Week 12 Reading Reflection

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?

• I was most surprised by how the strategic planning steps were the same for creating a marketing plan. I wonder if the writers of this book had backgrounds in marketing. 

2) Identify at least one part of the reading that was confusing to you.

• So is it absolutely necessary to transfer to a managerial style from an entrepreneurial mindset? I get that, to grow, a company needs to assess the resources they have and consider how they can expand but expansion implies an entrepreneurial mindset. I get the whole need for planning but I don't get how planning is the opposite of the entrepreneurial mindset. Entrepreneurs need to plan too.

3) If you were able to ask two questions to the author, what would you ask? Why?

• How can someone look for a strategic position? How is it possible to teach that? I'm curious about how business prowess is taught to students. When talked about in books, these concepts seem very abstract and idealistic.
• How can business systems be quantified? This comes from the manager's mindset. I would like to understand how an objective decision like "should we be located here or there?" can be quantified.

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

• I disagree with the author when they say that there needs to be  transition to a managerial mindset. I think that kills creativity and destroys the point of the business for the entrepreneur who started it. Maybe its true that that happens and that's why so many entrepreneurs are serial entrepreneurs but I think a company can still be run with the entrepreneurial mindset when it starts to grow.

Venture Concept No. 1

Venture Concept Description

Opportunity. The opportunity my venture seeks to capture is a very unfortunate opportunity that has arisen out of the influence of the internet on society. The interconnectivity of the web is good for sharing valuable information across geographical boundaries but, on the flipside, it is very harmful when someone uses that interconnectivity to try and ruin someone's life. The opportunity I want to help solve is the issue of people having content on the internet that they don’t want out there. Specifically, when someone posts nude pictures or videos of someone in an effort to publically humiliate them.

 This opportunity is, unfortunately, huge. There are hundreds, upon thousands of victims of revenge porn out there with very little options or legal protection. Only 26 states in the US have laws criminalizing revenge porn. My market isn’t really defined geographically since anyone can post revenge porn from anywhere but this tends to happen in more developed countries, such as the US, Canada, and Western Europe. Demographically, the victims of revenge porn are overwhelming women, ranging from 14 years old to women in their 50s, though men can certainly be victims as well.

There are only a few options out there for survivors of revenge porn: ask the website owners to take down the content, report it as inappropriate to google, or get your nude photos or videos trademarked and issue the sites a DMCA takedown notice. (Or, if you live in one of those 26 states, take the person who posted the picture to court. Though that doesn't guarantee they will be taken off the web.) 
Since revenge porn can be on thousands of sites in the worst case scenario, the first option isn’t really an option. Reporting it to Google is a necessary step in trying to solve this issue, but Google can’t force sites to take down the content and there are many other search engines where the photos could still be lurking. Google can only make sure it doesn’t pop up on a search. Lastly, getting your pictures trademarked is an option, except that it costs 300-400 dollars a year to maintain that trademark and still some sites can host the photos without facing repercussions because of the anonymous nature of the web.

As of right now, I have found only one other company that is trying to solve this issue. More may arise so this window could be closing.

Innovation. My innovation is a service for victims of revenge porn whereby my company wages an online campaign on behalf of the victim to get their revenge porn taken down. At the same time, my company will be doing online reputation management by using search engine optimization to create a positive online presence on our client’s behalf. My company’s site will also host an online forum for survivors of revenge porn and will provide free legal information about victim's legal options.

The service works by using advanced technology that combs the web for the revenge porn’s unique address. Once found, Post Back’s employees contact the website owner and request it to be taken down or, with the client’s permission, issue a DMCA takedown notice on their behalf after the process for getting their photos trademarked is started. The service costs $150 and there is a crowdfunding option on the site so that other victims can help people who struggle to pay the cost. Post Back will also offer payment plans to help with the cost.

Venture Concept. My innovation attempts to solve this opportunity by providing a service to people who critically need it and are often times taken advantage of by scam sites that ask for money and never even try to get the photos taken down. My venture will actually help these people who have been violated for the world to see. There is only one other company trying to do what I’ve specified so there isn't a lot of competition but there is a lot of demand, from what my research has shown. The other options out there for survivors are very expensive or are downright scams. The competitor I mentioned does have a similar service but is not marketing as well as they could be and hasn’t sought the backing of organizations that are trying to end revenge porn. That is my only advantage over them.

My venture will be backed by 10-15 employees. Some of which will manage the technology and maintain the website and others will be people who wage the campaign. The customer experience is very important because I think that will also be a part of the value proposition that will give Post Back an edge over its competitors. The goal of Post Back is to give our clients peace of mind and to show them that someone cares about what happened to them and is doing something, anything, to make it better. 

Since the company will be entirely online, the location of it is entirely flexible. The roles in the company will include a CEO, a CFO, a VP of Marketing, and a COO who will also double as the VP of Technology. In 5 years, I don’t see myself still running this business. I think this is a limited time opportunity that will wane in the coming years. On the flipside, I could see this business transitioning into other services for women or anyone who has been harassed on the internet. Don’t know how to do this exactly, but that’s where I could see this going. As an entrepreneur, but really just as a person, I want to enact positive social change in the world. I see this venture as a start to this.