Category: attention

Creating leverage at the data layer

There’s a reason that the world fully embraced HTTP but not Gopher or Telnet or even FTP. That’s because the power of the Internet is best expressed through the concept of a network, lots of interlinked pieces that make up something bigger rather than tunnels and holes that end in a destination.

The World Wide Web captured people’s imaginations, and then everything changed.

I was reminded of this while reading a recent interview with Tim Berners-Lee (via TechCrunch). He talked a bit about the power of linking data:

“Web 2.0 is a stovepipe system. It’s a set of stovepipes where each site has got its data and it’s not sharing it. What people are sometimes calling a Web 3.0 vision where you’ve got lots of different data out there on the Web and you’ve got lots of different applications, but they’re independent. A given application can use different data. An application can run on a desktop or in my browser, it’s my agent. It can access all the data, which I can use and everything’s much more seamless and much more powerful because you get this integration. The same application has access to data from all over the place…

Data is different from documents. When you write a document, if you write a blog, you write a poem, it is the power of the spoken word. And even if the website adds a lot of decoration, the really important thing is the spoken words. And it is one brain to another through these words.”

Data is what matters. It’s a point of interest in a larger context. It’s a vector and a launchpad to other paths. It’s the vehicle for leverage for a business on the Internet.

What’s the business strategy at the data layer?

I have mixed views on where the value is on social networks and the apps therein, but they are all showing where the opportunity is for services that have actually useful data. Social networks are a good user interface for distributed data, much like web browsers became a good interface for distributed documents.

But it’s not the data consumption experience that drives value, in my mind.

Value on the Internet is being created in the way data is shared and linked to more data. That value comes as a result of the simplicity and ease of access, in the completeness and timeliness, and by the readability of that data.

It’s not about posting data to a domain and figuring out how to get people there to consume it. It’s about being the best data source or the best data aggregator no matter how people make use of it in the end.

Where’s the money?

Like most Internet service models, there’s always the practice of giving away the good stuff for free and then upselling paid services or piggybacking revenue-generating services on the distribution of the free stuff. Chris Anderson’s Wired article on the future of business presents the case well:

“The most common of the economies built around free is the three-party system. Here a third party pays to participate in a market created by a free exchange between the first two parties…what the Web represents is the extension of the media business model to industries of all sorts. This is not simply the notion that advertising will pay for everything. There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, “value-added” subscriptions, and direct ecommerce. Now an entire ecosystem of Web companies is growing up around the same set of models.”

Yet these markets and technologies are still in very early stages. There’s lots of room for someone to create an open advertising marketplace for information, a marketplace where access to data can be obtained in exchange for ad inventory, for example.

Data providers and aggregators have a huge opportunity in this world if they can become authoritative or essential for some type of useful information. With that leverage they could have the social networks, behavioral data services and ad networks all competing to piggyback on their data out across the Internet to all the sites using or contributing to that data.

Regardless of the specific revenue method, the businesses that become a dependency in the Web of data of the future will also find untethered growth opportunities. The cost of that type of business is one of scale, a much more interesting place to be than one that must fight for attention.

I’ve never really liked the “walled garden” metaphor and its negative implications. I much prefer to think in terms of designing for growth.

Frank Lloyd Wright designed buildings that were engaged with the environments in which they lived. Similarly, the best services on the World Wide Web are those that contribute to the whole rather than compete with it, ones that leverage the strengths in the network rather than operate in isolation. Their existence makes the Web better as a whole.

Photo: happy via

The problem with being popular (part 2)

One of the more interesting sciences, in my mind, is how information relevance is both determined, surfaced and then evolved.

In Fred Wilson’s recent Cautionary Techmeme Tale he argues that making news popular takes away its social context and therefore becomes meaningless. He found Techmeme more useful when its sources more closely resembled his network of friends:

“For years, I’ve been using curators to filter my web experience…Techmeme has been the killer social media curator for my world of tech blogs. Lore has it that it was created using Scoble’s OPML file. It doesn’t matter to me if that’s true or not, I love that story. Because my OPML file was unusable until I found Techmeme and after that I stopped reading feeds and started reading curated feeds.”

This feeds into a larger argument about why pop culture and the art of being or becoming popular can be a bad thing. Not long ago I was inspired by the movie “Good Night and Good Luck” to dive into this idea myself:

“The real problem with popularity-driven models is that they reduce both the breadth and depth of the sources, topics and viewpoints being expressed across a community. Popularity-driven models water down the value in those hard-to-find nuggets. They normalize coverage and create new power structures that interesting things have to fight through.”

