“In truth, publishing is flourishing, creating massive new fortunes for entrepreneurs and more choices for consumers.”
“a new breed of online publishers has been generating hundreds of million dollars of value in very short periods of time.”
Still, the future of publishing is bright. While every business needs to adopt a true culture of change, clearly there is no lack of potential. Once you accept the fact that business models don’t last, it becomes clear that there are, in fact, more opportunities to create and curate content, access top talent, attract investment, and make money than ever before.
I would have written a shorter letter, but I did not have the time.
Vacation Destinations Lure Tourists With Creative Social Campaigns Ad spend shifts to digital
via nytimesheadline article
In a climate of continuing high unemployment…people lare less microentrepreneurs than microearners. They often work seven-day weeks, trying to assemble a living wage from a series of one-off gigs. They have little recourse when the services for which they are on call change their business models or pay rates. To reduce the risks, many workers toggle among multiple services.
With piecemeal gigs easier to obtain than long-term employment, a new class of laborer, dependent on precarious work and wages, is emerging. In place of the “proletariat,” Guy Standing, a labor economist, calls them the “precariat.”
“They may be able to paint someone’s shed this week,” says Dr. Standing, a professor of developmental studies at the University of London. “But they don’t know what will happen next week.”
He views peer marketplaces as part of a larger global phenomenon, in which labor brokers encourage people to work on contingency without basic employment benefits or protections. The companies essentially channel one-off tasks to the fastest taker or lowest bidder, he says, pitting workers against one another in a kind of labor elimination match.
I am a huge fan of Automatic and I’m confident that this feature will be in all cars soon. I would love to see Apple buy this company to compliment it’s CarPlay efforts, but I wouldn’t be surprised if Google buys them first.
"The Crash Alert feature, which is currently in beta, is arriving on both iOS and Android for testing purposes. The idea is to offer the conveniences that an integrated system like OnStar would provide in terms of emergency assistance, but bundled into a mobile application instead. With Crash Alert enabled, Automatic will be able to detect if you’ve been in a serious crash and will notify the local authorities with your location even if you can’t.
In addition, someone from Automatic will also reach out to your family and other loved ones on your behalf to let them know what has happened, and that emergency responders are on their way.”
The Sharing Economy. Now You Can Holiday in a Yurt.
Sharing economy is the real deal. Implementing the hyperconnected infrastructure. NYT article by @tomfriedman
But what happens to “ownership?”
“There used to be a romanticism about ownership, because it meant you were free, you were empowered,” Chesky answered. “I think now, for the younger generation, ownership is viewed as a burden. Young people will only want to own what they want responsibility for. And a lot of people my age don’t want responsibility for a car and a house and to have a lot of stuff everywhere. What I want to own is my reputation, because in this hyperconnected world, reputation will give you access to all kinds of things now. … Your reputation now is like having a giant key that will allow you to open more and more doors. [Young people] today don’t want to own those doors, but they will want the key that unlocks them” — in order to rent a spare room, teach a skill, drive people or be driven.
But what will this mean for traditional jobs?
Today, said Chesky, “you may have many jobs and many different kinds of income, and you will accumulate different reputations, based on peer reviews, across multiple platforms of people. … You may start by delivering food, but as an aspiring chef you may start cooking your own food and delivering that and eventually you do home-cooked meals and offer a dining experience in your own home.” Just as Airbnb was “able to find use for that space you never found use for, it will be the same for people. That skill, that hobby that you knew was there but never used it,” the sharing economy will be able to monetize it.
How fast that happens will depend, in part, on regulators and tax collectors in different cities — not all of whom like people turning their spare bedrooms into hotels or their kitchens into pop-up restaurants. The sharing economy can complement the existing one, and make the pie bigger. But the bigger the Ubers and Airbnbs get, the more incumbents will resist them. This will be a struggle between the 20th-century economy and the 21st’s.
The 20th-century economy was powered by big corporations that standardized everything because they never really knew their customers, argued Chesky. “The 21st-century economy will be powered by people” — where the buyers all have identities and the producers all have personal reputations — “so I will be able to sell something directly to you and delight you and surprise you, and the selection you’ll be able to choose from won’t be 4 but 4,000,000.”
Attractive product extension “Elevated Careers” by eHarmony. It will use the couple matching algorithms to help you find the right fit in your career. Now this is a relevant and capable product extension.
It’s a market that could use some fresh thinking. Wonder if this will disrupt things.