Showing posts with label Culture. Show all posts
Showing posts with label Culture. Show all posts

2018-12-13

Robert Kraft on Creating a New England Patriots' Championship Culture

Robert Kraft: Creating a Championship Culture

Robert Kraft discusses how he built the New England Patriots (domain: patriots.com) into one of the best teams in NFL history and why culture has been the key to its success. Goldman Sachs video above published Nov 20, 2018.

On building a championship team: “I never make a change unless I know I have something better to replace it with…. I have friends who don’t operate that way….  Continuity means you’re going to go through rough times and rough patches, but being patient to get people of good character and integrity is worth it.”

On making critical decisions: “The best decisions I made in my life, I made on my instinct…. Just when something feels right to you. Even if other people can’t understand it and it feels the right thing for you, you go with it – and leverage it and stay with it. Don’t be afraid to take this big risk as long as your instinct is there. Then if you do and it doesn’t work out, keep coming back like the tide.”


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DISCLAIMER

2018-12-07

Uber CEO Dara Khosrowshahi Interview at Stanford GSB (video)

Dara Khosrowshahi, Uber CEO

Stanford Graduate School of Business (gsb.stanford.edu) video above published Dec 3, 2018: “People often optimize for the role or for the company. The first thing I optimize for is who I will work with. Don’t bet on companies, bet on people,” Dara Khosrowshahi, CEO of Uber, told students in this View From The Top event. Khosrowshahi discussed his departure from Expedia (expedia.com) and his approach to shifting company values at Uber (uber.com) to focus on diversity and inclusion. “An important factor in our change was setting a new culture and new norms,” he said. “We crowdsourced those norms and asked people – what kind of company do we want to be?”

Khosroshahi advised students to let go of benchmarking via titles and salaries when it comes to career goals. “Have a theme but don’t get locked in. I’m always looking around to make sure my own biases don’t prevent me from seeing something great,” he said. “When you’re lucky enough to take that risk, jump!” Khosrowshahi was interviewed by Lepi Jha Fishman, Stanford GSB MBA ’19.


feedback & comments via twitter @DomainMondo


DISCLAIMER

2018-05-24

GDPR: What Is It and How Might It Affect You? (video and podcast)

GDPR: What Is It and How Might It Affect You?

Wall Street Journal (wsj.com) video above published May 21, 2018: The European Union's General Data Protection Regulation on data privacy will come into force on May 25, 2018. This video explains how it could affect you, even if you don't live in the EU.

a16z Podcast: What to Know about GDPR with Lisa Hawke and Steven Sinofsky


"Given concern around data breaches, the EU Parliament finally passed GDPR (General Data Protection Regulation) after four years of preparation and debate; it goes into enforcement on May 25, 2018. Though it originated in Europe, GDPR is a form of long-arm jurisdiction that affects many U.S. companies -- including most software startups, because data collection and user privacy touch so much of what they do.

"With EU regulators focusing most on transparency, GDPR affects everything from user interface design to engineering to legal contracts and more. That's why it's really about "privacy by design", argues former environmental scientist and lawyer Lisa Hawke, who spent most of her career in regulatory compliance in the oil industry and is now Vice President of Security and Compliance at a16z portfolio company Everlaw.com (she also serves as Vice Chair for Women in Security and Privacy). And it's also why, observes a16z board partner Steven Sinofsky, everyone -- from founders to product managers to engineers and others -- should think about privacy and data regulations (like GDPR, HIPAA, etc.) as a culture... not just as "compliance".

 "The two break down the basics all about GDPR in this episode of the a16z Podcast -- the why, the what, the how, the who -- including the easy things startups can immediately do, and on their own. In fact, GDPR may give startups an edge over bigger companies and open up opportunities, argue Hawke and Sinofsky; even with fewer resources, startups have more organizational flexibility, if they're willing to put in the work."--source Andreessen Horowitz

Links mentioned in this podcast and other resources:


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DISCLAIMER

2017-12-22

Viral Trends & Global Branding: At 88rising, East Meets West (video)

At 88rising, East Meets West, One Viral Hit at a Time

Combining elements of Asian and Western culture, 88rising (domain: 88rising.com) is a young entertainment company hoping to build a lasting, global brand that will outlive singular moments of virality. With influential artists like Rich Chigga and joji generating millions of views for the network, the next question for founder Sean Miyashiro and his team is how to translate that success into a long-term platform in a rapidly changing industry. Bloomberg.com video above published Dec 3, 2017.

Tweets about @88rising:

feedback & comments via twitter @DomainMondo


DISCLAIMER

2016-10-02

News Review: Post-Transition ICANN & The Global Public Interest

Shining A Light: © DomainMondo.com Domain Mondo's weekly review of the news, analysis, and look ahead [pdf]:

Feature •  Post-IANA Transition Worry: Will the internet, as we know it, survive a 'privatized' ICANN? Or instead, could the internet be run as a 'public good'?

RFC 1591"... 1) The key requirement is that for each domain there be a designated manager for supervising that domain's name space ... 2) These designated authorities are trustees for the delegated domain, and have a duty to serve the community. The designated manager is the trustee of the top-level domain for both the nation, in the case of a country code, and the global Internet community .... 6) For any transfer of the designated manager trusteeship from one organization to another, the higher-level domain manager (the IANA in the case of top-level domains) must receive communications from both the old organization and the new organization that assure the IANA that the transfer in mutually agreed, and that the new organization understands its responsibilities ..."--Jon Postel, March, 1994
"The free-market triumphalism of the 1990s, and the intensely deregulatory political climate fostered by Bill Clinton’s Democrats and Newt Gingrich’s Republicans, framed full private ownership of the Internet as both beneficial and inevitable .... But the fight is not over. The upcoming ICANN handoff offers an opportunity to revisit the largely unknown story of how privatization happened — and how we might begin to reverse it, by reclaiming the Internet as a public good."--Ben Tarnoff, JacobinMag.com (emphasis added)
Now that the IANA stewardship transition is finished, and the U.S. government is out of the way, what will happen to the internet as we know it?  ICANN insiders may think, with the transition now complete, it's all over.  Sorry, it's just beginning, as I noted March 24, 2015:
ICANN CEO Fadi Chehade's View of the IANA Transition is Shortsighted and Naive | DomainMondo.com"I think if we get rid of that [IANA] contract we will be free of the pressures."--Fadi Chehadé, (then) ICANN President and CEO, February 10, 2015.
Contact ICANN in a few weeks and ask anyone there (assuming they'll be honest), whether they think ICANN is now "free of the pressures."  I like that quote of ChehadĂ©'s above because it is a prime illustration not only of the Peter principle, but also the fact that no one can hide their own incompetence.