This is exactly why personalization, recommendations and social media technologies really matter. They can solve this problem of creating conformist media consumption practices by creating relevance through networks of people rather than through networks of commercial institutions.

I haven’t used My Yahoo! as much as I’d like, but there is a simple function in it that I love which could ultimately create amazing benefits for people who want a human filter for the Internet. It’s called “Top Picks”.

“The Top Picks module automatically highlights stories from your page, based on the articles you have recently read on My Yahoo! The more stories you click on, the more you will see this module reflect your interests.”

Actually, the technology beneath it is not so ‘simple’ but the application of it here makes so much sense that it feels like it’s simple when you watch it work. It works by using implicit behaviors. I don’t have to tell it what I like. It learns.

If it could also show me what my social network is tapped into right now, then the experience would feel nearly complete.

Media researchers will note here that people need pop culture to feel connected to a greater whole. I believe that’s true, too. Television is an amazingly powerful community builder.

But I would gladly trade a powerful singular social voice tied together by networks of distribution ownership for a less unified but still loosely connected network of pop culture tied together by my personal activities and my social connections.

Media As A Service

Much like print and tv are becoming marketing vehicles to drive people online, the domain name for an online media service is becoming sort of an abstract utility or maybe just a brand address for media services rather than the real estate upon which the core activity occurs. The service a media vehicle provides matters more than the vehicle itself.

And this isn’t only happening in the content space. Every aspect of the media business is pointing to a services model. Here’s what the key pieces look like, in my mind:

  1. Data is infinitely distributable. All data…not just editorialized words. The RSS standard opened the doors for vast distribution networks, and services like Yahoo! Pipes and Feedburner figured out how to make the distribution methods meaningful. There’s an endless supply of microchunks flying around the Internet, most of them unattached to any domain or URL except as a handy reference point.
  2. Data can be visualized in meaningful ways. AJAX and the many freely available widget kits and javascript libraries such as YUI are rendering these microchunks in the right place at the right time in the right way for people which, again, is not always on a web site. The Internet user experience is no longer held back by the limitations of HTML and the packaging a site owner predefines for their media.
  3. Media is created by everyone. Whether written in long form by a reporter or researcher, captured as video by a mobile phone owner, or simply clicked by a casual web site visitor, expressions of interest are shared, measured and interpreted in many different ways. This results in a seemingly neverending stream of media flowing in and out of every corner of the digital universe.
  4. Distribution technologies are increasingly efficient and inexpensive. Personal media services like instant messaging, blog tools, podcasting and collaborative media services like Wikipedia, del.icio.us, Flickr, etc. are easy to use and often free. Web services and open source software enable people and companies to scale distribution and production functionality for large audiences or groups of users with negligeable costs. Most importantly, these tools enable people to be influential without ever owning a domain.
  5. The distance between buyer and seller is shrinking. There are more and more ways for buyers to find sellers and sellers to find buyers from search engines to recommendation tools to coupon rss feeds, etc. Distributed ad markets like Right Media are enabling marketers and service providers to negotiate both the methods and the value of a marketing message. Advertising can operate as a service, too.

After re-reading this description myself, it looks like I’ve just echoed much of the whole Web 2.0 thing yet again. That makes me think I didn’t articulate the concept properly, as I believe there’s a very different way to visualize how data get created, packaged, distributed and remixed and how the various parts of a media business can be coupled both within the organization and across the wider network. Maybe that’s Web 2.0. Maybe it’s edge economics. SOA. Whatever.

The important thing is to think of how your media business can create for yourself or leverage how others offer Marketing As A Service, Sales As A Service, Operations As A Service, in addition to your editorial and community building efforts. Here’s a quick chart of how a media business might look that hopefully gets the point across:

Staffing Model Source Data Coopted Data Distribution Services
EDITORIAL Reporters, Community Managers, Assemblers (formerly known as ‘Producers’) Original News, Analysis, Columns News Wires, Paid Data Feeds, Free RSS Feeds, Links, Comments, Votes, Ratings, Clicks RSS Feeds, Content API (Read and Write)
MARKETING Customer Service, Evangelists, Event Organizers SEO, SEM, Paid Inclusion, Sponsorships, Staff Blogs Partner Promotion, Customer Evangelist Blogs Customer Help, Usage Policies, SLAs, Traffic/Referrals to favored partners
SALES Sales Engineers, Business Development Customer Data, On-site Inventory Partner Inventory, OEM Partner Services Ad Service API (Read and Write)

