The Best Platform for Incubation Is the Web

egg_20hatch1(image) Yesterday in the course of my seemingly endless attempt to stay current in this industry, I came across this article on VentureBeat: Searching for the next Zuckerberg: A day in the life of a Lightspeed Fellow. It chronicles the experiences of the chosen few who have made it into a VC-backed incubator, focusing on two Stanford students who are trying to create a new sensor for lap swimming.

I recently took up the sport, and find the gadget interesting. But what really struck me was the casual use of Zuckerberg’s name in the headline, and how it was used in context of the ecosystem that has sprung up in the past five or so years around entrepreneurship. Don’t get me wrong, I think incubators and accelerators are important components of our business ecosystem. But I’ve always liked the fact that anyone with a great idea, access to the Internet, and an unrelenting will can spark a world beating company simply by standing up code on the Internet, and/or leveraging the information and relationship network that is the web.  That’s how Facebook started, after all. And Google, and Amazon, Twitter and eBay, and countless others. No gatekeepers, no contests, no hackathons or pre-seed rounds. A great idea, and a great platform: the Web.

I wonder if the next Larry Page or Mark Zuckerberg would ever start at Lightspeed, Y Combinator, or TechStars. Certainly amazing companies and ideas have come from inside those estimable establishments, and more will come in the future. But the peculiar fire which drives folks who are truly “the next Zuckerberg” – I wonder if that fire needs stoking from anything else than the Internet itself. If we institutionalize that fire, I think we lose something. A simple page on the open web, offering a service, waiting to be engaged with, to learn from that engagement, to rapidly iterate and grow, to fall down and fail and try again.

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Want to See How Detroit Is Coming Back?

OCDet

Tonight I checked into my hotel room in Chicago as part of my regular cadence of visiting FM’s offices around the country. I flipped on the TV and the local news featured a dismal report about Detroit’s suburbs. The copy of Time magazine I had in my bag, same thing: Detroit Goes Bust.

Well, we all know things are tough in Detroit right now. Which is exactly why we’re bringing OpenCo there next month.

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Four Minutes on the Future of Marketing

Earlier this year I sat down with a videographer at the Bazaarvoice Summit in Austin. He asked me about the future of marketing, in particular as it related to data and consumer behavior. Given what I announced earlier this morning, I thought you might find this short video worth a view. Thanks to Ian Greenleigh for doing all the work!

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Liquid Markets Win: On Boats, Planes and Automobiles

Marthas_1775_Blask-wbOne of the key themes in our upcoming book has to do with the interaction of information and the physical world – in particular, how all things physical become “liquid” when activated by just the right information. But when you’re writing (and thinking out loud) about this topic, it’s easy to fall into an academic cadence, because information theory is a thicket – just try reading “The Information” in one sitting, for example.

So I’ve found it’s best to just tell stories instead (and to be honest, I’d wager that nearly all information theory should be reduced to narrative, because narrative is how we as humans make sense of information, but I digress). Here’s a story that happened just this past weekend.

If you’ve been reading for more than a year, you know that I spend a good part of August working on an island off the coast of Massachusetts. It’s a special place where my great grandmother settled in the 19th century, the kind of place where you visit graveyards with your kids to remind them of their own history, then hit a carousel and ice cream shop in the afternoon.

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An Afternoon at the Media Lab: Where The Lines Between Physical and Digital Are Permeable

IcanHasHOloYesterday I took my son to the MIT Media Lab, hallowed ground for me, as reading Stewart Brand’s 1988 “The Media Lab” propelled me toward helping to create Wired magazine, where I edited the founding Director of the Lab, Nicholas Negroponte, for five years (he wrote the back column of the magazine).

For this visit, I met up with David Kong, one of the lab’s alumni wizards, who took us on a whirlwind tour of the place (David’s work on microfluidics is, I believe, some of the most important stuff being done today, but more on that in another post). I spent a day there last summer with Director Joi Ito, and it’s amazing to see how much progress can be made in a year.

Instead of describing everything, I think I’ll let video do the work – one of the Lab’s core values is to always be demo’ing, and my son and I saw half a dozen incredible projects, all demo’d by the people who created them.

