Random Stuff, Venture Capital & Technology Charlie O'Donnell Random Stuff, Venture Capital & Technology Charlie O'Donnell

Love and Startups

I want to find someone who not only loves me, but lets themselves experience love and doesn't worry about the chances of things actually working out. 

Relationships are like startups.  If you join one because you think it will be successful, versus just joining one because its interesting, worthwhile, and its something you're passionate about--regardless of its ultimate chance of success--then you shouldn't be in one.  Most relationships, like most startups, don't last forever.  They're also completely unpredictable, so you just find good people, communicate well, and do your best.

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Venture Capital & Technology Charlie O'Donnell Venture Capital & Technology Charlie O'Donnell

New goal: Meet everyone on the SA 100 List

The other day I was thinking about the NYC tech community and how most of the events I've been to lately are about up and comers, which is great, but I feel like I still have a lot to learn from those who are a lot more experienced.

So, I'm going to try to make a concerted effort to meet up with more folks that have had prior successes and try to learn from them.  Hopefully, they'll get something out of meeting me as well. 

Seems I've met about a third of the list already...  I don't know if I'll get to all of these folks (how likely is it that Barry Diller will grab a Jamba Juice with me, right?), but given the aggregate wisdom of these folks, I think it's a worthwhile pursuit.

Here's where I'm starting from:

 

