About Me 0113: 2011

Monday, December 26, 2011

Forum Making Money

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I recently spoke with Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks regarding the manner in which AngelList is changing the startup funding landscape. Naval describes why Silicon Valley will continue to be less of a dominant force in the startup universe over time and how tools like AngelList are facilitating the creation of entrepreneurial communities all over the world.

JG: Naval, what is the value proposition underlying AngelList?

Naval: Venture Hacks is educating entrepreneurs on the game theory of how to raise venture capital. AngelList is the productization of that. These days, thanks to code and community, we can productize almost any process done by humans. We are productizing the raising of capital for startups.

You can watch my interview with Naval below or on YouTube here: http://www.youtube.com/watch?v=IkuXQAvaKgY

JG: My venture firm, Rincon Venture Partners, recently invested in The Resumator, which we identified via AngelList. It is unlikely we otherwise would have become aware of The Resumator, as they are based in Pittsburgh. Are you finding that AngelList is an effective forum for startups located outside of traditional startup hotbeds or was our experience an anomaly?

Naval: It’s actually quite common. The core business we have built on is taking out-of-market startups and introducing them to investors. Late last year, there were more high-quality, seed-stage startups in New York than there was an Angel community to support them.

JG: Venture Hacks and AngelList are both great assets for the startup community. Other than giving back to the ecosystem, do you have plans to monetize your efforts beyond selling books?

Naval: The most important thing for an investor… is access to deals. When great companies really hit, all the investors want in and there isn’t enough room.

One of the things AngelList helps us do is raise our brand, have a pre-existing relationship with many, many entrepreneurs and give us access into great deals. We are not concerned in the short-term with making money. This is a ten year project…, we’re one and a half-years in and we have a long way to go.

Long-term, we may start investing in some of these companies as they go through. We are not taking the incubator approach…we would invest on the same terms along side the other investors and we would make sure to be a very, very small piece of the round and not to crowd out anybody.

Continued on the next page

This, of course, would be a recipe for bedlam if attempted with multitudes of autos trying to exit all at once after a performance (in theory, as many as five events with a combined audience of more than 8,500 people can let out at more or less the same time). So performance patrons will continue to pay as they enter, with actual human beings continuing to conduct or enable each transaction.

Chico said that cream-colored metal devices formally called “pedestals,” but known in the parking business as “ticket-spitters,” have been installed at each entrance driveway. Standing on newly installed islands beside each ticket-spitter will be an attendant who will insert one keying device into the machine if the transaction is going to be cash (with the attendant then taking the money and making change in the usual way), and another key if the driver wants to pay with a credit or debit card.

The driver will then swipe his or her card through the machine, and it will spit out a receipt ticket. Each time an attendant inserts a key, it will trigger software that records each transaction, giving the county accurate and easy-to-sift data for the number of vehicles and amount of money coming into its garage.

When events end, the exit gates will stay up and cars will leave freely. But Chico said patrons should hold onto the receipt tickets they get on the way in, because anyone wanting to leave early will find the exit bar down, and will need to feed the ticket into an automatic device to make it go up.

Waits to get into the garage are not expected to be longer, he said, because the additional time required to swipe credit cards and wait for an entrance bar to rise should be offset by drivers’ lessened need to fumble for cash or put away change.

While officials are confident the new system will work like a charm, Chico said, plans call for extra garage workers to be on hand for events during the new system's break-in period, answering questions and taking care of unexpected problems.

For those who don’t want to have anything to do with parking machines, there’s always valet parking at $23 a pop -- not counting tip. Or the subway -- $5 for an all-day pass -- which stops a couple of blocks downhill.

RELATED:

Getty ends free evening parking, sets $10 fee after 5 p.m.

Music Center parking to become even more confusing

Trains, cars and parking lots: Getting to the Music Center isn't half the fun

-- Mike Boehm

Photo: A sign alerts Music Center garage users about its new automated system. Credit: Sherry Stern/Los Angeles Times

Tuesday, December 20, 2011

Making Money Work

Top-Ranking Social Music Making App Developer Smule Acquires Khush

Leading mobile developers join forces to redefine the $65B market for musical entertainment

Palo Alto, California, December 1, 2011 - Smule, creators of top-ranking social music making apps including Magic Piano™, Ocarina, I Am™ T-Pain, Glee Karaoke, and MadPad™, announced today that it has acquired Khush, an intelligent music app developer and creator of popular apps, Songify and LaDiDa™. The acquisition, a combined cash and stock deal which closed this week, brings together complimentary visions, technologies and teams.

