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In our recent posts about Structured Data , we've emphasized that most of the current initiatives have been around uploading new data to the Web - whatever the format. The U.S. and U.K. governments have led the way with their 'open data' websites, but much of that data isn't 'linked' yet . In other words, it's online - but siloed. So how do we get to the next stage of the Semantic Web, linking disparate data sets together so that people can begin to use that data? The tipping point for the long-awaited Semantic Web may be when you can query a set of data about someone not too famous, and get a long list of structured results in return. I've decided to term this 'The Modigliani Test.' Sponsor Amedeo Modigliani is one of my favorite artists. He was moderately famous during the early 20th century and has something of a cult following nowadays. But he's not Da Vinci or Picasso famous. What I'd like to do in a Semantic Web is type the following query into a search engine and get back a large list of results: tell me the locations of all the original paintings of Modigliani. As of today, there's no place to type that query in and get a list of structured data . The closest I can find to doing that is the Artcyclopedia entry for Modigliani, which has a list of locations for Modigliani artworks. It's great that they have the location data listed on one web page. However it's not structured data, so we can't query it. There's also not much order to the data, we have no idea if this is a comprehensive list, it's not verified data, and so on. In summary, there's a lot of data on the Web about the location of original art works - but much of it is in traditional 'document' web pages. What we're after is a giant database of art works, which anybody can query and re-use. Here's an early, overly geeky view at what a Linked Data of painting locations would look like (hat-tip @dakoller ): The above is a far from comprehensive list of art works by Hieronymus Bosch (a search for Modigliani, by the way, brought up zero results). Plus of course we need a much more intuitive UI, so that non-geeks can use it too. What do you think, when will The Modigliani Test be passed on the Web? Discuss
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The Modigliani Test: The Semantic Web's Tipping Point
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Email may be old fashioned, but it's still where we spend a lot of our time online. Today Google announced that it's webmail service Gmail is becoming all the richer with the inclusion of support for sending Google Calendar invitations inside the email composition window. In addition to being able to insert invitations, you can also cross reference your calendar availability with the availability of anyone included in your email thread that you have permission to see the Google Calendar for. It's not a perfect system, but it's pretty neat and it demonstrates the potential for building cool new features on top of our email inboxes. Sponsor Mashups and platforms are all about cross referencing multiple sources of data or functionality, as in this case: email plus calendar. We wrote earlier this Spring about a startup called Rapportive that cross references email and social media data about an email's sender (see also competitor Etacts ) and earlier this month we discussed the incredible potential in Google's announcement of a way to give developers secure access to the contents of your emails for analysis and the creation of innovative services. Yahoo has been calling this kind of approach Inbox 2.0 and has been working on it for more than two years. Here's what we wrote in November, 2007 coverage of Yahoo's vision - how do you think it's worked out? ( Yahoo Says the Future Will Be Modeled on Facebook ) The social network of the future will be populated by the RSS feeds of the activities of your friends and your friends will be determined by email. The big players won't put a major push into building a new social network. "It is much easier to extend an existing habit than to create a brand," are the words Google's Joe Krause. Your email account isn't valuable because it's got the email adresses of other people who could be solicited commercially - it's valuable because it articulates who in the world is able to command your attention. It contains analyzable, direct communication between you and the people most important to you. [Yahoo's] Garlinghouse says that in the future email and IM will be prioritized depending on the importance to you of the people who send it to you. We're not talking about the number of times people email you - we're talking about the percentage of times you open those emails, the keywords used in them relative to your personal/work profile, there are metrics so crazy we can hardly imagine that are available for determining the importance of people in your life. In your email. Facebook's people-search uses some similar math already. Various Ways Email Gets Innovated On Clearly there are all kinds of different levels of sophistication that can come with these sorts of developments. In fact, two plus years after Yahoo's call to action, things still seem relatively elementary. Rapportive displays data uniquely well but Etacts displays more data. This new Google Calendar integration with Gmail offers some visibility into your and your contacts' availability, but it doesn't tell you what you've got scheduled at a given time. Etacts offers inferior invitation sending but has a whole set of reminder and follow up features that Gmail doesn't offer natively. And Yahoo Mail more closely ties in Facebook than any other email, something millions of people are sure to enjoy. So while all the kids rant and rave about Twitter, Facebook, Augmented Reality, iPads and location based social networking, don't let them deny: email can still be very exciting. Discuss
