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April 1st, 2010

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TWiST #46 with David Heinemeier Hansson

March 19th, 2010
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Jason’s guest this week was David Heinemeier Hansson, creator of Ruby on Railsand partner at 37signals.  This show will go down as one of the epic shows, two great entrepreneurs both with often what appeared to be differing opinions but similar in many way.  You’ll have to watch to understand that comment, not to mention 2 great insights from Tyler “he’s back!”.

Insight From Tyler, “Going out for drinks and not going back to her place”

00:05 Ask JasonAngela Benton (Black Web 2.0) calls in to ask, Do you think the Weblogs, Inc model will work today, in a specific vertical or niche?

00:18 It’s all about solving pain points

00:23 Jason’s Shark TankDevrim Yasar calls in to pitch Kodingen, a cloud development environment

Insight From Tyler, “Homeless Hotty At A Hip Hop Club” you’ll have to watch to understand

00:47 Interview, How David got started in tech.

He Got his first computer at 6 years old, his friends became programmers and he had no interest in C++

His first interest was in gaming and he ran a gaming review site (1997) about the upcoming launch of Quake 3

He worked an incubator in Denmark but quickly realized it wasn’t working which led to an interesting discussion about Europe vs the US and that in Europe you are accountable for VC money.

00:50 David isn’t a swing for the fences guy he believes in singles and base hits as a way to run your company

Jason shares his progression from the base hit approach to swinging for the fences through his three companies

Freemium vs premium discussion (Facebook vs 37signals)

David is not a believer in getting eyeballs = money

00:56 David believes market share doesn’t matter it’s all about profit

If offered an absurd amount of money he wouldn’t sell 37signals, he enjoys the work

01:02 David thinks that you should be working on your best idea at any given time

It’s all about profit not revenue
01:06 How “the exit” has changed the game

01:10 How the system is set up to benefit the entrepreneurs

Build a profitable business

Money taken from (Jeff Bezos) went to the founders and wasn’t to grow the company

01:14 David’s delusion’s of granger

01:16 David would not trade 37signals for Salesforce

David may believe in an older form of capitalism

01:22 News with Mike Bracco

TWiST #45 with Tony Hsieh

March 15th, 2010
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Jason’s guest this week was Tony Hsieh, CEO of Zappos and author of the soon to be released book Deliverying Happiness (June 7, 2010).  Highlights of the show included 2 points of advice from Tony to entrepreneurs, a bunch of giveaways and multiple mini-guest segments.

00:03 Surprise guests include:
Brian Alvey
Don Dodge
Matt Coffin
Shel Israel

00:13 Tony Hsieh interview

  • Book discussion (why, what’s in the book)
  • Delivering Happiness Bus
  • How to motivate employees

Ask Jason
00:19 Rob May, CEO of Backupify asks, How much focus should I place on competitors?
00:23 Don Dodge, Developer Advocate at Google asks, If you took Tony out of Zappos would Zappos be successful and follows up could Tony turn around an old company like General Motors?  This is one of the things I love about Don Dodge, he’s not afraid to ask questions.  This is the second time he has asked a question on the show, last question was on TWiST #10

Jason’s Shark Tank contest
00:27 Scripped, eBay for scripted content, helps producers find content
00:31 Youphonics, a tool to let musicians jam online together
00:34 Throwboy Pillows, custom pillows (winner)

The winner receives:

  • One year of VPS service from PowerVPS
  • One year of Email service from DNAmail (up to 10 mailboxes)
  • One year of High Speed Internet from DSL Extreme
  • One hour of business strategy consulting from IKANO team
    • The IKANO team will provide up to one hour of strategy consulting to Startup via conference call.  Jason or anyone from Mahalo/TWIST team can join if they would like. The startup can ask IKANO team for advise on any business related questions including social media, marketing, technology or general business questions and the IKANO team will provide insight and feedback.  IKANO services and interacts with tens of thousands of business and can provide guidance based on our experience.
    • Team

00:41 Tony Hsieh interview continued

  • When Tony joined Zappos
  • Zappos culture and it’s development
  • Paying employees to quit
  • Zappos sale to Amazon and how things have changed
  • Tony’s advice to entrepreneurs
  • What Tony reads

00:56 News with Lon Harris

Special thanks to our title sponsors this week: Bing and Sonos

Additional sponsors this week include: Loopt, Redpoint Ventures and Youphonics


TWiST is brought to you by our generous sponsors:

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ThisWeekIn Feedback Request

March 14th, 2010

ThisWeekIn has launched in beta and we would like your feedback, please share what you like, dislike, anything we should add, remove, change?

