by cameron | Jun 3, 2008 | Australian media
Renai LeMay did a story on Aussie start-ups in today’s AFR. But, of course, I can’t link to it online, because the zombies running the Fin still have it locked up tighter that a fish’s asshole. Memo to Fairfax – it’s 2008! HELLO?
Anyhoo, the article is also up on MIS Magazine’s website and you can read it here. I love that MIS Magazine is still called MIS, which apparently comes from the latin malum in se “wrong in itself”. So true, so true.
Read the article here.
It’s called ‘Funds drought hurts web hopes” and is basically saying that most if not all Aussie online startups are hurting from lack of funding. I kind of agree and kind of disagree.
Look – sure – if we all had a few million, I’m sure we’d be doing things differently. We could hire more people, invest in better infrastructure, hire some sales people, etc.
However, I’m not sure a lack of funding is necessarily a bad thing.
I’m sure we can all rattle off a bunch of start-ups in the US which raised a bucket load of money, only to be gone a few years later. Why? Because you have to learn to crawl before you can walk. Bootstrapping a startup, with little funds or people, forces you to work on the basics. What service do we provide? Who do we provide it to? What problem are we solving? How do we make money from solving it?
The benchmark that we seem to give to online startups is, I think, unhealthy. Unless they have a constant growth curve that looks like the Mt Everest, and are raking in the cash, we think EPIC FAIL.
However, I look at it a completely different way. I’m trying to build something that I will still be running in 20 years time. Something that can make a difference. Something I can have fun with. Something that will let me do what I want, when I want, where I want with whomever I want.
So check it – I haven’t had a job for nearly four years. I sit at home, playing on my Macbook Pro, talking to cool people around the world and getting paid to do it. I take my kids to school, pick them up, hang out with friends whenever I want – and I have fun doing it. I have zero stress in my life. Sure – I could easily spend a coupla mill. But at the end of the day, when I compare how I’m living today, to how I was living four years ago, I know which I prefer.
So how should we define success for a start-up? Is it a business with a billion dollar market cap, or a business that is doing good work, or a business which is allowing someone to follow their dream or a business which is making ends meet? Or perhaps its all of these things?
Here’s the thing about reading mainstream media – and I say this with all respect to my friends who work as journalists, editors and the like – the MSM does NOT want you to leave your work and build a start-up. They want you to conform – to sit in your little cubicle and live the Aussie dream, working 80 hours a week for the man, not thinking outside the square, not taking any risks outside of your footy tipping, just being a good obedient consumer and doing what you’re told.
by cameron | May 19, 2008 | Australian media, Podcast, science, transhumanism
In #323 I welcome back a previous G’Day World guest, one of my favourite scientists, Dr Aubrey de Grey.
Aubrey is the founder of The Methuselah Foundation, a non-profit 501c(3) organization committed to the acceleration of progress toward a cure for age-related disease, disability, suffering, and death.
They are running a special conference on aging at UCLA from June 27 – 29 and the Friday night session, with three hours of speeches from leaders in the field, is FREE. Book tickets here.
If you want to learn more about SENS, here’s a link to the show I did with Aubrey back in August 2005:
G’Day World #42 – Aubrey de Grey
The music on today’s show is “1,000,000” from the new Nine Inch Nails album “THE SLIP“, which is licensed under a creative commons attribution non-commercial share alike license.
NIN encourage you to
remix it
share it with your friends,
post it on your blog,
play it on your podcast,
give it to strangers,
etc..
ROCK ON TRENT REZNOR!
by cameron | Mar 22, 2008 | Australian media, Iraq
The title of this post is from a proposal I received for one of my outsourcing projects at the moment. I’m using elance.com to get a few things done and the process is intriguing. I have my new coach Tom to thank for pushing me to consider outsourcing. I’m finding it interesting on a number of levels. When you get proposals from people all over the world wanting your business, it can make you feel important and powerful – but it also challenges your own biases. Things like language. Should it bother me if someone bidding for build a brochure for me writes poor English in their proposal? I’ll be providing all of the text for the brochure anyway, so logically – no. But yet I still find myself gravitating to the bids with the better command of English.
The project I am awarding this morning is for the creation of the development of a two-page promotional brochure for TPN’s corporate consulting business. In 24 hours, I received 13 bids on the project, from places like Buenos Aires, Sverdlovskaja, West Bengal, Maharashtra… and New York. Some of the proposals are written in excellent English and some struggled.
The bidder from Sverdlovskaja (Russia) actually included some examples of his previous work, including one brochure which used a golden spiral (which I’m quite fond of) in the design, and it’s amazing how much that impacted on my decision to go with the firm. What impacted most, though, was his list of positive feedback from people who have worked with him in the past and his price, which was in the median of the bids I received.
Now I’m working on a project to build a marketing database to send the brochures to. The plan is to have 4 – 5 outsourced projects being worked on while I’m moving over the next week. Today is D-Day minus 5.
