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Category: Business (Page 4 of 24)

How Much Should We Blame the News Media for Donald Trump?

There have been a lot of articles about how the media, needing a way to breathe life into this election 12 months ago, hooked itself up to the Trump Train and rode it through every area of chaos it went, cashing their checks whenever it came into the station to refuel. It really wasn’t until they realized that a Trump Presidency was becoming ACTUALLY POSSIBLE, that the media jumped off and then started blowing up the tracks ahead in hopes of derailing it.

But that’s not the question I’m asking now. What I’m curious about is how much we should blame the collective news media for dumbing-down the news so much over the last 10-20 years? Was it only a matter of time before someone like Trump was able to attract the hearts and the simplified minds of “Soundbite America?”

Maybe it’s not their fault. Maybe it’s ours for only being able to absorb 8-10 minutes before needing a commercial break. Maybe we need to be mesmerized with four talking heads each bringing their best two to three minutes of content to a discussion. In this format, no one ever has time to discuss a “How.” It’s only about the “Why” and you usually have a full screen of people with polar opposite opinions fighting to get in the best dig.

But then, I could argue that IS the media’s fault for forcing that format down our eyeballs and earholes. What is the total cost of losing a few viewers to make sure that the people who keep watching get something more thorough than clever quips and cut downs?

I don’t know the answer to that. Broadcasters are owned by public companies so they need as much money as they can get to survive this new media economy that forced them to lose their near oligopoly status. Yes, it is much harder to compete in a bifurcated market than to be one of a handful of outlets covering news. So I understand the need to dumb down the news to make it appeal to more people. But I’m not sure I’m happy with the results.

American Politics are Dead, and I Blame Social Media

I hear the gasps now. “But Andy, your mortgage gets paid because of social media. How can ANYTHING be social media’s fault?”

In the beginning, we all promised that social would lead to the democratization of media. Finally, one person with a great point could be heard by the masses, without the media getting in the way and distorting the message. That was the goal, the dream, the vision.

But what do we have instead?

Everyone in my Facebook feed who posts something political, made their decision who to support months if not years ago. I have yet to see a single post where someone says, “Here is a really well thought out article that discusses two sides of a complex issue. Please read it so we can discuss as mature adults in a reasonable fashion.”

No, every political post is along the lines of, “Another example of how Trump sucks.” Or, “Here’s why Hillary is going to jail.” Or, “Look, GOP is imploding. LOL HAHAHA #DemsRule.”

And really, this is our fault. We took a channel that we could own, and turned it into a circus. People complain about how biased FoxNews, CNN, and MSNBC are. But they need to look at their own Facebook and Twitter feeds. Individuals pander to their friends and followers worse than the media does. No Democrat reads an article about John Kasich and posts, “Hmm, I hadn’t thought about this before. He seems to make sense.” No, everyone moves on to the next article in their Flipboard hoping the headline says something like, “Donald Trump declares he likes to eat puppies.”

Ari, Chris and I learned this in 2007 when we built MyElectionChoices.com (ironically we lost the url to some Chinese spam company). People were really happy when their results confirmed the beliefs they had entering into the survey. They were very displeased to learn that they had something in common with the opposite party. Sometimes I wish we could try that experiment again. But I bet we’d find the same results.

So instead of a place to learn, social media has become an echo chamber where like minded individuals like each other’s posts, which triggers the algorithm to deliver more of the same types of posts that the same people can like even more. Social media is now built to make sure you don’t see a differing opinion, especially one that requires reading and/or thought. We’ve built a channel where everyone who believes the same thing can put on blinders and believe everyone sees things the way they do.

And that is the exact opposite of what the democratization of media was supposed to be about.

Imagining Presidential Candidates as League Commissioners

I don’t know what made me think about this, but indulge me if you will. If you took the remaining Presidential candidates and put them in charge of the sports leagues, which ones would they run? Here’s my proposal.

1) MLS
Let’s start with the easiest one first. Major League Soccer is by definition a socialist endeavor. The league revenues are split, the labor force has few rights for negotiating wages, and all transactions must go through the league office. This is Bernie Sanders’ league, plain and simple.

