From an interview with designer/artist/soul searcher Elle Luna:
So I was using Uber all the time in San Francisco, even though I hated the design. And then I went to the Crunchies awards ceremony and at a post-ceremony event, where I was in a ball gown, I saw the CEO of Uber, Travis…
I get the feeling that almost everyone is hating Zuckerberg at this moment (specially stockholders). Earnings were disappointing, and the stock is getting beaten because of it.
However, I’m convinced that most people missed the huge vision that Zuckerberg has for facebook as a platform, as stated in their earnings call. That’s why I summarize below what I believe are the most important parts of the call.
It’s pretty clear that they’re financing their journey to become the social layer of the web and mobile through advertising.
It remains to be seen if they’re able to monetize mobile users effectively in the short term, realize the full value of social ads for user, advertisers and themselves; and what’s the real potential behind the FaaP (Facebook as a Platform) idea and if they’re able to materialize it.
In my opinion, the monetization possibilities at “the digital social layer” are huge, yet difficult to quantify at the time.
Note 1: Of course, a social toy might appear along the way and become a good contender to this juggernaut. Paul Graham wrote that a good way to fight Google would be to make the search engine that’s used by the top 10,000 hackers. Maybe someone figures out how to get the 10,000 hackers equivalent for social networking disruption.
Note 3: Regarding the stock I think it’s important to point out that in the following months 1.7 billion shares will get to the market as the lock ups expire.
"I’m going to focus the rest of my comments today on our top priorities across our product areas for 2012, specifically mobile, platform and social ads."
"We can imagine a day when you buy a new car and by logging into the car’s computer with Facebook, you can similarly have it immediately light up music, addresses, restaurants, stores and other destinations targeted specifically for you based on your friends and your interests."
"We believe one of the biggest opportunities we have is to create the identity and social layer that all new apps and websites can be built on top of."
"I mentioned we believe that all these consumer products, and maybe even more than consumer products that people use will become social over time. But we can’t build all those things ourselves, so we focused on building this platform. “
"We’re focused on building a successful platform, which enables developers to build great social experiences into their own apps by integrating with and exchanging information with Facebook."
"It’s worth calling out that our vision for platform is bigger than what most people perceive."
"Well, the basic approach that we have for now is we’re building out this platform and other companies can build on top of that. And you can view our business as an advertising and payments business, or you could view it as there will be these companies that help to transform these industries, and we will get some portion of the value that comes from that, that we’re helping to provide.”
"Local is the Holy Grail of the Internet. Everyone is about to get people into local. "
"When you think about the advertising experience on Facebook, it is complicated today. And that’s mainly because we’re a completely new kind of marketing. We’re not TV, we’re not search, we are a third medium."
"Our goal is to take everything people do, or at least close to everything people do, and make it social. And what we do is provide technology for our platform partners to do that."
"Mark said in his remarks that we really believe that we are going to provide the identity and the social layer for everything that happens across Web, across mobile."
"We really consider ourselves a partnership company."
“We want to take social companies and make them big, and big companies and make them social.”
Regarding this last quote, I wonder how the cake will be distributed among a world full of Big & Social companies or if they really have the ingredients to cook a bigger cake.
"Let us suppose that we had carried out production as human beings. Each of us would have in two ways affirmed himself and the other person. (1) In my production I would have objectified my individuality, its specific character, and therefore enjoyed not only an individual manifestation of my life during the activity, but also when looking at the object I would have the individual pleasure of knowing my personality to be objective, visible to the senses and hence a power beyond all doubt. (2) In your enjoyment or use of my product I would have the direct enjoyment both of being conscious of having satisfied a human need by my work, that is, of having objectified man’s essential nature, and of having thus created an object corresponding to the need of another man’s essential nature. (3) I would have been for you the mediator between you and the species, and therefore would become recognised and felt by yourself as a completion of your own essential nature and as a necessary part of yourself, and consequently would know myself to be confirmed both in your thought and your love. (4) In the individual expression of my life I would have directly created your expression of your life, and therefore in my individual activity I would have directly confirmed and realised my true nature, my human nature, my communal nature.
