Check out this week’s Winners and Losers video :: https://www.l2inc.com/winners-losers-facebooks-roadkill/2016/blog
I myself I am not addicted to Snap but have played with it enough to see the potential. However I find it is not huge in Asia as compared to its dominance in America – which is why I think FB has a chance to keep chipping away at it given how huge FB is globally. I think the Spectacles are pretty cool and actually want a pair.
Mostly though I am writing this article to remind myself to check on on Prof to see if he is right. He is predicting that Snap will collapse in value in 2017. With Snap heading to an IPO – this is gonna be fun to watch.
However read this to see how people are trying to buy up Snap shares ahead of the IPO and you wonder if this is a frenzy or people lining up for the next FB stock story? :: https://www.theinformation.com/snapping-up-snap-ahead-of-ipo-proves-tough
Then there is this article :: http://fortune.com/2016/12/02/tech-snapchat-spectacles-ipo/ :
Snap’s second feat is its forthcoming IPO. In November the five-year-old company confidentially filed to go public, according to reports, defying conventional wisdom among highly valued startups. The latest generation of startup CEOs disdain the short-termism of quarterly earnings reports; they see going public as a necessary evil to be avoided as long as possible. But not Snap CEO Evan Spiegel. This year has seen the slowest IPO market since the 2008 financial crisis. Snap’s IPO will be the most talked-about debut since Alibaba went public in 2014.
I honestly don’t know how to predict what will happen. My guess is a massive IPO pop and they will use the stock to go on an acquisition spree to shore up all angles of their vision but I wonder if they can build the profits like FB can over time. I am doubtful.
Will be great to see the outcome and watch the Prof either celebrate or eat crow.
It is sometimes hard to fathom how much my career life has altered over the years. Restaurants, Banking IT, Legislative Data, Internet Sites, Middleware, Consumer Tech, Video Tech and now VC – apprentice VC at that.
For me joining Jungle, seedplus.com, was more an entrance to joining a firm in the making. Some people will refer to working at a fund but I tend to like the idea that I am working at a firm with many funds. It takes time to build a firm that will stand the test of time but you have to start somewhere. I am new to the journey at Jungle Ventures but super thankful to be here and super excited about the years to come.
Lots of articles today on the closing of Jungle II. At 100M this is 10x the size of Jungle I. Quite the story.
Stay tuned for more.
Read this great post on AVC today :: http://avc.com/2016/11/keep-it-simple/
It reminds me of some thoughts on product management – then I realized how I had written up this multi-parter but never got past part 1. oops. https://seedvc.blog/2014/08/20/how-i-try-to-product-manage-part-1/
Let me add my point – which is based on this comment from Fred:
The number one cause of employee unhappiness and unwanted departures is “I don’t understand where we are going.” That is a failure of leadership on the CEO’s part. I agree with John, keep it simple and repeat often and don’t mix up your messages. It is critical, particularly as the organization grows in size.
One of the hardest problems I faced with teams small or large was keeping everyone on the same page and making sure the product management process aligned with the business process. It would be easy to find work to do or to evolve a product or a feature or just let a dev work on something “cool”. Problem is though that all those things may not help solve a business goal.
The issue is you need to convey to the product team where the company is going and how the product cadences will help the company meet the business goals. There is no perfect way to manage all of this but what started to work for me was having 6 month big picture meetings where business goals where stated and the product roadmap would be discussed as a group but with the clear idea that the product needed to support the business needs. Then we would try to break things down by quarter and by month. At a product level we might even get down to 2 week sprints.
At the beginning of the 6 months, post the big pow wow meeting, everyone knew where we were going and everyone knew their role in the outcome. This helped with dealing with wayward devs or product creep but this also helped deal with the other side of the coin which is when the biz folks would change their mind midstream. I think it is important to hold both sides accountable – if you stick to the plan then normal schedules are okay but if the biz people want to alter the course, which is perfectly okay, then the biz people must accept that the product schedule will get pushed back.
This way everyone knows the plan, everyone knows how to make it work and everyone is accountable for time changes if there are scope changes. It is not easy. No amount of tools make it easier but making sure everyone knows where the biz is going and how is an important step in how product management works.
Congrats to Jon and his biz partners on some great coverage in the SCMP :: http://www.scmp.com/sport/other-sport/article/2049431/full-metal-dojo-looking-take-mma-back-its-roots-while
I hope to make it to the next event in Bangkok.
I am digging seeing Om in long form in the New Yorker :: http://www.newyorker.com/business/currency/silicon-valley-has-an-empathy-vacuum
He makes some solid points but I don’t see the valley changing much given it’s such a bubble. Both the wealth and the protection from the real world but I do wonder how the Trump era is going to attack it and how the valley will rise to the challenge.
Empathy would be a great place to start.
I have talked about this some before :: https://seedvc.blog/2016/10/17/empathy/
This is pretty interesting :: https://cdn.ampproject.org/c/s/brightside.me/wonder-curiosities/finland-will-become-the-first-country-in-the-world-to-get-rid-of-all-school-subjects-259910/amp/
Obviously a work in progress but it feels like the right way to try and tackle a new period of education.
I don’t know what the right answer is to how best to educate kids. Even with my own kids I struggle a bit since I would choose options other than Singapore public schools but the options are not much better and vastly more expensive.
I have done some private school, some home school, some public school but very little university – my views are all over the place but my most enjoyable school experience was 4-8th grade. One room classes with one teacher and an assistant who took us through all of our courses, read books to us and introduced me to computers. Small classes with teachers who cared and who had also had other careers in their past – they were not teachers from day one.
This actually may have been the difference – since they brought in their previous experiences and shared bits about real life and career theories.
Looking back I am pretty sure those 4 years of school were my most formative. I one day aspire to teach some after I retire.
For reference on the title :: https://en.wikipedia.org/wiki/The_Rest_of_the_Story
So everyone is aware that I am at Jungle Ventures but as of today I can now give you the rest of the story.
Some PR should hit the wire later but in the meantime – our new site is live.
The journey starts today.