Monday, April 25, 2011

Journey Of Action: Latin America Tour Kickoff Party

Hip Hop Basics: Journey Of Action
April Fool?
Journey Of Action: Connecting The Dots: Social Activism: Social Media
Journey Of Action

The venue was the Purpose offices. It is an impressive startup, Purpose is. It has grown organically in two years to become a 40 strong team. I got to meet the Australian founder, Jeremy Heimans. Actually I just shot him an email.

Ugh. Finally I got to meet Kassidy and Ryan in person. They look just like in this picture.

Adaptive Text: The Book Deserves To Come Alive

A Picture of a eBookImage via Wikipedia
The Technium: What Books Will Become: a screen that we watch can watch us. The tiny eyes built into your tablet, the camera that faces you, can read your face. Prototype face tracking software can already recognize your mood, and whether you are paying attention, and more importantly where on the screen you are paying attention. It can map whether you are confused by a passage, or delighted, or bored. That means that the text could adapt to how it is perceived. Perhaps it expands into more detail, or shrinks during speed reading, or changes vocabulary when you struggle, or reacts in a hundred possible ways. There are numerous experiments playing with adaptive text. One will give you different summaries of characters and plot depending on how far you've read. ..... books with moving images. We don't have a word for these yet .... Text inside of moving images as well as images inside of text. .... This hybrid of movies and books will require a whole set of tools we don't have right now. Presently it is difficult to browse moving images, or to parse a movie, or to annotate a frame in a movie. Ideally we'd like to manipulate kinetic images with the same facility, ease and power that we manipulate text -- indexing it, referencing, cut and pasting, summarizing, quoting, linking, and paraphrasing the content. As we gain these tools (and skills) we'll make a class of highly visual books, ideal for training and education, which we can study, rewind, and study again. They will be books we can watch or TV we can read. ......... The current custodians of ebooks -- Amazon, Google and the publishers -- have agreed to cripple the liquidity of ebooks by preventing readers from cut-and-pasting text easily, or to copy large sections of a book, or to otherwise seriously manipulate the text. But eventually the text of ebooks will be liberated, and the true nature of books will blossom. ...... We can even filter the most popular highlights of all readers, and in this manner begin to read a book in a new way. I can also read the highlights of a particular friend, scholar or critic. ....... Reading becomes more social. We can share not just the titles of books we are reading, but our reactions and notes as we read them. Today, we can highlight a passage. Tomorrow we will be able to link passages. We can add a link from a phrase in the book we are reading to a contrasting phrase in another book we've read; from a word in a passage to an obscure dictionary, from a scene in a book to a similar scene in a movie. ........ Even a minor good work could accumulate a wiki-like set of critical comments tightly bound to the actual text. ....... dense hyperlinking among books would make every book a networked event ....... Wikipedia is the first networked book. ...... This deep rich hyperlinking will weave all networked books into one large meta-book, the universal library. Over the next century, scholars and fans, aided by computational algorithms, will knit together the books of the world into a single networked literature. ....... no work, no idea, stands alone, but that all good, true and beautiful things are networks, ecosystems of intertwingled parts, related entities and similar works ........ The complete universal library, all books in all languages, will soon be available on any screen. There will be many ways to access a book, but for most people most of the time, any particular book will essentially be free. (You'll pay a monthly fee for "all you can read.") Access is easy, but finding a book, or getting it attention will be hard, so the importance of the book's network will grow, because the network is what brings in readers. ...... A book is an attention unit. A fact is interesting, an idea is important, but only a story, a good argument, a well-crafted narrative is amazing, never to be forgotten. As Muriel Rukeyser said, "The universe is made of stories, not atoms." ...... In the long run (next 10-20 years) we won't pay for individual books any more than we'll pay for individual songs or movies.
Reducing price and enhancing quality is what businesses strive for. But the music and movie industries have been bummed out for years now because modern technology has managed to drive the price point to zero. That is like the price point attaining nirvana, no?

US Healthcare Vs. The Rest Of The World

Medical Costs Infographic
Via: Medical Billing and Coding

The Scale Of Starbucks

The Scale of Starbucks
[Source: Online MBA]

Apple Does Hardware In Asia

Nepali sadhu performing a blessing.Image via WikipediaHardware is harder to work on remotely than software. And it is not even remote. With all the communication possibilities of today, I think people can overemphasize the importance of geography. I enjoy a party as much as the next person, but if you think about it, the whole premise behind social networking - hello Facebook, hello Twitter - is that it is the relationship, not the physical proximity.

And so my tech team is in Kathmandu. It is 50 strong. It has been a profitable software shop five years in a row. But it is only now venturing out on its first tech startup. There are other software things you can do to make money, you know? The team has had global clients this entire time.

I became friends with the team leader before I came to America. This is not outsourcing any more than Nepal and India are foreign countries. They are not, not to me. Why can't I tap into my social capital?

Is It About Women?
GroupOn's Legacy: Cute Email?
Kiva Is In Nepal
The Kiva Story

That 10X Return Thing

Web startupsImage via WikipediaWhen VCs invest in your startup, they want a 10X return. So if they invest a million, they want you to turn that into 10 million dollars.

Why? Because they are greedy bastards? Maybe.

It's a numbers game. Say nine out of all 10 startups fail. That is pretty close to the actual numbers, by the way. So money was lost on nine out of 10 deals. One million turned into zero dollars. That stunt is still a lot of hard work on the part of many people, believe it or not.

But one makes it, and gives a 10X return. So 10 million dollars were invested in 10 different startups. Nine of them went down. One turned that one million into 10 million. That is a break even situation. The VCs started with 10 million dollars, they ended up with 10 million dollars. Where's the game?