Tuesday, August 19, 2008

September 11: Remember the Love

One mundane tasks for a start-up is creating company policies. Most companies take an ad hoc approach to commemorating September 11. On the first few anniversaries, many offices turned on televisions for staff to watch the ceremonies. And this seemed fitting.

But before last year’s sixth anniversary, The New York Times published an article in which many wondered if it was time to put 9/11 behind us. The sentiment was best captured by a psychologist who said, “Our society has a very low tolerance for grief—it’s exhausting and unrelenting, and we don’t want to hear about it.”

But a focus on the tragedy and grief ignores what should be the central takeaway of 9/11. Because to me, the enduring memory from 9/11 is about love.

On 9/11, we were humbled to learn that a good number of remarkable people are willing to put their lives at grave risk so that others, unknown to them, may live. As we later learned, these rescue workers were not fearless; they knew they were in grave danger. And still they went about saving the lives of people they had never met. And this takes more than courage; it takes love, and indeed there is no greater love. And many of the victims at the WTC and on Flight 93 lived for a desperate hour or more after their fate was sealed, with access to phones, and used the last precious minutes of their lives to call family and friends; all that mattered at the end of their lives was the love they created along the way.

After watching the towers fall from my office, I emerged to find New Yorkers treating one another with compassion and concern, which persisted for months. Steelworkers finished their regular jobs at 3 p.m. and marched downtown to cut the massive sheets of steel that would be the first step to a rescue and recovery operation. Other people formed a persistent mob on the West Side Highway, simply to cheer the vehicles leaving Ground Zero with workers who had put in a difficult day. Politicians spoke respectfully to one another. And Europe demonstrated its solidarity with a day of mourning, punctuated by three minutes of silence in which cars and buses stopped in the middle of highways, radio stations went quiet, and even pubs delayed opening.

As I thought about how our company should commemorate 9/11, I recalled the memorable words of firefighter Mike Moran at the Concert for New York in October 2001. Moran paid tribute to his fallen brother John and the dozens of colleagues, loved ones and neighbors he had lost. And in his most noteworthy line, he said, “They are not gone, because they are not forgotten.” And if we close our office 11 times a year for holidays, and for five half days to get a head start on these holidays, surely we could spare an hour or two to remember the love we witnessed on and after 9/11, so that those who were lost are not gone, are not forgotten?

And then last weekend I experienced the joy of Ronan Tynan in concert, singing with a children's choir. Tynan makes every song sound as though you are hearing it for the first time. As he introduced Bruce Springsteen's "Into the Fire," from the album "The Rising," which is the ultimate musical tribute to the loss experienced and gallantry witnessed on 9/11, I realized for the first time that Springsteen also beseeches us to remember the love of September 11, and the strength, faith, and hope as well, so that we may draw from it:

May your strength give us strength
May your faith give us faith
May your hope give us hope
May your love give us love

May your strength give us strength
May your faith give us faith
May your hope give us hope
May your love give us love

May your love give us love


And so our policy is set, for this year, and for as long as I run this company. From 8:46 am till 10:29 am EST, our employees will be asked to stop work and think about the remarkable manner in which so many people responded to the challenge of their lives, or the certain end of their lives, seven years ago. They can attend memorial ceremonies or watch them on television, or call or e-mail loved ones they’ve been meaning to catch up with. And I will ask them particularly to remember the 443 men and women who, as first responders, rushed to the World Trade Center and gave their lives. That’s about 14 seconds per person.

Fourteen seconds for Pat Brown. At an apartment fire long before 9/11, Brown and his crew were on the roof of a burning building, with a man desperately hanging out a window. A rope rescue was in order, but there was nothing on the roof to anchor the rope to. So they anchored the rope to Pat Brown, and as the rest of his crew strained to hold Brown in place, a firefighter was lowered to the window. Brown knew that when the desperate man was pulled from the window and his weight doubled the burden, all six of the men involved might very well plunge to the ground. But he did it anyway, and the man’s life was saved. And of course on 9/11, Pat Brown led his crew into the WTC, and was last heard from on the 35th floor.