2) NFL
The country’s most powerful league is going to need a member of the establishment to carry out its charter. Someone who knows everyone on Wall Street as well as the rest of the Billionaire owners. They must have political clout to wield or they’ll be a lame duck. But also, the NFL needs someone who can deflect controversy, pretend things that are happening aren’t actually happening, and show a strong willingness to tiptoe on the wrong side of the rules. I think the NFL goes to Hillary Clinton.

3) MLB
This league is much harder to determine a proper commissioner for. Its leader must have the clout to appease 30 billionaire owners, manage municipalities to get stadiums built, and negotiate billion dollar TV deals, all while presiding over a sport that is losing its appeal to much of America. In some ways, to some people, MLB has become somewhat a relic of days gone by. A memory of what once was, rather than what will be. And with that in mind, I hand the keys to Jeb Bush.

4) NBA
Another tough decision. We’re looking for someone who can see the international picture while not overlooking the inner cities. Someone who can manage across different cultures. But also someone who can simply step into the shoes of his mentor and merely continue to operate the machine rather than create a new one from scratch. I think this role is given to Marco Rubio.

5) NHL
Here we have a league that not enough people get excited about. It rarely registers on your sports mind, even though the few times you pay attention to it, you find it quite enjoyable. It is the epitome of being John Kasich.

6) NCAA
With this organization, we’re looking for a few key qualities. This leader must be fairly tone deaf to the cries from its labor force who want to be paid. The leader must embrace the idea of the 1% receiving all of the money, and have strong convictions about who should be let into the system. Plus this leader must be stubborn, resistant to the opinion of others, and able to hold true to their beliefs. I believe Ted Cruz is our answer here.

7) WWE
Come on, is this one really that hard? There’s only one Presidential candidate capable of running the circus that is Worldwide Wrestling. The one and only, Donald Trump.

Have I missed a league that needs a Presidential candidate as a commissioner? Let me know.

A Request to the Writers of The Daily Show

Dear Trevor Noah and the rest of The Daily Show writing team,

I have a request for this election season.

Every candidate is busy lining up endorsements from the people they thing will most energize voters. Candidates need endorsements from all the individual politicians, tastemakers and influencers, from President Obama to Jay Inslee to Ed Murray.

But here’s what I would find REALLY interesting. Not who the thought leaders are endorsing. But who the crackpots, weirdos and psychopaths want to see in office. I would learn way more about a candidate by knowing if they are being supported by the craziest of the crazy. After all, candidates can try to hand pick and choreograph the endorsements they get from positive figures. But they’re helpless to defend themselves against endorsements from the “wrong people.”

So Mr. Noah, this is where you come in.

You have the power, the prestige, the connections and the brains to pull together a list of some of the biggest wackos in America AND get them on camera and find out who they are endorsing. You all can dive in and find out why. And as Americans, in some cases we’ll have to reconcile the fact that we support the same candidate as someone we’d never invite over to dinner.

I think the rare combination of ratings winner and public service. Thanks for your consideration.

Your loyal viewer,

Andy

A Dumb Idea for Gun Control Compromise

If there’s one thing I know for sure about the gun control debate, it’s that none of the sides are absolutely right.In a country of 350 million people from hundreds of thousands of different cultural backgrounds, you aren’t going to find a solution that appeases everyone. Rather than discuss this point, I’ll direct you to this very well written piece on the complication of legislating gun control.

But that doesn’t mean we can’t take baby steps in one direction or another to at least try to make things a little bit better. I have one such idea for making things just a little bit better.

For the purposes of this discussion, we are going to ignore assault weapons and even hunting rifles. We are going to simply address handguns.

Now, the argument FOR handguns is personal protection. Some people feel a God-given, or 2nd Amendment given, right to bear arms for the purpose of self-preservation. The problem is when people use that purchasing opportunity to go on the attack instead, sneaking into a school or restaurant and rattling off as many shots as they can before using the last one on themselves.

So if the true purpose of a handgun is PROTECTION, what can we do to make it a purely defensive weapon?

The answer, is to make it non-lethal.

A non-lethal handgun could cause immense amounts of pain. It could render an attacker helpless. It might even knock them out. Either way, it would be powerful enough that if you were attacked and got off a couple of shots that hit your assailant, even an MMA fighter would be down long enough that the police could be called, or at least for you to flee to safety.

We could make these guns available anywhere, no background check at all. Shooting someone would be the equivalent of hitting them with a baseball bat and we could treat it as such.

