Showing posts with label Fail. Show all posts
Showing posts with label Fail. Show all posts

2017-12-04

Startup Jungle: Entrepreneurs In A Startup Hub (video)

Startup Jungle: Entrepreneurs In A Startup Hub

The Economist video above published Nov 23, 2017:   Most new companies fail, so what does it take for young entrepreneurs around the world to thrive in a startup hub?

Auto-generated transcript via YouTube.com:




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2017-06-26

Interview With Daron Acemoglu, Author of Why Nations Fail



Interview With Daron Acemoglu: Masters in Business (Audio) by Bloomberg View: Bloomberg View columnist Barry Ritholtz interviews Daron Acemoglu, Elizabeth and James Killian Professor of Economics at MIT. He is the recipient of several awards, including the 2005 John Bates Clark Medal. He is the co-author of "Why Nations Fail: The Origins of Power, Prosperity and Poverty" and among the most cited economists in the world.

Daron Acemoglu on Why Nations Fail:

Video above published March 23, 2012, by the Massachusetts Institute of Technology (MIT).

All the difference in the world | MIT.eduEconomists Daron Acemoglu of MIT and James Robinson of Harvard University have another answer: Politics makes the difference. Countries that have what they call “inclusive” political governments — those extending political and property rights as broadly as possible, while enforcing laws and providing some public infrastructure — experience the greatest growth over the long run. By contrast, Acemoglu and Robinson assert, countries with “extractive” political systems — in which power is wielded by a small elite — either fail to grow broadly or wither away after short bursts of economic expansion. “You need political equality to underpin economic prosperity,” says Acemoglu, the Elizabeth and James Killian Professor of Economics at MIT.




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2015-07-06

Apple Watch, Apple Music, Apple #FAILS? $AAPL, Google Search Trends

UPDATE August 20, 2015: People are giving up on Apple Music survey says – 48% of “free trial” users stopped using it while only 11 percent of iOS users have tried the streaming service so far, according to MusicWatch and The Verge via @verge #Apple $AAPL

UPDATE (July 26, 2015): Why the iPhone matters to Apple - Business Insider (Jul. 26, 2015): "... Apple's stock tanked globally ... People are clearly worried that Apple's 'golden goose' is in trouble ... there was one key metric that fell below Wall Street's expectations: The number of iPhone units sold ..." (emphasis added)

UPDATE: July 23, 2015: Apple Music is described as a "nightmare"--Apple Music is a nightmare and I’m done with it"At some point, enough is enough. That time has come for me—Apple Music is just too much of a hassle to be bothered with. Nobody I’ve spoken at Apple or outside the company has any idea how to fix it, so the chances of a positive outcome seem slim to none." (read more at the link above)

UPDATE July 21, 2015: Bloomberg reports today Apple Poised for $50 Billion Loss of Stock Market Value: "The biggest technology rally since October was knocked cold, as disappointing earnings reports punished Microsoft Corp. and left Apple Inc. in danger of its worst-ever loss of market value. Five days after Google Inc.’s earnings sparked the largest one-day increase in market capitalization, computer and software shares are tumbling ... Apple, the world’s most valuable company, dropped 6.7 percent, a slump that would wipe more than $50 billion from its value... Apple slid in late trading after iPhone shipments for the fiscal third quarter and the company’s revenue forecast for the current period missed analysts’ projections, raising questions over whether demand for the device has peaked. If the stock sinks that much in regular trading, the hit to market cap would be the second-biggest in the company’s history, after a $59.6 billion drop on Jan. 24, 2013." Check after-hours trading on NASDAQ: AAPL

UPDATE (July 20, 2015)Skepticism remains about the Apple WatchThe New York Times (July 19, 2015) -"... lack of support from Facebook — and from other popular app makers like Snapchat and Google, which also have few if any apps for Apple Watch — underscores the skepticism that remains in the technology community about the wearable device ..." (emphasis added)

UPDATE (July 9, 2015): The Chilling Thing Gartner Just Said ...| Wolf Street: "MarketWatch reported that [Apple Watch] sales, based on data from Slice, might have plunged 90% since that week, to fewer than 20,000 watches a day, and on some days fewer than 10,000. “The value of a smartwatch for the average user is still not compelling enough,” explained IT research and advisory company Gartner in its report on worldwide electronic device shipments." Gartner Says Worldwide Device Shipments to Grow 1.5 Percent, to Reach 2.5 Billion Units in 2015:The mobile phone market growth rate is expected to slow down to 3.3 percent growth in 2015. "The global market has been affected by a weaker performance in China. We have witnessed fewer and fewer first time buyers in China, a sign that the mobile phone market in there is reaching saturation. 

