March 1st, 2010
09:14 PM GMT
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David Karp, the 22-year-old founder of social blogging site Tumblr, is shockingly young in appearance. I knew he was only 22, but when he sat down with me in his office, a pen and pad stacked neatly beside him, he seemed like a student.

The impression lasted only a moment. Karp has the focus of a seasoned CEO.

He is one of a handful of young entrepreneurs who are changing the way we interact with and share information.

I sat down with Karp recently to talk about the blossoming tech scene in New York City and the phenomenal growth of Tumblr. Here are a couple of the highlights:

NYC vs. Silicon Valley

A native New Yorker, Karp says he couldn't imagine launching his company anywhere else. Karp dropped out of Bronx School of Science at 14 to be home schooled and almost immediately started working and consulting.

He credited his parents for being very supportive of his unconventional path and joked they didn't let his brother off as easy - he had to finish high school.

He talked about the camaraderie among the tech community in New York, saying it feels less cut-throat and more creative.

Managing expectations

One of the hardest things about being an entrepreneur has been managing the growth. Only three-years-old Tumblr boosts 27 million users and has grown from 2 to 10 employees.

Karp is treading carefully, noting that even small changes can make a big difference to users - and they are quick to let him know that.

He says it has been a little hard getting used to the fact that he has such a high profile in the tech world. (I teased him that it was rock star status … after all he did go to the Grammys!!)

The future

Small is better. Whereas traditional media tried to reach as broad a group as possible, social media/networking sites are all about targeting small communities.

True re-tweets or re-posting blogs gives the potential to reach mass audience, but Karp and others are looking at the fact that many users are motivated by local events or niche interests.

It is clear Karp and his team are thinking a lot about the way people interact with social networking sites.

Toward the end of our chat he switched gears and started questioning me about how I felt when I blogged or tweeted, what motivated me. The interviewer became the interviewee. I could see his wheels spinning. Watch how New York is inspiring teckies

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March 1st, 2010
10:25 AM GMT
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The size and scale of the protests in Greece were hard to ignore. Athenians filled Constitution Square in the heart of the capital protesting the austerity measures being put forward by the government of George Papandreou. This is his first major test on the ground since taking office last autumn.

It is quite easy to be swept up into the strike action in Greece and the other labor protests we have been witnessing in Europe during this winter of discontent - affecting industries from the airline sector (Lufthansa and British Airways) to the energy sector (French giant Total) - but it would be a mistake to see them as classic disputes over wages.

In Greece, Spain, Portugal and Italy protests go right to the heart of what many in the labor movement and broader society see as a birthright - to continue to enjoy benefits that in today's globalized world are disappearing fast.

Taking Greece for example, investors saw the recent strike by Ministry of Finance workers as somewhat ironic since they are the very members of the civil service who are at the forefront of the restructuring plan itself. It is not often discussed, but many government workers enjoy preferential tax rates, can retire at the age of 54 (in some cases earlier) and enjoy 14 months of pay for 12 months worked.

The Papandreou government is trying to reign in some of those policies. But as leader of the socialist movement, Pasok, those that brought him into power were not expecting changes to what they consider sacred covenants of their day-to-day existence.

I had a chance this year in Davos to share a tea with the Greek Prime Minister who seemed extremely determined to get the job done. He conveyed a certain Zen-like calm about what the job entails. The Prime Minister recalled having to defuse a university sit-in during his first week on the job as Education Minister (in his father’s cabinet), then in his early days as Foreign Minister dealing with a huge row with Turkey over Abdullah Ocalan, the Kurdish rebel leader who was on Greek soil.

While those were big challenges for a cabinet minister, this scale of top-to-bottom reform is clearly in a different league altogether. In today's crisis, no one is really arguing that there will have to be sacrifice, more how deep the pain will go. The strike is an effort by workers and students to carve a line in the marble so to speak.

As this Greek drama plays out with huge consequences for the country's people and finances, there are many in Frankfurt, Paris and Brussels who are looking back at the brief history of the Euro and what led to this "Southern Med" crisis.

There is a lesson in this effort for the counterparts in the Middle East, particularly in the Gulf where development of the single currency is underway. European countries were forced to come together after World War II. Major schisms can provide impetus for change, but it does mean leaders need to build the foundation of the process carefully.

One of the key architects of the European monetary union, former European Commission President Jacques Delors saw the launch of the Euro as a path to deeper political union. With a much bigger vision in mind, those who hurried this process along after the fall of communism and expansion of the European Union from 12 to 27 members overlooked or chose to ignore both the generous entitlements and, worst still, the levels of corruption and tax avoidance that permeate these economies.

In December, Papandreou admitted to other European Union leaders that "systemic corruption" was at the heart of the Greek crisis and said his government intended to take "harsh measures" to root it out.

The Euro has, without contention, created both stability and wealth in Southern Europe. In the past decade citizens have been lulled into believing that a price won't have to be extracted for Europe turning a blind eye to misdeeds. As they take to the streets in protest, they are finding out that the lenient times are drawing to a close.



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