Congrats to TA McCann on the launch of Gist

Gist

I'm very excited about the launch of Gist here in Seattle.  I have known CEO TA McCann for many years dating back to some time spent working together at MessageGate.  I have also been providing some advice and feedback as the company has gotten closer to formally launching so I am biased in my enthusiasm for what they are doing.  The company has gotten some great initial local buzz:

Xconomy Seattle:  Getting the Gist of Gist, from Entrepreneur T.A. McCann
Northwest Innovation:  Interview with T.A. McCann, Gist
John Cook Venture Blog (formerly of the Seattle PI)

I have seen the side of trying to track, monitor, and control email during time spent at MessageGate and Orchestria from a security and compliance perspective and at the core of it all were people just trying to do their jobs.  Gist is about the individual and helping them combine email and web-based content to be better at doing their jobs.  It does this by combining the best of messaging, search, and personal feeds to help build relationships.  There are lots of companies focusing on rethinking the inbox like Xobni and I have stated previously that this is valuable but doesn't address the entire problem.

I encourage you to register for the private beta and take it for a spin.  I know they are working to process all the requests they have received as well as to improve the product based on the feedback they are getting.  I'll post some additional thoughts as I use it more on a daily basis.

An early example of how I used it was when a friend's company acquired a company and I was alerted to it not by a keyword alert email or actually receiving the press release but by that bit of news being brought to my attention because we trade emails (that's how I knew Jim).  Pretty cool, huh?

Embrace the backlist

I read this post from Seth Godin last week and it has continued to be on the mind since.  It is framed around how frequently you should publish be it personal (ie blog) or professional (ie company news/updates).  The notion of a "frontlist" and a "backlist" relates to the type of content that is created and where that content resides.

Seth's definitions:

"Frontlist means the new releases, the hits, the stuff that fanboys are looking for or paying attention to."

"Backlist doesn't show up in the news, but Google is 95% backlist. So is Amazon."

If you embrace the Long Tail concept, this will make sense.  If not, then here is my attempt at simplification.  The frontlist is what, traditionally, the target of PR efforts has been focused on – the front page of the WSJ, a CNN interview, etc.  The backlist is the rest of the discussion generally fed and guided by the frontlist but is a place where the conversation takes place about you – self-generated or otherwise.

Fear

is upon us.  Asian market are down big as of right now and tomorrow should be another crazy day here in the US.  Everybody calm down as this is all part of the ride and the time to remind yourself that you are (hopefully) a long-term investor.

Where did my capitalism go?

Bear Stearns "soft landing" at JP Morgan Chase with US Gov backing

US Gov bailout of Fannie & Freddie

An active US Gov hand in Merrill Lynch joining Bank of America (led by a Southerner no less!)

And now a mondo $85 billion US Gov loan to AIG for an 80% stake (via warrants)

Lehman Brothers got nada because they apparently hadn't done enough damage and now Barclay's is picking up a few select pieces.

Man, I sure am glad we have free markets here.  Oh wait…

Which leads me to the conclusion that yes, things are/were that bad.

Wall Street refugees wanted

Thought this was cool and falls into the 'make lemonade out of lemons' category (via Redeye VC): 

www.leavewallstreetjoinastartup.com

Some of the best technical folks I have ever had the privilege of selling to and working with work at these firms and they are, to make an understatement, in turmoil. 

If any of you guys or gals are interested in ditching Manhattan for Seattle, let me know and I'll help you make some connections.  We could use the addition to the brainpower out here. 

Listening to the market

I know I have touched on this before in previous posts but it is on my mind a bit so thought I would share.  Building and launching a new product or service is an exhilarating task – I have come to realize I really like figuring it all out.  I also learned a long time ago that building what you think the market wants is perilous without embracing those you will target as buyers early and often.  Opinions are like, well, you know. 

This task is even more complicated when you are building for a new or emerging market or even trying to stimulate growth through a new product or service offering.  What is best for you and your company does not always align with market realities.

I have learned to take a methodical and measured approach to all this using live fire exercises and true market feedback to guide product direction vs. arbitrary gut feelings or suspect 3rd party "research."  Don't get me wrong, these things provide good input and can paint a good macro trend picture but they are not a replacement for legitimate target end-user feedback.  This approach requires patience and maturity in your organization but the costs of being wrong far outweigh the perceived costs of this approach especially if you can quickly and efficiently create and test assumptions – a critical piece of the equation in an early stage company.  If both what market and product capabilities are in flux, this becomes even more complex as you have just doubled the fun.

Tossing the responsibility for the product roadmap and plan over the functional wall to "marketing" really misses the point because in an early stage company this is the roll up of everyone's collective expertise as well as true customer requirements.  Marketing owns the document but the leadership owns the content.

Sales and business development should get an earful every time they pitch or demo.  If they are not, you have bigger problems.  Also, the coolest things to build are not always the most important to your chosen market.  Remember this as engineers lose interest when building mundane but critical capabilities.

You will know when you hit on something because the market begins to give you an earful about all the things you need in addition to what you are showing them.  This is a sign that you are on the cusp of product/market fit and the ride gets even more exciting from here.

Proof that a fast follower strategy can work

An enterprise Twitter takes top honors at Techcrunch 50.  Go figure.  Not the first time that a new idea has been taken, improved upon, and launched.  Does this ensure wild success for Yammer?  Nope.  It is a decent bit of coverage but not the keys to the kingdom as big launch events like this generally only benefit those hosting them. 

The true test is when someone actually pays for what you are selling.

What this does mean is that micro-blogging (140 characters at at time) seems to be a for real opportunity and there could be a legitimate business reason for it at some point.

Venom

I read a lot of blogs ranging from those like mine where a writer needs a platform to share to those that are "pillars" of the business, technology, or entrepreneurial world.  This group includes all types including those insulated by either new found wealth or self-reinforcing geographic bias.  I try to seek out as many points of view as I can find to really understand the things important to me and that has led me to read and follow all sorts of folks. 
 
I have to say that I have been increasingly disturbed by the venom that I see oozing forth in so many posts about the current slate of presidential/vice presidential contenders from both sides.  To be clear, I have done my best to keep politics out of my posts as that is not my purpose here but I do believe this topic is worth discussion.

If you want my opinion on issues or want to know who I am supporting, send me an email and I'll fill you in. 

Look, I completely understand that this topic would dominate the chatter as we are 60-ish days from election day and the noise is bound to increase in the days ahead.  The great thing about democracy is that we all get an opinion and, odds are, we all think our opinion is correct.  Layer in aggressive and extroverted folks who love to blog, comment, and otherwise be heard and I think you have a unique view into the machinery of democracy. 

All I am asking for is the same level of care and critical thinking that would be applied to the launch of the next wizbang technology product in posts on the candidates and their positions.  Those that have a voice (and a following) owe it to their readers to refrain from silly name calling, blind regurgitation of either party's talking points, or, worse yet, intellectually corrupt broad-based generalizations.

I remain optimistic that informed debate and discussion are still possible even in our increasingly media-driven polarized country and believe the reality that anybody can project their voice on-line strengthens our democracy and country.