——– Original Message ——–
Subject: last Yodle (and last corny Yodle joke)
Date: Wed, 25 Apr 2012 16:44:31 -0400
From: David Pennock
After 8 wonderful years (almost 10 if you include Overture), it is with
very mixed emotions that I leave Yahoo!. My last day is tomorrow,
Thursday April 2526. You can reach me in plenty of ways and I hope you do:
[my email address]
+1-732-XXX-XXXX
Y!IM pennockd | facebook pennockd | twitter pennockd | linkedin
http://dpennock.com | http://blog.oddhead.com
I’ve grown to love this company (purple blood, yada yada) and one of the
deep ironies is that I have a feeling Scott Thompson may actually know
what he is doing and that maybe just maybe Yahoo!’s return to revenue
growth and good public perception will finally come (note I didn’t say
return to profitability — a steady $1 billion in cashmoney profit in
our pocket every year is very far from shabby). I plan to hold on to
some of my stock.
In the early 2000s Google was an amazing Bem+Wom story yet almost no one
(me included) had a clue how they would make money. In 2002, Gary Flake
introduced me to Overture, a company already making hundreds of millions
on search, and suddenly it was clear. I joined Gary in what became
Overture Research and later, under Usama Fayyad’s protective wing, the
inception of “Yahoo! Research Labs”. When Gary left, we hired Prabhakar
and Ron. The rest is history. Andrei, Andrew, Raghu, Ravi, Ricardo,
Preston, Duncan. An absolutely amazing place that was my pleasure to
watch grow and mature. I still remember the excitement of our first
offsite at Half Moon Bay to map out the future of the place.* I remember
a fateful week when Preston, Duncan, and David Reiley simultaneously
gave up their tenure to stay at Yahoo!.
From the beginning Prabhakar saw the importance of including social
science research in the mix for online media. In my little corner, where
we mixed computer science and economics (“algorithmic economics” we
called it), I believe we had enormous effect both internally and
externally. In 2007, Jeff MacKie-Mason, one of our Big Thinker lecturers
and now Dean of the School of Information at the University of Michigan,
wrote (ok, informally to me in email) that our group was “the most
exciting and successful group I’ve seen crossing the CS/Econ boundary”.
If imitation is the sincerest form of flattery, I believe we had a
significant positive impact on the growth in hiring in the social
sciences and in algorithmic economics at both Google and Microsoft. In
our group alone, we published more than 70 papers including at least two
award winners (Arpita just this year). We literally wrote the book
(chapters) on sponsored search and prediction markets. We co-founded the
Ad Auctions Workshop and NYCE Day. People who left often did
fantastically well, including Yiling Chen to Harvard, Mohammad Mahdian
to Google, and Dan Reeves to found his own successful startup Beeminder.
We filed dozens of patents (take that fb!). Former intern Nicolas
Lambert who is now a Stanford professor once told me he hoped to one day
say “it all started at Yahoo!”. I just left a Ph.D. student’s defense
whose three (!) weeks at Yahoo! were good for two chapters in his
thesis. We’ve had academic visitors leave after a week here and follow
up that they wanted to apply for a job — the environment was that great.
Inside Yahoo!, we worked on sponsored search (“squashing” and so much
more by the incomparable Sebastien Lahaie, who we recently discovered is
the central hub of research in New York), display ads, and UGC among
many topics. My passion has been in prediction (markets), and some of my
best memories have been trying to play product manager for a day (or a
couple months) for Predictalot and The Signal. Often it felt more like
operating a startup but with incredible advantages in resources, people,
and of course access to that monster traffic firehose. This was Yahoo!
at it’s best — marshaling talent from all over the globe in many
divisions and specialties to produce a product that no one had ever seen
before, and that no one including us even knew would work. One of the
saddest parts of departing now is leaving The Signal behind, an
incredible effort and in many ways our biggest and best, led by David
“force-of-nature” Rothschild and so many people behind it. Sadly, some
were let go and others are leaving on the own accord, and we’ll never
know what could have been in a counterfactual universe. Yet I believe
The Signal will live on in the good hands of those who remain, including
Chris Wilson, Alex, Ingemar, and the absolutely phenomenal Bangalore team.
By far the best part of working at Yahoo! was the people. It’s been my
pleasure to work with so many fantastic colleagues in Labs and
throughout the company. In the recent turmoil many in Labs have been, as
Preston said, “evaluated by the market”, and came out looking pretty
darn good, with calls, interviews, and offers from the best companies
(Facebook, Google, Microsoft) and universities. Early on we set a goal
to always hire above the mean, and I truly believe we did that. (Having
been here from the beginning, you can see where that leaves me in this
incredible crowd.) It’s a cliche but a true one: I am only as good as
the people working with me, and I’ve truly been blessed with amazing
colleagues, bosses, employees, postdocs, and interns. To Sebastien,
Arpita, Giro, and David Rothschild, plus Mridul, Navneet, Sudar, Arun,
Shrikant, Kim, Chris, Janet, Ron, Michael and dozens more and everyone
who has come before, from Preston & Prabhakar on down, I can’t thank you
enough and I owe you almost everything.