We’ve seen Journalism As A Service evolve with a little more clarity, particularly recently. Mark Glaser provides a step-by-step guide on how to structure a community-driven news organization:

“Reach out to the community for bloggers, muckrakers and go-to experts. Each topic area would require more than just reacting to news. The Topic Chief would be sure to enlist as many experts as possible not only to be sources but to also be contributors, commenters, and word-of-mouth marketers. Anyone who possesses the skills that go beyond basic participation can be hired on as freelancers or even full-time staff.”

Similarly, Doc Searls’ “How To Save Newspapers” post also lays out what needs to happen on the editorial side. Here’s step #5 in his list:

“Start looking toward the best of those bloggers as potential stringers. Or at least as partners in shared job of informing the community about What’s Going On and What Matters Around Here. The blogosphere is thick with obsessives who write (often with more authority than anybody inside the paper) on topics like water quality, politics, road improvement, historical preservation, performing artisty and a zillion other topics. These people, these writers, are potentially huge resources for you. They are not competitors. The whole “bloggers vs. journalism” thing is a red herring, and a rotten one at that. There’s a symbiosis that needs to happen, and it’s barely beginning. Get in front of it, and everybody will benefit.”

There is lots of guidance for the newsroom, but all parts of a media business can become services.

For example, the ultimate in Marketing As A Service is the customer evangelist. It’s not about branded banners, as Valleywag points out,

“When paid-for banner ads lead to another site that’s supported by banner ads, you know that something’s wrong. Anyone who relies on that circular spending is asking for trouble.”

Marketing should be about enabling customer evangelists whether your customer is simply promoting your stuff for you or actually distributing and reselling it. Fred Wilson thinks of this in terms of “Superdistribution“:

“Superdistribution means turning every consumer into a distribution partner. Every person who buys a record, a movie, reads a newspaper, a book, every person who buys a Sonos or a Vespa becomes a retailer of that item. It’s word of mouth marketing, referral marketing, but with one important difference. The consumer is the retailer.”

None of this needs to happen on a single domain. The domain chain in any of these actions probably should be invisible to people, anyhow, except maybe to ground the events in trusted relationships.

Now, there are many domains that can create wonderfully useful and valuable destinations once they reach a certain critical mass. Invoking another over-used dotcom jargon word, this is what happens at the head of the long tail. And there are obviously lots of nice advantages of being in that position.

Most media companies want to be in that position and fight tooth and nail for it even if it just means being at the head of a niche curve. But instead of or maybe in addition to competing for position on the curve, most media companies need to think about how they provide relevant services outside of their domains that do something useful or valuable in meaningful ways across the entire spectrum.

Posting articles on your domain isn’t good enough any more. The constant fight for page views should be positive proof of that. There’s a bigger, deeper, longer term position out there as a critical part of a network. Sun Microsystems’ mantra “The Network is the Computer” is still meaningful in this context. What is your role if “The Network is the Media”?

Similarly, is Marshall Mcluhan’s widely adopted view that “The Medium Is The Message” still true? Or, like many have asked about the IT market, does the medium matter anymore?

If we are moving to an intention economy, then those who best enable and capture intention will win. And that doesn’t have to happen on a domain any more.

Testing ways to splice my feeds

I started playing around with Pipes a bit more the other day and then found this handy tip via Lifehacker for nicer looking ways to link splice in your blog feed.


You can already splice del.icio.us and flickr directly into any Feedburner feed, but Pipes allows you to do things like isolating the saved bookmarks from tags and groups of tags. You can also prepend each item in your feed with things like “link”, “blog post”, and “photo”. You could also splice in other feeds that Feedburner doesn’t support like your Last.fm tracks, for example. I thought I would try offering foreign language versions of all this, too.

I apologize if my feed here gets squirrely on you as I work this out. Coincidentally, I saw this post yesterday that pointed out the number 1 reason people unsubscribe from a particular feed is information overload. I’m definitely becoming an overload offender here. Sorry.

If you want to be sure you’re only subscribed to my blog posts, then here is the blog-only feed.

