Jay Liew › Comments

"But Mr. McGovern, the investor and venture capitalist, thinks that may be an advantage. In the United States, he says, he is often approached by overconfident entrepreneurs who walk off in a huff when he is less than impressed by their ideas. The Chinese entrepreneurs he deals with are different. “They will come to me and show me their language-translation software that will convert Mandarin to English and back again,” he said. “Then I will tell them that I don’t think there is a market because it is too difficult to protect the intellectual property.” Rather than send them away, however, he might ask them if they would be interested in working on a different idea that his firm has been considering. “They will respond, ‘Can I get rich?’ When I tell them that I think that there is a good chance, they say, ‘O.K., I’ll do it!’ ”" - Jay Liew from Bookmarklet

"In the end, what matters is not the level of outward success you achieve, but who you know yourself to be.  So, when times get tough, I invite you to keep your head held high and press on. Ask yourself: “What story will I tell when all is said and done?”  May your tale be one of perseverance, courage and heart." - Jay Liew from Bookmarklet

"anuKumar" - Jay Liew from Bookmarklet

Great insights into freemium pricing model; and an exploration of what goes inside the mind of a cheap bastard (I can relate to that!) - Jay Liew from Bookmarklet

"Mike Maples at Maples Investments observes that the quality of pitches from entrepreneurs get better as you climb the “Hierarchy of Proof.” On the bottom, and least convincing are statements about your “idea.” Next are hypothesis – “I think customers will care about x or y “ Better are facts from customers – “We interviewed 30 customers with 20 questions” Even better is “Customer Validation”– “We just got $50K from a customer” or “we got 100,000 users spending x minutes on our site” Finally if you’re ever so lucky – “Everyone’s buying in droves and we’re here because we need money to scale and execute”" - Jay Liew from Bookmarklet

"sain" - Jay Liew from Bookmarklet

"“The human condition is that traumatic events occur,” said David B. Adams, a psychologist in private practice in Atlanta. “The reality is that we are equipped to deal with them. The challenge that lies before us is quite often more important than the disappointment that surrounds us.”" - Jay Liew from Bookmarklet

marc andresseen - Jay Liew from Bookmarklet

"When I project five or ten years down the road, I want to look back and realize that I was at the creation of something great" - Jay Liew from Bookmarklet

"They cannot steal your market failure driven pivots: The successful version of your product or eventually products will certainly look different than the idea someone stole, which was likely in the napkin phase at the time. After they steal your initial idea a fork in the road is formed by the pivots and failures that you go through. Someone who actually has the balls to “steal your idea” will be so blindly in love with it that they will most likely be closed to feedback which may alter it." - Jay Liew from Bookmarklet

"In Silicon Valley, if you spend a lot of time thinking about the obstacles, you’ll talk yourself out of everything, because the more you look at it, the less logical something sounds, since no one has done it yet. Founders simply ask what needs to be done and what’s the best way to do it" - Jay Liew from Bookmarklet

"created an awful set of incentives that encouraged our best students to go to Wall Street to create crazy financial instruments instead of to Silicon Valley to create new products that improve people’s lives" - Jay Liew from Bookmarklet

node.js - Jay Liew from Bookmarklet

"“Real innovation in technology involves a leap ahead, anticipating needs that no one really knew they had and then delivering capabilities that redefine product categories,” said David B. Yoffie, a professor at the Harvard Business School. “That’s what Steve Jobs has done.”" - Jay Liew from Bookmarklet

It turns out there's a psycho-babble name for this: Impostor Syndrome. As Inc Magazine points out, studies show that "40% of successful people consider themselves frauds." Ask any small business coach; they'll confirm how prevalent these feelings are. It's even common with PhD candidates. - Jay Liew from Bookmarklet

day 1 - Jay Liew from Bookmarklet

MediaPost Publications Quantcast: Mobile Web Growing Fast 01/06/2010 - Jay Liew from Bookmarklet

"‘The Good Fight is the one we Fight because our heart asks it of us.The Good Fight is the one that’s fought in the name of our dreams. When we are young our dreams first explode inside us with all of their force, we are very courageous, but we haven’t yet learned how to Fight. With great effort, we learn how to Fight, but by then we no longer have the courage to go into combat. So we turn against ourselves and do battle within. We become our own worst enemy. We say that our dreams were childish, or too difficult to realize, or the result or our not having known enough about life. We kill our dreams because we are afraid to Fight the Good Fight." - Jay Liew from Bookmarklet

