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<channel>
	<title>Philtered</title>
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	<link>http://philtered.com</link>
	<description>Technolgy, media, culture and more!</description>
	<lastBuildDate>Mon, 08 Mar 2010 10:02:41 +0000</lastBuildDate>
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			<item>
		<title>Discussing the housing bubble in China</title>
		<link>http://philtered.com/2010/03/discussing-the-housing-bubble-in-china/</link>
		<comments>http://philtered.com/2010/03/discussing-the-housing-bubble-in-china/#comments</comments>
		<pubDate>Mon, 08 Mar 2010 10:02:41 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=504</guid>
		<description><![CDATA[Today we met with Stephen Green, Head of Economic Research at Standard Chartered Bank in Shanghai. One of the biggest topics we covered was the housing bubble in China. While Stephen agrees that a bubble exists, he doesn&#8217;t think it will have the same impact as the one we recently experienced in the US. He argued [...]]]></description>
			<content:encoded><![CDATA[<p>Today we met with <a href="https://research.standardchartered.com/about/china/Pages/biography.aspx?authorId=40">Stephen Green</a>, Head of Economic Research at Standard Chartered Bank in Shanghai. One of the biggest topics we covered was the housing bubble in China. While Stephen agrees that a bubble exists, he doesn&#8217;t think it will have the same impact as the one we recently experienced in the US. He argued that you can&#8217;t compare the US bubble of the last decade with the one here today because this is essentially China&#8217;s industrial revolution, where there is such tremendous growth that a 10-20% correction would have a negligible impact on the economy.  Other arguments he cited were the continued urbanization of China and the fact owners put over 30% down. Therefore, a correction would have to be huge in order to wipe out home owner equity and impact the financial system here.</p>
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		<item>
		<title>Visiting Seoul and Shanghai</title>
		<link>http://philtered.com/2010/03/visiting-seoul-and-shanghai/</link>
		<comments>http://philtered.com/2010/03/visiting-seoul-and-shanghai/#comments</comments>
		<pubDate>Sat, 06 Mar 2010 00:41:57 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=491</guid>
		<description><![CDATA[I&#8217;m currently in Seoul and will be heading to Shanghai tomorrow. Lots of interesting meetings scheduled with entrepreneurs and tech companies to get a lay of the land over here. Best way to connect with me will be over Twitter or Facebook, as I&#8217;m checking in over wifi networks periodically as I travel.
Update 3/7: Neither [...]]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m currently in Seoul and will be heading to Shanghai tomorrow. Lots of interesting meetings scheduled with entrepreneurs and tech companies to get a lay of the land over here. Best way to connect with me will be over <a href="http://twitter.com/dicarlo">Twitter</a> or <a href="http://facebook.com/christiand">Facebook</a>, as I&#8217;m checking in over wifi networks periodically as I travel.</p>
<p><strong>Update 3/7</strong>: Neither Twitter or FB can be accessed from my hotel. Not sure if it&#8217;s just a local issue or nationwide.</p>
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		<title>Crushing Your New Job: 7, 30 and 100 Day Targets</title>
		<link>http://philtered.com/2010/02/crushing-your-new-job-7-30-and-100-day-targets/</link>
		<comments>http://philtered.com/2010/02/crushing-your-new-job-7-30-and-100-day-targets/#comments</comments>
		<pubDate>Sat, 27 Feb 2010 17:04:54 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=487</guid>
		<description><![CDATA[
Last week Fortune posted 10 tips for career success from Sukhinder Singh Cassidy, a former Googler, and now CEO at Polyvore. I worked in Sukhinder&#8217;s group for about 6 months before she took on Asia-Pac/LatAm responsibilities, and while I agree with most of the advice in her post, I would change #9 from &#8220;Go in with [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://philtered.com/wp-content/uploads/2010/02/orange-crush.jpg"><img class="alignnone size-medium wp-image-488" title="orange-crush" src="http://philtered.com/wp-content/uploads/2010/02/orange-crush-280x300.jpg" alt="" width="280" height="300" /></a></p>
<p>Last week Fortune posted <a href="http://postcards.blogs.fortune.cnn.com/2010/02/25/career-advice-from-a-google-vet-10-guidelines/?source=yahoo_quote">10 tips</a> for career success from Sukhinder Singh Cassidy, a former Googler, and now CEO at <a href="http://www.polyvore.com/">Polyvore</a>. I worked in Sukhinder&#8217;s group for about 6 months before she took on Asia-Pac/LatAm responsibilities, and while I agree with most of the advice in her post, I would change #9 from &#8220;Go in with a vision of your 100-day plan and see if it resonates&#8221; to &#8220;Go in with a 7-day, 30-day, and 100-day gameplan to see if it resonates&#8221;.<span id="more-487"></span></p>
<p>When I <a href="http://philtered.com/2010/01/columbias-13th-annual-silicon-valley-trip/">visited</a> Zynga in January, Bing Gordon introduced me to this idea of having a  7-day plan when you start a new job. He&#8217;s found that the best indicator of success for someone within a company is what they accomplish in their first week. While initially I thought it was a stretch for a new employee to have a major contribution in 7 days, the more you think about it, crushing your first week (and first month) is hugely important if you want to succeed and advance quickly within any organization.</p>
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		<item>
		<title>Wishing Hulu Showed Olympic Highlights&#8230;</title>
		<link>http://philtered.com/2010/02/wishing-hulu-showed-olympic-highlights/</link>
		<comments>http://philtered.com/2010/02/wishing-hulu-showed-olympic-highlights/#comments</comments>
		<pubDate>Thu, 18 Feb 2010 07:16:47 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=481</guid>
		<description><![CDATA[While some people are upset about the lack of live Olympic footage online, I&#8217;m just bummed that I can&#8217;t find the highlight clips. I want to see Shaun White&#8217;s gold medal run from today, but can&#8217;t find it (yes, even on YouTube).
