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we must force the people to be free.

Louise Antoine Saint-Just, articulating a naked assertion of Isaiah Berlin’s notion of positive liberty

The reality is that LinkedIn has been used as a proxy expert network by many for some time now

Ross Dawson, a self-described globally recognized leading futurist, entrepreneur, keynote speaker, strategy advisor, and bestselling author, opining on the state of expert networks.

Not really. It turns out that LinkedIn went down the expert network road some time back, but to no avail. It hired management consultants. It built out a research-staff. It held preliminary discussions with hedge-funds, investment banks, and others, but in the end, it shut it down. So no, it’s not an expert network, and it hasn’t been one for some time now.

Ross is a smart guy. Why the mistake?

The mistake lies in a simple confusion of concepts. LinkedIn is a professional network. It’s organized like a directory. It has experts. You can use it to find experts, but calling LinkedIn an expert network is a lot like calling the membership-directory of the IEEE an expert network. Sure, there are a lot of talented engineers in there. You can even sort them by employer, location, and with the IEEE profile-data, very specific expertise, but at the end of the day, it’s just a more detailed phone-book. It’s a directory, and a directory does not an expert network make.

Expert networks not only allow you to find an expert. That’s the easy part — the part you can do with a directory like LinkedIn, an IEEE directory or the phone book. Expert networks provide tools to facilitate the full life-cycle of an interaction between an expert and a client. These entail the stages over which Ross glosses when he says, “It is a little more effort to negotiate terms and make payments than it is on an existing platform, but it isn’t hard to do.” That’s a lot like saying, “all you really need for a restaurant is some food and a kitchen, right?” Neither statement is all you have to worry about to get started, and neither venture is that easy.

An expert network solves three problems. First, discovery. It surfaces those experts, niche or otherwise, whom you need to know. Second, it manages the engagement from qualification to contracts and compliance to connections to compensation. Third, it builds a repository of all past connections for both experts and clients. It’s the combination of everything – the systems, policies, compliance – that makes it work. Otherwise, it’s just a directory.

LinkedIn has provided a boon to expert networks. They’ve made it immeasurably easier to discover experts and arrange to reach them. Firms like Gerson Lehrman Group, Guidepoint, Coleman Research, Cognolink and others are probably very large clients of LinkedIn’s premium features. LinkedIn has even signed a little discussed, though exclusive and expensive, marketing partnership with DeMatteo Moness, a minor expert network. Notwithstanding the exclusivity of the arrangement, DeMatteo remains a marginal player.

The evolution of expert networks is just beginning. Ross is right to expect changes, but he’s missing some of the detail that will illuminate where the model is actually headed.

He’s not alone, though. The many smokescreens, from the insider trading scandal emanating from so many connections fostered through Primary Global, to the fabulously successful IPO of LinkedIn, have either written expert networks off or suggested that they’re nothing more than a directory with a little more effort. From a competitive standpoint, it’s taken everyone’s eye off the inner-workings of what really makes them tick and scared them from even experimenting with the model. It couldn’t be a better opportunity for companies like Gerson Lehrman Group to consolidate their position in an industry defined by unrelenting growth.

With China, you have the ultimate ‘this time is different’ syndrome. Economists say they have huge reserves, they have savings, they’re hard-working people. It’s naïve. You can’t beat the odds forever.

–Professor Ken Rogoff: via NYT

This court is the strongest First Amendment court in history. The current majority uses the First Amendment as a powerful tool of deregulation that eliminates virtually all government efforts to regulate anything to do with the flow of information.

Burt Neuborne, professor, New York University School of Law, remarking on the recent 5-4 Supreme Court decisions that knocked down regulation of video games in California and the public financing law in Arizona that, perhaps uncharacteristically, provided gap financing from the state between what a candidate had and what their competitor had in an effort to level the playing field. The case brings to mind the metaphor of the marketplace of ideas, Citizens United, and the general controversy around the notion of freedom of speech. Professor Neuborne had filed a brief backing the Arizona public financing law: via Bloomberg, Scotus Blog

Retail cannot be algorithmically driven. Great retail is all about that sense of adventure and discovery. The next wave on this space is really rich social interaction, using video, using media, to achieve that.