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LinkedIn On A Roll

LInote

It’s been pretty obvious from the stock price, but LinkedIn, which I’ve written about every so often, is really on a roll lately. The influencer content play (which I will admit I’ve been part of, in a small way) is a clear winner, the company is enjoying very positive press, and its premium services are getting really interesting as well.

Just today I got an email from the company titled “What’s new with people you know?” I found it compelling in a way that emails from nearly every other service I use – Twitter, Facebook, or Google – are not.  CEO Jeff Weiner tells me that this email has been sent out every six months for the past three years, but it’s clearly been redesigned as more of a media product. I care about my network on LinkedIn, and the email was full of pictures of people who really matter to me, all of whom have gotten new jobs.  It’s  one of the most engaging messages I’ve ever gotten from a “social network.” (In case you want some history, I called LinkedIn out as a media company more than a year ago here.)

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Fred Wilson and I In 18 Minutes

I had a chance to be interviewed with Fred Wilson by Dave Morgan of Simulmedia (and Tacoda and and and…). The video is fun and ranges around from OpenCo to the future of the Web, so I thought I’d share it here:

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A Social, Elastic Model for Paid Content

esquirepieceI was interested to read today that Esquire is currently experimenting with a per-article paywall. For $1.99, you can read a  10,000-word piece about a neurosurgeon who claims to have visited heaven. Esquire’s EIC on the experiment: “…great journalism—and the months that go into creating it—isn’t free. So, besides providing the story to readers of our print and digital-tablet versions of the August issue, we are offering it to online readers as a stand-alone purchase.”

I predicted that payment systems and paid services/content were going to take off this year (see here), but this isn’t what I had in mind. But it did get me thinking. What if you added social and elastic elements to the price? For example, the article would initially cost, say, $1.99, but if enough people decided to buy it, the price goes down for everyone. The more people who buy, the cheaper the price gets. It’d never go to zero, of course, but there’d be some kind of a demand/price curve that satisfies the two most important things publishers care about: readership (the more, the better) and revenue (ideally, enough to cover the costs of creation and make a fair profit).

The tools to do this already exist. There are plenty of sites that crowdsource demand to create pricing leverage, and sites like Kickstarter have gotten all of us used to the idea of hitting funding goals. And the social sharing behaviors already exist as well: Nearly all content has social sharing widgets attached these days. Why not combine the two? Those who initially paid the highest price – $1.99 say – would be motivated to share a summary of the article with friends and encourage them to buy it as well. They are economically incented to do so – the more friends who buy, the greater the chance that their initial $1.99 charge will decrease. And they’re socially incented to do so – perhaps they could get credit for being one of the early advocates or tastemakers who recognized and surfaced a great piece of content before anyone else did.

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Brand Pride

citipride
The Citi float at the Pride Parade in New York. About 200 Citi employees marched behind the float, many riding “Citibikes,” one of Citi’s most visible marketing programs in NYC.

Last week I was fortunate to be in New York City over the weekend, accompanied by most of my family. I had meetings with senior marketing executives at companies like Coke, Citi, and many others, and they stretched from the previous Weds. all the way into Monday of last week. I hate being away on weekends, and my wife is from New York, so she brought my daughters  to visit their grandmother, who lives right in the middle of Manhattan.

Now, a weekend in New York with your family is special anytime, but last weekend was particularly notable because of the annual Pride Parade. This celebration of LGBT rights is one of the largest in the world, and this year’s was historic – just the week before, the Supreme Court had voted down the Defense of Marriage Act, a major civil rights victory for the gay community and, by extension, for citizens across the country. Last Sunday, our family joined tens of thousands of others who cheered the parade down Broadway, marveling at the exuberance and yes, sometimes at the show of skin as well.

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Excellent Content Marketing: Dear NSA…

This short Slideshare deck, an extremely clever satire of the now infamous NSA slide deck, should be Slideshare’s marketing calling card. It’s a promotional gift to the service, timely, clever, and leveraging the product perfectly. If this ever happens to you, use it in your marketing!

Echoes of the Tide and Oreo executions that are getting such plaudits recently. Love it.

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