]]></description>
			<content:encoded><![CDATA[<p>While <a href="http://www.businessinsider.com/henry-blodget-skiing-star-lindsey-vonn-is-racing-right-now-nbcs-ruining-it-for-you-on-nbcolympicscom-2010-2">some people</a> are upset about the lack of live Olympic footage online, I&#8217;m just bummed that I can&#8217;t find the highlight clips. I want to see Shaun White&#8217;s gold medal run from today, but can&#8217;t find it (yes, even on YouTube).</p>
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		<title>Loving Yeasayer&#8217;s New Album</title>
		<link>http://philtered.com/2010/02/loving-yeasayers-new-album/</link>
		<comments>http://philtered.com/2010/02/loving-yeasayers-new-album/#comments</comments>
		<pubDate>Wed, 10 Feb 2010 00:39:36 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=475</guid>
		<description><![CDATA[Sure wish I was going to their show tonight in Williamsburg. I embedded a video of them live in Los Angeles last week after the jump below.



]]></description>
			<content:encoded><![CDATA[<p>Sure wish I was going to their show tonight in Williamsburg. I embedded a video of them live in Los Angeles last week after the jump below.</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="500" height="405" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/a6VatNuR_Uk&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="500" height="405" src="http://www.youtube.com/v/a6VatNuR_Uk&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<p><span id="more-475"></span></p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="500" height="405" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/RzA2rD-_1o0&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="500" height="405" src="http://www.youtube.com/v/RzA2rD-_1o0&amp;hl=en_US&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999&amp;border=1" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
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		<title>Revenue Recognition for Virtual Goods</title>
		<link>http://philtered.com/2010/02/revenue-recognition-for-virtual-goods/</link>
		<comments>http://philtered.com/2010/02/revenue-recognition-for-virtual-goods/#comments</comments>
		<pubDate>Tue, 09 Feb 2010 06:15:11 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=470</guid>
		<description><![CDATA[
I hope all the social gaming sites are using these accounting principles for virtual goods:


When a company sells virtual currency, this is not a revenue event (even though it may clearly be a cash event). When purchased but not yet used,  virtual currency sits on the balance sheet as a customer deposit or deferred revenue [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://philtered.com/wp-content/uploads/2010/02/DebitCreditConventions.jpg"><img class="alignnone size-medium wp-image-472" title="Debit&amp;CreditConventions" src="http://philtered.com/wp-content/uploads/2010/02/DebitCreditConventions-300x170.jpg" alt="" width="300" height="170" /></a></p>
<p>I hope all the social gaming sites are using these <a href="http://abovethecrowd.com/2010/02/08/virtual-goods-accounting-and-the-power-of-the-rental-model/">accounting principles for virtual goods</a>:</p>
<blockquote>
<ol>
<li>When a company sells virtual currency, this is not a revenue event (even though it may clearly be a cash event). When purchased but not yet used,  virtual currency sits on the balance sheet as a customer deposit or deferred revenue (i.e. a liability).</li>
<li>Revenue recognition commences when virtual goods are bought with virtual currency by the consumer. Exactly how it “commences” depends on the following.</li>
<li>There are two categories of virtual goods – (1) consumable items that are used once and gone, and (2) durable items that “work” over an extended period of time.</li>
<li>For “consumable items” you can recognize revenue when it is consumed.</li>
<li>For durable items (which many are), things are much trickier. You need to amortize the revenue (linearly) over the useful life of the good, or the average life of the actual user.</li>
</ol>
</blockquote>
