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« October 2007 | Main | December 2007 »

November 29, 2007

Digital Music in Turkey

The Turkish blog world is abuzz with the move by Turk Telekom (the Turkish broadband semi-monopoly) to offer unlimited Turkish music downloads to broadband subscribers.

The move is interesting in that it may provide a solution to the messy Turkish online music market.  All digital rights to Turkish music has so far been held hostage by MUYAP (Turkish ASCAP), who had built a service infrastructure and has been requiring any player to guarantee a $400K/year royalties.  So far, two companies had decided to pay this and sales have been dismal.

The right thing to do for TTNet (Turk Telekom's broadband subsidiary) would be to launch this new service as a platform, with extensive APIs.  There are a number of exciting applications looking to add value in this area and now it looks like a monopoly's controlling their destiny.

MoMo Istanbul December

MoMo Istanbul is on a roll these days.  After a very successful November meeting, and a keynote speech and panel at TIME Conference, we are having our December Meeting on Monday, December 3rd.  The topic is Mobile Economy.

Hope to see you there.

November 28, 2007

The Future of the Web

When TBL speaks, I listen:

"Right now, so many people are complaining that they have told one Web site who their friends are, and another one who their friends are...In five years time, I hope people will be programming not at the document level, but at the application level.  You will have something which is an application which is consistent for looking at different aspects of people. It (will use) your role as their friend for putting together a very powerful, all-encompassing view of them (online)."

Exaggeration Has Its Uses

Just saw this on Sİgnal vs. Noise and found it interesting:

The Guardian reports on an interesting study that suggests police should skip photofit composites and go with exaggerated caricatures of criminals instead.
...
A photorealistic sketch is an exercise in accuracy, but an exaggerated caricature is an exercise in identity. Of course this is just one study, but it’s an interesting look at what really matters to get a job done.

We have been noticing at Mondus that people use exaggeration in their online social networking profiles, as well.  Perhaps profiles should not be exercises in accuracy, but exercises in efficiency.  If your profile gets you interacting with the people you'd like to connect with, it's successful.

Open Wireless

gPhone turns out to be Android, previously-notoriously-closed Verizon goes open.  Is there a fundemental change in the mobile world?  This may be the best thing that's happened to the industry.

Will we see similar trends in Turkey, with its uniquely un-competitive wireless market?

November 27, 2007

TIME Conference 2007 VC Panel

For those of you attending, I am moderating a panel today at 2:30pm.  The topic is "Suggestions from Investors to Entrepreneurs".

(2) Suggestions from Investors to entrepenours
  Cem Sertoğlu (Moderatör) - Mondus.net Chief Executive Officer - SP Ventures, Managing Partner
  Haluk Zontul - Teknoloji Yatırım A.Ş., Member of the Board and Chief Executive Officer
  Yüksel Dibekoğlu - iLab Ventures, Director
  Mae Özkan - Golden Horn Ventures, Founding and Managing Partner

November 24, 2007

Aerogel

Aero
I thought this is very cool!

Aerogel, one of the world’s lightest solids, can withstand a direct blast of 1kg of dynamite and protect against heat from a blowtorch at more than 1,300C.

November 21, 2007

Newspapers Are Dying (767,898,676th Edition)

Newspaper ads in the U.S. are at a 10-year low.  Alan Mutter has a great analysis of how this is actually much worse than it seems.  This chart sums it all up:
Deepdive
On the home front, a new Turkish newspaper just got launched.  The brand new Taraf has been met with a lot of expectations, since there are deep concerns about the independence of Turkish media, with one dominant media company, and a large stake in media, indirectly, by the government.

Taraf has sold 42K on its first day.  A week later, it is reportedly selling around 11K.

Looks like another failure.

By the way, notice the lack of a link for Taraf.  You guessed it:  It does not have a website!!!

November 13, 2007

The Turks are Coming!

Honor Gunday is marking this week with an important observation:  He is getting friend requests from heavy Zurna users and he thinks this is very bad news for Facebook.

Honor is the founder of Zurna, a Turkish social network.  Like many other Turkish social networks, Zurna is home to a group of male users (whom we call Apaches here at Mondus) who tend to be extremely aggressive towards other users especially women.

As Honor analyzes in his two blog posts, Facebook now has over 1 million Turkish users.  Facebook is now the second highest-traffic website in Turkey, and Turkey provides Facebook with 3.8% of its global traffic, as the fourth hightest usage country (after th US, Canada and the UK).  These first 1m or so users aremostly elite Turks.  However, with the site's enormous popularity, it is now starting to spill outside of this 20% elite population.  Honor goes on:

As it seems so far, Facebook currently has attracted the top 20% of the population which also speaks English. If Facebook decides to launch a localized Turkish version of the site, the uneducated 80% will start to infiltrate the site, especially the men, who come from traditional hijab-wearing households with oppressed women, will start messaging the girls with obscene or unacceptable messages, leading to the exodus of the creme de la creme; with nobody (or no respectable girls) remaining on the site to message locally, then in the next stage, the Americans and Europeans will start getting random messages from these Turkish guys, leading to a linguistic and social armageddon. And that’s when Facebook becomes like Orkut.

Honor also says that he could observe this phenomenon on Orkut, where once the Brazilians arrived in hordes (incidentally, the word horde comes from the Turkish word "ordu", meaning army), they drove all other traffic away.  There's a group in Facebook called, "Don't let Facebook get localized to Turkish", so it seems that some Turkish users are afraid of the same thing.

This will be interesting to watch.  Mondus is the closest thing to a Turkish Facebook, with tight-privacy, high-trust local social networking features. We are keen to see how the Turkish invasion of Facebook develops.

UPDATE: Check out this screenshot recently captured from the Turkey network homepage.  The language Facebook_my_networks_1196434963156 on the wall would make a sailor blush!

November 05, 2007

MAdison Ave and Facebook

Scott points out an important issue:

Madison Avenue needs it pretty simple & dumbed-down. I'm betting Zuckerberg & Co won't fully get that.

It's a great point and Scott should know what he's talking about in this area.

The next question is what happens?  My guess is either Facebook's growth is faster than the models, or the revenue growth ends up slower.

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