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Archive for February, 2009

A better balance sheet

Dale Peskin at #wemedia conference.

Wall-street asked for a new story. Here could be a new balance sheet that could provide them this new story to tell the investors.

Appreciating assets
– Knowledge creation
– Connections, Creativity

Everyone equity
– Me, Us, Everyone

Upside liabilities
– Preserve fossil fuels
– Save trees

Good expense
– Free access
– Low operating costs

Outcomes
– Invention
– Innovation
– Good
– Social and financial capital

Twentieth century capitalism was dumb. Smart capitalism’s agenda is outcomes not income (If you are starting the company just to make money, stop now.), connections not transactions (It is easy for people to leave your product or service if it is transactionalized.), people not products and creativity not productivity.

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David Plouffe (the mastermind behind Obama’s campaign) was awarded the Game-changer award at the We Media conference. They are launching recovery.gov today.

David gave an address via video here at the We Media conference.

He mentioned about the holy grail of politics – how to use the Internet to organize people. Rapid response isn’t just a press release anymore. They did a great job using facebook, twitter, myspace and other tools. Their baseline mission was to get people to vote even more than raising money and contributing. Most importantly they had the inspiration behind the tools.

David congratulations on winning this award.

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I am blogging live about WeekendApps happening right now at Googleplex in Mountain View. Here is one of the posts –

http://opensocial.weekendapps.com/2009/02/quick-recap-day-1/

If the first day (Friday evening) looked like NBC’s reality TV show Apprentice then what followed on the day 2 and day 3 was very much like Survivor. The first day had some real drama and emotion similar to the Apprentice show when teams came together and ideas were hatched.

Friday started with a bang, starting with presentation from Kevin. The slides from his great presentation are online, here.

Dave’s presentation took us through Buddy Poke’s journey from ZERO users to 30 Million. Wow!  Liked what he mentioned about making sure you test your applications on really old computers. You would not believe the cyber-cafes in India and Indonesia still use those neanderthal computers – so make sure your app works with the lowest common denominator.

When Deepika Bajaj from Offerpal who moderated the panel on monetization asked the crowd – “Who here wants to make money from applications?”, no wonder almost all the hands went up. Long live capitalism! Real tested insights by Randall, Nick, Ben taught a thing or two about the $ side of the equation.

Then the real movie started with quick 30 second pitches by more than 20 participants. Here are the pictures on Flickr from Shirley’s photo journalism that tell the whole story.

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