Posts Tagged: Nexopia
It’s Friday and time for summing up the lessons learned this week:
- Yahoo’s (newish) CEO Carol Bartz clearly failed as a leader this week when it became public that she apparently sold Yahoo stock cashing in close to $2 million. 2 days later she declared that the sale was purely for tax reasons and that she had reacquired the stock but the damage was done as she got killed in the blogosphere and on Twitter for 2 long days of silence. I originally liked her tough talking style and thought that this might be a great way of shaping up Yahoo but the events this week also showed that she doesn’t know how to handle sensitive situations. Such an event should have required upfront open communications about the purpose of the stock sale or at least a very quick reaction after it became public and the bashing began. But by waiting a full 2 days to clarify things she failed as a leader and most likely destroyed all goodwill that she had built up in the past months.
- In the past week lists of 10 characteristics of great investors and companies made the round. Part of a great company is always how productive team dynamics are and a really good strategy meeting with Nexopia‘s management this week reminded me of some success factors: finding the right balance between praising and challenging other team members; always putting the overall company interest over your personal interest; respecting everybody’s contribution to the success of a company; using humor to take pressure of people. There are probably many more but these are some characteristics I like to see in every team.
I think that Curt Cherewayko has done a great job in this week’s Business in Vancouver describing the market opportunities for both W Media Ventures as well as Nexopia. Only correction: I am the proud father of only one (and not two) boys but what the heck….
While Facebook goes for world domination, signing up teens, parents and grandparents alike, Nexopia stays focused on the 13- to 20 years olds– this t-shirt says it all and it has been a huge hit with Nexopia’s users (and strangely enough, often with their parents as well).
Over the weekend I attended NextMedia 2008 in Banff. It was my first NextMedia conference and I was pleasantly surprised by the quality of the sessions and the attendants. A few thoughts that I took away from the conference:
- Nexopia is still one of the best kept secrets in social networking: while the site is now the 4th largest social networking site in North-America in terms of total hours spent on the site, not a lot of people in the industry know about the company and are always amazed to hear that we have more than 1 billion page views / month. Participating in the panel on “Canada’s Hottest Digital Media Innovators” definitely helped to raise our profile but we still have a long way to go to spread the word.
- Canada has some serious talent in the consumer Internet space and we are seeing more and more sizeable start-ups in this area – B5Media, Plentyoffish, Nexopia, Suite101, Metroleap or NowPublic are just some examples in a very vibrant scene.