Category: Strategy

  • Crowdsourced Startups

    To confess, the thought originated more from a textual perspective than a conceptual one. But it made me think, and so I shared it on twitter a couple of days back – “do many startups fail because they start up? would it be better if they start down and work their way up?” While I’ll not get judgmental about startups, their reasons for existence and what they strive for, I’ll just stick my neck out for a second and say that the BOSS (Build, Operate, Sell Stake) model is probably the most popular. I wonder if that says anything about the intent.

    Meanwhile, that tweet and Rang De, about which i had written recently (and have promised to try out in the near future) made me think whether a crowd sourced investment model is possible for start ups. Its a well known fact that Venture Capitalists and angel investors have their own criteria for judging startups and investing in them. So some startups get funded, some don’t. But what if I, as a user believe in the concept of a start up and am willing to invest in it? Now, as an individual, I will not have the million $ funding the start up needs for its expansion, but what about a large bunch of individuals like me? Individuals who could invest 5-6 figure sums and could possibly earn some good returns if the idea succeeds. Build in tagging, communities, and a Digg like rating structure and perhaps the VC type of investors could start using this to gauge the popularity potential of a start up. What if the powers of social media can be applied by those who use it most to  encourage the entities that want to build businesses out of it?

    There are two things that would be important to address – one is the legal and regulatory aspect – whether such a structure can exist, and the other is the trust factor -we shouldn’t have a potential startup running away with the money. But with all the hype about web 2.0 and trust being an important part of it, if we can’t ensure that, perhaps we’re all going wrong somewhere.

    until next time, what is the massive loophole you see in this?

  • Twitter Updates

    While the last post covered some ground in terms of social media, an entity which was conspicuous by its absence was Twitter, perhaps the social media tool that I use the most, these days. From sharing my anguish at Raikkonen ruining the Ferrari party in the penultimate lap of last weekend’s race, to checking out exciting sites/services that others have found, Twitter plays multiple roles in my communication.

    There have been several Twitter based services that have been launched since my last twitter post. We’ll start with Twittad. (via Mashable) If you have a not-so-bad twitter following, you can just sign up on the site, give your number of followers, and auction your twitter page to an interested advertiser. Check out the left side of this profile, he got $15 for a month’s display of that ad. Now, the background in Twitter is not clickable, so its just like say, a virtual non-interactive billboard. My bigger concern is that this is visible only to those who use the web interface. If you use say, Twitterfox, a browser plugin, or a desktop client, you may not even see this ad.

    That’s not the only advertising model available on Twitter. Another option I came across is Twitterise. This seems a more robust tool, and allows marketeers to use twitter as a platform. With a twitter account, you can schedule communication to go out to consumers, and more importantly track it in terms of response. Read more about it here. Its a nifty lil tool, and once users can get more detailing in terms of the clicks (who, when etc) generated, its a do-it-yourself kit for any brand manager to test out twitter. I’m going to give it a spin very soon, for my brand. 🙂  But the real story is Cherp, which is an entire agency that’s “dedicated to finding brilliant ways to leverage the Twitter platform and network”. I’m lost for words, even 140 characters!! On a sidenote, I read an interesting suggestion for Twitter to get some revenue.

    There are some interesting stuff for regular users too. For those who are also active on Digg, there’s a new tool Twiggit, which allows you to let your followers know everytime you Digg an article. Two great services, and one awesome mashup, i think!! The other tool I came across is Lazy Tweet, which works on crowd sourcing your answers. While I already use Twitter to get lots of answers, the next time I want a question answered, all I’ve to do is start the tweet with lazytweet (or a few other options), and I’ll get access to a bigger crowd than just my followers. Read more about it here. If you’re the video kind, Viddler has launched a new service called 15s, which lets you share your 15 secs or lesser video with your twitter friends (via Center Networks). There’s already a player in this market – 12seconds. And lastly, if you’re the textual kind, check out this post on literary experiments on twitter.

    I read a post on how a tweet does not make a brand. I agree, one does not, but the idea is of conversation, of engaging with consumers in real time. The objective is to involve the consumer in the idea of the brand and thus make the brand more than a soulless entity that caters to one specific need in their life. Many brands are making an attempt at this conversation, take a look at the stories here. And of all the efforts, I’d rate CNN as the best. In spite of the Olympics argument, it still experiments with the medium. I read a few days back that it was promoting Twitter heavily on air, now that’s what I call great integration. And it’s not just one anchor, the engagement on Twitter is being taken to different levels, including a Twitter show. Really awesome stuff. I hope we get to see more more activity, and from more organisations.

    until next time, go tweet

    PS. If you use twitter on your blog, and are okay with handling code, you could check out TweetRemote, which allows some level of customisation.