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Your Inbox as Platform: Google Calendar More Closely Integrated With Gmail
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The gaming industry continues to see phenomenal growth - from console systems to social games. The 12 million subscribers of Blizzard's World of Warcraft - once the giant of gaming - now seems small compared to the 80 million Farmville players. Farmville's maker, Zynga was recently estimated to be worth $5 billion - a valuation that appears to bode well for investors and for startups. But are games good buys? Can gaming startups attract the investment they need? Sponsor Gaming industry consultant Nicholas Lovell recently wrote a post on the blog Gamasutra where he suggested "Four Reasons Why VCs Won't Fund Game Companies." Lovell's arguments are as follows 1. VCs don't invest in projects Lovell contends that game developers are good at creating (and even at pitching) projects, but that VCs don't necessarily care what makes a good project - in other words, what makes a good game. "Investors care about businesses; developers show them projects." 2. Investors want to see a running business, not an idea 3. VCs want sustainable businesses Lowell writes, "Traditional games developers are really difficult for any investor to fund. They look like quite late-stage businesses: they may have hundreds of staff, millions in turnover and a proven track record. But fundamentally, they are always just one deal away from bankruptcy. They look like startups from a risk perspective but are like late stage investments from a reward perspective." 4. History sucks The history of the gaming industry is full of failed businesses, and as such VCs find the investment there to be risky. Arguably, investors' opinions might be changing, particularly given the rapidly increasing popularity of social games. While traditional console games and MMORPGs require significant investment and substantial development time before a game is "live," social games are, arguably, "lighter." With the growth in virtual goods and virtual currency, even "free" social games, as Farmville and the like have demonstrated, can become vastly popular and very profitable. Discuss
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Do VCs Like Games? Gaming Startups and Investors
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Last week brought two major announcements from Twitter. On Thursday, the company announced an official application for BlackBerry. On Friday, Twitter announced that it had purchased Atebits, the makers of the iPhone app Tweetie . Over the weekend, there was substantial discussion and a fair amount of hand-wringing by third-party developers, many expressing their frustrations about the company's direction. Attempting to reassure developers in advance of next week's Chirp conference, Twitter API lead Ryan Sarver responded by email to some of these concerns. Sponsor Certainly Twitter isn't the only company at the center of debates about control of a platform (Apple, Google, and Microsoft come to mind), but in light of the flurry of responses to Twitter's moves, it is worth considering some of the (perhaps contradictory) lessons for startups that can be gleaned from the past week's events. Find your niche : Much of the third-party development on Twitter has served to address gaps in the original product: mobile clients, URL shorteners, photo sharing, and search for example. As VC and Twitter investor Fred Wilson argued in a blog post early last week that tipped the hand, perhaps, to where Twitter was headed, there is still room for the development of "killer apps" in social gaming, enterprise, and analytics. Innovate and adapt : Find your niche, but then be prepared to innovate and adapt. Some have suggested that Twitter's acquisition of Tweetie might not bode well for other Twitter clients like Seesmic and Tweetdeck , unless the two can continue to innovate. By adding new features unavailable via the Twitter website, and by linking streams from Facebook and LinkedIn, they have established themselves as more than just a Twitter client - but the pressure is certainly on for these to continue to distinguish themselves from the official Twitter applications. "Of course we're hole fillers," Seesmic founder Loic Le Meur admits , explaining that while that's a good place to start, it isn't the right place to end. Look beyond the platform : As Mark Suster writes of both Twitter and the iPhone, it is important to think beyond the platform, contending that startups should not think of Twitter "as a business but rather as a channel." In other words, a platform like Twitter should be a used as a way to reach customers but, unless you're Twitter, should not be the vehicle itself. If this is the " inflection point " for Twitter, the tasks for startups will be to learn the lessons from this critical juncture in the platform's history, balancing the sometimes contradictory needs for specificity and flexibility and innovation and stability. Discuss
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What Can Startups Learn from Last Week's Twitter Announcements?
