Tuesday, December 27, 2011

Google Will Change Web Marketing in 2012 - Harvard Business Review

Brian Whalley

Brian Whalley

Brian Whalley is a search marketer at HubSpot, a marketing software company in Cambridge, MA. He focuses on search engines and developing strategies for how businesses can get found online. You can follow him on Twitter at @bwhalley.

Google Will Change Web Marketing in 2012

Google is poised to completely alter how websites market themselves over the next year. While easing users into changing search results pages, Google has also designed a new method for websites to structure data so that its crawler can better pull information. This is a tremendous strategy. Google doesn't need to own all of the information in the world, but does own the methods of accessing that information — as well as the ability to advertise to people who use that access.

Search results will include more direct information.
Early in 2012, Google will expand how it incorporates data into its search results. For search queries that are direct questions, it will no longer be necessary to click through to a website. In Google's parlance, it's like getting both the search results and the immediate result of the "I'm Feeling Lucky" button at once. It's not hard to see how this is better for the average Google user. Questions will be answered faster and more simply. No parsing of information will be required. This change, however, will take value away from marketers who rely on visitors clicking through to deeper pages.

Google is looking to collect more data by providing ways for website owners to structure their information so that it can be easily read by a computer. Google's plans revolve around metadata (literally, special data encoded in the page) that will allow it to access more rich data about a topic, including hours of business, names of products, and virtually anything else that you can think of. Marketers will see better search rankings if they document information using this new format.

Google is entering new industries and markets. The expansion of data into search results pages is also breaking into markets where Google is not yet a force. Google acquired ITA Software in 2010, a software company that created airfare and travel management software for airlines and resellers. Since then, they have worked to become a powerful competitor in the travel industry by promoting their own offers and packages directly on the search results page ahead of other providers. To see this in action, try searching for "BOS to SFO" in Google. This is a tremendous advertising presence that others cannot match.

If you're a marketer working on making sure your site is visible in an area where Google is competitive, remember that you may need to do more than an organic search or paid advertising in order to be successful. Google has created a system where people must pay in order to compete against it. Regardless of whether the information and options available to searchers are free or paid for by marketers, people will continue to use Google in overwhelming numbers as long as Google continues to have the best results for a given search.

The data that Google makes available will be reduced. Google now sees its ownership of data as a competitive advantage to be protected from marketers and other advertising networks. In the latter half of 2011, Google began to roll out changes that have taken data away from marketers, specifically about how and where visitors found their website. Since October, between 10-15% of visits to websites from Google have no longer sent information to webmasters and marketers. It is safe to assume that Google will continue to expand these changes, further limiting the data available to marketers unless they're willing to pay.

Google's activity in the second half of 2011 represents just the beginning of the changes that it will be pushing throughout 2012 as it establishes even stronger relationships with its partners, affiliates, and advertisers. While this happens, every marketer on the web will need to carefully consider and revisit how they are positioned with the search giant and its interests.

More blog posts by Brian Whalley

Required reading for all internet marketers.

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Tuesday, December 20, 2011

Must Have Hair Care: Oribe Supershine Moisturizing Cream

How Many Hair Products Do You Use?

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This morning as I was doing my hair, I felt decidedly low-maintenance for using only two products. Yes, "only." That's not because I'm a beauty product hoarder—it's because I have naturally unruly hair that requires three to four different products at a time. Maybe this is just a curly hair problem, since when I blow-dry and flat-iron my hair straight, I just use one product: a finishing shine spray (Kérastase Vernis Nutri Sculpt Shine Spray). But when I want to show off my natural hair, I go through a very unnatural process. First there's an anti-frizz serum I apply to my hair when it's wet. After it dries, I apply a leave-in conditioner to make it soft, like Oribe Supershine Moisturizing Cream. Then I spritz on the Kérastase, and then I use—depending on the weather, how recently I've washed my hair, and other ridiculously specific calculations—a mousse, gel, or pomade-ish wax to keep it that way; right now I'm obsessed with Shu Uemura Cotton Uzu Defining Flexible Cream. What about you—how many products are in your morning hair routine?