Jules Pieri, founder of Daily Grommet, remarking on the implicit tension between algorithmic and human curation. Eli Pariser frames a similar tension with his notion of the filter bubble: via Bloomberg

The president calls this a structural issue—we usually call it progress.

Russell Roberts, George Mason University and a research fellow at Stanford’s Hoover Institution, writing in an op-ed in today’s WSJ

The structural issue Roberts floats is innovation-led unemployment, a conceit he attributes to Obama. If technology leads to productivity improvements, and with productivity improvements, employees can produce more, then employers can also produce more, but they can do it with fewer employees. For fear of this, Roberts claims that Obama is against technology, productivity, and progress.

Roberts correctly equates technology’s impact on productivity with progress, but he is wrong to suggest that President Obama is either too dim or too backward to embrace it. Read the rest of this entry »

Those who assert that taxes are rising or are at confiscatory levels simply do not know what they are talking about.

Bruce Bartlett, former adviser to Reagan, Bush (41), Jack Kemp, and Ron Paul: via NYT

The plaintiffs’ claim against the defendant for ‘hot news’ misappropriation of the plaintiff financial firms’ recommendations to clients and prospective clients as to trading in corporate securities is preempted by federal copyright law.

We conclude that in this case, a firm’s ability to make news — by issuing a recommendation that is likely to affect the market price of a security — does not give rise to a right for it to control who breaks that news and how.

Robert Sack, U.S. Circuit Judge, writing in the joint opinion of a three judge panel, via Bloomberg. The opinion does not impact Judge Cote’s findings of copyright violations by Flyonthewall, it does undermine New York’s hot news doctrine and the enduring notion of property rights for the news.

I think that it’s probably wrong, in almost all situations, to use a dictionary in the courtroom. Dictionary definitions are written with a lot of things in mind, but rigorously circumscribing the exact meanings and connotations of terms is not usually one of them…It’s easy to stack the deck by finding a definition that does or does not highlight a nuance that you’re interested in.

Jesse Sheidlower, editor at large of the Oxford English Dictionary, remarking on the place of consulting dictionaries in the court room: via NYT

It is one of the surest indexes of a mature and developed jurisprudence not to make a fortress out of the dictionary, but to remember that statutes always have some purpose or object to accomplish, whose sympathetic and imaginative discovery is the surest guide to their meaning.

Judge Learned Hand, writing in a 1945 decision

there are probably a couple of bad apples…But how many people have gotten raped and killed after using Craigslist? You can’t go blaming Craigslist for that.

“Former GLG Exec,” quoted as fuming by the Economist.

OK – it’s alternately hilarious and disgusting to think that someone would actually say something like this.

First, sorry Gerson Lehrman Group, you’re disruptive, but you’re not Craigslist-disruptive. They undermined the entire newspaper industry.

Second, the stories of murder and abuse that have imprinted themselves into the lore of Craigslist personals are deeply saddening. It is inappropriate to make light of them through such an irresponsible and deluded comparison. That the comparison was made while fuming, as the Economist reports, is even more distressing, for it suggests a measure of petulance, delusion and utter lack of sensitivity on the part of this unnamed individual that ignores the very real suffering realized by those who have been raped and killed.

Third, and the Economist alludes to this, as well, Craigslist has come under fire for having appeared to enabled those tragic circumstances. Those who believe it to be only a platform, beware. Many have called for safeguards and procedures that might protect users and prevent just such outcomes. But both the Economist and this nameless “former executive” ignore some basic facts that would belie the parallel, benefit Craigslist and illuminate some underlying strengths and lessons that expert networks could provide.

Unlike Craigslist, where participation is largely anonymous and without controls or records, participation in an expert network is diligently recorded and carefully organized according to a series of procedures, policies and systems that are designed to protect everyone involved. Quoting Alexander Saint Amand, the Economist writes, “If you want to sell inside information, this is a terrible place to do it.” If that’s the case, perhaps Craigslist would benefit from making similar investments in an effort to protect their users and prevent those horrible outcomes described.

Yes, there are lessons to be learned, and the parallel can yield benefits, but what delivers immediate comfort to me is that the individual is not a current but a former GLG exec. Such craven and mercenary comparisons with so little insight into the basic workings of either Craigslist or expert networks have no place at Gerson Lehrman Group, Craigslist or any other enterprise.

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