In case you’ve missed the new (well, 1.5 months old) 2017 KPCB Internet Trends report, here it is. As always, it’s a fascinating 355-slide deck of charts and graphs that cover everything from advertising to macroeconomics.
Here are some less than obvious insights I noted. What did you find interesting?
- Ads vary significantly in how much they annoy customers: mobile pop-ups are the worst
- Social Media
- Unexpected popularity of weird YouTube channels, e.g. people who record themselves unboxing stuff
- Delivery / On-Demand Economy
- Trending up across the board: from Amazon to Doordash
- Amazon eating the world with Amazon Basics brand
- Gaming and VR
- Gamer’s average age: 35
- More weird entertainment: the # of people watching other people play games keeps growing
- Games have higher engagement in minutes/day than Facebook (per active user)
- VR and gamification of the real world: Stanford Football, Peloton and all kinds of mobile apps
- Virtual world simulations: Improbable
- eSports growth
- Continued growth of the subscription model and personalization: Spotify and Netflix dominate
- Enterprise Software
- Interfaces become more humane as reflected in growing designer/developer ratios
- On-demand bike sharing
- AliPay + WeChat
- Macro Trends
- US Deficit
- 60% of most valued companies started by 1st or 2nd generation immigrants
- 50% of most valued companies started by 1st generation immigrants
I had a chance to work for companies with very different corporate cultures. In my experience culture does not just happen. Instead, it should be deliberately designed and reinforced. So I found this Harvard Business Review article relevant and insightful:
Think carefully about each of these four elements:
- Incentives are a basic element of doing good work. People should be paid fairly and competitively for their roles, and increases in compensation should be a predictable process. In addition to pay, the culture should work to reward results generated versus hours worked. Employees shouldn’t feel anxious about how visible they are in the office or on projects, and strict timekeeping can create a sense of mistrust between teams and management. Lastly, and this is something we care about a lot, good failure should not result in career suicide.
- Context and rules will determine what rituals and processes allow people to do great work. If initiative is punished instead of rewarded, people will feel less compelled to push new ideas internally. The ability to make quick judgment calls and move decisions forward will outpace any lengthy or cumbersome internal approvals process. The same goes for autonomy and flexibility—do you trust your teams to lead while you get out of the way? Are teams allowed to participate in flexible work options that encourage their productivity? Your teams need the right tools and resources to do their job—are they spending more time fighting for what they need? If access to those resources is limited, individuals will be less inclined to take part in initiatives with so many blockers in front of them.
- People are the core of a great organization and the processes and systems you use to hire, promote, and reward them can be both enablers and blockers. Bob Sutton’s famous “no asshole rule” is an important factor when hiring people for your company, especially if they’re “star performers”. Sutton believes that star performers who are demeaning can wreak havoc on organizations. You just can’t compromise your business on people like that.
- Leadership has to play a role in the culture if the whole organization is to transform. And leading by example is a pivotal component of management enablers (and blockers: leadership can lead by poor example as well, of course). If leadership exhibits the behaviors expected of teams and individuals, then people in the organization will follow suit.
One of the “hottest” FinTech startups Wealthfront also offers a career advice. Some time ago they have published a “Silicon Valley Career Guide” and recently blogged about “107 Career Launching Companies“. Both worth a read if it is of interest to you. Posting both here for your convenience.
You might remember my recent post about “Moonwalking with Einstein” book about memory and mnemonics.
What you probably did not know though is that one of the characters, winner of multiple memory championships, Ed Cooke, launched his own web startup Memrise.com
I first read about it in The Guardian article “How I learned a language in 22 hours” by the book author, Joshua Foer. Although, the title is somewhat misleading, the approach is very interesting. So, what is so special about Memrise? They have an interesting learning model. Primarily, the focus is on languages, but there is a whole range of secondary courses, ranging from “How to say I love you in 100 languages” to HTML5.
The first principle: spaced repetition. The words you are asked to remember are spaced in time in a precise manner with intervals calculated based on your past performance. By the way, the same principle is employed by simple app Anki which I once briefly mentioned in my post about GMAT.
The second principle: mnemonic. You are usually shown a picture or an idea that helps you remember a given word using associations. These so-called mems are added by members of community in the best crowd-sourcing traditions. The most voted-up are displayed.
And of course, they also use gamification, who does not?
Overall, it appears to be an interesting tool. However, it remains to be seen whether it is really a good idea to invest one’s time in it without a firm intention to actually learn a language. But learning to read a Chinese menu sounds like a fun thing to try anyway, all serious goals aside.
By the way, Memrise is also discussed on Quora which I recently wrote about.