Kudos to our Mayor and our City

Read this article; DC is a city of firsts. 

We are growing; 17500 new tax payers entered the city last year as citizens. 

We have a surplus and money in the bank.

We are adding jobs. 

The city is safer. And cleaner. 

We have much work to do – but this was a positive message and a lot of good news for people who work and live in Washington DC. This one is worth a look. It doesn’t make for sensational headlines – but it does show progress and steady improvement for our economy and our businesses and our citizens.

Local and Missed Opportunities to Build Value

Here is an interesting story on local and how newspapers missed the overall media rally over the last two years.

In this story, Groupon is discussed. And its hyper growth.

Groupon today closed up on the market and now has a market capitalization of more than $15 billion.

To put that in perspective, great companies such as the New York Times have a market cap of about $1 billion. The Washington Post and Gannett each have a market cap of about $ 3 billion. McClatchy is less than $500 million.

EBay, the original local new media business, is now valued at about $43 billion. It is all about local listings, community and payments. And it attacked the classified business model of newspapers.

New media businesses that focus on the big new opportunity where local information and commerce intersect build big value. Traditional businesses that wrote the book on local seem to be shrinking. Growth is rewarded.

Out with the old and in with the new on Wall Street as it pertains to local. I was shocked to see this disparity in value of new media vs. traditional media companies. I will be speaking at an important business conference in Boston in March regarding local business and growth strategies. Click here for more info. Thank you.

1.2 Billion Users – 11 Million Websites and Pretty Woman

Social media buzz! Read this article. See which Super Bowl ads were talked about via AddThis and Clearspring Technologies. Smart way to judge if the ads worked. As if you didn’t know which ads would be shared the most?

Also to note, go to Yahoo.com. The #1 trending subject on Yahoo Search right now is – wait for it – wait for it – Brooks Laich! Followed by Stacy Kiebler. Who knew you cared so much!?

Now it can be told

Bill Simmons – of Grantland and ESPN fame – once worked for someone – who worked for someone who – worked for someone who worked for someone who worked for me at Aol. 

I was one of the co-founders of Aol’s Digital City – Bob Smith and Paul DeBenedictus helped to create it – we opened a city operation in Boston – and Bill Simmons wrote a clever little column about Boston sports. He was a talent; very ambitious and quite a good writer. 

He got his start as did many other bloggers at Aol; back in the day. 

That is the history – Bill was discovered by Aol. 

Bet you didn’t know that?

 

Chamber of Commerce launches new site

There never has been a better time to be an entrepreneur. Recently I spoke with the U.S. Chamber of Commerce as it “celebrates 100 years of representing the ideas, values and interests of free enterprise and the business community.” The chamber recently launched a new digital platform – FreeEnterprise.com. Check out a portion of my interview and the new site.