Goodbye for now,
Dave
* For history buffs, these were the people at the initial Yahoo!
Research offsite: Prabhakar Raghavan, Dennis DeCoste, David Pennock,
Omid Madani, Shyam Kapur, Andrew Tomkins, Winton Davies, Ravi Kumar,
Bernard Mangold, Ron Brachman, Marc Davis, Michael Mahoney, Kevin Lang,
Seung-Taek Park, and Dan Fain.
** I also remember the first few days of Yahoo! Research New York in
2005, with just Ron, John, and I. It’s amazing to see what we have
become since.
*** An even more arcane note of history: the Overture control room made
a cameo as NASA Mission Control in James Cameron’s 2003 movie Ghosts of
the Abyss. I am on somewhere on the cutting room floor trying to muster
that awestruck look one gets upon seeing alien life for the first time.
A professional thanks and a personal goodbye to Steve Jobs
That line typed on an Apple II computer in my Dad’s office in the fourth grade got me hooked on computer programming, an addiction I never outgrew.
Over the years, I’ve had the pleasure of owning, using, or programming on many of Steve Jobs’s creations, including Apple II+, Macintosh IIcx, Power Mac 7100, Newton, NeXT, Powerbook, Macbook Pro, and iPhone. I’ve been a consistent Mac in the Mac-vs-PC battle since 1984 (though I admit to a brief affair in 1998: it didn’t mean anything, Steve, I swear!). Jobs himself ignited an us-versus-them fire, which smolders on today in Apple’s John Hodgman-as-PC ads, back in 1985 with one of his best quotes:
Around that time, my friends and I had a running joke: “I got a PCjr,” one of us would say; “you’re going straight to hell, kid,” the other would shoot back.
Buried treasure: Old Apple II and Power Macintosh computers, waiting to be dusted off… someday
My wife and kids (ages 7 and 4) are more recent converts, owning a Duo, an iPhone, an iPad, and two iPod Touches among them.
I’ve owned Apple stock since about 1997, my single best investment, increasing 4,460 percent. (Priceline is my second best, gaining 3,990%.)
Like Lance, I’ll never forget where I was when I learned that Steve Jobs had died. Steven Colbert told me. Live. After a hilarious taping of the Colbert Report and four performances by the artist formerly known as Mos Def (apparently a perfectionist: who knew?), Colbert ended by balancing his iPhone on his desk, letting it fall over, then telling us, “Steve Jobs died. Sorry to be the one to tell you.” To say the mood of the audience changed instantly would be an understatement. Smiling faces turned down. Cries of anguish and “oh no!” rang out from nearly everyone in the audience, a mark of how Jobs’s influence and name recognition has grown from tech hero to global cultural icon. (Colbert gave Jobs a proper tribute the next day.)
There’s a thread in our office about the extent to which perceived success or failure at the CEO level is a fooled-by-randomness trick of the mind. But there are some examples where even the strongest skeptic must admit that an organization’s success is almost surely owed to the exceptional greatness of a single individual. Warren Buffet and Coach K come to (my) mind. But Steve Jobs must be the prime example. As if ushering in the era of personal computing and computer-animated movies was not enough, Jobs continued to outdo himself year after year, with iPod, iTunes, iPhone, and, barely a year ago, iPad. Sadly, or maybe purposefully, Jobs seemed to hit his stride just as he died. As a long-time disciple of Jobs, I’m amazed at the amount of focus in his obituaries spent on gadgets he created in the last ten years.
Jobs famously advised not to spend too much time celebrating success.
Those were not empty words for Jobs: it’s how he lived his own life and how he squeezed so much out of the 56 short years he was given. The early storyline of Apple pegged Steve Wozniak as the brains and Jobs as the lucky business-minded sidekick. It turns out that Jobs was way more exceptional than the 1990s nerderati — who like me relate more to Woz — gave him credit for. Jobs had the brains, the vision, and the charisma in a combination so rare I’m not the only one who can’t think of another human alive who compares. To get a taste, read or watch Jobs’s Stanford commencement speech: it’s truly brilliant, inspiring, and one of the best ways you can spend the next few minutes of your time.
To the ultimate hacker painter, the first last analog, the nerdiest salesman, the studliest genius, the most productive perfectionist, the most detail-oriented visionary, and a personal hero: