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Living Room / Re: What we love & hate
« Last post by mouser on July 19, 2006, 04:02 PM »what i want to know is..
how long will it take before Cody has his own website?
how long will it take before Cody has his own website?
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b.t.w. If I have questions about some (different) problems I sometimes have with my computer is it possible that I can post them here or is this forum only for its own programs (Donation Coder) related?
This offer is open to about a dozen people initially. You've got to hand it to Calacanis, he is a very savvy businessman and this offer will really stir the 'community news' pot. The cynic in me says he's decided to do some 'offensive defence', to try and put the New Netscape troubles behind him. And money talks.
But put this into context of my post yesterday about Digg's stats, where I noted that a select group of digg users are highly influential, and it makes perfect business sense. Among the top diggers are people who have submitted over 1000 stories to digg, with a 25-40% success rate in getting those submissions to the digg homepage! If you do some back-of-the-envelope calculations, you quickly see that paying those top diggers $1000 per month is a pittence for what Netscape will reap - hundreds of thousands of extra pageviews per month, maybe millions. This will come from increased quantity of stories, as well as the 'quality' that Jason talks about at length in his post (unfortunately quantity still rules on the Web though).
At the end of the day, the Netscape product is a soulless reproduction of one of the most interesting cultural experiments occuring on the web right now. It was thrown at millions of mainstream Internet users (previous Netscape portal users) who don’t understand Digg and probably don’t care (yet). If anything, my bet is that total page views at Netscape have dropped since the changeover, possibly substantially. Buying users from Digg won’t change that one bit.
Talented people's time in our society is primarily engaged with money. As a result we are doubling the staff of DownloadSquad and we've increased the rate we are paying our bloggers to $10 a post on that blog (much more for features). As a result I'm sure our traffic will double over the next three months--in fact I will guarantee that it will happen. Money does change everything.
Talent wins, and talent needs to get paid. I love paying talented people so they can sleep well at night doing what they love. That's my biggest joy in business: gettin' people paid.
Before launching the new Netscape I realized that Reddit, NewsVine, Delicious, and DIGG were all driven by a small number of highly-active users. I wrote a blog post about what drives these folks to do an hour to three hours a day of work for these sites which are not paying them for their time. In other words, they are volunteering their services. The response most of these folks gave back to me were that they enjoyed sharing the links they found and that they got satisfaction out of being an "expert" or "leader" in their communities.
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We will pay you $1,000 a month for your "social bookmarking" rights. Put in at least 150 stories a month and we'll give you $12,000 a year. (note: most of these folks put in 250-400 stories a month, so that 150 baseline is just that--a baseline).
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Now, this offer is going to get a big response I know, so we're going to have to limit to a dozen or so folks.
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