What we learned from Biz Stone's new book [lottery to hear him speak] - Technical.ly Philly

Business

Apr. 30, 2014 9:00 am

What we learned from Biz Stone’s new book [lottery to hear him speak]

Biz Stone will be at the Free Library of Philadelphia Thursday for a discussion set up by the release of his new book 'Things a Little Bird Told Me: Confessions of the Creative Mind." Here are three lessons we learned from his book.
Full Disclosure: Technical.ly Philly is a media partner on this event and this reporter will take part in the programming.

Behind a Twitter IPO and amid early curiosity about social search company Jelly, Biz Stone, a cofounder of both, has caught the attention of a wider world hungry for thoughts on new approaches to old ideas.

How do you first address a problem you want to solve, how to establish a platform, how to build a team and how to stay focused on a goal? Stone — more marketing and design than technologist and finance — has had the true Silicon Valley pathway, a long-road of creative thinking and a startup failure on the way to  wider success.

Tomorrow morning, Stone will be at the Free Library of Philadelphia for a discussion set up by the release of his new book ‘Things a Little Bird Told Me: Confessions of the Creative Mind,” in which, full disclosure, this reporter will interview him on stage about the social web, entrepreneurship and how creative communities are changing. Register for the $40 event here.

(This morning, we’ll be raffling off two tickets to the event on our Twitter account this morning. Watch for that.)

Here are three lessons from the book any entrepreneur could learn:

  • Great companies learn from and adapt with their users: Famously, the retweet, the hashtag and the @ reply on Twitter were conceived of by users of the service, not Twitter employees, Stone said. “Success…came from how people used the tools they were given,” he said, so companies must develop a feedback loop and act on it. (p. 68)
  • There are only three smart reasons to sell a company, Stone said: (a) you admit defeat to a competitor, (b) you’re tired of the project or (c) an acquiring company would exponentially increase your impact or goals. (p. 132)
  • In product development, don’t hide behind options: “more than 99 percent of people just leave the settings on default,” he writes, so compromising on a product by offering two solutions is “wishy-washy.”  (p. 163)
-30-
Christopher Wink

Christopher Wink is a Cofounder, Chief Executive Officer and Publisher of Technical.ly, the local technology news network. In that capacity, he is a co-organizer of Philly Tech Week, Baltimore Innovation Week, Delaware Innovation Week and other events that bring smart people together. Previously, Wink worked for a homeless advocacy nonprofit and was a freelance reporter for a variety of publications. He writes regularly about news innovation and best business practices on his personal blog here and curates a personal monthly newsletter of ideas and links here. The bicycle commuter loves cities, urban politics and squabbling about neighborhood boundaries.

Advertisement

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!