I also intentionally chose the quotes first above from Jacobin which, if you are not familiar with that publication, describes itself as "a leading voice of the American left, offering socialist perspectives on politics, economics, and culture" and carries an endorsement from Noam Chomsky, just to put into perspective the IANA transition, and wipe the conceit off the faces of ICANN insiders and their allies from Washington, D.C., to Silicon Valley, who gloat in their own self-deception that opposition to the 'privatization' of ICANN only comes from the likes of Ted Cruz and the right.

The challenges ICANN faces at present, and those yet to unfold post-transition, are manifold, and for regular readers of Domain Mondo there is no need, nor the space, to provide a laundry list of present problems, much less speculate on the future.

However I will note that the public interest (or public good as Tarnoff calls it) is in direct contrast to the profit-seeking, special interest stakeholders who dominate ICANN processes, structures, and policy-making today.

ICANN is hardly indispensable to the world, which may be a relief to those worried about an organization like ICANN operating without any governmental oversight, a global monopoly that "taxes" domain name registrants who are largely, and intentionally, excluded from ICANN's so-called "community," and which grants exclusive global monopolies to gTLD registry operators with carte blanche permission to engage in predatory pricing practices that exploit registrants worldwide. Is it any wonder why ICANN engenders so much mistrust, not only from those within its own "ICANN community" but also among most domain name registrants?

While ICANN is supposed to serve as a useful and convenient artifice for managing the global DNS and coordinating names, numbers, and protocols of the internet, it has a troubled history and a sick organizational culture. ICANN could be replaced by one or more successors, and already some hope that happens sooner rather than later. The IANA transition may in fact hasten this. ICANN, left to its own devices, with a "community" largely controlled by a few dominant voices, along with a dysfunctional Board of Directors, may not be around for long.

If ICANN, by chance, does make it another 18 years (ICANN was incorporated in 1998), it may be a testament that it adapted and changed to actually serve the global public interest, the needs of the global internet community, not just the special interests who today dominate ICANN structures. But changing organizational culture is hard, and impossible in many cases. Peter Thiel says you have to "fire everybody and start over." Today the culture of the organization known as ICANN is predominantly characterized by its real core values of dishonesty, cronyism (see below), deceit, arrogance, elitism, obfuscation, incompetence, greed, and above all, an ingrained organizational value of evading accountability at all cost, and at all times--just read the IRP declarations in the DotConnectAfrica Trust and Dot Registry cases.

Is there a better way? Yes, and you don't have to look far: The Public Interest Standard in Television Broadcasting:
"The government's exclusionary licensing arrangement was justified by requiring that broadcasters act as public fiduciaries. Their primary duty would be to serve the "public interest, convenience and necessity," as expressed in both the 1927 and 1934 Acts. The Federal Radio Commission that was created by the 1927 Act described the "public trustee" model in this manner: "... the station itself must be operated as if owned by the public" .... The FCC's authority, while extensive, is constrained by traditional First Amendment principles. Government may not censor broadcasters (under Section 326 of the Act), for example, nor may it regulate content ... The public trustee model has given rise to a distinct genre of First Amendment jurisprudence ... Despite the philosophical complications and political tensions that this arrangement entails, the U.S. Supreme Court has repeatedly upheld the public trustee basis of broadcast regulation as constitutional. [Citing Red Lion Broadcasting Company v. FCC, 395 U.S. 367 (1969)]."

Other ICANN, Internet Governance, and Domain Name News:

•  Twitter $TWTR (twitter.com) Refuses to Block Account of US-based Turkish Journalist: Motherboard.vice.com reports a Court in Turkey ordered Twitter to block the account of Washington DC-based journalist Mahir Zeynalov, accusing him of “instigating terrorism.” Despite receiving the court order, Twitter refused to comply:
"This is just the latest blatant online censorship attempt from the Turkish government, which has become one of the worst offenders on the internet when it comes to quashing dissenting voices. Last week, in its latest transparency report, Twitter revealed that—once again—Turkey was by far the country that sent the most censorship requests. In the second half of 2015, Turkey tried to censor 8,092 accounts. In the first half of 2016, the country almost doubled that number with 14,953 censorship requests."
ICANN has its EMEA (Europe, Middle East, and Africa) hub in Istanbul, Turkey. ICANN's 3 hubs (LA, Singapore, Istanbul) were set up during former ICANN CEO Fadi Chehade's tenure. Chehade had a grand vision that ICANN would have 3 headquarters (called "hubs") instead of just a global headquarters in LA. He even said he would move to Singapore and would disperse ICANN staff from LA to the other 2 hubs thereby increasing ICANN's inefficiency, costs, overhead, and complexity.

ChehadĂ©, it seems, thought by wasting a lot of money doing this, ICANN would become a more "global" organization, and unfortunately, the ICANN Board of Directors was too inept or "calcified" (Fadi's term for the Board), to stop him. But Chehade never moved to Singapore, and his visions were anything but grand, most notably, his NETmundial Initiative, which finally "crashed and burned" this year after wasting hundreds of thousands of dollars in ICANN funds on a project outside the scope and mission of ICANN. Fortunately, ChehadĂ© quit as ICANN CEO 3½ years into a 5 year contract, but unfortunately, he left behind his legacy of cronyism at the organization:
"... Chehade and COO Akram Atallah – who are old friends – brought in more and more of their own people ... Not all of them were best suited or qualified, but real frustration developed when jobs were filled without the job even being posted internally. Nora Abusitta-Ouri, a former classmate of Chehade’s, became vice president of public responsibility programs. Former neighbor Susanna Bennett became Chief Operating Officer. Former co-worker Chris Gift became vice president of online community services. Former co-worker Allen Grogan became chief contracting counsel and then when that job finished, chief contract compliance officer. Neighbor of Atallah, Elizabeth Hoover became HR manager. Former co-worker Cyrus Namazi became vice president of industry engagement. Old friend Ashwin Rangan became chief innovation and information officer. The wife of a former co-worker, Maguy Serad, became vice president of contractual compliance. Another former neighbor, Christine Willett, became vice president of gTLD operations. In all, only one member of the C-suite hired since Chehade came on board has not been a friend or former co-worker ..."--IoNmag.asia
As for ICANN's hub in Singapore, the situation is "not good" there either-- Singapore’s wrong turn on the Internet | AEI.org"Singapore is creating what, in jargon, is termed an “air-gap” between government computers and the global internet. As a result, work computers inside ministries can communicate with each other but not with the outside world ... Air-gapping is common at high-risk targets like intelligence agencies and nuclear plants, but, as a Cisco System official put it, the approach is “most unusual” government-wide."... Freedom House, found in 2015 that internet freedom had declined for the fifth year in a row. (Singapore, by the way, ranks as only “partly free,” according to Freedom House. Among other actions, the government has cracked down on dissident bloggers and shut down a site under the Sedition Act.) ..."

Singapore warns on Pink Dot sponsorship:

The government of Singapore has warned big business against their sponsorship of a gay pride rally. Pink Dot’s sponsors include global corporate powerhouses such as Goldman Sachs, JPMorgan, Barclays and Google. Video above published by FT.com. See also: pinkdot.sg.

•  The sad saga of dot GAY continues at ICANN: 13 September 2016 Letter from Arif Hyder Ali to the ICANN Board (pdf) re: New gTLD application for .GAY. (Ali is Partner, Co-Chair of International Arbitration Group, Dechert LLP.)

•  New gTLDs"The trend is not looking good for the new domain extensions. Overall, the total number of registrations for the top 10 extensions has been down -- from 14.7m on September 10 to 14.1m today [Oct 1, 2016]."--Coreile.com (emphasis added).

•  ICANN Independent Review Process (IRP) and Cooperative Engagement Process (CEP) Status Update (pdf; highlighting added) as of Sep 26, 2016, noted: 1) CEP requested Sep 14, 2016, by DotMusic Limited re .MUSIC; 2) .AMAZON IRP Second Administrative hearing Sep 30, 2016.

•  U.S. jurisdiction: 9/11 Families May Not Be Able to Sue Saudis After All--Bloomberg.com.


Tech News:
  1. End of the Google Search Monopoly: 55% of people in the U.S. start their product searches on Amazon.com $AMZN--prnewswire.com; Google $GOOG can withstand the pressure from Amazon because its advertising revenue is diversified (e.g., video ads on streaming site YouTube.com), says Ali Mogharabi, analyst at Morningstar--Bloomberg.com. But maybe notAmazon’s Echo is the Next Search Bar--Variety.com: "Google is telling home audio vendors they won't be allowed to add competing smart assistants like Alexa if they want to continue to use Google Cast;" and note Amazon's new Twitch Prime"... free game loot every month ... discounts on new-release box games ... an ad-free viewing experience, exclusive emotes and chat badge, and one free channel subscription every 30 days ..." 
  2. Samsung's new 'safe' Galaxy Note 7 phones reportedly overheat, explode--telegraph.co.uk.
  3. Google will release 'Pixel 3' laptop with 'Andromeda' OS in Q3 2017--AndroidPolice.com. Watch the Google's October 4th event online. Note also Google Neural Machine Translation system (GNMT)--research.googleblog.com; and G Suite | gsuite.google.com (formerly Google Apps for Work).
  4. Twitter $TWTR in Play: Is the Price Too High? (video)--DomainMondo.com
  5. Facebook Profits over Privacy? $FB appeals German order on WhatsApp data--Reuters.com.
  6. India made the biggest leap in the 2016-17 global competitiveness index--Quartz | qz.com. In the 2016-17 rankings, U.S. ranked 3rd, China 28th, and India, Asia’s third-largest economy, ranked 39th among 138 countries. Last year, India was at 55.
  7. How one Amazon Kindle scam made millions of dollars--ZDNet.com"For years, thousands were tricked into buying low-quality ebooks." [Sounds like one of ICANN's shadier new gTLD Registry operators must have previously sold 'low-quality ebooks.']
  8. NPR.org"We are on the threshold of possibly understanding both now and the flow of time."

