidates.png

        Source: Innovation Creators (I don’t have Rod’s charting skillssmile_embaressed)

 

I am not in active job search mode, but will likely join a startup one day. Still, I have not updated my resume for the past 2 years or so.  Why should I?  My life is (now) an open book: my blog reveals a lot about my thinking, knowledge (or lack of), and for more facts it points to my LinkedIn profile.  I was recently approached by a stealth startup… great, I thought, they must have found me through my blog, that’s a good start. But then they asked me to submit a resume, and I lost interest.   If the blog is not enough common grounds for a conversation, then I don’t trust this Founder is hiring the right people, so why would I be interested?

Now, I don’t deny the importance of resumes in certain situations, typically in larger businesses and for documentation, background check ..etc purposes, but that’s *after* there is a level of interest.  

Tom Peters has been saying for years:

Regardless of age, regardless of position, regardless of the business we happen to be in, all of us need to understand the importance of branding. We are CEOs of our own companies: Me Inc. To be in business today, our most important job is to be head marketer for the brand called You”  

It’s never been easier to build that Brand Called You: if you’re still not doing it, what are you waiting for?  Start your blog today!