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Golden Oldies: Entrepreneurs: Are Investors Watering Down Innovation?

Monday, August 19th, 2019

https://www.flickr.com/photos/hikingartist/5726811997/

Poking through 11+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

There’s not a lot on TV that I like, but I used to really enjoy Shark Tank. Past tense; haven’t watched in several years. Why? Two words: lifestyle products. With very few exceptions that’s what was being presented, whether an app, a product or a service. I understand that entrepreneurs create stuff that will get funded, and while I’m not saying they are bad investments or that the entrepreneurs don’t mean well, I am saying that I don’t care about them. They won’t change the world or even improve it. Uber and Lyft are good examples; they haven’t decreased traffic, as they claimed they would, in fact, they’ve increased it. Most in the “life style” category are focused on “personal care.” (Have you noticed that sometime in the recent past “personal growth” morphed into “personal care”?) More packaging in the landfills, more time on the screen, more focus on self — so not my mindset.

Read other Golden Oldies here.

Innovation isn’t nearly as mind-boggling today when compared to what startups were doing in the late Seventies/early Eighties when I started working with them.

That’s not surprising when you consider who gets funded these days.

A recent Reuters report found that the majority of Silicon Valley startup founders that receive Series A funding come from the same pedigreed cohort: either they previously worked at a large, well-known tech firm, a well-connected smaller tech company, they previously created a successful startup, or they come from one of three universities—Stanford, Harvard, or MIT.

Not surprising when you consider the attitude of Valley stalwarts like Paul Graham of Y Combinator, who publicly stated that he would be unlikely to fund someone with a strong accent or a woman.

It’s been 15 years since I first wrote about the proclivity of managers to hire people like themselves and more over the years showing it leads to homophily and the negative impact that has on a company.

It seems it’s no different for investors.

They are funding people like themselves who were raised, educated and worked along paths similar to their own who they either know or are introduced to them by a friend.

“Like a lot of the investments [Instacart] that have come our way, a friend of a friend talked to us about it, and told us about it, and encouraged the founder and the CEO to come and chat with us. One thing led to another.” –Sequoia partner Mike Moritz

When you fund from a homogenous group, no matter where they are, creativity and innovation are watered down, because those groups tend to be insular and badly interbred talking mostly to each other.

If you’re fishing from a pond of rich white guys, you’re mostly going to get ideas that address the needs of rich white guys.

AKA, people like themselves.

Image credit: Frits Ahlefeldt

Golden Oldies: Quotable Quotes: Advice To Live By

Monday, August 5th, 2019

Poking through 11+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

Sheesh. It seems as if most of the articles I link to and the resulting posts are all focused on fixing or avoiding negative stuff. So this week I wanted to focus on positives, whether quotes, like the ones below, or other positive news. Enjoy and, hopefully, smile.

Read other Golden Oldies here.

Together, these five disparate thoughts pack enough wisdom to live from youth to old age and never go wrong.

“Friendship is an undervalued resource. The consistent message of these studies is that friends make your life better.” –Karen A. Roberto, director of the center for gerontology at Virginia Tech (I wonder if all those friends at Facebook and Twitter count?)

“Never let your ego get so close to your positions that when your position goes, your ego goes with it.” –Admiral H. G. Rickover (I call it ego merge and it’s a definite no-no.)

“That’s what keeps life moving forward, focusing on what we can do, rather than getting caught up in what we can’t.” –Trisha Meili, The Central Park Jogger (Words of wisdom from a woman who knows.)

“Small Minds Talk About Others, Mediocre Minds Talk About Themselves, Great Minds Talk About Ideas.” –Eleanor Roosevelt (Which do you have?)

“The mind is its own place, and in itself can make a Heaven of Hell, a Hell of Heaven.” –John Milton, Paradise Lost (True when Milton wrote it and just as true now.)

Image credit: Joe Shlabotnik

Golden Oldies: Jack Welch Is Wrong! Balance Isn’t About Choosing This Over That

Monday, July 22nd, 2019

Poking through  13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

Welch is still alive and must love today’s optimized millennials, who were raised to constantly strive and never stop working. Burnout would be no problem, since he could simply fire them.