The 2007 Silicon Alley 100 1. Michael Bloomberg - Been to Internet Week kickoff at Gracie Mansion: NEVER MET 2. Barry Diller: NEVER MET 3. Fred Wilson - Worked for 4. Alan Patricof - Met at USV while he was out gathering feedback on starting Greycroft 5. Scott Heiferman - Who hasn't met Scott? 6. Tim Armstrong - NEVER MET 7. Nick Denton - NEVER MET 8. Quincy Smith - NEVER MET 9. Esther Dyson - Met through NY Angels meetings, del.icio.us angel meetings 10. Bob Pittman - NEVER MET 11. Randy Falco - NEVER MET 12. Ken Lerer - NEVER MET 13. Alan Meckler - NEVER MET 14. David Liu - I really want to meet David, b/c I make comparisons between Path 101 and TheKnot all the time. - NEVER MET 15. David Rosenblatt - NEVER MET 16. David J. Moore - NEVER MET 17. Dave Morgan - Awesome guy, met through USV 18. Mike Walrath - NEVER MET 19. Jim Cramer - NEVER MET 20. Martin Nisenholtz - Met at first USV Sessions... shook hands, didn't chat long, but close enough. 21. Marc Cenedella - Met at Laurel Touby's networking breakfasts 22. Ken Bronfin - NEVER MET 23. Andrew Ross Sorkin - NEVER MET 24. George Kliavkoff - NEVER MET 25. Jeff Jarvis - Met at breakfasts, meetups, airports, SXSW, Twitter, and he's a Path 101 angel 26. Tom Clarke - NEVER MET 27. Brad Burnham - Worked for 28. Beth Comstock - NEVER MET 29. Saul Hansell - NEVER MET 30. Mel Karmazin - NEVER MET 31. Bob Bowman - NEVER MET 32. Stephen Rattner - NEVER MET 33. Lockhart Steele - NEVER MET 34. Herb Allen III - NEVER MET 35. Tom Glocer - NEVER MET 36. John Borthwick - Met at Betaworks lunches 37. Strauss Zelnick - Was supposed to meet him when a placement agent was showing his fund around and I was at GM, but NEVER MET. 38. Wenda Harris Millard - NEVER MET 39. Jason Hirschhorn - NEVER MET 40. Jacob Weisberg - NEVER MET 41. Peter Rojas - Seen him around USV and conferences and stuff, but never actually talked to.  I'll count that as NEVER MET, b/c he seems like a cool guy. 42. Sarah Chubb - NEVER MET 43. Mitch Davis - NEVER MET 44. Seth Godin - Met lots of times at USV 45. Eric Hippeau - NEVER MET 46. Jed Katz, Ross Goldstein - Met Jed at a breakfast, haven't met Ross - SPLIT MET 47. Doug Lebda - NEVER MET 48. Mika Salmi - NEVER MET 49. Sal Iannuzzi - NEVER MET (but obviously should :)  ) 50. Robert Kalin - Met lots of times through USV's investment in Etsy 51. Are Traasdahl - NEVER MET 52. New York Post Business Team - NEVER MET 53. Jeffery Boyd - NEVER MET 54. David Kenny - NEVER MET 55. David Kidder - Met a few times, but we're supposed to do lunch... Let's get that up on the cal, David! 56. Michael Yavonditte - NEVER MET 57. Jonathan Shapiro - NEVER MET 58. David Card - NEVER MET 59. Fabrice Grinda - Met lots of times, though USV, various meetups, breakfasts, etc. 60. Dany Levy - NEVER MET 61. Howard Lindzon - Howard's a cool dude... met. 62. Randall Rothenberg - NEVER MET 63. Robert LoCascio - NEVER MET 64. Jonathan Miller - Saw him speak once, but NEVER MET 65. Ralph Bartel - NEVER MET 66. Jeffrey Citron - NEVER MET 67. Laurel Touby - Laurel's great... she never remembers me when I see her, but she never remembers anyone.  68. Danny Stein - NEVER MET 69. Sascha Lewis - E-mailed, talked on the phone, never met in person, but that will happen I'm sure sometime. 70. Connected Ventures Team Met them. 71. Charlie O'Donnell - I hear this guy's pretty cool. 72. Stephen Messer - NEVER MET 73. Adam Benjamin, Roger Jehenson - NEVER MET 74. Jason Rapp - I actually think I have met Jason, but I'm not 100% sure.  Push.  75. Anthony Noto - NEVER MET 76. Jason Calacanis - Met before I knew who he was, at a Tae Kwan Do tourney...and then met several other times at tech things. 77. Steven Johnson - Met at USV annual dinner, and he took me to lunch once while I was getting feedback on Path 101.  Awesome guy. 78. Jen Chung, Jake Dobkin NEVER MET 79. Jim Spanfeller NEVER MET 80. Dina Kaplan, Joel Smernoff Who doesn't know them? 81. Daniel Klaus NEVER MET 82. David Jackson - NEVER MET 83. Howard Morgan, Josh Kopelman - Met at NY Angels meetings and on the other side of the table from Josh. 84. Bernard Gershon - NEVER MET 85. R. Michael Leo Met at a breakfast and some other tech events 86. Ben Lerer - NEVER MET 87. Sanford Dickert Another "who doesn't know..." guy. 88. Graham Hill - Met at Laurel's breakfast 89. Lindsay Campbell - Interviewed by Lindsay for WallStrip... accidentally, but still counts. 90. Roger Ehrenberg - Path 101 angel 91. Daphne Kwon - Met at USV 92. Simon Assaad, David Carson - NEVER MET 93. Robert Levitan - NEVER MET 94. Kenny Rosenblatt - NEVER MET 95. Herb Scannell NEVER MET 96. Andrew Rasiej - Met at various tech events 97. Allen Stern - Met at meetups and nextNY events 98. Richard Fernandes - NEVER MET 99. Scott Kurnit - NEVER MET 100. Amol Sarva - NEVER MET

 

Bonus: The Newcomers list

Ariane de Bonvoisin, First 30 Days - Met her at Laurel's breakfasts, but she's lovely.  I'd meet her again in a heartbeat.
Jonathan Butler, Brownstoner - NEVER MET
Court Cunningham, Yodle - NEVER MET
Rich Greenfield, Pali Capital NEVER MET
Darren Herman, The Media Kitchen - Played dodgeball with and against him, and he's a Path 101 angel
Mike Hudack, Blip.tv - Met lots of times - cool guy
Alex Iskold, AdaptiveBlue - Met several times, part of the USV fam
Michael Jackson, IAC - Never met
David Karp, Tumblr - Met...  Meeting David at the W should be on everyone's NYC tech scene todo list.
Alexis Maybank, Gilt Groupe - NEVER MET
Caroline McCarthy, CNET - She needs to play dodgeball with us... obviously met.
Douglas McIntyre, 24/7 Wall St. - NEVER MET
Scott Meyer, About.com - NEVER MET
Betsy Morgan, Huffington Post - Just met at Laurel's breakfast
Chris O’Brien, Motionbox - Met several times
Anand Subramanian, ContextWeb - NEVER MET
Andrew Weinreich, MeetMoi - Met at USV
Nate Westheimer, RoseTech - Duh
Bryan Wiener, 360i - NEVER MET
Benjamin Wolin, Waterfront Media - NEVER MET
Jeffrey Zeldman, Happy Cog Studios - NEVER MET

