Archive for June 2010


How to make $140k in 13 seconds

June 23rd, 2010 — 7:14pm

Start with an amazing Tim Howard outlet throw, add in a great Landon Donovan run, a layoff to a streaking Jozy Altidore, low driven cross to Clint Dempsey, a stellar save by the Algerian keeper (who was their best player all day), and then top it all off with Landon crashing in for the rebound and slotting away the goal to move the US on to the next round of the World Cup.

This was incredible, one of the top sports moments of my life. The US outplaying Algeria for 90 minutes, coming so close so many times, then having that dread set in that we wouldn’t be able to make it out of the group stages. All of it washed away in a brilliant counterattack marked by outstanding efforts from everyone involved.

I don’t think that this will propel the US to a World Cup in any way, but I have to believe that the tension of the match, the fight in the players, the passion of the crowds, and the euphoria of the win will help show a few borderline fans why the rest of the world loves this sport so much.

As for the $140k part, here’s the explanation from the MLS Insider blog.

If Donovan didn’t score the goal, the players would each walk away with $101,925.65. But because of the goal by Donovan, and if the players do not advance further, they each get $241,490.86….A DIFFERENCE OF $139,565.21!!! Somebody better buy the man a steak!!!

For comparison’s sake, here are the yearly salaries of the four MLS players on the US roster (full list available here)
Jonathan Bornstein – $100,000
Edson Buddle – $178,448
Landon Donovan – $2,050,000
Robbie Findley – $73,566

Outside of Landon (who has officially banished the Landycakes nickname with his performance this World Cup) that’s a pretty stellar raise for everyone, especially Robbie Findley who just quadrupled his yearly earn. Good for all of you guys, you deserved it.

As for the reaction around the country, here are some videos that I will never get tired of watching:

Portland, OR

Seattle, WA

Baton Rouge, LA

Lincoln, NE

Kansas City, MO

New York, NY

Las Vegas, NV

San Diego, CA

Anyone else from other cities who has some, let me know in the comments and I’ll put ‘em up! I can’t get enough of this.

View Comments | Sports

What 10 Years Means

June 21st, 2010 — 9:00am

There was an eye-opening post on the arstechnica forum yesterday (greatest first post ever?) that compares the internal power of a 2000 iMac computer with the new iPhone 4 set to be released this Thursday. I’m no regular over there, but this comparison has been spreading across this nerd-o-sphere pretty quickly since then.

2000
iMac
Operating System – Mac OS 9.0.4
Processor – 500 MHz PowerPC G3 CPU, 128MB Memory
Graphics – ATI Rage 128 Pro, 8MB of memory (8 million triangles)
Screen – 786K pixels
Data Transfer Speeds – 1.3-12.5 MB/s (DVD-ROM-1/100 Ethernet)
Storage – 30GB Hard Drive
Dimensions – 15.0 x 15.0 x 17.1 inches
Weight – 34.7 pounds

2010
iPhone 4
Operating System – iOS 4.0
Processor – 1 Ghz ARM A4 CPU, 512MB Memory
Graphics – PowerVR SGX 535, uses system memory (28 million triangles)
Screen – 614K pixels
Data Transfer Speeds – .04-20MB/s (3G-WiFi)
Storage – 32GB Flash Drive
Dimensions – 4.5 x 2.31 x .31 inches
Weight – 4.8 ounces

View Comments | Random

Fred Wilson – 10 Ways To Be Your Own Boss

June 19th, 2010 — 10:18am

A great 20 minute talk from Fred Wilson about 10 ways to be your own boss.

I would also recommend checking out the comments of when he posted this on his blog. Fred’s comments section is one of the best places to see smart people gather and share their opinions.

View Comments | Startup

Books 16 and 17: ESPN The Company and Huck Finn

June 13th, 2010 — 7:15pm

Two books, short reviews this time.

First, ESPN The Company. This book was written by Dr. Anthony Smith who worked for a number of years as a consultant for ESPN. He lays out the fascinating history of how the company was started in rural Connecticut and how the network was able to develop and sustain the competitive advantages that make it the most profitable cable channel. It was exactly the type of thing I was hoping for when I said I wanted to read more non-fiction that was about creators rather than just business strategy. Only this time, instead of a profile on a person it was a profile on the whole company.

