Thursday, April 15, 2010

Real Time Is Real Time, Today Or Last Year

Image representing Google as depicted in Crunc...Image via CrunchBase
Time 1937: Richest man In The World.

Look at this article from Time 1937. The richest man in the world at the time was an Indian. Hello Bill Gates. It was empowering to get to read the article in the raw. I think this is the model I have in mind when it comes to Twitter. What is being said right now in real time is important. But the Twitter archives are also important.

And finally I got it.

I knew Google needed to step in.

Facebook And Twitter Suck When It Comes To Searching Their Own Sites
Twitter Should Hand Over Search To Google

Mashable: Google Upgrades Its Twitter Search Features
Google Blog: Replay It: Google Search Across The Twitter Archive
CNet: Google Launches Twitter Timeline Search

This is not Twitter giving the farm away. This is Twitter bringing in Google to enhance the value of every single tweet. Suddenly every tweet in the Twitter archive has become worth so much more. This is a huge boost to Twitter's monetization efforts. (Twitter Does The Deed: Ads)

Being able to search every tweet ever is great. But there is one missing link: visualization. Tweets are not meant to be read one at a time. And visualization is perhaps the best way to read many tweets at once. Google has work cut out for it in the presentation department. Searching through tweets is not the same as searching through webpages. Tweets are a different animal.

Twitter Visualization: Reading Many Tweets At Once

What I say today about Obama's victory in November 2008 is a different animal from what I said about Obama's victory as it happened. It is still me saying it, but real time is a different dimension.

This ability to dig through the Twitter archives is going to be a great tool for many players to go out there and see what people are saying about them, or how what they have been saying has changed over time.

Right now the archives go back only to February. It has to go all the way back. And Google has not even started work on doing the best possible job on presentation. Don't treat tweets like they are webpages. They are not.


Reblog this post [with Zemanta]

Why Will Facebook Itself Not Do Facebook Enterprise?

Image representing Facebook as depicted in Cru...Image via CrunchBase
Fred Wilson: Software Is Media

Why will Facebook itself not do Facebook Enterprise? That is a question I have asked a few different times. The Salesforce guy had a guest post in TechCrunch not long back. A friend of mine emailed me that post through Google Reader. (Ignite, Set It On Fire) And I posed him the question on Buzz. Why will Facebook itself not do Facebook Enterprise?

The dichotomy between consumer software and enterprise software is vapid. It is unreal. It is an inconvenience that ought not last too long.

In his post today Fred Wilson is making the point that software should be as easy to use as media. He has not quite spelled it out, but I don't think he is trying to say he is only talking about consumer software. Software should be as easy to use as media also applies to enterprise software.

Salesforce trying to imitate Facebook to offer enterprise software: is that better than Facebook itself offering an enterprise version of itself? I don't think so.

The inbox was not copyrighted by Hotmail. The status update has not been copyrighted by Twitter. Similarly the stream is not Facebook property. Check in is similarly going to be a commodity feature.

Twitter should offer a Twitter Enterprise, and Facebook should work on a Facebook Enterprise. It just makes sense.

Farmville Farmer's Market: My Idea
Facebook And Twitter Suck When It Comes To Searching Their Own Sites
Social Media Week: The Best NY Tech MeetUp Ever
Mark Zuckerberg, Mike Arrington
Anu Shukla Has Found The New Frontier In Advertising
Facebook Landgrab: A Friday Midnight Call
Facebook And Mashable: Social Media And Social Media Blog
Facebook's Ad Space Is Different


Reblog this post [with Zemanta]

Twitter Has To Scale The Signals

Image representing Twitter as depicted in Crun...Image via CrunchBase
Twitter Does The Deed: Ads
Twitter Acquires Tweetie: The Drama
Twitter Need Get Work Done
Twitter Needs To Eat Into Its Ecosystem

If I have five friends, and all of them are on Facebook and all of them have my number, and we party every other week, we are talking. But what if I have 500 friends? What if I have five friends and 5,000 fans? What if I have two friends and 20,000 online contacts? What if I am being followed by 50,000 people? What if I end up with five million followers?