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As part of my ongoing Online Strategy Roundtables , this morning I worked with three new entrepreneurs, each at a different stage of validating who their customers are and building their businesses accordingly. Two have e-commerce businesses, which I love. In fact, my Forbes column tomorrow will discuss the shift from brick and mortar shops to e-commerce and how such businesses are so well poised for Web 3.0. Main Street America is changing as small business owners move online and get rid of the expensive real estate costs. Sponsor Sramana Mitra is a technology entrepreneur and strategy consultant in Silicon Valley. She has founded three companies and writes a business blog, Sramana Mitra on Strategy . She has a masters degree in electrical engineering and computer science from the Massachusetts Institute of Technology. Her three books, Entrepreneur Journeys , Bootstrapping, Weapon Of Mass Reconstruction , and Positioning: How To Test, Validate, and Bring Your Idea To Market are all available from Amazon. Her new book Vision India 2020 was recently released. Mitra is also a columnist for Forbes and runs the 1M/1M initiative. Up first was Ellen Sinreich and her company Green Edge Workshops . Ellen is a consultant with expertise in sustainability and real estate. Based on her practice, she has designed some workshops that enable employees to develop strategies that will drive down a company's carbon footprint. She is looking to reach mid market companies in her geographic region (New York), but to date has no customers. Clearly this is a business that has yet to be validated. I believe Ellen is trying to reach too broad a market based on her experience. I recommended she narrows her value proposition to align better with her expertise by targeting companies that deal with facilities and building issues. She asked for advice on finding clients and unfortunately there is no obvious way to find clients when you are a consultant. What worked for me early on was using my personal network for referrals and I suggest she does the same to connect with her target market. Later on, while discussing the Entrepreneur Journeys methodology, I also suggested that folks should read the Finisar case study in Entrepreneur Journeys Volume One to get a good feel for what it takes to get a business off the ground through consulting, and then build a product company through that process by getting close to customers, while generating cashflow all along. Finisar, for those of you who don't know, went public in 2001 at a $5 billion market cap, and was largely a bootstrapped case study. Danny Wong presented Blank-Label , an e-commerce site that allows men to co-create and custom design dress shirts at affordable prices. This site was launched five months ago and has seen a steady increase in sales but has not yet hit its stride. While Danny is well-versed in SEO traffic optimization, he needs to narrow his market to target the exact psychographic interested in being this involved in buying shirts- in other words, style conscious men. I recommend he target his PPC campaigns to the more fashionable zip codes across the country and to go slowly. I believe focusing all their efforts on the correct psychographic will make all the difference. This is a business for a small niche market, but definitely worth building. Catherine Wood Hill gave a heart-felt presentation of La Grande Dame , an e-boutique for plus-sized women that she started with her mom. Having launched a year ago, and with thousands of customers already, this business has been well validated. Their target is women between the ages of 30 and 55 who are looking for high-end designer clothes in sizes 14 and up. I like it when a business is so tightly focused. This allows you to do so many things inexpensively through the Web. We discussed ways to fine tune customer acquisition so the business can scale faster. She said their PPC advertising has never yielded a good return on investment, so I suggested that she targets the most affluent zip codes in the country. I also suggest she continues to do more PR and all the SEO marketing, blogging, Tweeting, etc., that she is already doing to reach more customers. I believe this has the potential to become a very large business. I did research on this segment myself when I ran Uuma, my personalized fashion company for busy, professional women which Ralph Lauren was interested in acquiring in 1999. The roundtables are the cornerstone programming of a global initiative that I have started called One Million by One Million ( 1M/1M ). Its mission is to help a million entrepreneurs globally to reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs. In 1M/1M, I teach the EJ Methodology which is based on my Entrepreneur Journeys research, and emphasize bootstrapping, idea validation, and crisp positioning as some of the core principles of building strong fundamentals in early stage ventures. You can find the recording of this roundtable session here . Recordings of previous roundtables are all available here . You can register for the next roundtable here . Photo by Svilen Milev . Discuss
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Startup Strategy Roundtable: Web 3.0 and E-commerce
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