WHAT IT DOES:
Tames frizz and adds softness and shine to hair

KEY INGREDIENTS:
Kaempferia galanga root extract (provides natural UV protection); soy protein biopolymer (fights frizz); lychee extract (protects from oxidative stress); amber extract (strengthens and conditions); edelweiss flower extract (protects hair from drying, damaging, and color-depleting effects of the sun); watermelon extract (protects against deterioration of natural keratin); active keratin (fortifies and provides anti-aging protection and shine)

HOW IT FEELS/SMELLS/LOOKS:
It is a silky cream with a mild floral scent.

WHY WE LIKE IT:
It calms frizz and adds shine without weighing down hair or making it look greasy. It's also a good way to tame flyaways and smooth dry ends after a blowout.

AWARDS:
Best of Beauty 2010

 

VIA Allure BY SARAH WEXLER, WRITER, SEPTEMBER 23, 2010, 3:00:00 PM

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Monday, December 19, 2011

59 New Digital Media Resources You May Have Missed

good list for your bookmarks

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Five Things You Should Stop Doing in 2012 - Dorie Clark - Harvard Business Review

7 Things Highly Productive People Do | LinkedIn

Schedule your email. Pick two or three times during the day when you’re going to use your email. Checking your email constantly throughout the day creates a ton of noise and kills your productivity. Use the phone. Email isn’t meant for conversations. Don’t reply more than twice to an email. Pick up the phone instead.
Check out this website I found at linkedin.com

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Wednesday, December 07, 2011

Facebook's Secret to High Emotional Engagement? Faces [STUDY]

If you’re trying to understand why Facebook elicits such an emotional response, look no further than the name.

A study commissioned by Facebook examined how consumers’ brains responded to the site as well as to Yahoo’s and The New York Times‘s homepages. NeuroFocus, the Berkeley, Calif., firm that executed the study, found that of the three, Facebook scored highest on attention, emotional engagement and memory retention.

A.K. Pradeep, the CEO of NeuroFocus, says the presence of faces on Facebook are a major reason why. “As you can see, one of the dominant features of Facebook is the human face,” he says. “The face is a window to the emotions.” Pradeep says that since childhood we are trained to read people’s faces to discern emotion, and that such information is key to survival: Thus the stimulation we experience when scanning our newsfeeds.

In the study 84 adults, split evenly between men and women, were wired with EEG sensors, which measured their brainwave patterns as they visited the sites. All three sites scored better than average on the three areas. However, The New York Times did slightly better than the others on memory retention and Facebook was notably higher when it came to emotional engagement.

Pradeep says that faces explain much of the emotional appeal of Facebook. He says if Yahoo or The New York Times have recognizable faces in their articles, the emotional levels even out more. Even though faces on those pages are likely to be public figures rather than friends of yours, they still spur an emotional response. (Facebook’s launch of Subscriptions in September ensures that more users will see both in their news feeds.)

Facebook commissioned the study to display its emotional connection with consumers to advertisers. Though the report didn’t look at how an ad might work in one or the other platforms, an earlier NeuroFocus study compared a Visa ad on Facebook to one that ran on TV. That study found that the Facebook ad scored higher for emotional engagement than the TV spot.

Take away: Photos of smiling faces can be used to engage your audience on an emotional level.

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Monday, November 28, 2011

jasonhawkes | Designcollector™ | Ariel Cityscape Photo

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Amazing timing and lighting!

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Local Online Ad Spend Set To Grow 300% In 2011, 60% Ex-Deals

--Including deals/offers we expect local online ad revenue to grow over 300% in 2011, 60% when excluding offers/deals.  We expect local to grow 100% in 2012, 40% when excluding deals/offers.

--We believe local search is materially increasing its share of overall search

--We estimate click-to-call spend from local/regional retailers will increase 200%-plus in 2011 with a particularly strong holiday season.

--Data indicates that small businesses are claiming pages on web publishers focused on the local market at over 100% annually setting the stage for continued rapid growth in local online.