My favorite story about the company involves how it got started broadcasting NASCAR. At the time producers were calling around to every team they could find a number for and trying to get highlight packages or game tapes from them to show. Unlike the ESPN we’re used to, back in those days they would fill up 24 hours of programming with things like tractor pulls or regional bowling tournaments. They got the idea to do flag-to-flag broadcasts of auto races because, according to Steve Bornstein, ESPN’s President at the time, three and half hours of coverage for a 500 mile race was “a hell of a lot easier than coming up with three different one-hour programs.”

That was the kind of risk-taking and forward-thinking that helped grow ESPN into a force so powerful it rebrands the ABC network for sports broadcasts. The number of people who saw the benefits of satellite broadcasting was very small, but those pioneers, people like Ted Turner at TBS, Charles Dolan at HBO, and Bill Rasmussen of HBO, were able to have a huge impact on how we watch TV today. I wondered while reading it who the pioneers are going to be that finally get over-the-internet broadcasting right. Those people will be the next batch of media moguls.

The second book got me was Adventures of Huckleberry Finn and just about back on track with my 20% fiction requirement. I know this seems ridiculous, but I had never actually read Huck Finn. I’d read portions of it, was familiar with the idea, but had never read the entire story.

There is, of course, the famous quote from Ernest Hemingway on Huck Finn:

All modern American literature comes from one book by Mark Twain called Huckleberry Finn. It’s the best book we’ve had … There was nothing before …

But the version I read also has a great introduction by George Saunders. He spends about 25 pages lauding Twain and his book and there was one passage comparing Huck Finn and Tom Sawyer that I thought was incredible for its simplicity and accuracy. For your benefit, and because I couldn’t find that exact version of the book to link to so you could buy it, I’ve copied it out below.

Tom and Huck, of course, correspond to different parts of their creator. Tom, perhaps, to that part of Twain that longed for acceptance from the Snooty East, and Superior Europe, and distrusted the Huck part – so crude, wild, backwoodsy, and unschooled. Literary characters can come only from their creator’s psyche, but in this case – maybe because Twain’s psyche was such a specimen psyche, and because he had such unfettered access to it – his personal binary was also a critical national one: Huck and Tom represent two viable models of the American Character. They exist side by side in every American and every American action. America is, and always has been, undecided about whether it will be the United States of Tom or the United States of Huck. The United States of Tom looks at misery and says: Hey, I didn’t do it. It looks at inequity and says: All my life I have busted my butt to get where I am, so don’t come crying to me. Tom likes kings, codified nobility, unquestioned privilege. Huck likes people, fair play, spreading the truck around. Whereas Tom knows, Huck wonders. Whereas Huck hopes, Tom presumes. Whereas Huck cares, Tom denies. These two parts of the American Psyche have been at war since the beginning of the nation, and come to think of it, these two parts of the World Psyche have been at war since the beginning of the world, and the hope of the nation and of the world is to embrace the Huck part and send the Tom part back up the river, where it belongs.

I hope he doesn’t mine me copying this, but in reading passages like this I know that I’ll never be able to put words together like that.

View Comments | Books

Can StarStreet Sports get this right?

June 6th, 2010 — 3:03pm

StarStreet Sports is the latest company to throw their hat into the “stock market for sports” ring. Brad Feld has a post up with a little information on this TechStars company and a piece they did for CNN recently. Between my love of sports and background of gambling to pay my way through undergrad there is obviously some interest here. In fact, I’ve written about the idea of finding new ways to monetize sports fans a couple times.

My favorite part of the Feld post isn’t really the content, it’s the comments. The StarStreet founder shows up to answer some of the standard concerns that I think anyone who follows this niche would have after watching ProTrade and OneSeason fail.

First concern: How do you convince people to invest when there is no hard asset behind it?
This is a huge issue and one that none of the earlier companies solved. You can’t have tangible value behind the “stock” because the team isn’t actually selling shares of itself. You can’t have contracts that pay out after certain events, a la Intrade, because that falls in to the dreaded gambling category (Intrade is based in Ireland, which is how they do it).

Now, I assume that StarStreet would argue that there is tangible value through the payout they give at retirement. When a player retires, their current sell price would be paid out to all shareholders, and that would act as the main point of value creation. That’s a very interesting wrinkle and something that is a HUGE improvement over OneSeason’s continued trading on retired players.

There is apparently more about their pricing strategy, which goes beyond the simple supply-and-demand strategy, explained on their website. Unfortunately that page seems to be down at the moment so I can’t see exactly what the difference is outside of the fact that it’s a zero-sum pricing mechanism.

