The other bit of news that had everyone reeling in their Aerons was the valuation of Facebook at $15billion, based on a 1.6% stake purchased by everyone’s favorite evil overlord, Microsoft, for a staggering $240million.

I admittedly haven’t read everything on the topic, but I do know this: reactions are, and will continue to be, sensational. Considering the facts, I think my buddy Ben Metcalfe laid reality out quite nicely:

Facebook, not the market, decided the $15bn

Ben goes on to tell a story about some property investors building a shopping mall who overbought residential property because the value of the land, in it’s entirety, was much larger to them on the whole.

Furthermore, I think Ben made the key point in his seesmicast: value is defined whens someone is willing to pay for it.

The $15b figure is 100% extrapolated, and nothing more, from another indicating figure (that may or may not have any basis to be extrapolated from).

Here’s the way I see it: I was a pretty active comic collector as a kid (surprise surprise). I recall buying a copy of Wizard each month, and getting excited as certain editions of some of my more collectible books were increasing in value. What I learned then, and is 100% true here as well, is that the ACTUAL value of those comic books, as they sat on my shelf next to the latest edition of Wizard, was the ACTUAL value of the paper that they were printed on. Until someone was willing to pay the value listed in Wizard (or any other value, higher or lower), the number in the pricing guide meant absolutely zilch (it may as well have been an arbitrary figure rather than dollars).

Perhaps thats a better way, a less SENSATIONAL way, of valuating things. Think about how wine is rated…a point system. That point system CAN translate into dollars…but it doesn’t have to (and in many times, it’s inverse). As soon as valuations start coming from the company instead of the market…well…nevermind. I dont want to cry wolf.

[tags]gmail, imap, facebook, microsoft, valuation, point system, ben metcalfe, comics[/tags]

Jake McKee and I will be bringing some of our experience with community building and identifying ways to create valuable conversations to a pro-blogger audience, and I’m REALLY excited to get up there with Jake as well as be in Vegas for a conference that is smattered with some of my favorite people.

I know quite a few friends who will be attending the expo so I’m looking forward to all kinds of fun while we’re in Vegas. There’s still time to register (today is last day for discount tickets, though).

If you’re going, thinking about going, drop me a note in the comments so we can plan to meet up!

[tags]vegas, blogworldexpo, b5 media, jeremy wright, jake mckee, conference, public speaking[/tags]

First off, you should know about a blog that was started during BlogPhiladelphia. Literally, in the 30 minutes of me running an open grid session, a blog was created from scratch (domain purchase to live) as a response to Scott McNulty‘s “Group Blogging” session. You can keep an eye on it’s evolution at PhillyGeeks.net. The most recent post by Viddler’s Colin Devroe, has elicited the following response from me. It’s sort of to Colin, sort of to myself, and sort of to you, the reader. Some of it requires reading his post first, which I suggest doing. In the end, I’ll likely end up taking it elsewhere, since this is effectively a brain dump.

So I apologize for any confusing direction of a message, or the language used. This is direct from my brain to your screen.

Here goes. I’m happy with the fact that I can be glad that I DIDN’T end up moving to San Fran 6 months ago. Staying in Philadelphia and resolving to uncover this culture…not dormant, simply hidden…has proven to be inspiring, to myself and hopefully to other cities going through a same self-discovery.

Colin talked about this city’s history. It’s a history of innovation. Of revolution. Of energy and inquiry. For some reason…the visibility of this kind of activity has decreased. But I don’t think it ever went away.

I’ve got a lot going on in my head right now about the value of being anywhere BUT the west coast. Not to diss the west coast, of course.

They set the bar. They run the show. If it weren’t for their inspiration and support where would I/we be right now?

And heck, I’ve never even been to San Francisco (yet) but some of my best friends are there. And they support everything we’re doing.

I realize that the biggest reason I wanted to leave this city was because I thought that the grass was greener. “San Fran has the community I’m looking for…so I’ll just go there”.

That would have been the easy way out. Instead, I scratched. I searched. I talked.

I talked a lot.