Fourteen seconds for my friend, John Moran, who had been injured during the devastating 2001 Father’s Day fire that killed three firemen. On 9/11, John ended his shift and was getting in his car to go home, but instead literally fought his way to the WTC and shouted as he ran in, “I’m going to make a difference here today.”

And 14 seconds for Timothy Stackpole, who had suffered horrifying injuries in a fire years before, and battled with the fire department medical staff simply for the right to return to work, only to then give his life on 9/11.

Fourteen seconds for Moira Smith, a police officer who stormed into one of the towers to find the revolving doors were preventing people from fleeing quickly enough. So she shot out a giant plate glass window, allowing the lobby to empty and, with the lobby cleared, ran upstairs to guide thousands of frightened people out of the building.

Fourteen seconds for Stephen Siller, who was on his way to play golf, but hearing the news, picked up his fire gear and headed to the Brooklyn Battery Tunnel to enter lower Manhattan. With his truck hopelessly blocked by traffic, he ran through the mile-long tunnel on foot in full gear, and perished.

And 28 seconds for the Langone family. Peter Langone was a fireman about whom was said he "had only one speed, and that was fast forward." Thomas Langone was an officer in the police Emergency Services Unit. He collected 42 medals in 18 years and went to Oklahoma City in 1995 to help recovery efforts after the bombing there. Gov. Frank Keating of Oklahoma said at his funeral that Officer Langone and his colleagues "brought with them honor, courage, humor and occasionally a funny accent." Mayor Giuliani, speaking at the joint funeral, told the four children of the Langone brothers that "We owe you a great deal….it will be paid back."

For 103 minutes, we will reconnect to those we love, recall a time when all of New York, and much of the world, recognized our common humanity, and think about every one of those 443 ordinary people who did remarkable things and whom we owe a great deal.

May their love give us love.

Sunday, June 8, 2008

Big Brown: His Connections, So Eager to Celebrate, Forgot their Horse

In "And Justice for All," Al Pacino plays Arthur Kirkland, a criminal defense attorney. In the climatic scene, he explains to the jury that the prosecutor "wants a win so badly today, it means so much to him, he is so carried away with the prospect of winning, that he forgot something absolutely essential to today's proceeding. He forgot his case. He forgot to bring it."

And so it was with Richard Dutrow and Michael Iavarone, trainer and principal owner of Big Brown.

When Funny Cide and Smarty Jones were preparing for their tries at history in the Belmont, their trainers spoke with cautious, pensive optimism, mixed with respectful concern. Not so with Dutrow. As soon as the Preakness was over, a triumph in the Belmont was a foregone conclusion.

Cracked hoof ? No problem.

Four days of missed training? Won't hurt him a bit.

A new, clearly talented opponent ? Has no chance.

 Thirty years since a Triple Crown ? The other trainers didn't know how to train their horses.

Iavarone held discussions with NYC officials about a ticker tape parade, mused about how hefty sales of Big Brown merchandise might be, planned a $100 million horse hedge fund and signed a sponsorship with Hooters.

Since I thought about betting Casino Drive heavily to win the Belmont, I read their comments, looking for any foundation to justify their confidence. And I found none. As I wrote on Friday, Big Brown faced some serious obstacles in this Belmont, and most of them remained obstacles even after Casino Drive was scratched. Dutrow had no plan to overcome them, and his owner was on the same joy ride.

When the gates opened up on Saturday, it was revealed that Dutrow and Iavarone wanted a win so badly they had forgotten something absolutely essential to the day's proceeding: they forgot their horse.

From my vantage point, I knew the race was over before they entered the first turn. The horse, so placidly professional in the Derby and Preakness, was very rank and his head was not in the game; after settling down a little bit, he again began to get rank as soon as the serious running started, and his rider wisely eased him. There was Dutrow in the stands, wearing a Trump hat and preparing his acceptance speech. Pressed to explain the loss, he blamed his rider for pulling the horse up. As Arthur Kirkland would say, Dutrow was out of order.

Read more about what happened to Big Brown.

