“The Tuesday morning keynote lasted three and a half hours — a duration normally reserved for North Korean dictators. The first half of the show had nothing to do with Salesforce.com, or even software. It was about Benioff, and what an amazing, generous, heroic, world-changing figure he is. Try to imagine a six-foot-five-inch, three-hundred-pound, very white version of Gandhi, and you’ve got an idea of how Burgundy/Benioff sees himself. The show opened with Huey Lewis and the News, rocking out at nine in the morning, because why not? Then came Benioff and his tribute to himself. Benioff wore a blue suit and a pair of ridiculous multi-toned shoes made for him by Christian Louboutin.”—Marc Benioff Is the Ron Burgundy of Tech
“Do not let the VC merchants and their stooges tell you what success looks like. Do not accept that this path has to go through their 10:1, or 100:1, lottery funnel. You do not have to pick up their shovel and dig gold only where they have marked the X.”—DHH (via brycedotvc)
“You can’t eat ‘reach’ and we can’t pay salaries with ‘brand awareness’. I don’t pretend to know other people’s business models or strategies. But successful business practices are always about having a close understanding of the costs of what you produce and the origins and mechanics of your revenues and more than anything else the interaction between the two.”—Are Operations Like Flipboard Scams Against Publishers?
“When you go to JustFab.com, there’s no hint about how the site really hauls in its money. It just looks like any other shoe store—think Zappos, with a drunk 10th grader sloshing some pink paint around. Beneath the mall-chic facade is the “JustFab VIP Membership Program,” a near-compulsory subscription shoppers are pushed into joining upon checkout.”—The Biggest Scam in Online Fashion
“A U.S. District ruled today that the owners of 650 Fifth Avenue, a 36-story building near the Rockefeller Center in Midtown Manhattan, used the property to launder money for the government of Iran. The ruling authorizes the federal government to seize the tower and donate the seizure’s profits to the families of Americans harmed by terrorist attacks aided by Iran…The government is likely to make a tidy sum: one real estate expert told the Daily News that 650 Fifth Avenue “could fetch up to $2,000 a foot,” for a sale of $760,000,000.”—Feds Grab Entire NYC Office Tower in Biggest Terror Asset Seizure Ever
“What I love about these truck ads is that they’re basically catering to a demographic that no longer exists: white people with industrial jobs. We don’t have any jobs like that here anymore. The past 60 election cycles have been centered on that fact. You may as well try to sell trucks to the fucking Tooth Fairy. God forbid Chevy ever overtly advertise to Jorge, the El Paso subcontractor who has actual use for a pickup truck. No no, they wouldn’t want to enrage the hard-workin’ ‘MERICA poseurs who drive their pickup truck to and from their jobs bussing tables at Denny’s.”—Is The NFL Blacklisting Kerry Rhodes?
“Velti reports “gross” revenues. But lower down in its income statement it reports that much of that sum goes on third-party media costs. Pass-through billings, in other words. In the most recent quarter, Velti reported $31 million in “revenues”. But after third-party costs are taken out, Velti keeps only $8.7 million in net revenues. Its sales and marketing expenses alone are $11 million. $9 million in sales per quarter makes Velti a rather modest business — much too modest to support 900 employees.”—How Velti, One Of The Largest Mobile Ad Companies On The Planet, Lost $130 Million
“If you would be so kind, forget about the time a weaponized James Harrison gored Colt McCoy into oblivion. Please forget that McCoy was writhing on the ground and grabbing his head on national television. Please forget that McCoy went back in the game a few plays later. And, holy hell, please forget that the next day he couldn’t remember the end of the game. Above all, your honor, please forget that Harrison had military-grade Kevlar in his helmet.”—The Helmet Con: How To Make A Buck Off The Concussion Crisis
“I finally stumbled upon the cure when I interviewed at a small startup that had a different approach. I met the leads for lunch, then followed up with a social chat with the whole team. We talked tech, but they didn’t try and vet my skills. Instead, they offered me a paid contract to do some work that they actually needed done. They gave just enough direction to get me started and then left me to my own devices to see if I could get it done well, on time, and with good communication. It took me about 10 hours of time in the evenings to complete. Three days later, I had a job offer!”—I will not do your tech interview. — Lessons Learned — Medium We have been hiring this way very successfully for the past couple of years.
