Friday, November 29, 2019

Erik Hanberg class visit


Mr. Hanberg presented an insider’s look at how versatile an entrepreneur must be in order to be successful.  He explained how a person must be abreast of new technology and must be always looking for better ways to do things as well as having more than one project going on at a time.  Diversity in finding sources of revenue seemed to be an essential part of being successful as a self-employed person.  He also emphasized the need for multiplier skills that would help someone to be able to achieve their goals.  He said that basic soft skills were essential, like writing, design, marketing, persuasion, multiple languages, psychology, etc.  Success or failure can be dependent on one’s ability to communicate effectively.  


His work as an author also showed that even beyond being a good writer, a person had to be competent in the technology available with respect to the process of publishing.  From profit to non-profit publishing, a writer had to know all the available paths to getting their work published in print or electronically and the costs associated with getting a book published.  Finding cheap methods of getting one’s work into the hands of the public are necessary because you could incur a lot of debt without even selling anything.  He mentioned some of the downsides of working in the virtual world of the internet, the first being that the work never stops and it goes on regardless of where you are.  The second, and most important, is that if you have an online presence, blog, etc., anything that you publish or say will always be there for someone to read.  Comments you made in the past, that other people might find offensive when they read them now, in or out of context, could negatively affect what you are trying to accomplish in the present. 

Sunday, November 24, 2019

The Dotcom boom and bust


The Dotcom boom and bust.


The dotcom boom, or bubble, started in the early 1990’s and was caused by the increase in use of the internet as a commercial platform.  The invention of HTTP and web browsers made access to the World Wide Web possible and were responsible for the rapid growth of companies with services available to public and private companies and individuals.  As growth in the industry increased and people became more computer literate (and purchased more computers for access to the web), the full potential of the World Wide Web in almost unlimited applications from advertising to the service industry was recognized.  This led to investors and entrepreneurs believing in the possibility of achieving huge returns and allowed for businesses to be able to raise large amounts of money to start their companies.  Companies would sell stock at initial public offerings (IPO) and this seemingly unlimited amount of capital available led to companies that were worth millions of dollars on paper but not on actual assets or products.  It came to a point where companies like Infospace.com, a search engine that provides information and had mostly virtual assets, were worth more than Boeing, an aircraft company with immense physical assets. (1)  Stock prices for these virtual industries became unsustainable in the real world of physical products.   Many companies had more money going out than coming in, spending more on infrastructure that the cash flow in return.  “After venture capital was no longer available, the operational mentality of executives and investors completely changed.  A dot-com company's lifespan was measured by its burn rate, the rate at which it spent its existing capital. Many dot-com companies ran out of capital and went through liquidation. Supporting industries, such as advertising and shipping, scaled back their operations as demand for services fell. However, many companies were able to endure the crash; 48% of dot-com companies survived through 2004, albeit at lower valuations.”(2) 


This was a story of not looking far enough into the future to see the possible end result of a new type of technology that was available and the potential ramifications of not taking all possible consequences into account.  Investors and entrepreneurs alike were blinded by the apparent abundance of profit available and did not see the looming disaster staring them in the face.


1. Andrew Fry, Lecture, 20 November, 2019
2. Leslie Barron. "Lessons of Survival, From the Dot-Com Attic," New York Times, November 21, 2008.

Thursday, November 14, 2019

A review of the film "Startup.com"


Startup.com


This was quite an eye-opening documentary about the perils of starting a company during the dotcom internet bubble.  It was an interesting perspective of what young professionals trying to start a company had to navigate through in order to be successful and then watch them fail.  You could clearly see the change in character of the subjects as the stress of the ramping up of a company began to take effect.  Indifference to the company’s goal caused one of the three founders to sell out his portion of the company, and fortunately for him he got out with some money, which did not happen with his other partners.  The CEO of the company, Tuzman, and his friend and partner, Herman, also began to have problems with their management styles, which led to Herman being forced out of his position.  It also affected other personal relationships, as Tuzman neglected his relationship with his girlfriend, which caused her to leave him.  This is what happens when problems at work start to come home.


