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Archive for the ‘Business’ Category

Rock Off

Wednesday, February 20th, 2008

Rock OnWired gave it a 9/10 review, but I absolutely hated Dan Kennedy’s Rock On.  Based on Wired’s write-up, I was excited to find an unread review copy sitting in our New York office.  Perfect travel book, right?  Took it on the plane and hated every minute of it, except possibly for the explication of Jewel’s bizarre 0304 album.  If you don’t like the job and you don’t like the people you work with, great, get a new job; but don’t hang on to it for two years and then piously write about how you were the only smart or “pure” guy in the room.

The only hook here is that (ostensibly) it’s about the music business.  It isn’t; no insights whatsoever into its demise.  Oh, sure, the suits don’t feel the soul of the product; executives playing out of position make poor decisions; changes in technology can overwhelm a company.  But this is news? Really, this is just a litany about working a crap office job — and you can go to a cocktail party and find that story any day.

So bad, it makes me not trust Wired‘s book reviews ever again.  Nice work, Wired.

You know… For kids!

Monday, January 21st, 2008

18knerrspan.jpgHere is another lost piece of post-war Americana – the wacky inventor entrepreneur. Richard Knerr was one of the founders of Wham-O, which introduced the Hula Hoop, the SuperBall and the Frisbee, among other things.

The only place you’ll see this kind of guy today is on late night infomercials – or getting ready to call on a VC about his new web site.  In a big box retail world, it’s hard to imagine the Frisbee even making it past the buyer, much less becoming a large-enough hit that each home would have several.

In the first year, Wham-O sold as many as 40 million hoops; by 1960, 100 million, a mark no other toy had ever reached. After too many households had two or three of the hoops, the fad evaporated, leaving Wham-O marooned on a mountain of tubular plastic. Total profit: only $10,000, a result of business inexperience and millions of unsold hoops.

“We completely lost control,” Mr. Knerr told Forbes magazine in 1982.

The Hula Hoop financial debacle was unusual, however. The company had done, and would do, considerably better on products like the Frisbee, for which it bought the rights, streamlined and named. Brought to market in 1957, the Frisbee became a lasting diversion, and even the basis of competitive sports, some of which Wham-O invented.

Other Wham-O brainstorms included the exceedingly bouncy SuperBall, the Water Wiggly sprinkler, the Slip ’N Slide water slide, the Limbo Game and Silly String, a seemingly endless stream of liquid that hardened after being expelled from an aerosol can, all too often in a child’s hair.

New York Times: Richard Knerr, 82, Craze Creator, Dies

Happy Enron Day!

Thursday, May 25th, 2006

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