Chart of 2005-2015 Search Trends: Blue-AppleWatch; Red-iPod; Orange-iPad; Green-iPhone; Purple-AppleMusic
2005-2015 Search Trends: Blue-AppleWatch; Red-iPod; Orange-iPad; Green-iPhone; Purple-AppleMusic.
Source: Search Terms via 
GoogleTrends (data as of July 5, 2015; forecast shown as dashed lines)

chart of 2015 Search Trends: Blue-AppleWatch; Red-iPod; Orange-iPad; Green-iPhone; Purple-AppleMusic
2015 Search Terms: Blue-AppleWatch; Red-iPod; Orange-iPad; Green-iPhone; Purple-AppleMusic.
Source: GoogleTrends (data as of July 5, 2015)
So far in 2015, Apple Watch and Apple Music rank with Apple's almost gone iPod in search trends--iPhone (green line) still a very popular search term--but for how long? See: Domain Mondo: The Problem With Apple $AAPL (June 8, 2015) and Safari is the new IE | Read the Tea Leaves: "In recent years, Apple’s strategy towards the web can most charitably be described as “benevolent neglect.” Although performance has been improving significantly with JSCore and the new WKWebView, the emerging features of the web platform – offline storage, push notifications, and “installable” webapps – have been notably absent on Safari" (emphasis added). Of course we really won't know about Apple Music until after the free three-month trial period is over, although some music industry insiders are already calling it a failure.

And Apple stock? The picture doesn't look pretty since the June 8th Apple WWDC 2015 keynote (June 8th was the launch date of Apple Music; Apple Watch launched April 24, 2015):

Chart of Apple stock AAPL since Apple Music launch of June 8, 2015.
Apple stock AAPL since Apple Music launch of June 8, 2015. Chart source: google.com
Chart showing Apple stock AAPL was at $132.65 the day before Apple Watch launched
Apple stock AAPL was at $132.65 the day before Apple Watch launched, a price it hasn't seen since--
the launch of two major products and Apple stock is down! Chart source: google.com
Check Apple stock price now: NASDAQ: AAPL

Principal domain name: apple.com

Tim Cook is a supply chain guy. Jony Ive is a hardware design guru. As noted in Domain Mondo's first post in this series, Apple is falling behind in technology. At some point, consumers will start to notice, if they haven't already.

Note: As noted above, this is the second in a series of articles on Apple, its products and services, and AAPL stock (disclaimer at the bottom of this web page and here.)

See  also: Apple Watch demand is looking worse than expected - Business Insider (July 1, 2015).


2015-01-06

Why New gTLD Domain Names Fail To Work Across the Internet

Every Day More Problems Are Coming To Light With ICANN's New gTLDs (Generic Top-Level Domains):

ICANN was warned, repeatedly--even by one of their own "insiders" [see article excerpt below by Ram Mohan, Executive Vice President and CTO, Afilias, and also a member of the ICANN Board of Directors since 2008]--but ICANN arrogantly ignored the warnings and public interest issues such as the universal acceptance failure of new gTLD domains, as well as issues of Internet stability and security in its money-grab a/k/a the new gTLDs program--

More Problems Crop Up With Universal Acceptance of Top Level Domains (by Ram Mohan): "... George Santayana quote, "Those that cannot remember the past are doomed to repeat it" ...[is] an apt warning for what is currently happening — again — with the hundreds of new generic Top Level Domains (gTLDs) that are launching... and failing to work as expected on the Internet... [I]n the early 2000s, seven new gTLDs were launched: .AERO, .BIZ, .COOP, .INFO, .MUSEUM, .NAME and .PRO...  Any TLDs that were more than three characters long promptly ran into usability issues. I know this from first-hand experience with .INFO, for which my company, Afilias, is the registry operator... I spent a good part of my time, in the first five years after .INFO launched, working with vendors to get their systems to accept .INFO email addresses and .INFO domain names as valid. Now, 13 years later, it's still possible to find systems that reject .INFO addresses. From that experience, I developed my three rules of TLD acceptance.

