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You gave you away October 21, 2009

Posted by David Gillespie in business strategy.
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A few days ago I posted a presentation on where I think this space is headed. On slide 191 (yes 191) I mention something called The Three Musketeers rule, All For One or One For All. The former is siloed value creation, the latter creates value for an ecosystem.

I realised in the shower last night (keep it clean people) I had actually been thinking about this since November when I drew the below image:

I believe the Internet is, on a DNA-level, structured to create value for an ecosystem, and I believe this is why we’re seeing traditional business having a hard time playing in the new landscape, with models being destroyed and a new kind of value creation making waves.

This is also why I’m still on the fence about Facebook over the long term. Nobody can deny their growth or do anything other than applaud getting to profitability. But I feel on an instinctive level the model is All For One, it’s old media dressed up in shiny new threads, it’s a system that creates value for Facebook alone, and it’s questionable if any value is created outside of its walls.

In the presentation I included a slide of companies who are operating with a One For All approach:

Looking for a model?

Looking for a model?

If over time it transitions into One For All it will be interesting to watch. As it stands now, I can’t help but feel it is organised against the natural order of the Internet, which is open and connected. We’re seeing what happens when you do that across all kinds of industries, and it being an Internet darling does not exclude it from the same principles.

Even Rome fell people.

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I’ve got big ideas, I’m out of control (Commented on “A VC”) September 9, 2009

Posted by David Gillespie in conversation, philosophy, work/life.
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Fred Wilson has an interesting short piece up this morning on failure. After reading it, I left the following comment:

I was doing a review of a (young but brilliant) guy on my team recently, and as we were discussing the feedback he said to me “You know, the thing I worry about more than anything is making mistakes.”

I looked at him blankly and said “That is like fretting that the sun might come up tomorrow. Guess what? It’s going to happen! Don’t worry about making mistakes, worry about things you can actually have a positive impact on. If you spend your time worrying about the possibility of mistakes you’re not going to get anything done.”

Now, being Australian (living in Canada atm), there’s a fair amount of a “no worries” attitude that is ingrained in us, but Fred I think you hit on something really crucial about the States – the fact that success is rewarded and if you fail you are encouraged to give it another go; as fortunate as I feel to be from Australia we don’t have the latter as part of our psyche. I’ve benefited from tremendously from growing up in Hong Kong among other places, and I think a willingness to get it wrong is one of the best things any society can have in its DNA.

It’s probably also the reason I’m a long way from home right now 🙂

Originally posted as a comment
by davidgillespie
on A VC using DISQUS.

Now, I adore Australia and it will always be home. We do have an odd relationship with success and failure though, born no doubt from a myriad of cultural sources others I’m sure have written long and eloquently about, and which I don’t want to get into right now. Instead I’ll just say, as I did the other day when someone asked me what this blog was about, I said “big ideas”.

“Are they the right ideas?”

I laughed and said “That my friend, was never the point.”

So, here’s to the big ideas today. Wherever they lead us.

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