MacroView:
  1. Deutsche Bank: What the Hell is Going On?--MishTalk.comSee also I’m in Awe of How Fast Deutsche Bank is Falling Apart--WolfStreet.com"This is how Lehman came unglued. Slowly and then all of a sudden;" and EU Banking Mayhem--WolfStreet.com: "The can has been kicked down the road for years. Now negative interest rates appear to have inadvertently crushed the can." Express.co.uk: "Eurozone's banking system could implode, dragging the euro down with it, if Angela Merkel's government allows Deutsche Bank to fail." Finally, Deutsche Bank's Troubles, Europe's Failures | Bloomberg.com Editorial: "... recapitalization. That means performing stress tests that reveal the true scale of banks' needs, figuring out which institutions can and should be allowed to fail, and providing public funds to shore up the rest if necessary."
  2. Near ‘Collapse,’ Minnesota to Raise Obamacare Rates by Half | Bloomberg.com"The increases range from 50 percent to 67 percent, Commissioner Mike Rothman’s office said in a statement. Rothman, who regulates the state’s insurers, is an appointee under Governor Mark Dayton, a Democrat. The rate hike follows increases for this year of 14 percent to 49 percent."
  3. Election 2016's BIG BUCKS: Wall Street's favorite Hillary Clinton (raising and) outspending Trump 3 to 1 ($526 million vs $182 million, including SuperPACs) through August, 2016 says Bloomberg.com but is it enough to "buy the election?" See also This Chart Predicts Trump Will Win, Unless the S&P Rallies in October | Bloomberg.com and The Debate | Lefsetz.com"I can’t remember a thing Hillary Clinton said ... Hillary’s out of touch. She’s so focus-grouped that she’s lost her identity ... [and] I want Hillary Clinton to run my government ..." see also Fed on ropes as Yellen seeks to fend off Trump blows--FT.com"Populist attacks from all sides make central bank [US Federal Reserve] vulnerable to calls to rein it in, say analysts." Finally, more on why you should be "skeptical of polls" from Bloomberg.com.
  4. Reckoning Comes for U.S. Pension Funds as Investment Returns Lag: "It’ll require increased pension contributions on the part of the states and local government, but most state and local governments don’t have the ability to do so."--Bloomberg.com. See also How a pension deal went wrong and cost California taxpayers billions | LATimes.com"It was a deal that wasn’t supposed to cost taxpayers an extra dime ... California [Democrat] Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state employees the kind of retirement security normally reserved for the wealthy ... taxpayers will bear the consequences for decades to come."

Four most popular posts (# of pageviews Sun-Sat) this week on DomainMondo.com:
  1. News Review [25Sep]: BIG Winners of the Week ICANN and TRUMP
  2. Twitter $TWTR in Play: Is the Price Too High? (video)
  3. GoPro CEO on New Camera Drone, Company Performance (video)
  4. End of the BlackBerry Phone and How Smartphone Batteries Catch on Fire
Honorable mention: IANA Transition: What the U.S. Government Is Really 'Giving Up'

• 4 Other Reading Recommendations:
  1. Meet the California Couple Who Uses More Water Than Every Home in Los Angeles Combined | MotherJones.com: Meet "the top 1 percent wrapped in a green veneer, in a veneer of social justice."
  2. The Financial Basket Of Deplorables | tonyisola.com: "... choose transparency, low fees and an investment advisor who will look out for your best interests."
  3. Taking the Stealth Out of [Stealth] Editing | NYTimes.com re: the New York Times' bad habit of changing stories and acting as if nothing was changed. 
  4. The Top Idea in Your Mind | PaulGraham.com"I'd noticed startups got way less done when they started raising money ... The problem is that once you start raising money, raising money becomes the top idea in your mind. That becomes what you think about when you take a shower in the morning. And that means other questions aren't ... I've found there are two types of thoughts especially worth avoiding ... One I've already mentioned: thoughts about money ... The other is disputes ... avoid disputes if you want to get real work done ..."

-- John Poole, Editor, Domain Mondo 

feedback & comments via twitter @DomainMondo


DISCLAIMER

2016-05-22

News Review: ICANN, IANA Transition, Capitol Hill Reality Check

DomainMondoShiningLight ©2013domainmondo.com All Rights Reserved
Domain Mondo's review of the past week and look ahead [pdf here]:

In the IANA stewardship transition:

May 16, 2016: "... NTIA received the stewardship transition proposal on March 10 and has set a target of 90 days to complete its review ... The ICANN Board is expected to vote on whether these draft Bylaws adequately represent the recommendations of the proposal on or around May 27. In addition, ICANN has stated that in the event of NTIA’s approval of the stewardship transition proposal, ICANN would produce an implementation report by August 15, certifying that it is prepared for contract expiry on September 30, 2016. NTIA maintains the flexibility to extend its contract with ICANN if necessary. NTIA recognizes that Congress has a strong interest in this proposal, and we expect Congress to closely monitor and review the proposal, as well as our evaluation of the plan. NTIA will continue to provide timely updates to Congress in addition to quarterly written reports ..." - Sixth Quarterly Report on the IANA Transition (pdf) from NTIA (emphasis added).

May 18, 2016: "U.S. Senator John Thune (R-S.D.), Chairman of the U.S. Senate Committee on Commerce, Science, and Transportation, has announced a full committee hearing titled “Examining the Multistakeholder Plan for Transitioning the Internet Assigned Number Authority” on Tuesday, May 24, 2016, at 10:00 a.m. ET in the Senate Russell Building 253, Washington, D.C." Read more here.

Section of the U.S. House Appropriations bill barring use of funds for IANA transition (pdf) (highlighting added)
May 18, 2016:  "A House Appropriations subcommittee on Wednesday advanced a funding bill for Commerce, Justice and Science that included a provision barring the government from using funds to make the [IANA] transition through 2017 [see graphic above] ... On the other side of the Capitol, Sen. Marco Rubio (R-FL) appears to be circulating a letter to colleagues pressing the head of the Commerce Department's National Telecommunications and Information Association (NTIA) to delay the handoff amid concerns." --TheHill.com (emphasis added)

• May 19, 2016: "... we respectfully request that you extend NTIA's IANA functions contract with ICANN." Letter to U.S. Commerce Secretary Penny Pritzker and NTIA's Larry Strickling from U.S. Senators Cruz, Lankford and Lee (read more here) (emphasis added).

