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	<title>Only the Wise</title>
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	<link>http://onlythewise.wordpress.com</link>
	<description>A North London perspective on the future of digital entertainment</description>
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		<title>Only the Wise</title>
		<link>http://onlythewise.wordpress.com</link>
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		<title>Social Graphs</title>
		<link>http://onlythewise.wordpress.com/2009/02/20/social-graphs/</link>
		<comments>http://onlythewise.wordpress.com/2009/02/20/social-graphs/#comments</comments>
		<pubDate>Fri, 20 Feb 2009 21:31:04 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

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			<media:title type="html">nickperrett</media:title>
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		<title>Tabula Rasa</title>
		<link>http://onlythewise.wordpress.com/2008/02/19/tabula-rasa/</link>
		<comments>http://onlythewise.wordpress.com/2008/02/19/tabula-rasa/#comments</comments>
		<pubDate>Tue, 19 Feb 2008 18:37:27 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Online Games]]></category>

		<guid isPermaLink="false">http://onlythewise.wordpress.com/?p=18</guid>
		<description><![CDATA[Aside from sounding like a Moroccan dish, the scale of the financial catastrophe that is Tabula Rasa caused some eyebrow raising at GDC. A net loss of $95m or so is rumored so far and the payback horizon looks bleek to say the least. Frankly, two things surprise me about this: Firstly, that so much [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=18&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Aside from sounding like a Moroccan dish, the scale of the financial catastrophe that is Tabula Rasa caused some eyebrow raising at GDC. A net loss of $95m or so is rumored so far and the payback horizon looks bleek to say the least. Frankly, two things surprise me about this: Firstly, that so much money was sunk into a new an unproven IP before launch (I know Lord British has a reputation &#8211; but that much of a reputation?); and second, that it was pushed onto the market clearly before it was ready and as such has tanked. I am not sure whether it represents poor financial management; poor game development process or just a strange lack of judgement,  but whatever it is NC Soft has dealt its own reputation some damage here.</p>
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			<media:title type="html">nickperrett</media:title>
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		<title>2008 predictions for the gaming industry</title>
		<link>http://onlythewise.wordpress.com/2008/01/04/2008-predictions-for-the-gaming-industry/</link>
		<comments>http://onlythewise.wordpress.com/2008/01/04/2008-predictions-for-the-gaming-industry/#comments</comments>
		<pubDate>Fri, 04 Jan 2008 13:41:46 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Online Games]]></category>

		<guid isPermaLink="false">http://onlythewise.wordpress.com/2008/01/04/2008-predictions-for-the-gaming-industry/</guid>
		<description><![CDATA[1. Music games become even bigger. Rock Band is just the start. 2. Wii continues to outsell competitors; but the new content volume lag vs PS3 and 360 could enable others to make up lost ground. 3. Virtual world hubris takes a breather. Kids worlds still mainstay as Second Life stagnates. 4. The &#8220;mass market&#8221; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=17&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>1. Music games become even bigger. Rock Band is just the start.</p>
<p>2. Wii continues to outsell competitors; but the new content volume lag vs PS3 and 360 could enable others to make up lost ground.</p>
<p>3. Virtual world hubris takes a breather. Kids worlds still mainstay as Second Life stagnates.</p>
<p>4. The &#8220;mass market&#8221; by $$ is still very much consoles. But online is growing fast so &#8220;mass market&#8221; by audience volume remains up for grabs.</p>
<p>5. A cable or TV operator will make the XBOX360 their set top box.</p>
<p>6. A TV company will create a virtual world whose user numbers outstrip anything created by the games industry.</p>
<p>7. Avatars will continue to grow across all platforms as people struggle to create a 2 or 3D online representation of their personal brand.</p>
<p>8.  EA continue to falter, losing more key talent.</p>
<p>9. Activision will not capitalise on bringing Blizzard&#8217;s online experience into its portfolio this year, but watch out in 2009.</p>
<p>10. GTA IV will sell an absolute boat load of units, showing our our animation to the world!</p>
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		<slash:comments>2</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/871f3afe35c6cb8a50f646ccbf5200dc?s=96&#38;d=identicon" medium="image">
			<media:title type="html">nickperrett</media:title>
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		<item>
		<title>Metaplace: a new vision in an emerging market</title>
		<link>http://onlythewise.wordpress.com/2007/09/19/metaplace-a-new-vision-in-an-emerging-market/</link>
		<comments>http://onlythewise.wordpress.com/2007/09/19/metaplace-a-new-vision-in-an-emerging-market/#comments</comments>
		<pubDate>Wed, 19 Sep 2007 11:47:43 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Virtual Worlds]]></category>

