Posts tagged service
“I can Has Cheezburger” loses millions : Jann Scott’s Journal
Dec 20th
In a confession on Back Channel Huh said:
“In a nutshell, we didn’t know what we were doing. We had been profitable for years, selling ads, t-shirts, books and even a reality show on Bravo. But having investment money in the bank was new for us. More important, so was the process of transforming ourselves from a team that built and acquired WordPress sites to a company that produced a full-on content platform. We tripled our headcount.
After cashing out our original investors, however, our $30 million had dwindled to just $4 million. That figure is small by venture capital standards, but for a company that was used to duct tape and folding chairs, we felt like we were swimming in cash. We were turning into a confused, money-losing mess.”
What is this company ? What do they produce ? What is their financial model ? Believe it or not it is a kitty Kat humor website company who depends on fucking banner ads and T shirt sales to make it. It was a losing idea from the beginning. Memes. really. The entire startup world is caught up in this kind of bullshit and most of them go broke. The only people making money are the founder hustlers and the early stage VCs like Foundry. It is almost like these people plan to fail.
I hate to toot my own horn but I sure as hell know how to turn 30 million dollars into a profitable company and not blow it on dumb shit. Take a company like mine: Channel One Networks llc. We have evolved from cable television programming in the 90s to web based TV and news in the 2000s. We built slowly and surely turning a profit every year while expanding steadily. Now we have a grown to 6,000 TV channels and newspapers with local content and local advertising in every city in the world. We are not a flash in the pan and we don’t make Giant company ending mistakes. We compete with Google, Twitter, Facebook, Yahoo and Microsoft. We build and sell our own products . We are not re sellers of somebody elses.. And we know what is King. Advertising and service sales are kings not content. Yes we are changing the way TV and news is delivered locally and we are changing the world.
One of the problems with the entire start-up millennium movement is that they are not business people. Most of them go broke. Most of them have little business or sales training. They do not know how to service customers or produce results for them. They are so caught up with making the scene that their zine meme thing crashes and they wonder .. oh gee what happened. business happened.
I wish some of these incubators and business schools would teach business instead of entrepreneurship. Not everybody can be an entrepreneur. There is great value in being a good solid worker.
From the Real World Home Town
Jann Scott
Boulder, Colorado
Jann Scott’s Journal gives a critical look at the world through the wise eyes of Boulders #1 multiculturalist
WE AMERICANS ARE RACIST: Jann Scotts Journal
Dec 9th
WE AMERICANS ARE RACIST
If you find a company in Boulder or Denver and there are no people of color working there, you can be assured that racism exists in that company .
Let’s take a police department in the given city. Now the police department should represent the percentage of the same people of color in the department so if its like 80 percent white than the department should be 80% white.
The other 20% be people of color. I don’t know if that’s the case in Boulder or Denver. I would think that it was. Probably not. Most companies in Boulder or Denver certainly have more whites than blacks. Now, why is that? Because the company is racist. Now why is that? Because the population is racist. Now why is that? well let’s say you’re in the service business in a mostly white community and you hire people of color to work for waiting on customers .
Customers will not come to your business because you have blacks. They will go someplace else. That’s true here in Boulder. First of all boulder does not have any black people….. White people are so used to seeing only white people, that black people really stand out. The exception would be if you are a really in shape beautiful black person….. Cause everybody here is beautiful… first and foremost. So like if you are a fat obese person… forget it.. You are not getting a job in Boulder. If you are Denzel Washington you are going to get a job here.
Then there’s the whole attitudinal thing between whites and blacks on the job. They can’t get along over racism.
Some companies feel that if they hire black or Mexican employees, that the black and Mexicans will steal from them more than the whites employees. why is that? Most white employees I have interviewed say that black and mexican employees are always the ones involved in employee theft. Why? Cause they feel the white man has been ripping them off for years and it is payup time.
Oh Yeh, America is racist. Boulder is Racist….
Jann Scott
Boulder, Colorado