Tag: wwgd

  • Davos08: Journalistic innovation

    I ask the session on innovation (see the post below) for advice: I tell them that I’ve jsut about given up on seeing innovation from the newspaper industry and so I am thinking about getting a grant to start an incubator. I ask the room whether I should and if I should what it should be.

    Larry Keeley says that networks outside of newspapers are 700 percent more innovative (yes, he has a way to measure that, which I’ll get). So he suggests creating an award, like the X prize, to motivate innovators. He’s thinking about the Pulitzer of blogs but I’ll disagree with that since I think the Pulitzers skew journalists to do show-off work that’s not often useful; it’s too inward thinking. But an X prize for a company that solves a problem, now that’s interesting.

  • DLD: Wales v. Calacanis

    Jason Calacanis makes the case for human v. algorithmic (SEOed or spammed) search and then shows off his apple pie and his new social network. Jimmy Wales says what we need is more transparency and openness in search. “This is something that has benefited us across the internet,” he says. David Kirkpatrick, the moderator, says that given Google’s incredible growth, people are satisfied with search. Calacanis mentions a study that says 60 percent are dissatisfied (anybody have that citation?). Jimmy says that the leading search engines — Google, Yahoo, Ask — return essentially equivalent-quality results. So he argues that they compete on brand.

    Marissa Meyer of Google is sitting in the front row right in front of them. I’m betting she’s not scared. She’s the fourth member of the panel just by her presence.

    Jimmy says that Wikia will have not only the functions Jason’s Mahalo has but also user-submitted algorithms. This goes to yesterday’s theme of software being content — and open software requires open algorithms. Jason says he doesn’t think Jimmy will be unsuccessful trying to “jump in front of the Google train” in algorithms.

    Jason says that he has a “pretty good suspicion” that Google is using people to clean up results. Marissa shakes her head no.

    Jason says he has 60 fullitme people and 400 freelancers. “I believe in paying people for work,” he says; his zing on Jimmy. “I’m a writer by trade and I take offense when people try to devalue writing.” Do you think this way about Wikipedia, Kirkpatrick asks.

    “There’s a very strange element to it, cult-like some people would say, that they want content to be free.” Jimmy responds: “Nobody works for free… What people do for free is have fun…. We don’t look at basketball games and people playing on the weekends and say these people are really suckers doing this for free.”

    Jason has his teeth in the leg. He says it’s hypocritical that “everybody in the Web 2.0 industry should become millionaires and billionaires except for the writers.”

    Jimmy: “To me this like the debate we got over a long time ago because it was so stupid that open-source software is communism.”

    Yes. It’s about aligned interests.

    Kirkpatrick pushes Jimmy and says he has a chicken-egg problem: Wikia is getting “terrible reviews” and he needs people to build the product but he needs the product to attract the people. Jimmy agrees about the chickena and the egg and says the bad reviews also hatched ore audience.

    “If you’re going to come in the search space you need to invest at least $50 million to do this… This is not for the faint of heart. A major of search companies fail.”

    Jimmy says it will take at least two years to get to industry-standard results.

    Marissa from the front row says that it’s a mistake to return to the human-created directory. she agrees with them that there’s a false-dichotomy to look at this as all algorithmic or all human and, as Jimmy pointed, out, Pagerank is edited by humans — engineers, he says, but humans. She pushes back on Jason’s model of trust and says that may not be the right model; expertise matters.

    “I agree with everything you said,” Jason says. “Can I go work for you?”

    Esther Dyson says the problem with their model is the long tail. If she were starting a company she’d do somethign else. “Ok, I’m going to kill myself now,” Jason said. Punch line. He says that the fat tail will be human, the medium tale social, the long tail algorithmic. And he says that the advertising interest is in the fat tail.