"The Khush team brings world-class innovation, unique technological talent, and a passionately shared vision for the future," said Jeffrey C. Smith, co-founder and CEO of Smule. "Joining forces with Khush represents the next step in our plan to bring accessible, fun, and sometimes bizarre music making experiences to everyone."

Smule and Khush are leading innovators in the rapidly growing market for mobile entertainment. Together, the companies' customers have downloaded nearly 30 million apps and created more than 350 million songs. Combined, Smule and Khush experienced more than 500% user growth over the past 12 months.

"Our goal is to make musical self-expression as ubiquitous as social expression is today," said Prerna Gupta, co-founder and CEO of Khush. "The success of apps like Songify and Magic Piano has brought to bear our belief that all humans are inherently creative, and we are thrilled to be uniting with Smule in our common quest for a musical utopia."

• Songify (Khush), a top ranked app with more than 5 million downloads, magically creates songs from a user's spoken words, allowing you to Songify everyday aspects of your life, including perhaps your love of pets such as cats or even a skirmish with police.

• Ocarina (Smule) downloaded more than 6 million times, converts your phone into a flute-like instrument, sensitive to your breath, touch, and tilt.

• Magic Piano™ (Smule), downloaded more than 6 million times, allows everyone ranging from a toddler to a Juilliard grad to earn scores by playing their favorite songs, spanning from Lady Gaga's "Bad Romance" to Beethoven's Pathetique sonata. Magic Piano users collectively play more than 1 million songs a day, striking 25 million notes per hour on average.

"The market for musical entertainment has changed dramatically since the arrival of Apple's iPhone just over three years ago," Smith continued. "People are looking for more than MP3 downloads and streams; instead, they want interactive, immersive, and social experiences. By combining with our friends at Khush, we have the opportunity to emerge as a principal actor redefining the $65B market for musical entertainment."

Both companies share deep academic roots. Dr. Ge Wang, co-founder and Chief Creative Officer of Smule, is an assistant professor at Stanford University in the Center for Computer Research in Music and Acoustics (CCRMA). Dr. Parag Chordia, co-founder and Chief Technical Officer of Khush, is a professor of computer music at Georgia Tech and serves as the director of the Georgia Tech Music Intelligence Lab.

The Khush team will remain in Atlanta, GA, will continue to function as an independent studio under the Khush brand, and will increasingly leverage Smule's Sonic Network, a social fabric allowing users to create and explore music together.

There are a a set of work-related trends that seem to sketch a scenario that could mean the end of of the office.

A recent Gallup study found that 71 percent of US workers are “not engaged” or are “actively disengaged” in their work. This suggests that only a third of American workers are deeply engaged in their jobs, which is at least a serious challenge for businesses, and perhaps a serious threat. And the proportion of disengaged seems to be rising.

New scientific evidence is emerging about the benefits of telework (or telecommuting), supporting anecdotal knowledge about workers’ desire to work outside of the office. (We’ll be digging more into these kinds of topics at Net:Work on Dec. 8.) Stanford University partnered with a Chinese travel agency to find out if teleworkers were more productive, as reported by Ray Fisman at Slate:

Within a few weeks, the performance of the telecommuting group started to pull away from their cubicle-bound counterparts. Over the duration of the experiment, home workers answered 15 percent more calls, partly because each hour was 4 percent more productive, and partly because home office employees spent 11 percent more time answering phone calls. (Home workers took fewer breaks and sick days, rarely arrived late to their desks, and had fewer distractions.) While answering more calls, the distractions of home life had no impact on the quality of service: The home-work group converted phone calls into sales at exactly the same rate as those in the office. And employees themselves liked the arrangement better, making it look like a win-win for the company. The home-work group reported less “work exhaustion,” a more positive attitude towards their jobs, and were nearly 50 percent less likely to say they were planning to quit at the end of the eight months. (In fact the quit rate among home-office workers during the experiment was about one-half of what it was for those making the commute.)

And the same sort of business thinking that is interested in productivity of telework also starts to extrapolate about the impacts. If 40 percent of workers — in general — are working out of the office, that means 40 percent of office space — and associated expenses, like furniture, energy, and cleaning — might be productively invested elsewhere. In a 2007 Businessweek report, it was estimated that as much as 60 percent of offices space is “a dead zone of darkened doorways and wasting cubes,” and some have estimated that $600B is wasted in direct costs, leaving aside the externalities like impact to the environment, and the costs that employees incur commuting.

