Archive for June, 2007

The 386, Diamonds and Mobile Phones

Thursday, June 28th, 2007

This iPhone hype reminds me of the early days of the PC, when marketing centered around major breakthroughs. Remember the PET? TRS-80? Sinclair? Commodore 64? Apple II? IBM PC? They were all notable for certain reasons. Maybe it was “pre-assembled” or maybe it was an attractive price point or maybe it was color. Compare to mobile phones today: iPhone, RAZR, Sidekick, Blackberry. They are all notable for certain reasons. (Thankfully they are all pre-assembled.)

Over time, the PC became commoditized as it hit the mainstream consumer market. This was generally good for consumers because it gave them a basis for decisions and clarified where models differed. So I thinking that the wireless industry might end up going the way of the PC industry. After all, wireless service, while differentiated in the final offering to consumers, is essentially a commodity. When I try to find the absolute root of the problem, I always come back to the consumer. Does the bell curve of the consuming public KNOW that their phones can do more than complete a voice call? Do they care? Where do they get educated?

If you asked me to characterize the primary marketing message of any wireless carrier, it would be “X minutes for X dollars per month.” Every advertisement I see leads with this value proposition, so that is apparently the most important education a carrier wants a consumer to receive. I honestly don’t know how effective the rest of the messages are. I personally cannot remember any of those messages. “We have the best network” is bouncing off of me know, after every carrier has made this claim in some form. What else is there? I don’t know. And I think that is part of the problem: The industry has taught me that the “language” I need to compare service providers is a simple formula which is more minutes for less money. If that is the only education consumers are getting, does that mean they are the only dimensions on which any carrier can compete?

A brief history of computing:
1st generation: Mainframes based on vacuum tubes and punch cards. (ENIAC, 1946)
2nd generation: Mainframes based on transistors. (The transistor was invented in 1947)
3rd generation: The Integrated Circuit (invented in 1958 and commercially deployed in 1963) ushered in the era of the Minicomputer.
4th generation: Intel commercially releases the first Microprocessor, the 4004, in 1971, underlying the architecture of the famed 8086 microprocessor used in the IBM PC in 1981, and paving the way for the Microcomputer revolution.

And that is where we stand today. Architecturally, computers are essentially the same as that first IBM PC in 1981, albeit better, faster, etc. The last real innovation in personal computing was the Mac OS in 1984, followed by the Windows OS in 1985.

Where it gets really interesting to me is how computers were marketed to consumers. Read Intel’s “Anatomy of a Brand Campaign” for what I think is the move that really paved the way for a later shift in how we buy computers. They started by marketing their 386 processor, and then their 486 processor. Because those were not legally protectable trademarks, every manufacturer used them, which was akin to educating consumers to understand cars as having engines with 6 cylinders or 8 cylinders.

Think about it – the awareness by consumers that something under the hood differentiates the ultimate value of the overall product, even if they don’t fully understand how it works or even what it really is, is a powerful concept that gave them the tools they needed to compare computers side by side. If you were shopping for a computer and they both had 486 processors, how did you differentiate them? Megahertz. Nobody really knows what a megahertz is, but they know it measures speed, and faster is better. Thus the language of computers was born, and today anyone who buys a computer knows intuitively that industrial design aside, the decision will be based on:
- the processor
- its speed
- RAM
- Hard drive capacity
- operating system
- monitor size
- and several other secondary but also homogenous attributes including wireless connectivity, graphics processor, etc.

This language is really what enabled the likes of Dell and Gateway to sell computers sight unseen. Most importantly, when Microsoft Windows became the defacto OS for the vast majority of computers, consumers no longer had to worry about whether or not the available library of software applications would work with the computer they wanted to buy. People only buy computers to run software on them, so application portability was key to consumer adoption. When you can boil down a purchase decision to a set of specs like a checklist, the price-to-value equation quickly dominates the decision. Add a money-back guarantee and you take the risk completely out of the buying decision.