Some people might say I’ve been a broken record for the last several months. I’m always yammering on about community. Sometimes to people who might not give a shit. But you know what? Most of them did. Or at least they put up with me.

In 9 months, a completely organic community has formed from the people that put up with me. They come from all walks of Philly life. All different jobs. Talents. Aspirations.

But we share one important thing, a passion for what we do, and an interest in sharing that passion. But that’s not unique to our community…everyone wants to love what they do and to be around people who also love what they do. That’s why people in my industry move to San Francisco. They set the bar with culture…most importantly the community side of things.

I think I used to scan event calendars and get jealous that I couldn’t go to all of the meetups and events in Silicon Valley. Then I realized…why be jealous? I’ve got some kind of social prowess (or maybe, like i said before, I’ll really just talk to ANYONE about something that I think is important). Either way. What’s stopping me from pushing people here.

So that’s what I did. I started by coming in to an existing community, PANMA. I’d been lurking on their listserv for some time, contributed when it was appropriate. But this was definitively the largest gathering of industry folk we had, so it was the obvious place to start.

I’m going to go on the record to say that I quickly learned that it was going to be a difficult place to achieve my goals. I’ve heard some WONDERFUL things about PANMA in it’s heyday. Like any community though, it grew up. Its members got into a groove. They started companies. Families. It’s not unreasonable to think that those people didn’t have the same amount of time for the community that they started when they started it.

Not to say PANMA isn’t an incredible community in itself. Lots of people helping each other all the time with anything from technical problems to job postings to business best practices. It suffered from apathy, though, and a seeming lack of desire to evolve. It got into a groove, and was going to be tough to jostle out.

That didn’t stop me from trying, though. I came in and stirred the pot. Good thing I did, too, because I found some of our most dedicated members to date in that pot. And it’s never been my goal to pull people away from PANMA. We serve a different purpose than PANMA, and it serves a different purpose than our group. Like a Venn Diagram, there’s overlap, and I’m so glad that there is because I don’t think one group stands to last without the other.

Along the time I started stirring, Johnny Bilotta came along and started doing the same. At some point, it became clear that Johnny and I needed to go out for drinks. His talent as a designer was astounding, and his interest in my vision was an easy thing to detect. I don’t remember what I said to him, but it was the right thing, because since that first day he’s been all in. I’d venture to say that Johnny was our first member.

Also, getting involved with Geoff DiMasi was a pivotal moment. Geoff contacted me when Johnny and I started making noise on the PANMA list. Geoff was a Multimedia professor at UArts, a business owner in my industry, and had experience establishing a civic association in his community. He had a knack for interactive, business, and community. My hero.

Geoff got involved with Independents Hall as a partner and an adviser. He’s kept me grounded and inspired me at the same time. We clicked on ideas and execution. It was a lot of “hey i was thinking….” followed by “that’s a good/bad idea…” followed by “hey, i did that thing we talked about…”. It was natural, easy, and worked. We set goals. We made them happen. It was almost too easy.

Independents Hall evolved into a larger community, both functional and social. As an extension of business, partnerships of talent formed. Projects seemingly materialized. More and more people just “clicked”. Socializing continued, the mixing continued, and the group grew.

We started thinking about sharing space, coworking style, but we were still finding stability and purpose. The next progression was a series of events where we worked together…instead of from our homes or cafes by ourselves, we regularly started working together. Inspired by Amit Gupta’s Jelly in NYC, we moved our group around the city on a bi-weekly basis. This was another opportunity for us to find out if we could spend entire days together without killing each other, among many other positive outcomes.

We’ve been doing these sessions, dubbed the “Cream Cheese Sessions”, for about 3 months and the attendance grows each time. Until we get our own space (and likely afterwards), these events will continue, and hopefully so will their growth.

Oh, and that PANMA group? 4 of their board members frequent our circle of events, and I hope to have a good showing of IndyHall members at their summer social this week. Remember, we need to support each other.

In the beginning of May, I got an email from Brian Oberkirch tipping me off to the impending unconference that we recently experienced in the form of BlogPhiladelphia. It seems like this event, and its planner Annie Heckenberger, were a gift from some greater being that had been watching our activity. One of the goals that Geoff and I had set early on was some sort of conference, and right around the time that we were gaining momentum with our own initiatives, Annie and BlogPhiladelphia came along.

