There seems to be a fair amount cynicism around the business model (rather, the lack thereof) for these MOOC services. I personally believe that an interesting monetization model lies in examinations. EdX seems to be exploring proctored examinations with Pearson, but if someone can come up with a credible, non-game-able, non-proctored alternative, there's a lot of value to be created/captured.
Completing one of these courses along with the accompanying assignments only takes you so far. Grades in a rigorous examination, however, represent a credential, which in turn sets up much needed (by the candidates taking the course) signaling. Eventually, a lot of employers might end up becoming sensitive to this signaling. A crude example of this can be found here: https://news.ycombinator.com/item?id=3353543
If (and when) someone does crack this puzze and if employers in turn, react to this change, I see a lot of universities more than breaking a sweat. This latent potential is what, IMHO, most analysts / investors are really upbeat about.
This is an intriguing idea, but I see two fundamental problems:
1) Isolation through cliques can be a bit of a double-edged sword. While the prospect of being able to battle spam (and a wave of unsolicited mentions) is probably immensely appealing to the 1%, altering the fundamental contract on which the protocol is based is almost always a bad idea.
2) Even if this accounts for a non-trivial fraction of overall revenue, they aren't going to stop pursuing advertising dollars. Which means that they still need to own the stream. And that the third party client massacre will, therefore, continue unabated.
I'm not going to prognosticate about whether or not this service will take off. I really hope it does - the raison d'être seems genuine, or at the very least, passionately backed.
But that seems to be the very problem with it. In trying not to bury his lead, I believe Dalton Caldwell has let it take over the pitch. 95% "why" and 5% "what". 10 minutes in, I was still scratching my head wondering what the service will look like. And the name App.net certainly doesn't do the cause any favours. The first decent explanation finds itself relegated to question 2 of the FAQs.
This is an audacious attempt, and I laud that. But the pitch, in my opinion, needs an overhaul. Diaspora was also about the "why", but they addressed the "what" really early in their Kickstarter pitch.
I believe this advice applies to specific businesses / opportunities (most of them likely B2B).
B2C apps, especially those that rely on network effects to grow (Instapaper, Gumroad, Buffer) would do well to shrug off any concerns about clones, and continue to do what they do best: iterate on product and get more visiblity.
And while Instapaper and Gumroad might not have shared a detailed analysis of their journey in the "How I made $X in Y days on platform Z" format, their ability to succeed is in some ways tied to their perception as a successful business. In Instapaper's case, as a user, I'm building a repository of articles, and I wouldn't invest any effort if I felt the service wouldn't be around in a few months. A similar argument might be made for Gumroad - as a "paywall for everything", it just can't afford to seem small-and-under-the-radar, something that could easily be misconstrued as fly-by-night.
1. Programmers often have an attitude of “I can code, you can’t, so I am defacto better than you.” This often comes out in Hacker News comments.
While this observation is somewhat anecdotal, I can sympathize with the sentiment. But the real reason that commenters on Hacker News might appear conceited or condescending is because they usually comment to disagree. If they do comment to express their agreement, they are encouraged to do so only when they have a non-trivial contribution to make. And this focus on a high signal-to-noise-ratio (even though it may consist of far more disagreement) on HN is not by happenstance, it is by design (achieved through guidelines, self-selection, and curation).
The comment thread on Google+ referred to by the OP, is largely an echo chamber of low-on-signal assent, with the odd nugget in the rough. And while this isn't a bad thing for a marketer trying to cultivate and engage a large audience, it would be toxic for Hacker News as a community.
While the most insightful commentary generally lies in a well reasoned, thoughtfully worded counterargument, it's always hard to deal with being judged or disagreed with; especially in public. This may be exacerbated when an argument is worded poorly (see http://www.paulgraham.com/disagree.html). Unfortunately, the odds of either happening on Hacker News, are far higher.
There's a superbly written piece by Xianhang Zhang on Quora, that talks about the same concept. It's titled "Disregard Ideas, Acquire Assets" and presents a really convincing case by citing examples of entrepreneurs that focused on building assets, until as he puts it "they couldn't not do a startup with them". (Leverage could qualify as one of the more important ones, or if you want to look at it another way, acquiring substantial assets equates to earning leverage).