I just watched a stock ticker scroll by on TV. Blue Nile (NILE) is up about 100% since this time last year. Their market cap is almost $1 Billion. They sell diamonds over the internet.

Would you buy a diamond over the internet? I would. Aside from the fact that they are irrationally expensive and typically purchased for occassions where rationality is suspended, this is one of the lowest-involvement purchases a consumer can make. Why? Because all you have to know is the spec on the rock you want, and it is widely understood that that spec contains only these attributes on the checklist:
- color
- cut
- clarity
- carat

These attributes have sliding scales from bad to great, and their combination drives cost. It is that easy.

Just as there are literally millions of combinations of differentiable attributes that drive consumer adoption of computers, so are there literally millions of different things you can do with a diamond to make someone want it. You can make a ring, a necklace or a bracelet or any other category of jewelry, but it starts with those four attributes. A sparkly diamond will work in basically any setting. This is a form of application portability.

This somewhat obvious (now) marketing approach has simplified the buying process of computers and made bling available to a much broader consumer market.


So what about mobile phones?

How did you buy your last mobile phone? How will you buy your next one? If you answered, “Over the internet” you are still in the minority. Here’s a short treatment on the subject of this “clicks-to-bricks” product category, where a lot of research is done online, but the actual purchase is done hands-on in a retail store.

Why is that? Could it be that differentiation is so great among manufacturers and individual devices that there is no common point of reference for consumers? Could it be that this is greatly retarding adoption of data services?

Does that last sentence seem like a leap of logic? Let me explain. The blogosphere is perenially alight with the “walled garden” discussion, and there are strong points for and against.
I am personally in favor of walled gardens, if you want to call them that, because I believe that if the capital was deployed to create a closed network and consumers are ok with it, then those capitalists are entitled to protect their investment. One of the best arguments against walled gardens is that the applications you buy on one carrier do not go with you to your next phone or your new wireless carrier, should you decide to switch either.

Ok, that’s a problem for consumers, but look at the problems that preceed it:
1) There is no “language” for consumers to commoditize basic mobile phone functionality. Any application developer will tell you that the RAZR, in all of its incarnations, is underpowered and very difficult to develop for. Any consumer will tell you that the touch-sensitive keys on the Samsung Heat, with their millisecond-delayed response time, make for a difficult user experience.

These are specific examples of tribal knowledge around particular devices that could only influence satisfaction of a purchase decision AFTER the fact. But what are the attributes that you would compare to make a purchase decision between mobile phones? Do consumers know that processor speed actually matters to the final user experience? Shouldn’t ARM be differentiating to consumers to solidify their leadership position the same way Intel masterfully executed on their Intel Inside campaign?

What about memory and removable media? As the mobile phone morphs into a music player and an internet browsing device, won’t memory and storage capacity matter? Yes, but still all the marketing you see is about a device’s “thinness” or its ability to play video. This is 2007 - I EXPECT it to play video, but how well does it play video and why?

2) There is no common frame of reference for what a mobile device does. This is the common operating system argument. Hand your mobile phone to someone you know and tell them to buy a game or a song or a ringtone. Most people will not be able to do it because all mobile phone UIs are different. Think of how many times in your life a friend/spouse/coworker/complete stranger has called you up and asked you how to do something on their computer.
Them: “How do I make that annoying paper clip man go away?”
You: “Click Start, Settings, Control Panel and click Add/Remove Programs…”

You were only able to do this over the phone because you had the same OS. Try that same thing today: Call someone right now and ask them to walk you through how to watch a mobisode of the hit television series 24 on your mobile phone.

