The point of all this is that it doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because…
All that matters in business is that you get it right once. Then everyone can tell you how lucky you are.
You’ve already seen musicians use the internet to get around distribution of music via record companies. Radiohead is in a unique position to be able to do it and likely never look back, eventually others will as well.
Its only natural that other artists, such as television and movie writers, move their content to the web as well on a massive scale. This is nothing new, people have been doing it for years now. However the writer’s strike is forcing more content creators to really analyze the system they’re working in currently and consider a competely new model.
Moving to a digital platform, they own the content, the distribution, and editorial control. That is any artists dream.
I regularly go to Landmark Coffee, the coffee shop next door to the Starbucks near my office. I’m not particularly anti-Starbucks, I just think Landmark has better coffee. I go to Starbucks for the free WiFi, not from Starbucks, (they charge for WiFi) but from the dozen or so unsecured signals floating on that corner of Newark and Hudson street.
For the record, La Isla has the best coffee in Hoboken, in my opinion, and I tend to go there the most, but La Isla is actually a Cuban restaurant/lunchenette.
Google is an awesome example of #1. Tumblr is a fantastic example of #2.
Tumblr does very little that is ‘new’, and everything it does was already possible (and presumably still easy to replicate). However, it pulls together familiar things in such a controlled way, that a culture has sprung up around it that is NOT easy for a would-be clone to duplicate.
The point is, if you have an idea for a startup, a website, or a different way of doing things, it doesn’t have to be complicated, radical, or “mind blowing”.
It can be simple if it’s well-executed and creates new, interesting ways for people to interact.
I feel like I have arrived at the ground floor of many interesting moments in my life but only occassionally fully capitalized on the opportunites.
Back in 1996, when the internet was just beginning to start to take shape as a consumer platform, I bought a lot of domain names and made some pretty decent cash flipping them. While I did ok financially making some extra cash while in college doing it, I wonder if I could have really made some ‘fuck you’ money if I fully realized some of the opportunities that were there for the taking.
Hindsight is 20/20 I guess, and thats what is the difference in business when people have the forsight to see into the future. The funny thing is that today, domain names mean very little because instead of using commonly accepted language, people tend to create their own vernacular around their products, tumblr being a perfect example (twitter, digg, hulu, and others reinforce that fact.)
However 10 or so years ago, which by the way is amazing to me that time has flown by that quickly, people were snapping up vocabularly as real estate in the form of domain names. The gold rush was real, and money was made, but soon people realized it didn’t matter so much what you called it so long as you were able to get your message out to enough people to remember it.
I’ve had other ground floor opportunities that I was lucky enough to discover over the years after that, some I capitalized on and others I foolishly did not cease upon. The lesson learned is a tough one, but it heightens your senses to know which ones not to pass on in the future.
The company announced two weeks ago that it was seeking a separate deal with the guild that would permit the two World Wide Pants show to return to the air. The talks seemed to be at an impasse until today when the deal was completed.
“Wireless power. I read about a recent experiment at MIT that transferred power over a two-meter distance, powering a 60-watt lightbulb. Imagine a city blanketed in wireless power—I’d be the first to toss my laptop’s brick power adapter.”— Kevin Rose, PopSci.com
Lizzie:They've done research - for every 1 album sold on iTunes, they sell 19 singles.
Julia:Albums as a means of distributing music are being phased out.
Lizzie:Exactly. They have a product, but no idea how to profit from it. I talked with Universal Music and asked them, "instead of giving your artists 250k for an album, have you discussed contracting them to provide you with singles on an ongoing, regular basis? Like, 25k for a song, with an option for a new one in three months, if that sells well. Or a contract for 10 songs over the course of the next three years."
Lizzie:Another thing the music industry is beginning to do is what they call "360 degree deals."
Julia:Like Madonna with Live Nation?
Lizzie:Yes. So they make money off of the tours, the product endorsements, teeshirts, etc.
Julia:Ultimately, they still have a product people want ... badly. They just have to be more creative about selling it.