Esther Dyson, Chairman of EDventure Holdings, is an entrepreneur and angel investor concentrating on emerging markets and technologies. She is a board member of numerous companies, including 23andMe, Eventful, Meetup, NewspaperDirect, Voxiva, WPP Group, XCOR Aerospace, and Yandex, and was an early investor in such notable start-ups as Evernote, Flickr, Mashery, Medstory, Omada Health, and Square.
ZURICH – It is fashionable nowadays to talk about personal attention as a commodity or even a currency. Many companies are looking for ways to automate the act of “paying attention” to individual customers on a grand scale, even as many of them also confuse attention with intention (to buy). Indeed, “attention” is becoming more interesting now that the Internet makes it easier to measure it.
But attention is neither a currency nor a commodity. It can be bought and sold, to some extent, but it cannot be traded to third parties, and it is not entirely fungible.
While companies (and some people) seek attention because they expect to earn money through it, many individuals value attention as something that is intrinsically desirable. Just as Facebook “friends” come in varying degrees of intensity, quality, and symmetry, so does attention. Real attention comes from people; “attention” from a computer is worth something only to the extent that it appears to come from a human – and can be negative if people feel deceived.
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