equity - ReadWriteWeb http://www.readwriteweb.com/feeds/tag/equity en Copyright 2012 Richard MacManus readwriteweb@gmail.com Tue, 14 Feb 2012 12:45:00 -0800 http://www.sixapart.com/movabletype/?v=4.35-en http://blogs.law.harvard.edu/tech/rss Top Marketing Geeks Make Their Predictions for 2009 marketinglogo.jpgWill 2009 be the big year for corporate transparency, for a global conversation - perhaps for bargain basement online marketing tactics instead of old-school huge commercial campaigns?

Peter Kim, a former Forrester analyst now working on stealth enterprise software company, recently polled 14 of the most high-profile thinkers about social media marketing and asked them what they expected to see 2009 bring. The end product was an attractive 23 page PDF that we've embedded below, but we thought we'd pull out some of the thoughts we found most interesting for all you skimmers out there.

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"Now with connective technologies like Facebook Connect, Google FriendConnect, and OpenID, consumers will now be able to see reviews, experiences, and critiques from people they actually know and trust." - Jeremiah Owyang, Forrester Research

Our take: Much as we are concerned about the proprietary nature of Facebook Connect in particular, the ease with which people are able to see feedback left by people they know, with confirmed identities, really could be a game changer.

Access

scottmontypic.jpg"Twitter will continue to achieve legitimacy. But more than any push-channel, Twitter will give customers, advocates and critics unprecedented access to corporate personnel and vice versa." - Scott Monty, Ford Motor Company (Photo, right, by Wendy Piersall)

Our take: This makes sense, and it's pretty funny to think about. Even the biggest cynics often have a dramatic turn around about Twitter once they start using it, and the intimacy that develops is remarkable. We agree with Monty that this will become increasingly difficult to resist.

Measuring the success of social networks

RohitBhargava.jpg"Implement listening programs through social media to get real time authentic knowledge that is actionable... Measure with customer service metrics like retention/ satisfaction & social metrics like engagement." - Rohit Bhargava, Ogilvy (Photo by Shashi Bellamkonda)

"Slowly but surely, we're going to develop a set of better metrics to help guide, direct and validate 'commitment'-based marketing and yes, Mr Kim....they will extend beyond the rather short term, blunt metric called ROI". - Joseph Jaffe, Crayon

Our take: Good luck with that, we're not optimistic. This is soft stuff and though clear success speaks for itself, all the gradations between success and failure are going to be very hard to quantify.

Quality vs Quantity in Social Media

"I believe we'll have more focused velvet-rope social networks in 2009 where the tools and the goals match verticals of interest instead of the general commons of Facebook." - Chris Brogan, New Marketing Labs

charleneli.jpg"Exclusivity trumps accessibility. Having thousands of friends becomes 'so 2008' and defriending becomes the hot new trend, driven by overwhelming rivers of newsfeeds." - Charlene Li, Altimeter Group (Photo by deneyterrio on Flickr)

Our take: Maybe, for some people and in some circumstances this will be the case. We expect most people to find a middle ground between the whole sale slow-down that some seem to expect and an evolutionary adjustment to vastly increased data input.

Making the most of limited budgets

"Dwindling budgets suddenly make low-cost social media look like the pretty girl at the ball. " - Ann Handley, Marketing Profs

"Companies will struggle with how to control who says what -- but will increasingly realize that in an economic downturn, they need all the marketing muscle and leverage they can get and actively encourage." - Charlene Li

Our take: This makes a lot of sense to us, but we expect that it will be tempered by the fear of totally blowing it. Getting into the social media space and doing it wrong is something that a lot of companies fear getting blown apart for. We expect that to change slowly and only for a limited number of companies.

Here's the full document embedded below - what do you think of these predictions?

Social Media 2009
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http://www.readwriteweb.com/archives/top_marketing_geeks_make_their_predictions.php http://www.readwriteweb.com/archives/top_marketing_geeks_make_their_predictions.php Analysis Tue, 16 Dec 2008 19:49:47 -0800 Marshall Kirkpatrick
Exclusive: Prototype Invest - App Development for Equity Tomorrow a new breed of investment firm called Prototype Invest will officially launch, though the site is available now. Prototype Invest is a unique type of early stage investment firm. Rather than put money into startups, Prototype supplies technology in exchange for equity. This is an investment firm for anyone who has ever been told, "Ideas are a dime a dozen, kid. Come back when you have a working prototype."

]]> Founded by web developer and Denmark native Michael Christensen, Prototype Invest will provide people who have an idea but don't possess programming or design skills a way to take their idea and turn it into a prototype to show investors. "Think of us as a Venture Capital firm providing software, web applications and guidance, instead of money," says the company on the site. "All we ask for is equity in your idea - you don't have to pay anything for our services."

The company has a network of developers and designers which it will employ to create prototypes or full products based on ideas submitted by entrepreneurs. In return, it will take an equity stake in the app it helps create. Prototype Invest will evaluate ideas submitted to it based on merit as well as the character of the entrepreneur who pitched it.

"There are so many great ideas wasted for the wrong reasons - we are here to change the rules of the game," Christensen told me. According to Christensen, any entrepreneur who is unhappy with the results of their relationship with Prototype Invest can walk at any time.

Prototype Invest has a lot riding on trust -- in fact they say on their front page that "without trust we simply can't exist" -- which means that ideally, anyone willing to fork over an idea to the service has not only been told that ideas are a dime a dozen, but also truly believes it. Prototype will work out contracts and the amount of equity taken on a case by case basis, and Christensen tells me that they're open to signing an NDA with entrepreneurs prior to being pitched.

But there will need to be a certain amount of trust on both sides that ideas won't be stolen or misappropriated.

Along with development services, Prototype Invest also offers to help entrepreneurs pitch their idea (and newly minted prototype) to investors, which makes sense given that Christensen and team will only make money if the app is a success. At some point in the future the team is also considering offering Y Combinator-style microfunding.

Will Prototype Invest work? It's hard to say, but there is little doubt that they won't lack for ideas being sent their way -- they are a dime a dozen, after all.

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http://www.readwriteweb.com/archives/prototype_invest.php http://www.readwriteweb.com/archives/prototype_invest.php Product Reviews Mon, 28 Apr 2008 14:30:01 -0800 Josh Catone