Shaun Clancy, keeper of Foley's Pub in New York City, banned "Danny Boy" from his establishment for the next few weeks. Clancy says the song, immensely popular with Irish Americans, shouldn't be played on St. Patrick's Day because it is a depressing tale of longing and loss. I loved this story because after years of mindlessly listening to this funeral dirge on a day of celebration, Clancy lowered the boom. Imagining yet one more St. Patrick's Day of customers singing mornfully "And if you come, When all the flowers are dying, And I am dead, as dead I well may be," Clancy pre-emptively shouted "cut, cut, stop the madness, give me Star of the County Down."
Now that I've got your Irish up, why do we celebrate St. Patrick's Day at all ? Something about snakes, right ? Well there's more to it than that. St. Patrick was born in Britain in 391 AD. At the age of 16, he was kidnapped and enslaved by raiders and taken to Ireland, where he herded sheep for 6 years. Isolated from the world, he turned to daily prayer for sustenance. He eventually escaped and returned to England, where he studied religion for 15 years. He then came back to Ireland and accelerated the introduction of Christianity. A practical man, he incorporated the sun, which Irish pagans worshipped, into a Christian cross, creating what is still known today as the Celtic Cross. And why on March 17 ? Well, you see, that's the Feast Day for St. Patrick, believed to be the date of his death in 460 AD. Tired of corn beef and cabbage ? I have a recipe for Ballymaloe Irish Stew. Had enough of NYC's St. Patrick's Day parade ? Boston and Dublin are obvious alternatives, but two of the best celebrations are in Savannah, Georgia and Butte, Montana.
Am I a Hibernophile who Googled the whole day to find all this information ? No, I spent about 8 minutes on the Web Guide to St. Patrick's Day. Drop in for a visit and before you know it, you'll be the one railing against incongruent "traditions" and shouting "cut, cut, ..." at a St. Patrick's Day celebration of your own.
Monday, March 10, 2008
Oh Danny Joy
Friday, March 7, 2008
Almost Perfect Feedback
To start a company is to climb aboard an emotional rollercoaster. I left the office on Monday on a real high; we had spent much of the day discussing development plans, and I was exceedingly optimistic about all of them. As I rode the elevator down with a colleague, I said "today was so great that tomorrow is certain to be a downer." And it was, as we focused on all the hard work in front of us to make these plans a reality. Because of my prior experience, I've been able to adopt the Stockdale Paradox (see my earlier blog post) of confronting reality while never losing faith that we will ultimately be successful, in large part because I've assembled a truly remarkable team of talented and passionate people, and passionate people are unstoppable. And yet its still quite rewarding to receive third-party appreciation to affirm our efforts. A week ago, we published AlmostPerfectSeason.com, an anthology of media coverage of the NY Giants' remarkable 2007 season. To read how the media elite emphatically wrote off the team, its defense, quarterback and head coach as hopelessly mediocre, and then celebrating the dramatic Super Bowl win is a terrific tale of redemption.
On Monday, Sports Illustrated named AlmostPerfectSeason a "hot click," and wrote "Here's one of the more amazing sites we've seen in a while." The glowing reviews have poured in steadily since:
"A great website called Almost Perfect Season serves as a time capsule of the incredible 2007-08 Giants campaign..... It is really interesting to look back at many of these articles and how down on the Giants many were early on. "
"stumbled across this amazingly comprehensive synopsis"
"This is an amazing read. If you have the time you can get lost in it for hours."
"Ah, absolutely loved it."
All of these pats on the back don't change the reality that we have a lot of hard work in front of us to make FindingDulcinea the next great Internet brand. But they do strenghten our conviction that we will ultimately triumph.
Thursday, March 6, 2008
Plenty of Room at the Inn
Since the commercial Internet began to seriously take shape in the mid-1990s, pundits have been eager to declare “game over,” anoint the “winners,” and deem all subsequently launched ventures to be “too late to the party.” An August 1997 article in the San Francisco Chronicle noted that Microsoft and CNET were joining “an increasingly crowded field now dominated by Yahoo Inc., Excite Inc., InfoSeek Corp. and Lycos Inc. The new sites will also face off against a host of other search services, including Alta Vista, HotBot, WebCrawler, Inktomi, Open Text, Deja News and Magellan.” Star stock analyst Keith Benjamin is quoted saying "There's a prize for first place. There's also a prize for second place, though I don't know how big the disparity is between the prize for first and the prize for second. I don't think there's a prize for third." More than a decade later, Benjamin’s observation proved true, as the largest search engine dominates the space, and the horse running in third is desperate to combine with the one in second. But no one predicted at the time that the search leader a decade later would be Google, a company that at the time existed only in the brainwaves of a pair of college students.
