This afternoon my hard drive decided it had enough. It didn’t completely die (at first), but rather suffer a massive stroke. The event was so catastrophic that a gentle grinding noise is was the only response to be found. After taking it to the experts, I’ve declared my Powerbook G4 computer officially on permanent life support dead.

For some, loosing a hard drive unexpectedly is enough to cause an actual stroke. After watching certain family members freak out about broken technology time and time again, I’ve learned to take a more relaxed approach. Rather than getting upset for no reason, I try to ask myself: what are the positive take aways and what can I learn for next time? I know that backing things up and watching for warning signs is key, but also not sweating the small stuff is important. Although I potentially lost valuable information for my startup, loosing a hard drive is a very insignificant event in the course of my life.

Learning to keep your cool in stressful situations is an important skill. Some of us are better than others, but ultimately it comes with practice. There’s no better opportunity than to practice stress than through the roller coaster ride of entrepreneurship. Starting something, companies, organizations, work out routines, etc…, requires discomfort. The more comfortable you are with discomfort and the more often you face it, the better prepared you will be when the discomfort approaches unexpectedly. I like to call it “testing yourself with the opportunity to fail”.

David Brooks wrote a great New York Times article about outsourcing your brain through technology. I’d like to take that a step further and suggest that technology, specifically web-based technology, allows people outsource their brain and discomfort. In the short run, outsourcing discomfort is helpful. It allows people to focus on day-to-day meaning, with virtual insurance covering the rest. But it’s also important not to move to far from discomfort. Although back up systems and systems of back up systems have a purpose, they too can fail at the worst possible moments. Technology is a tool, but not an absolute. Mental preparation for discomfort is just as important as physical preparedness.

Posted by Sam, filed under Entrepreneurship, Random, Razume. Date: May 30, 2008, 10:42 pm | No Comments »

Considering the millions of blogs on the internet, is there value in adding another voice to the crowd? The world is currently awash in content. Web 2.0 has opened the flood gates to user empowerment and content-on-content compounding. So with all the user generated flotsam filling the internet ocean, is anyone actually listening?

Over the past few years, I’ve learned to appreciate the value of having a voice on the web having seen blogging emerge as the universally accepted platform for open online communication. From an economist’s perspective, similarities can drawn between the utility of blogs and that of money. From Econ 101, most will remember that money has the following three characteristics: store of value, means of exchange and measurement of wealth. Throughout the internet, blogging exhibits these characteristics in a number of ways:

Store of Value
At their core, blogs record thoughts, opinions and facts (although it seems like few focus on the latter). By aggregating content over time, value can be created and stored. Permalinks are the best example of stored value through blogs. The value of these links grows as content-on-content compounding takes flight.

Means of Exchange
Although blogs are not physically traded for goods and services, blogging links provide a medium to exchange publicity and credibility. Specifically, many successful bloggers leverage linkbacks to provide reciprocal recognition. In exchange for posting interesting or obscure content, the best (or luckiest) bloggers can attract huge numbers of eyeballs from around the world in split seconds. Blogging also provides an efficient platform for the exchanging of thoughts. On the aggregate, this exchange grows efficient as content is easily digested and disseminated or dismissed.

Measurement of Wealth
While this last one is more of a stretch, blogs can provide a measure of psychological or intellectual wealth. Although this measurement is far from scientific, blogs provide a natural mechanism for ranking the relative value of thoughts. Of course, blogs with many subscribers have a higher perceived content value than those lacking interest. With all the metric ranking software available, it’s clear that people are interested in understanding the relative value of their content in the marketplace.

Posted by Sam, filed under Finance, Random. Date: April 28, 2008, 11:29 pm | 2 Comments »