Archive for August 10th, 2007

Google To Shut Down Paid Video Site

Om Malik | Friday, August 10, 2007 | 4:57 PM PT | 7 comments

Google will be discontinuing paid rentals and downloads five days from now. Not only will videos no longer be available for rental or download, but previously purchased videos will no longer be playable. By way of apology, Google is offering $2 coupons for Google Checkout (or at least that’s the amount on the notice we saw; see below). Continue reading

Taking off for the weekend

Om Malik | Friday, August 10, 2007 | 12:36 PM PT | 4 comments

It has been a really long week, and for some odd reason, I am not able to write anything today. So instead of torturing myself, and by extension you, I am calling it a day. It is better to spend rest of the afternoon making phone calls. Have a great weekend everyone!

Million FiOS customers & counting

Om Malik | Friday, August 10, 2007 | 11:01 AM PT | 22 comments

Folks at Verizon seemed to be pretty happy with themselves, pointing out that they are adding 2600 FiOS Internet customers a day, adding up to a they have a total of 1.1 million FiOS Internet customers at the end of second quarter of 2007.

They want 7 million by end of 2010. All they have to do is convince 4777 people sign-up every day (or 3.3 every minute) from this point forward. Random fact: Verizon claims to have put enough fiber to work that it can circle Planet Earth three times.

Update: Oh this can’t be good for their growth - apparently, a FiOS tech set a house on fire, accidentally ofcourse.

Update #2: Verizon folks say there was no fire, not even smoke.

When drilling a hole for the Optical Network Terminal, he accidentally hit an electrical wire, knocking out power to the house. Our bad, but no smoke, and no fire. Out of an overabundance of caution (always a good thing)the local fire department was called.

Update #3: Needham fire department says that there was a fire.

The New Data Management, Green Linux & The Flipper

Om Malik | Friday, August 10, 2007 | 8:12 AM PT | 1 comment

The great online shift is creating massive amounts of data – whether it is videos on YouTube or social networking profiles on MySpace. And that data is stored in databases, making them the key component of the new web infrastructure. But managing that information isn’t easy, and there are signs that database management will be vastly different in the future. Read more »

* Earth2Tech: Jolly Green Linux
* WebWorkerDaily: Where do you find third party apps for your iPhone.
* NewTeeVee: comScore adjusts metrics, better measures video embeds.
* FoundRead: How one start-up founder used real estate bubble to fund his company.

Elsewhere on the blogs this morning:

* Tao of Mac: First impressions of VM Ware’s Fusion.
* VoIP Watch: SunRocket-related troubles continue.

Did iPhone Shake Up The Mobile Biz?

Om Malik | Friday, August 10, 2007 | 7:08 AM PT | 0 comments

Apple’s iPhone in first thirty hours caused some (minor) shifts in the overall wireless market share, according to data compiled by UBS Research. As reported earlier, iPhone resulted in 146,000 activations for AT&T, while the actual sales of the device were around 270,000.

“Net adds were probably boosted by the 60K iPhone gross adds which likely didn’t make it into the churn counts in the first 30 hours,” UBS analysts write in a note this morning. Here is the final tally: Continue »

Data 2.0: How the Web disrupts our relational database world

Nitin Borwankar | Friday, August 10, 2007 | 7:00 AM PT | 6 comments

The great online shift is creating massive amounts of data – whether it is videos on YouTube or social networking profiles on MySpace. And that data is stored in databases, making them the key component of the new web infrastructure. But managing that information isn’t easy, and there are signs that database management will be vastly different in the future. Continue »

The Flipper

Found|Read Jamie Lerner | Friday, August 10, 2007 | 2:20 AM PT | 2 comments

Watching television shows like A&E’s “Flip This House” and hearing stories of families spending entire weekends on seemingly easy home renovation projects gone awry makes me laugh (and sometimes cringe) as these are vivid reminders of my real-life adventure funding my current company back in 2001. I did it by flipping real estate.

As the dotcom bubble continued to shrink, so did the myriad of venture capital financing options available in Silicon Valley. Long gone was the seemingly bottomless pool of funds, and entrepreneurs boasting great ideas and legitimate business plans were forced to look elsewhere. It is here that I found myself, Jamie Lerner, the intrepid entrepreneur, faced with one of two options — give up on my dream of founding my own company or find a way to procure the necessary resources somewhere other than Sand Hill Road. I opted for the latter.