<p>Bill Gurley also points out that renting virtual goods (as opposed to selling them) gets around the &#8220;durable&#8221; goods requirement (#5 above), which simplifies the accounting.</p>
<p>[ From <a href="http://abovethecrowd.com/2010/02/08/virtual-goods-accounting-and-the-power-of-the-rental-model/">Abovethecrowd.com</a> ]</p>
<blockquote>
<ol></ol>
</blockquote>
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		<title>Why Hulu is Right To Block Access On Boxee</title>
		<link>http://philtered.com/2010/02/why-hulu-is-right-to-block-access-on-boxee/</link>
		<comments>http://philtered.com/2010/02/why-hulu-is-right-to-block-access-on-boxee/#comments</comments>
		<pubDate>Sat, 06 Feb 2010 22:32:25 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=464</guid>
		<description><![CDATA[
Last week when the NBCU/Comcast duo testified in Washington on their proposed merger, one of the questions that came up was about Hulu blocking access of its content to Boxee.  Shortly after the hearing ended, Boxee&#8217;s CEO posted his response, basically claiming that Boxee is just displaying the video as it would be displayed [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://philtered.com/wp-content/uploads/2010/02/zucker-at-hearing-with-comcast.jpg"><img class="alignnone size-full wp-image-466" title="zucker-at-hearing-with-comcast" src="http://philtered.com/wp-content/uploads/2010/02/zucker-at-hearing-with-comcast.jpg" alt="" width="300" height="203" /></a></p>
<p>Last week when the NBCU/Comcast duo testified in Washington on their proposed merger, one of the questions that came up was about Hulu blocking access of its content to Boxee.  Shortly after the hearing ended, Boxee&#8217;s CEO posted his <a href="http://blog.boxee.tv/2010/02/04/boxee-responds-to-nbcs-jeff-zucker/">response</a>, basically claiming that Boxee is just displaying the video as it would be displayed on Hulu, with streaming ads and all. That however, isn&#8217;t actually accurate. I left a long-winded <a href="http://blog.boxee.tv/2010/02/04/boxee-responds-to-nbcs-jeff-zucker/comment-page-1/#comment-14051">response</a> on Avner&#8217;s post, explaining why so.</p>
<p>Today the <a href="http://www.crunchgear.com/2010/02/06/maybe-hulu-is-right-to-block-boxee/">Crunchgear blog</a> played devil&#8217;s advocate, trying to see things from Hulu&#8217;s persepctive, and basically came up with the same outcome as me. Here&#8217;s my argument for Hulu blocking Boxee&#8217;s access in simple terms:</p>
<ul>
<li>Boxee is intended to replace tv viewing, whereas Hulu is intended to compliment it</li>
<li>Fragmenting Hulu&#8217;s distribution weakens their competitive position (at least for now)</li>
<li>On Boxee, Hulu loses the ability to advertise around the content (note the occasional small banner on Hulu above the video)</li>
<li>Hulu&#8217;s partners lose attribution (eg. “SNL, Saturday’s at 11:30pm, Presented by NBC”)</li>
<li>Hulu loses cross-promotion opportunities after an episode ends</li>
</ul>
<p>I&#8217;m a <a href="http://philtered.com/2009/04/breakingawayfromcabletv/">huge Boxee fan</a> and would love to see both companies work this out. The only solution I see is Hulu developing a paid app in Boxee and charging for their content. I would pay a few bucks a month (maybe even more if they increased the content available and included HD streams) — and they can even keep the ads in it&#8230;</p>
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		<title>My Winter Reading List</title>
		<link>http://philtered.com/2010/02/my-winter-reading-list/</link>
		<comments>http://philtered.com/2010/02/my-winter-reading-list/#comments</comments>
		<pubDate>Thu, 04 Feb 2010 21:35:54 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=452</guid>
		<description><![CDATA[Here are the books I&#8217;m looking to read by April.

Competition Demystified
Getting To YES (for negotiations class)
The Evolution of Cooperation (from game theory class)
The Chinese Economy (prep for my trip to Shanghai)
The Innovators Dilemma (i&#8217;m just re-reading this)

This list feels too heavy on the business side. Any new novels or less serious books you&#8217;d recommend?
