Posts tagged tech
“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
Jann Scott’s Journal: North Korea and China vs USSTRATCOM Joint Electronic Warfare Center’s .
Dec 20th
Then there was Edward Snowdon who, while working for the NSA, leaked everything. He then took all the files to all of our adversaries including China, North Korea and Russia. He now lives in Russia and is a pawn in their game against the USA. He too is popular among Millenniums. He is considered a traitor, but the USA has treated him with kid gloves. Yet, he is considered the most damaging hacker to national security. I mean , this guy is the cause of our current cyber war with China and North Korea. How he ever became an American anti-hero is mind boggling.
Next, China led cyber military actions against the USA, and were caught caught red-handed so to speak. They were reprimanded by the USA. China has been notorious in it’s attacks. Since America has business relations with china we let it all pass even though China broke into american companies and military installations. What they did was an act of war. Cyberwar.. but war nonetheless.
In this latest attack by North Korea, government officials are telling the NY Times that China led the whole thing. China trained the North Koreans, educated them and set up their Cyber warfare department. North Korea is essentially the bad boy puppet state of China.
So now what ????
Now that cyber hacking warfare is out of the box, where will it all end???? No place good for the future. It could lead to Electronic Warfare or EW involving the use of the electromagnetic spectrum (EMS) or directed energy (DE) But North Korea is still on paper. They don’t have any computers or internet. They use paper file folders. Up until now no nation has launched a cyber attack with devastating consequence. We could do it. We could put bursts out over North Korea and shut down all of their power facilities and destroy all of their electrical power stations. We could do worse to china.
If we start whipping EMS attacks around there will be hell to pay…. But it could be coming. The United States has USSTRATCOM :Joint Electronic Warfare Center which is rearing to go. Nobody is talking about this, but we have sophisticated weapons that can knock the crap out of any country on Earth. So do they.
What a mess
from the Dope hacking capital of America
Jann Scott
Bouldern Colorado
Jann Scott’s Journal is the Voice of boulder , the mouth piece of the city under the Flat Irons