matter
VC Explains Why A Founder’s Initial Idea Often Doesn’t Matter At All
Investor Laura Sachar says she can spot entrepreneurs who have ideas, but don’t know how to execute them.
Sachar, general partner and founder of StarVest Partners, has been involved in early stage companies since the mid-’90s. She shared her insights on a panel at Business Insider’s Startup 2012 conference:
Sachar focuses on people in the early stage, because it’s about the belief that the person can figure out what to do with the business to make it successful.
“Often, the initial idea is not how the company succeeds and drives revenue,” says Sachar. “Focusing on the people first, and a belief that they can develop attractive ideas and move from there, makes sense.”
There needs to be a clear path that shows that the person can turn the idea into something real.
“If you can’t execute, you don’t have a company,” she says. “A lot of people have ideas.”
Nowadays, companies don’t need as much money to get momentum. She suggests that you take more money than you think you need (if it’s available), because so many investors are looking for the companies that are gaining tons of velocity in the early going. By having that money, you have more resources to pull that off.
NOW SEE: 10 VCs And Founders Give Their Best Advice For Raising Money >
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Why It Doesn’t Matter That You Thought of it First
Source: http://gizmodo.com/5901680/why-it-definitely-doesnt-matter-that-you-thought-of-it-first
Oh, man, the iPad? I totally thought of that back in 1998. And good for you! Here’s a handy flow chart that explains exactly why no one cares. Which I totally thought of drawing up myself last fall. [Doghouse Diaries]
The Only Two Smartphone Companies That Matter (AAPL)
Source: http://www.businessinsider.com/chart-of-the-day-smartphone-shipments-2012-4
There are only two smartphone companies that matter: Samsung and Apple.
This chart shows preliminary smartphone shipment estimates for Q1 from analyst Horace Dediu of Asymco. As you can see, it’s a two horse race. Everyone else is irrelevant.
The Third Screen
In digital marketing, the third screen is often seen as the “holy grail” since it is a device that most users have with them 24/7. However, that doesn’t mean advertisers have the right to “spam” people at all hours with messages, no matter how targeted.
Slideshare on The Third Screen
http://www.slideshare.net/augustinefou/three-screens-the-third-screen-in-marketing
Source: http://gizmodo.com/5882703/your-deleted-facebook-photos-still-arent-really-deleted
Three years ago, Ars Technica discovered that when you “deleted” your photos, they were still kept on Facebook’s servers, and anyone with a static URL could still access it. Three years later, Ars Technica revisited the matter and found little has changed. But Facebook says that things will be different…eventually.
Ars Technica’s Jacqui Cheng got Facebook to comment on the matter, they’re developing a new one which will permanently wipe photo off their servers within 45 days of a user “deleting” the photo from the site.
“The systems we used for photo storage a few years ago did not always delete images from content delivery networks in a reasonable period of time even though they were immediately removed from the site,” Facebook spokesperson Frederic Wolens told Ars via e-mail.
Wolens explained that photos remaining online are stuck in a legacy system that was apparently never operating properly, but said the company is working on a new system that will delete the photos in a mere month and a half. For really real this time.
So if there’s some incriminating piece of imagery on Facebook you’re really dying to have removed once and for all, maybe all hope isn’t lost entirely. [Ars Technica]
Jesus Is Now More Popular Thanks To Tim Tebow
Source: http://www.businessinsider.com/nfl-chart-jesus-is-now-more-popular-thanks-to-tim-tebow-2012-1
Below is a look at the popularity (based on Google search volume) of Tim Tebow since the end of the NFL lockout in July. The first thing you will notice is that after the Denver Broncos playoff run, Tebow is now more popular on the internet than Jesus.
But if you look closer, you can see an even more telling trend. As Tebow’s popularity has increased, so has that of Jesus. And everytime we see a peak in Tebow’s popularity, we also see a peak in the popularity of Jesus. In fact, since the onset of Tebowmania, the popularity of searches for Jesus on Google have increased by approximately 50 percent.
No matter what anybody thinks of Tebow, it cannot be denied that he is one of those rare athletes that transcends sports.
