How interoperability could end Facebook’s death grip on social media

Reining in the power of big tech companies, including major social networks, is an idea with growing bipartisan support in Washington. Much of the debate so far has revolved around the idea of breaking up companies such as Facebook to limit their reach and influence. But such “structural remedies” require a difficult and costly court battle, and history shows that they can take a decade or more to play out. Based on comments during last week’s tech antitrust hearing in the House Judiciary Committee, it now seems possible that a more surgical approach will ultimately win the day. If one factor explains the competition problem in social media, it’s  network effects . The more members a social network onboards, the more valuable the platform becomes. After all, when all your friends and family are already on Facebook, you may feel the need to become a member in order to stay in the loop. And you might also end up spending far less time on other networks. This makes a tough road for all those Facebook alternatives out there. If past judgements such as U.S. v. Microsoft are a guide, U.S. courts don’t smile on big companies that get a competitive advantage simply by being big. One way to mitigate Facebook’s network effects would be to make it less (socially) costly for people to stay on smaller, competitive networks. That’s why the concepts of portability and interoperability are so important. Data portability proponents say that just as your phone number is portable when you switch from one carrier to another, your social identity and social content should be portable if you want to move to another competing social network. They also say that just as it’s easy for an AT&T Wireless customer to call a T-Mobile customer–because the networks are interoperable–social network users should be able to share content across networks. For example, it should be easy for a Facebook user to share social content with a friend on LinkedIn. Plenty of precedent These aren’t new concepts. As a way of giving new cellular carriers a fighting chance, the Federal Communications Commission in 1996 mandated that consumers be able to take their phone number with them from a wireline carrier to a wireless carrier, or vice versa Read More …

Online pharmacy Ro is now vaccinating seniors at home

Ro, an online pharmacy that got its start prescribing sexual health products, is now offering to vaccinate seniors at home in New York. The company is working with the New York Department of Health as well as local organizations on the effort. Seniors in Yonkers will be able to schedule an appointment through Ro’s website. Multiple people at a single location can schedule their appointments together, though all patients will have to prove they are older than 65 Read More …

A founder has an identity mini-crisis after a corporate breakup

Editor’s Note: Each week Maynard Webb, former CEO of LiveOps and the former COO of eBay, will offer candid, practical, and sometimes surprising advice to entrepreneurs and founders. To submit a question, write to Webb at  dearfounder@fastcompany.com. Q. I started my company solo but brought on a cofounder a year in. It wasn’t the right fit and I let her go, though she has equity in the company and is on my capitalization table. I’m fundraising now and not sure what to disclose to investors. Also, I’m not sure if I call myself founder, or cofounder.   –Founder (or cofounder?) of a consumer startup Dear Founder, That’s exactly what I would call you, no question. You have always been a founder and though you once had a cofounder you no longer do. I don’t think having someone on the cap table who is no longer a part of the company is uncommon. Don’t beat yourself up about the fact that the cofounder didn’t work out Read More …

Humans before hype: This investing method would make VC more inclusive

The question I find myself asking founders the most often is a simple one: “Why are you the right person to solve this problem?” One of the least inspiring (but increasingly common) responses I hear is “I’m really excited for the entrepreneurial journey and I see an opportunity here.” That’s valid. Some incredibly talented people are motivated more by the thrill of the build than by solving a specific problem. And there are plenty of investors who, inspired by their momentum, are eager to get on board. Sometimes I’m one of them. But I also know firsthand that one shouldn’t always trust and follow the hype. There was a time in the early days of TaskRabbit, the company I founded, when we were doing fewer than a hundred tasks a day, yet getting heaps of national press. Even as Diane Sawyer ran a feature on us, we were assigning jobs to our staff members because we hadn’t yet automated our Tasker onboarding processes. It’s not at all uncommon for a company that’s generating lots of press and social mentions to not yet have the numbers to back up the buzz—and that’s a necessary part of building momentum. But with overhyped companies, it’s often the case that this momentum-building isn’t meaningful to the long-term success of the company. A huge press hit, big name investor, or vanity metric milestone can belie what’s really going on at a startup. To me, what’s much more interesting than following the hype is discovering the founder who becomes obsessed with solving a specific problem because she has a personal connection to it. Caribu founder Maxeme “Max” Tuchman is a great example of this (full disclosure: Fuel Capital invested in the company’s most recent round). This Miami-based Latina founder, who has a background in education, became obsessed with finding a solution to help traveling parents read bedtime stories with their kids back home. That idea grew into a dedicated video calling app that hundreds of thousands of parents and grandparents now use to engage and connect with their kids and grandkids—a bright spot during a global pandemic Read More …

How a tiny startup is reinventing the DVR for the cord-cutter era

The rise of cord cutting and streaming video was supposed to render the digital video recorder (DVR) irrelevant. In theory, you shouldn’t need to record anything when services like Netflix and Amazon Prime make everything available on demand. But now that every big media company has its own streaming service, all that instant gratification has come at a cost. Watching TV now means bouncing between a dozen different apps, each with its own separate menu system, catalog, and watch list. Read More …