(Credit:
Maple and Leek)
Twitter’s “suggested users” list is a Who’s Who of Twitter celebrities, featuring the likes of Al Gore, Lance Armstrong, Ashton Kutcher, John McCain, Martha Stewart, and others with millions of followers. The New York Times claimed that a spot on the list would guarantee 500,000 additional followers and reported that social media guru Jason Calacanis had offered $250,000 to be listed.
Last Friday, Twitter did something remarkable. It added a number of well-known social entrepreneurs and innovators to this list, among them Social Edge, Skoll Foundation, Kiva, Matt Flannery (Kiva co-founder), Acumen Fund, Jacqueline Novogratz (Acumen Fund founder), charity: water, GOOD Magazine, Kjerstin Erickson (FORGE founder), and Room to Read. Not knowing what was going on, Kiva’s Flannery thought there was a spam attack and complained about the 500 new users a minute he was getting. But not for long.
Twitter’s move is huge, not only because it propels social entrepreneurs to enter mainstream but also because the microblogging service--THE trading floor for attention on the Web--has decided to give away some of the attention it attracts to promote good causes. Consider it the New Socialism: a redistribution of attention, not of material wealth. What’s even more remarkable is the reaction of one of the benefitting organizations, Social Edge, which immediately sent out a message to all its new users pointing them to a list of 100 other social entrepreneurs and innovators on Twitter. Give more than you take: that’s the power of meaningful marketing and exactly the kind of giving that makes companies thrive in the ‘share economy.' Good creates more good.
There are other, even more immediate ways in which Twitter can be used for doing good. My colleague Jacob Zukerman proposed it the other day, and I found the concept instantly compelling: instant social action, enabled by Twitter. Tweet Mobs for collective action. The idea is simple: Convert all the attention on Twitter into real-world action--in real-time. With some twitter users attracting more than a million followers, their social influence is significant--why not use it for social good, especially when you can “eventize” it by creating artificially scarce moments of real-time public collaboration?
The link between tweet and deed is not new on Twitter and exists in various formats (Mashable has provided a great overview): Cause-related fundraising (Tweet fund drives) via Twitter has been made popular by Twestival, Tweetsgiving,12for12k, Tweetathon, and others. An alternate concept is Twollars, a Twitter-based currency with no hard money value that allows users to pledge money to charity using Twitter. Describing itself as “a currency of appreciation for Twitter,” it effectively connects micro-payments with micro-blogging. (Speaking of currencies, PollyTrade links Twitter accounts to E*Trade account and allows brokers to trade stock via Twitter.) And there are Tweet-Ups--offline events initiated and organized via Twitter--but in this case, too, the tweet and the deed are asynchronous. Carrotmob, a congenial social media platform for social activism, uses Twitter, but it still requires a moment of translation as well: good will and a commitment to a cause can be immediately “socialized,” however, the output--the action--still occurs via intermediary.
All these formats do not convert instantly into offline action in the way Flash Mobs do. What if followers not only follow but do (in the best “Here Comes Everybody” style)? What if Blog Action Day became Twitter Action Minute? These Twitter Mobs or Smart Tweets would capitalize on the unique combination of peer pressure, presence, location-based eventization, and of course, sheer reach. The train wreck Sarah Lacy-Mark Zuckerberg interview at SXSW 2008 was a negative example of live-mobbing on Twitter, a disaster unfolding in real-time, amplified through the synchronous meta-conversation on Twitter. The #CNNfail campaign in response to CNN’s deficient coverage of the Iranian election, was another one. The enormous power of these real-time conversations is frightening, but it is also promising. The more optimistic equation goes like this: Attention = social capital = social action. What if a group of Twitter followers all picked up one piece of garbage from the street? What if they all gave food to a homeless person? What if they exchanged money, products, hugged a stranger, etc.? And so on. It’d be a real-time, real-world transaction that would be as swift as the transactions taking place at breathtaking pace every second in the highly virtual realm of international finance. A smart attention-to-action cascade. A Good Mob.
Maybe a fantasy--but a good one.
(Credit:
Sustainable Life Media)
The Social Capital Markets (SOCAP) Conference, a landmark gathering of top business and government leaders creating market-based solutions for social impact, is taking place September 1-3, at San Francisco’s Fort Mason Center.
SOCAP brings together a unique mix of the world’s leading social innovators--traditional investors, impact investors, social entrepreneurs, philanthropists, new media, NGO’s and non-profits, wealth managers, development agencies, venture capitalists, MBA students, and other groups interested in the growing opportunities of social capital--who are catalysts of change across the globe.
Last year’s conference gathered more than 650 leading global investors and entrepreneurs from 26 countries. This year’s conference from September 1-3 in San Francisco is sold out again and features speakers from the Skoll Foundation, Participant Productions, Food Inc, GRITtv, LINKtv, Invisible Children, Global Giving, the World Economic Forum, Virgance, Kiva, Change.org, Ushahidi, McKinsey, The Economist, and many others. The opening keynote will be given by Sonal Shah, director of the White House Office for Social Innovation.
