15 of your things are broken.
Advertising used to be about inspiration. Inspire people to consider your brand, inspire them creatively to engage with the brand, the brand as a creative inspiration. Inspiration has been replaced with fear.-by Uwe Hook
The advertising industry is filled with scared people. That fear creates a culture of land grabbing rather than collaboration. Executives asking for constant innovations from their agencies while their mid-level managers squash any innovative idea out of fear to lose their job. Every company talks about failing fast. Not many companies live up to their own talk. The fear creates a culture of never-ending POVs, data obsession as a safety belt, revisions of PowerPoint revisions and revisions of aforementioned revisions.
In the meantime, however, its evident that Snapchat’s spectacular valuation rise is not about how to discount the potential value stream from monetizing dirty pictures. Instead, it reflects the crazy dynamics of late stage financial bubbles. And on that score, Wolf Richter has hit the nail squarely on the head, as usual.
As he explains in today’s post, Snapchat’s spectacular valuation run-up is just a new and more sophisticated form of “pump and dump”. In this instance, the venture capital firms involved have apparently invested trivial amounts of chump change in the two recent funding rounds in order to peg dramatically higher paper valuations in preparation for an imminent IPO. In numeric terms they have invested less than $30 million since last November, meaning that they have been able to leverage an $8 billion valuation gain at a ratio of 266:1.
By strategically deploying less than $30 million, KPCB, and DST Global before it, have ratcheted up Snapchat’s valuation from $2 billion to $10 billion. With the stroke of a pen, in a deal negotiated behind closed doors, they have created an additional $8 billion in “wealth” that is now percolating through the minds of employees with stock options and through the books of the early investment funds.
There’s this great Andy Warhol quote you’ve probably seen before: “I think everybody should like everybody.” You can buy posters and plates with pictures of Warhol, looking like the cover of a Belle & Sebastian album, with that phrase plastered across his face in Helvetica. But the full quote, taken from a 1963 interview in Art News, is a great description of how we interact on social media today.
Warhol: Someone said that Brecht wanted everybody to think alike. I want everybody to think alike. But Brecht wanted to do it through Communism, in a way. Russia is doing it under government. It’s happening here all by itself without being under a strict government; so if it’s working without trying, why can’t it work without being Communist? Everybody looks alike and acts alike, and we’re getting more and more that way.
I think everybody should be a machine. I think everybody should like everybody.
Art News: Is that what Pop Art is all about?
Warhol: Yes. It’s liking things.
Art News: And liking things is like being a machine?
Warhol: Yes, because you do the same thing every time. You do it over and over again.
'Liking' is an economic act. I like everything. Or at least I did, for 48 hours. Literally everything Facebook sent my way, I liked—even if I hated it. I decided to embark on a campaign of conscious liking, to see how it would affect what Facebook showed me. I know this sounds like a stunt (and it was) but it was also genuinely just an open-ended experiment. I wasn’t sure how long I’d keep it up (48 hours was all I could stand) or what I’d learn (possibly nothing.)
Great post about Facebook’s dumb newsfeed algorithms. And by ‘dumb’, I just mean they do exactly what FB wants them to do, which is nothing for users of FB. For 48 hours, Mat Honan liked everything in his FB newsfeed, and he documented how Facebook modified his feed as a result.
Is there any cute animal 3D printing can’t save? Just look at TurboRoo, a tiny Chihuahua born without front legs, who has been given a new “leash” on life thanks to a Makerbot and a 3D designer from 3dyn.
The founders are also bracing for potential complications from an app that asks anonymous users to judge a neighborhood’s sketchiness. After all, fear can be subjective. And the site could be vulnerable to criticisms regarding the degree to which race is used to profile a neighborhood.
“We understand that people will see this issue,” Ms. McGuire said. “And even though Dan and I are admittedly both young, white people, the app is not built for us as young, white people. As far as we’re concerned, racial profiling is ‘sketchy’ and we are trying to empower users to report incidents of racism against them and define their own experience of the streets.”
Sure, makes total sense. What could go wrong?
