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(The Verge)   Venture Capitalists: We invested $57M in RapGenius on the premise that they'd annotate the entire internet. Founders: You played yourselves. Employees: You're still laid off   ( theverge.com) divider line
    More: Facepalm, Annotation, Genius, News Genius, Rap Genius, News Genius users, Genius blog, Genius usernames, Genius website  
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1981 clicks; posted to Business » on 16 Mar 2017 at 10:42 AM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments     (+0 »)
 
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2017-03-16 10:53:35 AM  
I have no idea what TFA is talking about. Can someone summarize it for me?
 
2017-03-16 10:59:24 AM  

MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?


Stupid dot com company with dumb idea that doesn't make money lays people off.
 
2017-03-16 11:07:27 AM  
hehe more Semantic Web vapourware. That's been going on since 2000. Sounds great on paper, but does not scale and requires massive industry buy-in in order to be feasible. You basically need the infrastructure of Google to pull it off.
 
2017-03-16 11:10:46 AM  

Geotpf: MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?

Stupid dot com company with dumb idea that doesn't make money lays people off.


If only there were a site which ran a dead pool for dot-coms.  Maybe a forum where we can post stuff.
 
2017-03-16 11:11:12 AM  
I might have missed it, but I didn't see a single use of the stupidfarkinvalleyjargon "pivot," so, I guess, great job with the thesaurus, author Casey Newton?
 
2017-03-16 11:12:04 AM  

MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?


Technology company gets lots of venture capital company based on an innovative idea then dumps innovative idea to try to compete with youtube.
 
2017-03-16 11:13:24 AM  

max_pooper: MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?

Technology company gets lots of venture capital company based on an innovative idea then dumps innovative idea to try to compete with youtube WorldStarHipHop.

 
2017-03-16 11:30:48 AM  

Tr0mBoNe: hehe more Semantic Web vapourware. That's been going on since 2000. Sounds great on paper, but does not scale and requires massive industry buy-in in order to be feasible. You basically need the infrastructure of Google to pull it off.


Footnotes and commentary on web content?

What a BRILLIANT idea!  I'd pay $5 a month for that service!

/wait....
 
2017-03-16 11:34:15 AM  

DjangoStonereaver: Tr0mBoNe: hehe more Semantic Web vapourware. That's been going on since 2000. Sounds great on paper, but does not scale and requires massive industry buy-in in order to be feasible. You basically need the infrastructure of Google to pull it off.

Footnotes and commentary on web content?

What a BRILLIANT idea!  I'd pay $5 a month for that service!

/wait....


We're lucky in that we have thousands of monkeys hammering away at thousands of typewriters over here.
 
2017-03-16 11:51:28 AM  
What does 'annotate the internet' mean? It sounds like something the computer illiterate boss would say, along the lines of "put the internet on a floppy for me" and "My internet was hacked. There was a goofy message about crackers or cookies or something."
 
2017-03-16 11:59:19 AM  

Russ1642: What does 'annotate the internet' mean? It sounds like something the computer illiterate boss would say, along the lines of "put the internet on a floppy for me" and "My internet was hacked. There was a goofy message about crackers or cookies or something."


Information, instead of being plain text or just pictures, would include tags for context, links, etc within it. It is intended to make search engines more efficient and allow machine learning algorithms to "understand" concepts more easily. It is essentially tag clouds but invented back when machine vision and machine learning were basic and inefficient. Now, computers are faster so they can parse pictures and text closer to real time so it's not really necessary to go nuts with context.

Also, they wanted to make the entire internet XML before that was cool.
 
2017-03-16 12:01:29 PM  
Who would give $57 million to this pack of douchebags?

cdn0.vox-cdn.com
 
2017-03-16 12:06:49 PM  

Tr0mBoNe: Russ1642: What does 'annotate the internet' mean? It sounds like something the computer illiterate boss would say, along the lines of "put the internet on a floppy for me" and "My internet was hacked. There was a goofy message about crackers or cookies or something."

Information, instead of being plain text or just pictures, would include tags for context, links, etc within it. It is intended to make search engines more efficient and allow machine learning algorithms to "understand" concepts more easily. It is essentially tag clouds but invented back when machine vision and machine learning were basic and inefficient. Now, computers are faster so they can parse pictures and text closer to real time so it's not really necessary to go nuts with context.