]]></description>
			<content:encoded><![CDATA[<p>Here are the books I&#8217;m looking to read by April.</p>
<ol>
<li><a href="http://books.google.com/books?id=G9n_PQAACAAJ">Competition Demystified</a></li>
<li><a href="http://books.google.com/books?id=sjH3emOkC1MC">Getting To YES</a> (for negotiations class)</li>
<li><a href="http://books.google.com/books?id=KFf2HXzVO58C&amp;lpg=PP1&amp;dq=The%20Evolution%20of%20Cooperation&amp;pg=PP1#v=onepage&amp;q=&amp;f=false">The Evolution of Cooperation</a> (from game theory class)</li>
<li><a href="http://books.google.com/books?id=4ZhjQgAACAAJ">The Chinese Economy</a> (prep for my trip to Shanghai)</li>
<li><a href="http://books.google.com/books?id=lqKho8KWXmAC&amp;lpg=PP1&amp;dq=The%20Innovator's%20Dilemma&amp;pg=PP1#v=onepage&amp;q=&amp;f=false">The Innovators Dilemma</a> (i&#8217;m just <a href="http://philtered.com/2009/05/mysummerreadinglist/">re-reading</a> this)</li>
</ol>
<p>This list feels too heavy on the business side. Any new novels or less serious books you&#8217;d recommend?</p>
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		<title>Acura Sponsors WSJ.com Today as Headlines Slam Toyota</title>
		<link>http://philtered.com/2010/02/acura-sponsors-wsj-com-today-as-top-headlines-slam-toyota/</link>
		<comments>http://philtered.com/2010/02/acura-sponsors-wsj-com-today-as-top-headlines-slam-toyota/#comments</comments>
		<pubDate>Wed, 03 Feb 2010 15:10:53 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=444</guid>
		<description><![CDATA[Is this a coincidence or a well-planned attack with Acura sponsoring WSJ.com today and letting everyone read for free while all the headlines and top stories are about the crisis at Toyota?

]]></description>
			<content:encoded><![CDATA[<p>Is this a coincidence or a well-planned attack with Acura sponsoring <a href="WSJ.com">WSJ.com</a> today and letting everyone <a href="http://www.businessinsider.com/wall-street-journal-busts-its-paywall-thanks-to-acura-2010-2">read for free</a> while all the headlines and top stories are about the crisis at Toyota?</p>
<p><a href="http://philtered.com/wp-content/uploads/2010/02/WSJ-free-Acura-Toyota-2.jpeg"><img class="alignnone size-full wp-image-448" title="WSJ-free-Acura-Toyota-2" src="http://philtered.com/wp-content/uploads/2010/02/WSJ-free-Acura-Toyota-2.jpeg" alt="" width="589" height="602" /></a></p>
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		<title>Spotty Coverage on ComScore</title>
		<link>http://philtered.com/2010/02/spotty-coverage-on-comscore/</link>
		<comments>http://philtered.com/2010/02/spotty-coverage-on-comscore/#comments</comments>
		<pubDate>Wed, 03 Feb 2010 00:56:36 +0000</pubDate>
		<dc:creator>CD</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://philtered.com/?p=436</guid>
		<description><![CDATA[Occasionally I take a look at the performance of some of the content partners I worked with when I was at Google. In particular, I was curious to look at legal publishers to see how they&#8217;ve been impacted by Google Scholar&#8217;s legal search feature.
W.S. Hein, a publisher of law reviews and other legal content, has seen a [...]]]></description>
			<content:encoded><![CDATA[<p>Occasionally I take a look at the performance of some of the content partners I worked with when I was at Google. In particular, I was curious to look at legal publishers to see how they&#8217;ve been impacted by Google Scholar&#8217;s <a href="http://googleblog.blogspot.com/2009/11/finding-laws-that-govern-us.html">legal search</a> feature.</p>
<p>W.S. Hein, a publisher of law reviews and other legal content, has seen a big spike in visitors since November, as indicated by the charts below.</p>
<p>Compete&#8217;s data on heinonline.org:</p>
<p><a href="http://siteanalytics.compete.com/heinonline.org/?metric=uv"><img src="http://grapher.compete.com/heinonline.org_uv_310.png" alt="" /></a></p>
<p>&#8230;and Quantcast&#8230;</p>
<p><a href="http://philtered.com/wp-content/uploads/2010/02/heinonline-quantcast.jpeg"><img class="alignnone size-medium wp-image-438" title="heinonline-quantcast" src="http://philtered.com/wp-content/uploads/2010/02/heinonline-quantcast-300x190.jpg" alt="" width="300" height="190" /></a></p>
<p>&#8230;but ComScore didn&#8217;t have any data available for heinonline.org. It&#8217;s frustrating because Compete and Quantcast are free to use, but ComScore obviously isn&#8217;t. I&#8217;m sure there&#8217;s a valid reason for this, such as ComScore not having access to panel information from universities (I&#8217;d guess the majority of legal search traffic comes from schools), but it still doesn&#8217;t explain why ComScore can&#8217;t improve their data sources to be at least as good as the free options.</p>
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