Now sure, you are still mostly defenseless against a group of trained and heavily armored assassins carrying AK-47’s into a French bistro. But you are less likely to get anything ore than a major headache if some guy goes nutso in a movie theater.

We need to get a few minuscule wins if we’re going to get any real compromises underway. Maybe this could be one.

Saving Greece and Soccer at the Same Time

In case anyone wonders, this is a completely facetious comment. I don’t honestly believe this is a good idea… But in a make believe world, here’s how you could save Greece and International Soccer at the same time.

Qatar buys Greece.

Think about it. It’s win-win-win-win.

Win 1: Qatar gets the recognition it desires.
Qatar has a ton of money that it can’t spend. They want to change their image and have a larger presence in terms of global awareness. By buying Greece and renaming it “North Qatar,” they get all of the history that comes with it. Just like Gary Payton is somehow the leading scorer in Oklahoma City Thunder history, North Qatar would be where the Olympic games originated. Zeus and the rest of the Qatari gods lives on Mt. Olympus in North Qatar. And where would the world be without the contributions of famous Qataris such as Socrates, Plato and Aristotle?

Win 2: Greece pays off its debt.
The banks want to get paid. The Greeks don’t want to pay anyone back. Qatar has dump trucks of cash sitting in gold plated garages. Let’s redistribute some of that cash and keep the country – and Europe – from collapsing.

Win 3: We don’t have to play soccer in 120 degree weather.
The 2022 World Cup can stay in Qatar – it’s just going to be played in North Qatar. (Except they’ll make Germany and the U.S. play their games in South Qatar out of spite.) Tourists will now want to attend the games. And Qatar can send all those poor abused migrant workers home.

Win 4: FIFA moves to North Qatar
Nothing significant in the world can happen without it benefitting Sepp Blatter in some way. This works for him. Qatar can revoke any extradition treaties it has with the U.S. and FIFA can build a 200,000 square fit office complex overlooking the Aegean Sea.

Could it happen? Of course not. Should it? Hmm….

How Tidal Goes Against All Current Product Development Theories

I’m not an expert in the music industry. I have no idea what the future olds for Pandora, Spotify, iTunes and now Tidal, Jay-Z’s new streaming service that describes itself as, “Introducing the first music streaming service that combines the best High Fidelity sound quality, High Definition music videos and expertly Curated Editorial.”

However, I have spent some time in the last 4 years teaching some classes on marketing new products. I lean heavily on the insight of Steve Blank, because, well he seems like a really smart guy. And Mr. Blank espouses a product development process that leans heavily on the following:
1) Finding a problem that customers have.
2) Developing hypotheses on how the customer wants that problem solved.
3) Testing that solution with as many customers as possible.

You’ll notice that all 3 principles of the process include the term, “customer.”

Tidal seems to use a completely different theory. Summarizing bullets from the Washington Post, Tidal’s offering is based on the following:
1) Consumers will develop a sense of ethics, i.e. a willingness to see musicians actually make some respectable royalties from music streaming, which they currently do not.
2) People will want exclusive content and hear directly from artists.
3) Those who subscribe to the premium service will receive higher sound quality.

Let’s compare the Tidal plan to the Steve Blank plan.
1) Is my problem that I think musicians are underpaid? Do I really care what musicians make on each song I listen to? Probably about as much as I worry that the 1st Associate Director on House of Cards can afford her rent. Or that the Copywriter on AT&T’s Barles Charkley commercial is being paid fairly by his agency.
2) And honestly, there are somewhere in the neighborhood of 3.2 billion bands in the world. if Taylor Swift or Jay-Z stick their music someplace I can’t get it, will I even notice? What problem is being solved by taking music away from my channels of choice?
3) I’d love to see the research that says, “When Andy is at work listening to music on his headphones, what he really wants is higher fidelity music for $250 a year.” Even if this is true for some people, how many? How good can music sound? And won’t I need a pair of $800 headphones to even notice?

This isn’t a bash on Tidal. It’s simply an observation. They are taking avery non-technology product management approach, and that puzzles me because I live in my own little Seattle technology bubble. Obviously with the star power they’ve assembled, the deck is stacked in their favor, so they can skip some of “Lean Startup” type principles. They’ll have great marketing, get lots of exposure and be able to test the product in real time.

More choices for music is better than less, so I hope they do well. It will be interesting to see how their product development plan works out.