UPDATE: As I suspected, it was a snap to create foreign language versions of my feeds. I’ve added several translations using the BabelFish operator. I can’t vouch for the accuracy or quality of the translations, but there are now Spanish, French, German, and Japanese language versions of my feed. More on the way.

A start page on my own domain

With a quick copy and paste job using Kent Brewster’s Pipes Badger and a few widgets from services I use, I now have what is a mostly sufficient start page on my own domain that displays my various forms of online expression. Really interesting stuff here.

Membership has its privileges

Mark Glaser asks his readers this week to submit the answer to the following question:

“What would motivate you to contribute to a citizen media site?”

I can’t imagine that anyone is going to be able to answer that question in an interesting way. It’s the wrong question. It’s kind of like asking why do people sing at church? Or why do people meet their friends at the pub?


Photo: -bartimaeus-

If the church asks you to sing, you sing. If your friends tell you to meet at the pub, you go to the pub. The community and purpose of doing things together is already implied, so you do whatever everyone else in that community does if you want to be a part of it.

Jon Udell starts to dig into the critical mass hurdles for social networks in a recent post where he quotes Gary McGraw saying:

“People keep asking me to join the LinkedIn network, but I’m already part of a network. It’s called the Internet.”

The real question is not about getting people to do things. There are too many things to do and too many people to socialize with in a day already.

The question is about forming meaningful communities and the kinds of things that will help a community flourish. Meaning comes in millions of different shapes and sizes, but there are lots of precedents in terms of ideologies, aesthetics, and methods.

News, for example, is inherently about being first to report on an event. Successful community-based news sites enable people who care enough about a topic to either be the first to report on it or be clued in before less speedy outlets pick up on something. It feeds into a competitive and sometimes gossipy human nature. Just ask your best reporters why they became reporters. Digg appeals to the reporter in all of us.

I used to attend a charity event called Rebuilding Together where groups of people would assemble and fix up houses and schools around the city of San Francisco. There was a core team who selected applications for fix-it team deployments. Then there was a leader who would drive the work to be done by each team at each site. On the chosen date, people would jump on a project and invite their friends to join. It was impressive to see what a focused group could accomplish in a day, fixing plumbing, painting, cleaning, rebuilding fences, etc.

Why did people do it?

There was a purpose. We were helping people truly in need. The commitment was lightweight. It was 1 day a year. It was well organized. I didn’t have to debate with people about how things should be done. The result was impactful, a total overhaul of a building. It was fun. I had a laugh with my friends and met new people.

Often when people start asking how you get to critical mass, they’re losing the plot. Sure, it would be great to worry about scaling a site rather than fighting for a Digg. But if you and your community are doing something unique and valuable, then size really shouldn’t matter. And in many cases, it makes sense to make the community exclusive and smaller rather than bigger and diluted, anyhow.

The question then becomes, “Are you offering a service that a lot of people find unique and valuable?”

I think a lot of publishers fail to understand the size of a potential market, what’s unique about an offering, and the value of that offering to the people who do actually care about it.

Then there’s also the issue of recognizing what you can actually deliver. You have to play to your strengths.

Yahoo! Answers is a good example of that. The idea of getting immediate answers to any question you can think of from real humans is outrageously ambitious. There are lots of ways to get answers to questions out there. But Yahoo! played to its strengths to get it off the ground, then it just took off. It’s easy. It’s fun. It works. And, therefore, it’s meaningful. And now there’s nothing like it out there anywhere.

Of course, not everybody can point a firehose of traffic at a domain, but there are plenty of cases where Yahoo! failed to create a community by pointing a firehose of traffic at it.

So, what makes a meaningful community that has a definitive purpose? Yeah, well, that’s an answer you can get from Cameron Marlow, danah boyd, and a lot of people a lot smarter than me.

Though perhaps this is all just echo blogging and the real question gets to something people already understand. Maybe the question is simply: “How do you make membership in your community desirable?”

Wikipedia defines “privilege” as follows:

A privilege—etymologically “private law” or law relating to a specific individual—is an honour, or permissive activity granted by another person or a government. A privilege is not a right and in some cases can be revoked.

I think the answer is in there somewhere for everyone who is struggling to get their community to do stuff.


Photo:Manne

Do you want my clicks or my attention?

I’ve been a believer for a long time that the magazine business is best-suited amongst the “old” media markets to embrace and extend the online media world successfully. They understand communities. They understand niche content. And they get targeted advertising. They intuitively understand some of the hardest things to get right.