May 19, 2016: Former ICANN staff member, Kieren McCarthy, writing in theregister.co.uk:
"... the concern over whether the reforms to ICANN will prove sufficient are all too real. ICANN has been through no less than eight reviews into its lack of accountability and transparency in the past decade ... in every case, the same corporate culture has managed to re-impose itself and undermine the very changes that were designed to cause a turnaround in its behavior. If Marco Rubio is asking for a delay until this latest set of reforms can be seen to be working, he's not acting irrationally, he's simply noting history."
* * * * * * *
ICANN's Interlocutory Appeal of .AFRICA Preliminary Injunction
•  New gTLD .AFRICA: In the DotConnectAfrica Trust case (see above graphic), ICANN has filed an unopposed motion (pdf) for extension of time through June 29, 2016, to file its appellant's brief in view of the June 6th hearing in U.S. District Court on co-defendant ZACR's "motion to reconsider the preliminary injunction order from which this appeal is taken." More on .AFRICA.

•  More from ICANN FY15 Form 990: In FY15 (ending June 30, 2015) ICANN contributed over $200,000 to the World Economic Forum (WEF).  ICANN's President & CEO at that time, Fadi Chehade, is now senior advisor to the Executive Chairman of WEF (hat tip: @EyeOnICANN).

•  Comments close this coming week at ICANN on only one issue: Proposal for Khmer Script Root Zone‬ Label Generation Rules (LGR) - comments close 28 May 2016 23:59 UTC.

•  ICANN finally "Enhancing Openness and Transparency – Board Deliberations" and it only took 18 years! See also The ICANN Chairman's Blog: An Update From the May 2016 Board Workshop in Amsterdam. It's a start but every ICANN Board meeting should be open to observers via Adobe Connect (except executive sessions to discuss confidential matters such as personnel, litigation, etc.).

•  More of ICANN's 'shady' new gTLDs anyone?--Paul Vixie on the glibc bug, Internet crime and more | techtarget.com: "... [the internet] has, unfortunately, also put the world's wealth more at risk to criminals than it has ever been in the history of humanity." See also SEC warns cybersecurity is biggest threat to financial system | theregister.co.uk and The Internet Is Broken - MIT Technology Review | technologyreview.com.

•  A Culture of Hype and Spin - Silicon Valley is becoming like ICANN"I get lied to by entrepreneurs every day," says Bob Kocher, a venture capitalist who specializes in health IT ... "If you sell me a dreamyou’ll have to be stuck with this upset crazy person who doesn’t trust you for a decade," says Kocher. But far more concerning is when startups begin to believe their own hype and start making short-cuts to ramp up faster than the market typically allows ... We’re likely to see many more examples of companies like Theranos and Zenefits unless the startup world makes a big shift to a whole lot more honesty, transparency ...  Inside Silicon Valley's Culture of Spin | Fast Company.com.

•  This week in tech
  • The BIG news out of Google I/O 2016Google Home. Remember when Google used to copy Apple? Well, "Amazon is the new Apple" --My Echo | Lefsetz.com"Google Home not avail until later this yr. Meanwhile, Echo continues to add features & connect w/products. Is Amazon's head start too big?" asks @KatieBoehret; The BEST news was Google adding Android apps and Play Store to Chrome OS (Chromebooks).
  • FinTech Disaster--in spite of all the right "connections" and "funding"-- How Wall Street Led LendingClub.com Into Crisis | Bloomberg.com"“Many people expected the wheels to come off at some point,” said Robert Wardrop, executive director of the Cambridge Center for Alternative Finance, which studies funding systems that don’t depend on regulated banks and capital markets. “The big surprise, clearly, was that this was an event that happened at a top performer.”"
•  Q1 2016 Earnings Season postscript"... In Q1, according to FactSet.com, the companies in the DJIA that “adjusted” their earnings inflated them on average by 28.9% over their earnings under GAAP ... we doubt that the media and Wall Street analysts will “self-correct.” They’re the main perpetrators in the propagation of these fairy tales. If they’d wanted to, they could have stopped long ago featuring these fairy tales in their headlines and reports, but no way, that might have tripped up stock prices ..." - WolfStreet.com

•  Five most popular posts (# of pageviews Sun-Sat) this week on DomainMondo.com:
 Other Reading Recommendations (some with a tease of content or my commentary):
  1. Now Available Globally: Fast.com, a New Tool to Check Your Internet Speed | netflix.com: go to fast.com on any device and check your internet connection speed wherever you are.
  2. GoDaddy to buy FreedomVoice for up to $47M | SeekingAlpha.com (Tucows & Ting)
  3. Yahoo's Fire Sale - Deal Could Still Derail | SeekingAlpha.com"The core business is failing, the company's stake in Alibaba can be questioned ... and like everything else under her regime, we don't expect a shareholder friendly deal to get done with [Marissa] Mayer involved."
  4. Now you can embed Reddit posts on other websites | TechCrunch.com"If you’re an online writer or publisher, that means you can start including live Reddit content in your stories. If you’re a reader, that means you might start to see more Reddit posts on other sites, the same way you can see embedded tweets and YouTube videos."
  5. Stop Faxing | JDSupra.com"... In addition to the many reasons faxes are antiquated and annoying, the SEC has just provided us another reason to avoid them: they encourage violations of Reg. S-P ..."
  6. Do You Love Music? Silicon Valley Doesn’t | NYTimes.com"YouTube, which is owned by Google, is now the world’s dominant audio streaming platform, dwarfing Spotify and virtually every other service." Actually, the best music service right now, based solely on my own personal experience, is Amazon.com Prime Music.
  7. Russia Frets about Risk of “Recession” in China | WolfStreet.com"... a slowdown in China from super-hot growth to just-hot growth, which is the official story coming out of China ... risk of an actual contraction, the risk of a recession, which would slam China’s demand for oil and other commodities. And that sort of economic development would not only send shock waves through Russia but the global economy ... There are already repercussions ... Money from Chinese investors “has dried up,” a real-estate broker in San Francisco said ..."
  8. Election 2016 UPDATE: Trump Now Leads Clinton by 5 - RasmussenReports.com"Trump earns 42% support to Clinton’s 37% when 'Likely U.S. Voters' are asked whom they would vote for if the presidential election were held today. But Rasmussen Reports’ latest national telephone survey finds that 13% prefer some other candidate, while seven percent (7%) are undecided." Gender gap? "Clinton appears to have a bigger problem with men than Trump does with women. Trump leads by 22 points among men, compared to Clinton’s 11-point advantage among women." Watch out for Bernie: see How Bernie Sanders WILL Win the Democratic Nomination and Sanders delegates brace for Philadelphia convention fight (Hat tip: @UnderMyPalm | Election2016).
Have a great week!