Twitter has to make sure that at no point do the signals turn into noise for me. At no point should I get overwhelmed. I might have 500,000 followers, and if all of them tweet me, I should still be able to hear what they are saying. (Twitter Visualization: Reading Many Tweets At Once)

The power users will tell you, if you really want to make the best of Twitter, you got to wade into the ecosystem and find all the right apps for you. I am cool with that suggestion, but Twitter should not be. If Twitter envisions a billion users, as it should (Goal: A Billion People On Twitter April 2009) - heck, I think Twitter could beat Facebook to that magic number, but not the Twitter of today - then Twitter has to make sure all the action is at Twitter.com. Twitter bought Summize, Twitter bought Tweetie, it could easily buy 20 more such companies today. Buy or build, buy or build, buy or build.


Reblog this post [with Zemanta]

Wednesday, April 14, 2010

Twitter Does The Deed: Ads

Image representing Twitter as depicted in Crun...Image via CrunchBase
Netizen, June 2009: Monetizing Twitter: A Few Ideas
New York Times, April 12, 2010: Twitter Unveils Plans to Draw Money From Ads
....finally answering the question of how the company expects to turn its exponential growth into revenue.....Promoted Tweets....in the stream of Twitter posts, based on how relevant they might be to a particular user.....Twitter.com had 22.3 million unique visitors in March, up from 524,000 a year ago.... the first significant step toward a business model..... and when someone rolls over a promoted post with a cursor, it turns yellow. .... chatter on Twitter can forecast box-office revenue for movies ....“Media like Twitter and Facebook are so enormous that it’s very hard to imagine it would be easy to manipulate the conversation.” ...... Twitter will measure what it calls resonance, which takes into account nine factors, including the number of people who saw the post, the number of people who replied to it or passed it on to their followers, and the number of people who clicked on links......Once Twitter figures out how to measure the number of people who read posts other than on Twitter.com, it will also allow third-party developers to show ads and share revenue.
"....and when someone rolls over a promoted post with a cursor, it turns yellow...."

That color coding was an idea I had promoted at my blog. The tweet ads have to look different from the regular tweets, obviously different. And color coding is the best way to achieve that.

Google did not do banner ads like Yahoo. Similary Facebook could not do Google ads. And Twitter ads have to be specific to the Twitter platform. Tweets are it.

Resonance. I like the term.

Twitter has taken its first big step in the monetization department. This might be the only step necessary. They could spend a few years just getting this one right and scaling it. Ultimately the process has to be automated just like for the Google ads. Most of the money will come from small businesses targeting locals.

Now I am going to bug Twitter a little less about going IPO, just a little less. It could now take its sweet time.

Twitter Needs To Eat Into Its Ecosystem
Twitter Should Go For A Netscape-Like IPO


Reblog this post [with Zemanta]

On Disqus And Disqussions


Fred Wilson's blog post today is about comments: Some Thoughts On Comments. And my blog runs a real danger of ending a satellite blog to the AVC blog. (Kidding, of course) Yesterday I put out a reply blog post, this is another. (The Inbox Could See New Life This Year) Usually I stick to Fred's comments sections.

I think there might be a tinge of self-consciousness I might be feeling after having applied for a Union Square Ventures job. (Union Square Ventures Job Opening: I Am Applying) More important, I am thinking new thoughts.

I have complimented Fred's being a wonderful blogger several times before. He is my favorite solo blogger. And his comments sections are a great hangout place. If I get the USV job, two of the things I might want to do would be (a) produce a 30 minute video of Fred every week, and (b) organize offline get-togethers of the AVC community. It might not be monthly, but it would be a good idea to have them a few times a year. I think I appreciate the important role Fred's blog plays in his management challenges. Talking through a blog post might be a great way to communicate to some of the portfolio companies, not to say super efficient. And it does not put them on the spot. It is an open platform. There is a free rolling comments section that chugs along.