But watching eWeek handle the recent IntelliTXT controversy (more here from Paul Conley and here from Jason Calacanis) reminds me why there are newcomers in every market nearly every day displacing the magazine incumbant in that space.

RollingStone is kicking itself while MySpace displaces everything they once were. It continues to pain ZiffDavis and IDG every day that CNet and Slashdot control more and more of their once-dominant market positions. Everyone who was working at Time Inc. while Yahoo! rose to power is embarrassed every time they check their email.

Instead of embracing the Internet, the magazine businesses, particularly niche publications, choose to hide under their old business models. Then each time a Digg or a BoingBoing or the next new media site screams across the network, the internal fingerpointing and backroom politics escalate. And while everyone plots the next move, key thought leaders inside the company head elsewhere for employment.

There was a collective ‘ouch’ when InfoWorld lost Jon Udell to Microsoft.

I’m surprised that the trade associations are only just now picking up on things like this and the damage they cause. Martha Spizziri of the ASPBE takes a first pass at what IntelliTXT means:

“…at best the IntelliTXT model is annoying–in the same way that even editorial links can be annoying when the text is vague. In both cases, you aren’t really sure what kind of information you’ll get if you click.”

The American Business Media, on the other hand, has chosen not to take a side. In fact, they’ve chosen eWeek as a Neal Award finalist instead. B2B media watchdog Paul Conley explains why that’s a bad idea:

“it’s beyond me why the screening judges at ABM would think that a site that embarrasses the entire world of B2B journalism should be considered a symbol of what is best in B2B journalism.”

And Bill Mickey at Folio faults eWeek for being desperate:

“I’ve written about this before, as has Conley, who this time suggests that pressures stemming from owner Willis Stein’s efforts to sell Ziff Davis have resulted in a revenue-at-all-costs Web site strategy.”

Its obvious to everyone that print is struggling. And the stories of a market in turmoil only get more critical when a leader like eWeek sells out its last asset…the words on its pages.

Look, relevant advertising is great. It works for everyone in the media ecosystem. But when credibility is the elephant in the room, you can’t disrespect your customers. It’s as if your own content is getting in the way of what you want from people.

Do you want my clicks or my attention? If you capture my click, you’ll have a dollar today. If you capture my attention, you’ll have a customer tomorrow.

The breakthrough that is MyBlogLog

There’s something very uncomfortable about seeing your face appear on another web site while you’re visiting it. That’s exactly why I think MyBlogLog is going to be a really big deal. I’m looking forward to seeing what happens now that it’s part of Yahoo!.

The quotable Paul Saffo visited Yahoo! last week and said this about technological breakthroughs: “It takes 20 years to have an overnight success.” That’s spot on in this case, too.

First there was email, and then we got instant messaging. The next online communication breakthrough was the social networking app. Now there’s distributed identity, another variation on personal expression and communication.

It’s a more explicit expression of implicit behavior, if that makes any sense.

And just like each predecessor in the social software space, resistence to the new paradigm will widen generational gaps for a time until the concept is adopted widely enough. Change like this is an ongoing theme in the evolution of the Internet.

I remember a time when it was uncomfortable to discover that marketers had my email address and sent things directly to my inbox. It was uncomfortable to know that friends and colleagues could see when I was online via IM and be able to ping me any time they wanted. It was uncomfortable to know that people were looking at, assessing, and deciding whether or not to mark me as a connection on social networking sites.

MyBlogLog now exposes access to another channel that was previously known only to me…my browsing history.

The numbers I’ve seen internally tell an amazing story, the classic hockey stick. But an even bigger indicator is the number of requests for connections that I’ve received since becoming a member. Many are people that have likely seen my face on web pages as I traverse across the Internet, not people who found me through a search or via another friend.

MyBlogLog makes the Internet feel like a huge party where you bump into random people that might be interesting and see friends that you didn’t know were in the same place as you. It’s weird. It’s awkward. It’s fantastic.

What do these connections mean? I can’t say, yet. But intuitively I know that MyBlogLog is going to matter in lots of different contexts. The potential here is just massive.