In spite of that I doubt he could manage them; neither they, nor their elders, would take kindly to his style.

In fact, Welch’s approach is actually the fastest way to produce a bumper crop of weeds.

Read other Golden Oldies here.

I’ve disagreed with Jack Welch many times going back to the start of this blog. In December 2006 I wrote Men Want A Life, Too in response to Welch’s comment.

“We do acknowledge that work-life balance is usually a much harder goal for women with children. For them, there is about a 15-year period in their careers in which the choices they make are not about what they want from life professionally and personally but about what is right for their kids. It can be a fraught time, since choices and consequences are more complex. That, however, is a topic for another column.”

It took two-and-a-half years, but he did return to that topic recently at the Society for Human Resource Management’s annual conference telling them that women need to choose between raising kids and running a company.

“There’s no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences.” (The article is from the Wall Street Journal and is the first link on this Google search page.)

Putting the comments together we have a high profile x-CEO who believes that the way to the top is for both men and women to make the tough choice and put their family second to their career.

Just let relatives, nannies (if you can afford them), daycare, schools, friends, gangs and the internet raise the next generation.

Why do comments like these come primarily from old, rich white guys?

What planet are they living on? More importantly have they bothered listening to today’s workers—and I don’t mean just Millennials.

As long as this is the MAP (mindset, attitude, philosophy™) that runs companies that attitude will translate to corporate action and companies will face problems staffing. The recession won’t go on forever and demographically there’s a serious people shortage at every level and in every field.

If you really want to attract the best and brightest men and women then you need to recognize that their priorities have changed and if forced to choose the company will, in most cases, come in second.

And those candidates who do choose company over life may lack the empathy needed to innovate and market, let alone lead, the current workforce.

There are plenty of companies that already know this and have adjusted their culture accordingly, but most will be dragged kicking and screaming into the reality once the economy turns around, demographics rears its ugly head and they have no choice.

Video credit: bonewend on YouTube

Golden Oldies: Ducks in a Row: Managing Weeds

Monday, July 15th, 2019

https://www.flickr.com/photos/barockschloss/4569881909/

Poking through  13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

I wrote this in 2012 and reposted it in 2015. The idea behind it is one the most important and viable concepts a manager (supervisor, team lead, executive) will (can, should) learn during their career. It is the difference between good and great.

Read other Golden Oldies here.

As companies grow and managers build their organizations they frequently talk about “weeding out” low performing employees—Jack Welch was a ninja weeder.

If that thought has crossed your mind you might take a moment to think about James Russell Lowell’s comment, “A weed is no more than a flower in disguise.”

As with weeds, there are better ways to look at under-performing employees.

Seeing a weed as food changes everything, just as seeing people’s potential does.

95% of the time it’s management failures that create weeds and those failures run the gamut from benign neglect to malicious abuse and everything in-between.

Weeds can come from outside your company, inter-departmental transfers and even from peers in your own backyard.

What is amazing is how quickly a weed will change with a little TLC.

“Weeds can grow quickly and flower early, producing vast numbers of genetically diverse seed.”

People grow quickly, too, and often produce innovative ideas just because someone listened instead of shutting them down.

And while trust that your attitude won’t change takes longer to build, the productivity benefits happen fairly rapidly.

So before you even think about weeding look in the mirror and be sure that the person looking back is a gardener and not a weed producer.

Flickr image credit: barockschloss

Golden Oldies: How Well Do You Hear Past What You See?

Monday, July 8th, 2019

Poking through  13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

We all have visual prejudices that have nothing to do with race, ethnicity, gender anything obvious. It’s important to know your own or you can’t hear past them. I worked hard to be aware of mine. I had no choice, because, back when I was a recruiter, I occasionally met my candidates. I vividly remember two of them, because if I had met them before I presented them and set up interviews I wouldn’t have, which would have cost me dearly, since both were hired (different companies). Why not? Because they both hit my visual prejudices.