Thursday, May 22, 2008

On Internet Privacy, Fend for Yourself

The Washington Post ran a story today about the FTC's review of behavioral targeting by Internet advertisers. I have followed the regulation of Internet advertising for ten years, and I believe the privacy issue is much more interesting to privacy advocates and journalists than to the average Internet user. It's not that the issue needs more publicity; thousands of articles have been written, speeches made, press conferences held, and lawsuits filed, not to mention billions of banners ads run by well-intended marketers themselves. And still, most people have little interest in the issue, and those who do care about it protect themselves with cookie-deleting or ad-blocking tools that are inexpensive and readily available. The FTC has repeatedly told Congress that it already has all the regulation it needs to protect Internet users, because deceptive practices are already illegal, and almost any egregious intrusion on your privacy can be connected to a deceptive practice.

With my good understanding of the landscape, I recommend to friends that they familiarize themselves with the information that marketers collect, and when it crosses outside their personal comfort zone, take action, which often is as simple as opting-out or adjusting browser tools. Do not rely on the government law or regulation to protect you; the landscape shifts too quickly for that ever to be effective.

For instance, when AOL released supposedly anonymous search histories to academics and journalists a few years ago, the New York Times was able to track down one of the users within hours. Someone noted that, for a heavy Internet user, your search history is essentially a record of every thought you've had for the past several years. For some people, such a history is a benefit, because they can retrieve old searches and perform them again. To others, it's creepy. And fortunately for those in the latter group, most search engines make it easy to opt-out of their collecting your search history. And some Internet Service Providers are working with marketers to track every single Web site you ever visit, and then create a targeting profile. They provide assurances that the profiles are anonymous, and carefully secured. Many people actually prefer that any ads they receive be targeted to their interests. As long as these ISPs adequately disclose their practices and enable users to opt-out (which they can do by switching ISPs, for starters), there is no need for the government to do anything more, other than to ensure there is adequate competition in the marketplace.

How do you familiarize yourself with Internet marketing practices ? FindingDulcinea's Web Guide to Internet Marketing and Privacy is a narrated guide to the best resources for understanding both off-line and online marketing practices, and how to take steps to opt-out of practices you personally are uncomfortable with.

Sunday, May 4, 2008

Kentucky Derby - the Day After

With the Derby favorite prevailing, the "wise guys" who usually try to beat the favorite nurse their wounds. They were relying to much on history. Yes, no horse had won from the 20 post since 1929, but there had been only 11 Derbies with 20 horses in that time, and plenty of horses had won from far outside posts. To be sure, Big Brown had much to overcome with the post and his lack of experience, but as I wrote yesterday, while he had to "be far, far better than anyone else in the race to even be in the picture.... he just may be that much better than this mediocre field." And the field proved to be mediocre, and Big Brown far, far better. I did bet him on top in a lot of triple keys.

Unfortunately, while my top pick, Denis of Cork ran third at 27 to 1, I did not bet the filly, Eight Belles, at all. Sometimes a horse is so improbable that I would not bet on him or her even if they ran the race again in three weeks; but Eight Belles is one that, in hindsight, I should have had, due to her consistency in a field comprised largely of inconsistent, and mediocre, horses. Tragically, there will be no next time for Eight Belles, as she had to be euthanized after breaking two front ankles. NBC used bad news judgment in its coverage; it was clear to any experienced observer, of which NBC had many working the broadcast, that the horse had been euthanized immediately, and yet NBC pressed the reluctant Dr. Bramlage to explicitly say so on the air.

As with all Derbies, the large field caused some serious traffic problems. One horse I liked, Visionaire, appears to have gotten a particularly difficult trip, and I'll be giving him another chance if he makes it to the Preakness of Belmont. Big Brown certainly seems like a formidable Triple Crown candidate based on his emphatic win, but there's a reason no Derby winner has gone on to win the the next two in the past 30 years. Maintaining his form without a deep "base" of prior experience will be quite a challenge. And while it doesn't appear that any of the vanquished foes from yesterday are likely to turn the tables any time soon, there's always a few "dark horses" who show up to provide a fresh challenge. When Barbaro tragically broke down the Preakness two years ago, it obscured the fact that the winner, Bernardini, was a fresh horse who ran a remarkable race and might have won even if Barbaro ran his best race. One intriguing possibility this year is Casino Drive, a half brother to the past two Belmont Stakes winners, who plans to come from Japan for the Belmont.

Monday, March 10, 2008

Oh Danny Joy

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.

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.