More on the Yahoo!/MyBlogLog deal:

UPDATE: There’s been an explosion of coverage this morning on this announcement. TechMeme is doing a great job of capturing the links out there. Here’s a sample:


Yahoo! Snaps Up Mybloglog.com  —  Yahoo! is making notoriety a mouse click away.  —  The Internet portal has purchased Mybloglog.com, an Orlando, Fla.-based website that enables readers of web pages to leave information about themselves, building a social network among fans of such things
Webware.com
Mathew Ingram
Rex Hammock’s weblog
Elatable
Squash
Blogging Stocks
Business Filter
Zoli’s Blog
Bloggers Blog
FactoryCity
Between the Lines
Digital Inspiration
The Social Web
10e20
duncanriley.com
CenterNetworks
Clickety Clack
Susan Mernit’s Blog
Caroline McCarthy / Webware.com: YAHOO BUYS MYBLOGLOG. SO WHAT?
Mathew Ingram / mathewingram.com/work: Yahoo buys MyBlogLog — but why?
Rex Hammock / Rex Hammock’s weblog: Yahoo! buys MyBlogLog (deja vu all over again)
Elatable: MyBlogLog and Yahoo light up the blogosphere
Phil Sim / Squash: MyBlogLog will fizzle  —  10 million kudos to the guys behind MyBlogLog.
Melly Alazraki / Blogging Stocks: Yahoo! makes a (small) move — buys MyBlogLog
Mwelch / Business Filter: Yahoo! Snaps Up MyBlogLog
Zoli Erdos / Zoli’s Blog: Let’s Not Spam MyBlogLog
Bloggers Blog: Yahoo Buys MyBlogLog For Real This Time
Chris Messina / FactoryCity: Sticking eyeballs with toothpicks; or Yahoo buys MyBlogLog
Larry Dignan / Between the Lines: Yahoo’s MyBlogLog purchase by the numbers
Amit Agarwal / Digital Inspiration: MyBlogLog: Now Playing At the Yahoo! Theatre
Steve O’Hear / The Social Web: Yahoo buys MyBlogLog
Chris Winfield / 10e20: Yahoo Acquires MyBlogLog.com – For Real This Time
Duncan / duncanriley.com: Yahoo! buys MyBlogLog
Allen Stern / CenterNetworks: Yahoo! buys MyBlogLog – Yep, it’s confirmed
Junior Hines / Clickety Clack: Yahoo Buys MyBlogLog
Susan Mernit / Susan Mernit’s Blog: Weekend news: Myblog log acquired; Rafer joining Yahoo!
Om Malik / GigaOM: Yahoo buys MyBlogLog… for real!
  —  Updated: 8.58 pm: A few minutes after we had ordered our dinner at Mehfil Restaurant in San Francisco’s SOMA district, Scott Rafer, chairman of Orlando, Florida-based MyBlogLog, checked his Blackberry Pearl, and broke into a smile.

Valleywag
A View from the Isle
Mark Evans
Screenwerk
Web Worker Daily
Search Marketing Gurus
hyku | blog
HipMojo.com and Marketing Blog Bent …
Tris Hussey / A View from the Isle: MyBlogLog joins Yahoo, is this good?
Mark Evans: Yahoo Finally Acquires…MyBlogLog
Greg Sterling / Screenwerk: Getting Y!’s Mojo Back: A Release a Week
Chris Gilmer / Web Worker Daily: MYBLOGLOG, A VIRTUAL COMPANY, SOLD TO YAHOO
Li Evans / Search Marketing Gurus: MyBlogLog Acquired By Yahoo! or Not?
Josh Hallett / hyku | blog: Congrats to the MyBlogLog Gang
Froosh / HipMojo.com: Linked In: More Than Spam?
Jason Dowdell / Marketing Blog Bent …: Yahoo Aquires MyBlogLog for 12 Million
Chad Dickerson / Yodel Anecdotal: Bloggers unite!  Yahoo! joins forces with MyBlogLog
  —  There once was a time when bloggers basically lived in silos of independent existence.  Hunched over your keyboard, you checked your ego feeds every day, looked for inbound links, followed the various meme-tracking sites, and read who you thought was interesting.