This notion runs contrary to the standard approach that most early stage entrepreneurs adopt, namely the "build a laundry list of ideas and filter the top ones out using a combination of a heuristic, common sense and (eventually) customer validation and keep at it until you have traction with a concept that matters" approach.
I'm going to stick my neck out here, and recommend the approach that Zhang proposes - "focus relentlessly on acquiring interesting assets and then execute on the startups that naturally fall out of them". This means you might be pursuing something for the longest time that doesn't remotely resemble a startup. I'd qualify this with one caveat - make sure whatever it is, it's something you love doing.
And I think this is an interesting way to go about becoming an entrepreneur. Maybe you shouldn't dive in the deep end straight away (if you haven't built sufficient leverage / assets). Maybe that's another way deferring gratification, what with how cool just 'being an entrepreneur' has recently become.
The don't-sweat-it-you'll-be-able-to-connect-the-dots-in-hindsight approach to life is both forgiving and encouraging in an almost avuncular way, especially when you're going through a period of intense personal turmoil that accompanies rejection. But then again, it suffers from a heady dose of survivorship bias.
And so the question begs, how do you know that you're on the periphery of a cul de sac, and all you need do is retrace your steps and begin with a clean slate? (This would definitely not have augured well for, say, an Airbnb. Then again, languishing in mediocrity or persisting in a stagnating job is like a slow death.)
The demo appears to be buggy, but they seem to have something substantial in the works. From the website:
Please note that Observer was build during the Node Knock Out, a 48 hour coding competition. The commercial version currently in developement, this free service will stay online as long as there are resources to support it.
This is such an incredible article on so many counts. I stumbled upon Ian Bogost when we were in the throes of the (then acerbic) "gamification" debate, and Foursquare was the undisputed toast of the interwebs. I've been following him since, and have found myself quite intrigued by the Cow Clicker story.
For me, the takeaway from the article isn't so ironic when you look at Game Development as any of the arts. And bear with the cliche, but save the odd exception, an artists' life is almost always a compromise between staying true to one's principles and courting mainstream appeal. Steven Wilson of Porcupine Tree, "perhaps the biggest rock band most people have never heard of", will certainly attest to this.
This new flavor could end up being the sweet spot between the Delicious we've come to know and the interesting but relatively niche TrailMeme (http://trailmeme.com/). I can see some interesting hacker focused stacks emerge that aggregate quality links around, say, getting started with a new technology or maybe fund raising.
The challenge with "stacks" though, as with any list curation web app, is 1) maintaining the quality of content and 2) surfacing higher quality collections as you scale and become more and more inclusive. And these are hard problems to tackle without having humans sift through thousands of stacks to pick the diamonds in the rough (Visit http://www.imdb.com/lists/ to see what I mean).
@il: Thank you, this is really insightful content.
I might be digressing here, but since you've offered to answer a few questions, here goes - I'd love to know what categories / sites I want to be looking at if my product's a small business CRM (like Highrise). To be more specific, it's a CRM tool that integrates deeply with Google Apps.
Maybe it's just me, but identifying a list of target categories that fits your audience well seems just as hard as optimizing the spend, especially when the audience isn't exactly niche.
All other things being equal, does how early (or late) you fill up the application form have any bearing on whether or not you make the grade? (I hope not)
You might think that this initial bias wouldn't help much in the end because the buyer would proceed to evaluate both startups and pick the one they thought was better. However, the bias isn't easily severable.
Again, I don't have any evidence beyond the anecdotal, but it's not even funny how critical a role this seemingly tenuous bias can play in large enterprise sales (where competing vendors offer nearly identical products / services). Makes a solid case (if you buy into the intuition, that is) for backing up an aggressive sales strategy with a well rounded marketing effort.
While the envolve plugin is extremely interesting, the HN implementation would probably be far more useful if you scraped the HN username for logged-in users and displayed it. Anonymity seems to kill the utility of chat. For those that wish to participate anonymously, you can always offer the option to opt out.
Needed: A multi-select that lets me decide what Circles serve as default sources for my Stream.
tl;dr To let me cut out the noise without the fear of missing out.
Why: My "Following" Stream is essentially a Twitter echo chamber, and most of the folks that post here are really prolific.