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Charlie O'Donnell Charlie O'Donnell

My del.icio.us links

Links I've recently tagged on del.icio.us:

openpandora - OpenPandora Download: Nice... a standalone Pandora client! (for windows)

I tagged it with: last.fm, music, pandora, player

Chatterous raises angel funding to integrate email, instant messaging and SMS » VentureBeat: Good for them! We've been using Chatterous here at Path 101 and really love the product.

I tagged it with: chatterous, funded, startups





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Path 101, Venture Capital & Technology Charlie O'Donnell Path 101, Venture Capital & Technology Charlie O'Donnell

Sign us up, VC Mike: The Burn/Risk Ratio

Mike Hirshland nails how I feel about the timing of Path 101 (except for the market part--there are more people trying to figure out what to do with their careers than you can shake a stick at):

"For the immediate future, what makes sense is to iterate and experiment. During this phase, product, market and adoption risk remains high. The idea is to learn as much as possible about all three of these, and remove a big chunk of these risks, but to burn as little capital as possible during this phase. In the experimentation phase, we want to learn a ton but spend a little.

Once we think we have learned what product will get adoption in the market, and how we will make money from this product/market match (which nearly always takes a few more iteration cycles than originally thought), we then should kick into execution mode, in order to get real live proof points that the model actually works in practice. This is the time to staff up with the team necessary to go to market.

But until then, no need for the bus dev and sales guys that had been in the plan."

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Politics Charlie O'Donnell Politics Charlie O'Donnell

Is it Obama's Racial Divide Issue, or McCain's?

Headline from the NYT:

Poll Finds Obama Candidacy Isn’t Closing Divide on Race

 

Now, let's actually look at the numbers...

According to their polls, 31% of white people have a favorable opinion of Barack Obama.

...but only 35% of white people have a favorable opinion of John McCain.

Overall, 62% of whites either have a favorable impression of Barack Obama or don't know enough.

...and only 70% of white people feel that way about McCain.

 

I don't know about you, but these numbers don't really show me a big divide on race.  So, basically, 37% of white people don't like Obama, while 28% of white people don't like McCain.  Hmm... I wouldn't exactly call that a huge racial bias against Obama--9%  Really?  Big whoop.

There is a big racial divide in this election, though... but its not what you think.

57% of blacks don't have a favorable impression of John McCain.  In fact, only 5% do, and the rest are undecided.  So, blacks dislike John McCain by almost a 2:1 margin over whites not liking McCain.  Over six times as many, by percentage, whites like Obama as blacks like McCain.

 

So who's really the racially divisive one?  Seems to me it's John McCain.

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Teaching, Venture Capital & Technology Charlie O'Donnell Teaching, Venture Capital & Technology Charlie O'Donnell

Smart thinking about alumni social networks

"Telling alumni what tools to use, and how to use them is old school, and they won't care one way or the other that we have certain information on our web sites...We must let alumni build their own online activities, using a framework we provide for the purpose of enabling that process."

- Andrew Shaindlin - Alumni Futures

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Venture Capital & Technology Charlie O'Donnell Venture Capital & Technology Charlie O'Donnell

What do the right investors do for you? Summize vs. Tweetscan

There's often a bit of anti-VC sentiment among the entrepreneurial community.  You hear how VCs just want to smash you down, force you out, control your company.

So when the news was officially confirmed that Twitter bought Summize, I got to thinking about Tweetscan.