  • Chrome and the quest for ubiquity

    I honestly wanted to write something else, but there was so much excitement generated by two tools this week, across the web, and in me, that I felt that I had to share it. I am still exploring both of these, so it’d be great if you also read the links i share in the post, in case you want to know more.

    Lets start with Chrome. That made up 80% of the conversation in Twitter on Tuesday and Wednesday. And made up about 10% of my offline conversations, in which I was spreading the word about it being Google’s new browser, and arguing with convinced individuals that Google did not own Firefox. Which made me wonder, just like the guys at Center Networks, whether all this is important only to some part of a long tail of browser users. I can relate to that. When I redesigned my personal blog a couple of years back, someone told me that it looked weird in Firefox. I asked him what that was!!!! Mozilla became my preferred browser less than a year back. And though I’ve downloaded Opera and Pogo, I’m yet to try them out, while the Flock browser, an excellent tool for social media enthusiasts, is used once in a while. So i guess I can be excused for being shocked  when I read of folk who talk of it being a Windows killer!! The people who should be really afraid are the Firefox guys, this is a good read on that topic.

    Meanwhile, all this shouldn’t take away anything from the massive buzz that Google managed to generate, and part of the credit should go to the very unique way of launch – through a comic, which explains the whys and the whats. If we go by this article, Google has been at it for a couple of years now. A couple of good posts to give you a complete picture.

    For those who are wondering, Chrome will not give you any more web ecstasy than the stuff that is already out there. But it is fast, with no clutter (even the right click throws up an uncluttered menu), and thus ends up making the screen look bigger. There are some things I miss from my first few days of tinkering. Inspite of the Omnibox, I’d still like a Google search toolbar. I miss my Twitter and del.icio.us plugins. Its eerie though, how my FF crashed right in the middle of the post, and i completed it in Chrome!! It raises some interesting questions on the future of browsing, but for now, Google can pat itself on its back because we hear only good things, though I get scared by such observations. (the last link courtesy @rajivdingra)

    The second tool that I got really kicked about was Ubiquity, from Mozilla Labs, an experiment to make common web tasks easier and quicker. You can read about what can be done with this tool here. I tested out mail and twitter with this and it was quite interesting, and easy. But its most definitely work in progress and will take some doing before it can lay claim to ubiquity.

    Meanwhile, Microsoft‘s launch of  IE 8 Beta 2 seems to have got lost in all this frenzy. Is that an indication? On another front, GMDesk, an application that lets you run multiple Google apps without opening up several windows/tabs, seems like something interesting. Google, hmmm.. Google likes Wikipedia, but will still have its own Knol, it likes Firefox, but will still have Chrome. And that leaves me me wondering about Google, about not being evil, and the quest for ubiquity, that it unrelentingly chases, but rarely admits.

    until next time, keep browsing

    Update 09/08/08: Now, this I will love Chrome for. Allowing users to have 2 GMail accounts open at the same time. 🙂

  • The times, they gotta be changin…

    The last few days saw a frenzy of activity in the Indiatimes space. But before we go there, I read a few interesting things that I thought would make good starters. One site I chanced upon was Local Signal, which allows you to choose a city (its a limited list, for now) and once you have, gives you news, events, Q&A, and even blogs from that area. A pretty neat utility site, from what I saw. And now for some news. Hi5, which is really irritating me with invites from people I really haven’t even heard of, has gone mobile. And lastly, AlooTechie tells me that MIH (of the Ibibo ‘fame’) has invested in ‘Singapore-based BuzzCity, which owns a mobile social network myGamma that has more than six lakh members from India’.

    But the action has been happening very much at home!! Indiatimes has been rolling out services, like there’s no tomorrow. I first read about Indiatimes’ tie up with Onyomo, for a local search service. With Sulekha having announced some major plans just a few days back, this space has become very interesting indeed. Then it was the launch of AdRingles, an Ad Ringback Tone service (the link explains it well) and MocoLife, a group SMS service which also offers content on subscription. I remember reading that OnMobile, a VAS company had launched its ARBT a couple of months earlier. Since we are mentioning Indiatimes, I just read that they have also launched QnA.

    All this made me wonder (as I always do) on what exactly Indiatimes (both web and mobile) is upto. There’s clearly nothing profoundly innovative happening since all the services mentioned above are things that have been done by others, even Mocolife. Incidentally, Medianama has a good analysis of the last one.

