Startup Life
Technology. Startups. Venture Capital. My Life.
Posts tagged social
socialDeck Platform Demo
Aug 14th
socialDeck, the creators of Shake & Spell on iPhone, Facebook and BlackBerry, have just launched a new demo on their website that discusses the various components in their technology platform and how it looks and feels across form factors.
The demo shows how the gameplay stays consistent across device types, and features such as their “trash talk wall” (or “chat”), leaderboards and social discovery engine all work.
For convenience sake, I’ve simply embedded the video below (view it at socialdeck):
Business and Military Strategy
Jul 18th
I have been reading the book Guns, Germs, and Steel by Jared Diamond, and it has inspired a concept/theory on developing competitive online and mobile businesses that I am going to pursue further in my work with our portfolio companies.
At one point in the book, Diamond discusses the invent and adoption of guns by a number of countries. At the time, guns were the most powerful weapon. Countries that failed to adopt and manufacture guns for military use (the reason did not matter, whether cultural, tactical or lack of know-how), eventually succumbed to their neighbors or other invading troops in possession of such advanced weaponry.
A parallel can be drawn to online or mobile businesses in today’s world that have a product, but are not leveraging the necessary tools (or “weaponry”) to compete aggressively. Consider a small, vulnerable startup without “guns” taking-on larger industry giants with “guns.” The startup needs to get on level footing before any shift in market share or significant user adoption takes place. Another way to view this is to ensure your product has at least the same level of core functionality as your most significant competitors, and then innovate on top of that base. Note: There are obvious exceptions and I am being general in my statement.
Right now, there is an unprecedented number of free tools that allow business to increase the virality, social interaction, visibility and overall stickiness and competitiveness of a product or service. These can and should be leveraged to topple giants.
Virality and Social Interaction: I am referring to the use of Facebook Connect and Twitter/OAuth to increase social interaction, sharing of links, and recommendations to a user’s social network. The websites that have adopted the use of Facebook Connect have seen massive increases in hits to their website; laggards and late-adopters are suffering, and those who adopted early are reaping the benefit. Use Facebook Connect. Virality can be spread many other ways; remember content is still king — create a company/product blog and start a Twitter feed to inform your followers about industry trends and product updates; also make sure to address any concerns that users voice about your product. By using Twitter, companies can stop bad press before it starts, which could save startups one of their nine lives so to speak.
Stickiness: Give users a reason to return to your website or mobile application. Can you think of way to demonstrate continuous value to users of your site? If you can, you may enjoy more frequent visits from users. A user’s return could be influenced by social pressures (responding to a request driven/initiated by a friend), self-interest (check alert / view an update), curiosity and general need. Make use of different technologies to stay in touch with users, according to the preferences they like — allow them to select options including email, SMS (may be costly), Facebook, Twitter or through other widgets that may integrate with iGoogle or other portals.
I am going to continue to develop this theory. The next book on my reading list is Art of War by Sun Tzu; I hope that will be a good catalyst for a good follow-up post.
As always, I invite you all to contribute your thoughts below. Can you draw any other parallels between military strategies and business?
Top Social Networks for Entrepreneurs
Apr 27th
I subscribe to this outstanding weekly email from The Policy Dialogue on Entrepreneurship. This week’s email discussed a recent post on Mashable, that highlighted the top 10 social networks for entrepreneurs.
In summary, these sites will help businesses/entrepreneurs to find other entrepreneurs, potential customers, or partners.
Here is the top 10 social networks for entrepreneurs:
1. Entrepreneur Connect
2. Partner Up
3. Startup Nation
4. Linked In
5. Biznik
6. Perfect Business
7. Go BIG Network
8. Cofoundr
9. The Funded
10. Young Entrepreneur
I’m doing my best to get connected, and maintain profiles on LinkedIn and Twitter. As time permits, I am going to explore each of these sites. Feel free to extend an invite to link up.