Category: Business

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Are you one of those people who are wondering how Facebook decides which friends they put on your profile? I admit I am, both out of programmer's curiosity and of course, there have been rumors that those individuals are the ones who look at your profile. While LinkedIn offers this "who looks at your profile" insight to its (premium) users, Facebook is still very mysterious about it, denying this is how this particular algorithm works. But there is a simple reason I don't believe them: if I would be Facebook, I would design it exactly like this.

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written 11:50 CET on chronolog
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The debate about the potential second technology bubble is all over the media. One of the first milestones that will determine the outcome of this story happened on friday, when Facebook went public. As opposed to other (smaller) web IPOs of the past years (LinkedIn, Groupon, Zynga, Yandex), the price on the first day stayed on the same level. This was to be expected, since Facebook received the valuation of 100 billion dollars. To put that in perspective, that's around half of Google's value, and about the same value as Amazon has. But Facebook makes 10 times less revenue than Google does, and its revenue growth is slowing down. Was Facebook valued too high? It seems so, and some analysts are already saying that most of the stocks were bought by institutional investors to keep the share price above 38$.

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written 9:14 CET on chronolog
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It's been about month since I've returned from Silicon Valley, so I've had plenty of time to think about what happened there. This time I went out of curiosity, hoping to get the idea of how things work in the global center of technology. The next time I will be there for real business, approaching the situation more systematically. San Francisco and Silicon Valley are a great place to visit for profiles such as myself, so there surely will be a next time, when a wiser version of me will be able to do some serious shit. And I'll be wiser also because I've learned my lessons this time.

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written 19:01 CET on chronolog
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I don't know if you've had the chance to read What Would Google Do? by Jeff Jarvis. You should, it's a very powerful book, even though it's been written a few years ago. Things have changed a bit since then, when Google was on top of it's game, but that doesn't mean the ideas presented in the book aren't more actual than ever. One of the chapters that made the biggest impact on me was the one about platforms and distributed systems. Google managed to conquer the world of Web 1.0 by being decentralized, allowing others to embed YouTube videos, Google Maps and Ads anywhere on the Web. This orientation provided the fuel for Google's further development and growth. Today, this way of thinking is not a competitive advantage anymore, it's becoming a necessity. As you will see, current online market leaders of various industries are not those who provide the service, they're the ones who provide the platform.

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written 17:26 CET on chronolog
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Visiting Silicon Valley enabled me too peek into the future a bit. Finding out about new technology trends, meeting disruptive new software startups and seeing fascinating new business models that are proven to work. There are even more futuristic products / services than the ones mentioned in this post, but these are the ones that made the biggest impression on me. And they all share similar competitive advantages: using smartphones and other mobile devices, canceling middlemen and supporting cashless commerce.

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written 18:28 CET on chronolog
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Visiting the global technology bluechips was one of the things I was looking forward to the most on my trip to the Valley. Seeing how things work, the giant campuses they have, the amazing work conditions they offer. But like some other things, this plan didn't turn out as expected. I have to admit I was a bit naive, but a man can have his dreams, right? These corporations have their business to run, so why should they accept visitors like me? The fact is, they do accept them, but you have to have a contact on the inside. No contact, no glory. I was actually lucky enough to have some, and the next time I'll decide on journey like this, I'll make sure I address the situation more strategically.

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written 6:15 CET on chronolog
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There's this very cool place in San Francisco, a place where I'm staying while I'm on my Silicon Valley tour. vox.io's Bay Area headquarters, where not only people from Slovenia, but also from a few other countries currently live, work and play. This giant loft now gathers individuals from technology startups into a giant hub of solutions, people and ideas. Filled with hopes and expectations, this is definitely something I'm proud to be a part of.

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written 4:19 CET on chronolog
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