today there is no idea . . .
is that an idea or not ?
maybe sometimes its useful to have a conversation without knowing where it may go . . . no idea day
today there is no idea . . .
is that an idea or not ?
maybe sometimes its useful to have a conversation without knowing where it may go . . . no idea day
one very very simple idea for you today, courtesy of the department of coffee and social affairs on Leather Lane (go hang out there if you havent, its very nice and not at all pretentiously threatening like its near neighbour “Prufrock” (nothing says “come in and hang out” like a TS Eliot reference eh))
anyhow, it is the day when anything goes, or certainly it is deemed socially acceptable for girls to ask their men to marry them . . . so i quite like this exhortation from my coffee friends and i dare you all, all 700 of you, go on get out and try something new today . . .
MMM is coming
Satellite of love
Satellite of love
as Lou Reed once sang
so, i spent an exceedingly pleasant few hours in the environs of Gillingham over the weekend . . . playing hockey on the oldest, sandiest astro i’ve seen in a long while – thats not that interesting – or maybe it is
maybe its an indication of the lack of investment that is going on in towns out there beyond W1, maybe the experience is an indication that not everyone is walking around apple maxed up and instead they are riding their 50cc motorbikes round and round our nice shiny middle class cars in a slightly threatening manner . . . maybe we should be asking ourselves this
if i went and sat in the high street of croydon, watford, wycombe, hemel or wondered down to the local playing fields what would i see . . . would i see people voraciously engaging in branded content or a load of bored youths and broke housewives who dont give a damn about most of my brands ? possibly neither, but you wont know unless you get out there . . .
MMM is coming
this week’s ideas will be all about dust (or stimulus in the olde worlde parlance) and the myriad places that can come from, this is because we’re celebrating the countdown to March Method Madness (so important its even got capital letters)
to start us off, the other day i was completely unable to even get started on a hairy problem . . . so i buggered off and went wondering around the west end
now whilst we wouldnt highly recommend W1 as a good source of real world inspiration, in this instance it came up trumps
below are three photos see if you can tell me for which brands . . .
thats right, only one of those is in any way distinctive
now there are a couple of interesting things in here:
1) what happens when your lovingly crafted brand gets into the hands of the retailers ? does it undermine everything you’ve done
2) the increasing prevalence of brand partnerships (on which, more later)
Well well well, Facebook is cashing in . . . or is it, here are some thought starters for you given some folk client side may be asking some questions on this “news”
Why now?
Technically once you have over 500 private shareholders the financial reporting requirements in the US in SEC terms basically become the same as being a listed company, so you may as well
What for?
Clearly with $3.7bn in revenues and $1bn in profit they make a fair amount of money, why do you need to raise more? especially with $3.8bn already in the bank . . .
Buying things has to be the answer – google did it (Youtube being the most obvious one) – but buying growth and defensive opportunities has to be the reason for generating the money.
Is it worth it?
To quote @Peston “At 22 times earnings and 120 times net profit” buying facebook shares would be a “triumph of hope but . . . ” although others have different ways of viewing it
So contextually, biggest tech IPO ever, valuation makes it worth roughly what amazon, macdonalds and a number of other business that probably own some significant and valuable assets, but ho-hum
Perhaps more interestingly the IPO filings show that 15% of their revenue comes not from advertising . . . this has to be where the growth comes from in the long term surely ? In the short term, 50% of impacts are on mobile, but mobile ads havent been turned on yet (but are being tested) and there is still some growth potential in penetration terms in a handful of places . . . 
What next?
Who knows – what would you buy with $8bn at your disposal ? i may start with Tumblr, or maybe Spotify . . . or maybe Zynga (currently trading at a value roughly equal to this war chest)
One thing we can be sure of – the data debate will rumble on – they have access to arguably the most interesting set of data points on the planet (if you like advertisementing that it), very powerful for advertisers, but then they ain’t doing owt with that anytime soon methinks . . . and discuss . . .