    Now, I don’t see any decrease in the dominance of the Google, MSN, Yahoo, Rediff in the Indian webspace, unless Indiatimes manages to pull some rabbit out of their hat. With their track record, I wouldn’t bet on that. Which means, they would have to use the mobile platform to gain a foothold in the digital space. One way to do it is to launch cloned services and use their offline media might to build traction. But that wouldn’t be a great strategy since users would slowly shift to better services, once they get comfortable with the medium. I’d still say that the best bet for them is to create synergy with offline products right from a product level (right now its just using them as a communication tool).

    For example, look at the multiple editions that TOI has. How difficult would it be to use the TOI backend to provide news/business/events and even the listings (local search) part (Times Classifieds would have tonnes of data), build in the newly launched Flubber, sorry QnA into it, and make city specific sites that would add on to Indiatimes. Now, how difficult would it be to experiment with the iTimes platform of theirs, which anyways is idle (i don’t have stats, but i don’t know anyone who uses it, maybe I’m just not social enough) to build communities around this structure, make a mobile version, and then top it up with services like MocoLife? Digital communities which have a one stop shop for all requirements in their cities – local search, QnA, events……  and even have a group sms service to communicate all this!! Maybe its worth an effort..

    Indiatimes better move fast, since Big Adda is pushing the mobile version very hard, judging by the TVCs, and knowing Reliance, they won’t be satisfied by anything less than the premium position in any vertical they operate in. It perhaps is a calculated strategy from them, after seeing the dizzying pace of mobile growth in India. After all, even the great Google sometimes chases mobile more than they do the internet.

    until next time, the changing times

  • Book Values

    Three mails in my inbox, all relating to an interest of mine – reading, but at three levels of engaging me. The easiest one to discuss is Rediff Books, which in a very matter of fact way gave me a list of books, including a 10 day MBA, how to save Income Tax, and ‘The Chronicles of Narnai’ (sic). It informed me that I had expressed an interest in receiving such information. I did? Reading, I’d say is a great vertical for a social network, but Rediff Books doesn’t seem to think so.

    The second mail was from Shelfari, which gives me a status on what people in my network are doing. Now, I had signed up on Shelfari a while back, and had updated it for quite a while. My old blog even had a shelf I’d found cute. But somewhere down the line, its interface and utility ceased to interest me. I got quite irritated with their search which never managed to find my friends for me, only for me to get a mail from them later, not by them finding me, but on how they found this an interesting site, and wanted me to join. That was around the time that i became a Facebook fan, and found Visual Bookshelf. And why was that? Because Shelfari’s app on Facebook refused to work for me inspite of several tries. Now, to be fair, I might have been a rare case since I see a lot of people using it.

    The interesting news last week, was Amazon’s acquisition of Shelfari, which leads to a strange relationship with its competitor, Library Thing. I noticed from the second link that the UI has been improved considerably, but they’d lost me way before I could experience that.The effects of such a partnership would be beneficial to both parties, as Shelfari gains from the scale of Amazon and its users, and Amazon gains a community that it couls scale up and synergise very effectively with its current services. Amazon is doing some interesting stuff, most prominent of which would be Kindle.

    And that brings me to my favourite utility in this vertical – Visual Bookshelf. The biggest advantage I have is that I get to share it with all my friends on Facebook, and it automatically adds the friends who use the same app. It also means that I get to share a review on my newsfeed, so even those who don’t use the app can read it. VB’s mails to me are pretty simple – it tells me the status of the books I have added, and gives me an option to change it, it lets me know what my friends have added, and in a way I found very appealing, lets me know what the team is working on, and that’s some pretty interesting stuff.

    But there is another app I’m considering to give a spin, and that’s ‘Books iRead’, from weRead, a team based in Bangalore. Its page on FB informs me that it has more than 6.5 lakh users, 25 of whom are friends. I read recently that it had been acquired by Lulu. Not exactly the Amazon kind of deal, although I couldn’t help but wonder whether the guys who should’ve actually done a tie up with weRead long ago should’ve been another Bangalore based online bookstore start up – Flipkart. It could’ve been perhaps as simple as me reviewing a book on Books iRead, a friend reading it and deciding to buy it, and Flipkart offering an option to buy. Now, Flipkart is doing some reasonably good work, and I loved the way they  first caught my attention, but this would be a good context to remind them that they haven’t gotten back to me on Dublin, a book I’d asked for! But don’t worry, none of the online guys in India have, so there’s reason to cheer. Sigh!! 😐

    until next time, Read India