The Resumator, Non-Sexy but Buzzworthy

March 12th, 2010

I decided to go way back to one of the first callers of Ask Jason (TWiST #5), I contacted Don Charlton, Founder of The Resumator.  Don called in to ask, how do I create buzz for a non-sexy product (recap)?  It looks like Don is doing a great job and starting to create that buzz around the not so sexy product of online recruiting.

Q&A with Don Charlton:

Has the blog helped you get traction in the industry?

DC – We’re actually trying to attack blogging from a few fronts.  First, we’re going to use our Resumator blog for just product-related features. Second, my advisor (who is in the recruiting space) and I have decided to launch hireku.com (like haiku – not yet live) as a podcast resource for entrepreneurs to understand the many issues surrounding recruiting, hiring and on-boarding. This blog will of course point back to our respective services. We made this decision because we wanted to offer information under a brand that was not so clearly about self-promotion. Finally, I blog at dontreprenuer.com about my experience as an entrepreneur.

Do you think blogging about the industry versus yourself worked?

DC – It’s probably too early to know if dontrepreneur.com or hireku.com will be more valuable to growing The Resumator. When we thought about blogging for the industry, we realized that we did not yet have a solid presence in the entrepreneurial and HR community. In other words, we had not clearly identified the social hangouts of these types of people, and then engaged them in conversation. Since TWiST, we have worked to identify where out customers hang out on the Web, and are working to engage them.

Did you try hosting a local event about hiring services?

DC – Not yet. We’re just too focused on growing sales and hiring at this point.

Did you try the survey idea, to create interest?

DC – Yes, but in a different way. We surveyed our existing customers to learn more about how they came to the conclusion to use The Resumator. The feedback was overwhelmingly positive, but we did learn what we can do to make improvements. In the course of those
conversations, we were able to ask for new business, and some good leads were generated there.

So what is your purple cow?  How is Don unique?  Did you feel comfortable doing this?

DC – I feel perfectly comfortable talking about myself. Before I try to think of unique things, I guess something uncommon about me (in the tech space) is I’m black. There are few highly-visible black tech entrepreneurs that I have seen, it is something that people find interesting about me. I think my purple cow is when you meet me I am so anti-stereotype of tech entrepreneur. I want to be successful to show other black entrepreneurs this is not just for suburban or San Francisco geeks! I would also say I have a pretty good knack for writing, so I am blogging at www.dontrepreneur.com about my views on product development and entrepreneurialism. Still trying to determine what is most interesting about me, and not just uncommon.

Did you implement the referral bonus idea?

DC – Yes we have a Resumator Referral Rewards Program (R3) that will be running on our soon to be released second product: Appvite. You can sign up for the Appvite beta at www.appvite.com.

Still in Pittsburgh?

DC – Yes. While I can understand Jason’s perspective about Pittsburgh in some respects, I also feel that an emerging group of young entrepreneurs is forming here. Even from across the country, we’ve been able to secure Dropbox, Evernote, Bump, Posterous, Weebly and a
bunch of other hot startups as customers. I won’t say the social atmosphere in Pittsburgh is great (which I was alluding to when I agreed with Jason), but the support you receive from the Pittsburgh investment and tech community is wonderful.

Can you share any measurable analytics, progress since the call?

DC – Well, I will say everything is “up and to the right”. We are growing each month despite a restrained marketing budget, and we are soon to start pushing our more dollars to drive site traffic. Our retention rate is very, very high, which is good. With a few key partnerships we’re working on, and a little luck, we’ll be profitable in 2010.

It was mentioned Don that you attended an incubator program, if so what one? Can you give a brief summary of your experience?