Tweetscan came out with their Twitter search earlier than Summize--who changed their product model.   However, it was Summize that went out and took some funding ($750k) from Betaworks

Tweetscan seems to have remained a one man show--built by David Sterry, who remarked recently that "Running a search engine is a very hardware intensive task and it's a challenge to keep it fast while providing the results people want."  Tweetscan seemed more like a really interesting side project than an attempt at company building.  Maybe David wasn't looking for anything more.  That's fine.  It was a great project, but clearly now that Summize IS Twitter Search, it will likely become the default.  By the looks of the traffic, it already had:

 

 

Not only was Summize able to build a team, but they got some really thoughtful, well connected investors on board.  Their investors and advisors helped them with the decision to focus on Twitter search--which was a reapplication of their technology away from generalized web sentiment.  Of course, not to mention the fact that John Borthwick says specifically:

"The deal started with a conversation with Fred Wilson about how conversational search can evolve into navigation, about how important navigation becomes for UGC as you go mainstream — it concluded with the deal that was announced this morning. Betaworks is now a twitter shareholder, and excited to be one."

So, when your investor is having this kind of smart conversation with an investor in one of your likely acquirers, you're at a HUGE advantage.  This isn't someone pitching your company to get flipped--this was some pretty high level thinking (and outside the valley thinking, I might add).

So while you're protecting all your equity from those big bad investors, ask yourself the question of who's having these types of conversations with key decision makers and thinkers about your company.  "Who's a lot more experienced than I am that thinks intelligently about my company's strategy--and cares about it?"  

THAT's the kind of investor that makes the rest of your equity worth multiples of what it is the moment they take their 20-30%.

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Random Stuff, nextNY Charlie O'Donnell Random Stuff, nextNY Charlie O'Donnell

Ignite NYC: Not your usual conference topics

On July 29th, Ignite comes to NYC.  What's Ignite?  It's 16 5-minute presentations that geeks will love, plus a soldering competition.

 

RSVP on Facebook or Upcoming.

 

I'll be speaking there, but I'm even more psyched about the other speakers.  Check these out:

* Tom Igoe - Physical Computing's Greatest Hits (or Misses)

* Tony Bacigalupo - NYC's Startup Scene: Where are the geeks?

* Jessica Bruder - How to be an Undercover Hooker (reprising her talk on taking an NYPD course)

* Karen McGrane - From Typing to Swiping: Interaction Design has come a long way!

* Rose White - Weird and wonderful knitting -- graffiti and science and art combined!

* Audacia Ray - Porn as a front runner in technology innovations

* Charlie O'Donnell - Shaving your head: When to start, how to maintain, and to BIC or not to BIC?

* Charles Forman - How to date celebrichauns with founder fetish

* Natalie Jeremijenko - A bomb shelter for the climate crisis

* Pat Allan - So you're a kick-arse coder...

* Joel Johnson - Indie Games: At Least They're Free!

 

Details:

The first Ignite NYC is going to happen 7/29 at M1-5. We are going to feature 16 speakers. Each speaker will get 20 slides that auto-advance after 15 seconds for a total of five-minutes. Ignite is free and open to the public -- you're on your own for drinks. We're also going to be joined by Ignite co-creator, Bre Pettis. Bre is going to lead us in a creative soldering contest. RSVP at Upcoming or Facebook to let us know you are coming. The night will begin with:

7:00PM - Doors Open

7:30PM - NYC Soldering Championship:

With solder irons blazing, and the power of molten metal at their finger tips, New York City's electricity enthusiasts and hardware hackers will connect components to complete circuits for the glory of being the fastest soldering gun in NYC.

On stage and under hot lights, contestants will complete an electronics kit in the shortest time possible while still maintaining the integrity of the circuit. Who will be New York City's soldering champion? You'll need to be there to find out!