“SOCAP09 is the premier event that puts the flow of capital to social good into a context,” says Founder Kevin Jones. “In these turbulent times, social innovators in the public and private sectors, from foundations to social venture funds to development agencies to grassroots Web 2.0 activists, are working together to build a new economic foundation for the world. With our expert speakers, high-impact sessions, and exciting networking events, SOCAP09 is an essential gathering for anyone interested in the burgeoning field of social capital.”
We will be there, too, and will report back. You can also follow the conference online via:
Twitter: @socap09,#socap09
One of the main themes at TEDGlobal this year was a lively debate between optimistic and pessimistic voices on the social potential (or doom) of the web. This outlook was somewhat more somber than I expected at a TED conference, perhaps – as some attendees suspected – due to the cultural differences between Long Beach and Oxford. There was definitely a palpable sense of enlightened skepticism at the conference, a distinctly European tone that serves as welcome counterweight to the Californian brand of optimism that TED is often associated with (just read this amusingly British commentary in the Times of London).
One of the most vocal and polemic representatives of this kind of socio-techno-skepticism was Internet researcher Evgeny Morozov. Arguing that the web impedes democratization, he chastised social web apostles for naively believing that the medium is the action and scoffed at the phenomenon of “slacktivism” (saving the world one click at a time through Facebook Causes). Morozov coined some catchy terms such as “iPod liberalism” and “Spinternet: (Spin + Internet) to expose what he considers a rather one-sided view of online activism and in fact a delusional assumption about the social power of global, collective voices on the web. Morozov's biting sarcasm (“There was a time when governments had to torture people to get intelligence. Now they just need to go to their Facebook pages.”) was refreshing and welcome amidst the usual choir of politics 2.0 cheerleaders, however, he failed to provide much evidence for his heretical claims. He might indeed underestimate the smartness and agility of digital natives, especially when he questioned the role of Twitter during the Iranian protests. Sure, each new technology comes with Faustian ambivalence, but even though the Twitter protesters may not have lead to any substantial change (yet), I’d argue that the worldwide attention (and sympathy) for the cause of the Iranian people was significantly enhanced through the hundreds of thousands of Twitterers who used #iranelection (especially given #CNNfail). Was this ad-hoc Twitter community a political movement? Maybe not. But it politicized and generated social power that can instigate political change. Or does Morozov really think Obama won the election because of TV commercials and townhall meetings?
Anthropologist Stefana Broadbent added some more nuances to the discussion: She drew from research she conducted and presented some interesting numbers that prove what she calls the “democratization intimacy” – the observation that most social web users communicate with a nucleus of 1-5 people and cultivate strong ties rather than adding weak ones to their networks. In other words: They aren't expanding their circle of friends but strengthening their most important relationships. And they do this at work: According to a recent Pew study, more than 50% of office workers in the US use email and messaging services for private communications. Broadbent concluded that we are witnessing a “re-appropriation of the personal sphere:” “Through their communication channels, people are breaking an imposed isolation that institutions are imposing on them.”
Jonathan Zittrain had begun the session with a general state-of-the-web analysis that was a real shock-and-awe fireworks. It says something about the unstoppable momentum of the Internet if talks like his consist mainly of screenshots of goofy web sites like “Cats that Look Like Hitler,” social phenomena like couchsurfing, and other Internet memorabilia. Apparently, the Web is much wilder than theorists can make it. Indeed, the Internet does not have a business model, as Zittrain poignantly remarked, and yes, it is a verb not a noun. Consequently, he ended his talk with a simple: “Let’s march.”
Speaking of verbs and nouns (and marching), Aza Raskin from the Mozilla Foundation wants to bring language back into the user experience in order to turn a functional task management paradigm into what he calls “you-centric computing” – putting the user in charge, making computing human(e). And yet, as rain followed sun in Oxford this week, idealism was immediately juxtaposed with a rather melancholic interlude: a short film titled “Real Human Interface,” starring a human, imprisoned in a small (in and out)box, nurtured by a constant flow of mundane communication and tasks. A sad and lonely tale of OK Computer happiness and the 21st century answer to what Alain de Botton calls the quintessential 21st century question:
“What do you do?” – Interfacing.
