Month: January 2011

Reactions to Living Social’s Amazon Deal

If anyone has a chance to compete against GroupOn effectively, it’s Living Social.  The company is built on the exact same concept, one huge deal per day per city.  Yesterday Living Social offered a $20 gift certificate to Amazon for $10.  As of this writing, they’ve sold 1.3 Million of…

Book Review: Solution Selling

At the suggestion of my company’s CEO @tonybishop I picked up one of the classics in enterprise IT, Solution Selling by Michael T. Bosworth.  It’s one of those books that you can read quickly because everything in it is pretty intuitive.  After all, we’ve all been told to use “consultative…

The To Do List of the Project Based Life

It’s either been a slow week for Pittsburgh Startups and Social Media or I’ve been too busy to track it, hard to tell from where I’m sitting.  So instead of either of those, I’m going to give you some friendly advice and solicit your feedback on it.  The topic, how…

Perfect Management Isn’t Possible Without Great Metrics

I am a bit of a statistics nerd.  It’s one of the reasons that I love Baseball so much.  From the time I was very little I would stare at the back of Baseball cards and try to determine whether a particular player’s batting average was trending up or down,…

Sauerkraut Sunday: Pierogis and Twitter Brought to you By PolishPierogi.com

I’ve been doing these Sauerkraut Sundays for well over a year now, and I don’t think I’ve ever had such a perfect chance to discuss Twitter, cabbage and Pittsburgh at the same time!  It’s come to my attention that PolishPierogi.com, a Pittsburgh owned and operated producer of the goodies we…

Looking at Brad Feld’s Advice Again

I wrote a post in October about a little speech Brad Feld gave about how to build an entrepreneurial community.  He went on to expand his thoughts in an article for the publication Private Equity Hub (and then reproduced it on his own blog).  In the expanded thoughts he breaks…

Why We Invested In Goupon

I slammed the $950M investment in Groupon hard earlier in the week and their reluctance to sell to Google last month as well.  So I think it’s only fair to highlight a couple reasonable points from the counter argument.  James Slavet and Reid Hoffman, two of the VCs that helped…

USAirways Demonstrates the Futility of Subsidizing Big Biz

If I’ve said it once on this blog, I’ve said it a hundred times.  It is dangerous to put public money  in  to the private system.  However, if you’re a government that insists on doing it, please use seed funding concepts like Innovation Works or Alphalab.  The worst thing you…

Secrecy as a Sign of Failure

Several VCs (Suster and Feld to name a couple) have taken it upon themselves to point out this week that they don’t sign NDAs.  They both took the perspective of, “Look, we’re in the business of talking about technology, we can’t just promise secrecy.”  Suster even went so far as…

Groupon’s 950 Million is 900 Million Too Many

Groupon announced yesterday that they have raised $950 Million.  Ya, that’s like a billion dollars.  Billion.  With a B.  Groupon is a great company built on a singularly great idea; they found one of the ways that small businesses to harness the power of the new Internet.  There name even…