I have not failed. I've just found 10,000 ways that won't work.Thomas Edison
10,000 Ways
10,000 Ways It Won’t Work
I have not failed. I've just found 10,000 ways that won't work.Thomas Edison
New Venture to be Announced May 10
Urban Outfitters for Knoxville
I’m the current chairman of the board of a non-profit called the Central Business Improvement District (CBID) which is a special assessment district that has been helping to revitalize downtown Knoxville for the last 17 years. Yesterday, the board unanimously awarded a grant to developers in their quest to land Urban Outfitters as an anchor retail tenant. Here’s the full story in the local paper, and a clip from the local NBC affiliate.
WBIR TV Channel 10
I’m Now Writing for TheAppleBlog
Yours truly is one of the newest writers for TheAppleBlog, a GigaOm Network site that is among the most visited blogs dedicated to Apple and its products. Here’s my intro, and my first post. Most of the posts on jpatrickhunt.com that relate to Apple will direct you to TheAppleBlog, and you’ll likely see more of them.
Congrats to Mint.com, Now Fix It
I love Mint.com. I met Aaron Patzer at TechCrunch the year they won. I’m thrilled they got bought by Intuit in a huge exit.
But I hate that I had to delete an entire banking relationship for Mint to clear an account that I closed months ago. mint doesn’t allow me to close an account and it continued to show the balance of that account the day I closed it, seriously throwing off my cash balance and net worth calculations.
What Matters to Danny Boy
I’m a huge Washington Redskins fan, and that’s both hard to admit and live with. Many people have pegged Dan Snyder as the problem, and of course they are right. But I’m not sure everyone gets why. Most people think its because he’s not a football guy, that he has no idea how to run a football team. He meddles with player selection, overpays for star power while ignoring moderately priced contributors, and chases every hot name or aging coach with past success he can find. And he does so despite having a football GM in Vinny Cerrato, who either knows less or just won’t stand up to the Dan.
But here’s the thing. Based on his background, Dan Snyder wins when he makes money. Period. In all his prior businesses, there was no other metric that mattered. Profit is the only true goal for a typical CEO of his ilk. Today, of course, there are other metrics that matter, including social responsibility, a phrase which can cover a wide range of goals not directly focused on the bottom line, like the environment and employee welfare (though recent studies have actually shown these to be important contributors to profitability). But these things don’t matter to Dan. Profitability, and only profitability, matters to him.
Pro football serves three masters. One is winning, another community, the third profitability. The best owners in the league, such as the Pittsburgh Steelers’ Rooney family (and including Knoxville’s Jimmy Haslam) and the Kraft family in New England, understand that to win is to endear yourself to the community and to be profitable as a result of both. It is possible to lose and hold onto your community. The Boston Red Sox until recent years are proof. But if you continue to lose and at the same time make an obscene amount of money, you will lose the community. After 10 years of patience from fans who continue to buy tickets, concessions and merchandise, Snyder is on the precipice of losing his community, which will directly impact his profitability. And I say its about time.
Many observers call for new players, a new coach, and most accurately, a new GM. But the Washington Redskins will continue to lose, or see modest success at best, until he puts winning and community at equal par (or better) with profitability. If he can make this much money losing so many games and alienating so many fans (however short-term that income may be), imagine how much he could make if he won over the community by winning games.
Fantastic Tech Startup Presentation by Aaron Patzer, Mint.com
If you are an entrepreneur or want to be one, I highly recommend you watch this video. Terrific insight and real data from Aaron Patzer who founded Mint.com 3-4 years ago and recently sold it to Intuit for $170 million. I met Aaron at TechCrunch40 when they launched and won the grand prize, and he is as likable and humble as he comes across in this video. I’ve added this video to my personal collection of inspirational and informative videos that I keep on hand. I recommend you do as well.
Thoughts on the Apple Tablet
Like most observers, I think Apple is only a short time away from introducing a tablet computer. Imagine an iPod Touch with about a 10″ screen, and you’ve got what is likely to be a real winner in mindshare if not market and profit share. There’s been much speculation about this device, including when it will be announced. I think it will be in the January timeframe even though Apple has decided to forgo Macworld. The company now announces iPhone models in the summer and iPod models in the fall. I think new products will hit in January and new Macs in the spring, filling out a seasonal calendar of product introductions. But there are 2 things about the tablet that I don’t think I’ve read elsewhere and believe will help drive its success.
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