Why aren’t you using Quora (The future of Social Crowd Sourcing)?

It is interesting that I am writing a piece on a platform that exists on the premise of networking through Q&A and information sharing. Thus, the title has a much deeper meaning.

As a computer and mobile technology generation knee deep in the ever growing pursuit of networking, the competition is fierce for advancing niche communities and getting the attention of investors and customers. In a social networking environment, who are the true “customers”. That is you and I. The bloggers, the wall posters, the group organizers, and the passive communicator. For each piece of information we share about ourselves, HAL 3000 is running an algorithm and compiling information on our interests, lifestyle, social status and personality traits. Right now, as you read this, a virtual robotic profile is being created on you based on these hash tags, the theme of this blog and how you mapped your way to this site.

“I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to do.” – HAL 3000 (2001 A Space Odyssey)

As the complexity of the technology begins to overwhelm us, it is becoming more essential to make the tools user friendly to the common man, woman and child. Then again the youngest generation is more advanced than the Baby Boomers, Generation X and Generation Y. Take your local or national daily periodical for example. Most newspapers are written at a 4th grade reading level or below providing short summarized commentary in their respective pieces. There is a reason behind that very strategic decision and that is simplicity and ease to the targeted audience. That is not a negative commentary on society, but the acceptance that there is a full and diverse range of readers that pick up the newspapers daily.

What is Quora?

Quora is a continually improving collection of questions and answers created, edited, and organized by everyone who uses it. The most important thing is to have each question page become the best possible resource for someone who wants to know about the question.

Quora is focused on the principles of:

Accumulating knowledge
Reusable resources
Continuously improving knowledge sharing
Organized and targeted populations

Focus on the people that bear the knowledge
Co-Founders Adam D’Angelo and Charlie Cheever

What makes a website about asking and responding to questions, the future of social crowd sourcing?

First, each profile provides the option to create widget links to Facebook, Twitter and your blog. Once someone follows you or responds to one of their questions, you will see their name, avatar and immediate links to their other key social networking accounts. Within 30 seconds, I can follow back, follow and review their last ten tweets and add them as a Facebook connection. To date, I have added nearly 70 people on Facebook from Quora and not one decline. The primary reason is that the people that follow you or respond have similar backgrounds or interests based on the topic matter that they are drawn to.

Next, when you pose a question, based on key words and phrases, the system will tell you all the potentially similar questions that have already been asked and answered.

Each profile provides a summary of the type of content that the individual is sharing or researching to gives you a better feel on whether this person can have value in your pursuit of continued knowledge.

As an active member, you have the ability to follow questions. You are not required to answer a question to see what others are saying.

What if I see a question that I feel is important to others but they are not registered on Quora? You have the ability to share your question on Twitter, Facebook or an instant blog post.

The bottom line is that Quora is the most effective tool I have seen for linking up like people with like interests to the key social network and providing an avenue for deep discussion, research and resolutions.

Whether you want to know why Darth Vader’s electronics system never malfunctioned or what the five year revenue generating strategy is for Microsoft, Quora is here to answer your inquiry and connect you with the world. From coast to coast, ocean to ocean, one thing is certain, we love knowledge. That principle will not change.

Happy 72nd Birthday Bob Dylan – You have given us all direction home

“A poem is a naked person… Some people say that I am a poet.”

“A person is a success if they get up in the morning and gets to bed at night and in between does what he wants to do.”

“All this talk about equality. The only thing people really have in common is that they are all going to die.”

“Being noticed can be a burden. Jesus got himself crucified because he got himself noticed. So I disappear a lot.”

“Democracy don’t rule the world, You’d better get that in your head; This world is ruled by violence, But I guess that’s better left unsaid.”

“Don’t matter how much money you got, there’s only two kinds of people: there’s saved people and there’s lost people.”

“I am against nature. I don’t dig nature at all. I think nature is very unnatural. I think the truly natural things are dreams, which nature can’t touch with decay.”

“I consider myself a poet first and a musician second. I live like a poet and I’ll die like a poet.”

“I don’t think the human mind can comprehend the past and the future. They are both just illusions that can manipulate you into thinking theres some kind of change.”

“How many roads must a man walk down
Before you call him a man ?
How many seas must a white dove sail
Before she sleeps in the sand ?
Yes, how many times must the cannon balls fly
Before they’re forever banned ?
The answer my friend is blowin’ in the wind
The answer is blowin’ in the wind.”

“I think of a hero as someone who understands the degree of responsibility that comes with his freedom.”

“No one is free, even the birds are chained to the sky.”