Search Engine Land
CyberNet Technology News
10e20
Search Engine Watch Blog
Yahoo! Developer Network blog
Marketing Blog Bent …
Danny Sullivan / Search Engine Land: Yahoo Acquires MyBlogLog & More On How It Works
Ashley / CyberNet Technology News: Yahoo! Acquires MyBlogLog (along with their statistics program too!)
Chris Winfield / 10e20: How Long Until Spam Becomes a Huge Problem for MyBlogLog?
Kevin Newcomb / Search Engine Watch Blog: Yahoo Acquires MyBlogLog
Jeremy Zawodny / Yahoo! Developer Network blog: MyBlogLog Joins YDN!
Evan Roberts / Marketing Blog Bent …: Something Smells Funny in this Shoe
Yahoo Buys MyBlogLog.  No, They Didn’t.  Wait, Yes.
  —  Ok so it’s official and confirmed from Yahoo: They bought MyBlogLog.  This was first rumored to be happening in November, but was never confirmed and we updated our post to reflect that.  This morning the news broke again but was pulled immediately afterwards.

Conversion Rater
Andy Beal’s Marketing Pilgrim and Webomatica
Pat McCarthy / Conversion Rater: MyBlogLog Gets Yahoo’d
Andy Beal / Andy Beal’s Marketing Pilgrim: Yahoo Acquires MyBlogLog
Webomatica: Yahoo! Buys MyBlogLog
Eric / The MyBlogLog Blog: The Jig is Up — MyBlogLog joins Yahoo!
  —  Todd, John, Steve, Scott and I are pleased to announce that Yahoo! has brought MyBlogLog into the fold.  I’ve been drafting a post about this for the better part of a week and it’s just not happening.  No matter how hard I try, there’s just too much here that I can’t yet put into words.

Read/WriteWeb and Scott Rafer at WINKsite
Richard MacManus / Read/WriteWeb: MyBlogLog Acquired by Yahoo – Grist To The Distributed Network Mill
Rafer / Scott Rafer at WINKsite: Yup, Yahoo! Bought MyBlogLog.
Pete Cashmore / Mashable!: Confirmed: Yahoo Acquires MyBlogLog for $10 Million
  —  Valleywag started a rumor in November that Yahoo had bought MyBlogLog – Yahoo then denied it and everybody backtracked.  Another story popped up on MarketingShift early today, adding a $10 million price tag – that post was quickly pulled
Don Dodge on The Next …
Valleywag and digg
Don Dodge / Don Dodge on The Next Big Thing: Yahoo acquires MyBlogLog for $10M – Has anyone done the math?
Valleywag: SELF-REFERENTIAL: Valleywag, your premature news source
digg: Confirmed: Yahoo Acquires MyBlogLog for $10 Million
Jeremy Zawodny / Jeremy Zawodny’s blog: Welcome MyBlogLog to Yahoo!
  —  It seems like only yesterday that TechCrunch posted a premature story about Yahoo! buying MyBlogLog.  —  Well, now it’s official and I’d like to publicly welcome the MyBlogLog team to Yahoo.  In the last month or so, I’ve had the chance to meet and get to know the team
Owen Thomas / Business 2.0 Beta: Yahoo Spends Millions on Social Startup MyBlogLog
Rafat Ali / PaidContent: Yahoo Buys Distributed Social Network MyBlogLog; Reportedly Around $10 Million
Profy.Com
TechAddress
Message
MediaVidea and The Blogging Times
Paul Glazowski / Profy.Com: Post Analysis: The MyBlogLog Buyout
TechAddress: Yahoo Snaps Up Mybloglog.com – By Forbes.com CES Blog
Stowe Boyd / Message: Yahoo At The Center Of The Social Universe: But Where’s The Integration?
Pramit Singh / MediaVidea: Mybloglog: a better model for blog networks?
Minic Rivera / The Blogging Times: This time it’s for real: Yahoo buys MyBlogLog

Is attention finite?

John Hagel explores the economics of attention and describes the issues for today’s business leaders:

“Attention economics starts with the observation that, as products and information proliferate, attention becomes the scarce resource … we each have only 24 hours in the day. Where we choose to allocate this attention will increasingly determine who creates economic value and who destroys economic value.”

He provides some insightful advice for an executive in the attention economy:

“The attention economy is surfacing around us today … it is not some distant future. As with most economic trends, those who spot them and act on them early are most likely to create significant value. Here are some early action items:

1) Explore the implications of attention scarcity for firm structure … I view attention scarcity as a key catalyst driving the unbundling and rebundling of firms that is occurring on a global scale
2) Master the management techniques required to increase return on attention, not only for customers but for employees and business partners as well
3) Create mechanisms to help customers and employees attract the attention they need to become more successful in their endeavors, especially in terms of their talent development.”

