@SxSWi 2011: Reid Hoffman and Data as Web 3.0 (by sdickert)
Web 3.0 is Networks, Data & Graphs
First half of this video offers a great take on using data to provide navigation. Reid’s take is that Web 3.0 will consist of maps created by aggregating data from all the rapidly growing sources.
Product designers of the future will have some characteristics of a data scientist.
The second includes bite-size rules for startups:
Rule 1: Be Disruptive
Is this massively different?
A way to define if a technology is disruptive: replace $10 of revenue with $1.
Rule 2: Aim Big
Is this going to affect an entire industry?
It takes same amount of blood, sweet & tears to create a small company to flip as to achieve a big idea.
Rule 3: Build a Network
Networks provide us sensors and actions to change the world.
Rule 4: Plan for Good & Bad Luck
Good luck can come out of your idea - people might love it, just for a different purpose than that which you intended.
Bad luck happens, create contingency plans. Plan B for LinkedIn was their address book to make invites easy, when invites didn’t work alone.
Rule 5: Flexible Persistance
Know when to persist and when to pivot.
Rule 6: Launch Embarrassed
Launch early enough that you are embarrassed by your first product. Unless you’re Steve Jobs, you’re most likely partially wrong about your assumptions. Better to learn that earlier.
Rule 7: Have Vision, but don’t Drink the Coolaid
Need aspiration to change the world, but be paranoid about whether it will work. Leverage your network for critical advice.
Rule 8: Distribution > Product
Having a great idea for product distribution is better than just a great product. Build distribution into the product DNA.
Rule 9: Culture from Day 1
It’s as important, if not more important, to have fast learners as to have a team with decades of experience.
Rule 10: Break these Rules
These are not laws of nature. They can be broken.