Archive for category Entrepreneurship
Want to really change the world? – Kiva.org
Posted by chrislammert in Business, Entrepreneurship, Inspiration on February 4th, 2010
There are so many ways to change the world by giving. You can give resources such as time, money, expertise, education, etc. However you give your resources, you are investing in someone’s future and bettering the lives of those you reach out to. Kiva.org, a website that I came across, allows you to directly invest in someone’s life and project that they use to help better their life and community. Kiva.org is a listing of entrepreneurs in low income/poverty stricken areas of the world that need a loan for a project that helps better their lives and the lives of those around them. You invest in their projects through micro loans starting at around $25.00. Most projects don’t exceed $1000.00.
Check out Kiva.org and find a project that interests you to invest in. When you give money to this cause you are helping to invest in a person and a community at the ground level and truly stimulating their economy. Here’s a clip to show Kiva.org in action:
Traditional Media Nostalgia – Why do we need to digitize media?
Posted by admin in Entrepreneurship, Film, Ideas, Media, Music, Uncategorized, Web on November 28th, 2009
I came across an interesting article this week about Facebook’s photo application and the server infrastructure that supports it. The numbers are staggering even when put in perspective that there are currently over 200 million active users:
- Facebook users have uploaded more than 15 billion photos to date, making it the biggest photo-sharing site on the web.
- For each uploaded photo, Facebook generates and stores four images of different sizes, which translates into a total of 60 billion images and 1.5 petabytes of storage.
- Facebook adds 220 million new photos per week or roughly to 25 terabytes of additional storage.
- At the peak there are 550,000 images served per second. (courtesy Gigaom)
With these kind of numbers, it becomes clear that technology will probably never hinder the amount of media that can be stored and served effectively. The real question becomes – Do we really need so much media?
In the old days (ten years ago), photographs were something that held more personal value. Many people remember taking time to plan a shot and say “1 2 3 cheese!” to coax the best picture out of that frame of film and then going to store to get the real film developed. If it’s a bad picture now days you push the button on the digital camera one more time and just decide not to post the bad ones on Facebook. Delete the picture? Why? You have storage space for hundreds more and they are now just memories for the vast digital archives. I’m not saying technology hasn’t made photography quality better, or more convenient, however the value of photographs and memories become more diluted as this technology progresses.
A discussion I had with uncle about the progression of media revealed similarities between our generations and media consumption. We both understand what it feels like and have a shared respect for holding a piece of media in our hands whether it be a DVD or a printed photograph. Yes it is easier for me to select from a vast library of movies to stream through my internet via Netflix than to go rent or buy a DVD. However there is still a nostalgic feeling and appreciation for a movie when you take the time to drive to a video store and search until to find the one that you will take home for movie night. From Redbox to Netflix, increased accessibility and distribution are going to drive prices down for consuming movies as well as drive down the intrinsic value of the movie. Your local Blockbuster is going out of business and learning hard lessons taken from the disintegrating music industry driven by record labels and physical media distribution.
Bottom Line: Traditional physical media doesn’t need to be something of nostalgia. A blend of physical and digital media can coexist as long as we use discretion in our production and consumption of media. Creating quality media will be the driving force for maintaining genuine value and keeping traditional methods of consuming media alive.
The Idea Filter – Does it Sell?
Posted by chrislammert in Business, Entrepreneurship, Ideas on June 8th, 2009
Having a new idea to improve a service or product or to create something is one of the greatest feelings an entrepreneur can have. Filtering these ideas to find the best ones takes some discipline and realistic perspective. I’ve tried different filtering techniques to help me decide between ideas that are just “cool” and ideas that have real potential to gather paying customers. The next step for me is to determine if the idea is actually doable with the resources that I have, both human and financial.
One idea filter that makes or breaks most ideas:
Does the idea add enough value to the customer for them to pay for it?
I find myself planning and sketching out certain ideas that seem interesting, innovative and doable however they just don’t have that one feature or core model that would get a customer to pay for the service. Without revenue being generated there’s no potential to develop a business around an idea. You have two main options when generating revenue:
1) Advertising Based - This is a proven model for sites that can scale and reach mass amounts of audiences. If you have a site that generates millions of views and keeps users coming back, you can develop a business around this type of revenue.
2) Paying for a Service – If you provide a unique feature or service, customers will pay for it. This is the common model for successful internet businesses. Using a “Freemium” model of generating revenue has its advantages and is typically used for sites with multiple levels of services.
Training your mind to think of ideas is nearly impossible, however you can train your mind to automatically filter out certain types of ideas. Try to develop a system for filtering your stream of ideas – from brainstorm to development – and eventually your brain will subconsciously apply this filter to your new ideas. Leave any feedback about how you come up with or filter your ideas!