"1) Mobile: I am very excited about Android. As much as the iPhone has been transformative, it is still a tightly controlled environment. Android opens up mobile in a way that it can begin to look and feel like the web. Android will be on many handsets and many carriers. Developers can work with the source code if they want to. Apps don't have to be cleared by Google to run on Android phones. I could go on and on. These might not seem like big things but they are huge. Mary Meeker said in her mobile internet report that the mobile internet will likely be at least twice as big as the desktop internet. I think that's a safe bet and I would venture that it could be well north of that." - Jay Liew from Bookmarklet

Cell phones, email and the Internet were viewed very favorably among all types of Americans, and online shopping and smartphones evoked positive reactions from a majority of respondents, as well. Blogs and the social web, however, earned a solid "meh" from those surveyed. - Jay Liew from Bookmarklet

The Economist newspaper plans to acquire 500,000 fans on Facebook and 750,000 followers on Twitter within six months, in another sign that traditional publishers are looking to social media as a substantial source of web traffic and new readers. - Jay Liew from Bookmarklet

Mobile Internet Report 2009 - Jay Liew from Bookmarklet

“Print media has declined consistently, but if you add up the amount of time people spend surfing the Web, they are actually reading more than ever.” - Jay Liew from Bookmarklet

Yup, .. sometimes you have to roll with the idea even if others think it's stupid. When Jack first created Twitter in 2000, the market simply wasn't ready. And now the same idea is spreading like fire - Jay Liew

This looks like a real game changer - Jay Liew

"“No one person is on duty, or can be on duty, 24-by-7, and yet there’s an expectation on Twitter that this is a real-time conversation.”" - Jay Liew from Bookmarklet

Twitter as a business tool - Jay Liew from Bookmarklet

Coda Research Consultancy in a new report forecasts mobile broadband search and display ad revenues in the US to grow to $4.2 billion in 2015, up from $1 billion in 2010. The firm predicts that 70% of those revenues – or nearly $3 billion – will come from search advertising, and sees a bright future for local search in particular. SMS revenues on the other hand are forecasted to drop to a mere 3% in the next 5-6 years, down from 55% in 2010. As we’ve noted before, most reports from research agencies predict a steep rise of revenues from mobile search in the coming years, and I’m bullish about that too, but Coda seems overly optimistic about the general growth curve in its forecasts. I also don’t believe revenues from SMS, which continues to be one of the cheapest, quickest and easiest to use form of peer-to-peer mobile communication, will really decrease so rapidly. Mobile advertising isn’t a zero-sum game. A couple of weeks ago, eMarketer reached more conservative conclusions based... more... - Jay Liew from Bookmarklet

* trendwatching.com Global consumer trends, ideas and insights. * Monthly Briefing * Database * Premium Service * Presentations * Tips * Spotters * About us MINIPRENEURS First published: September 2005 | Increasingly, consumers are participants instead of passive audience members, and this mega-trend manifests itself in a variety of ways. In fact, the more we hear about GENERATION C making money from its creations, and the more we focus on the financial rewards consumers are reaping from participating in CUSTOMER MADE projects, the more the myriad of other entrepreneurial undertakings by ordinary consumers makes sense. We have dubbed this trend 'MINIPRENEURS': a vast army of consumers turning entrepreneurs; including small and micro businesses, freelancers, side-businesses, weekend entrepreneurs, web-driven entrepreneurs, part-timers, free agents, cottage businesses, seniorpreneurs, co-creators, mompreneurs, pro-ams, solopreneurs, eBay traders, advertising-sponsored bloggers and so... more... - Jay Liew from Bookmarklet

Hi Sarah, This topic is right up my alley - I'm a security researcher for Websense. YouTube as a conduit for spammers is another sore spot for Web 2.0 services. I know this may sound counter-intuitive at first glance, but we're not Google/YouTube, yet we have visibility into these YouTube spammy videos that are actively being used in spam. Carl who just commented above is from Defensio,... more... - Jay Liew from FriendFeed MT Plugin

That's really interesting, Jay, thanks for sharing. Please feel free to keep me posted on your research. sarah at readwriteweb.com - Sarah Perez