Our products would be so many mirrors in which we saw reflected our essential nature”
Ayn Rand? No, Karl Marx.
It’s fascinating how people can conceive such divergent roads to get to the same destination.
My second playlist on @8tracks: Fill your day with sunshine!
01. Mike Pinto - Tricky Nicky
02. Ben Harper - With My Own Two Hands
03. Matt Costa - Mr. Pitiful
04. Bernhoft - Cmon Talk
05. Donavon Frankenreiter - Free
06. Jack Johnson & Zach Gill - Girl I Wanna Lay You Down
07. Ray LaMontagne - Three More Days
08. Matt Costa - Yellow Taxi
09. Israel Kamakawiwo’ole - Somewhere Over the Rainbow
10. Jack Johnson - Banana Pancakes
11. G. Love, Jack Johnson & Donavon Frankenreiter - Rodeo Clowns
12. Mike Pinto - One More Time
13. Jack Johnson - Bubble Toes
14. Animal Liberation Orchestra - Barbeque
15. Donavon Frankenreiter - It Don’t Matter
16. Dave Matthews Band - Two Step (Live In New York City July 17, 2010)
A few days ago I discovered thelistserve.com thanks to a tweet by Andrew Weissman. The idea is simple, yet powerful. In their words: “One person a day wins a chance to write to the growing list of subscribers. It could be you.”
So, you get a daily email from a random person that’s already subscribed. And one day, that person might be you.
On Wednesday evening I got my first email from thelisterve, written by Emil Stenström, and it was awesome!
Hope you’ll read it through and enjoy it as much as I did:
“I’m sorry to break this to you, in an e-mail from a random stranger like this, but it needs to be said: Most of your life won’t be fantastic. I’m not joking. The adventures you’ll tell your children about will be a minuscule part of it. So if you want to avoid the feeling of utter disappointment as you grow older, you need to accept that fact. Sorry.
This leads us to the insight: You should focus more on the non-fantastic parts. The parts where you eat breakfast, walk to the bus, have a boring day at work, eat your ordinary lunch, shop groceries, and brush your teeth. After all, this is the major part of your life, and neglecting it is a wasted opportunity.
Here’s the thing: Most of the boring stuff in your life is so dull, that even the tiniest thing can make it seem fun. The tiniest thing. This means the you could make it better with extremely simple means.
What exactly am I talking about here? Little things. Like these:
* Challenges: When brushing your teeth tonight, use your left hand.
* Mind games: When you enter work (or school!), imagine the sound “Kabaaaam!” as you enter, as if your presence changed the whole room.
* Action: Jump down from the side-walk, instead of just stepping down.
* Changes: Buy some fancy tomato sauce tonight, instead of your usual brand.
* More action: Count the number of pink things on your way to work, as if your life depended on it.
See? Easy stuff. I really try to live by this “Everyday Action” idea, and I think it works for making the boring parts of life more fun. Because that’s the thing: just because the fantastic moments are few, there’s no reason to just sit there, waiting for the next big thing to swipe you off your feet. Have some fun meanwhile, it’s easy…”
Here are my class notes, typed in essay form, from Class 2 of CS183: Startup. Errors, omissions, and/or poor phrasing are my own. Credit for good substance and wording is Peter’s entirely.
CS183: Startup—Notes Essay—April 4—Party Like It’s 1999?
I. Late to the Party
History is driven…
"Insurers receive premiums upfront and pay claims later. In extreme cases, such as those arising from certain workers’ compensation accidents, payments can stretch over decades. This collect-now, pay-later model leaves us holding large sums – money we call “float” – that will eventually go to others. Meanwhile, we get to invest this float for Berkshire’s benefit. Though individual policies and claims come and go, the amount of float we hold remains remarkably stable in relation to premium volume. Consequently, as our business grows, so does our float.”
Extracted from Warren Buffett’s Annual Letter to Shareholders of 2009
I wonder if there’s any way to invest in SUBE (Argentina’s card for public transportation)? Or better, companies with public transportation cards that invest their float wisely…