-- John Poole, Editor, Domain Mondo




DISCLAIMER

2015-08-12

ICANN, Public Interest, New gTLDs Registry Operator Code of Conduct

ICANN essentially "caved" to new gTLDs lobbyists (a/k/a "ICANN stakeholders") and failed to protect the public interest, including, but not limited to, domain name registrants, in its "New gTLD Registry Operator Code of Conduct" which is found in "Specification 9" of the Base Registry Agreement (Specification 9 is at pages 80-81)--relevant  portions below:

SPECIFICATION 9
REGISTRY OPERATOR CODE OF CONDUCT

1. In connection with the operation of the registry for the TLD, Registry Operator will not, and will not allow any parent, subsidiary, Affiliate, subcontractor or other related entity, to the extent such party is engaged in the provision of Registry Services with respect to the TLD (each, a “Registry Related Party”), to: 
a. directly or indirectly show any preference or provide any special consideration to any registrar with respect to operational access to registry systems and related registry services, unless comparable opportunities to qualify for such preferences or considerations are made available to all registrars on substantially similar terms and subject to substantially similar conditions;

b. register domain names in its own right, except for names registered through an ICANN accredited registrar; provided, however, that Registry Operator may (a) reserve names from registration pursuant to Section 2.6 of the Agreement and (b) may withhold from registration or allocate to Registry Operator up to one hundred (100) names pursuant to Section 3.2 of Specification 5;

c. register names in the TLD or sub-domains of the TLD based upon proprietary access to information about searches or resolution requests by consumers for domain names not yet registered (commonly known as, “front-running”); or
d. allow any Affiliated registrar to disclose Personal Data about registrants to Registry Operator or any Registry Related Party, except as reasonably necessary for the management and operations of the TLD, unless all unrelated third parties (including other registry operators) are given equivalent access to such user data on substantially similar terms and subject to substantially similar conditions.
2. If Registry Operator or a Registry Related Party also operates as a provider of registrar or registrar-reseller services, Registry Operator will, or will cause such Registry Related Party to, ensure that such services are offered through a legal entity separate from Registry Operator, and maintain separate books of accounts with respect to its registrar or registrar-reseller operations. 
(source: http://newgtlds.icann.org/sites/default/files/agreements/agreement-approved-09jan14-en.pdfparagraphs 3-6, pp.80-81, contain nothing else of substance to registrants)

And what is the purported purpose of ICANN's Registry Operator Code of Conduct?

Code of Conduct FAQ [PDF, 456 KB]:
A3: The purpose of the Registry Operator Code of Conduct is to protect a TLD’s registrants.
A15: If a Registry Operator receives an exemption to the Code of Conduct, it is not contractually obligated to comply with the covenants in Sections 1, 2, and 3 of Specification 9 of the Registry Agreement. 

This must be some kind of "joke" if ICANN thinks new gTLD domain name registrants are "protected" by this "Code of Conduct"--no wonder ICANN's Global Domains Division, its President Akram Atallah, its General Counsel John Jeffrey, and its Contract Compliance Officer Allen Grogan, were all stumped and befuddled when confronted with claims of the IPC and ICANN's Business Constituency about abusive practices by an ICANN new gTLD Registry operator-- or what Akram Atallah refers to as an "ICANN customer." ICANN wrote to the FTC (US) and OCA (Canada) asking for help because ICANN forgot to put any teeth into its Code of Conduct! To date nothing has been done--so much for registrant protection!

The ICANN Global Domains Division must be the most inept, incompetent and/or dysfunctional part of ICANN. Akram Atallah is a crony of outgoing ICANN CEO Fadi Chehade and had no experience in the domain name industry before he was appointed ICANN's "President" (yes, ICANN decided to have 2 Presidents!) coincident with the creation of the "Global Domains Division" by empire builder Fadi Chehade--i.e., Akram got Fadi hired as ICANN CEO and President, and in turn, Fadi appointed his lifelong friend and crony Akram to the newly created "President" Global Domains Division which pays a total comp package (including benefits) approaching one million dollars (USD) per year.

The rampant conflicts of interest at play in the new gTLDs program within ICANN are well known, all of which are symptomatic of ICANN's problematic organizational culture. Fixing "organizational culture" is really hard, and impossible when the two top officers are part of the problem. As Peter Thiel once said, "You'd have to fire everybody and start over."

For Domain Name Registrants, ICANN is useless--better to just file a complaint directly with the Federal Trade Comission (FTC).

See also on Domain Mondo: ICANN, Domain Registry Operators, Monopoly, Antitrust, FTC Statement

ref: https://www.icann.org/news/blog/new-gtld-registry-operator-code-of-conduct


2015-07-23

Pearson Sells Financial Times to Nikkei, CEO John Fallon Statement


UPDATE (video above) July 24, 2015: Why Nikkei paid Pearson $1.3 billion for the Financial Times: Japan’s biggest financial news publisher surprised the media world by buying the Financial Times and paying a quite a premium compared to other recent newspaper deals. Nikkei Inc., whose flagship Nihon Keizai Shimbun is Japan’s leading business daily, is paying $1.3 billion to Pearson Plc to buy the FT Group, which owns the salmon-hued paper with an editorial team of roughly 500 journalists in more than 50 locations around the world.