Also, they wanted to make the entire internet XML before that was cool.


Whenever I visit a website that has autogenerated text in the links I quickly close the tab. Those sites are among the worst offenders on the internet for abusing mouse hovering.
 
2017-03-16 12:22:56 PM  

BarkingUnicorn: Who would give $57 million to this pack of douchebags?

[cdn0.vox-cdn.com image 850x566]



We're tech to the Max!
 
2017-03-16 12:37:58 PM  

BarkingUnicorn: Who would give $57 million to this pack of douchebags?

[cdn0.vox-cdn.com image 850x566]


Is that Pauly Shore?
 
2017-03-16 12:44:59 PM  
Maybe instead of "disrupting", they can "actually run a business" next time...
 
2017-03-16 12:46:43 PM  
This isn't an easy business to be in.
 
2017-03-16 12:46:59 PM  

BarkingUnicorn: Who would give $57 million to this pack of douchebags?


img.fark.net
 
2017-03-16 12:47:09 PM  

Russ1642: Whenever I visit a website that has autogenerated text in the links I quickly close the tab. Those sites are among the worst offenders on the internet for abusing mouse hovering.


I like when you mouse hover a link and it shows a sequence of a few mirrors before settling down on where the link is "actually" pointing. utm_source=fark
 
2017-03-16 12:54:17 PM  
$57 million to a site that basically just posts song lyrics of indi bands no one has ever heard of?
Should do well.
 
2017-03-16 01:24:18 PM  
http://www.businessinsider.com/rap-genius-cofounder-moghadam-says-he-s​teals-from-whole-foods-2014-11
 
2017-03-16 02:40:46 PM  

The Pope of Manwich Village: I might have missed it, but I didn't see a single use of the stupidfarkinvalleyjargon "pivot," so, I guess, great job with the thesaurus, author Casey Newton?


"pivot" and "sunset" are my fave annoying tech buzzwords for late 2016/2017.
 
2017-03-16 02:52:39 PM  
I remember getting some use out of these guys. I heard some rap lyrics that I could not understand. Their site interpreted the lyrics really well. Made lots of sense after but was totally opaque without their help.

I don't see how this idea scales. But it could have a second life for academic journals. Those things need crowd sourced annotations.
 
2017-03-16 03:11:07 PM  

foo monkey: Geotpf: MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?

Stupid dot com company with dumb idea that doesn't make money lays people off.

If only there were a site which ran a dead pool for dot-coms.  Maybe a forum where we can post stuff.


Someone should pull Pud (hehehe) out of retirement.  The world needs farkedcompany.com once again.
 
2017-03-16 04:11:42 PM  

Saiga410: BarkingUnicorn: Who would give $57 million to this pack of douchebags?

[cdn0.vox-cdn.com image 850x566]

Is that Pauly Shore?


Nah, he's not cool enough to hang out with Justin Timberlake.
 
2017-03-16 04:13:04 PM  

Comic Book Guy: foo monkey: Geotpf: MelGoesOnTour: I have no idea what TFA is talking about. Can someone summarize it for me?

Stupid dot com company with dumb idea that doesn't make money lays people off.

If only there were a site which ran a dead pool for dot-coms.  Maybe a forum where we can post stuff.

Someone should pull Pud (hehehe) out of retirement.  The world needs farkedcompany.com once again.


maybe farkedcountry.com.  CSB, I named one of the chapters in his book.  The one about how people would take their dot-com venture capital, throw parties, and buy silly shiat for the office.  "Party like it's 1999."
 
2017-03-16 11:33:00 PM  
Ranted about this; no sense repeating it. Yet another ridiculously overvalued, overhyped startup desperate to farm IPO cash than produce viable services. If they're not frugal, if they're not customer focused, they're wasting your money and your time.

If you want some fun, read the comments for the post at Genius.com. Reading between the lines, it looks like they're pulling out of EMEA entirely - zero folks in the UK and Germany - and that they misled folks when they said that their latest round of funding, about $57m, was going to go to hiring engineers, designers, and community leaders.

It's Star Wars Galaxies, in social media form.
 
2017-03-17 09:41:37 AM  
So let me get this straight...it's a sight that annotates rap lyrics? Srsly wtf? They got 57 mil to start this nonsense?
 
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