"Web start-up companies are like play-companies. They stand in relation to real companies the way those cute little make-believe baking stations stand in relation to kitchens."
A "serial entrepreneur" is in "stealth mode" for his "new blog" which, he reveals, is going to "target female readers," because "so much of the new media publishing focus is still on men" and "there is a massive market failure going on right now" and "so few new media properties have tried to capture the demographic ." No, I've actually cherry-picked the good sentences
I know, it's so crazy, absolutely no one has touched the market for women online, now maybe finally someone will build a web publishing company that "targets female readers" and then take it public, because what an amaaaaazingly good [...]
"AppData, a service that collects data about sites and services that connect with Facebook, indicated that Airtime had just 400 users a day and 10,000 over the course of a month, but Mr. Parker and other executives at the company suggested those figures were off. Nielsen and comScore, two independent analytics firms, both said that traffic to Airtime was so small that it did not yet register on their charts." —Aggressive Facebook-harvesting startup Airtime is surely going to pivot to a dong-related market.
It's been really quiet on the Internet Bubble front, because no one likes that narrative. It's bad for everyone! (Except some people.) But here's a report from close to the startup incubators that makes it pretty obvious that nothing's changed in the last year. Or if it has changed, then for the worst: "Y Combinator had sixty-five companies present. And we saw 500 eager investors, frenzied almost, excited to invest in entrepreneurs. One investor emailed me four times, texted me three times, called me and sent me a message on LinkedIn—desperate to get a check in before the round closes. No business plans, not even pitch decks [...]
With Buzzfeed announcing a fresh $15.5 million in funding today, on top of its previous $11.5 million in funding, all web properties should stop and ask themselves: what would you do with that cash? We already have it planned!
• office radio with AM and FM.
• tiny house collection in the middle of the office's sculpture courtyard.
• a "sympathy big board," displaying only least-viewed blog posts.
• Ben Smith's younger, weirder cousin from Ditmas Park, Yaniv Smith.
• an actual awl.
• basement meth lab (because media companies just becoming tech companies is very 2011; 2012 is about dreaming bigger).
• a fearsome, extremely [...]
Everyone is losing their minds over Netflix's announcement that they'll split into two companies: one that does streaming (called "Netflix") and one that does DVDs, called… Qwikster? (This comes after last week's Netflix freakout, over changes to pricing which immediately sent its stock down 19%.)
Now everyone is making fun of CEO Reed Hastings on his own corporate blog. But not just there! Everyone is also making fun of them everywhere else for not securing the Qwikster Twitter account before announcing this new company, which is lackadaisically maintained by a madly inarticulate marijuana-loving gamer named Jason Castillo.