#212: Four Phases of a Gold Rush.
00:00:00
◼
►
Hello and welcome to Developing Perspective. Developing Perspective is a podcast discussing
00:00:04
◼
►
news of note in iOS development, Apple and the like. I'm your host, David Smith. I'm an independent
00:00:08
◼
►
iOS developer based in Herna, Virginia, and this is show number 212. Today is Friday, February 27.
00:00:15
◼
►
Developing Perspective is never longer than 15 minutes. So let's get started.
00:00:18
◼
►
All right, so yesterday, Apple sent out invitations for their what they are calling their spring
00:00:25
◼
►
Forward event, which will be taking place March 9th, so a little over a week in San
00:00:32
◼
►
And that's pretty exciting for me because I think it finally puts a definite date on
00:00:36
◼
►
this whole timeline for the introduction of the Apple Watch, which if you've been following
00:00:40
◼
►
along at home is something that I'm rather eagerly awaiting.
00:00:43
◼
►
So the event is very exciting to me to be able to finally have some kind of definition
00:00:48
◼
►
on some more details about the device.
00:00:50
◼
►
It's widely expected I think we'll get more details about pricing and availability and
00:00:54
◼
►
probably all of the tricks that Apple still has up its sleeve,
00:00:58
◼
►
or about the Apple Watch.
00:00:59
◼
►
But when they introduced the device last year,
00:01:02
◼
►
they gave a fairly good demo.
00:01:04
◼
►
And it was, I would say, a very compelling product.
00:01:06
◼
►
But if history is any guide, they
00:01:08
◼
►
left a few little things up their sleeve
00:01:10
◼
►
that they can sort of reveal now and have a bit more buzz,
00:01:14
◼
►
bit more impact.
00:01:15
◼
►
So I'm super excited, just in anticipation of that.
00:01:18
◼
►
But as I get ready for that, and as I kind of start really
00:01:22
◼
►
taking this into land in terms of the in the pre release of the Apple Watch phase of my
00:01:28
◼
►
like development cycle, you know, all this as I learned watch kit series I've been doing
00:01:32
◼
►
all of this was work I've been doing about it, like it's about to hit to the next chapter,
00:01:35
◼
►
obviously, right? When Apple releases the watch, then it's like I actually have an actual
00:01:38
◼
►
device, I'm actually using it, there's less speculation, there's less just sort of wandering
00:01:42
◼
►
wondering about things. And in that run up, I've had a lot of people reach out to me for
00:01:47
◼
►
interviews and things, which is great. I'm super honored to be in that position. And
00:01:52
◼
►
a word keeps coming up in these interviews, in these things people ask me about. And it
00:01:57
◼
►
was the word that I wanted to kind of unpack a little bit today. And it's not really a
00:02:01
◼
►
word, I guess it's two words. Goldbrush. It's something that I think it feels really odd
00:02:10
◼
►
when it gets applied to this type of situation. But it is something that is a pattern that
00:02:15
◼
►
has happened before.
00:02:15
◼
►
You know, there have been quote unquote "gold rushes"
00:02:19
◼
►
in the App Store when the iPhone first launched perhaps.
00:02:21
◼
►
In some ways, when the iPad launched,
00:02:23
◼
►
though perhaps not to the same degree.
00:02:25
◼
►
But I do remember, I think it was Scott Forstall in one
00:02:28
◼
►
of the promo videos for the iPad, where it's like,
00:02:31
◼
►
and we were expecting a whole new gold rush.
00:02:33
◼
►
And like, Apple actually used the word.
00:02:36
◼
►
It's, you know, speaking for the company.
00:02:37
◼
►
So what is a gold rush, right?
00:02:40
◼
►
And I think in our head, we have this vague sense of like,
00:02:42
◼
►
The gold rush is when something new comes out and suddenly there's this tremendous pot
00:02:47
◼
►
of money that you can just reach your hand in and grab some, right?
00:02:50
◼
►
Like, it's just you're walking out in California in 1849 and there's just gold everywhere.
00:02:57
◼
►
And you can just go and get it.
00:02:58
◼
►
And so as a developer, you know, we hear about these things.
00:03:00
◼
►
We hear about these opportunities.
00:03:01
◼
►
It's like, oh, we got to take advantage of it.
00:03:04
◼
►
But the funny thing is, when you really start to stop and think about a gold rush, it has
00:03:07
◼
►
many phases.