(Credit:
Learning by Connecting)
"The difference between the optimist and the pessimist is that the pessimist has more facts," said Jean-Paul Betbèze, Chief Economist and Head of Economic Research Department, Crédit Agricole S.A., in a panel at the Millken Institute's Global Conference 2008 in Los Angeles a couple of weeks ago. True as this may be, his statement stood in sharp contrast to the overall vibe of the event: Yes, we can, was the prevailing sentiment, and the overwhelming majority of attendees would probably have outed themselves as fervent optimists, despite an abundance of fact-featuring PowerPoint slides supporting each of the panel discussions (I've never seen so many pie charts in my whole life). In fact, the gathered crowd was comprised of optimists with lots of money to spend on the world's most pressing problems (poverty; terrorism; population; resources; energy; environment; human rights; social justice; etc.) and may well have the power and means to solve most of them if they wanted to. Muhammad Yunus, Nobel Peace Prize laureate and micro-lending pioneer, pointed out: "We wanted to go to the moon, and we went to the moon. If we really wanted to end poverty, we would have ended it a long time ago."
After listening to him and some other brilliant minds, I felt over-inspired and under-accomplished, ready to change the world or at least my life. It was indeed a humbling experience. And yet, it stunned me to realize that many members of the powerful elite are struggling to cope with the new realities of business and society. The difference between being on top and being ahead, between being innovator and pioneer, became obvious in several of the panel discussions, particularly those that addressed the changing media landscape, the ongoing digital revolution, changing consumer behavior, and the new business paradigms that come with it.
These trends include:
- A surge in broadband penetration enabling ubiquitous content distribution and hyper-social connectivity
- The explosion of user-generated content: every minute 10 hours of video are being uploaded to YouTube
- The collection and the friction-less, platform-independent distribution of content as the next big challenge for media and communication companies
- Mobile as the new container and memory device: 85 years of video (a whole lifetime) will be able to be stored on any new iPhone in a few years
- The power shift from content providers to media distribution platforms (Comcast, Hulu, etc.)
- The consumer consuming on his own terms
- The "prosumer" as a market force to reckon with
- The wisdom of the crowds as a source of innovation ("we are smarter than me")
Lex Fenwick, the CEO of Bloomberg LP, exemplified the old guard's awakening almost in real-time. First he boasted that he invented email and created the world's most valuable user community (of 350,000 customers) "by mistake," then he warned of giving users too much control ("they may join forces to challenge your prices"). Barry Libert, CEO of collaboration software provider Mzinga, nailed him on this: "If you have something to hide from your customers, or you are afraid of giving them too much power, you have a problem." At the end, Fenwick had converted from Saulus to Paulus, from "From Me to We," and, in a cathartic turn of events, he admitted he had learned quite a bit from the panel: "Thank you for your insights. I am inspired to make a few changes to the Bloomberg community based on this discussion."
Other companies have made this leap before him: Amazon, Netflix, Virgin Mobile, P&G, Dell, and recently Starbucks are all moving from a firm-centric to a network-centric organization, building and leveraging their community of users by giving them a voice in strategy, product development, and marketing decisions. They understand that crowdsourced and peer-to-peer business intelligence helps them overcome the "not-invented-here" syndrome, reconciling "inside-out" and "outside-in" innovation. Libert: "If customers cut the red tape and re-connect with customers, that's making it easier for them to find out what they really need." Of course it's always easier to proclaim a new paradigm than defending an old one, or as someone noted on another panel: "If you're a futurist and you think ten years ahead, by the time you're wrong, no one will notice."
Jason Calacanis, founder and CEO of Mahalo and in-character as enfant terrible, thrived in the devilish charm of the futurist. In a panel on "The New Rules of PR," he joyfully exposed the insecurity of his audience. It was not so much his co-panelists -- some old-school PR pros who bravely defended their profession against his "PR is dead" claim -- but rather the ensuing Q&A that demonstrated how disturbing the new rules still are for many who have held the power in organizations for decades and find it difficult now to grasp and embrace some of the earth-shattering changes happening these days. "Should our CEO blog?" -- Yes. "How do I stay in control of my brand if our CEO gets critical comments to his blog posts?" -- Well, the truth is, you don't. Just let go. Brands are assets in the public domain. With production capabilities and financial assets off-shored and out-sourced, brands are ever more important as the only remaining indispensable value of a company, and yet they are ever more volatile. In this open-sourced, hyper-transparent economy, your customer owns your brand, and no brand platform, no brand book, no rigid compliance guidelines designed to protect your idea of your brand, can change that. Brands are social funds. Your mission is to raise their intellectual and emotional capital. The creation of brand equity is a cooperative act based on the values that you share with your customers. And, by the way, marketing's job is to promote these values, not to invent them.
In a panel on "Business Innovations that are Changing the World," Google Chairman and CEO Eric Schmidt said: "Let's not forget that the fundamental goal of any corporation is to change the world and not just to satisfy the interests of particular stakeholders." Indeed, this was the overarching theme of an economic summit that was all about social: social innovation, social media, social networks, social web, and social capitalism. What once was a noble mission is now a mandate for CEOs: the future of business is social, both in terms of raison d'etre and modus operandi. Companies that open themselves up to promoting and fully leveraging the social dimension of human beings in order to create smarter and more effective solutions for social problems will be the winners of this new social economy.
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