I made the observation a few days back that AVC collects more comments per post than most posts on TechCrunch, and that is remarkable considering the huge disparity in traffic levels between the two blogs. And there is no concept of The Regulars at TechCrunch.

So, Disqus

I got excited about Disqus before I learned it was one of Fred's portfolio companies. I have to tell you about what Disqus means to me. I use Disqus more often than I use so many of the better known social media platforms. I am not going to name and shame them. And Disqus is frankly half the weight at the AVC blog. Fred reads every comment anyone ever leaves at his blog. I think that is really something. But that is also a big part of the reason why there is a sense of community at AVC. Once in a while someone will show up and do a drive-by shooting, but the community has learned to take care of itself. The Regulars feel protective of each other. Dissent is okay, even celebrated, but slander is not. But I come from the free speech before decency school of thought. So I am okay with a little bit of background radiation.

Disqus Next

What could Disqus do to take itself to the next level? That is a tough question for me because the number one item on my Disqus agenda is to see its wider adoption. I wish every blog I ever visited had Disqus. I know of a lot of people who will not even bother leaving comments at a blog if it does not have Disqus. Mashable has Disqus, TechCrunch does not. I think Disqus has been part of the reason Mashable has done so well so fast.

How do you better organize the 100 comments a blog post might accumulate? I don't know. My blog does not have that problem right now. And although AVC regularly accumulates over 100 comments per blog post, for me that has not been a problem. I usually end up reading all of them. And when the intent is to read them all, chronological works best. You start from the first comment and end up with the last.

But I can see why you might want to read only 10 out of 100 comments and ask Disqus to figure out what those 10 should be.

One could be the like button. Comments that have been liked bubble up to the top. The one with the most likes are at the very top.

Two would be the option to follow people on Disqus. So if I follow Fred Wilson on Disqus, his comments show up first no matter where I might be in the blogosphere. Or you could integrate with Facebook Connect. My Facebook friends show up first.

Three would be a way for a blogger to decide on the hierarchy of his or her commenters. The default setting might be that the commenters who have left the most comments overall bubble to the top. Or a blogger would have the option to give stars to his/her top commenters. These are the five people who are my top commenters. When they comment, place them at the top.

An odd one would be length. Long comments rise to the top.

Disqus Enterprise

This is where I smell money. Say I am a small business. And I want Disqus to be my primary customer service software. What will you do for me? One option to have would be for the comments to not get displayed at all. I want to see the feedback. Maybe I don't want the entire world to see the feedback. How about comments that are tied to specific transactions? What if you could see the five items I bought from you before I left you that snarky comment? Or what if Disqus would read and categorize the comments for me? Great product, thanks, should not be in the same category as, you need to change the color scheme of your front page. And there should be a quick way to respond.

A lot of Google customer service is Q&A pages. Disqus should make it possible for any business small or big to roll that out. Let customers be each other's customer care for the most part. Let them answer each other's questions for the most part. Make repeat questions unnecessary.

Disqus The Savior

Blogs and sites that routinely get thousand plus comments per post need help, and they need help now. Find me the 10 comments out of that pile of thousand that I might want to read and possibly reply to.

Disqus, A Microblogging Platform

Considering I use it so much, I might as well call it like it is.

New York Times: News Sites Rethink Anonymous Online Comments
Tereza
Kid Mercury

On another note, I was just thinking, if Geocities has been Fred's best deal so far, that was a M&A. Yahoo bought Geocities. If Twitter is going to be Fred's first IPO, I am now even more excited about the idea. :-)

Twitter is the best deal Fred ever did. And how he did it is a remarkable story.

I was also thinking, if you have 28 companies in your portfolio, you probably work extra hard to make sure the not so star companies do feel the love. It also helps that companies that will bring the biggest returns need the least hand holding.


Reblog this post [with Zemanta]