The Tribe Around Us is an oft-overlooked source of marketing power. Back when I was at Moviso, we found that one of the main reasons ringtone sales took off was that other people around you heard your phone ring and that educated them about customized ringtones. There was a high incidence of the question, “Can you send me that ringtone?” (To which the answer remains today, “No.”) Worse than not being able to leverage the Tribe Around Us is the fact that the devices are tied to services that are offered by wireless carriers that are trying to differentiate their service offerings based on the combination of services they provide. This means that the most powerful promotional medium – word of mouth – is unavailable to carriers to drive adoption of data.

The worst incarnation of this effect is, of course, that even if that word of mouth promotion is working to some degree, in practice there is no ability for consumers to act on that promotion. I am talking about a concept as simple as cutting and pasting a URL and sending it to a friend. This functionality simply does not exist in the mobile space.

But these barriers are not insurmountable:
- We need a “language” to describe mobile devices; we need a “386” or “the 4 Cs of diamonds” to educate consumers and drive purchase decisions.
- We need a common UI. Carriers and device makers have tried to differentiate on this dimension and it hasn’t helped – can we please try an OS that works across all devices so that device manufacturers can differentiate on features and functions instead of whether the left or right soft key ends a call? This is Apple’s second chance at licensing a defacto standard OS for an entire product category instead of tying it to hardware sales. Were they too successful with the iPod to think this isn’t a winning strategy? Am I missing something here? If they want to own the entire mobile space within only two short years, shouldn’t they, shortly after the launch of the iPhone, announce that the whole iPhone OS is available to all device manufacturers?
- We need application portability. Consumers see messages – expensive messages – telling them that they can get TV/music/games/ringtones on their mobile phones or that they can vote for American Idol via text message. “Now was it American Idol on Cingular and TV on Verizon or the other way around? It only works on certain phones? Which ones? Shit, I better go into the store for the very painful and time-consuming retail experience to get some answers.” Not only should consumers be able to understand which applications work on which devices, they should generally understand that ALL applications work on ALL devices because those devices exist to separate me from my money in exchange for an application that either saves time or wastes time. It should be as simple as that.

So, are mobile phones like PCs?
When I step back and look at how network operators plan to increase data ARPU, it is by and large through applications. (Applications that live on the device, like software on a PC.) If this is the case, shouldn’t we, as an industry, be looking at how to make the device more deeply integrated to the applications that will drive ARPU? Would that drive revenue? I think so. Would you buy a computer with Windows on it that didn’t have Office? Most people consider Office to in fact be part of Windows and expect for it to come pre-loaded as an integrated part of the device.

The more an “application” on a device feels like a “feature” OF the device, the more it will get used. The only problem I see is that while my mobile phone comes pre-loaded with software, the most useful items like the calculator, clock and Bubble Breaker do not drive ARPU. The applications that DO drive ARPU (SMS, Camera, MMS, Email, Browser) are just stuck in a decidedly “1.0″ revision cycle - they are very useful, but not as useful as they could be to the mainstream consuming public. When the other 90% of mobile consumers start sending pictures, it will be in part because we will have made the leap to the next generation of this basic functionality.

The first version of Windows was not more useful than DOS. In fact, it wasn’t until Windows 3.11 that it really started to make sense.

Today’s presentation

Thursday, June 21st, 2007

My presentation from today at the BREW ‘07 conference, “User-generated Content and the Future of Mobile Media,” can be downloaded here.

Before you click on that link, keep in mind that it is a gigantic uncompressed powerpoint file (41MB) and also that the embedded video usually doesn’t work because of how powerpoint likes to point at files instead of embed them. (Or, more likely, because I simply don’t know how to use powerpoint effectively.)

Feel free to plagiarize any content that was obviously created by me, however the 3rd-party content that I used for example I cannot grant permission to, so use your best judgement. (Though it is all attributed, so feel free to contact the owner directly.)

UPDATE: (6/21) To the scary guy who accosted me after my presentation: I was not “bashing” the media industry. I was explaining that the new media industry and the traditional media industry are colliding, and it is causing friction. The fact that the traditional media industry is in some ways helping its own demise is not my problem. If consumers prefer to get their “truth” from journalists who lie or from ordinary people who lie is irrelevant, but the point is that I EXPECT journalists NOT to lie, plagiarize or fabricate.