Michael Salafia  //  +1.305.942.8392  //  MichaelSalafia.com

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Social Proof Is The New Marketing | TechCrunch

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Interesting article breaks down 5 classifications of social proof in regards to internet marketing. thx @aileenlee @techcrunch

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Wednesday, November 09, 2011

World's Worst Idea: Porn on Planes

Kia Makarechi: Watch the Throne Tour Stuns at Madison Square Garden: A HuffPost Live Review

High above the twenty thousand or so who gathered at Madison Square Garden on a fall Monday night in New York City, the jerseys of retired athletic giants stood motionless as a cavalcade of lights and shuddering bass entertained the eager audience.

But two names stand out.

Elton John and Billy Joel's banners also hang in the fabled Garden's rafters. Joel earned his for a record 12-night run, and John's number, 62, signals the record number of appearances by an artist at the venue.

If Monday night is any indication, it may soon be time to print up a couple more banners.

By now every media outlet has had its chance to deftly recount the events of a Watch The Throne show. Yes, they play "N****s in Paris" three times. Yes, they rap on top of giant, moving risers with LCD side panels. And yes, Kanye wears a leather skirt.

But Kanye West and Shawn Corey Carter's joint concert is not an act ready made for tweets and text messages. The thrust of the evening didn't come through in ways that could be captured on camera phone photos to be posted to Facebook by the night's end. The magic of the evening was in its uncomfortable, unexpected moments.

One such turning point occurred when the two performed "New Day" together. The song is easily the most genuine track on the album, a spare moment where RZA's nimble beat underscores Kanye and Jay-Z's somber ruminations on the reality of fatherhood in the limelight.

They sat next to each other on the stage. As Kanye ran through the list of regrets he wishes his unborn child would never repeat, Jay mouthed the verse. West, who is known to be overcome with emotion when rapping about his late mother, became visibly quiet and subdued as his verse ended: "And I'll never let his mom move to LA / Knowin' she couldn't take the pressure now we all pray" (West's mother died of complications from plastic surgery). Carter asked the crowd to put one finger up for "all the love ones we've lost," as West's distraught face shined from the gigantic screens behind them.

Jay's verse is also suddenly more poignant, as Beyoncé's pregnancy is already the gossip fodder he envisioned ("Sorry junior, I already ruined ya / 'Cause you ain't even alive yet, paparazzi pursuin' ya"). His verse ends with his pledge to not abandon his child, and again electricity swept around the Garden's hushed audience. The elder rapper paused, eyes glistening, and said, "All the guys out there taking care of your kids, make some noise." In his typically accessible way, he added softly, "That's the cool thing to do."

It was unexpected, if not awkward. We've come to expect West to get riled up, to go off on rants. The show even included a bit piece West practiced at New Jersey's Izod Center earlier in the week, in which he cuts the intro to "All of the Lights" off three times in mock horror at a lighting director's (staged) inability to "turn on all the lights we paid for." It's a savvy trick of performance art, in which West plays a caricature of the post-Katrina-telethon Kanye he finally realizes that he's partly appreciated for.

He pulls a similar, though more genuine, trick when he performs "Runaway," his ode to his "asshole" side. It's always an extended version, in which he urges his audience to love each other and bleats his simple, yet aching regrets ("If I said I don't like your shoes tonight, don't listen to me, because I'm an asshole, you're always fine. If I said I don't like your hair tonight, don't listen to me because I'm an asshole, you're always fine. The only part I fucked up is that I thought you'd always be mine.")

But if even if we cynically chalked up West's emotional displays to mere antics, we can't do the same for Jay-Z. The latter never even breaches the topic of his marriage in public. Witnessing two grown men on a planned free-fall from the fun-loving, cars/hotels/watches anthems of "H.A.M." and "Otis" to a teary-eyed "New Day" in an hour makes one wonder just how much they can control -- can handle.

Everything about these two men is different. Jay-Z's within-the-beat dancing made Kanye look like he's dancing to dubstep. West forgot the lyrics to "Get 'Em High" in the encore's medley, Jay tried to get him to keep rapping. Jay kept his advice to a neat minimum and spent more time thanking the crowd than admonishing it, West gave us his sermon on the LCD mount about love. Kanye screamed inaudible encouragement, Jay punctuated Kanye's verses with the standard call-outs that make him the best hypeman in hip hop.