It can be difficult to look at a start-up and predict its ultimate success against apparently entrenched competition. I’ll admit to discouraging a friend from buying stock in AOL in 1995, because I believed it could never overcome Prodigy’s headstart and superior backing from IBM and Sears. And I have on my bookshelf “The 100 Best Internet Stocks to Own for the Long Run,” published in 2000. Based on a quick glance, I estimate that half of them are out of business or a mere shell. And of course the fall of giants is not just an Internet phenomenon, as IBM and AT&T attest.
And yet despite the brief history of the Internet, in which “entrenched” leaders can disappear quickly and new companies can rise meteorically, most start-ups are still greeted with “you’re late to the party.” The New York Times reported today on “Women of the Web,” a venture backed by a cadre of elite women from the book publishing, journalism, advertising, television and acting professions. The CEO, Joni Evans, was a star agent and chief executive for William Morris, Simon & Schuster and Random House, and thus apparently understands what people want to read. She believes that women over 40 (and with a modicum of intelligence) are tired of being talked down to on the Internet. So she’s putting together a series of “conversations” on issues germane to these women’s lives. Readers will enjoy informal and intimate musings of gossip columnist and TV personality Liz Smith, advertising guru Mary Wells, noted author Peggy Noonan, 60 Minutes’ Leslie Stahl, as well as stars such as Lily Tomlin, Marlo Thomas and Candace Bergen. Each of these women has staying power; they have all been in the public eye for 20-40 years. The site will develop a significant, and more importantly, affluential and influential audience, eager for the opportunity to read intelligent fare and interact with these icons.
Pundits, including the Times' writer, question whether users will use it in lieu of iVillage, More and other leading women’s interest Web sites (and it is worth noting that the Times ran this piece in its "Fashion and Style" section rather than "Business"). But this site’s audience is not visiting iVillage and indeed is not heavily using the Web at all right now. A core belief behind FindingDulcinea is that a large swath of Internet users significantly under utilizes the Internet because of how difficult it is to find quality, credible content. WomenontheWeb will build this, and people will come. As writer Joan Buck told the Times, “iVillage has always puzzled me …. I love the idea but it’s like Macy’s or something.”
The one thing I’d change is the domain name (yea, I know, glass houses. We went out on a limb with “FindingDulcinea,” and 18 months later I’m still convinced it’s a long-term winner). The Times article discusses the lengthy debate the founders had over the name. Liz Smith’s suggestion of “HotVoodoo” seems like a damn fine one to me. Ms. Smith, who claims to “still write with a feather” and faxes in her posts, has a great future as a domain name consultant.
And if Liz Smith can acquire domain name savvy, then this site's audience can use the Web more if presented with content that appeals to it.
Wednesday, March 5, 2008
The World Pays Off on Judgment
In 1998, I became general counsel of a start-up company (24/7 Media) in a new industry (Internet advertising). I was right-hand man to CEO Dave Moore, and advised the Board.
Like all companies caught in the "no rules" wondrous bubble, we made strategic decisions we'd like to have back. But we made good ones as well, especially when our backs were pinned to the wall during the 3 year crash, and we were one of the few survivors from our peer group.
I used to clunkily explain my role as "when we're facing a difficult situation and Dave asks 'what should we do now,' I'm good at helping him come up with the right answer." And then I had an "Aha !."
I read an essay by Judge Joseph McLaughlin, of the 2nd Circuit Court of Appeals and former Dean of Fordham Law School, in which he wrote that he long ago learned that "the world pays off on judgment - not brilliance, knowledge, and not experience or compassion either, though a fair portion of all of these is essential to the exercise of good judgment."
In a single, precise word, Judge McLaughlin captured why many brilliant people fail; they have bad judgment. I vowed to use this word to focus my thinking in all future critical situations. This vow was cemented a few days later when I read a WSJ article about the sacking of a Fortune 50 CEO; a board member discussed a situation that the CEO handled very poorly, and said that the Board could forgive a mistake, but what the CEO did showed bad judgment.
Over the remainder of my long tenure at 24/7, most of the blow-ups that I witnessed at other companies could usually be pinned on bad judgment, often at companies run by young CEOs who may have lacked "experience or compassion." Facebook keeps popping up in scandal lately. It has a 23yo CEO whose prescience in a critical decision - whether to accept lucrative offers to sell the company for much less than its current value - is almost overshadowed by some colossally bad decisions that can only be ascribed to bad judgment. Now I read that he has hired a 38yo COO from Google, and plans to hire other senior executives. No doubt all of them will be brimming with brilliance and knowledge. One can only hope these qualities will be supplemented with equal measures of experience and compassion, and that this young CEO will rely on their good judgment to put an end to the parade of poor decisions that has made his job so difficult lately.