UPDATE #2: (6/21) I am sitting here with Mark Ewen, who just pointed out that tonight’s Goo Goo Dolls concert is on the U.S.S. Midway. Which is a carrier. And there will be wireless carriers there. And then the jokes started: “Carriers on a carrier. har har.” “Does this carrier have wireless?” “They could change the name to the “U.S.S. RTT.” He thought this was worth blogging about. I think we are an industry full of geeks.

Is Apple buying Facebook?

Monday, June 18th, 2007

I was just at lunch with Derrick at Harry’s Bar and Grill. They just installed a new plasma TV above the bar and CNBC was doing financial news. There was a bit about Yahoo being painted into a corner and probably having to sell. When did that happen? There were commentators talking about how their execution has been unimpressive compared to Newscorp with its MySpace acquisition and Google’s YouTube deal, like any internet-based media company absolutely MUST HAVE a Social Networking strategy. Then Derrick and I were talking about their aborted Facebook acquisition attempt. I don’t know what will end up happening with Yahoo, but whatever: You wouldn’t see me on TV saying they hadn’t executed very well - that is a powerhouse company. Still, maybe there is some reason why that meme is bubbling to the surface lately. Plus, today we saw Terry Semel step out of the CEO role, with Jerry Yang stepping in and focusing on “a culture of winning.” (btw, wouldn’t you love to have Jerry’s resume? He has only had one job in his whole career. It would be a Post-It note with his name and one company on it, Yahoo, with one bullet point: “Founded and built company into internet icon.”)

So anyway, we started talking about how mobile phones are stuck at an innovation plateau, and maybe the iPhone will be so revolutionary that it will move the whole industry to a new level. Maybe. Then we were talking about how to move the whole industry to a new level.

Then I said that Apple should buy Facebook.

And we talked about it.

Think about that for a second: Facebook is very impressively reinventing itself as a broad communication platform, severing its ties to its “college social networking” roots, while still maintaining those roots and without pissing off that core user base.

I just got back to the office and searched for “Apple buying Facebook” and found that many people are already speculating about the potential value in such a deal. The top result was Howard Lindzon, who posed the concept last month. I am a pretty active tech investor, and I read Howard’s blog now and again for good insight and commentary.

If Apple used Facebook to evolve their .Mac strategy, the result would be phenomenal. Now put the whole thing in the mobile space where a server-based communication platform is tightly integrated with a highly-evolved mobile communication device. This would give users true “anytime, anywhere” access to their contacts, but also to their content that they would essentially be distributing via a series of overlapping personal networks. If the not-apparent-at-first-but-obvious-now synergy of Newscorp/MySpace makes sense, Apple/Facebook makes even more sense to me.

At the same time that Facebook is gathering new users outside of its core target market, so is Apple expanding its base of “new to Apple” users. When I picture the ven diagram where “college students who use Facebook” overlaps “college students who buy iPods” I picture a pretty large sweetspot. When I picture the intersection of “fast followers adopting Facebook now” and “fast followers buying iPods now who want an iPhone” I see a pretty large sweetspot. When I compare the social networking strategy of Newscorp with the apparent strategy of every other very large media company, I really start to wonder if the entire media executive collective has yet fully grasped that “social networking” is now synonymous with “media distribution.” I mean really – where do we think the audience is these days? Watching TV? Not.

We are watching the lines blur between Media and Sharing and Consuming and Communication and Devices and Services. Newscorp made a bold move with MySpace that looked expensive at first but that now looks like a bargain. Google made a bold move with YouTube that looked expensive at first but that now looks like a bargain. If someone is going to make a bold move with Facebook that is going to look like a bargain in the future, shouldn’t it be Apple? (Yes, or Yahoo, but it seems that ship has sailed. We talked a bit about Microsoft in all of this, but for them, I see a backend platform that provides access to all social networking providers that could be integrated into the Windows Mobile OS fitting their strategy far better than a branded destination. Sort of like a specific purpose Opera Mini.)