And yet if their delivery is nearly antithetical, why does the show flow so seamlessly?

In the end, they're just different paths to the same emotions. The ethos of the show is not epic or even about bravado. It's fear of what you've done, and what may happen. It's about two voices coming together and magnifying these feelings in chorus until you're ready to throw your hands up and dance and cheers to the "Good Life." It's that whether you're a free-speaking, suburban producer or a careful, precocious young drug dealer, you can end up throwing a party for twenty thousand of your friends-for-one-night at the Garden.

"I came here [to New York] with some beats in my pocket and I was too scared to even talk to Jay-Z because he was my fucking idol," West later said. "Now I'm on a stage with him. That shows you that dreams can come true."

Carter, as usual, kept it simpler, and in song. You may be in the audience, shelling out hundreds of dollars for seats in a stadium, but like the dad-to-be says on "Murder to Excellence," when you see them, you see you.

Follow Kia Makarechi on Twitter: www.twitter.com/Kia_Mak

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#moma #nyc south perspective

#moma #nyc

#nycmarathon running on #queensbridge

Blood Red #rollsroyce in #gotham city

Thursday, November 03, 2011

Lindsay Will Go to Jail After Playboy Finishes Photographing Her Vagina

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30 day sentence pushed back for a playboy shoot? That's pretty gangster.

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Blogging Tips: Drive traffic by commenting

Comments

I began commenting on several blogs. Initially I commented on any blog I could find, and paid extra attention on “do-follow” blogs—those that do not use the “no-follow” tag to prevent search engines from following comment links.

After a month of reviewing the analytics, I discovered something very important about commenting. It’s difficult to track the exact SEO benefit of each comment, but my best traffic has come from my most thought-out comments on other blogs.

I did not plan this, but when I ignored whether a blog was a do-follow or not, and instead commented when I was passionate about a topic, my visitors from those blogs spent on average four or five minutes on my on my site. That is a very long time on a website—especially when compared to traffic from other sources, which averages well under a minute.

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At a glance, what recent earnings reports have revealed about the state of spending on ads - The Washington Post

At a glance, what recent earnings reports have revealed about the state of spending on ads

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  • Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:

    Oct. 13: Google Inc. says advertising revenue grew 33 percent to $9.3 billion during the third quarter, thanks to the reach of its search engine and the effectiveness of its ads. After subtracting commissions, net revenue growth was 37 percent. The growth comes despite mounting worries about the economy. Google got 96 percent of its revenue from advertising that quarter.

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    Wednesday, November 02, 2011

    KANYE'D BY THE BELL @gregnuef

    Study: Mobile becoming integral to shopping habits

    According to a recent report from Experian Simmons, mobile technology is becoming an indispensable aspect of American shopping habits. As this trend continues, it will be imperative that businesses cater their content marketing campaigns to mobile devices to stay ahead of the curve.

    The report noted that the most common mobile shopping activity is research. Rather than making purchases on the fly, 15 percent of surveyed consumers are more likely to use their smartphones and tablets to explore their options so they can make informed decisions.

    In contrast, only 7 percent of consumers said they have used their mobile devices to make a purchase within 30 days of the survey.

    This highlights the importance of content marketing as a means of reaching mobile consumers. By utilizing local SEO and strong mobile web content, businesses are better positioned to connect with potential customers and encourage them to explore their products and services further.

    As Brafton recently reported, a new IBM study found that mobility creates new search marketing opportunities for businesses. According to the report, more consumers are expected to use their mobile devices to research information and make purchase decisions this year as the adoption of internet-enabled mobile devices continues to rise.