To solder you'll have to pre-register, but anyone can come enjoy the opening contest. After the contest, there will be:

8:00PM - Ignite Talks

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Charlie O'Donnell Charlie O'Donnell

My recent tracks on Last.fm

The most recent tracks I've been listening to on last.fm:

Spookshow Baby by Rob Zombie from the Hellbilly Deluxe album. Listen to it now »

Bodies by Drowning Pool from the Sinner album. Listen to it now »

Hope by Apocalyptica from the unknown album. Listen to it now »

Eisbrecher by Eisbrecher from the Eisbrecher album. Listen to it now »

Falling Away From Me by KoЯn from the Issues album. Listen to it now »

Mini Mini Mini by KMFDM from the unknown album. Listen to it now »

Stupify by Disturbed from the The Sickness album. Listen to it now »

Herz steht still by Eisbrecher from the Eisbrecher album. Listen to it now »

When Worlds Collide by Powerman 5000 from the Tonight the Stars Revolt album. Listen to it now »

Wer bist du? by Megaherz from the Querschnitt (disc 1) album. Listen to it now »



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Random Stuff Charlie O'Donnell Random Stuff Charlie O'Donnell

Is there anybody out there? The results of last week's engagement and influence experiment.

A week ago, I asked readers to comment on how they found a post that I had put up on Twitter, del.icio.us, StumbleUpon etc., and to repost where they may.  I wanted to see how many people I could nudge into action and what types of actions they chose.

One of the most interesting results was the fact that most of the people who did anything to participate were people that already knew me.  And, that, above all, should be the most useful piece of information here.  If you want someone to do something for you--spread content, interact, etc., relationships count.

That's why I'm so surprised how many entrepreneurs hole themselves up in a dark room when creating a company.  Sure, putting in the blood, sweat and tears in the wee hours of the morning is important to get things done, but disengaging from your life is completely counterproductive.  How are you ever going to get a core set of initial users if most of the people in your life haven't heard from you in nine months?

In terms of how people found out about the post, it was pretty split between Twitter and their RSS reader--and that also accounted for the vast majority of inbound.  Reblogs or retweets counted for only a handful of inbound, which also isn't surprising, because if my closest contacts are reblogging my stuff, there's a good chance their audiences are following me as well, and there's very high overlap.

Still, not that many people came or participated.  Allen Stern wrote, "you should use your good content instead".  Funny enough, two other posts that day proved Allen right.  While this post was sort an experiment that answered a question for me, two other posts combined to get 10x its traffic in a three day time period.

Between July 7th and 9th, over 3,100 people visited my post about why Paul Graham is wrong about NYC.  The post was over a month old, but somehow it made the front page of Hacker News.

In addition, my note about Twitter buying Summize, one of the first public stories about it, generated about 3x the traffic that my experiment did.

So, the moral of the story according to this very unscientific experiment?

  • Build great relationships with people.
  • Good content even trumps breaking news.
  • "Insider", high quality sites like Hacker News can generate boatloads of traffic for a relevant post--maybe even more so than generalist sites can.
  • Make sure you're RSS enabled, Twitter enabled, but don't expect traffic just because you are--these are just mediums.
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Charlie O'Donnell Charlie O'Donnell

My recent tracks on Last.fm

The most recent tracks I've been listening to on last.fm:

Vote for Love by Tiamat from the Judas Christ album. Listen to it now »

Eisbrecher by Eisbrecher from the Eisbrecher album. Listen to it now »

Wait by Killing Joke from the No Way Out But Forward Go album. Listen to it now »

Mirror, Mirror by Karelia from the unknown album. Listen to it now »

Sweet Dreams (Are Made of This) by Marilyn Manson from the unknown album. Listen to it now »

Progress? by Amebix from the No Sanctuary: The Spiderleg Recordings album. Listen to it now »

Sundown by Girl Without Fear from the Mix Messages album. Listen to it now »

Prepare For The Flight by The Lovemakers from the unknown album. Listen to it now »

Twisted Transistor by KoЯn from the Chopped & Screwed album. Listen to it now »

Friday Friday by Boy Kill Boy from the unknown album. Listen to it now »



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Charlie O'Donnell Charlie O'Donnell

My del.icio.us links

Links I've recently tagged on del.icio.us:

50 Things to Do Before You Die: I should come up with my list.

I tagged it with: dying, lists, living, todo





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Path 101, Venture Capital & Technology Charlie O'Donnell Path 101, Venture Capital & Technology Charlie O'Donnell

Fun with data: Personality Test Dropout Rate

One of my favorite things about actually having a live site up at Path 101 is having user data to play with.