Now of course, if Facebook does fit the profile of a company that, if acquired, would look like a bargain later, then maybe they could be the one shining IPO example this year, surely rivaling Google in hype, splendor and true value. If the future value of Facebook as a communication platform is so high, wouldn’t investors sign up for that? I would. Paul Kedrosky has put Facebook on IPO Watch, and others are speculating that the platform strategy may be the road to such an event.

I dunno. For a lot of private companies, the perceived horror of Sarbanes-Oxley compliance alone is enough to favor an M&A exit over IPO. But that aside, it comes down to synergy. If I owned Facebook and Apple wanted to buy it for a fair price, I wouldn’t take a dime in cash – I would take it all in stock because I see the potential synergy between the two companies creating far more value than going it alone.

But what do I know?

If Apple IS buying Facebook, a fun time to announce it would be right around the iPhone launch.

Digital Hollywood tomorrow and BREW next week

Monday, June 11th, 2007

Just a quick note: Tomorrow I will be speaking on a panel at Digital Hollywood in Santa Monica. (The panel is about mobile social networking.) If you are going to be there and would like to see the commercial release version of ANTHEM, send me an email and we’ll get together. I am going to try to stick around until Wednesday, but at the very least I will be there all day Tuesday.

Then next week on the 20th-22nd, Qualcomm’s BREW conference is in San Diego and Sean and Derrick and I will be hanging around the hotel having meetings and doing demos, etc., if you want to see the BREW version of ANTHEM. If you are going to be attending the BREW conference sessions, consider coming to my presentation - “User-Generated Content and the Future of Mobile Media.” This is a totally non-self-serving hour-long presentation in which I never mention our company or our products. It is a broad overview of media, user-generated content, the consumer market and megatrends affecting everything. Qualcomm let me do it last year and graciously invited me back this year, so I shined up the presentation and added a lot of new content. I think people liked it last year. It is an honest treatment of the future of media, complete with profanity, illegal use of copyrighted material, inappropriate references and animal cruelty. (I am not kidding, and it all makes sense and illustrates my points - trust me.) Anyway, if you can spare an hour, I would love to have you attend.

Also, a couple of points I am trying to find the time to blog about:
- InfoSpace sold off their content division to FunMobility. Adam is a smart guy and will do great things with it, I am sure. And I think bravo to Steve for focusing InfoSpace on their core infrastructure strength, which has always been in their DNA.
- Sprite Mobile Social Networking. I got like 20 emails saying, “Did you see this?” “Yes, I also get moconews, so you can assume from now on that I see the same shit you do at the same time you see it.” (I didn’t actually send an email to anyone saying that, but I mean, don’t all roads lead to Rome?) Anyway, I was really excited when I saw this because it is the first time a really big brand has embraced the “construct of mobile social networking” which is one of my favorite memes. I have a lot of questions and some speculations, but just in case I don’t have time over the next week or so to do some digging and blog about it, just know that at least I wanted to. ;-)

Does Amp’d bode ill for Helio?

Friday, June 8th, 2007

Does Amp’d bode ill for Helio?

I am seeing a lot of dancing on the grave of Amp’d Mobile. It is a pretty easy bandwagon to jump on: High-profile, cash-burning companies with hubris run by big-personality managers are fun to love on their way up and fun to ridicule on their way down.

I read the bankruptcy filing documents, and I have no comment other than to say that, yeah, apparently it is difficult to set up and run a wireless network, even if the network part has already been done for you. Got it.

But how difficult is it? Because there could be implications for all MVNOs. I mean, is it prohibitively difficult? Like is there no point in even trying? Is the cost of capital today too high to get a share of an opportunity that was started with 1980s-era money?