		<guid isPermaLink="false">http://onlythewise.wordpress.com/2007/09/19/metaplace-a-new-vision-in-an-emerging-market/</guid>
		<description><![CDATA[Raph Koster announced Metaplace at the Techcrunch 40 yesterday.  Some elements of his vision totally resonate: open; reduced barrier to entry in creation of content; platform of solid tools. Some things remain a little sketchy: Compelling content is needed to drive a good platform &#8211; this is still unproven; Do consumers want to search through thousands of worlds [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=16&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a target="_blank" href="http://www.raphkoster.com/">Raph Koster </a>announced Metaplace at the <a target="_blank" href="http://www.techcrunch40.com/2007/index.php">Techcrunch 40 </a>yesterday. </p>
<p>Some elements of his vision totally resonate: open; reduced barrier to entry in creation of content; platform of solid tools.</p>
<p>Some things remain a little sketchy: Compelling content is needed to drive a good platform &#8211; this is still unproven; Do consumers want to search through thousands of worlds like they do thousands of casual flash games vs. going to somewhere with a compelling single game/community experience like World of Warcraft?; Can they actually implement certain elements of the vision &#8211; especially a 3D client and make that work within the vision?</p>
<p>What is for sure is that it is a more ambitious and thoughtful approach to virtual worlds than any other company I&#8217;ve seen right now. So it&#8217;s a watch this space.</p>
<p> Links:</p>
<p><a target="_blank" href="http://venturebeat.com/2007/09/18/metaplace-building-a-universe-full-of-virtual-worlds/"><font color="#0000cc">http://venturebeat.com/2007/09/18/metaplace-building-a-universe-full-of-virtual-worlds/</font></a></p>
<p><a target="_blank" href="http://www.raphkoster.com/2007/09/18/metaplace/"><font color="#0000cc">http://www.raphkoster.com/2007/09/18/metaplace/</font></a></p>
<p><a target="_blank" href="http://www.gamasutra.com/php-bin/news_index.php?story=15542"><font color="#0000cc">http://www.gamasutra.com/php-bin/news_index.php?story=15542</font></a></p>
<p><a target="_blank" href="http://games.slashdot.org/games/07/09/19/0248218.shtml"><font color="#0000cc">http://games.slashdot.org/games/07/09/19/0248218.shtml</font></a></p>
<p><a target="_blank" href="http://www.techcrunch20.com/2007/session.php?session=10"><font color="#0000cc">http://www.techcrunch20.com/2007/session.php?session=10</font></a></p>
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			<media:title type="html">nickperrett</media:title>
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		<title>virtual worlds continued rapid rise</title>
		<link>http://onlythewise.wordpress.com/2007/08/14/virtual-worlds-continued-rapid-rise/</link>
		<comments>http://onlythewise.wordpress.com/2007/08/14/virtual-worlds-continued-rapid-rise/#comments</comments>
		<pubDate>Tue, 14 Aug 2007 08:57:17 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Virtual Worlds]]></category>

		<guid isPermaLink="false">http://onlythewise.wordpress.com/2007/08/14/virtual-worlds-continued-rapid-rise/</guid>
		<description><![CDATA[Club Penguin&#8217;s exit for $350m plus $350m in upside is testament to the arrival of the kids virtual world. I do believe that the Toy industry is going to benefit massively from the growing importance of virtual worlds. There are so many more opportunities to connect directly with their audience, hopefully improving creativity in the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=15&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Club Penguin&#8217;s <a target="_blank" href="http://venturebeat.com/2007/08/01/disney-buys-club-penguin-in-700-million-deal/" title="exit">exit </a>for $350m plus $350m in upside is testament to the arrival of the kids virtual world. I do believe that the Toy industry is going to benefit massively from the growing importance of virtual worlds. There are so many more opportunities to connect directly with their audience, hopefully improving creativity in the process.</p>
<p>Meanwhile, Doppelganger raised another $11m <a target="_blank" href="http://mashable.com/2007/08/13/doppelganger-funded/" title="today">today </a>which bodes well for its brand of music/MySpace content.</p>
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			<media:title type="html">nickperrett</media:title>
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		<title>Found&#124;Read &#8211; simple, effective advice. I know it works as I tried it.</title>
		<link>http://onlythewise.wordpress.com/2007/07/21/foundread-simple-effective-advice-i-know-it-works-as-i-tried-it/</link>
		<comments>http://onlythewise.wordpress.com/2007/07/21/foundread-simple-effective-advice-i-know-it-works-as-i-tried-it/#comments</comments>
		<pubDate>Sat, 21 Jul 2007 01:29:37 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Learning]]></category>

