Musings of a VC in NYC

Withings Scale

As I've gotten into my 50s, something has occurred that has never been an issue for me, I've put on some weight. Nothing earth shattering but enough to get me focused on my weight for the first time ever.

So in the spirit of "you can't manage what you can't measure", I decided to get a scale. And because my friend Naveen is such a fan of the Withings scale, I went for that.

The Withings scale is a thing of beauty. It is sleek and looks great in my closet.

The scale measures your weight, body fat %, pulse rate, temperature, and CO2 levels in your home.

It connects to the wifi in your home and communicates with the Withings app on your iPhone and Android. You never have to connect anything to anything. The data flows over the air from scale to phone. The app provides a timeline of your key stats and gives you goal settings for them.

It's geek and chic at the same time. I'm into it and thought that some of you might be as well. Like most things, it is available at Amazon.

What Is Strategy?

My post on Product>Strategy>Business Model got a lot of comments and other reactions out there on the social web and from that I realized that many confuse strategy and tactics. And so I thought I would attempt to define strategy in business.

I like this definition that I got at wikipedia:

Strategic management is a level of managerial activity below setting goals and above tactics.

Strategy takes what you want to achieve and develops a plan to get there. From strategy you can develop tactics and implement them.

For me, strategy is as much about what you are not going to do as what you are going to do. Also from wikipedia:

Strategy is important because the resources available to achieve these goals are usually limited.

Strategy also involves how you are going to differentiate from competitors. Competitors are a given in business. How you compete with them will define the business. I like this framework a lot:

The basis of competition

Companies derive competitive advantage from how an organization produces its products, how it acts within a market relative to its competitors, or other aspects of the business. Specific approaches may include:

• Differentiation, in which products compete by offering a unique combination of features.
• Cost, in which products compete to offer an acceptable list of features at the lowest possible cost.
• Segmentation, in which products are tailored for the unique needs of a specific market, instead of trying to serve all consumers.

Strategic thinking can be seen in other disciplines outside of business. Two areas I have studied carefully are sports and the military. Winning teams and winning armies have often won because they have out strategized the losing team. You can see that in the Revolutionary War when Washington was outmanned and outgunned. And yet his strategic moves put the British on the defensive and eventually won the war.

Don't think you are going to win in business with a better product, more capital, or a bigger team. You can't just throw resources at a market and expect to win. The winner in a market most often has the best strategy and exectutes it well.

So read up on strategic thinking. Chandler and Drucker would be my two choices. Sun Tzu would also be on the list. Henry V by Shakespeare might also be worth reading.

And make sure that your company has both mission and vision (goals) and a strategy. It's too easy to skip from goals to tactics and you will not be well served by doing that.

Parenting

About a month ago, our oldest child Jessica inquired as to the whereabouts of the family videos we took of our kids when they were younger. We looked around a bit and finally found them. We hadn't seen them in years. The Gotham Gal took all the tapes over to the local photo store and got them put onto a set of DVDs, one for us and one each for the three kids. Jessica took the extra step of uploading all of them to Dropbox and inviting all of us to the folder.

So we've been watching these videos a bunch in the past month. We've also had the pleasure of having all of our kids home since late May so it has been "family time" at home. It's a rare thing these days and it won't last so we are making the most of it.

When I watch the videos, particularly the ones where we took Jessica home from the hospital, I marvel at how young we were. We had no idea what we were doing. 

Fast forward to June 2013, twenty-two years later, and we've learned a lot about parenting. One of our kids is out of college, one is in college, and one is entering his senior year in high school. I feel older, but wiser. And our kids have themselves to thank for that. They have taught us how to be parents.

Parenting is one of life's great pleasures. It has made me a better person in many ways. I am more patient, accepting, and understanding than I was before kids entered our life.

So on Father's Day, I am thankful for the experience of being a parent and parenting. It's an incredible gift and I feel fortunate to have received it.

