Steve Woda's Blog

Daily Roundup for 2008-04-08

• Just What We Needed, Google on Speed - Google Everflux
  Is it just me or has Google gone into overdrive? As a professional full-time online marketer I have to keep my mind firmly placed on what Google is doing. As much as I try not to because Google has probably driven more people around the bend than Chrysler and Mercedes-Benz put together. Like any professional marketer, I monitor my numerous keywords on a daily basis - especially my major targeted keyword phrases that bring in the most sales and subscribers. For years now, I have had top rankings in Google for my chosen phrases; they move up and down, but mostly they don't leave the first page.


• Beam it up: Tiny projectors to magnify cell-phone cinema - Technology Review
  Recognizing that it is not much fun to watch movies on a tiny cell phone, a number of companies are racing to develop gadgets that project what's playing on the small screen onto walls, table cloths and other handy surfaces. ''Pico projectors'' that are small enough to carry around in a shirt pocket are expected on the market later this year. Eventually, the technology will be tiny enough to be built into phones and portable media players, the companies say.

So You Want to Be a Blogging Star?

I have discovered the hard way that blogging is not an easy endeavor, and this is especially true for folks that have real jobs during the day.  At a minimum, it takes time, dedication, and creativity.  I have often wondered how to others do such a great job with their blogs while still maintaining excellence in their day jobs.  To that point, I thought this article was very interesting, and it included a number of practical tips for all of us aspiring bloggers.  I hope you find this useful as well.

MARK CUBAN, the owner of the Dallas Mavericks, has a full plate. Besides his basketball team, the busy billionaire also owns part of a media company, and serves as chairman of the TV channel HDNet. He recently competed for five weeks on “Dancing With the Stars” on ABC. How on earth does he find time to blog?

Yet his site, blogmaverick.com, is one of the top 1,000 Weblogs, according to the search engine Technorati. Thousands read Mr. Cuban’s posts every single day. If he can do it, why can’t you?

Read more of "So You Want to Be a Blogging Star?" - New York Times >>>

 

Technorati Tags: Blogging,Mark Cuban,Blogmaverick.com,Technorati,Ted Dziuba,Uncov.com,Xeni Jardin,BoingBoing.net

Daily Roundup for 2008-03-19

• Woman to record industry: Stop spying
  A woman who claims the recording industry's anti-music piracy campaign threatens and intimidates innocent people has filed a new complaint accusing record companies of racketeering, fraud and illegal spying.


• Startup RatePoint bets that people want user reviews refereed - Technology Review
  One of the great things about the Internet is the way people post reviews on just about anything you are considering trying, whether it is a movie, a new restaurant or the local florist.  This also introduces one of the worst things about the Internet: trying to figure out which reviews to trust. Was that effusive praise written surreptitiously by the merchant? Was that anonymous online slam posted by a devious competitor?  The dilemma might be unavoidable in this age of abundant user-generated content, when we have to be smarter about separating signals from noise. But a startup called RatePoint Inc. begs to differ. It wants to play referee, giving consumers more clarity into a business' reputation and protecting the business from unwarranted blights on its credibility.

Daily Roundup for 2008-03-08

• Jeremy Siegel on Politicians, Prices and a Potential 'Buying Opportunity of the Decade' - Knowledge@Wharton
  The U.S. Presidential race has reached a critical juncture. The Republicans have a confirmed nominee in John McCain; as for the Democrats, Hillary Clinton has bounced back, while Barack Obama retains a marginal lead in terms of delegates. How the presidential race evolves will be shaped in part by the increasingly worrisome state of the U.S. economy. Consumer prices are rising, oil has crossed $103 a barrel and gold is nudging $1,000 an ounce -- suggesting that the economy could be entering a phase of 1970s-style stagflation. Fed chairman Ben Bernanke, however, told Congress last week that he doesn't anticipate stagflation, and he continues to indicate his willingness to keep cutting interest rates. What lies ahead for the U.S. and world economies? Knowledge@Wharton discussed these questions and more with finance professor Jeremy Siegel, author of The Future for Investors.


• Ecommerce Blogging: Who, What And When: Well-written blogs create credibility, interest
  Last month I talked about blogging platforms and the value blogging can bring to ecommerce sites. When a website makes the decision to begin a blog and decides upon a blogging platform, it will then have to decide who will blog and how often. Time allotted to blogging is also a relative issue, as is subject matter. So why bother at all?  Relative to static ecommerce sites, search engines consider blogs more real and trusted because blogs tend to have fresh content and there is a less financial, more informational link between a blog and its readers. An ecommerce site should take advantage of this tendency by adding a blog to augment the overall site.

Daily Roundup for 2008-03-07

• Sites With Anti-Fraud Sign Still Flawed - The Associated Press
  When a small padlock appears in the corner of your Web browser's address bar or the entire bar turns green, it seems like a powerful signal you're safe to proceed.  But experts say the SSL certificates those green lights signify — digital stamps of approval that Web sites buy to prove they're running a legitimate business and can send and receive encrypted data safely — don't provide the safety they seem to.  "They instill some sense of security, but that could be a dangerously false sense of security," said Paul Mutton, a researcher with UK-based security firm Netcraft Ltd.  The site itself could still be riddled with security holes for hackers to exploit. And the certificate could simply be bogus: Criminals have been forging them to get the padlock icon and dress up fraudulent sites.