00:03:08
◼
►
phases. And I thought about it a lot this morning and I was thinking, I kind of came up with a gold
00:03:13
◼
►
rush as having four phases. And I think it's instructive for me to kind of walk through
00:03:18
◼
►
before I dive into how reasonable or realistic or if this watch is going to be a gold rush or
00:03:24
◼
►
whatever. So the first is the rumor. Now the rumor is where, this is the phase we're in right now,
00:03:32
◼
►
is where you kind of have this vague sense of a possibility of something. You know, you
00:03:38
◼
►
kind of, people are to say, I'm going to keep referencing back to the 1849 gold rush in
00:03:44
◼
►
California, because it seems oddly appropriate for a company based in California to be releasing
00:03:48
◼
►
a product and for us to be talking about it as gold rush to harken back to that. And the
00:03:53
◼
►
San Francisco football team is even the 49ers. So you know, go there. So we're in the rumor,
00:04:00
◼
►
right? And the rumor is you have a sense that something is possible. And this is the this is
00:04:05
◼
►
the part of the of the kind of craziness about it with a gold rush that sets the sets the groundwork
00:04:11
◼
►
and makes it believable, is you kind of have this sense, you know, you're out exploring, and you
00:04:17
◼
►
hear these vague reports, not necessarily that there's gold to be had, but that it's possible
00:04:23
◼
►
that there's gold to be had, that people are starting to create analogies or and, you know,
00:04:28
◼
►
harking back to other experiences where there were, you know, lots of opportunities and lots of money to be made or whatever.
00:04:34
◼
►
And you've got this kind of, this rumor. It's not fully formed. It's not, it doesn't have a champion yet.
00:04:40
◼
►
It doesn't have any kind of handles. It's just this vague sense of like, "Hmm,
00:04:44
◼
►
something's possible here."
00:04:47
◼
►
And then you go into the legend phase. The legend.
00:04:51
◼
►
The legend is when that rumor finally gets its champion, finally has
00:04:57
◼
►
one example, one shining beacon that the world can look to and say, "Oh, look what he did.
00:05:05
◼
►
He is the one who has now hit the gold, hit it big, hit the gold rush."
00:05:10
◼
►
This is the first person in the California gold rush with a picture holding a big nugget
00:05:15
◼
►
of gold on the cover of a newspaper or something like that.
00:05:20
◼
►
Or in the iPhone, maybe this is the, this is Trism, right?
00:05:22
◼
►
I remember that story of the guy who made Trism and, you know, in the first couple of
00:05:26
◼
►
of weeks, he made, you know, hundreds of thousands of dollars or whatever it was like, and I
00:05:30
◼
►
don't even know if that's right. That's just the vague thing that I have in my head, but
00:05:34
◼
►
it's just the legend, right? It's this catalyst, this moment where suddenly, that thing that
00:05:40
◼
►
everybody's been wondering about in the rumor, suddenly has this focal point that focuses
00:05:46
◼
►
that attention into something that suddenly it's not just the theory of something that's
00:05:51
◼
►
possible. It's actually it's actually happened. It happened to this guy could happen to me,
00:05:56
◼
►
And that legend, once you hit that tipping point, you hit into the next kind of interesting
00:06:02
◼
►
phase, which is the rush.
00:06:05
◼
►
This is where everyone gets in their covered wagons and heads out west in search of their
00:06:08
◼
►
fortunes or everyone whips open Xcode and starts making iPhone apps.
00:06:12
◼
►
You have in your mind that it's possible.
00:06:14
◼
►
You've been thinking about it for a while.
00:06:15
◼
►
You've been thinking, "I wonder if this is going to be a big thing.
00:06:17
◼
►
I wonder if this is going to be a big thing."
00:06:20
◼
►
And suddenly you have this example.
00:06:21
◼
►
You have these shiny beacons of like, "Wow, yes, no, this is amazing.
00:06:24
◼
►
Everybody's making all this money.
00:06:25
◼
►
I want in on that."
00:06:27
◼
►
And then there's the rush.
00:06:28
◼
►
Everyone starts to get in and pile in and pile in.
00:06:31
◼
►
And then you get into the unfortunate part, which is the last phase of the gold rush,
00:06:36
◼
►
which is the reality.
00:06:38
◼
►
And this is when everyone arrives and suddenly realizes that perhaps there may have been
00:06:42
◼
►
at one point kind of easy pickings.
00:06:44
◼
►
Maybe there was gold nuggets just strewn throughout the ground.