Video Of The Week: Talking With Spencer Ante At SourceDigital13

Earlier this week at our portfolio company Flurry's conference, SourceDigital13, I sat down with Spencer Ante and talked about mobile and some other stuff. @boonsri was in the audience and filmed it with her iPhone and posted it to the web. She also edited the video to keep it short. The talk was something like 30mins but this video is just under 10mins.

Fun Friday: Foursquare Time Machine

Those of you who use Foursquare to database your life can have some fun today. Foursquare launched a cool interactive visualization tool called Time Machine yesterday.

Go there, login, and watch Foursquare go back in time and show you all of your movements around your city and the world. For me it was the past four years. Trips I'd almost forgotten came back to life. And at the end, I got this. You can get one too.

A few things about that infographic. The placed I've checked into the most, The Coffee Shop, is a place I will never go to again. Sometime in early 2012, I was treated badly by a hostess, and on the way out I vowed never to return. I haven't and won't.

I've been using Foursquare for about four years and have checked in almost 5,000 times. That's an average of 3.4x a day. No wonder Foursquare is so good at making recommendations for me when I am in places I don't know much about.

While we are on the topic of Foursquare, I want to address some tweets I saw yesterday that mangled some things I said about the company. I spoke at two events yesterday and at both I was asked about Foursquare. I said the same thing at both events, which is that Foursquare has pivoted the product from being primarily about checkins to being primarily about maps with people in them. They've done a fantastic job at that. But the market doesn't know that Foursquare is about maps and map search with people in it. They could do a better job in getting that word out. And I am happy to help them do that.

Funding Brooklyn Castle

You may have heard about the documentary called Brooklyn Castle in which a team of public middle school kids from NYC win the national high school chess championship. It's a true story and has been written about in the NY Times and elsewhere.

A few days ago, a friend sent me this blog post saying that funding cuts in the NYC public school system are putting the IS 318 chess team at risk. At the end of the post, the Diane Ravitch writes:

About a month ago, Eva Moskowitz held a fundraiser for her Success Academy charter school chain and raised $7 million Wouldn’t you think that just one of those hedge fund managers would adopt the chess program at I.S. 318?

Maybe we can take the politics out of this situation. I am not a hedge fund manager but I am a huge fan of Eva and what she is doing with Success Academies. And I am also a fan of IS 318 and what they are doing. There are plenty of ways to support the children in the public school system and one is not at the expense of the other, no matter what Diane thinks.

So I have connected the IS 318 chess team with DonorsChoose and we are going to run a campaign to raise the $20k they need to operate this coming year. And the Gotham Gal and I are going to do some sort of match to get this thing going.

I will be back to you all once we get this all figured out. I hope you are as excited about this as I am.

AR Drone - The Maiden Voyage

I wrote about drones a while back and as part of my exploration of them, I bought an AR Drone on Amazon. It was shipped to my office for some reason and sat there for about a month as I normally cycle or scooter home. But yesterday I decided to Hailo it home and bring the drone home with me.

It was good timing as all of our kids are home this week and got to participate in the maiden voyage. Emily and I unboxed it and charged the battery. Then we took it for its maiden voyage in the living room of our apartment.

Josh did the flying bit on my android phone, Emily and Jessica did the Instagraming and Vining, and I played prevent defense so that the drone would not hit our Eric Freeman painting.

After witnessing this scene, the Gotham Gal immediately banned all drone flying in the apartment so we will have to continue our exploration in the back yard.

Here are some thoughts based on the out of the box experience and maiden voyage:

1) the out of the box experience is great. It basically comes all put together, you charge the battery, download the app (iOS and Android) onto your phone or tablet and you are good to go.

2) it conects via wifi not bluetooth. That works fine but while you are flying the drone, you are not online. That seems like an issue at some level for cool things you might want to do with it that leverage the internet.

3) the app that controls the drone and the interface was not particularly intuitive. Josh plays enough video games that he is probably a candidate for the air force drone academy and yet he had some difficulty figuring it out.

4) everyone loves the drone. It would make a great house pet.

Once I get the hang of flying the drone, I want to start programming it. I plan to continue to post updates here as I get more into this.