“In 2010, had you suggested to the smartest Silicon Valley entrepreneurs and investors that LinkedIn would have a larger market value in 2013 than Groupon, Zynga or Twitter, you would have been laughed at. Had you hypothesized that LinkedIn would be worth more than Groupon, Zynga and Twitter combined and worth nearly one-third the value of Facebook, no one would have believed you. LinkedIn just wasn’t as exciting as the internet darlings of the day, and, as a result, there were many LinkedIn doubters at that time, myself included.”—How LinkedIn Became A Wall Street Juggernaut | TechCrunch
I didn’t know what to do. I had never touched a basketball, didn’t know what a layup was. I made the team run the whole first day and then I went and studied the game.”
He discovered basketball was a math problem. “I’m a math guy, a big data guy. I converted the game with a math equation and came up with a way to win every single game,” he says.
Since his girls didn’t have the skills to compete by traditional methods, his formula was to have them grab possession of the ball as much as possible. They played “full-court press” and blocked passes, double-teamed the best players and blocked inbound balls. They won all their games and went to the championship.
“In its Q2 earnings today, Zynga made a very important strategic announcement, saying that it would not pursue real-money gaming in the U.S. While investors had been counting on the potentially lucrative online business to be a potential growth area for the troubled social gaming company, management said it has decided to focus on fixing its core business instead.”—Zynga Decides to Abandon Real-Money Gaming Efforts in the U.S. - AllThingsD
“Perhaps a far bigger threat to the [Sports] agent industry than hiring Jay-Z is hiring no one at all. Ravens safety Matt Elam, the last pick in the first round, negotiated his own contract…By doing his own contract, Elam saved $202,800 in agent fees. If Traveris Frederick (picked before Elam) paid the maximum of 3% [to his agent], then Elam actually got a better deal. (Of course, Frederick won’t pay state income taxes, because he’ll be playing in Texas.)”—Elam does good deal without agent | ProFootballTalk
“What I will always remember,” Rosman wrote in 2008, “is as I was leaving that party … I was approached by another guest, an established author. He asked about the man I had been talking to. Sheepishly he told me he didn’t know that Obama was a guest at the party, and had asked him to fetch him a drink. In less than six years, Obama has gone from being mistaken for a waiter among the New York media elite, to the president. What a country.”—The Time Obama Was Mistaken for a Waiter at a Tina Brown Book Party - The Atlantic
“Ron Paul wrote this scathing assessment and prediction about the newly created DHS eleven years ago. He was outraged by the $3 billion price tag. The DHS 2014 budget is $60 billion.”—Was Ron Paul Right? | Zero Hedge
“Increasingly frustrated by his dealings with President Hamid Karzai, President Obama is giving serious consideration to speeding up the withdrawal of United States forces from Afghanistan and to a “zero option” that would leave no American troops there after next year, according to officials.”—Frustrated Obama Considers Full Troop Withdrawal From Afghanistan
“The work of implementing a feature initially is often a tiny fraction of the work to support that feature over the lifetime of a product, and yes, we can “just” code any logic someone dreams up. What might take two weeks right now adds a marginal cost to every engineering project we’ll take on in this product in the future. In fact, I’d argue that the initial time spent implementing a feature is one of the least interesting data points to consider when weighing the cost and benefit of a feature.”—The One Cost Engineers & Product Managers Don’t Consider
“Zoho funds our extensive R&D investment out of profits, while ExactTarget has lost money for years and Salesforce is not exactly a profit-machine either – they spend over 65% of their revenue on sales, marketing and administration and only 12% on R&D. I don’t know a more unbalanced structure in all of technology. Most acquisitions fail, but in this case, maybe the two companies do have a deep cultural fit, because they both know how to spend loads and loads of money to “acquire” customers while never turning a profit.”—They Acquire, Acquire, Acquire While We Build, Build, Build | Zoho Blogs
“The Obama administration issued the same platitude it has offered every time President Obama has been caught overreaching in the use of his powers: Terrorists are a real menace and you should just trust us to deal with them because we have internal mechanisms (that we are not going to tell you about) to make sure we do not violate your rights. Those reassurances have never been persuasive — whether on secret warrants to scoop up a news agency’s phone records or secret orders to kill an American suspected of terrorism — especially coming from a president who once promised transparency and accountability.”—President Obama’s Dragnet - NYTimes.com