00:06:49
◼
►
But now there's hundreds, if not thousands, if not millions of people all trying to pick
00:06:54
◼
►
them up. Now you have like the mad frenzy of everyone running around trying to take
00:06:59
◼
►
advantage of the opportunity. And the thing that made it a tremendous opportunity in the
00:07:03
◼
►
first place is now kind of evaporated, because everyone's rushing at it because everyone
00:07:09
◼
►
wants to get there. It reminds me a bit of, you know, a little bit of investing advice,
00:07:15
◼
►
which was along the lines of the time to sell a stock is the day that it's featured on business
00:07:21
◼
►
week, right? Like, the unfortunate reality with these
00:07:25
◼
►
types of things is as soon as something becomes a generally
00:07:30
◼
►
accepted truth of an opportunity, more likely than
00:07:33
◼
►
not, that opportunity has already evaporated, or at least
00:07:36
◼
►
diminished from its mythical status into just a normal
00:07:40
◼
►
opportunity, something reasonable and practical, and
00:07:44
◼
►
something that, you know, isn't a get which quick, get rich,
00:07:48
◼
►
quick scheme. Instead, it's just a normal everyday business
00:07:53
◼
►
opportunity that you kind of have to do the daily slog in
00:07:55
◼
►
order to achieve. And that I'm no historian, I'm not sure if
00:07:59
◼
►
that's exactly what happened in 1849 in the California gold rush.
00:08:02
◼
►
And in some ways, I think that's what happened in the iOS iPhone
00:08:06
◼
►
app gold rush. But that is, I think, the reality and for most
00:08:10
◼
►
of these things, it's never the it's never what the marketing
00:08:14
◼
►
would have you think whether that marketing is con is
00:08:16
◼
►
proactive or just the inherent sort of emergent marketing of the experience. That whenever
00:08:22
◼
►
we something, whenever something is new, people are going to start thinking about it in terms
00:08:27
◼
►
of what can I do with that as from from an opportunity perspective? Can I make money
00:08:31
◼
►
there? Can I, you know, what can I do with this new thing? And then you'll start to hear
00:08:35
◼
►
examples of people who, you know, were there and were ready and were able to take advantage
00:08:40
◼
►
of that and struck it big, got lucky, whatever you want to say. And then there's sort of
00:08:45
◼
►
inevitable rush thereafter of people trying to emulate that experience, who then find
00:08:50
◼
►
themselves into the unfortunate reality that the uniqueness, the novelty has probably worn
00:08:56
◼
►
off. In some ways, it reminds me of if you've ever had an experience that was really awesome,
00:09:03
◼
►
right? You went out and you did this thing, like you went to this place and you had this
00:09:07
◼
►
experience and it was awesome. And you then maybe a few months later, maybe a few years
00:09:13
◼
►
later you're like, "You know what? I want to go do that again. That was so cool. It
00:09:17
◼
►
was so amazing." And it's this rich experience that you have such this great memory of. And
00:09:21
◼
►
you go and try and recreate that experience. It never lives up to it. It never lives up
00:09:26
◼
►
to what it was before. And some of that is because of the novelty, right? The novelty
00:09:30
◼
►
was what made it so awesome. And you can't recreate novelty. And so when you try and
00:09:35
◼
►
recreate it in a past experience, it both ruins the memory of the first experience as
00:09:39
◼
►
as well as not really being fun, not being quite as rich the second time around.
00:09:46
◼
►
And so when people ask me, "Do I think the Apple Watch is going to be a gold rush?"
00:09:53
◼
►
If you take the definition of those four phases that I just outlined, I think there probably
00:09:57
◼
►
will be something like that.
00:09:58
◼
►
I think that will be roughly the experience.
00:10:00
◼
►
I think the watch will be compelling.
00:10:02
◼
►
I'm very excited to own one.
00:10:03
◼
►
I'm very excited to wear one every day.
00:10:05
◼
►
I think it will allow me to do some things that I want to do around fitness, around sort
00:10:11
◼
►
of just general connectedness and data tracking, allow me to change some of my kind of poor
00:10:19
◼
►
habits in terms of those things, the degree to which I'm on my phone because I feel like
00:10:23
◼
►
I need to stay in touch, things like that that I can pull away from when I have a connected
00:10:29
◼
►
And so I think that those types of things are going to happen.
00:10:32
◼
►
We're in the rumor phase now, and we'll probably
00:10:34
◼
►
have a few examples, a few people who are the legends,
00:10:36
◼
►
the catalysts that are like, wow, look, so-and-so built
00:10:39
◼
►
this thing, and it went crazy.
00:10:41
◼
►
And now they're super rich and famous, and hooray,
00:10:44
◼
►
they're high-fiving Tim Cook on stage.
00:10:46
◼
►
Like, awesome.
00:10:47
◼
►
And then there'll be a big rush.
00:10:49
◼
►
And so what does that mean for us?
00:10:51
◼
►
What does that mean for a reasonable developer?
00:10:53
◼
►
What should we want to do?
00:10:56
◼
►
And to harken back to another kind of trite axiom,
00:11:00
◼
►
but it's something that I think applies here. A lot of people say that luck is opportunity plus preparation.
00:11:05
◼
►
Right? And you can't control
00:11:08
◼
►
both of those. You can really just control one of them.
00:11:11
◼
►
You can control your preparation and then just be on the lookout for opportunity.
00:11:15
◼
►
So I'm trying very hard to be prepared.