• Web 2.0's Long Road to IPOs
  During the Web's heyday, a profitable Internet company nearing $100 million in annual sales while luring a million new customers a month would have found itself on the IPO fast track. But that's hardly the case for LinkedIn, a professional networking site that has cleared those hurdles and then some.  Instead, LinkedIn is hewing closely to the Web economy's new motto on initial public offerings: Easy does it. Founded in 2003, LinkedIn may not sell shares until some time next year. Likewise, social networking site Facebook, worth $15 billion on paper, may not go public until 2010,

Daily Roundup for 2008-03-06

• The Tipping Point—Web Logo Style
  The other day, a friend who runs a small business lamented that his Web site wasn't worth the trickle of business it brought in. Something told me he's not alone. In fact, some estimates have found the majority of small-business Web sites fail to generate revenue.  Which is too bad, because I think that entrepreneurs like my friend make a mistake by blaming the site itself, or even the medium of the Web. The problem, in my view, is not the site—it's the lack of trust in the company behind the site. Trust is an elusive concept, of course; the sort of term bandied about freely in Marketing 101 but rarely defined adequately since any of us found ourselves in that class. Building trust is important. Building trust via your Web site is essential. Now here comes the biggie: How?


• A VC: Thoughts On Choosing Board Members
  I am a professional board member. I've been sitting on boards for almost 20 years and I've seen a lot. I've seen some of the best board members in action and have tried to copy them. I've seen some of the worst board members in action and have tried hard to forget them.  Here are some thoughts on choosing board members. This advice is for everyone, but it's of particular use when you are a bigger company, maybe public, and need to fill your board with good people.

The eMarket for Lemons at The Wharton School

I had the opportunity to speak at The Wharton School, University of Pennsylvania last week about an article that Dr. Eric Clemons recently authored for the Journal of Management Information Systems, "An Empirical Investigation of Third-Party Seller Rating Systems in E-Commerce: The Case of buySAFE".  My presentation was focused on marketplace economics and specifically about information asymmetry, signaling, the "Market for Lemons" concept, and buySAFE.  In addition, I was able to share a few thoughts about my entrepreneurial experience with buySAFE.

As always, I had a great time as the guest of Dr. Eric Clemons, and I enjoyed hearing the passionate questions, insights and feedback from the students.  One of the students posted an article about my visit on his blog, The Un-Wharton. 

Should Entrepreneurs Worry About the Loyalties of Their Lawyers?

Should entrepreneurs worry about the loyalties of their lawyers?  That is the question posed in a recent article on TheFunded.com, and to be honest, it is a fair question.

Most venture financings have closing legal expenses in the mid-five figures, and I know of Series B deals where the closing expenses have approached a quarter million dollars (yes, you heard me right... $250,000).  At the end of the day, these expenses are ultimately paid for by investors.  In addition, within local venture ecosystems, the venture lawyers obviously do many deals with the venture capitalists in their area over the course of time.  These factors certainly create the potential for major conflicts of interest, and according to many entrepreneurs, the conflicts of interest are real.

My team has always had the benefit of terrific legal counsel, and we haven't personally struggled with this issue.  However, if you honestly assess the dynamics of the venture relationships as well as the economics of where and how corporate lawyers get paid, you will have to agree that entrepreneurs probably should be keeping a close eye on your lawyers.

As I mentioned, there was a terrific post on this subject at TheFunded.com - Venture Legal: A Conflict of Interest and a Complicated Mess.  The author of this post hit the issue right on the nail.

How to Answer the VC Valuation Question

Over the last few years, I have presented to dozens of venture capital firms while fundraising, and inevitably, the venture capital investor always asks you what valuation you are looking for.  This reminds me of that job interview question we have all been asked... "What are your biggest weaknesses?"  There really isn't a right answer, but there sure are a lot of bad answers.

Stu Phillips does a nice job of explaining how to answer this important VC question on his blog, Soaring on Ridgelift. 

One hint... Don't answer the question! 

Well, there is actually more to that conclusion, but you can read the details in Stu's blog post, The Valuation Trap.

Nice post Stu!

Core Capital Invests in $20M Round for NextPoint

Core Capital Partners, a venture capital firm that has invested in a number communications infrastructure companies particularly focused on the IP and VoIP, announced its participation in a $20 million round of funding for Gaithersburg, MD-based NextPoint™ Networks, Inc.

According to the investment announcement , NextPoint will be the result of the recently announced merger between NexTone Communications Inc., a software-centric session border controller and session management provider, and Reef Point Systems, Inc., a mobile access universal convergence gateway provider. In addition to Core Capital, other investors in this round include the round lead investor, One Equity Partners, the private equity arm of JP Morgan Chase (NYSE:JPM), as well as American Capital Strategies (NASDAQ:ACAS), Jerusalem Venture Partners, Safeguard Scientifics (NYSE:SFE) and Summerhill Venture Partners.

Read more about Core Capital Partners >>
Read more about NextPoint >>