Random Thoughts 4/4/2010

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• The internet as we know it has still not totally evolved yet. Consumer web is 16 years old and will continue to destroy existing business models
• We are officially out of the industrial age, unfortunately the educational system in America is still set up to create employees for this system
• Although I think some of Obama’s ideas are good, I think he is trying to tackle too many things at once. Health Care reform is important but the trade deficit is a much more pressing problem.
• In business, good ideas are a dime a dozen, Execution is what will determine your success or failure
• Multi-level marketing is broken because the only differentiator you have to millions of other people selling the exact same product is you. This is why certain people will have success but majority will fail. The “X factor” is rare and the people who succeed in MLM would probably succeed in a regular business as well.
• Twitter will become a top 10 website within the next 24 months, eventually have one of the largest IPOs ever
• There will be another dotcom boom in 2-4 years, with massive IPOs that will make google’s look tame.
• Twitter has truly changed the power of the customer. Word of Mouth on steroids forces companies to bring their A game or face consequences
• Advertising will slowly begin to shift online in the next 2-4 years and the magazine / newspaper industry will continue to crumble
• ALL companies should be creating content
• Solid content is currently the strongest marketing strategy you can have.
• The Android mobile platform will eventually overtake the apple apps store install base, by following the Windows strategy by allowing many manufacturers to create products which use it as it’s OS
• The problem with android is the inconsistency in user experience. The accuracy of the touchscreens produced by different manufacturers vary greatly. This will more than likely be fixed by android 3.0
• Gowalla and Foursquare will be what everyone is talking about next year