"Mohan's Three Rules of TLD Acceptance:
  1. An old TLD [e.g., .COM, .NET, .ORG] will be accepted more often than a new TLD.
  2. An ASCII-only TLD will be accepted more than an IDN TLD.
  3. A two or three letter TLD will be accepted more often than a longer ccTLD or gTLD.
"Web browsers... have varying rules for how to deal with a website address in a top-level domain that the browser does not recognize...  many applications and apps that use the Internet still refer to a locally held (and quickly outdated) list of "valid" TLD names, rather than using the DNS to determine domain name validity... the issue of universal acceptance never really got solved, the topic takes on heightened importance due to the creation of hundreds of new top-level domains on the Internet... in the current crop of new TLDs, even three character strings get caught in the mix. What was previously considered primarily an infrastructure-level issue is now poised to become a major user-level issue, with negative impact on both the regular Internet user and inside corporations... " (emphasis added, read more here)

But I guess the money ICANN was collecting from new gTLD applicants was too hard to resist--particularly when you look and see who benefits from ICANN's exploding revenue--the exorbitant compensation, benefits, and "expense reimbursements" for ICANN directors, officers and staff, expanding offices and overhead, excessive payments to ICANN-favored third parties etc., for contractor "services."

Question: "Is it a deceptive, unfair or fraudulent business practice to "sell" or "offer for registration" domain names that do not work across the Internet?"

UPDATE: see ICANN 52, Universal Acceptance, New gTLD Domain Names "break stuff"

see also: ICANN, New gTLD Domain Names, Universal Acceptance Another #FAIL - 14 October 2014

Caveat Emptor!

2015-01-02

ICANN's New gTLD Domains Are Failing Badly, 2015 May Be Even Worse

CentralNic ... - Finance News - London South East: "... the Internet Corporation for Assigned Names and Numbers [ICANN] to downgrade their demand projections to 15 million domain registrations under the new top level domains by June 2015 from 33 million...."
If you want just an "opinion" about ICANN's new gTLDs (new generic Top-Level Domains), you can find plenty of hucksters hawking their hokem on countless "domaining blogs" and elsewhere on the internet, as well as at numerous "domain name conferences," but for now, let's just look at the facts--the actual registration numbers as reported by ntldstats.com (*data capture as of January 2, 2014 @ 10:33 am EST):

Chart of New gTLD domain name registrations by month FY15

So how badly are ICANN's new gTLDs failing? Well, ICANN originally predicted 33 million new gTLD domain name registrations in FY15 (Fiscal Year 2015: July 1, 2014-June 30, 2015), then "lowered the bar" by more than half in the adopted ICANN FY15 budget to just 15 million new gTLD domain name registrations in FY15. So where are we at the end of the first half of FY15 (December 31, 2014)?

According to ntldstats.com* there were 1,418,338 new gTLD registrations at the end of FY14 (June 30, 2014). If you subtract that from 3,715,143 total new gTLD registrations at the end of calendar year 2014,* then there were only 2,296,805 new gTLD registrations in the first-half of FY15 (including the hundreds of  thousands of new gTLD registrations given away for free!) --meaning ICANN and "whomever ICANN listens to," were "delusional" about the demand for new gTLDs. Of course this shouldn't surprise anyone--ICANN made monumental mistakes in its new gTLDs program, including not considering "registrant demand for new gTLDs" as a "relevant factor" in deciding whether to even authorize any new gTLDs. Instead ICANN decided to just flood the Internet Domain Name System (DNS) with hundreds of unwanted, unneeded domain extensions because there were fools willing and able to pay ICANN $185,000 per new gTLD for the right to do so, or to participate in ICANN's auctioning off of the Internet DNS to the highest bidders. Remember, for ICANN, itself a monopoly, "It's all about the money" and to heck with the public interest and Internet security and stability.

Based on the trends thus far (see chart below), new gTLD registrations for all of FY15 will not only fall far short of the ICANN budgetary estimate of 15,000,000, but in fact will be "lucky" to total even a third of that (5,000,000). And that is without even taking into consideration that renewals of new gTLD registrations will begin in 2015 for the first time--how many domain name registrants who received those hundreds of thousands of "free" new gTLD domain name registrations in 2014, will actually pay to renew those mostly worthless new gTLD domain names in 2015?