——————
My other thought for today is how biased THE AUSTRALIAN continues to be towards the Right. Over brekky at a local Yarraville cafe this morning I glanced through the first couple of sections of the paper and it AMAZED me how many of the stories had a pro-Right bias. They were all about how bad Saddam was, what a good decision invading Iraq was, how dodgy the recommendations in Prof. Garnaut’s draft report on carbon trading are, how dodgy the new ALP government is, etc. These weren’t all “opinion” pieces, btw. Even the selection of stories the paper covers and gives prominence to shows a strong Right bias. Why am I surprised? I guess that with the current trend away from the Right in Australia, the USA and the UK, I kind of expected Murdoch to tell his minions to move with the times. It seems he has other plans.
by cameron | Mar 11, 2008 | Australian media, Podcast
Bill Liao is one of those guys I just love to talk to. He’s smart, successful, humble, visionary – and nice to boot. Just who the hell does he think he is?
Apart from being a successful serial entrepreneur and a co-founder of Xing.com (a massive social networking site based in Europe), Bill is also driving an amazing project called Declare! where he’s encouraging everyone to make a “Declaration of Global Citizenship”. I spoke to Bill earlier today about his background, his motivation, his vision for the human race and what we’d all do if we’re ever taken over by lizard aliens from another planet. Strap yourselves in kids – this show is pretty awesome.
The music track today is:
310
“Fortuitous Bounce” (mp3)
from “Sixes and Sevens”
(Conduit Records)
Buy at Amazon
More On This Album
by cameron | Jan 27, 2008 | Australian media, Melbourne
Last year I did a blog post covering the general decline in circulation and readership for Australian newspapers.
The Press Council’s 2007 report shows a slightly healthier situation, with a handful of papers actually showing growth from 2001 – 2007. I’ve posted the main graph of Metro papers here (you might need to grab the actual image to read the details). To make it easy, I’ve coloured the papers with declining readership in yellow and the ones maintaining steady in grey.
However – when you read their report in depth, you notice that there has been some creative accounting with these figures in a desperate attempt to forestall the knowledge that their industry is closer to death than General Suharto (what? he died today? well…. let’s say Castro.)
The report sez:
A significant development has been the unprecedented initiative taken by newspaper proprietors, acting collectively, to establish a new organisation, The Newspaper Works, to reaffirm to advertisers in particular that newspapers offer them a better and more influential platform than other media and, complementarily, to improve total newspaper circulation and readership. The new organisation has also undertaken, in conjunction with polling organisations, to try to improve the techniques used to measure circulation and readership of print editions and to measure newspaper website traffic accurately.
(Italics mine).
So – they are factoring in their online readership. Fair enough. Here’s the secret though – as I’ve argued here before – the transition from paper to online is VERY BAD for the print news business. Why? Isn’t a reader a reader? It’s the economics, stupid. When you buy The Age, how much do you pay for the privilege? A dollar fifty? I’m not sure, i don’t buy it (unless I’m in it). When you read The Age online, how much do you pay? Nada. So – they are automatically making less money. What about advertising? Well – let’s say you’re an advertiser. If you want to advertise in a newspaper that people in Melbourne read, how many options do you have? A handful? If, however, you want to advertise on websites Melburnians read, how many options do you have? Bazillions. And that number is just getting bigger every year. So it’s simple supply and demand economics. You don’t make as much money from an online reader as you do from a print reader.
Okay, so revenues must be in decline. What happens next? Do they hire MORE journalists? No. As everybody knows, they hire less journalists. And so the quality of their content goes down. Does that make readership go up? I don’t think so. And so the cycle of rot sets in. Print news organisations have a very expensive operation on their hands. When revenues go down, when people get down-sized on a regular basis, morale drops and… hey I’ve seen it happen in a million IT companies. It’s what happens when you think you’re invulnerable to generational change driven by technology and you think your brand has some kind of magical power which will continue forever. Basically – you’re sucking on your own exhaust pipe.
We’ve had an opportunity to witness this last week with the announcement that ACP is closing down The Bulletin, a magazine I was fortunate to appear in a couple of times – when Josh Gliddon did the first MSM coverage of TPN back in Feb 2005 and again in October 2006. The Bulletin’s circulation had been down and it just didn’t make sense to keep it open, according to ACP management. And we all know how disinterested Packer 3.0 seems to be in the media business.
What did the ACP execs have to say?
The Bulletin is Australia’s longest running magazine and was launched in 1880.
In the latest Audit Bureau of Circulations figures, The Bulletin had 57,039 in sales (Sept 07), which is down from circulation highs of over 100,000 in the mid 1990s. This trend is consistent with that experienced by many leading weekly news and current affairs magazines globally and is somewhat symptomatic of the impact of the internet on this particular genre.
It’s the beginning of the end.
by cameron | Jan 8, 2008 | Australian media, Podcast
Today I chat with Bronwen Clune, Founder and CEO of Norg Media, an independent Australian media company that allows anyone to contribute to the news as a Cit J (citizen journalist).
We talk about her vision for Norg (which stands for “news organisation”), how the media landscape is changing, and about being a female entrepreneur (my first ever female entrepreneur guest in 3 years??? WTF?).
It’s great to finally have Australia’s other online media entrepreneur on the show.
Bronwen is very popular on Twitter and you can follow her by clicking the photo below:
Thanks to @m0nty, @jodiem and @glemak for their questions submitted via Twitter during the show. Sorry to everyone else, you were too slow. 🙂
The track on today’s show is:
Burial
“Ghost Hardware” (mp3)
from “Untrue”
(Hyperdub)
Buy at iTunes Music Store
Stream from Rhapsody
Buy at Amazon
More On This Album
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