links for 2005-09-22
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Great blog posting from Rob Walling on hiring like crazy
links for 2005-08-19
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Entrepreneur Bernard Moon does a great job of articulating “how to build the perfect team” for your new startup
links for 2005-12-02
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Good quick point of view on what makes a great employee in a startup.
links for 2005-11-26
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Charlie O’Donnell from Union Square Ventures has a great post about LinkedIn, its limitations, and some things it could do to be MUCH cooler and more useful.
Book short: Blink
Book short:Â Blink
Blink, by Malcolm Gladwell, is a must read for marketers, entrepreneurs, and VCs alike, just as is the case with Gladwell’s first book, The Tipping Point.
Where The Tipping Point theorizes about how humans relate to each other and how fads start and flourish in our society, Blink theorizes about how humans make decisions and about the interplay between the subconscious, learned expertise, and real-time inputs. But Gladwell does more than theorize — he has plenty of real world examples which seem quite plausible, and he peppers the book with evidence from some (though hardly a complete coverage of relevant) scientific and quasi-scientific studies.
Blink for Entrepreneurs/CEOs: What’s the most critical lesson in Malcolm Gladwell’s Blink, as it relates to entrepreneurs/CEOs? It’s about bias in hiring. Most of us make judgments about potential new hires quite quickly in the initial interview. The symphony example in the book is the most painfully poignant — most major symphony orchestras hired extremely few women until they started conducting auditions behind a screen. It’s not clear to me yet how to stop or even shrink hiring bias, but I suspect the answer lies in pre-interview work around defining specific criteria for the job and scoring all candidates on the same set of criteria.
Blink for VCs: What’s the most critical lesson in Malcolm Gladwell’s Blink, as it relates to VCs? It’s about picking companies to back. Even VCs who are virtuosos, as Gladwell would call them, can make poor judgments on companies to back based on their own personal reaction to a company’s product or service, as opposed to the broader marketplace’s reaction. Someone poured a whole lot of money into Webvan, Pets.com, eToys, and the like.
Blink for Marketers: What’s the most critical lesson in Malcolm Gladwell’s Blink, as it relates to Marketers? It’s the importance of multivariate regression testing. No, really, I’m not kidding, although there’s no doubt a less math-y way of saying it — “test everything.” The Coca-Cola Company thought they were doing the right thing in creating New Coke because they were losing the Pepsi Challenge. But what they didn’t realize was that Pepsi (unintentionally or not) had suckered them into believing that the single-sip test was cause for reengineering a century of product, when in reality Coke was probably just being out-advertised. Christian Brothers Brandy was going out of its mind losing market share to competitor E&J until someone realized that they just needed to change the shape of their bottle.
If you haven’t yet done so, go buy the book! It’s a very quick read and incredibly thought provoking. And if you haven’t yet read The Tipping Point, it’s a must as well.
links for 2005-10-23
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Return Path’s newly unveiled web site is now a blog, with an online resource center for email marketers and postings by its executive team
links for 2005-11-16
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Jeff Jarvis on Why We’re Glad We’re New Media…good stats on all the troubles facing “old media” nowadays (box office, newspapers, music, radio, books)
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Fred Wilson on how VCs relate to entrepreneurs vs. their limited partners. They should think of entrepreneurs as their customers, and think of LPs as shareholders.
links for 2005-10-20
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Get your mind out of the gutter! These are very useful and oddly hard to find graphics for doing checklists in presentations (thanks to my colleague George Bilbrey for this link).
links for 2005-10-11
Book Short – Another Must-Read by Lencioni
Book Short – Another Must-Read by Lencioni
The Ideal Team Player: How to Recognize and Cultivate The Three Essential Virtues (hardcover,kindle is Patrick Lencioni’s latest and greatest. It’s not my favorite of his, which is still The Advantage (post,buy ), but it’s pretty good and well worth a read. It builds on his model for accountability in The Five Dysfunctions of a Team (post,buy)and brings it back to “how can you spot or develop and a good team player?”
The central thesis of the book is that great team players have three attributes – hungry, humble, and people-smart. While I can’t disagree with those three things, as with all consultants’ frameworks, I sound two cautionary notes: (1) they aren’t the absolute truth, just a truth, and (2) different organizations and different cultures sometimes thrive with different recipes. That said, certainly for my company, this framework rings true, if not the only truth.
Some great nuggets from the book:
-The basketball coach who says he loves kids who want to come to practice and work as hard as they can at practice to avoid losing
-The concept of Addition by Addition and Addition by Subtraction in the same book – both are real and true. The notion that three people can get more done than four if the fourth is a problem is VERY REAL
-When you’re desperate for people, you do stupid things – you bring people on who can get the job done but shouldn’t be in your environment. I don’t know a single CEO who hasn’t made this mistake, even knowing sometimes that they’re in the process of making it
The framing of the “edge” people – people who have two of the three virtues, but not the third, is quite good:
-Hungry and Humble but not People-Smart – The Accidental Mess Maker
-Humble and People-Smart, but not Hungry – The Lovable Slacker
-Hungry and People-Smart, but not Humble – The Skillful Politician
In my experience, and Lencioni may say this in the book, too (I can’t remember and can’t find it), none of these is great…but the last one is by far the most problematic for a culture that values teamwork and collaboration.
Anyway, I realize this is a long summary for a short book, but it’s worth buying and reading and having on your (real or virtual) shelf. In addition to the story, there are some REALLY GOOD interview guides/questions and team surveys in the back of the book.