Chart of ICANN estimate and actual new gTLD registrations FY15
ICANN estimated 15 million new gTLD registrations for FY15, actual registrations are falling far short




Caveat Emptor!



2014-12-30

New gTLD Domains, 2014 #FAIL, Hucksters and Losers

Hope you didn't buy into any of the BS of ICANN and the new gTLD hucksters in 2014, and Domain Mondo certainly hopes you were not an investor in a new gTLD Registry--it was one of the worst investments you could have made in an otherwise up-market year--here's an example:

"Antony Van Couvering was appointed CEO of Minds + Machines Group (L:MMX) five years ago in 2009. In the last 1 year the average annualized return to shareholders was -45.4%. The present value of GBP1,000 (PV1000) invested 1 year ago is now GBP546, a loss of GBP454." (Source: www.BuySellSignals.com)

Moral of the story: "Buy into the new gTLDs (new generic Top-Level Domains)--and lose your money!"

But of course, Domain Mondo warned you all about this.

Caveat Emptor into 2015!

2014-11-28

FailCon: So Your Startup Failed, It Doesn't Mean YOU Are a Failure

Welcome to the Failure Age! - NYTimes.com: "An age of constant invention naturally begets one of constant failure. The life span of an innovation, in fact, has never been shorter. An African hand ax from 285,000 years ago, for instance, was essentially identical to those made some 250,000 years later. "
The FailCon event in San Francisco was canceled this year and Ms. Phillipps reports in the New York Times that "part of the reason is that failure chatter is now so pervasive in Silicon Valley that a conference almost seems superfluous. “It’s in the lexicon that you’re going to fail.” "30 to 40 percent of venture-backed start-ups blow through most or all of their investors’ money, and 70 to 80 percent do not deliver their projected return on investment." (source)

Startup failure, although destigmatized on a cultural level in Silicon Valley, can be painful for an individual entrepreneur:

Today my startup failed: "No soft landing, no happy ending—we simply failed... Our most recent product, DrawQuest, is by all accounts a success. In the past year it’s been downloaded more than 1.4 million times, and is currently used by about 25,000 people a day, and 400,000 last month alone. Retention and engagement are great. And yet we still failed. It may seem surprising that a seemingly successful product could fail, but it happens all the time. Although we arguably found product/market fit, we couldn’t quite crack the business side of things... I’m disappointed that I couldn’t produce a better outcome for those who supported me the most—my investors and employees. Few in business will know the pain of what it means to fail as a venture-backed CEO. Not only do you fail your employees, your customers, and yourself, but you also fail your investors—partners who helped you bring your idea to life... they’ve supported me throughout the ups and downs, and especially the downs. With that said, life goes on, and the best path forward is not a wounded one, but a more learned and motivated one..." --Chris Poole, founder of 4chan

Rewriting Cheezburger Saved My Life — Backchannel — Medium: "... When my first start-up failed, in 2001, I struggled with depression and thoughts of suicide. Things may have looked bad in 2013, but I had promised myself that I would not return to that same dark, helpless place. For many entrepreneurs, life and business are the same thing—a dangerous yet alluring corruption of the ego. If you really believe that you and your business are one, business failure destroys you, and success rewards you infinitely. But no outcome warrants such sacrifice. I started to tease apart my two identities first by embracing my own failure. I discussed the layoffs publicly. A public failure is embarrassing and isolating. You become the target of an endless stream of negativity. Acquaintances and strangers alike call you a crook, a fraud, a robber baron. You become a scapegoat for all the world’s economic, moral and social wrongs. Once you publicly disclose a failure, you only really have one choice: move on...." --Ben Huh, CEO of The Cheezburger Network

Wearing Your Failures on Your Sleeve - NYTimes.com"“We are getting a billion dollars a month of new investor money coming into the region, [Silicon Valley]” says Dr. Freeman, a co-founder of a nonprofit and a start-up. “If you fail, some investors believe that you’ve got the guts to take it to the mat. That you’re not personally going to be so damaged by adversity as to lose your persistence in business. That you’ll fight.”" (emphasis added)

Resources: failforward.org




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