Sean Parker On Why Myspace Lost To Facebook. With reports of social network Myspace about to sell for ~$30 million, the tech world eagerly awaits the HBS study for why the service, which was bought in 2006 by Newscorp for $580 million and was at some point valued at $1.5 billion (a quote in a Business Week article referred to it as “one of the best acquisitions ever”) ultimately failed.
For those that can’t wait for the inevitable GSB white papers, former Facebook President and Napster co-founder Sean Parker explained why Myspace succumbed to Facebook in an interview with Jimmy Fallon at the NExTWORK Conference in New York. How to Get Startup Ideas. November 2012 The way to get startup ideas is not to try to think of startup ideas.
It's to look for problems, preferably problems you have yourself. The very best startup ideas tend to have three things in common: they're something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way. Problems. The Games Startups Play. Every startup plays two complementary games–the air game and the ground game.
The air game is always more romantic. Paul Graham on Building Companies for Fast Growth. Paul Graham's appetite for small talk is waning.
"Are we starting yet? Is this the interview? " he stops midsentence to ask on a hot summer afternoon in June. Why Wesabe Lost to Mint - Marc Hedlund's Blog. Five Things I Learned At MySpace That Could Help Google+ Editor’s note: This guest post is written by Tom Anderson, the former President, founder and first friend on MySpace.
You can now find Tom on Facebook, Twitter, and Google+ This is just a guess, but I’d bet money that Vic Gundotra and Bradley Horowitz probably feel like their heads are going to explode. Anyone on the Google+ team who really cares about G+ is probably getting very little sleep, and are annoying their friends and family with their one-track G+ minds. Startups, I want to challenge the concept of having a “Plan B” Certain things require a plan B, ex: rescue missions, wars, campaigning for an election, getting out of personal financial debt, science experiments etc.
But i’m not convinced that startups can adequately plan for a “B” scenario. To be clear, I think having “tactical” plan B’s are important but having “strategic” plan B’s are a serious waste of time. If you don’t understand the difference between strategy and tactics, read about it here. The difference is, you can’t adequately plan for a B scenario when it comes to the big picture but you can and should have a plan B for the path that gets you to your end point.
Here’s what I think happens when you give yourself a strategic plan B… The Strategy Trap. “They were worried that I would get bogged down in wanting to do things, not just create strategy.”- David Polinchock / @lbbinc One of the topics covered during the #LikeMinds Summit this past weekend was precisely this: The chasm between strategy and execution, especially as businesses struggle to understand how to leverage, integrate and operationalize Social Communications (what you do with social media platforms) in the coming 6-24 months.
Unfortunately, because the C-suite tends to look to itself when it comes to “strategic masterminding,” the focus too often shifts from execution at the customer level (the most important thing a business should be focusing on on) to… being the guy who came up with the game-changing strategy that will secure more funding and increase influence within the organization. When this happens, strategy becomes a product, and that’s bad. Strategy isn’t a product. Strategy exists mostly in support of execution. Um… yeah, except… no. Color, Now Down Two of Three Leaders, Looks Like A Lesson in Lean Startup Philosophy. Just three and a half months after the company launched to the public, proximity-based photo sharing mega-startup Color has lost a second of its three high-profile initial team members, Michael Arrington reported this morning.
Arrington said DJ Patil, who was LinkedIn's chief scientist until this Spring, has resigned. Co-founder Peter Pham, previously a leader at very successful startups Photobucket and Billshrink, left Color last month. That leaves co-founder Bill Nguyen, who sold music service Lala to Apple, as the last of the three rock stars that launched the year's most ambitious startup with more than $40 million in high-profile venture capital. Play by your own rules. — Work & Education. In January of 2008 some friends and I launched PackRat, an early social game on Facebook.
Eight months later, in August, we gave PackRat a cash-backed virtual currency. By December we were turning over $200,000 in monthly revenue. Anti-scale effect in tech. Tonight I was talking with an exec at Google and I brought up the success of Instagr.am (they’ve gotten more than 500,000 downloads in just a few weeks) and asked him “why can’t Google do that?”
I knew some of the answers. Staying Credulous: On Not Letting Being 40 Get In The Way. I turned 40 in March. 5 lines strategy for startups. How New Ideas Almost Killed Our Startup. Odysseus resisting the Sirens Vinicius Vacanti is co-founder and CEO of Yipit. Why Startups Fail « vcdave. An entrepreneur recently asked me why startups fail. Startups fail because they run out of money. Startup advice, briefly.