Sara Horowitz recently made the case that we really don’t know the makeup of the US workforce any longer, since the US government stopped counting independent workers in any systematic way. However, her research at the Freelancers Union — she’s the founder — indicate that as much as one third of our workforce participates in the rapidly growing freelance economy.

Connecting The Dots

These seemingly independent trends are tied together by the changing mindset of the people doing the work. Young people in particular are increasingly disinclined to commute to a distant office for the sake of ‘face time’, but many people of all ages have personal reasons for wanting to work in a ‘results-only work environment’, where getting the job done becomes the core principle surrounding work.

Giving workers more control of their lives — giving them back many hours of time per week not spent in commuting and pointless meetings, letting them decide when to do what, and putting money in their pockets by cutting commuting costs — has a very serious impact on morale. As the Chinese travel agency example shows, many of the workers reported less ‘work exhaustion’ and were less likely to quit. That seems like a direct antidote to the unengagement risks that Gallup reports US companies are running.

And people moving into telework and results-only work models will need new tools — like the stream-based work media tools I discussed in a recent post here on GigaOM. But with ubiquitous connectivity, mobile devices, and the proliferation of work media, the technological infrastructure to support telework is very low-cost, and requires basically zero training.

What’s Missing? The Second Place.

But there is a factor that is a potential hiccup. Many folks that adopt a telework or freelance work model and opt to work from home quickly come to miss the social aspect of their old work place.

In the US and Western countries, there has been a growing adoption of coworking spaces, where freelancers, employees of small businesses, or teleworkers can get the best of both worlds: they can work from a work space close to their home — thereby avoiding a long distance commute — but at the same time they can have the support and stimulation that comes from social interaction with well-known people other than your family.

Ray Oldenburg, the urban sociologist, is best known for his notion of the Third Place, like the corner bar, the cafe, or the barber shop, where we can interact with people that we don’t know well, and perhaps with whom we have little in common. He argued that such places are critically import to the health of cities and out societies. He took almost as a given that people would continue their relationship with First and Second Places, the home and the workplace, respectively. But the trends of telework and freelancing means that an increasing means the more people are spending less time in official Second Places, and more at home and Starbucks. But as wonderful as working in a café is, there is definitely a great deal missing.

So it’s no real surprise that the coworking movement is growing at a pace that seems closely linked to the number of people jumping into telework or out of the traditional workplace. Deskmag states there are now more than 1,100 coworking spaces worldwide, more than double the number in 2006. Loosecubes, a service set up to help people find coworking spaces, is tracking over 1,400 locations in over 500 cities, globally.

According to Carsten Foetrsch of deskmag, 72 percent of all coworking spaces become profitable after 2 years of operation, and for privately-run spaces, the number is even higher: 87 percent . So the economics for those interested in setting up and running coworking spaces is compelling.

A Virtuous Cycle?

Looking from a economics viewpoint, all the players have economic motivations to support coworking:

The office worker saves significant expense and time by decreasing commute time, and those with the longest commutes should have the strongest motivation to shift to telework. Therefore, there is a steady migration to telework as businesses adopt policies to support it.

Businesses have a strong incentive to increase employee morale and productivity, and to decrease expenses related to the increasingly large percentage of their office space that is underutilized. Even if businesses have to subsidize coworking space use by teleworkers, the net savings are significant.

As the number of freelancers and teleworkers increase, the demand for coworking space grows, since people need the strong social connections historically offered in the workplace, not just the chance connections afforded by sharing a table in Starbucks.

Entrepreneurs have strong incentives to create coworking spaces: partly to serve as their own base of operations, but also as a business proposition of its own. Note that the desire of businesses to shed unneeded office space in our down economy also provides lower cost space in which to set up shop.

When you look at it as a system, coworking is a complex societal dance, where the various players are each seeking to maximize their personal economic situation, and it leads to a new social reintegration. And the result of this migration of workers from the office to the coworking space is a net benefit for the world, too: the decrease in energy use for the unused office space and the decrease in commuting translates into decreased carbon footprints for all involved.

Coworking may turn out to be the pivot in today’s post-industrial transformation of work: a shining example, perhaps, of how large-scale positive change at the societal level can emerge peacefully from the independent pursuit of personal ends.

Stowe Boyd writes and speaks about social tools and their impact on media, business and society. A GigaOM Pro analyst, Boyd also writes at stoweboyd.com and is working on a new book about the rise of a socially augmented world, called Liquid City: A Liquid, Not A Solid; A City, Not A Machine. Stowe will be speaking about co-working at Net:Work.

Image courtesy of Flickr userRob Pearce.