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		<description><![CDATA[The Secret&#8230; (not Oprah&#8217;s) &#8230; to talking to customers before you have a product &#8212; or even a company By mike simonsen, July 20, 2007  —  3 Comments Everyone founder knows they need to “talk to customers” and “get customer feedback” before they get too far. The other day on FOUND&#124;READ Wil Schroter pointed out [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=14&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<h1>The Secret&#8230;</h1>
<h2 class="subtitle">(not Oprah&#8217;s) &#8230; to talking to customers before you have a product &#8212; or even a company</h2>
<p>By <a href="http://www.foundread.com/person/9641-mikesimonsen">mike simonsen</a>, July 20, 2007  —  <a href="http://www.foundread.com/view/the-secret#comments">3 Comments</a></p>
<p class="alpha">Everyone founder knows they need to “talk to customers” and “get customer feedback” before they get too far. The other day on <span class="caps">FOUND</span>|READ <a href="http://www.foundread.com/view/zero-cash-plan">Wil Schroter pointed out</a> that you should talk to customers as one of the first five things to do.</p>
<p>What’s less well understood is that <strong>customers often give lousy feedback.</strong> They’re unimaginative, stuck in the status quo, and distracted. They already manage their day without your product, and life will go on if you don’t exist. <a href="http://en.wikipedia.org/wiki/Henry_Ford">Henry Ford</a> once said, “If I’d asked customers, they’d have said they wanted faster horses.”</p>
<p>How to guarantee that you’re getting good information out of your customer conversations?</p>
<p>It took me many years of pitching vaporware for venture-backed startups, and then co-foundig my own firm to discover <strong>The Secret: Use the Present Tense.</strong></p>
<p>When conducting reconnaissance with customers for your as-yet-unbuilt product, speak about it in the present tense. This is what the product does. This is how much it costs. (Even though it doesn’t, yet.) And be specific.</p>
<p>Definitely never ask: “What do you want the product to do?” or “How much would you pay?” <strong>Customers have no idea what they want.</strong> But they know they don’t want to pay for it.</p>
<p>Rather, when you use the present tense, you get immediate, usable feedback. In fact, the more specific you are about what your product “does” <em>now</em>, the better your results will be.</p>
<p>Compare the two techniques: <strong>Hypothetical v. Present Tense</strong></p>
<p><strong>Hypothetical:</strong><br />
<strong>You:</strong> “What what would you like our product to do?”<br />
<strong>Customer:</strong> “What I’ve been thinking about is…X, Y, Z.” (Read: something totally wacky and way outside your vision or expertise.)</p>
<p><strong>Present Tense:</strong><br />
<strong>You:</strong> “We’re building our company, here’s the problem we saw. So we built Product X. It does this and this and this.”<br />
<strong>Customer:</strong> “But does it do X, Y, Z?” (Read: completely obvious incremental feature that you’ve totally missed so far.)<br />
<strong>You:</strong> “Not yet, but that’s a great idea. Tell me more. How/when/why do you need that?”<br />
(By your next customer meeting you can decide if the product “does” that too!)</p>
<p>The corollary is that describing your product this way, <strong>using the present tense draws out important pricing information you need, too.</strong> When a customer has a product that meets at least some of his needs, his next question is, “How much does it cost?”</p>
<p>Again, the right way to handle this is not, “How much would you spend?” He wants it to be free. <strong>The right way is to say, “It costs $X.”</strong> Your most valuable insight is in his reaction. Did he jump out of his chair? Cringe? Write it down? (Now we’re getting somewhere!) Again, <strong>specificity implies action-ability to the customer.</strong> Usable insights come from actions.</p>
<p>By the way, it’s perfectly OK to say the product isn’t yet available. Because the absolute best result you’ll get when talking to early customers is a question –”When can I get it?” (Bingo! Stop the Release 1 feature set right there.)</p>
<p>The present tense gives the customer a concrete object to grab onto. <strong>Using the present tense shows you’re for real.</strong> Customers don’t buy ideas, they buy things. Once he has the thing, you’ll learn what you came to learn. What his needs are, how your product fits his needs, and how much he pays for these types of things. Mission Accomplished.</p>
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			<media:title type="html">nickperrett</media:title>
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		<title>Harvard Business School</title>
		<link>http://onlythewise.wordpress.com/2007/07/21/harvard-business-school/</link>
		<comments>http://onlythewise.wordpress.com/2007/07/21/harvard-business-school/#comments</comments>
		<pubDate>Sat, 21 Jul 2007 00:55:14 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Learning]]></category>

