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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
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
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
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.
02:10:51 fiverr job board for jobs worth $5
TWiST is brought to you by our generous sponsors:
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Tags: Howard Morgan
Really a great improvement in download speed, very fast for me in Europe…good job!
There’s something wrong with the video, Jason mentioned Eagle, the CEO who killed himself and within a minute the video collapsed.
It jumped back to the beginning. I can restart the video but not where it stopped working.
Do you remember the time stamp on the video when it jumped back?
I keep having the same problem, it keeps cutting out at different points – the problem is with the video player, instead of trying and reconnoitering with the video file after a lost connection it just times out and stops buffering. Can you upload it the video to youtube? (or vimeo)
About the founder compensation, it is basically what the founder would do in an average 9 to 5 gig on an annualy basis? i.e. 50k for an entry level engineering job for a first time founder at angel level.
I ask because I was considering the equivalent of minimum wage.
SHOW NOTES!!
SHOW NOTES!!
SHOW NOTES!!
Can someone start at 00:00 and make show notes… go as far as you want and save your comment every 20 minutes or so. Scott will then put YOUR SHOW NOTES in the blog post above!
so something like this:
00:00 Open Credits
00:01 Jason welcomes folks to the show, asks Tyler if he is ok since he is skyping into the show.
00:05 SXSW TWiST show is announced by Jason. Special thanks to Bing and Sonos for sponsoring the show.
you get the idea…. take notes for everyone else!!!
Darn, Jason I saw your comment after I was almost done watching the video: I wrote the notes from that point on, someone needs to fill in the begining half:
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?
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
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
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.
02:10:51 fiverr job board for jobs worth $5
02:11:45 lon’s Question: Is this a good idea?
02:12:00 Jason: It’s very fun, and it internet rewards that.
02:14:00 Conclusion.
If no one writes out the rest, I will finish it after my midterm this week.
I kinda hate the ‘video clips with music’ like ’sharktank’ and the intro. They are much louder than Jason is… add absolutely no value. Seem just a bit tacky.
Love the show but hate the bouncing levels.
Audio levels are up and down across all the segments and between shows there’s a huge difference. Listening to two in a row sometimes requires ripping headphones off to avoid ear damage!
I’m not an expert but don’t you just need to use compressors and watch the in and out levels to get the peaks right?
It would be the best next thing to add to the great show IMHO
Howard mentioned a startup incubator called something like “Dream it”, anybody got it? What was he talking about?