    Posted via email from Style Check

    Study: Mobile becoming integral to shopping habits

    http://twitter.com/#!/KARDASHlANS/status/131722670097186816

    Need a group task list / project management solution? Asana #free

    Cut down on email chains, group meetings and task tracking. Asana let's you easily create tasks, assign them to users and organize them by project. As an manager of an digital agency, this is something so important to our organization that we have developed our own proprietary system for it. Although we will still use our system, we will entertain using Asana as a suplement tool for task management and internal communication. Asana was actually developed for internal use at Facebook by co-founders Dustin Moskovitz and Justin Rosenstein. I'm just watched the video and it looks great, so I'll sign up now and report back with my recomendation. 

     

    via mashable

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    Tuesday, November 01, 2011

    Four Points Park, Roosevelt Island #nyc

    Photo

    by @michaelsalafia

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    Should Student Loan Debt Be a Crime? Yes ⎯ says @michaelsalafia

    by @keligoff via @huffingtonpost

    An 18 year-old with no credit history and no job walks into a bank and requests a loan to buy a $100,000 condo. What is the loan officer most likely to say?

    A) Sure! Let's get that paperwork started.

    B) Actually, why not go for a $150,000 condo?

    C) Is this a joke? No way. No how.

    I think we can all agree that in most cases the answer would be C. Yet year, after year millions of 18-year-olds essentially do just that -- take out tens of thousands of dollars in debt to buy something that they cannot afford, and will likely be unable to pay off in the near future or, in their lifetimes: an overpriced college degree.

    Just to be clear, I am not calling college degrees worthless -- at least not all of them. But I am calling a system that allows people who are not legally old enough to drink, to incur endless amounts of debt on a choice that they may have second thoughts about shortly after making it, questionable, and borderline criminal.

    By now we all know that the American student loan crisis is just that: a crisis. It's just a shame that it took those in power so long to wake up to this fact. Days ago President Obama announced executive action to provide relief to more than one million Americans struggling with student loan debt. The so-called "Pay As You Earn" proposal will allow 1.6 million students to cap their student loan payments to ten percent of their discretionary income, and to forgive the balance of their debt after 20 years of payments. This proposal comes on the heel of reports that for the first time ever, Americans owe more on student loans -- nearly 1 trillion dollars -- than they do on credit cards.

    As I have written about extensively, I consider education the gateway to the American Dream. I am someone who is far from wealthy, but I've enjoyed greater opportunities for success than my grandparents (whom as I have previously written worked in cotton fields), because I have enjoyed educational opportunities that they did not. But increasingly education is becoming a luxury commodity in this country, much like a summer home or a really great vacation. Those who can afford it, enjoy it. Those who cannot, don't. Only the repercussions for limited educational opportunity are much more dire than going without that summer home. Financial aid, in the form of scholarships, grants and eventually loans, were supposed to even the playing field allowing those of us born without a silver spoon (or a spoon at all) to have a shot at the same American Dream that those born with a full set of silver utensils, were able to enjoy. There's just one problem, of course.

    As we've come to learn, student loan debt has essentially insured that the rest of us could only rent the American Dream temporarily, but never really buy it in full. Like credit cards, student loans have allowed many of us to merely look like we were keeping up with the Joneses, but when that bill finally comes, the reality that you weren't ever really keeping up at all but merely pretending that you were, sets in -- often with disastrous results. Nearly a trillion dollars later and that bill is coming in full for our nation as an entire generation struggles to dig out of what's becoming a modern day version of indentured servitude.

    So who's to blame? Well much like the mortgage crisis, there's blame to go around. Speaking as someone who has two costly degrees, both of which could be viewed as non-necessity degrees (as in I didn't major in pre-med or some other field of study in which my degree was an absolute prerequisite to pursue my eventual profession) I acknowledge that adults have to take responsibility for the financial choices that we make. Just like a person who buys a house that they know deep down inside they really can't afford, a person who takes out significant debt for a degree they are not sure they plan to use also bears responsibility.

    But similarly, if we hold predatory lenders accountable for targeting low-income people for mortgages they cannot afford, then why are we not holding private lenders accountable for targeting students who take out loans that any reasonable person can recognize they cannot afford, and will likely never be able to? For instance, if there are only a handful of jobs nationwide in a field like Medieval Studies, then how is a lender who signs an 18-year-old to a $50,000 loan to pursue a degree in that subject, really any different than a predatory lender who targets a low-income widow? (Click here to see the 5 highest paying college majors.)