This drowns out any posts from friends & family, and I have to make an explicit click to view each of these streams.
For instance, right now, Robert Scoble is hogging most my Stream real estate.
I'd like to select "Friends" + "Family" + "Acquaintances" as the default sources for my Stream. I don't mind clicking on the "Following" filter to peruse this specific Stream every now and then, just like I dip into Twitter. I don't want these posts, however, to dominate my default Stream. And I don't want to have to delete my "Following" Circle to make this happen.
This will be my last response in this thread - I don't wish to troll / waste my resources on an argument that doesn't deserve them.
>why the bitterness
Because I'm yet to see a more primed-for-PR CSR initiative. At least from a startup. Much as I'd like to perceive it as being well-intentioned, it smacks of being the brainchild of a PR agency ("snapdeal.com Nagar" anyone?), which is all kinds of wrong. I'd have been just as indignant if it were Groupon or Facebook that pulled this off.
>their action is "unexpected" and perhaps more newsworthy as a result
There's a not-so-fine-line between innovative PR and inappropriate opportunism, and a responsible company would know better than to cross it. And that's the beauty of this issue - you're damned if you take a stand against it, because "they did help a poor village after all". If, as a business, you really wish to be an ameliorating influence, do it quietly - don't pimp poverty for PR. There are always other ways to grab eyeballs.
>as a fellow Indian (Indian-American), I always find it curious and somewhat unfortunate that there is a contingent of "the tribe" that can't just be happy when others in the "the tribe" do well.
That I'm afraid, is the classic ad hominem. Please read the parent comment once again and point out one instance where I've expressed disdain or envy for the company / the founder's success. As I've already said, I'd have been just as enraged had this been any other company from any other country. That you would confuse indignation at a dodgy PR stunt with envy for a fellow Indian baffles me.
At the risk of sounding like a complete cynic, isn't this nothing more than a shameless PR plug? And I think the bigger villain here isn't said company or their PR agency, it's CNN for carrying this crocodile-tear-jerking piece.
And if you're considering the "every little step counts and must be lauded" counter-argument, spare a thought for every faceless, deserving non-profit that's doing genuine, sustainable, long-term grassroots work and doesn't receive a shred of credit / support, let alone a mention from the mainstream media.
To quote from the article:
Story Highlights:
The residents of Shiv Nagar changed the village name to SnapDeal.com Nagar /
They wanted to show their gratitude to the online coupon company /
SnapDeal installed 15 water pumps so that villagers could have potable water /
SnapDeal's founder was tossed from the United States after his visa expired
"Tossed"? Really? Yes, immigration laws suck (I should know, I'm Indian), but I'm certain it's a lot less dramatic when your visa expires. Let's not trivialize the effort to improve the immigration status quo by dangling insinuations that extol pseudo-philanthropy.
What hurts me most, though, is that this hit the front page of HN.
Installed. Quite ironically, this is more or less what I thought Notifo would aim to be the first time I stumbled upon your website.
While I'm not particularly crazy about receiving notifications from most blogs I read, what I'm really looking for (from a notification aggregator) is the ability to receive notifications from the sources that I care about (essentially, social networks + email + blogs) in one place.
What this means is, I can disable popups (alerts) and enjoy a zen-like experience. And when I do take a break, there's one app that lets me know about everything I've potentially missed out on and need to be updated about. Push notifications create this insatiable itch and the cognitive cost of context switching ensures that life goes downhill once more than a couple of apps have been allowed to notify me.
This is something I'd be happy to pay for (and I admit, I might be alone). I think Boxcar comes closest to scratching my itch, but their implementation still leaves a lot to be desired, so I guess there's an opportunity there.
Completing one of these courses along with the accompanying assignments only takes you so far. Grades in a rigorous examination, however, represent a credential, which in turn sets up much needed (by the candidates taking the course) signaling. Eventually, a lot of employers might end up becoming sensitive to this signaling. A crude example of this can be found here: https://news.ycombinator.com/item?id=3353543
If (and when) someone does crack this puzze and if employers in turn, react to this change, I see a lot of universities more than breaking a sweat. This latent potential is what, IMHO, most analysts / investors are really upbeat about.