It did seem at first that the establishment of govWorks was a rather precarious attempt by some college students, but it turns out that Tuzman was a Harvard graduate and had worked for five years for Goldman Sachs getting experience at raising capital and Tom Herman and Chieh Cheung, who had the technical expertise.  They had experience behind them, just not in forming a new company.  They had to learn the business the hard way as they had no real experience in how corporate relations worked and had to learn from their mistakes.  One major mistake was not realizing the need for security, which resulted in the theft of computers and other information which put their venture at risk.  Another was not realizing that competition is cutthroat and that they shouldn’t have invited the CEO of a competitor to come by and see their progress.  They had found a niche in providing ease in accessing government sources but should not have allowed their competition any advantage.  Another mistake was their failure to look to the future and try to adjust to problems before they arose.  They had a very reactive problem-solving style and were not proactive enough to meet and overcome business obstacles.  All of this, and the dotcom bubble burst, combined to allow their company to fail regardless of any preventative actions that they could have taken.


Thursday, October 31, 2019

A visit with Brian Forth


A visit from Brian Forth.



It was interesting to hear from someone who is on the cutting edge of information dissemination and collection.  It was encouraging from a business perspective to see that as a teacher trying to instruct his students on using HTML to construct webpages, he was able to turn his knowledge into a viable business.  His business model requires him to always be thinking about the next step he needs to take in order to keep current with the technology that is being invented and be able to apply it successfully.  He must always be considering new applications that can benefit his customer base and his business.  I believe he made some very good points about ethical decision making.  His products are used by his customers to collect information from their customers and there has to be a point where the line between the ethical use of the information collected and the potential abuse of the information collected doesn’t get crossed.  The fact that information technology has progressed far ahead of the legal systems that protect the end user is distressing.  The “virtual” rights of the public can be easily abused by someone who knows how to use the newest technology to their advantage.  I believe that many bad things can and have been done to people and as of yet there is no legal recourse to protect them from the potential forms of online predation that have yet to be regulated.  Another unfortunate aspect of personal data collection is that most consumers do not realize the depth and use of the information that they freely share online and they are not informed enough to make good decisions about who uses their information.


EPIC 2015 review


EPIC 2015: a short film about the potential information sharing capabilities that can dominate our personal lives.



EPIC 2015 shows us where the future of information sharing can go if we don’t take measures to control the data that companies can collect and share about us.  It also depicts how our society will transition from print media to electronic media.  Newspapers will cease to exist and books will become files to be read or listened to.  Probably a good thing for the environment since we won’t need to cut down as many trees to make paper products for any type of literature.  It is, however, a potential disaster for humankind if we allow personal information collection sharing to go unchecked.  We will lose any privacy that we had and we will no longer be able to trust the information that we are shown because it hasn’t been verified by any reputable source.  Even today, ‘Fake News’ has become a problem, as has been shown by Facebook’s policy of allowing political rivals post any media information they wish without ensuring the truth behind the advertisements or information they post.   This shows the need for regulation, otherwise we can and will be easily duped into believing whatever is put out for public consumption.  Verification of sources of information is essential to our survival because decisions made from intentionally distorted information can result in life or death situations.  We must ensure that the legal systems we have in place to protect us are current and reflect the nature of our rapidly advancing technology.  If we don’t, then we place ourselves in peril of victimization by any tech savvy person who understands how to effectively manipulate the information we receive to their own ends.

Thursday, October 24, 2019

My scavenger hunt experience


This is about our class scavenger hunt experience:

What surprised me? 

What is the greatest advantage of being able to find this much information so quickly? 

What is the greatest danger?