And it rocketed to the forefront of mainstream media exactly what we’d been saying for months: amazing stuff is happening in Philadelphia every day, but there’s no visibility for it, inside of the city or out.

The number one comment to me during and after BlogPhiladelphia was: “Wow, I had no idea that my neighbor was building this, or working on that”.

Whitney Hoffman, a planner for PodCamp Philly, said to me early in our conversations, “we shouldn’t need to leave the city/state/country to find out who our neighbors are and what they are doing”. And the same goes for the fact that we shouldn’t need to throw a gigantic conference to find out the same information.

I don’t have a single source of information. I search and scrape and somehow bring as much as I can together.

We need a mechanism to get out the “What’s going on” buzz, out. In my head, it’s no good. Distributed across meetup.com, upcoming.org, various blogs and forums, it’s worthless. I’m currently brainstorming a convergence of this information. To be involved, drop me a comment/email.

Ultimately the goal is to create a go-to place for all information within the industry, and an opportunity for conversations and groups to converge. More on that in another post to come.

Fingers are cramping, brain is slowing down.

What’s the point of all of this, you may be asking, if you even got this far in my rambling.

Well the lessons I’ve learned are large, but consistent. The biggest one has to do with consistency, as it were.

1) Ritual events are critical. Having events “when it’s convenient” is good, having them regularly is better. They’re easier to plan (set a repeating event in your calendar). There is less guilt when you miss one (there will always be next time). There is more opportunity to take advantage of the event. Ritual events make it easy to go, “oh, look, it’s friday, time to go cowork!”. It’s easy, it’s fun, and its advantageous.

2) You can’t do it alone. And even if you can, you can do it BETTER with support. Support networks are critical to the sustainability of ANY initiative, too, so doing it yourself is just silly if you have a long term vision. Don’t be afraid to ask for help. Just be clear of what you need, and what the return will be. ROI isn’t just a business term.

3) If you can’t find what you’re looking for, you aren’t looking hard enough. It’s ok to talk to everyone. It’s ok to be a broken record. If what you’re looking for is really, really important, you will likely have to work for it. But that goes back to #2…just because you have to do it, doesn’t mean you should do it yourself.

4) Don’t ever get to one goal without setting another one first. That’s a recipe for stagnation.

5) Write down everything. Everything. Blog it. Twitter it. Email it to yourself. Scribble it in a moleskine (thanks Josh).

Where do we go from here?
Up. Onward. Just, for the love of god, don’t stop.

A couple of afterthoughts:
First, I know I said you can’t do it alone, and neither can I. The series of events I’ve scribbled down here for you wouldn’t be ANYTHING if it weren’t for the awesome teams that helped organize them, and just as importantly, the participants.

Independents Hall is a helluva group. Coworkers. Friends.

How often are the majority of your coworkers your friends. Not as often as me, I bet, and for that I’m blessed.

Also, I started this off talking about how I almost left for San Francisco. I almost left for an opportunity to work with two of my mentors, Chris Messina and Tara Hunt. Finding them, and interacting with them, was one of the most inspiring moments (or series of moments, as it would be) in my life. When I realized that some people were just meant to work together, I felt the need to be around them. And to date, I still love any time that I can find to work with them, face to face or online. Luckily, they helped me see that what I was looking for was already all around me. Chris and Tara, thank you for sending me on this incredible journey, and congratulations on affecting so many things that I needed to dump as many as I could muster into this post.

And finally, if I didn’t thank you specifically, it doesn’t mean that I don’t appreciate something you’ve done for us. There are simply too many people TO thank, to get to them all. So globally: “Thank you”.

[tags]brain dump, Philadelphia, coworking, community, goals, messages[/tags]

my guiding thought to enter 2007, by (fellow jew) steve jobs at stanford’s 2005 commencement address:

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma - which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

I didn’t get here by shutting up. I got here by making as much noise as was appropriate, and then a little bit more.

bring it on.

[tags]new years 2007[/tags]