I don’t know.

I often see Helio compared to Amp’d, maybe because they started around the same or maybe because they are about the same size in terms of subscribers. So is it more or less likely that Helio will flame out? (Get it? Their logo is a little blue flame.)

I’m going to go with less likely for this reason: Helio understands that the only use case the mobile space wants to understand is communication.

Communication is a commodity with a certain degree of elasticity in its demand. Certain forms of communication have higher value, but they all have some value. (To call you and make sure that call goes through, I am perhaps willing to spend a few cents. To call 911 and make sure that call goes through, I may be willing spend thousands of dollars, depending on why I am calling 911. This is why the two best carrier marketing messages are “low price” and “fewer dropped calls.”)

I am looking at my Helio Ocean right now, and I see a focus on communication. The Fastmobile implementation of their universal inbox is great, even if it does seem to overtax the processor in the device. The new MySpace mobile app is 1000x better than the last one. Front and center is email, Yahoo messenger, AIM, Windows Live and Gmail. Their Buddy Beacon works ok. These are all communication applications, and the Ocean seems to be built around them more than it was built around the camera or the music player, which are both less prominent than the messaging functionality.

Compare to some other MVNOs:
ESPN – “Sports content” Failed.
Voce – “Really really expensive” If I am right, they shouldn’t survive.
7-11 Speak Out – “Convenient prepaid voice and messaging” Yes.
Boost Mobile – “Simple pricing, lifestyle marketing” Yes.
Bratz Mobile – “Non-aspirational brand for tweens” Probably not going to make it.
cool.Prepaid – “music, ringtones, one expensive handset” Probably not going to make it.
Disney Mobile – “for tweens, sell to parents, focus on family communication” This makes sense to me, and I think they will be successful.
Jitterbug – “Simple phones with big buttons for old people” My grandma would be offended, and I think this is really about the device and not the concierge service, so probably won’t make it.
Movida – “prepaid for hispanic community” Yes.
Tracfone – “prepaid for hispanic community” Yes.
Universal Music Mobile – “Universal Music Mobile” This should fail.
Virgin Mobile – “Prepaid youth market” Yes.

This short list shows some big brands that have failed or that will fail and some small brands that have done really well. Brand is apparently not enough in this segment – the service has to match consumer expectations, which I believe is first and foremost that a phone is supposed to be a communication device.

This is a meme we will be seeing in the mobile space for the next year: There will be scrutiny of content, including music, ringtones, games, MVNOs, mobile TV – everything having to do with content will be called into question as to its absolute or strategic value. More emphasis will be placed on communication – communication apps, tariffs, business models, marketing plans and unique consumer offerings, including which MVNOs are built around delivering solid communication value and which are not.

I wish Helio great success, but here’s a problem: No carrier builds their own proprietary applications. They use a network of outsourced vendors to integrate their innovation. That network of vendors is incented to work with as many carriers as possible, and the best ones do. This means there is no exclusive functionality on which a carrier can differentiate. “Exclusive” in the mobile space means “for a limited time” and consumers know that it is only a matter of time before an important application on one carrier makes it to their carrier.

Great. Let’s make consumers happy. But from which link on the value chain? “Lowest cost communication” is a hard message to beat, and the only network operators I would want to be running right now are Cricket or metroPCS. Beyond the irresistible basic voice and messaging value they provide to consumers, I think the sweet spot in the mobile space is broad communication applications that can be built on top of basic services, regardless of the positioning of those basic services. Games, Ringtones and Music captured a novelty market and don’t seem to growing at the hockeystick rate that messaging is, and we all know it.

Therefore, as an industry, this year we will pull hard in the direction of communication applications. Social networking, IM, better email, MMS, picture transfer and handling, group messaging, blogging and even certain LBS applications are all poised for success over the next couple of years as we figure out that what consumers really want is communication.