Related research and analysis from GigaOM Pro:
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The Future of Work Platforms: An Overview
Millennials in the enterprise, part 1: strategies for supporting the new digital workforce
Flash analysis: Steve Jobs

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Monday, December 19, 2011

Advice on pinpointing the best option carpet cleaning corporation to your place.

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Thursday, December 15, 2011

the key reason why you ought to work with a qualified appliance repair service Appliance Repair Chicago

Tips on hiring an appliance repair service

1. For virtually any options including buying a major appliance repair organization, acquire advice to begin various appliance repair companies from men and women whoever viewpoints you confidence, including your family and also close friends who have got encounters inside employing appliance repair products and services just before
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2. Contemplate whether it is much more cost-effective for you to merely useless the applying to get a brand-new just one compared to to possess it mended by way of a specialized. Free quotes is also given by numerous appliance repair chicago
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.

3. Yet another factor that may help you to take into consideration whether or not you need to retain the services of an expert appliance repair tech is the standard life expectancy of kitchen appliance. Execute a tiny online investigation to find out if the kitchen appliance may be too aged and when repairing it will you need to be some sort of squander involving dollars and also occasion
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.

7. If you have the particular knack correctly as well as would rather perform technical home vehicle repairs on your own, you must behave like an established and also use security cups and also steel-toed safe practices shoes and boots. It is usually wise practice for you to unplug the appliance first before even thinking about unscrewing whatever. Well-defined edges are present on the inside dryers so you has to be cautious whenever working away at one
.

Why you should hire a professional appliance repair service?

Getting a specialist to accomplish a good appliance repair help keep anyone via losing your time tinkering with this ins and outs of an house equipment you don't understand. Wanting to remedy it alone could even lead to more injury on your own product. You will discover countless affordable appliance repair solutions staying marketed online as well as around the phonebook. You are able to always get in touch with the most appropriate one that can fix whatsoever not working machine you might have in the home
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Specialists whom present house repair providers are available on-line or perhaps about the phonebook, and also many are willing to occur more than or perhaps speak to anyone about the mobile phone to supply totally free quotations about feasible prices pertaining to fixing a specific property equipment
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What to look for when hiring a professional appliance repair service?

Ask coming from relations and also close friends first for suggestions. People in whose opinions people have confidence in are the top way to obtain facts regarding other house appliance repair solutions they have tried out prior to.

If you are using often an on the net appliance repair forum as well as a great on the internet advertising campaign of a commercial appliance repair corporation, then you definately need to make sure so it states “licensed and insured” so that you can make sure that you'll be obtaining products and services at a skilled who may have been subject to a new official appliance repair training. The company’s talk about permit also need to be something else that you should look out for. Your permission amount needs to be good and the insurance policy should be current. Additionally, you must analysis about how precisely very long which appliance repair business has been in business as well as which destinations this runs; a company having a large amount of regional background tends to be much more trusted because it is going through particular plans to hold the professional status in the market. An additional important things to prevent disregard although trying to find the appliance repair service is usually set up corporation is actually outlined with key web internet directories much like the orange webpages, Google atlases, Yahoo neighborhood, etc. The item have to be stated somewhere; an incredibly obscure just one could just be a great new startup company or even a rip-off. You will need to in addition remember that appliance repair chicago
which often advertise seriously may perhaps cost a lot higher than individuals modest local ones that count a smaller amount about advertising yet hefty within the word-of-mouth propagate in their very good fix companies.

When you've got lastly decided on which appliance repair firm to visit using, you could possibly ask pointedly in regards to the brand of the specialist who'll become arranging anyone as well as rapidly consult to be able to talk with your ex primary. At this point, it is suggested that you just request this specialist how much time she or he has been repairing home equipment. Supply the technician the facts with the problem. Present each of the signs thus that he or she could visualize probable reasons for the applying breakdown. This specialist will likely offer you some possible causes for the machine issues also just before they provides the chance to appear above to your house. And finally, obtain the estimation on the fix charge once you have discussed the condition. An expert tech is obviously inclined to provide a single

It’s vital that you remember that when you are searching for an appliance repair organization, make sure you check their reputation. Find out what some other prior clients need to state concerning them. Check out: www.aaaasc.com to learn more concerning tracking down an established appliance repair in Chicago or perhaps lookup by using appliance repair Chicago. Once you've the website, check out their particular program locations to see should they possess insurance coverage exactly where your home is situated. Next phone the number to your location as well as routine a consultation.

Saturday, December 3, 2011

Making Money Now

Friday, December 2, 2011

foreclosure law

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