Pearson PLC, 5-year stock chart NYSE: PSO
Pearson PLC, 5-year stock chart above (source: google.com)
Pearson NYSE:PSO (5-year chart above) announced today it has agreed to sell its financial media asset Financial Times (FT) to Nikkei, a Japanese financial newspaper. Statement at Pearson to sell FT Group to Nikkei Inc.

Principal domain names of referenced entities:
pearson.com
ft.com
nikkei.com

Pearson CEO John Fallon to Pearson staff (emphasis added)--

"Dear Colleagues,

Today we have made a significant announcement, which is that we have agreed to sell the Financial Times to Nikkei. This is an important moment for both Pearson and the FT, so I wanted to share more about what’s happening and why.

For fifty-eight years, Pearson has been the proud owner of the Financial Times. We’ve invested in its global expansion and digital transformation, through good times and bad; and all the time, protecting its editorial independence and championing the quality and breadth of its journalism. Both Pearson and the FT have benefited greatly from the relationship. The FT is recognised across the globe as an intelligent and authoritative commentator on world events, finance, commerce and economics.

As you all also know, in recent years, we’ve developed an increasing focus on our biggest, most exciting opportunity – to help people make progress in their lives through learning. As that opportunity has crystalised, it’s become clear to me and the Pearson board that the scale of the challenge requires our undivided attention.

The changing media landscape

At the same time, we are at an inflection point in global media.The pace of disruptive change in new technology – in particular, the explosive growth of mobile and social media – poses a direct challenge to how the FT produces and sells its journalism. It presents the FT with a great opportunity too – to reach more readers than ever before, in new and exciting ways.

Nikkei has a long and distinguished track record of quality, impartiality and reliability in its journalism and global viewpoint.The Board and I are confident that the FT will continue to flourish under Nikkei’s ownership.

I’ve every confidence in the FT’s ability to seize the moment, as it has done ably so far, in its digital transformation. The readership is at an all time high, with readers willing to pay more than ever for its journalism. But, after much reflection and detailed analysis of both the opportunities and challenges that lie ahead, we have concluded that the best way to ensure the FT’s continuing journalistic and commercial success is for it to be part of a global, digital news organisation that is 100% focused on these same issues.

The FT remains part of Pearson until we complete the transaction around the end of this year. I’m very pleased that we will continue to work together in areas like business education and teaching English to professionals in countries such as China.

I’ll be over at the FT later this afternoon to meet in person with as many colleagues as possible.

I know many of you across Pearson will have questions about what this means for our Professional line of business, of which the FT is a part. Pearson VUE and our English business remain incredibly important to Pearson, and are a big part of our future. John Ridding, Bob Whelan and Tas Viglatzis will be in touch directly with the Professional teams today, and in the weeks ahead, to keep everyone updated.

Looking Ahead

We plan to reinvest the proceeds from today’s sale to accelerate our push into digital learning, educational services and emerging markets. We will focus our investment on products and businesses with a bigger, bolder impact on learning outcomes, underpinned by a stronger brand and high-performing culture.

This will help us progress toward a future where learning is more effective, affordable, personal and accessible for people who need it most. By doing so, we can help more people discover a love of learning and make progress in their lives.

This is the promise of learning– and the future of Pearson."

Pearson PLC is a British multinational publishing and education company headquartered in London. It is the largest education company and the largest book publisher in the world. (source: Wikipedia)


2015-04-04

A Few Things Worth Reading

Many say forget ICANN--it's hopelessly conflicted and inept--and new gTLD domain names? Only tech oxymorons need more 1980s technology in the Mobile Apps Age of 2015! So, what do you really need to know about modern life and culture today? Bob Lefsetz starts us off--

Lefsetz Letter » Never Say Never: "Coke is in a tailspin, McDonald’s is dying, a star football player retires after one year of play, Apple offers twenty five TV channels for $30-$40 and SXSW is now a tech, not a music, festival. Dude, what happened to my country?".... The world will be saved by people. Who think. And lead thereupon....." (read more at the link above)

GoDaddy And The Eternal Optimism Of Retail IPO Punters - GoDaddy Inc. (NYSE:GDDY) | Seeking Alpha: "... Despite reams of historical evidence that most IPOs are overpriced and represent poor medium-term investments, there is an almost-unending stream of retail punters who jump into the next 'hot' IPO at almost any price, often on the basis of name recognition alone, only to be sorely disappointed in the months that follow... If GDDY was an early-stage growth company with an undefined 'blue sky' growth opportunity, these kinds of multiples and day-one enthusiasm would at least be explainable. But in response to the listing of a two-decades old business with a history of operating losses, a mostly mature (or at least maturing) market, a large majority of the share count yet to enter the float, the specter of numerous secondary offerings from motivated PE sellers; and, of course, listed comps trading at a fraction of the valuation, GDDY at $26 is beyond expensive..."

Facebook hosting doesn't change things, the world already changed — Remains of the Day"... The value of being a generalist as a reporter, someone who just shows up and asks questions and transcribes them into a summary article, is not that valuable. If you cover an industry, do you understand that industry? Take tech reporters as an example, many of them don't understand the underlying technology they write about. That may have sufficed in a bygone age, but it no longer does... Taking the time to become an expert in a domain still has value because it takes hard work, and that is also not a resource that is equally distributed in the world...."

11 Points A Somewhat Bearish Long Has Wrong About Google | Seeking Alpha"Advertising is how it has chosen to monetize the information flow it facilitates. In my eyes, the worst thing Google could do is get away from its position where it is comfortably collecting a royalty on the creation and flow of information."

