Cabin fever or retail surge?

Here's another report from the Seattle microcosm of the economy.  We went over to University Village today for a few items and so that I could check out a new MacBook at the Apple store as I go through the process of picking out a new laptop.

The Apple store along with just about every other one was mobbed with people.  Parking is always an adventure there as you weave among buildings and pedestrian crosswalks, but today it was a serious challenge.

Saw lots of bags and the Apple store was packed full of people so not sure if folks were just ready to be out after a week of being snowed in or if the retail spending fire is still burning a bit in this corner of the country.

It was also very cool to run into a few people we knew.  One of the great things about Seattle is that it is not so big that you won't have a chance unplanned encounter with a friend when you are out and about.

Gist beta invites

Gist

I've got a stack of them so if you're interested in a Gist beta invite email me at robertcpease at gmail dot com or leave me a comment. 

I continue to help the Gist team out as they work through the private beta process and am very impressed with both the product and team. 

There is a new beta version released just before Santa arrived that includes full MS Outlook support, Twitter integration, and a whole host of other features that improve the information being served up about those you with whom you communicate.

Definitely check it out.

Ho Ho Ho

Merry Christmas everyone.  Wishing everyone Happy Holidays and time to focus on their families and loved ones.  Here's one of my favorite scenes from one of my favorite Christmas flicks– A Christmas Story.

More from Jim Rogers on financial markets

Strong words from Jim Rogers regarding the current financial situation, where things are headed, and where to be going forward.  I like him and take his point of view seriously although I balance it with a variety of others and suggest you do the same.

His main point?  "Own the things where the fundamentals have not been impaired" and he thinks those are commodities, the Japanese Yen, and the Swiss Franc.  Oh, and he warns of an inflation tsunami on the horizon due to the currency printing presses working overtime to inject liquidity globally.

A glimpse of the future of the Internet

Pew_InternetFutureIII

I always enjoy the research from the Pew Internet & American Life Project.  They are out with their latest survey about the trends that will shape the future – The Future of the Internet III.  It is lengthy (138 pages) but full of interesting things including pointing out a handful of trends/predictions as we march towards 2020.  Here's a few highlights:

  • The mobile device will be the primary connection tool to the Internet
  • How we interact with the internet will continue to evolve with broader acceptance and use of both voice & touch interfaces
  • Transparency of both people and organizations will increase as the amount of information and people able to access it increases
  • The lines between personal and work time and physical and virtual reality will continue to blur and the implications of constant connectivity and its impact on social relations will be "mixed"

Gary Snoman has been RIF’d

Sign of the times or fate that awaits all entrepreneurs turned venture capitalists turned masters of the universe?

Unfortunately, the folks at Blueprint Ventures decided to give Gary the boot and are not doing a Gary Snoman video this year.  This is actually too bad because this clever approach definitely got these guys some attention.

C’mon guys, where’s that Holiday spirit?

As a tribute to all that Gary has done for us over the last three years, here’s the one that got it all started in 2005 as well as 2006 when Gary becomes a VC:


Proof that hedge funds are (were) a sucker’s game

http://vimeo.com/moogaloop.swf?clip_id=2537254&server=vimeo.com&show_title=1&show_byline=1&show_portrait=0&color=&fullscreen=1

Nicely done video via the good folks at WallStreetFighter on the hedge fund game.  We will surely look back on this period and wince at the idiocy and greed.  Where was the oversight for "alternative investments" and those benefiting from the 2/20 model?
A look inside hedge funds from Marketplace on Vimeo.

A great evening at Market Street Cafe

We ventured out tonight to attend a sneak peak of sorts for a restaurant here in the neighborhood.  Market Street Cafe is relaunching with a new chef and new menu in January and they hosted an open house tonight.  Here's a description of the event from the local Kirkland Weblog whose author I was happy to finally meet in person tonight.

I'm excited about the opening and intrigued by chef Scott Shampine's background and menu.  From the tasting and hospitality tonight, I look forward to having him in the neighborhood and enjoying his creations.

The case for micro-blogging (or why you should care about Twitter)

I tried and failed three times before I began to understand the value of Twitter.  It is not solely to tell the world about the big chili dog you just ate or your mood although that certainly comes with it.  It is, with significant constraints in the form of 140 characters, a way to update various audiences about interesting things.

"Interesting things" are in the eye of the beholder but when I figured out I could use Twitter to provide not only a real-time update to this blog (see "Breaking" on the left panel) but use it to drive both blog and status updates to other applications (like Facebook) via either text message or web form that the light bulb began to go off. 

Also, Twitter's social features require minimal effort.  You can follow who you want, they can block you afterward but not deny you (there is an optional "accept" follow capability for those that want a bit of control) , you can see who others follow and they can see who you follow, you can direct message (an increasingly difficult message stream to manage) but can't forward, cc, or otherwise turn it into email.

Twitter gets grief from many directions about a business model and it is the right question to be asking.  The point to take away, however, is that roughly 3MM people have signed up for Twitter (via Wikipedia) with some subset actually being active users and building dependency on it.  It is a  way to directly engage with people all over the world in a forum different than a social site or as formal as email.  From a marketing point of view, it is an essential place to have a presence both to promote your news and products but to immediately respond to both negative and positive comments about your brand.  Both Dell and Comcast "get" this point and have a presence on Twitter with Dell claiming upwards of $1MM in revenue directly attributable to its Twitter presence and distribution of sales alerts.

It also forces a whole new level of focusing on saying things with brevity.  140 characters is not a lot of room to pontificate but the ability to embed hyperlinks via tinyurl.com provides even more flexibility.

How popular is Twitter?  Here's an article from the WSJ on it and here is one laying out enterprise use cases. Also, Guy Kawasaki weighs in on the marketing benefits of Twitter many of which I completely agree with.  Even members of the US Congress are using Twitter in an effort to drive transparency and direct communication.

No doubt, I am still learning and expanding my understanding.  I am tinkering with TwitterFox (a Firefox browser plug-in), Tweetdeck (a client application), and the various ways to search and tag Twitter content.  More to come…