Internet Bubble 2.0 + Low Interest Bond Issues = Higher Unemployment

Unless you have been living under a bubble in the last week, the first of the major Social Networking companies went public. The initial valuation of LinkedIn (LNKD) was $32-$35 a share and one day prior to the launch, it was raised to $45 a share. Before the close of the bell on Thursday May 20th, LinkedIn hit a high of $122 a share. By the end of day one, the stock soared 109% closing at $94.25 which was 592 times earnings. This is from a company that in 2010 had a net profit of $15.4 Million and just over 100 Million users, up only 10% from 2007. .

How does a company that made $15.4 Million profit in 2010 have a market valuation of over $9 Billion (7.84 Million shares outstanding)?

A few key points you need to know about this IPO:

1. Initial research indicates that LinkedIn’s valuation team was make up of professionals who have never used the service.
2. There is a belief that LinkedIn subscribers tend to have more wealth than Facebook and Twitter giving more potential power to
the advertising dollar.
3. LinkedIn’s revenue doubled between 2009 and 2010.
4. The expectation is that Zynga, Inc, Facebook, Groupon Inc. and Twitter will petition for an IPO within the next 24 months

Now for easy credit, low interest bond issues. With the Federal Reserve expected to raise interest rates, there is a mad dash for investment-grade companies to issue bonds. Between Monday and Tuesday of last week $19 Billion was issued in the US and sales in May have reached $56.7 Billion almost surpassing all of April ($59.6 Billion). The most pronounced being Google, Inc, which is putting pressure on companies like Apple, Inc and Amazon to become more cash heavy.

What does all this mean?

With additional cash flow there are a number of ways this money can be utilized. It can be poured into research & development, product modification, or mergers & acquisition. There is a realistic probability that the growth of the Social Networking IPO and the high tech/online bond frenzy could result in a number of key acquisitions in the next twelve to twenty-four months, which could result in reduction of work force to cut costs and reduce duplication. As the largest industry giants begin to utilize the cash to swallow the competition and bring more niche services/components/technology on their own playing field, this could result in a negative effect on our war to reduce the national and global unemployment rate.

Before we focus on the small percentage of people that are getting very rich form this shift in corporate ownership, we need to take a very close look at the long term affects of how these activities will determine the bottom line on jobs in the United States and abroad. With such a massive amount of attention and currency exchange on the IPO burst and bond issues, it is easy to get swept away in the glamor without seeing the true economic impact it will have.

Let us hope the government, economists, wall street and corporate America are looking out for the well being of the common man and woman. Otherwise this boom could be a huge bust.

Armageddon is upon us: My Bucket List for the End of the World

Tomorrow is the second prophetic end of the world. May 21, 2011. This is the true demise of civilization. For those believers, you will be swept away to the Heavens and for the non-believers the great quake will sink you to the pits of Hell. I don’t know that Bruce Willis can get us out of this jam.

As a way of lending my support to the impending doom that will be bestowed upon all of us tomorrow, I decided to make my Bucket List for the end of the world and I wish all of you to do the same.

1. I will finally mix pop rocks with a can of Coke and see what happens.
2. I will strike up the nerve to ask out Keira Knightley.

3. I will learn the intro to Free Bird on the acoustic guitar.
4. I would like to learn to say “Peace, Love and Happiness” in seven different languages.
5. Rescue a cat from a tree (Just such a noble thing to do).
6. Cancel Facebook.
7. Finally watch an episode of Glee (Still don’t think I will like it though).

8. Get on top of a boat and scream “I’m on top of the world”….Wait I’ve done that.
9. Buy LinkedIn Stock, start a huge viral rumor that Google is buying them and then sell for a huge profit and give the money to
charity.
10. Pretend I am Jack Bauer for just a couple of minutes…How cool would that be!
11. Learn to juggle and the find some very rare Faberge Eggs to toss around (How much fun would it be to drop them).
12. Get a list of telemarketers and start calling them at home.
13. Get to the bottom of why “Gilligan’s Island” was never a major motion picture directed by Michael Bay.

14. Swim naked in Donald Trump’s pool while singing “Just keep swimming” from Finding Nemo.
15. Find a girl, propose, get married, get divorced and then regret it all in 20 minutes.
16. Have a party with only “dogs allowed” – Snoopy gets redemption.
17. Finally try a rice krispie treat with peanut butter.
18. Walk up to a stranger and say “I’m Bond, James Bond” and walk away.
19. Meet a Fraggle, Muppet or ALF. Not picky but I want to meet one face to face.
20. Give all the special people in my life a big hug and tell them how much I love them while wearing Mork’s outfit with the rainbow
suspenders.
21. Get slimed (Sometimes you just can’t do that on television)