How Super Angel Chris Sacca Made Billions, Burned Bridges And Crafted The Best Seed Portfolio Ever: ".... Camp, who sold StumbleUpon to eBay for $75 million in 2007, had the idea to make an app so his friends could book a black car to take them around town. He first called it UberCab. Camp’s friend and early advisor, the author Tim Ferriss, remembers that the idea seemed “ridiculous” to many outside the Jam Pad circle. “People who had the opportunity to invest laughed it off as this one-percenter vanity service,” Ferriss says. “Chris was not one of them. He had faith very early on.” Kalanick became a mega-advisor of sorts to the fledgling startup, and Sacca wanted a piece. The pair cemented the startup’s angel $1.3 million financing at the Truckee house, with Sacca ponying up $300,000, a large check for an $8 million fund. “I went all-in,” he says. More than just money, he helped negotiate Kalanick’s compensation and secure the Uber name from Universal Music Group. Lowercase would add another $400,000 worth of Uber at the Series A round in early 2011, led by Benchmark Capital’s Bill Gurley ..." (read more at the link above)
(emphasis added)

2014-12-17

ICANN, Dysfunctional, Sick Organizational Culture, Warped Values

ICANN Never Cleans Up Its Own Messes, It Just Creates More--

The story about an egregious UDRP case is hardly unique, but it is illuminating about how ICANN operates and fails, time and time again, in its mission, policy-making, implementation, coordination, and oversight roles. You can read the dismal details and how broken ICANN's UDRP policy (and its implementation) is at the first link above, but this is all "typical ICANN stuff" which most knowledgeable domain name registrants have come to expect from ICANN and the SIPs (Self-important People) on ICANN's Board of Directors, as well as some members of the "stakeholder" groups. You know, those people who have the time and resources to fly around the world for multiple meetings every year, staying in luxury hotels, often paid for by ICANN (from domain name registrant fees)--just to meet and make more bad policies, which are then poorly implemented by ICANN  and third-party contractors, with no oversight nor follow-up by ICANN's Board, staff, or stakeholder groups. Any wonder why ICANN is commonly referred to as ICANT?

And of course, there is no domain name registrants stakeholder group within ICANN, which is yet another reason ICANN is held in such low regard by so many domain name registrants. Instead, we get new gTLD policy and implementation by people who do not know what they are doing, who have limited understanding and experience "buying, owning, developing, managing, and selling" domain names, even from an average registrant's perspective, and ICANN know-it-alls who rely on information and "expert opinions" from self-interested, profit-seeking stakeholders or contractors or consultants, who are paid by ICANN to give the information and opinions the stakeholder groups or staff or Directors want, to justify ICANN's next bad policy-making action and implementation, all of which is used to justify the exorbitant salaries, expenses, and budget of ICANN. It never ends. For just a few examples of the systemic dysfunctions within ICANN, see:
And then we have the lack of honesty, accountability and transparency, the "cover-ups," the "secrets" that must never be disclosed, as indicators of a very sick organizational culture with warped values. Of course, I am not the first to notice all of this. For example, Kieren McCarthy, a former ICANN staffer, has written about this, multiple times, in recent years, see: My analysis of the broken ICANN culture | Kieren McCarthy [dotcom] and The case study that could kill ICANN | .Nxt | Internet policy and governance. Meanwhile bumbling NTIA bureaucrats at the US Department of Commerce have chosen to maintain a state of denial about all of this, although two years ago they said ICANN was unfit to be granted the IANA contract:
Ethics Fight Over Domain Names Intensifies - March 18, 2012 - NYTimes.com: "... the United States government is also dissatisfied with ICANN. The Commerce Department said it had canceled a request for proposals to run the so-called Internet Assigned Numbers Authority [IANA] because none of the bids met its requirements..."
And then there is dysfunctional ICANN mission drift--one would think with the on-going roll-out (and concurrent problems) of the largest expansion of the domain name system in history, as well as the multiple on-going processes concerning ICANN accountability and the IANA transition, that the ICANN CEO would have more than enough on his plate, but no, he has been spending his time (and hundreds of thousands of dollars from ICANN's budget) trying to "force" or "beg" the global internet community to join his ill-conceived, top-down, unwanted, unneeded idea for another global internet organization--the so-called NETmundial Initiative (not to be confused with the original NETmundial Conference held in Brazil--The Register: "ICANN has been criticized for its efforts to control conversations over internet governance while at the same time claiming to be open. The creation of the NetMundial conference earlier this year and its sister astroturf * organization, 1Net, was bankrolled by ICANN. It then used its clout to controversially change a key recommendation of the conference at the last minute. Some months after that conference, ICANN was again criticized when it announced out of the blue that it was partnering with the World Economic Forum to create the namesake "NetMundial Initiative"."). *“Astroturfing” is the practice of hiring a third­ party group to advocate for an issue, falsely giving the impression that the effort is a “grassroots,” bottom­up initiative [source: Strategy Panel: ICANN’s Role in the Internet Governance Ecosystem (pdf)--see footnote 109]. I kindly suggest to Fadi Chehade that he "call the whole charade off" and start "taking care of business" at ICANN.

I further suggest that at the next ICANN meeting (and perhaps thereafter), every attendee when checking in, be required to complete a poll and the results be recorded and published, with the second question sorted by category (as either "domain name registrant" or "not a domain name registrant"):

1. Are you currently a domain name registrant? Yes / No

2. Please answer this question: Why are you here? [Please be honest, your answer will be recorded, not your name.] Answer:

Acceptable answers might include: "I like to travel and stay in nice hotels, and ICANN is paying for my flight, hotel, and per diem expenses, to be here" or "I am (or my employer is) an ICANN contractor and I am here to 'game the system,' keep the money flowing, and increase profits." Those are just two honest answers out of many possible answers--someone could make a game out of this--The ICANN Game.

-- John Poole, Editor, Domain Mondo



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