    Michael Arrington says he was very tough on Wikia when it started but has “promising aspects.” He returns to the playing basketball for fun question and says “that there are very few examples of for-profit companies getting people to do their work.” Not sure I buy that as a rule. He acknowledges Digg. I’m seeing networked journalism. I do believe in sharing revenue (a better model than staff work given the business realities today). Jimmy responds that “if we ask people to do work we will fail” but if he provides tools they want to use for their purposes they will succeed.

    At the end, I ask about advertising and whether they will concentrate on the fat-tail brand, display ads and Google will have the scale to do automated advertising. Turns out that Jason will likely turn over all his inventory to Google to start and then, as with similar companies, will grow sold advertising. As the last word, Jimmy says, amazingly, that he hasn’t thought about advertising.

  • DLD: Change

    The first panel is filled with old titans — Hubert Burda, Joseph Vardi, Martin Sorrell, Richard Wurman, Joe Schoendorf with moderator David Kirkpatrick — and it is good to hear them embrace change and optimism about its impact.

    Schoendorf says that soon there will be more video cameras on earth than people. Burda talks about all the ways people have to broadcast that video. At this moment, Jason Calacanis is here trying to do so from his cell phone.
    Right now, Jason Ca

    Sorrell is worried. He’s not worried about recession; he says we shouldn’t fret about that until at least 2009. He is worried about the fate of Western Europe (though he’s rooting for the conservative leaders Merkel and Sarkozy to succeed); this is why he’s betting WPP’s fate on Asia. If he were 25 and from Western Europe, he says, he’d leave. He’s worried about some clever PhD inventing the next company, the next Google, but he’s worried that won’t be in Palo Alto but will be in Bangalore. Burda adds that media is not just content but is also software — “We still believe that a website with 40 editors is better than a web site with 20 editors” and we don’t pay enough attention to the software, he says. So he worried that European PhDs don’t invent algorithms. (It’s refreshing for me, an American, to hear so much discussion of Europe; American conferences are always so American-centric.)

    Asked, though about the U.S. — and whether we’re headed down — Sorrell says it is always a mistake to underestimate Americans. He says that years ago, we thought Japan would dominate but “post-Reagan” America rose. We know what kind of leaders he likes. “Don’t underestimate the resourcefulness of Americans and their entrepreneurial culture,” he says.

    Sorrell talks about the N11, the next countries after China, India, and the usual crowd. I agree: I wonder whether we’ll see a China bubble because everybody but everybody is betting futures on it and I doubt — given their amoral economy that poisons their people, American customers and pets, and their environment — whether they are ready for the investment.

    Is Google too powerful? Burda responds that he was on a ski lift and asked the trainer how his business is. Great, the long-haired guy says. Why? Google. Right: more optimism about change. Google enables businesses. “Google has discovered millions and millions of new customers.” Amen. “If you sell ad pages two years from now you will make a long face. But you have to sell around the brand and around the brand will be very interesting opportunities for platforming.” Schoendorf says Google does not have a commanding market share of global advertising (a bit of a red herring; you can’t say that about the US and UK and Europe) so it is not a threat.

  • The social corporation

    Burda is the most social corporation I know. That’s no doubt because its chairman, Huburt Burda, loves people and playing host to them. I’ve been to dinners and parties from New York to Davos where he and his lieutenants bring together incredibly diverse and interesting bunches of people. They’ve just brought 1,000 people to Munich for their conference. I’ve seen that being a gracious host pay dividends to Burda. They bring in new ideas and talent and relationships. Most companies I know are not at all social. They live in their own buildings and worlds. Not just people are becoming more social. Companies must become social.

  • Exploding TV

    I’m at the Guardian Media Group’s offsite. Not planning to blog it. But I can’t help this: David Muir, CEO of WPP’s The Channel, gives the agency’s ad share projections for the UK. Online is now at 25% (far ahead of the U.S., by the way) and they predict it will surpass TV — and all other media — next year. But he cautioned that 79% of that online advertising goes to search. Google is God.

    CORRECTION: I missed a step in the math. Muir says that search takes 79 percent of online advertising and that Google, in turn, takes an estimated 75 percent of that, three-quarters of three-quarters.