Read other Golden Oldies here.

Discrimination comes in many forms.

All of them are grounded in stupidity, but it’s age and appearance that I want to focus on today.

Layoffs are always a time when age is in the limelight, but this time it’s working in reverse.

“The share of older Americans who have jobs has risen during the recession, while the share of younger Americans with jobs has plunged.”

It seems that at least parts of corporate America have learned to see past the obvious.

“…employees whom companies have invested in most and who have “demonstrated track records…tend to be more experienced and are often older.””

So some companies have discovered that years of experience have substantial value when it comes to the success of the company.

But what about appearance? How much is hearing influenced by how someone looks at first take?

What better venue in which to consider this than the original British version of American Idol where the contestants are mostly young, generally good-looking and always bust their tails to make an impression.

How well do you think a slightly frumpy-looking 47 year old woman would fare under the scathing tongue of Simon Fuller?

How much do you think talent would offset the obvious visual assumptions made by both the judges and the audience?

Watch the judges and audience reaction carefully before Susan Boyle performs and how quickly it changes when she starts singing (embedding is disabled on this video); check out some of the more than 50 thousand comments.

Think about what happens when a “Susan” comes to interview; how well do you hear past her (or his) appearance?

Then come back and share your thoughts with us.

PS For a fascinating look at Susan read this article in the NY Times.

Image credit: cwsillero on sxc.hu

Golden Oldies: Entrepreneurs: Tech vs. Responsibility And Accountability

Monday, June 17th, 2019

Poking through 13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

This post and the quote from the FTC dates back to 2015. Nothing on the government side has changed; the Feds are still investigating and Congress is still talking. And as we saw in last weeks posts the company executives are more arrogant and their actions are much worse. One can only hope that the US government will follow in the footsteps of European countries and rein them in.

Read other Golden Oldies here.

Entrepreneurs are notorious for ignoring security — black hat hackers are a myth — until something bad happens, which, sooner or later, always does.

They go their merry way, tying all manner of things to the internet, even contraceptives and cars, and inventing search engines like Shodan to find them, with nary a thought or worry about hacking.

Concerns are pooh-poohed by the digerati and those voicing them are considered Luddites, anti-progress or worse.

Now Edith Ramirez, chairwoman of the Federal Trade Commission, voiced those concerns at CES, the biggest Internet of Things showcase.

“Any device that is connected to the Internet is at risk of being hijacked,” said Ms. Ramirez, who added that the large number of Internet-connected devices would “increase the number of access points” for hackers.

Interesting when you think about the millions of baby monitors, fitness trackers, glucose monitors, thermostats and dozens of other common items available and the hundreds being dreamed up daily by both startups and enterprise.

She also confronted tech’s (led by Google and Facebook) self-serving attitude towards collecting and keeping huge amounts of personal data that was (supposedly) the basis of future innovation.

“I question the notion that we must put sensitive consumer data at risk on the off chance a company might someday discover a valuable use for the information.”

At least someone in a responsible position has finally voiced these concerns — but whether or not she can do anything against tech’s growing political clout/money/lobbying power remains to be seen.

Image credit: centralasian

Golden Oldies: You the Product

Monday, June 10th, 2019

https://www.flickr.com/photos/8693667@N05/4617735784/

Poking through 13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

For years I’ve written about the lie/cheat/steal attitude of social media sites, such as Facebook, Google, Amazon, the list goes on and on. This post is only a year old, but I thought it could use some updating. What I can tell you today is that nothing has improved, in fact it has gotten much worse — as you’ll see over the next two days.

Read other Golden Oldies here.

you ever been to a post-holiday potluck? As the name implies, it’s held within two days of any holiday that involves food, with a capital F, such as Thanksgiving, Christmas and, of course, Easter. Our group has only three rules, the food must be leftovers, conversation must be interesting and phones must be turned off. They are always great parties, with amazing food, and Monday’s was no exception.

The unexpected happened when a few of them came down on me for a recent post terming Mark Zukerberg a hypocrite. They said that it wasn’t Facebook’s or Google’s fault a few bad actors were abusing the sites and causing problems. They went on to say that the companies were doing their best and that I should cut them some slack.