DC – I was in the AlphaLab program (www.alphalab.org) here in Pittsburgh, which is run by Innovation Works. It does not receive the press coverage like the others, but it’s now in its fourth class and we all enjoyed the experience. I am trying to be a success story from them to put AlphaLab on the map. AlphaLab invests $25,000 in each AlphaLab company in return for 5% common stock in the company. In addition to the guidance of a great set of mentors like other
programs, you’re also connected to a very large seed stage investor in Innovation Works, which could potentially invest, and more importantly, continue to drive potential investors your way.

Is their anyway the TWiST community can help TheResumator?

DC – Spread the word about our service. If you have a startup and need to hire for just one job, it’s free to use! And if more and more people tweet about us, that will help us in the end. Heck, tell Jason we’ll put together a TWiST discount code if he can give it a brief mention or blog about it. Always selling!

An interesting point is even for sexy companies buzz is not always easy.  I am curious if anyone else has found a good technique that they’d be willing to share?  One common theme I have noticed that relates to Jason’s purple cow point, is to create a personal brand and when you have a product to launch you already have a springboard of folks to help you tweak and push the idea.

MusicTrainer Making Some Progress

March 10th, 2010

Brendan Miranda called in on TWiST #32 to pitch MusicTrainer a website that will teach you via video how to play different instruments.  While Brendan’s pitch wasn’t necessarily great, that can be improved, his idea Jason says is genius.  Jason and George gave great advice on how to improve and simplify his idea and even sketched up a wireframe. (recap)

I asked Brendan if he could update us on his progress and what he took away from his call in.

  • The experience with TWIST was a valuable introduction to the entrepreneur community. It has opened many doors and resources for me and the community has been supporting me with everything ranging from SEO tips, design feedback, to suggestions for my business model.
  • Being on the show has also been a great ice breaker in discussions with many people that had heard me call in.
  • Recently finished production on 20 DVD’s worth of Video Instruction.
  • The current MusicTrainer site has over 100,000 video views in the past 3 weeks.
  • Working on possible video production deals with international equipment manufacturers.
  • Site Design is almost complete just finishing up a few things. Website should soon be ready for launch. A preview can be seen here. http://bit.ly/9TLSbZ

I checked out his preview site and watched a couple videos, the production quality is very nice.  I even learned where to place my fingers in relation to the fret on an electric guitar.  Be sure to check out the instructor page I was very impressed, these guys are professional musicians who have worked with some amazing people.  I did ask if a “how to play x song” will be included and Brendan assures me it will.

I was thinking how might we help Brendan and I know the preview is incomplete but I think feedback of the current design would be beneficial.  What to you all think?  What do you like or dislike, anything you would change?

Saturday’s Guest: Tony Hsieh of Zappos

March 8th, 2010

Saturday’s guest will be Tony Hsieh, CEO of Zappos, General Manager of Venture Frogs, coming to you live from SXSW.  Many of you already know Zappos and the amazing customer service and culture that surrounds the company but what do you know about it’s CEO?  I thought I’d focus on somethings you might not know:

  • He attended Harvard, class of 1995
  • He Co-Founded LinkExchange and sold the company to Microsoft in 1998 for $265M
  • He is a Co-Founder of Venture Frogs an incubator / investment company
  • Did you know Tony isn’t a founder of Zappos?  He was and investor and advisor in the beginning but quickly joined the Zappos team in 2000 and yes he recently sold Zappos to Amazon in a deal valued at over $1.2 billion on the day of closing.
  • He has a book coming out soon, Delivering Happiness, release date June 7, 2010.

Some of the highlights of Delivering Happiness include:

  • Pay new employees $2000 to quit.
  • Make customer service the responsibility of the entire company, not just a department.
  • Focus on company culture as the #1 priority.
  • Apply research from the science of happiness to running a business.
  • Help employees grow both personally and professionally.
  • Seek to change the world.
  • Oh, and make money too.

Here is a few of Kevin Rose’s favorites quotes:

“It may seem sometimes like we don’t know what we’re doing. And it’s true: we don’t. That’s a bit scary, but you can take comfort in knowing that nobody else knows how to do what we’re doing either… so there are no experts in what we’re doing. Except for us: we are becoming experts as we do this.”


