Big Opportunity (sorting data)

Email-overload

"The average person today receives more information on a daily basis, than the average person received in a lifetime in 1900"

"The average person gets 1 interruption every 8 minutes" **

I've written about this issue before...but the problem (aka opportunity) still exists.

One of the consequences of technology becoming cheaper, easier to use and more widely adopted is information overload. Trying to keep up with my RSS reader, Facebook newsfeed, twitter stream and email inbox is overwhelming and painful. Add in eating three meals a day, working out, holding a day job, spending time with family and watching Charlie Rose...there are not enough hours in the day.

The New York Times recently wrote a piece titled: Serendipity, Lost in the Digital Deluge which discusses Facebook and twitter "spewing a stream of suggestions about what to read, hear, see and do."

The good news, it looks like engineers are starting to attack this problem.
Recently, Hilary Mason (led scientist at Bitly) built her own application called Email Classifier- that creates a layer on top of her Gmail that sorts by importance. And Gmail just released a similar feature called "Priority Inbox" that uses machine-learing  technologies to surface your most important messages at the top of your inbox.

But I think we have a long way to go. Email is just the first "stream" to fix.
My hunch is the people who figure out ways to reduce noise and effectively sort data will win big.

Omidyar's Flexible Approach

Socialvenutres

Matt Bannick (Managing partner at Omidyar Network) recently wrote a blog post for the Harvard Business Review outlining ON's flexible investment approach. They define their bottom line as driving "societal value" and utilize grants and for-profit investments to support their mission.

Since 2004, ON has invested +$350M in over 150 companies. 57% of those dollars have funded grants and 43% for-profit investments.

Omidyar has pioneered this space -- utilizing philanthropic capital to drive large scale, catalytic impact. Some of the organizations they've supported include: Digg, Wikipedia, MeetUp, DonorsChoose, Creative Commons, Code for America, among others.

But as Matt illuminates in his post, Omidyar Network is an anomaly. Less than 1% of the capital U.S. foundations disbursed in 2007 (the last year of complete data) supported for-profit ventures. Moreover, only 4% of that 1% was invested in equity — precisely the kind of risk capital than can nurture businesses.

With hundreds of billions of dollars flowing into philanthropy over the next few decades, a big question (and opportunity) will be: How can we best deploy these funds?

More to come on this topic...

Investment strategy

Theory: Forget the market (up or down)... cost averaging great companies over a sustained period of time will produce great results.

Action: Buy 100 shares of Amazon ($AMZN) and Netflix ($NFLX) on the first of each month for the next 10 years. (starting September 1st 2010 -- September 1st 2020)

Jeff Bezos and Reed Hastings are great entrepreneurs. They are on the right side of the macro shift towards digital consumption and commerce; well capitalized, and haven't enjoyed the spotlight Steve Jobs or Eric Schmidt have.

I am long digital. I am long great products. I am long great leaders.
Below is a chart looking at the past 10yrs.

Picture_1

Great perspective (shared by Paul Graham)

Awesome blog post highlighting common themes of regret... which serves as a nice reminder or wake up call with respects to decision making.

1. I wish I'd had the courage to live a life true to myself, not the life others expected of me.

This was the most common regret of all. When people realise that their life is almost over and look back clearly on it, it is easy to see how many dreams have gone unfulfilled. Most people had not honoured even a half of their dreams and had to die knowing that it was due to choices they had made, or not made.

It is very important to try and honour at least some of your dreams along the way. From the moment that you lose your health, it is too late. Health brings a freedom very few realise, until they no longer have it.

2. I wish I didn't work so hard.

This came from every male patient that I nursed. They missed their children's youth and their partner's companionship. Women also spoke of this regret. But as most were from an older generation, many of the female patients had not been breadwinners. All of the men I nursed deeply regretted spending so much of their lives on the treadmill of a work existence.

By simplifying your lifestyle and making conscious choices along the way, it is possible to not need the income that you think you do. And by creating more space in your life, you become happier and more open to new opportunities, ones more suited to your new lifestyle.

3. I wish I'd had the courage to express my feelings.

Many people suppressed their feelings in order to keep peace with others. As a result, they settled for a mediocre existence and never became who they were truly capable of becoming. Many developed illnesses relating to the bitterness and resentment they carried as a result.

We cannot control the reactions of others. However, although people may initially react when you change the way you are by speaking honestly, in the end it raises the relationship to a whole new and healthier level. Either that or it releases the unhealthy relationship from your life. Either way, you win.

4. I wish I had stayed in touch with my friends.

Often they would not truly realise the full benefits of old friends until their dying weeks and it was not always possible to track them down. Many had become so caught up in their own lives that they had let golden friendships slip by over the years. There were many deep regrets about not giving friendships the time and effort that they deserved. Everyone misses their friends when they are dying.

It is common for anyone in a busy lifestyle to let friendships slip. But when you are faced with your approaching death, the physical details of life fall away. People do want to get their financial affairs in order if possible. But it is not money or status that holds the true importance for them. They want to get things in order more for the benefit of those they love. Usually though, they are too ill and weary to ever manage this task. It is all comes down to love and relationships in the end. That is all that remains in the final weeks, love and relationships.

5. I wish that I had let myself be happier.

This is a surprisingly common one. Many did not realise until the end that happiness is a choice.  They had stayed stuck in old patterns and habits. The so-called 'comfort' of familiarity overflowed into their emotions, as well as their physical lives. Fear of change had them pretending to others, and to their selves, that they were content. When deep within, they longed to laugh properly and have silliness in their life again.

When you are on your deathbed, what others think of you is a long way from your mind. How wonderful to be able to let go and smile again, long before you are dying.

Life is a choice.