In iMedia Connection today Daniel Flamberg shares some interesting thoughts on Google’s aborted dMarc radio experiment that may speak wisely to us all in the Internet business, which, for as long as I’ve been around it, has never been short on hubris and cocksureness. Daniel offers these observations re Google’s excellent radio adventure (below). Try substituting the the word “Internet” for Google to see how it compares. Best line: “Their belief in technology as the universal cure blinded them to the marketplace realities.”
1. Google is a large hungry bureaucracy. With shifting priorities and plenty of cash to burn on not-so-hot executions, they can afford to try and fail where others can’t. They skimped on the due diligence in vetting dMarc’s owners as partners. They didn’t talk to many radio guys at the outset and they didn’t take the time to listen. But in the end flushing $100 million is just a rounding error for Google which allows them to retreat without feeling the pain and probably without absorbing the lessons.
2. Google believes its own press. The bias toward doing it their way, their hubris about how things should be engineered and their complete unwillingness to listen to willing allies, adopt to market norms and nuances or sell the way buyers buy set them up for failure. The radio ad market was a de facto auction long before they showed up, but they refused to see it. This kind of “we know better” attitude is not unique in Silicon Valley or among high tech giants. But it suggests that in some cases they can’t get out of their own mindset or out of their own way.
3. Technology Uber Alles. They built and bought the component parts but they could [sic] get them to work together nor could they measure and report on sell-thru or the impact of the ads. Their belief in technology as the universal cure blinded them to the marketplace realities and deafened them to course corrections that could have produced an alternative outcome.
May 22, 2009 at 4:45 pm |
[...] however. It is, actually, about the earlier post in this space about the hubris of the Internet, “Taking ourselves too seriously,” wherein the realities of the marketplace and the limits of technology to overcome them are [...]