Comments on: The Paintbrush and the Canvas – The Story of the Next Gen of .com http://www.timchae.com/2010/07/thepaintbrush/ Thoughts of a Typical (Mis)Stereotypical Tech Startup Founder Sat, 28 Jan 2012 13:25:35 +0000 hourly 1 http://wordpress.org/?v=3.3 By: A Babson 2013 entrepreneur http://www.timchae.com/2010/07/thepaintbrush/#comment-2 A Babson 2013 entrepreneur Mon, 19 Jul 2010 18:33:16 +0000 http://www.timchae.com/?p=17#comment-2 Don't find this comment creepy in anyway its just I try and keep tabs on Babson entrepreneurs that I believe might have potential in the future. I am a babson student and am hoping to make it big as well. I can completely understand your regrets, but I feel you are overlooking important aspects. In terms of the popular social networking and micro-bloging websites u speak of, there are many ways to monetize facebook and this is the reason they have been able to muster up record investment. Facebook is still trying to spread internationally, with the majority user base flourishing mostly in America. Facebook is being smart because they know they have enough investment to hold them over, so why rock the boat just yet. Building a user base is like building a brand name... and facebook knows that when the time is right they will make their move to smoothly implement revenue models that will bring in profits far beyond their petty add revenue (allowing them to break a little more than even). Everything you do,say, and look at on facbook they monitor and aggregate into statistics and leads. They could monetize their website through dating, job finding,fund raising, etc. Its all about timing. if they rock the boat now they could easily lose their user base to the many tech jockeys that have created the many other social networking websites out there. And for why they have mustered up so investments, its not necessarily about the returns but having a hand in on the territory. Googles prime reason for purchasing equity of many new internet startups like you tube, is to position themselves and oversee more territory. Google's record revenues not only hold them a float but allows it to fund many other companies that are far from reaching a successful revenue model. The internet is a just a digital recreation of our world and internet brand names and popularity are just as important as any car brand, expensive wine, clothing designer, etc... In terms of your regret to be a computer science major, trust me many programmers out there did not learn to code in school. Mark zuck was programming since he was in middle school. I know a handful of programmers who learned on their own out of curiosity. Once you go beyond superficial programming, like dreamweaver edits, and altering code snippets, you will begin to understand that creating algorithms takes a certain type of person. Just like being an artist, architect,or chef. It just turns out that those who can program now are lucky because their skill fits in with time. Soon enough the market will be so saturated with programmers that the demand of innovative ideas will increase, and those who can see the bigger picture will prosper. Examples like steve jobs, warren buffet, Richard branson and the original walton brothers. If you wanna learn how to code, pick up a book and study. If sitting in a chair all day writing algorithms isn't your thing, than do what you do best and come up with innovative ideas that you can implement. Because by the time you learn php or asp to a level where u can create unique applications, a whole new industry filled with opportunity will have opened up. Although I do still believe there is a lot of opportunity left in both web 2.0 and now web 3.0 mobile development. As for Babson, I know the entrepreneurial resources and spirit is not as high as you expected, but if you search hard enough you can find the right people and the right resources. Trust me Babson is a good school, its just too early to see it. Anyway good luck with nusage, and make sure you don't put all your eggs in one basket. Btw its interesting how all ur blogs are marked posted on july 17. Best, a babson 2013 entrepreneur Don’t find this comment creepy in anyway its just I try and keep tabs on Babson entrepreneurs that I believe might have potential in the future. I am a babson student and am hoping to make it big as well. I can completely understand your regrets, but I feel you are overlooking important aspects. In terms of the popular social networking and micro-bloging websites u speak of, there are many ways to monetize facebook and this is the reason they have been able to muster up record investment. Facebook is still trying to spread internationally, with the majority user base flourishing mostly in America. Facebook is being smart because they know they have enough investment to hold them over, so why rock the boat just yet. Building a user base is like building a brand name… and facebook knows that when the time is right they will make their move to smoothly implement revenue models that will bring in profits far beyond their petty add revenue (allowing them to break a little more than even). Everything you do,say, and look at on facbook they monitor and aggregate into statistics and leads. They could monetize their website through dating, job finding,fund raising, etc. Its all about timing. if they rock the boat now they could easily lose their user base to the many tech jockeys that have created the many other social networking websites out there. And for why they have mustered up so investments, its not necessarily about the returns but having a hand in on the territory. Googles prime reason for purchasing equity of many new internet startups like you tube, is to position themselves and oversee more territory. Google’s record revenues not only hold them a float but allows it to fund many other companies that are far from reaching a successful revenue model. The internet is a just a digital recreation of our world and internet brand names and popularity are just as important as any car brand, expensive wine, clothing designer, etc…

In terms of your regret to be a computer science major, trust me many programmers out there did not learn to code in school. Mark zuck was programming since he was in middle school. I know a handful of programmers who learned on their own out of curiosity. Once you go beyond superficial programming, like dreamweaver edits, and altering code snippets, you will begin to understand that creating algorithms takes a certain type of person. Just like being an artist, architect,or chef. It just turns out that those who can program now are lucky because their skill fits in with time. Soon enough the market will be so saturated with programmers that the demand of innovative ideas will increase, and those who can see the bigger picture will prosper. Examples like steve jobs, warren buffet, Richard branson and the original walton brothers. If you wanna learn how to code, pick up a book and study. If sitting in a chair all day writing algorithms isn’t your thing, than do what you do best and come up with innovative ideas that you can implement. Because by the time you learn php or asp to a level where u can create unique applications, a whole new industry filled with opportunity will have opened up. Although I do still believe there is a lot of opportunity left in both web 2.0 and now web 3.0 mobile development.

As for Babson, I know the entrepreneurial resources and spirit is not as high as you expected, but if you search hard enough you can find the right people and the right resources. Trust me Babson is a good school, its just too early to see it.

Anyway good luck with nusage, and make sure you don’t put all your eggs in one basket. Btw its interesting how all ur blogs are marked posted on july 17.

Best, a babson 2013 entrepreneur

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