    I'm not suggesting that no one should be allowed to receive loans to pursue higher education, or even to pursue subjects of their interest. I am, however saying that we have got to reform the system, and put standards in place so that just as not just anyone can walk in and get a loan for a mansion, not everyone can get a loan for any degree.

    Perhaps a start would be requiring colleges and universities to be upfront about the job prospects of those who leave their institutions with degrees. There is already growing criticism of how colleges rig alumni employment data, but what if the government required schools to be more transparent? Instead of simply allowing colleges and universities to report general employment statistics on their graduates (which are notoriously deceptive because they rarely reveal whether that graduate with a PhD is waiting tables or that law school graduate is tending bar) what if schools were required to list the statistical likelihood of a new student at that school receiving employment in a particular field of study upon graduation? Think about it. If a potential college student were to go to the homepage of a particular department of a particular college and see that only 1% of graduates are working in his or her chosen field, he might think twice (or three times) before signing his financial future away for that degree. And you know, what? If he pursues that degree anyway? That's on him. At least he will have made a decision with eyes wide open, something too many young people and their families are not doing, because they are not being provided with the information necessary to do so.

    To insure the responsibility is shared equally, what if when signing loan documents the aspiring student was asked to sign letter of acknowledgment that he or she is aware of the employment prospects related to pursuing this degree with this institution. Might make everyone involved think more carefully before embarking on a potential lifetime of debt.

    As wacky as these calls for transparency may sound, just remember. Years ago people thought slapping health warnings on cigarettes sounded wacky too. But something has got to be done to stop the student loan crisis from demolishing the financial health of a generation, and with it the financial future of our nation.

    Students-loans2

    Keli Goff is the author of The GQ Candidate and a Contributing Editor for Loop21.com where this post originally appeared. Visit Keli's website here.

    Follow Keli Goff on Twitter: www.twitter.com/keligoff

     

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    Monday, October 31, 2011

    NYTimes: Regulators Investigating MF Global

    Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company's operations. http://nyti.ms/uHzk8C

    Posted via email from MEDIA CHECK

    From HBS Case to $.87 a share, will Kodak ever learn?

    Celebrity Halloween Costume Time Has Begun

    Inbound Marketing vs. Outbound Marketing [INFOGRAPHIC]

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    Inbound Marketing is on the rise! @michaelsalafia #digimix

    Posted via email from MEDIA CHECK

    Zuckerberg likes Boston over Silicon Valley for tech startups!

    Facebook’s Zuckerberg: If I Were Starting A Company Now, I Would Have Stayed In Boston "If I were starting now I would do things very differently. I didn’t know anything. In Silicon Valley, you get this feeling that you have to be out here. But it’s not the only place to be. If I were starting now, I would have stayed in Boston. [Silicon Valley] is a little short-term focused and that bothers me."

    zuck

    Yesterday, Facebook founder and CEO Mark Zuckerberg took the stage at Y Combinator’s Startup School in a candid interview with Y Combinator Partner Jessica Livingston. You can watch the full interview here, and it starts around the 43 minute mark, and lasts for roughly 40 minutes. If you have some time to spare, it’s well worth a look.

    Zuck revealed a number of fascinating things about entrepreneurship, founding Facebook, and product development, but one of the more interesting (and surprising points) came at the end of the interview when Livingston asked him what he would do different if he could go back in time. Zuck replied: If I were starting now I would do things very differently. I didn’t know anything. In Silicon Valley, you get this feeling that you have to be out here. But it’s not the only place to be. If I were starting now, I would have stayed in Boston. [Silicon Valley] is a little short-term focused and that bothers me.

    He explained that he had a conversation once with Amazon founder and CEO Jeff Bezos about this, and the average time someone stays in job at Seattle is twice as long than it is in Silicon Valley. “There’s a culture out here where people don’t commit to doing things, I feel like a lot of companies built outside of Silicon Valley seem to be focused on a longer-term,” he explains. “You don’t have to move out here to do this.”

