Goal: to better zuck and lacy. "I think we've already accomplished that."
by bryanhurren at 3/17/2009 7:05:26 PM
Guy: What would you do if you were twitter? Chris: 2 questions dread: twitter and NYT. RE: twitter: 2 years ago, monetary vs non-monetary. Exits = raising more money, exit, adsense.
by bryanhurren at 3/17/2009 7:07:13 PM
Now: actually make money. Shift from media model -> freemium. Who'll pay? Consumers or advertisers. See Jason Calcanis solution (pay for followers).
by bryanhurren at 3/17/2009 7:08:10 PM
Jason C - $250k to be top 10.
by bryanhurren at 3/17/2009 7:08:51 PM
Would consumers pay? Twitter has gone open route (allow others to build clients). Charge companies.
by bryanhurren at 3/17/2009 7:09:47 PM
What if move to model 500 tweeks/ mo, overage is paid. Cripple the base product, lose to facebook.
by bryanhurren at 3/17/2009 7:11:07 PM
Guy: Knowing what you know now, how would you reinvent wired? Chris: Some paper adds value to the internet: photography, long form journalism. (bh what does this have to do with rethinking wired?)
by bryanhurren at 3/17/2009 7:14:03 PM
Hypothetical scenario where a book could be free. Digital forms, marginal cost is $0 - print should be paid for or directly subsidized by sponsor. Why free? Maximizes reach, barriers to adoption = 0. Convert 5% free online to physical is the biz model.
by bryanhurren at 3/17/2009 7:16:11 PM
Anderson: reserved the audio book rights for himself.
by bryanhurren at 3/17/2009 7:17:17 PM
Guy: achieving popularity or monetizing popularity is harder? Chris: monetizing. Everyone thinks of it from the platform perspective. Each of us, as individuals, are the platfrom.
by bryanhurren at 3/17/2009 7:18:29 PM
Key problem in free in publishing: writer will get speaking engagements, but publishers don't get paid for that.
by bryanhurren at 3/17/2009 7:19:40 PM
Analogy to music: expand beyond publishing. (bh livenation model?). = 360 for books?
by bryanhurren at 3/17/2009 7:21:14 PM
Guy: if you follow me, I'll give you a pdf for free. Chris: then i'm looked into twitter. Email? Guy: if I do it, it's good marketing, if someone else, spam.
by bryanhurren at 3/17/2009 7:22:58 PM
James Hego - at Apple, negotiated with the music labels for $0.99.
by bryanhurren at 3/17/2009 7:24:12 PM
Guy: alternative models? Chris: Started as an economic project -> semantic. The word "free" for 21st century, different than 20th.
by bryanhurren at 3/17/2009 7:26:09 PM
21st century free - products have real costs, need a subsidy. Marginal costs online are zero and half according to moores law. Take the quotes off "free".
by bryanhurren at 3/17/2009 7:27:19 PM
Best example - MMO's (Neopets, webkins). Experimentation with every way to charge. The 5% number seems to be ideal conversation rate.
by bryanhurren at 3/17/2009 7:29:24 PM
many ways to differentiate audience groups: 5 seats, time, feature limited, storage/ bandwidth limited, class of customer (eg msft bizspark)
by bryanhurren at 3/17/2009 7:30:30 PM
China is the future (and brazil) of free. Francois Bertrand - "price will fall to marginal cost".
by bryanhurren at 3/17/2009 7:32:37 PM
Use piracy to create celebrity, turn celebrity into cash.
by bryanhurren at 3/17/2009 7:34:39 PM
Starbucks as a hypothetical - make coffee free, up sell to pastries. Wall drug did this with ice water.
by bryanhurren at 3/17/2009 7:36:11 PM
Why is free so much more powerful than $0.25? (guy's example of a hospital charging homeless people for beds). Kopelman? "the penny gap".
by bryanhurren at 3/17/2009 7:40:30 PM
If there's a price "flag", we're forced to make the cost-benefit analysis.
by bryanhurren at 3/17/2009 7:40:55 PM
Guy: In the digital world, is there a scenario where cheap is not good? Chris: can't think of one?
by bryanhurren at 3/17/2009 7:45:16 PM
Guy: adobe photoshop? Chris: desktop software is different. Think about office vs google desktop - you can make a utility decision.
by bryanhurren at 3/17/2009 7:46:51 PM
People think free means lower quality. People will "import" their expectations (eg photoshop vs online tools). bh Livemocha vs rosettastone.
by bryanhurren at 3/17/2009 7:50:59 PM
Econ crisis? Chris: wrote an article in WSJ. In NYC, the crumbling institutions are scary. In SF, less threatening.
by bryanhurren at 3/17/2009 7:54:59 PM
Chris is the "harry blodgett" of web 2.0? Chris: i don't prescribe, I just observe. Fundamentally, the book is just about business models.
by bryanhurren at 3/17/2009 7:57:13 PM
"information wants to be free, some information wants to be really expensive"
by bryanhurren at 3/17/2009 7:58:46 PM
China is the largest market for pirated luxury AND the largest market for actual luxury.
by bryanhurren at 3/17/2009 8:00:03 PM
Cultural impact of free. Chris: it's probably just a reference price from a desktop precedent.
by bryanhurren at 3/17/2009 8:02:03 PM
Haha - guy makes someone pay $20 to a charity to ask a question.
by bryanhurren at 3/17/2009 8:06:41 PM