Shortly after Kathryn Tucker started RedRover, an app that showcases local events for kids, she pitched the idea to an angel investor at a New York tech event. But it didn’t go over well.(via This Is What Tech’s Ugly Gender Problem Really Looks Like | Business | WIRED)
When she finished her pitch, the investor said he didn’t invest in women. When she asked why, he told her. “I don’t like the way women think,” he said. “They haven’t mastered linear thinking.” To prove his point, he explained that his wife could never prioritize her to-do lists properly. And then, as if he was trying to compliment her, he told Tucker she was different. “You’re more male,” he said.
Tucker didn’t need to hear any more. “I said, ‘Thanks very much,’ walked out, and never spoke to him again,” she recalled earlier this year, as part of a panel discussion on “fundraising while female” at the annual Internet Week conference in New York.
It was one of many stories shared during a panel that painted the tech world as a place that—for all its efforts to push into the future with apps and gadgets and online services—is still very much stuck in the past when it comes to attitudes involving gender.
Rachel Sklar, founder of Change the Ratio, an advocacy group for women in tech, shared the story of an investor who said he doesn’t invest in women he doesn’t find attractive. Another gave women in the audience a tip for pitching VCs: “Wear a wedding ring.”
Employer wants to pay you $8 an hour (24 hrs/week, or $192 before taxes) to work in New York City! How will you ever spend all that sweet Flavorpill cash?
- Maintain an office culture that is aligned with Flavorpill’s mission and values.
- Ensure common areas and meeting spaces are functional and neat.
- Troubleshoot technical issues with support of our IT department.
- Purchasing office supplies, snacks, paper products, hardware.
- Maintain relationships with our suppliers & develop new ones as the office grows.
- Coordinate and book occasional travel/healthy meals for Flavorpill Executives.
- Help visitors and new hires feel at home in our beautiful remodeled, office space - providing visitors with coffee/tea/water.
- Purchase healthy, locally produced snacks and beverages.
- Maintain sustainability practices within the office: recycling, compost.
- Plan special events and office celebrations with style and flair! Assisting in other departments as need arises.
- You are a passionate consumer of culture.
- You have at least 1 year of work experience in an office, creative business or in a coffee shop (bonus points for foam art!)
- Big plus if you’re a foodie/coffee lover and excited to engage in provisioning and catering for the office. You are positive and friendly - you will be the first face visitors will see in the office.
- You have a professional demeanor over the phone.
- Pro-active problem-solver and troubleshooter.
- You’re handy with tools and capable of simple repairs and installations.
- Good organization and time management skills
- You are committed to sustainability and not afraid to get your hands dirty.
Type: P/T Temporary Employee (24 hours/wk) with potential to become F/T Permanent Employee
Uber has rating system for Drivers and Passengers. Both can rate each other. Uber doesn’t give any easy way for users to find their rating. Follow steps below to find your rating. Either download the chrome extension or follow instructions manually.
How do Uber drivers ever find anybody? That pin isn’t even on W19th Street. If I want to be picked up on the wrong block, most yellow cabs will be happy to do that.
'You Are Not A Storyteller'
-Stefan Sagmeister, of the design firm Sagmeister & Walsh
…However, when I first heard that Amazon was ready to announce its Kindle Unlimited service — I was interested.
Given the breadth and depth of Kindle library — at $10-a-month, it seemed like a bargain. Especially, considering I normally end up buying three-to-four ebooks a month. So, when the service became available, I quickly signed up and very quickly realized that Kindle Unlimited was less than interesting.
Sure there is Harry Porter and some other well known books, but frankly going back and reading those books is not how l like to spend my time. Books are my time machine: taking me to places I have not travelled — both physical and metaphorical. That is why I read books — mostly to learn and imagine.
And just as quickly, I signed up for Kindle Unlimited, I unsubscribed. $120-a-year is just too much money to experiment with the service. It is even less interesting from book selection perspective than its rivals, if you ask me.
I hate Amazon.
But this is sort of what happens when people think the main thing to take into account when buying a book is whether or not they’re getting a ‘bargain’.
So who the hell pays for billboards threatening waitstaff with redundancy if they demand a living wage? A bit of digging and clicking reveals that the campaign is backed by Employment Policies Institute, the conservative lobbying group which regularly campaigns on behalf of the restaurant industry.
San Francisco, 2014
I hate PandoDaily, but credit where credit is due. They spotted this dumb sign and they found out who was paying for it. I suppose the question is, who’s paying the people who paid for the ad?