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    07 June 2007

    Covestor Real Trade Sharing Service Launches

    I've not posted for a while whilst we've been working on our new venture which launched this week.

    Covestor_logo Covestor is a real-trade sharing service to enable self-directed investors to compete with the pros.  It's the first service designed to recognize and reward the "unsung heros" of investing - those doing the hard work only for themselves.

    To find out more visit www.covestor.com.  A couple of blogs covering our launch - SeekingAlpha and GigaOm - go check them out along with my Covestor Fact Sheet profile.

    14 December 2005

    The Poverty of Attention - Take II

    As anyone who's tried to secure investment from a venture capitalist (VC) knows, getting your proposition to stand out from the crowd and grab their attention is just the first of many hurdles.  Click here to see a short video of how one entrepreneur from Boston made sure Fred Wilson took note!

    25 October 2005

    Google - The 100 Billion Dollar Company

    Google_logo_1Last week Google announced record revenues of nearly $1.6 billion for the third quarter ending 30 September 2005, nearly double the same period in 2004.

    Since the announcement, the company's market capitalisation topped $100 billion for the first time just 14 months after becoming a public company.  At the time of the Initial Public Offering (IPO), when their shares were priced at $85, Google was valued at $23.1 billion.

    This meteoric rise puts Google in an exclusive club of only around 20 companies which have market values of over $100 billion.  This club includes famous names such as Microsoft ($271 billion), Intel ($143 billion), IBM ($135 billion), Coca-Cola ($102 billion).  But as Red Herring reports, none got there as quickly as Google which is just 7 years old.

    Google's success underlines the huge impact the Internet is having on society as it becomes more entrenched as part of our day to day lives.  In less than 10 years the web has transformed how we research, consumer information and communicate.  And Google, although not one of the original search engines, has been at the heart of this revolution.

    But does this make Google worth as much as Coca-Cola, a company founded back in 1886?  I am currently reading John Battelle's book, The Search, which may help to crystallize my view.

    17 October 2005

    Controlling the Corporate Message

    Netimperative published an interesting article today on the use of blogs by the corporate community in the UK.  According to a recent survey conducted by SixApart and Lewis PR, only 11% of CEOs and communications directors from UK companies have developed either a personal or corporate blog.  That is despite 43% agreeing that blogs will become a major source of information in the future.

    Being fairly new to the blogosphere myself, I'm still discovering the existing online conversations I want to contribute to.  And as I mentioned in my first post, public opinion can now be influenced like no time before by individuals.  Customers, competitors, suppliers, journalists and employees are all blogging.  So the corporate message has become much more difficult to control as individuals are empowered like never before.

    A recent example.  Matthew Peterson was one of hundreds of thousands of consumers who had bought a new iPod Nano following its launch.  But he soon discovered the Nanos he and many others had bought had display screens which damaged easily, often within hours of purchase.  So Matthew set up a site (flawedmusicplayer.com - now taken down) as a means of seeking the comments of others who had similar experiences and to pressure Apple into acknowledging and dealing with the problem.  Within days, his site and numerous other blogs had literally thousands of comments from people commenting on these problems.  Traditional media also picked up on the story giving it even greater prominence.  In response, Apple acknowledged the problem saying there was a "vendor quality problem" (and not a design issue) and stated that it affected less than 0.1% of shipped products.  Apple also offered to provide those affected with a replacement free of charge.  In this example, Apple responded quickly and extinguished what could have been a PR disaster.

    So organisations are putting themselves at significant reputational and commercial risk if they do not monitor and respond to these online conversations in an agile and positive manner.  And these conversations are happening today, with or without the participation of the organisations they may concern.  So there is a great opportunity, perhaps an imperative, for organisations to influence these by actively participating.

    Just last week, Union Square Ventures, a venture capital firm in New York converted their corporate website into a blog - Fred Wilson, one of the partners, explains why here.  This may be an extreme approach for most but there are some valuable lessons to be learned. 

    Lewis PR recently held a breakfast seminar to discuss the impact of blogging on the corporate community and provides some thoughts on the dos and don't of creating a corporate blog.  You can view the presentations here - well worth taking a look at.

    10 October 2005

    Following Our Million Dollar Student

    It's been 8 days since I blogged about Alex Tew, "The Million Dollar Student" so I thought I'd check out how he's been progressing with his grand pixel sale. 

    Since my last post, Alex has made another $95,700 taking his total $337,100 to date - even his business studies lecturers are impressed!  Sky News also picked up the story and you can see Alex being interviewed by clicking on the video link in this Sky News report

    02 October 2005

    Beenz Founder Launches New Currency

    The Prufrock column in today’s Sunday Times reports that Charles Cohen, the founder of beenz.com, the former “Internet currency”, together with Vincent Tchenguiz, are soon to launch a new currency called Cashish.

    According to the Cashish website, a customer will be able to purchase Cashish using one of the following methods:

    ·         paying cash in shops, petrol stations and mobile top-up terminals

    ·         via credit / debit cards

    ·         transferring cash from Paypal and other online payment services

    ·         charging deposits to mobile phone bill / pre-pay account

    The site claims some of the best mobile content, gaming, adult and gambling services will accept Cashish.  Cashish enables anonymous payments, which is the only advantage I can see over other payment methods such as credit cards, online payment services (e.g. Paypal) and charging to mobile accounts. 

    Interestingly, Paypal recently announced its intention to start processing micropayments, designed for purchases under $2. 

    So will Cashish thrive where Beenz failed?  With Beenz, I never understood the need for another currency in order to facilitate transactions on the Internet.  Likewise, I'm not sure it's necessary for mobile transactions, although the anonymous nature of transactions is likely to make it more compelling.  But rest assured the mobile operators won't take any threat lying down.

    Million Dollar Student

    Alex Tew, a 21 year old university student from a small town in Wiltshire, England is the brains behind The Million Dollar Homepage, an ingenious idea to sell advertising space by marketing 1 million pixels on the website's homepage at $1 each in order to fund his way through university.

    In less than a month since the site's launch, Alex claims to have sold 240,100 pixels, raising the same amount in dollars.  An astonishing achievement.  The site is currently second on Alexa’s Movers & Shakers list and for the last week ranked as the web’s 837th most visited site.

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