Hagel’s arguments are valid, but this view sounds a too narrowminded to me. He’s proposing a way to make tomorrow’s new business models backwards compatible with today’s business models.

The problem with discussing attention in economic terms, in my opinion, which is, by the way, completely uninformed by any kind of economic education, is this notion that attention is finite.

It’s true that time limits how many words I can read on a page, how many links I can click on in a browser, and how many billboards I will see in a day. In addition to time, the language, user interface and art of design as we know it limits what I can take in and digest.

But the fluidity of attention is limited more by the medium and the information therein than it is by the brain’s ability to absorb, interpret and output ideas. The brain has an amazing ability to abstract things, to alter viewpoints and understand them both on macro and micro levels. Depending on your perspective, ‘time’ can be as literal as the movement of shadows on the ground or as abstract as evolution of species.

Imagine describing to someone 100 years ago the idea that you could play hours and hours of new and interesting music from a personalized stream of songs produced by pros and amateurs alike from around the world that never repeats itself. Imagine describing to a teen as recently as 1990 that she could build a nearly infinite network of friends and interesting strangers and stay in touch with all of them almost all the time.

It’s as if attention is expanding because of better production methods, easier distribution mechanisms and deeper meaning in the information that gets produced and distributed. While discussing this with Cameron Marlow on the train this morning, he came up with the term “attention inflation” to describe this phenomenon. I like that.

Hagel is right about the most obvious approach to making money in this world. There will always be opportunities in the inefficiencies (or “friction” as edge economists say) in the way information is communicated.

We see this now in the way media properties charge advertisers a fee for the cost of reaching valuable eyeballs. But advertisers are forever chasing people to get their attention. They are always paying for the inefficiencies in the market. And media properties are motivated to retain inefficiencies in order to capitalize on that friction. This business model locks companies on both sides into the status quo.

The opportunity, on the other hand, is vast for those who are able to alter our viewpoints and abstract the way we understand information. It’s about offering new methods to communicate and taking advantage of the methods that are already infinitely fluid. The supply of attention can be limitless when the barriers are removed and the right lubricant is applied.

I guess all I’m testing out here is the idea that the attention economy is not so much a supply and demand issue as much as it is an issue of abstraction. New markets form when people can expand their attention rather than allocate it. And the early movers to find abstract solutions to communication and information problems enjoy enormous benefits down the road when everyone else wants to hop on the ride.

Top 5 new business ideas

The month of lists has begun, so I decided to rank the business ideas from the last year that could or should be a big deal in the next year. Most of these ideas and companies have actually been around longer than 12 months, but they either reached a certain critical mass or captured my imagination in a new way recently.

1) Scrobbling
All my listening behavior are belong to Last.fm. They figured out how to not only capture what I listen to but also to incentivize me to keep my behavior data with them. Since my listening data is open for other services to use, I am willingly giving Last.fm the power to broker that data with other providers on behalf. That’s a very strong position to be in.

2) Meta ad networks
Feedburner and Right Media figured out that ad networks can be networked into meta networks. Right Media went the extra step and opened up their APIs so that someone can build a white label ad exchange of their own using the Right Media tools. All you need are advertisers and publishers, and you’ve suddenly got a media market of your own. I can’t help but wonder if these guys have stepped into the big leagues with the next really important revenue model.

3) Pay-as-you-go storage, computing, whatever
Amazon impresses me on so many levels even if they don’t know exactly what they’re doing. They are making it happen just by doing smart things with the resources already in their arsenal. Similarly, Flickr understands that the APIs you use to build your web site are the same APIs you want to open up as a service, and it’s paying off handsomely for them. The formula here is one part optimizing resources and two parts confidence that your business won’t crash if you share your core assets with other people. Stir constantly.

4) People-powered knowledge
I really like the Yahoo! Answers experience. I also really like the concept behind MechanicalTurk where knowledge can be distributed as a service. Machines are at their best, in my opinion, when they make humans capable of doing things they couldn’t otherwise do, not least of which is making the universe of human knowledge more accessible.

5) Widget-mania
It wasn’t until I heard about the big revenues GlitterMaker was earning that I realized just how powerful this idea has become the last year or so. Beck’s customizable CD cover reinforced the idea that everything is a tattoo or a tattooable thing if you look at it that way…and many people do. If only I could run AdSense on my forehead.