In Search of Automated Relevance
In Search of Automated Relevance
A bunch of us had a free form meeting last week that started out as an Email Summit focused on protocols and ended up, as Brad put it, with us rolling around in the mud of a much broader and amorphous Messaging Summit. The participants (and some of their posts on the subject) in addition to me were Fred Wilson (pre, post), Brad Feld, Phil Hollows, Tom Evslin (pre, post), and Jeff Pulver (pre, post). And the discussion to some extent was inspired by and commented on Saul Hansell’s article in the New York Times about “Inbox 2.0” and how Yahoo, Google, and others are trying to make email a more relevant application in today’s world; and Chad Lorenz’s article in Slate called “The Death of Email” (this must be the 923rd article with that headline in the last 36 months) which talks about how email is transitioning to a key part of the online communications mix instead of the epicenter of online communications.
Ok, phew, that’s all the background.Â
With everyone else’s commentary on this subject already logged, most of which I agree with, I’ll add a different $0.02. The buzzword of the day in email marketing is “relevance.” So why can’t anyone figure out how to make an email client, or any messaging platform for that matter, that starts with that as the premise, even for 1:1 communications? I think about messaging relevance from two perspectives: the content, and the channel.
Content. In terms of the content of a message, I think of relevance as the combination of Relationship and Context. The relationship is all about my connection to you. Are you a friend, a friend of a friend, or someone I don’t know that’s trying to burrow your way onto my agenda for the day? Are you a business that I know and trust, are you a carefully screened and targeted offer coming from an affiliate of a business I trust, or are you a spammer?Â
But as important as the relationship is to the relevance of your message to me, the context is equally important. Let’s take Brad as an example. I know him in two distinct contexts: as one of my venture investors, and as an occasional running partner. A message from Brad (a trusted relationship) means very different things to me depending on its context. One might be much more relevant than the other at any moment in my life.
Channel. The channel through which I send or receive a message has an increasing amount to do with relevance as well. As with content, I think of channel relevance as the combination of two things – device, and technology. For me, the device is limited to three things, two with heavy overlap. The first is a fixed phone line – work or home (I still think cell service in this country leaves a lot to be desired). The second is a mobile device, which could mean voice but could also mean data. The third is a computer, whether desktop or laptop. In terms of technology, the list is growing by the day. Voice call, email, IM, Skype, text message, social network messaging, and on and on.
So what do I mean about channel relevance? Sometimes, I want to send a message by email from my smartphone. Sometimes I want to send a text message. Sometimes I want to make a phone call or just leave a voicemail. Sometimes I even want to blog or Twitter. I have yet to desire to send a message in Facebook, but I do sometimes via LinkedIn, so I’m sure I’ll get there. Same goes for the receiving side. Sometimes I want to read an email on my handheld. Sometimes a text message does the job, etc. Which channel and device I am interested in depends to some extent on the content of the message, per above, but sometimes it depends on what I’m doing and where I am.
So what? Starting to feel complex? It should be. It is. We all adjusted nicely when we added email to our lives 10 years ago. It added some communication overhead, but it took the place of some long form paper letters and some phone calls as well. Now that we seem to be adding new messaging channels every couple weeks, it’s becoming increasingly difficult to get the relevance right. Overlaying Content (Relationship and Context) with Channel (Device and Technology) creates a matrix that’s very difficult to navigate.
How do we get to a better place? Technology has to step in and save the day here. One of the big conclusions from our meeting was that no users care about or even know about the protocol – they just care about the client they interact with. Where’s the ultra flexible client that allows me to combine all these different channels, on different devices? Not a one-size-fits-all unified messaging service, but something that I can direct as I see fit? There are glimmers of hope out there – Gmail integrating IM and email…Simulscribe letting me read my voicemail as an email…Twitter allowing me to input via email, SMS, or web…even good old eFax emailing me a fax – but these just deal with two or three cells in an n-dimensional matrix.
As our CTO Andy Sautins says, software can do anything if it’s designed thoughtfully and if you have enough talent and time to write and test it. So I believe this “messaging client panacea” could exist if someone put his or her mind to it. One of the big questions I have about this software is whether or not relevance can be automated, to borrow a phrase from Stephanie Miller, our head of consulting. Sure, there is a ton of data to mine – but is there ever enough? Can a piece of software figure out on its own that I want to get a message from Brad about “running” (whatever channel it comes in on) as a text message on my smartphone if we’re talking about running together the next day, but otherwise as an RSS feed in the same folder as the posts from his running blog, but a voicemail from Brad about “running the company” (again, regardless of how he sends it) as an email automatically sorted to the top of my inbox? Or do I have to undertake an unmanageable amount of preference setting to get the software to behave the way I want it to behave? And oh by the way, should Brad have any say over how I receive the message, or do I have all the control? And does the latter question depend on whether Brad is a person or a company?
What does this mean for marketers? That’s the $64,000 question. I’m not sure if truly Automated Relevance is even an option today, but marketers can do their best to optimize all four components of my relevance equation: content via relationship and context, and channel via device and technology. A cocktail of permission, deep behavioral analysis, segmentation, smart targeting, and a simple but robust preference center probably gets you close enough. Better software that works across channels with built-in analytics – and a properly sized and whip smart marketing team – should get you the rest of the way there. But technology and practices are both a ways off from truly automated relevance today.
I hope this hasn’t been too much rolling around in the mud for you. All thoughts and comments (into my fancy new commenting system, Intense Debate) are welcome!