Second concern: What do you do when the leagues team up against you?
The professional sports leagues in America hate being associated with gambling, or at least have to pretend like do. The NFL and NCAA came out strongly against Deleware’s new law last year where they used an old loophole to legalize “sports lotteries” on these two sports. Other leagues didn’t say anything, but they also were not affected by the legislation. Because Deleware did not have basketball, baseball, hockey, soccer, etc gambling before the 1992 gambling bill those sports were not eligible for the grandfather clause.

If the leagues see a service like this as gambling they are likely to force the removal of any and all use of team and athlete names, which makes the site seem much less professional and obviously unsanctioned. In fact, it wouldn’t surprise me at all if this is one reason why they started their beta with the World Cup. People can’t really regulate the use of country names.

Still, while these are just two of the many issues that will make a venture like this difficult, the StarStreet founder seems pretty convinced that what he’s doing can work, and that’s one of the big first steps. There’s no doubt that we have a lot of rabid sports fans in this country, but the question still remains: are they willing to put their money where their mouth is?

View Comments | Sports, Startup

Book 15: The Third Policeman

June 3rd, 2010 — 10:40am

It took 9 books, but I finally got back around to reading a second fiction book. The Third Policeman by Flann O’Brien (a pen name for Brian O’Nolan) came to me on two fronts: first was the fact that it was featured on Lost, and second was a recommendation by Keith McGreggor during the weekly Atlanta startup breakfast when everyone was talking about the Lost finale.

I haven’t read a lot of Irish literature. No James Joyce, no Oscar Wilde, very little Samuel Beckett, etc. Mostly because, let’s be honest, that stuff is VERY hard to read. It’s weird to describe the difficulty because the words all makes sense, it’s just that they treat the novel like a test you have to pass. You can mostly blame Joyce, he took it to another level of confusing and O’Nolan builds on that foundation.

The story centers on an unnamed protagonist who is searching for a black box. He and his partner killed a rich old man many years ago and he is looking for the money so they can split their spoils. During his journey he comes across the ghost of the old man, the leader of the one-legged men, a pair of policemen obsessed with bicycles, and an underground lair where time stands still. All of this is surrounded by the constant talk of a fictional philosopher De Selby, who the narrator is obsessed with and who basically rejects all physical laws of nature.

It’s a very satirical novel. I’m probably not a good enough reader to get the most out of the jokes since I had to spend so much time going back over passages, but it’s got some good chuckles. It also has some great plot points that very clearly made an impact on the writers of Lost. Lostpedia does a tremendous job summarizing all of the similarities, but there are a few that I picked up on, such as the similarities with Jacob’s cabin, the truth of the box, and the interchange between the narrator and the third policeman near the end that is very similar to Jack and his dad’s talk during the Lost series finale.

If you are well versed in tough literature or willing to put up the fight to get through this book (it’s not a quick easy read) and you like Lost it’s probably for you. I won’t say that it’ll solve Lost for anyone, but it may help give you an extra little idea where the creators were coming from.

Buy The Third Policeman

Comments Off | Books

A couple side projects

June 3rd, 2010 — 9:16am

I’ve been keeping busy lately with side projects as I continue networking and trying to find the perfect job. Obviously one of my passions is soccer and one of the least appreciated parts of American soccer (and that’s saying something) is the US Open Cup. This is the longest continually running soccer competition in the world with a trophy awarded every year going back to 1914.

While it’s not the most well respected competition out there, the people at www.thecup.us do a wonderful job reporting on it and working hard to raise awareness. I had made contact with Josh, the senior editor there, and actually worked to help retool their bracket. You can see my work here: http://thecup.us/2010-lamar-hunt-u-s-open-cup-bracket/

Obviously I’m no web design guru, but I think it’s pretty decent and has a lot of opportunity to provide some dynamic content that their excel spreadsheet image couldn’t. Plus it’s cool to get to help out with something that I like so much.

Another little project that may be turning more serious is some work I’ve done with a couple Georgia Tech people. It’s the output of a few professors from Purdue and Georgia Tech who run the VIP Program at their respective schools. What this does is allow students to work on multi-year projects that deal with professors’ research and also gives them practical experience that many have leveraged to get jobs at great competitive companies like Google and Microsoft.

Last semester a friend of mine at the GT MBA program did a study on the feasability of commercializing some of this technology. We’re still in the research stage, albeit the final parts of it, but it looks like this may be something that they could move forward with. If that is the case, it would be a really cool opportunity to work with a group that is trying to improve the in-stadium experience for fans who are increasingly choosing to watch games in front of their 60 inch HDTV’s with DVR rather than go spend 3 hours seeing it live.

Comments Off | School/Work, Sports

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