A bleary-eyed blogger on Wall Street: more thoughts from a week in NYC and the Syndicate conference
By Tom Foremski - May 24, 2005
The second installment of a journalist-blogger's somewhat patchy recollections of a hectic week in New York.
The trouble with Thursday last week was that my Wednesday was still going strong. The Syndicate conference finished Wednesday, and somehow afterwards I got caught up with a motley crew of RSS company execs and an investment banker or two.
I seem to remember it was all Bill Flitter's fault. Bill is the chief marketing officer of Pheedo, which serves ads on RSS feeds and also offers behavioral marketing services and analytics. Bill is a big fan of SiliconValleyWatcher and so is his friend, Tom O'Neill, managing director at Summit Private Capital Group. Bill invited me to join his merry band for a meal and a drink. Little did I know it would be 5am before my head hit the pillow.
A fun time was had by all - thanks Bill! Also, I must mention Rok Hrastnik, who by midnight had been dubbed “The Rok of Slovenia.” Rok, just 23 years old, is an astounding character and already a seasoned entrepreneur. He is an expert in online marketing techniques as E-commerce Manager at Studio Moderna in Slovenia.
By 10.45am Thursday I was finally awake, and realized I had to be downtown at noon at Financial Dynamics to talk to this large Wall Street PR firm about blogging. Financial Dynamics is where my friend Lauren Stein works as Assistant Vice President. Lauren had asked me to come in and chat to her colleagues about blogging and how companies are looking to use it in marketing/promotional activities.
I have been doing a lot of these types of meetings, sharing what I've learned so far, talking about some of the questions that blogging creates, and discussing how there are so many answers that we don't know yet. That's what makes it interesting. I also pointed out that Silicon Valley companies are not ahead of the rest in using these technologies; this is still very early days for everyone.
I said that blogging doesn't allow for spin. If you can't walk the walk, then however much you talk your talk, you will not be read. Marketing speak doesn't fly in this world. But if you give as much value as much as you can, the world will beat a path to your door. For that reason, blogging is the best form of promotion bar none.
A pleasant walk amid unpleasant memories
I then spend a pleasant afternoon wandering alone along the waterfront parks and observing the rebuilding of the devastated WTC site. I remember how different it looked when I was here just five days after the attack, helping out my colleagues in the Financial Times New York HQ.
The ruins were still smoking and the downtown area was covered in several inches of powdery ash, as people shuffled stunned and silent through the narrow streets. Throughout Manhattan, the fire stations were covered in messages and flowers.
Walking along a street you would suddenly come across candle-lit shrines to the fallen, walls covered in fliers with photos of lost family and friends, asking if anyone had seen them. Those photos and descriptions of the missing personalized the tragedy like nothing else.
Now, the district is sunny, bright, and new, and multiple memorials are there. But the walls of chiseled names don't hold the same emotional impact as did those missing person fliers taped to the walls.
The Flickricious Wists.com
I head over to my buddy David Galbraith's place, just off Wall Street, where I'm staying the night. Dave shows me some of the enhancements he's made to Wists.com, a very clever, slick but simple way to create visual bookmarks of favorite things. Dave has been adding more features such as an easy way to add images to blog posts and publish in just a few clicks. Dave could be onto a winner here and he already has Gawker Media using it and quite a few others sniffing around.
Find out what happened the day before in Part Three: Wednesday--Moderating the mother of all panels at Syndicate (guess how many daily feeds uber-blogger Robert Scoble reads? 1340!)
Find out what happened the next day in Part One:
By Tom Foremski - May 24, 2005 | Permalink
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Comments
Tom Foremski on Survey: Bosses are keeping staff in the dark on financial crisis
Thanks John. Yes, nice post. Cisco's $26bn in cash will get you through most downturns. Don't cry for me Argentina :-)
John Earnhardt on Survey: Bosses are keeping staff in the dark on financial crisis
Tom:
Head of comms at Cisco, Blair Christie, just posted a thoughtful entry on what challenging times mean for Cisco. Net net: focus on the customer, what you can control, and experience and CASH matter. Full piece here: http://blogs.cisco.com/news/comments/the_tomorrow_economy/
Matt on We've been here before - boom and bust in Silicon Valley
Good recap.
Tom Foremski on Fishwrap: Can Silicon Valley Save the World Economy? Don't hold your breath . . .
Dave: What's interesting is that some of Silicon Valley's top entrepreneurs have attempted to make health care more efficient. There are huge amounts of inefficiency in the health care system, that translates into potential huge profits. But, health care has resisted nearly all of the productivity benefits of technology. I don't know of any other industry where technology has failed so spectacularly in making an industry more productive.
DaveinHackensack on Fishwrap: Can Silicon Valley Save the World Economy? Don't hold your breath . . .
"Good luck with that Sramana, you are looking for help in the wrong place, imho. Our VCs won't do anything unless there are substantial profits to be had."
Funny how that works: smart, ambitious folks tend to focus their energies where there are profits to be had. Not speaking about Sramana specifically, but it amazes me how many folks who will trip over themselves to buy the next iPhone or other bit of Silicon Valley innovation never seem to worry if health care innovation wou
Bob on RantWatch: Extremely Poor Service from Wells Fargo
WAMU used to deposit any amount right away and make it available to me. Too bad they are now owned by Chase.
kathy on Case Study: Wells Fargo's Effective Brand Management . . . Not!