    “There’s this culture in the Valley of starting a company before they know what they want to do. You decided you want to start a company, but you don’t know what you are passionate about yet…you need to do stuff you are passionate about. The companies that work are the ones that people really care about and have a vision for the world so do something you like.”

    Zuckerberg also talked about the early days, when he was at Harvard, thinking of the idea for what would become Facebook. I was in denial that we were going to make a company early on. When I was in college, I had a lot of conversations with my friends about the direction the world was going to go to and we cared more about seeing this happen. We built it and we didn’t expect it to be a company, we were just building this because we thought it was awesome, he explained

    When Zuck moved out to Silicon Valley in his sophomore summer, he thought that maybe one day he and his team would develop a startup, but didn’t think Facebook was that startup. “It was not like in the movie, there was no drinking. We all just lived in a house, iterated, kept going,” he said candidly. “It wasn’t until we got our first office in Palo Alto where things became more like a company. We never went into this wanting to build a company.” But a company is the best vehicle in the world to align a lot of people to achieve a mission, he said.

    Livingston asked Zuckerberg about how he pitched Facebook when he first pitched the business to Battery Ventures in Boston in 2004. “I barely remember that but I agree that it happened,” he recalled. “I don’t think I said anything and Eduardo said some things but it was fine because I didn’t want to do that anyway.”

    Zuckerberg said that Eduardo early on said that Facebook needed to raise money, and he was skeptical of VCs. “That was one of the reasons that we accepted from Peter Thiel, because he could relate to us on a founder level,” he explained, referring to Thiel co-founding his own companies, including PayPal. Zuck said that in Silicon Valley, everyone was talking about flipping companies and he found that to be unattractive. Another potential investor Zuck really was passionate about was Donald Graham, CEO and chairman of The Washington Post. He explained that he came close to taking money from Graham, but Graham actually encouraged Zuckerberg to take money from Jim Breyer at Accel Partners. Zuck saw this as the “best of both worlds.”

    He also gave startup founders advice how to guide on how to handle acquisition offers, and gave interesting insight on how he look at Facebook’s own acquisition offers. We really had one phase of this and the only reason why its’ this big story that everyone knows about us turning down a lot of money is because I messed up the process. It’s one of the biggest management mistakes I made through Facebook’s whole history. I learned a lot about the team at that time, and ended turning over a lot of that same team. I wasn’t in it for the acquisitions, and I wanted people around me who were in it for the long-term, he said.

    It’s not clear that you should turn down offers, he explained but you should take it if it means the company can go in the direction you want it to go on. “If you go through some big corporate change, it’s just not going to be the same,” Zuck said.”If we sold to Yahoo, they would have done something different, if you want to continue your vision of the company, then don’t sell because there’s inevitably going to be some change.”

    One of the key parts of operations is a ‘growth team,’ which is a centralized team Facebook set up to help its users stay connected an engaged. For example, Zuck said that through this team, the company found that members need to have at least ten friends to have enough content in the news feed to come back to the site. So Facebook reengineered the whole flow of the site when someone signs in to focus on having people find other people to connect with, so that people can get connected with friends (and meet that minimum) right away. Zuckerberg said that the company has exported this idea to another startups, including Dropbox. “Once you have a product that you are happy with, you the need to centralize things to continue growth.”

    When Livingston asked what surprised Zuck most in the history of building Facebook, he replied honestly, “most things were surprising.” “I don’t pretend that I had any idea that I was doing. I always felt like we were so close to dying in the first years, and were afraid that Google was about to build our product and we were going to be screwed, and look how long it took for them to build our product,” he said laughing, referring to Google’s newly launched social product Google+. “You are going to make a ton of mistakes, you don’t get judged by that.”

    As for what Facebook’s future is, Zuck shed some light on his vision for the network. “I think the story that we look back will be the apps and things that are built on top of Facebook. The past five years have been about being connecting people and the next five to ten years are about what are all the things that can be built now that these connections are in place.”

    And I’ll leave you with one of Zuck’s more memorable quotes from the talk, “The biggest risk is not taking any risk…In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”


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