Quote of the week: Joe Kraus (CEO, Jotspot)

by No Comments »

A few posts back, I had Joe Kraus (CEO, JotSpot) as my guest on Episode #2
of the ETech@Work podcast. I realize
that Joe’s featured quite a lot on this blog, but he seems to have a lot of
wisdom (and experience) to share, so why not.


So, I was watching Joe’s
interview
on the Scoble Show
last week and, while some of what Joe says is similar to my interview, he also mentioned
quite a few things that were really different and that really struck me (Dang! Why didn’t he
say these on my interview?
). So, since Joe and Robert were my last two
podcast interviews, I thought it would only be appropriate and complementary to
feature these wise words from Joe’s interview with Scoble as this week’s QOTW…


Wikipedia has done an
amazing awareness job for what wikis are—even if Wikipedia isn’t a typical
use-case for what most people do with a wiki, I think it’s helped alert people
to what wikis are…

I think the web is on a
trend over the next 5 years, from being a monologue to a dialogue. So, the web
is moving from where writers write and readers read, to where readers and
writers are much more fluid; there’s very much less of a barrier between them.
And I think that habit for the mainstream takes probably 5–10 years to really come
in—all consumer habits take about that long to really become mainstream, but it’s
going to happen. And I think you’ll see that participatory nature be across
every website. It won’t just be limited to wikis, and I think you’ll see that with
anything from Facebook and MySpace, all the way up through what we’re doing at
JotSpot…

I really believe that
email has been the launching pad for several different technologies that really
result out of the fact that, when email breaks down for this particular task,
something new springs up. And a good example of that is instant messaging.
So, 10 years ago we did
instant messaging over email…and people realized that was
really inefficient to do over email, so
instant messaging clients as a specialty
piece of software sprung out.

Well, there’s a big class
of email that I would call “request for response” that goes on today: “What do
you think of this word document?” “Oh I think it’s great—here are my changes.”
Now I have to retype and then send them out to people. That is very inefficient
done over email. It’s done so much now that it’s reaching the breaking point
[and] people are willing to look outside of the habit of email for something
new. And I think the thing that’s new that they’re looking towards is wikis…

I have a belief that the
biggest revolutions in technology have always been do-it-yourself revolutions. So,
when you give a non-technical person the ability to do what historically only a
technical person could do, pretty amazing things happen.


There’s a lot more insightful and interesting stuff on this
interview
(e.g. Joe references a Gartner study that suggests 50% of
businesses will have a wiki by 2009), so I would highly recommend taking the 33
or so minutes to watch the entire thing, though as stated by Brent Schlenker, the message would probably
have been just as effective in an audio-only format.

Overall,
I think this interview offers a really interesting perspective on a few things:

1. The
way the web is moving to a culture of participation
2. Where
wikis are heading (beyond the basic Wikipedia model)
3. How
useful wikis can be as a collaboration tool and as applications
4. What’s
working for Jot (in terms of business strategy, etc.)
5. Joe’s
usual pearls of wisdom for entrepreneurs


Share

GooTube: Google to Acquire YouTube?

by No Comments »

UPDATE (10/9/2006, 5.00pm EST):
It’s official!!! Google To Acquire YouTube for $1.65 Billion in
Stock
. You can also
read more about it at TechCrunch, Scobleizer and YahooNews.

If
you really want to get more in-depth info, there is a Webcast and Conference
call happening right now (10/9): The company will host a conference call and
webcast at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) today to discuss the
acquisition.  To access the conference call, please dial 800-289-0572
domestic and 913-981-5543 internationally.  A replay of the call will be
available until midnight Monday, October 16 at 888-203-1112 domestically and
719-457-0820 internationally.  Confirmation code for the replay is 2260624.




OK, so GooTube is a terrible
name (let’s hope they don’t call it that), but in case you haven’t heard the buzz going around last week, WSJ and NY Times (both behind subscription “pay-walls”) recently reported that Google
is in the process of negotiating a deal to acquire the immensely popular
video-sharing site, YouTube, at a cost of $1.6 billion. That’s right folks…I said
billion.

For those who are not
WSJ/NYT subscribers, here are a few good write-ups on the matter…

- http://www.macworld.com/news/2006/10/06/youtube/index.php
- http://www.techcrunch.com/2006/10/09/will-googletube-be-announced-this-week/
- http://www.techcrunch.com/2006/10/09/google-youtube-sign-more-separate-deals/
- and many more here: http://www.techmeme.com/061006/p77

If you’re trying to make
some sense of this deal and whether it’s really worth it for Google, then you
need to read Charlene Li’s (Pricipal Analyst, Forrester) great blog post on what it means—here’s an
excerpt:


Why would Google buy YouTube? To start, 35 million
users in the US
and 100 million daily video views. But it’s not just the sheer numbers that
grabs Google’s attention. YouTube is a gem because it figured out what Google,
Yahoo!, MSN, AOL, and all of the other video players in the marketplace
couldn’t – that it’s not about the video. It’s really about the community
that’s around the video…

Is YouTube worth $1.6B? You betcha. That’s 4
cents per video stream ($1.6B divided by 100 million daily views * 365 days)
and it’s still growing. Another way to think of it is that YouTube has roughly
50 million users (35M in the US
according to Nielsen NetRatings, and probably another 15M worldwide) which
comes out to $32 per user. It’s high, but it’s also reasonable…

The real opportunity for
YouTube is to create a completely different kind of advertising form, one that
is based on community engagement and involvement, rather than the traditional
interruptive style of advertising. Take a look at their home page – here’s a
screenshot from today. There’s a small text link to a “Follow the Finger” video
contest sponsored by Butterfinger
(screenshot also included). Advertisers are loathed to develop these special
campaigns together – they would much rather slap on existing banners and
promotions. But given the size and attractiveness of the YouTube audience, the
site can command not only top dollar with exclusiveness, but also demand that
advertisers adhere to specific standards that guarantee the best user
experience.


Also, if those aren’t convincing
enough reasons, then just look at YouTube’s latest announcement:


YouTube announced on Monday partnerships with
Universal Music Group, Sony BMG Music Entertainment and CBS that let their
artists' music and videos be included in original content posted on YouTube's
site.


I’m
sure that would make the deal with Google just a little bit sweeter and little
bit weightier. In fact, there was already early speculation of what YouTube
could be worth back in August, when Sony acquired Grouper for a hefty
$65 million, so I guess the $1.6B figure for YouTube comes as not much of a
surprise to those who have been following these trends.

So
what does this all mean? Well, let’s just say
virally-spread, online video sharing sites are hot-hot-hot at
the moment and traditional businesses are starting to leverage this technology (especially
with its roots so close to traditional media like TV) as a medium for
advertising, distribution, and attracting attention to their products and services.
And now that the 5 billion pound gorilla—Google—is planning on investing in this
resource, you can bet it will only get more and more popular.


Note: If you’re
interested in exploiting this medium and/or applying it to your business, then watch
this space later this week, as I’ll be blogging  about a recent talk I attended at Podcast Academy 4, where Tim
Street
(warning: link to FrenchMaidTV.com),
spoke about “Viral
Video—The Secret To Spreading Your Content
.

Share

ETech@Work Episode #003: Robert Scoble (Live @ Podcast Expo 2006)

by No Comments »

I’m finally back from Podcast Academy 4 and the 2006 Podcast & Portable Media Expo. I must say that both
events were excellent and even better than any of the previous ones that I had
been to previously (I’ve attended three Academies so far and the inaugural Expo
last year). I think part of it has to do with the rapid uptake and maturity of
podcasting in general, even if it has been only a year since the last expo. The
other thing that made it special was the community and how everyone is still so
willing to help each other—even the “celebrity-casters” were humbly walking
around talking, sharing, and partying with the rest of us “cattle-casters.”
I’ll blog more about the event over the next few days, but here’s something to
start it off…

So, one of my highlights at
the 2006 Podcast Expo was the opportunity to chat with the Scobleizer
himself—Robert Scoble. Most of you will
be familiar with Robert’s past position as Microsoft’s “chief blogging officer”,
his book
Naked
Conversations
, and more recently, his
move to PodTech Network.


Robert gave the “unkeynote”
lecture at Podango’s Un-conference at the
expo, where he drew the audience into a Q&A session about current and
future podcasting issues. I grabbed Robert after the event and spent the next
30-45 mins chatting with him about stuff and recording an interview. Overall, I
came away really impressed and amused by how humble, goofy, and geeky (all good
things!) Robert is in real life and I really appreciate his candor and
willingness to spend time talking to little ol’ me…And that’s exactly why this
community is so great! So, without any further delay, here’s the podcast…



ETech@Work / Episode #003
Released: October 4th, 2006
RSS Feed: http://feeds.feedburner.com/etechcast

Interview with Robert
Scoble
:
- VP, Media Development / www.podtech.net
(also see www.scobleshow.com)
- Author / Naked
Conversations

- (Former) Tech Evangelist / Microsoft
Corp.



In this episode, Shwen
talks to Robert about:
- Compelling ETech for biz
apps
- Getting ETech support in
corporate environments
- Most interesting uses of
ETech (Second Life)
- The Scoble Show (Robert’s
new PodTech Podcast)
- Quickfire round


CONTACT: shwen@etechcast.com
WEB: www.etechcast.com
BLOG: www.etechatwork.com

The aim of
ETech@Work is to explore emerging technologies and trends, and their
application in business
organizations.


Share
WP Theme & Icons by N.Design Studio
Entries RSS Comments RSS Log in