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See Also:
- SPORTS CHART OF THE DAY: The Giants Are Undefeated In Conference Championship Games
- Recently Fired Chiefs Coach Todd Haley Was Afraid Team Facilities Were Bugged
- Did LeBron James Take A Subtle Jab At Nike’s Rival Shoe Company Last Night?
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Android Is Totally Blowing Away The Competition (AAPL, RIMM, GOOG, MSFT, NOK)
Source: http://www.businessinsider.com/chart-of-the-day-android-is-taking-over-the-smartphone-market-2011-11
Android now has 52.5% of the global smartphone market. No matter how you want to slice it, that’s amazing. It’s stealing share from every other smartphone operating system other than iOS, which is basically flat.
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See Also:
- GARTNER: Android Market Share Doubles, iOS Drops In Q3
- THE MICROSOFT INVESTOR: Here Come Plans For Next Versions Of Windows Embedded OS Offerings
- Google Apps Chief Promises They Won’t Favor Android
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Is Facebook Tracking You After You Cancel Your Account? Does It Even Really Matter? [Facebook]
Citing employees at Hamburg Data Protection, Bloomberg claims that Facebook’s cookies will still actively track your online activity even if you’ve cancelled your account. But it mostly just seems like tin hat paranoia.
According to the report, there’s “suspicion” and over the way Facebook is using cookies. What that means exactly is unclear, as they don’t elaborate any further aside from saying that the cookies can identify specific people. Facebook says they delete any user specific cookies, but leave some for security purposes, such as phishing.
Remaining cookies are used in “identifying spammers and phishers, detecting when somebody unauthorized is trying to access your account, helping you get back into your account if you get hacked,” and blocking underage users from re-registering with a different birth date, Facebook said.
Should Facebook be doing this without people knowing? Probably not. But even if they are collecting data on you after you cancel your account, is it different from what any other website is doing? If these are supercookies, which are considerably harder to get rid of, then yeah, it’s problematic. But sites will drop a cookie on your computer and track your data even if you’re just visiting—regardless of whether or not you have an account.
This instance doesn’t seem to be much different. Sure, Facebook has data about us that is much more focused and specific, but if you’re that paranoid about it, clear out your cookies. [Bloomberg]
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The Digital Living Room Isn’t Here Yet (NFLX, AAPL)
Source: http://www.businessinsider.com/chart-of-the-day-netflix-itunes-dvds-2011-11
Despite all the hype around Netflix streaming, and Apple’s iTunes movie store, the fact of the matter is that the physical disc is still the king of home entertainment, Dan Frommer at SplatF reports.
As you can see in the chart below, digital streaming/sales only accounted for 19% of the home entertainment market in the third quarter. The rest of sales comes from DVD/Blu-ray discs.
As Frommer points out, this means there’s still plenty of room for growth for Netflix, Apple, Microsoft, Facebook, and others to attack the market.
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See Also:
- THE APPLE INVESTOR: The iPhone Will Dominate In China
- Yes, Apple’s Building A TV — And It Will Be Powered By Siri
- THE GOOGLE INVESTOR: The TV Race Is On!
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NHL Attendance Is A Huge Disappointment So Far
Source: http://www.businessinsider.com/chart-nhl-attendance-is-down-despite-nba-lockout-2011-10
With the NBA lockout still in full-swing, now would seem like a golden opportunity for the NHL. But early returns from the ticket office are not encouraging.
Through the first 124 games of the regular season (~10%), average attendance in the NHL is down more than 400 fans per game, averaging just 16,684. Capacity is also down with arenas filling just 91.0 percent of available seats. And this number is heavily influenced by the opening night attendance figures which are typically a big draw.
On the other hand, the New York Rangers are yet to play a home game, and their attendance will pull the league average up slightly.
But with the NBA in disarray, these numbers must be a disappointment for the NHL no matter how they are spun…
Data via ESPN.com
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See Also:
- Allen Iverson Wants Another Shot At The NBA
- SPORTS CHART OF THE DAY: NFL Teams Are Passing AND Scoring More Than Ever
- This Is How A Video Game Company Convinced The NBA To Approve The Wildly Popular ‘NBA Jam’ In 1992
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Digital Consigliere
Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.
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