Since we started broadcasting the availability of our personality test, we now have some neat data and feedback on it--like the fact that some people think it's too long.  That begs the question of wanting better data or more completed users... and whether or not there are some people who just won't do anything longer than a minute anyway.   I'm sure we could shave a few questions here and there, and provide some better motivation to strike a balance, but here's what we've got so far:

 

So basically, if we can get someone to the midpoint of the test, they're going to finish.  I don't now if that's normal for these kinds of tests, but that's about what I would expect.  At the end, about 52% percent of the people who started on Page 1 actually finish it.  That's pretty good for a 90 question, 25 minute test.

One thought might be to move some of the "filling buckets" to the front of the test.  People seem to really like those and mixing up the questions better might break up the monotony of the test.

Perhaps some teasers, too... like telling them we've found some industry matches for them, but they have to finish to see them or something. 

Any other ideas?

What about letting people save it midway?  Will you lose people who would have otherwise finished it?  Will people really come back?   Certainly that might drive registrations.  Time for testing!!

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My Path 101 Personality Test Results

There are certainly a lot of places out on the web where you can take a personality test, but for the more serious ones (not the Superhero test), comparing results to others isn't always easy.

That's going to be our next update to the test... the ability to compare your results with other people.

For now, though, people have been sending me screenshots of their Path 101 personality test results and asking me what I got on mine, so I figured I'd share:

Interesting that I'm empathetic, but kind of emotionless.  "I understand your problems, but I just don't care about them."  :)

What did you get on your test?

Haven't taken it yet?  What are you waiting for?  A Beta?  :)

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Charlie O'Donnell Charlie O'Donnell

My del.icio.us links

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Charlie O'Donnell Charlie O'Donnell

My recent tracks on Last.fm

The most recent tracks I've been listening to on last.fm:

Passing By by Darude from the Rush album. Listen to it now »

Michael Jackson by Fatboy Slim from the On the Floor at the Boutique album. Listen to it now »

Trip Like I Do by The Crystal Method from the Vegas album. Listen to it now »

Pearls Girl by Underworld from the Second Toughest in the Infants album. Listen to it now »

Asylum by The Orb from the Orblivion album. Listen to it now »

Come Alive (Tiga Remix) by Nick Rhodes from the unknown album. Listen to it now »

Flight 108 by Gabriel Le Mar vs. Cylancer from the unknown album. Listen to it now »

Leave Home by The Chemical Brothers from the Exit Planet Dust album. Listen to it now »

Pants by Orbital from the Blue Album album. Listen to it now »

Absurd by Fluke from the Risotto album. Listen to it now »



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Path 101 Charlie O'Donnell Path 101 Charlie O'Donnell

Don't call it a launch... It's an Alpha. WAY different. :)

A lot of people ask me about how Path 101 is doing.  Before today, I've basically said, "Yeah, we're building and making a lot of progress, but we have a ton of work left to do."

Today, I can proudly say, "Yeah, we're building and making a lot of progress, but we have a ton of work left to do, but if you really want to go break something, check out our siteYou can now take our personality test and explore a small subset of our public resume data."

I'm very excited that a part of what we're offering stands enough where it makes sense to send people to it.  We can also use your help with it, too!

The quiz works based off of other people's data.  When you take it, we'll match your personality to others in the system and tell you what kinds of careers they're in.  The more people we have, the better and more specific the recommendations.

So, if all 2600 of you could go over to Path 101 and take a quiz, and save it to an account, I'd really appreciate it.  Feel free to pass to a handful of people in a diverse set of careers.  Explain to them that they're part of a test group, and that the data will be much better with a critical mass of people.  We'll be pinging everyone who took the test when we've hit that mark and recommendations make more sense.

I want to give a HUGE shout out to our great team.  Alex, Jen, and Hilary have been pushing a ton of code--especially since it's really only been a couple of months since the whole team has been on board.  We'll continue to make more progress each day, releasing more features and making the ones we put out there better.  If you haven't already, you should subscribe to the Path 101 blog to track our progress.

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