My greatest dilemma on the scavenger hunt was that I had not used Google Docs before and had no idea how to share information efficiently with my scavenger partners.  I think I slowed them down because I had to ask questions and be shown how to use the system.  They should get some extra points for expanding my knowledge base.  As to information accessibility, I was not surprised at all.  I was an investigator for the Department of State and did background checks for security clearances for the military and diplomats.  I used other official formats to gather information since information gathered from secondhand sources, like the ones we accessed, are not reliable.  I am also familiar with internet criminal activities-phishing, hacking etc. and I realize, as some people don’t, that anytime you access the internet, fill out a webpage with your information, or use social media, you are leaving an information trail that can be followed and you are allowing corporate/business entities to gather personal information on you as well as what your personal choices are with regard to products or services.  The next time you buy something on the internet pay attention to the pop-up advertisements and you will see that they are targeting products you have purchased.  If you willingly use a service such as Amazon and accept their terms, you have given them the right to monitor and share information about you.  Read the privacy notice that you must accept to get the service.  You will be amazed at what they are able to collect, use, and share about you with other services.  Social media is even worse because you are sharing personal information about yourself with anyone able to access the service, not just your circle of friends.  


The ability to share information freely is a great boon for mankind because the sharing of knowledge freely can help make our lives easier.  Knowledge that is shared can save lives.  How would we know what is going on in the world without having access to the news media?  Or survive a potential weather disaster without the Weather Channel?  Information freely shared is important but we must realize that, like all things, it can be abused by unscrupulous people.  Identity theft happens.  Your personal information can be collected and sold on the dark web.  Keep that in mind the next time you use the internet.

Tuesday, October 15, 2019

Create a simple Webpage with HTML


The HTML formatting was interesting to interact with as it seemed to be very basic and as long as you followed the rules you could format some very simple concepts on the webpage that you created in a somewhat short space of time.  The more difficult the concept, the harder the project began to be as you had to be very specific about the results that you wanted.  One of the most difficult things was to find images that you could use for free and then link them to the webpage.  I had to go to an HTML tutorial website that showed me the way the language could be used successfully the first time.  It was a lot of trial and error.  I used the website HTML.am to copy example codes and then execute them and see how it would be displayed on the webpage I was creating.  This allowed me to play with established codes that worked and then try to make them do what I wanted them to do.  I spent a lot of time trying to find things that worked and that I could use to convey what I wanted.  It took a considerable amount of time just to get things working in a manner that was not totally dysfunctional and had a somewhat coherent presentation on the webpage.  It required the naming of multiple text files as each iteration grew upon itself and then saving them as an HTML file separately.  This made it easier than to have to start over each time I made a major mistake.  I am sure that with experience you could program with less lines of input and achieve more.  I couldn't figure out how to attach this as an .html file so:


The final code: Copy and save as a .TXT file and then rename as a .HTML file and execute.

<html>

<head>

<title>Beer can make a perfect world better!</title>

</head>

<div style="background-color:pink;width:1000px;height:50px;"</div>

<body>

<h1>Beer can make a perfect world better!</h1>

                 

<p style="color:#000099;">So drink more beer!</p>



<b>In order to have a more perfect world let's all sing together!</b></body>

<br>

<br>

<div style="background-color:yellow;width:1000px;height:400px;"</div>



<br>

<br>

<marquee behavior="alternate">99 bottles of beer on the wall, 99 bottles of beer! Take one down, pass it around, 98 bottles of beer on the wall!</marquee>

<br>

<br>

<marquee behavior="scroll" direction="left">98 bottles of beer on the wall, 98 bottles of beer! Take one down, pass it around, 97 bottles of beer on the wall!</marquee>

<br>

<br>

<marquee behavior="alternate">97 bottles of beer on the wall, 97 bottles of beer! Take one down, pass it around, 96 bottles of beer on the wall!</marquee>

<br>

<br>

<marquee behavior="scroll" direction="right">96 bottles of beer on the wall, 96 bottles of beer! Take one down, pass it around, 95 bottles of beer on the wall!</marquee>

<br>

<br>

<marquee behavior="scroll" direction="down">One more time!</marquee>

<br>

<br>

<div style="background-color:green;width:500px;height:50px;"</div>

<br>

<body><i><b>Check out my Beer Wall!</b></i></body>

<br>

<img src="https://i.pinimg.com/736x/2c/f8/6e/2cf86e1c60a7ac4b8a7842805a89b1b3--corporate-design-corporate-branding.jpg



" alt="The beer on my wall!" style="max-width:100%;">

</html>