Rather than arguing my personal opinions I said I would provide some third party info that I couldn’t quote off the top of my head and then whoever was interested could get together and argue the subject over a bottle or two of wine.

I did ask them to think about one item that stuck in my mind.

How quickly would they provide the location and routine of their kids to the world at large and the perverts who inhabit it? That’s exactly what GPS-tagged photos do.

I thought the info would be of interest to other readers, so I’m sharing it here.

Facebook actively facilitates scammers.

The Berlin conference was hosted by an online forum called Stack That Money, but a newcomer could be forgiven for wondering if it was somehow sponsored by Facebook Inc. Saleswomen from the company held court onstage, introducing speakers and moderating panel discussions. After the show, Facebook representatives flew to Ibiza on a plane rented by Stack That Money to party with some of the top affiliates.

Granted anonymity, affiliates were happy to detail their tricks. They told me that Facebook had revolutionized scamming. The company built tools with its trove of user data (…) Affiliates hijacked them. Facebook’s targeting algorithm is so powerful, they said, they don’t need to identify suckers themselves—Facebook does it automatically. And they boasted that Russia’s dezinformatsiya agents were using tactics their community had pioneered.

Scraping Android.

Android owners were displeased to discover that Facebook had been scraping their text-message and phone-call metadata, in some cases for years, an operation hidden in the fine print of a user agreement clause until Ars Technica reported. Facebook was quick to defend the practice as entirely aboveboard—small comfort to those who are beginning to realize that, because Facebook is a free service, they and their data are by necessity the products.

I’m not just picking on Facebook, Amazon and Google are right there with it.

Digital eavesdropping

Amazon and Google, the leading sellers of such devices, say the assistants record and process audio only after users trigger them by pushing a button or uttering a phrase like “Hey, Alexa” or “O.K., Google.” But each company has filed patent applications, many of them still under consideration, that outline an array of possibilities for how devices like these could monitor more of what users say and do. That information could then be used to identify a person’s desires or interests, which could be mined for ads and product recommendations. (…) Facebook, in fact, had planned to unveil its new internet-connected home products at a developer conference in May, according to Bloomberg News, which reported that the company had scuttled that idea partly in response to the recent fallout.

Zukerberg’s ego knows no bounds.

Zuckerberg, positioning himself as the benevolent ruler of a state-like entity, counters that everything is going to be fine—because ultimately he controls Facebook.

There are dozens more, but you can use search as well as I.

What can you do?

Thank Firefox for a simple containerized solution to Facebook’s tracking (stalking) you while surfing.

Facebook is (supposedly) making it easier to manage your privacy settings.

There are additional things you can do.

How to delete Facebook, but save your content.

The bad news is that even if you are willing to spend the effort, you can’t really delete yourself from social media.

All this has caused a rupture in techdom.

I could go on almost forever, but if you’re interested you’ll have no trouble finding more.

Image credit: weisunc

Golden Oldies: The Fine Art of Graphic Verbal Communications

Monday, June 3rd, 2019

https://www.flickr.com/photos/sweet_child_of_mine/2080629685/

Poking through 13+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

A lot has changed in the 12 years since I wrote this, but the preference for pictures to words has grown exponentially. That said, used well the right words can still draw pictures in your mind.  

Read other Golden Oldies here.

The old adage, “one picture is worth a thousand words” is usually true, that’s why fundraisers use some kind of graphic to show how close they are to their goal. That concept gave rise to millions of .ppt files, entire industries dedicated to presenting information graphically, and billions of dollars spent annually to do it.

The best communicators use words to create pictures—images that are simple and graphic enough to create identical impressions in all the minds that hear/read them.

When I was recently asked for an example of this I offered my favorite, which is a version of an email that’s been making the rounds for at least a decade. I think you’ll agree that the mental image created would be universal—and very graphic.

Lipstick in School

According to a news report, a certain private school in Washington recently was faced with a unique problem.