00:11:19
◼
►
I'm not really looking at this as a gold rush, as this magical thing that will make my fortunes and run wild.
00:11:27
◼
►
But I want to be prepared.
00:11:29
◼
►
I want to be part of the pre-rush phase in this market.
00:11:34
◼
►
Not because I think it will be a wild, crazy thing, but because I want to get good at it.
00:11:40
◼
►
I want to be able to make rich quality experiences for the watch.
00:11:43
◼
►
And I want to be an expert on the platform.
00:11:46
◼
►
And if you'll indulge me slightly, this is something I wrote in a blog post last week
00:11:50
◼
►
called "WatchCon Level 2," which is a post I'll commend to you for reading, but essentially
00:11:56
◼
►
was me explaining the different levels of preparedness, but in it I wrote a paragraph
00:11:59
◼
►
that is probably one of the better paragraphs I've ever written. And I was just really proud
00:12:03
◼
►
of it. And so I was going to read it on the show because I think it captures this experience.
00:12:07
◼
►
And it said, "There is unfortunately no shortcut to gaining expertise in a subject.
00:12:12
◼
►
You can only truly understand something by working on it, by immersing yourself in it,
00:12:16
◼
►
by building terrible prototypes and throwing them away. You cannot throw away what you haven't made."
00:12:22
◼
►
And so that's where I am. That's how I'm viewing this potential gold rush, right? I want to be an
00:12:28
◼
►
expert on this platform. I want to be prepared. I want to be on my wagon already on the way to
00:12:33
◼
►
California before there's even rumors heading back to Chicago and New York and Washington and Boston
00:12:39
◼
►
that something may be on its way. Because you can't rush that experience. You can't reasonably
00:12:43
◼
►
expect if there is any opportunity at the end of this, that you're going to be able to jump onto it
00:12:49
◼
►
and rush towards it from behind and overtake the people who are already there, who are
00:12:54
◼
►
already setting up their tents and getting out their pants and going down to the streams
00:12:58
◼
►
and panning for gold.
00:13:01
◼
►
And I hate focusing on this too much on the money side of it, but that's, I think, what
00:13:05
◼
►
a lot of people tend to focus on because it isn't really about that to me.
00:13:08
◼
►
I want to make cool apps.
00:13:09
◼
►
I want to make fun experiences.
00:13:11
◼
►
I want to enrich people's lives in some ways, especially with all the fitness-related stuff
00:13:15
◼
►
on an Apple Watch.
00:13:17
◼
►
And so I don't know exactly what that means for me.
00:13:20
◼
►
I'm just trying to be ready.
00:13:22
◼
►
I have a bunch of apps that I think
00:13:23
◼
►
are going to be ready to submit to the App Store
00:13:25
◼
►
whenever Apple opens the door.
00:13:27
◼
►
I don't know yet if I'm going to submit on day one.
00:13:29
◼
►
I probably will for at least some of those
00:13:32
◼
►
because they're ready.
00:13:34
◼
►
Some things I may wait on.
00:13:35
◼
►
Some things I may wait until I have
00:13:37
◼
►
an actual watch in my hand that I can try and experience
00:13:40
◼
►
the thing on before I make sure that it seems really
00:13:42
◼
►
what I want to ship.
00:13:44
◼
►
But I want to be ready.
00:13:45
◼
►
Because really, at the end of the day,
00:13:47
◼
►
I want to be able to make that choice.
00:13:49
◼
►
I want to be able to not have that feeling at the end of the person who arrives in California
00:13:54
◼
►
a month late and still hears all the stories of the people who made their fortunes, but
00:14:01
◼
►
kind of is kicking themselves.
00:14:02
◼
►
They weren't there quite on time.
00:14:05
◼
►
And I think that's going to happen.
00:14:06
◼
►
I think that's going to happen to a lot of people.
00:14:07
◼
►
I've heard from a lot of people who are kind of waiting and seeing on the Apple Watch.
00:14:10
◼
►
I think that might be a mistake.
00:14:11
◼
►
I think that is something that, I think it's a big platform.
00:14:14
◼
►
I think it's going to be going places.
00:14:15
◼
►
And so I think it makes sense to be getting good at it
00:14:19
◼
►
as soon as you can.
00:14:20
◼
►
And that's what I'm doing.
00:14:21
◼
►
And I'd encourage anyone else to think
00:14:23
◼
►
about doing the same thing.
00:14:25
◼
►
All right, that's it for today's show.
00:14:27
◼
►
As always, questions, comments, concerns, or complaints,
00:14:29
◼
►
you can find me on Twitter.
00:14:30
◼
►
I'm underscore DavidSmith there.
00:14:31
◼
►
Or you can email me, David@developingperspective.com.
00:14:34
◼
►
Thanks, happy coding, and I'll talk to you next week.