Quite honestly, not founding my network and systems monitoring start-up CITTIO was never an option, but the path I took to fund it is not for the faint of heart. During this time of uncertainty, I realized that while the tech market sagged, the real estate market was booming. Moreover, interest rates for real estate loans were at an all time low. In some of the hotter markets at the time, such as Sacramento, real estate could provide a return of three-to-four times the initial investment in just two years. I thought, “Why not purchase some property in an up-and-coming neighborhood, put a little work into it, flip it, and use the proceeds to fund CITTIO?” Not letting a complete lack of knowledge about real estate or home renovation stand in the way, I decided to try my luck. I realized early on that my renovations would need to be as cost efficient as possible –- meaning I would be doing most of the heavy lifting. So while my business plan came together easily, life as a construction worker by day and code warrior by night was not something I was entirely prepared for.

Spending all the money I had, and borrowing a little more, I purchased two apartment buildings close to downtown Sacramento. Armed with a hard hat and a half-dozen people, the buildings were torn down to the studs. I soon found myself working seven days a week with the construction crew to renovate a four and a 12-unit building and return them to their former glory –- classic Victorian and Edwardian styles. To say I worked hard is an understatement. What kept me going was the knowledge I would not only recoup the initial investment, but reap enough of a profit to, in fact, self-fund my start-up.

Mired in the muck of toting sheet rock by day and writing software code by night, I embraced the old adage “I’ll sleep when I’m dead,” and pushed myself and my fellow construction workers to produce the best homes possible. Quality over quantity are words to live by when flipping real estate -– and they ironically applied to the goal I had for CITTIO: to create and deliver a product that was not only attractive on the outside, but with the strong foundation or “plumbing” required to take on the established Big 4 network and systems monitoring companies and win.

Two years after purchasing the buildings, the properties were sold for three times the initial investment. This capital provided CITTIO with enough resources to boot strap the company for the first four years. As the environment for start-ups became friendlier, CITTIO secured $3.5 million in first round financing from Hummer Winblad Venture Partners after demonstrating a profitable business, 20+ paying customers and a product that actually worked. Fast forward to today and we count many marquee brands among our customers and $11.5 million in total funding from Hummer Winblad and JK&B Capital. As a reminder of where we came from, the old saw horses from Sacramento now serve as the foundations for many of our desks.

A lot of people ask, “Couldn’t you have done something easier? Does starting a business really need to be as dirty as putting in drywall, soldering pipes, and pouring cement?” My feeling is true entrepreneurs will figure out how to start and build companies regardless of market conditions or the amount of support services within their grasp, financial, legal or otherwise. It’s a primal urge, on par with a musician’s need to create music or an artist’s need to paint. To satisfy this urge, I used the most efficient funding method available to me at the time. Now that the real estate market has turned, I sometimes wonder, “What would I do now?” I can’t say I know the answer, but I’m 100 percent confident it would get done.

Question of the Day: What is your primary motivator?

Found|Read nickbuick | Friday, August 10, 2007 | 2:00 AM PT | 5 comments

Human beings have 5 psychological motivators: Prestige, Curiosity, Security, Experience, or Connection.

To quote PhD students working for Tickle.com, these motivators are defined as:

Prestige: The Prestige Motivation Scale measures the intensity of your needs to be publicly admired, to win in competitive situations, to be in a position of authority, or to have enviable possessions or wealth.

Curiosity: The Curiosity Motivation Scale measures the intensity of your needs to be independent, to understand how things work, to have new and diverse experiences, and to explore your physical relationships.

Experience: The Experience Motivation Scale measures the intensity of your needs to be attractive, to indulge in sensual pleasure, and to be stimulated by your environment or activity.

Stability: The Stability Motivation Scale measures the intensity of your needs to be safe, to understand cause and effect relationships, to avoid ambiguity and uncertainty, and to accomplish difficult tasks through skill.

Connection: The Connection Motivation Scale measures the intensity of your needs to belong to a group, to have fun, to care for others, to be the center of attention, and to be publicly recognized for your efforts.

Everyone has a bias towards one or two of these. You have a primary and a secondary motivator.

Being able to identify these in yourself is critical for helping you to consciously control your motivation level toward anything at all.

The first step is identifying the motivators that apply to you. Then with practice, you can control your motivation by adjusting your perspective towards a task.

For example:
My primary motivator is Prestige – “Fear of Failure” is an attribute of the prestige motivator. It can be problematic to have Prestige as your primary motivator because it requires you to insist on coming first. Nothing wrong with that – except that if you feel you won’t come first, you’ll avoid/detest the task altogether. I therefore find myself hating sports, etc.

To control this problem I’ve learnt adjust my perspective on the task and fall back onto my secondary motivator which is curiosity: a thirst for knowledge about any given subject or task. Doing this can increase my motivation level towards a task I might otherwise detest.

This is a handy skill to learn. Try it out for yourself, I hope it is similarly useful.

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