Quirky Has Become My Favorite Product Site

I was talking about Quirky.com to a few people this week and was shocked – shocked I say – to hear they hadn’t heard about it.

How to describe Quirky… Imagine every crazy idea you ever had for a product was suddenly being built and you could order it for a pretty good price. Doesn’t that sound like a good deal?

You should visit Quirky. You should buy stuff from Quirky. You should sign up for their newsletters and vote on what products they are going to build next. And then you should take your latest, greatest idea and submit it to them.

Quirky

Does Pronto Have Their Pricing Wrong

Since I work downtown a lot, and I am always rooting for startups, I’ve been keeping an eye on the bike-renting service “Pronto.” I think it’s a cool idea, and with enough manipulation, you can kind of shove this square peg into the circle hole of The Collaborative Economy. So that intrigues me as well.

Via DowntownSeattle.com

So this week I wanted to use the service to get about 9-10 blocks across downtown. And here is where I found out that I think they may have a simple to fix problem – pricing.

Pronto will let you rent a bike for 24 hours for $8. It seems like a paltry amount to spend. But I don’t need a bike for 24 hours. I need a bike Car2Go style – for 5 minutes to get to my meeting across downtown, and then an hour later I need it for 5 minutes to get back.

For $8, I can hop in an Uber. For $8 I can buy a sandwich and eat it as I enjoy a 15 minute walk. Sure 8$ is only $.33 an hour. But I only need the bike for 4% of the time in which I can have it. I’d rather pay 5-10x that $.33 per hour rate, and get closer to 70-100% efficiency.

That’s my use case. Maybe I’m unique. But I really want this company to succeed, so I’m curious why the pay by the hour model isn’t a viable alternative. Regardless, there seems to be more and more Pronto stands popping up all over town, so they must be doing something right.

Advice for New Grads Seeking Those “Jobs” Things

Young people seem to like to ask me about how to get a job. Sometimes I think they don’t really want my advice and just want me to actually “give” them a job, but I get asked all the same.

So here are a few quick thoughts for you new grads. In no particular order.

1) No one wants to “give you a job.” People do want you to “work for them.” These are two completely different sentences and they mean totally different things. If you can’t figure out the difference, then you may want to ask someone.

2) Hiring Managers expect you to bring a skill to the role. It’s your first job. No one expects you to be an all-star. What they want is to see that you have some skill – or set of skills – that they can add to their team that makes the overall team better. Know what you are best at, and get even better. In an interview be able to clearly articulate that you are able to solve some sort of problem that the manager has, because your skill set enables you to do so.

3) If you want to work in a start-up for a career, there is a lot of value in working in a huge company first. I know this sounds counter-intuitive. But working in a large, successful company gets you the following: A nice large network of colleagues to call upon later in your career, experience doing things the right way, an understanding of how large companies work so you know how to sell to them later, a nice brand name on your resume that indicates you *could* work in a big company if you wanted, and finally, stable money that you can sock away in a savings account, so you can take a risk later. Side note: Nothing is more liberating than money in the bank. Nothing is more chilling than being forced to work for someone you don’t like because the rent is due.

4) Your first job is probably going to kind of suck. Here’s why. You’re the low pup on the totem pole. That means your boss is second lowest, and that it’s probably their first time managing people. They will have some managerial growing pains. They’ll also be worried about their own boss 90% of the time and trying to figure out how to get promoted. So you probably will end up flipping from being ignored to being micro-managed based on what your boss just got told by their boss. Accept that this is going to be part of the game, so look for a boss that you like, no matter what the company is like.

5) Interview EVERYWHERE. It doesn’t matter if you don’t want to work there. Go practice. Nothing is more humbling than not getting an offer at a company you didn’t want to work for. But it will help you figure out how to nail the interview you really want.

6) Work for a product, customer base or marketplace you care about. It’s the natural truth. If you don’t like your customers, you can’t do your job. I once worked someplace where the customers were all rich, arrogant, conceited and hard to deal with. Do you know how little I felt like helping them? You can’t do good work unless you have an affinity for what you are doing. So at least identify early who it is that you want to be associated with.

In a nutshell – To “work” for someone, find a skill you are great at, optimize it, sell yourself everywhere, and try to find a manager you like in an industry you care about, no matter how large or small the company. Then save some money, build a nest egg, and never have to fear a lack of a job again.

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