A number of 12-year-old girls were beginning to use lipstick and would put it on in the bathroom. That was fine, but after they put on their lipstick they would press their lips to the mirror leaving dozens of little lip prints.

Every night, the maintenance man would remove them and the next day, the girls would put them back.

Finally, the principal decided that something had to be done. She called all the girls to the bathroom and met them there with the maintenance man. She explained that all these lip prints were causing a major problem for the custodian who had to clean the mirrors every night.

To demonstrate how difficult it had been to clean the mirrors, she asked the maintenance man to show the girls how much effort was required.

He took out a long-handled squeegee, dipped it in the toilet, and cleaned the mirror with it.

Since then, there have been no lip prints on the mirror.

This version ended with the comment, “Here lies the difference between teachers and educators.” I would add that here lies the difference between talkers and communicators.

Image credit: JJ & Special K

Golden Oldies: Ducks in a Row: Mea Culpa

Monday, May 20th, 2019

Poking through 12+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

Mea culpa has never been anyone’s favorite thing, but in the eight years since I wrote this post hearing it has become even more unlikely — unless, of course, the speaker has already been outed for whatever and mea culpa is their default fallback position/excuse.

Read other Golden Oldies here.

In the popular vernacular, the expression “mea culpa” is an admission of having made a mistake by one’s own fault (one that could have been avoided if the person had been more diligent).

Mea culpa are two of the most powerful words any manager can say—as long as they are authentic.

Creating a culture where mea culpa is not just tolerated, but applauded is the mark of the best ‘leadagers’ (Leader + Manager discussion).

The words offer no value if they are uttered insincerely or as a means to an end.

Publicly taking responsibility for an error, let alone a real screw-up, is the mark of a good leader, a great manager and a true mensch.

How often have you said ‘mea culpa’ and meant it?

Image credit: Markus Tacker

Golden Oldies: Ducks in a Row: Politically Correct is a False Positive

Monday, May 13th, 2019

Poking through 12+ years of posts I find information that’s as useful now as when it was written.

Golden Oldies is a collection of the most relevant and timeless posts during that time.

While politically correct has made a lot of noise since its rise in the media, it hasn’t made any real difference. Join me tomorrow for a look at the problem with many progressives and why it will undermine many of the changes they champion.

Read other Golden Oldies here.

I sent an article about the “frat house” (AKA, sexist) culture prevalent in ZocDoc’s sales department to “Kevin”, a good friend who works in sales.

While agreeing about problematic sales cultures, he had a different take on culture in general.

His viewpoint, from someone who has been there/done that, may not be socially acceptable and could probably get him in trouble if posted on social media, but I can share it here — anonymously

Whether you’re a nigger or a bitch, this is the shit you have to deal with. I prefer environments where it’s obvious what the culture is, like this, than politically correct cultures where bigotry is the norm, but you never know for sure why you didn’t get the bonus, promotion or accolade with superior performance. Screw political correctness!

I believe it’s important to know where you stand, because then you can make informed choices. Give me this culture anytime – when I enter, I will know what the rules are. If I stay, it’s to accomplish a particular personal goal. When I leave (if not immediately), I will know why I stayed, left, and what I gained. I’m richer, they are poorer.

There is no such thing as “politically correct”. The term itself is an oxymoron that implies consensus building, popular sentiment or sinister machinations. Politics is about popularity — we never let others know where we stand or what we stand for in order to win a popularity contest. It is giving in to the tyranny of the mob, not daring to have unpopular opinions or stances, because one will not be popular.

Being a black man, I prefer a racist that’s honest about who he is and what he is. I prefer working for such a person because I know what to expect. I presume it would be the same for you as a woman regarding sexists. These days no one is a racist, we just have “unconscious biases” that prevent us from taking unpopular positions and that ensure that the powerful can continue to exclude the less powerful.

Politically correct environments rob me of information, choice, and the ability to navigate astutely to attain my objectives.

I agree with Kevin, even in those instances where bias has its basis in neuroscience, it’s better to know.

Flickr image credit: Zaskoda:

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