My Favorite Posts
Category Archives: Business
I just listened to the Too Embarrassed to Ask podcast about Twitter’s entry into live video. Can we get one thing straight? There is zero need for 24/7 news in people’s lives.
ESPN lost 621,000 subscribes in one month; their worst month ever. Shiza (shit, in German), that’s a lot of people –at $7 per subscriber per month in revenue. I’ve been watching the World Series using the fox sports go Apple TV app. All I had to do was “verify” a cable subscription with a login — which of course could be swapped at anytime with a verification from another cable company. Fox now has a direct relationship with me through a technology intermediary that has my credit card. I’m one click from paying Fox a monthly subscription for their content. Or maybe a world series game is $2 to watch. Yes, I’d absolutely pay that. Live sports is … Continue reading
Friday marked the 9th Seattle Angel Conference. I spent the day at Impact HUB, watching the pitches and mingling in the crowd. This is the second SAC I’ve volunteered at, and I noticed an increase in attendance from November’s event. The day started off with several alumni updates previous events, a few open remarks by John Sechrest, and then Bob Crimmins laid out the agenda for the rest of the day. Wade Brooks, executive director of Angel Resource Institute, spoke about tracking angel returns. He had a data set of 136 complete investments, and shared some findings from the HALO reports (released quarterly). Average deal size was $915,000, while the median was $505,000. 70% of outcomes in the Halo dataset are failures. … Continue reading
Pretty damn interesting movie about the events leading up to the financial crash/crisis of 2007 and 2008. I highly recommend watching if you’re looking for a film to see in the next couple weeks.
Last Wednesday, I volunteered some time at the Seattle Angel Conference at Impact Hub (where I am a member) to man the front desk for a few hours, and wanted to put a few thoughts down on paper (or, into a database with a keyboard technically). The turnout was impressive; I’d say about 100 people in total. I, of course, am not an angel investor – so didn’t know much about the Seattle Angel community in Seattle that John Sechrest has cultivated over the years. The energy in the room was great. Josh Maher, a longtime friend, was the keynote speaker. Josh recently published a book, Startup Wealth, and touched on a wide rang of topics related to angel … Continue reading
If you’re a tech entrepreneur, you have probably seen the following graphic by Andrew Parker: Entire multi-billion dollar companies have been started by building a far superior experience around one tiny link on Craigslist. There is a new Craigslist. It’s Facebook groups. Over 700 million people use groups monthly(reported as of late last year). That’s massive, massive potential distribution for startups (and proof of supply & demand). I’ve spent A LOT of time with groups over the past year, since Horizon’s goal is to put hospitality exchange inside existing groups. Buy Nothing is one movement with massive scale entirely built inside Facebook groups. I recently moved to Queen Anne in Seattle, and numerous friends told … Continue reading
I watched the following TEDx talk by Adam Carroll this morning. The topic? Money when it’s not “real”. Cash is tangible. You can hold it. If you spend it, you don’t have it anymore. Credit cards, less so. You swipe, and digitally you have more debt you need to pay off at some point in the future. But, 10 minutes later, you can go to a different store and go farther into debt. The next iteration is digital payments. Apple Pay. Tap, and be done. I’ve long worried about what will happen to consumer debt once you can put a $100, or $1000, transaction onto your credit card in less than 1 second by swiping your … Continue reading