“The basic idea is to make the electric network more like the Internet. The key is to decentralize: to turn a regional electric network into a network of smaller, neighborhood networks, that no single points of failure, so no one substation can take down half a million homes.”
Co-founder & CEO Kevin Systrom discusses Instagram’s meteoric rise via A Total Disruption.
the last pay phone.
all across downtown, all day and night, i saw people waiting around in line to use the pay phones on various street corners. i think somehow i’d trained my mind to ignore them, because before yesterday, i wouldn’t have been able to tell you where the last pay phone i saw was, let alone whether one worked. i seem to remember always keeping around a quarter in a bag or a jacket somewhere in case of an emergency where i found myself stranded and i had to call home. (it still takes 25¢ to make a call, right?*)
standing there on the corner last night, looking at this girl on the phone, blinded by the high beams of the truck behind us, i couldn’t help but smile. here are two technologies supposedly on their way out (landlines and fossil fuel), but when all the “new” stuff can’t support us, we’re back to square one. what will happen in a future where both are truly extinct, instead of just endangered?
* and, omg, remember the pay phones in ‘the matrix’?!
“Nine months after having a mobile ad businessthat generates $0 per year, Facebook now has a mobile ad business generating $1 billion per year.
AND: Facebook hasn’t even started putting ads in Instagram yet, which now has 100 million registered users, up from 27 million when it bought it in April.
It’s funny: Mobile was supposed to be Facebook’s weakness. It’s not.”
PwC recently reported that vc investments in the third quarter of ‘12 are down. The industry analysis data from the report tells what’s going on regarding dollars committed per deal.
The shift continues: deals = smaller, vc funds = smaller, vc size = getting smaller, ventures = require less to start…it all adds up. But the beat goes on…
Eric Lefkfofsky’s (Founder InnerWorkings, Echo, MediaBank, Groupon, LightBank) perspective on current state of mobile.