Sunday, January 27, 2008
Randy, Paula and Simon Pick the President
Ryan Seacrest: Welcome to the South Carolina auditions for the 2008... American....Idol !!!!
(McCain) Hello, I'm John McCain, and I'm a big fan of Barbara Streisand.
(Simon) Paula, you live in a velvet fog. Mr. McCain, it's one song per contestant. And shouldn't you sing something more suitable ?
(McCain) Well I like "Barbara Ann", but my mother told me not to sing that in public any more.
(Simon) Next !
(Hillary) Hi, I'm Hillary Rodham. Clinton. Rodham Clinton. Clinton. How y'all doing this morning ? I've found my new voice.
(Randy) Where are you from ?
(Hillary) Where do you want me to be from ? This song is about refocusing on the critical issues in this campaign, like, how do I win the nomination ?
(Paula) Terrific, Rodman. What were you trying to say ?
(Hillary) That we need to work together to defeat big business, which is that hammer thrower, dashing the dreams of working class people all over America.
(Randy) But it looked like the face in the screen represents big business ?
(Hillary) Oh. Well let's do it again, this time I'll be the hammer girl.
(Simon) No, I don't want to hear another word from you.
(Hillary) This is a vast right wing conspiracy !!
(Seacrest) Next !!
(Obama) My name is Barack Obama, and I'd like to sing a song for you.
(Randy) Barack, that was cool, you were keeping it real. But wasn't it a little too safe ?
(Obama) That's because anything I say just gives Clinton another chance to misrepresent who I am and what I believe in.
(Paula) We can't have contestants talking smack about other contestants !
(Simon) Right, only we talk smack about contestants.
(Obama) Well actually it wasn't Mrs. Clinton. It was her husband.
(Randy) Well which one of them is the contestant ?
(Obama) Tell me when you figure that out !
(Seacrest) We have one more, but he doesn't want to sing today. He says if the two finalists are really lame, then he'll enter the contest.
(Simon) He sings now or he's out !
(Seacrest) But he says he'll spend every penny he has to win.
(Randy) We can't be bought ! The people decide !!
(Seacrest) He has a trillion pennies.
(All judges) Well maybe we can work with him.
(Seacrest) But he actually only spent $100 a vote to win his last contest.
(All judges) Who does he think we are ?
(Seacrest) I'm not going to haggle with the man for you. In our out ?
(Randy) Isn't there one person who will give us a performance we can get behind ?
(Seacrest) We do have one more guy, but he also doesn't sing. He has nice background music, and he talks about why he's the candidate for change.
(Simon) For goodness sake....
(Seacret) He's taken on the bloated establishment and won, with a "give the people what they want" mantra. His "broken windows" theory is brilliant.
(Randy) Guiliani ?
(Seacrest) No, Rudy said he'd only audition in Florida. Look, I really think you're going to be wowed by this new guy, Mack.
Friday, January 25, 2008
Information on the Net: Instant, and everlasting
Yesterday I blogged about the race to be first with news on the Internet. And today I'm blogging about how news on the Internet never stops being "news." So Internet news is produced in an instant, but has perpetual life.
Thursday, January 24, 2008
Right, or Right Now ?
The Internet brings us information instantly. No longer do we have to wait till 6:00 pm, or even the whole next morning, to learn what happened today. And three networks and two daily newspapers no longer constitute our entire news universe. And each of these, in many ways, is unfortunate. More viewpoints are better than fewer, but journalistic standards are no longer uniformly high. And in the race to be first, the race to be best is less important. A writer for the Columbia Journalism review characterizes the thinking this way: "talking can be just as important as saying something." Fact checkers stand aside; anything you uncover goes in the updated version. The LA Times blog pines for the days when journalists had "hours—not minutes or seconds—to craft a story from the blast wave of facts and factoids that comes in the wake of a bombshell.” How crass has the race to be first become ? The Associated Press has written an obituary for 26-year old Britney Spears. The editor clients of AP were embarrassed they didn't have one at the ready when 39 yo Anna Nicole Smith succumbed, and they don't want to be that woefully unprepared again. Slate movie critic Dana Stevens captures the tension in writing celebrity obituaries: “The deadline is, by definition, past, and you know you've already been scooped countless times.” Celebrities dying young is not a new: see James Dean, Jimi Hendrix, Jim Morrison, Janis Joplin, John Belushi, Chris Farley, et al. What's new is the need to start talking before the body goes cold. And AP's clients will be the first to start talking by prudently planning ahead. Or so they think. As Jon Thurber, the obit editor of the LA Times, warns, "Who in the '60s . . .would have thought Keith Richards would have outlasted John Denver?"