I've had the same outrageous treatment from Wells Fargo of late. I've been a customer for 38 years. They refused to deposit without a hold a large check from my dad's estate (drawn on US Bank--just down the street from Wells Fargo). They could have easily called to verify the check, but, oh no, the funds may be there this minute but you (the customer) could go on a spending spree and the check could be returned! I'll add that I have never had an overdraft or any fees on my account. As a
Luca Penati on Tripit Builds Cult Following for Online Travel Plans
I LOVE Tripit!
Tom Foremski on Advanced Micro Devices Spins Off Chip Plants as a Foundry Joint Venture
Doubtful: Historically AMD has had yield problems and Hector Ruiz did a great job in improving production. Either way, being in the fab business is challenging enough and AMD's ATI knows the fabless business model very well. Best to stick to designs than running fabs, IMHO. But Intel could put a stop to that.
I think Intel should be a bit lenient with AMD, it's good to have competition. But Intel has a take no prisoners attitude when it comes to competitors.
Luca on UPDATE: Intel Challenge to AMD Fab Spin Off
I am 99% sure it's 2. Usually IP licensing agreements are very specific about the identity of the licensee and what is allowed. I bet AMD can't do this without Intel's approval, which will come at a very steep price...
debbie rich on When the Cloud Precipitates...Potential Problems with Online Services (and Stikipad)
Debbie here. Just to clarify, the software company that I help manage, Digital Anarchy, is the entity that lost all of its historical data. Over 1.5 years of press tracking, product revision info, vendor relationships. I brought this situation to Tom's attention because it is larger than just my company's issues. Former Stikipad customers (and folks who are confused if they ARE still customers) have found my complaints about Stikipad on my completely unadvertised personal blog and commented a
doubtful on Advanced Micro Devices Spins Off Chip Plants as a Foundry Joint Venture
Where are your getting the info on AMD low Yields?
from your sponsor Intel?
you could have said bug designs, but this happened equally to Intel!
why don't you mention that with this JV,
The intel only advantage: fab financing
is removed !
(I put monopolistic position aside waiting for multi world judgements on those practices.)
you should also mention that AMD process dev cost is shared with other major IC manufacturers like IBM Toshiba, STM, Frees
Shannon Whitley on When the Cloud Precipitates...Potential Problems with Online Services (and Stikipad)
Great topic, Tom.
Cloud Computing brings many benefits, but there will be additional risks as well. As more companies build their businesses in the cloud and utilize services (such as storage) from the likes of Amazon, Google, or Microsoft, an outage with any one company could bring down several hundred others. We should pushback and consider these risks.
As you mentioned, this pushback is healthy. We are moving forward with the technical details, but we also need to focus
mavennyc821 on The Largest Risk in Silicon Valley is Taking No Risk - Why the Economic Downturn Will Spawn Hundreds of Startups
Great post Tom, adn agree. Here's similar sentiment today on CNET:http://news.cnet.com/8301-13953_3-10060141-80.html?tag=inside
Kevin Cimring on Steve Ballmer Warns Financial Crisis Will Impact Tech Sector
Hi Tom,
It's become widely recognised and reported now that the financial crisis is and will continue to impact the tech sector. In order to survive, new start-ups will need to define revenue models upfront and will no longer be able to rely on the old "web 2.0" approach of first launching and only then worrying about revenue strategies at a later stage. For those types of companies, VC funding will be scarce.
Kevin Cimring on The "Experiential Gap" . . . and the Growing Cosmos of Twitter Applications
Hi Tom,
I enjoyed your "Experiential" piece on Twitter, as this has been my exact experience. Initially I couldn't see what all the hype was about, but I succumbed to the wave of growing publicity and gave Twitter a try. Even then, I was a little circumspect but several weeks later and I am benefitting from Twitter immensely, in various ways. I have tried to explain Twitter to my colleagues, but they still look at me as if I'm crazy - like you say, you have to be "in it" to understand
Sabrina Horn on Thought Leader Interview: - Sabrina Horn Says "Sell Like Hell!"
Thanks Tom, it was a rare opportunity to have the time to talk and ponder so many important topics. We look forward to hosting you at our place, for an under the hood look at PR at Horn Group.
Sabrina
Tom Foremski on Silicon Valley Heads for Germany as Governor Schwarzenegger Pushes for Cebit Trade Show Alliance
Thanks Florian, I did look up Rampenfest, it's pretty funny!
http://www.youtube.com/watch?v=R2uZZzHfgOk
Florian on Silicon Valley Heads for Germany as Governor Schwarzenegger Pushes for Cebit Trade Show Alliance
Thanks Tom for this article.
I watched the video and laughed about the German accents. They reminded me of a video called rampenfest (google it :))
Cheers and greetings from Germany,
Florian
Bravia on Worth Watching: Silicon Valley Turns Out for Steve Ballmer at Churchill Club
Thanks for that video. It was great.