“The role of a manager is to remove obstacles and enable his/her direct reports to succeed. This means the best leaders are servant-leaders. They serve those they lead.”

Special thanks to Bing and Sonos and our regular sponsors DNAMail, Ustream, WebSpy and PowerVPS for bringing TWiST to SXSW.  We will have more exciting sponsors announced soon.

Details: Saturday the 13th at 2pm (Pacific), 5pm (Eastern), 10pm (London), March 14th 9am (Sydney) at the Six Lounge (117 West 4th Street Austin, TX 78701)  if you plan on attending live the first 200 in the door get two drink tickets.

http://www.flickr.com/photos/charliellewellin/ / CC BY-SA 2.0

Message To President Obama

March 6th, 2010

Jason expresses his disappointment in President Obama’s priorities in placing health care over job creation and entrepreneurship.  He goes on to challenge President Obama to be bold and great and not to try please everyone.

TWiST #44 with Howard Morgan

March 5th, 2010
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Jason’s guest this week was Howard Morgan, Co-Founder of First Round Capital and a  30 year veteran of the technology industry.  Highlights of the show this week include: biggest passes that did great, incubator programs and what they offer and who are the greatest tech. entrepreneurs of the 80s, 90s, 00s.

Announcements: next week’s show will be live from SXSW with Tony Hsieh of Zappos on Saturday the 13th at 2pm (Pacific), 5pm (Eastern), 10pm (London), March 14th 9am (Sydney)

Ask Jason

00:11 Pablo Fernandez of Hear a Blog calls in to ask, when pitching to investors do I pitch the necessary intermediate stage of the idea or the big vision idea?

00:27 Stephen Young calls in to ask, what salary range should founders be in when taking an angel investment and follows up with how do you raise your salary once you have investment?

00:35 Shark Tank

Andrew Watson calls in to pitch Othernum a virtual phone system for small businesses.

Interview with Howard Morgan

00:47 Topics:
Biggest company Howard passed on that was great
Investing in competitive companies
Location based companies
Franklin Electronic Publishers business cycle
Mint.com and how being a part of their founders network help them scale their infastructure
How First Capital supports their companies
Idealabs, why it’s successful
Greatest Entrepreneurs of the 80’s, 90’s, 00’s

01:38 News with Lon Harris

Call of Duty Lawsuit

Bing Ad on Framville

01:48:28: Microsoft gains 400,000 users by advertising on farmville.
lon’s Question: is this a way to get users or just click
Jason: Good Idea, social games are massive

01:51:28 Social game advertising is going to be a massive advertising portal, mini cooper being launched through the movie italian job.

01:51:55 Tyler gets scolded

01:52:33 Companies advertising to free samples in magazine.

01:54:00 A large percent of facebook revenue coming from social games, zynga worth more then facebook?

Microsoft’s Project Pink Phones

01:54:35 Microsoft’s Pink Phone
lon’s question: What’s the strategy for Microsoft for releasing these phones?

01:56:00 Jason: Microsoft has a legacy and needs to start from scratch and create a long lasting mobile os.

01:58:00 xbox gets complemented

Sony’s PSP Phone

01:59:21 sony to launch a playstation themed phone, maybe a competitor to ipad.
Question: will this hit a mass audience and what will they need to hit a mass audience.

02:00:00 Sony should use the google OS
02:01:00 Sony has lost it’s relevance

iPad Release Date

02:02:50 Ipad will release late april
Question: are you planning to buy an ipad?

02:03:40 Jason: yes – the ipad without the 3g may not sell as well. Maybe ipad is too expensive for a recession.
02:05:40 ipad needs a USB
02:05:50 Howard Morgan: Overpriced Kindle

02:08:00 Steve Job too controlling

02:08:15 What will happen to apple after steve jobs?
02:09:00 Howard Morgan talks about meeting steve in person.

Fiverr

02:10:51 fiverr job board for jobs worth $5


TWiST is brought to you by our generous sponsors:

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TWiST, SXSW, Tony Hsieh, 2 Drink Tickets, Does It Get Any Better?

March 3rd, 2010

Six Lounge: 117 West 4th Street Austin, TX 78701