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		<description><![CDATA[Starting today. Very excited. Here&#8217;s the scoop: http://www.exed.hbs.edu/programs/pld/<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=12&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Starting today. Very excited. Here&#8217;s the scoop: <a href="http://www.exed.hbs.edu/programs/pld/">http://www.exed.hbs.edu/programs/pld/</a></p>
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		<title>Trion World Network raises $30m</title>
		<link>http://onlythewise.wordpress.com/2007/07/10/trion-world-network-raises-30m/</link>
		<comments>http://onlythewise.wordpress.com/2007/07/10/trion-world-network-raises-30m/#comments</comments>
		<pubDate>Tue, 10 Jul 2007 12:12:44 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Online Games]]></category>

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		<description><![CDATA[Worth reading this article on Buttler&#8217;s 20-year vision for games, although it says little of what Trion are actually doing. I am not sure I&#8217;d be so scathing as Raph Koster is here, because they do talk about opening the platform up to many third parties to develop content (so it comes down to how the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=11&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Worth reading <a target="_blank" href="http://www.worldsinmotion.biz/2007/07/trion_raises_30_million_from_m.php">this </a>article on Buttler&#8217;s 20-year vision for games, although it says little of what Trion are <em>actually</em> doing. I am not sure I&#8217;d be so scathing as Raph Koster is <a target="_blank" href="http://www.raphkoster.com/2007/07/09/an-eye-on-trion/">here</a>, because they do talk about opening the platform up to many third parties to develop content (so it comes down to how the police/control content creators), but interesting. My take would be more like &#8211; is $30m enough to execute that vision &#8211; sounds too cheap!</p>
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			<media:title type="html">nickperrett</media:title>
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		<title>Sequoia Capital</title>
		<link>http://onlythewise.wordpress.com/2007/07/06/sequoia-capital/</link>
		<comments>http://onlythewise.wordpress.com/2007/07/06/sequoia-capital/#comments</comments>
		<pubDate>Fri, 06 Jul 2007 22:59:00 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Venture Capital]]></category>

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		<description><![CDATA[There have been a few posts around about how great Sequoia&#8217;s website is for a basic tip sheet on business plan development. They are right. It&#8217;s one of those &#8220;I knew that&#8221; but couldn&#8217;t quite put it down on paper so succinctly. http://www.sequoiacap.com/ideas/<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=8&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>There have been a few posts around about how great Sequoia&#8217;s website is for a basic tip sheet on business plan development. They are right. It&#8217;s one of those &#8220;I knew that&#8221; but couldn&#8217;t quite put it down on paper so succinctly.</p>
<p><a href="http://www.sequoiacap.com/ideas/">http://www.sequoiacap.com/ideas/</a></p>
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		<title>Why Ning?</title>
		<link>http://onlythewise.wordpress.com/2007/07/06/why-ning/</link>
		<comments>http://onlythewise.wordpress.com/2007/07/06/why-ning/#comments</comments>
		<pubDate>Fri, 06 Jul 2007 22:52:00 +0000</pubDate>
		<dc:creator>nickperrett</dc:creator>
				<category><![CDATA[Social Networking]]></category>

		<guid isPermaLink="false">http://onlythewise.wordpress.com/2007/07/06/why-ning/</guid>
		<description><![CDATA[An interesting dialogue on what Ning is and aspires to be, plus a comment from me: http://blog.pmarca.com/2007/07/why-ning.html Marc&#8217;s blog on start-ups is also quite excellent.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=onlythewise.wordpress.com&amp;blog=1348743&amp;post=7&amp;subd=onlythewise&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>An interesting dialogue on what Ning is and aspires to be, plus a comment from me:</p>
<p><a href="http://blog.pmarca.com/2007/07/why-ning.html">http://blog.pmarca.com/2007/07/why-ning.html</a></p>
<p>Marc&#8217;s blog on start-ups is also quite excellent.</p>
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