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Woke up to an email from the founders of Crowdspring.com this morning saying sorry for the problems the site has been experiencing this last week. Quite refreshing to hear a sorry. The site is a great idea to put creative work and ideas out to tender, so I hope it all gets better soon.

Dear friends,

As you've probably noticed, we've run into a series of technical problems over the past 7-10 days. Because of that, we wanted to take a break from our normal newsletter to bring you a personal message from both of us. So let us start by stating it as plainly as we can: we're sorry.

There's no way to sugar coat it - the site's performance as of late has been poor. We've failed to provide you the crowdSPRING experience you've learned to love and we are both disappointed and humbled as a result. Please rest assured that we're aware of these problems, and we are doing our very best to fix them promptly. Everyone at crowdSPRING is focused on these issues and we won't rest until we have them resolved. Period.

We'll spare you the technical explanation of the problems we're having but, in the end, they're almost entirely related to the increased usage that the site is experiencing and they've had a cascading effect, touching everything from our database servers all the way down to our email notifications. We should have foreseen this possibility and built things with more flexibility in the event that we needed to scale more quickly than we anticipated. We were so focused on our refactoring project (which will have us roll out completely new code in the coming weeks) that we underestimated the extent of our growth. As you know, we've added more hardware servers, but this didn't address all of the issues with which we are now dealing. And we're now paying the price. This is undeniably a lesson hard learned and one we do NOT intend to repeat or ever forget. And most importantly we're embarrassed that we've put our credibility on the line with you.

We'll give you an update within the next 48 hours on where things stand and, in the mean time, we're certain that many of you may have questions about these issues and how they affect your projects. We encourage you to talk to us - we'll do everything we reasonably can to make sure that our failure does not impact you, so don't hesitate to reply to this email, write us personally, or contact us through the site. We consider everyone who has supported us this first year a friend and it's never fun to disappoint your friends. You have our personal promise, and the promise of every person who works at crowdSPRING, that we will work tirelessly to make things right and to regain your trust.

Ross and Mike
co-Founders

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Captain Kick-Back

Happy New Homes Week

As the whole nation prepares to spend the next week enthusiastically celebrating the wonderful world of new homes, we thought this might be a good opportunity to take stock of the market and cross some optimistic fingers that we might all be headed in the right direction at last.

It can’t go unmentioned that the start of New Homes Week, September 12th, is two years to the day since the board of Northern Rock first asked the Bank of England for a “liquidity support facility” (a sub, to you and me), due to its exposure to bad debt in the American sub-prime mortgage market. Within a few days worried savers had withdrawn £2 billion from Northern Rock and in February of the following year the bank was privatised.

If we can see this event as the start of the enormous downturn we’ve all been enduring these last two years, perhaps it’s not too early to look back over more recent months and ask whether we aren’t starting to climb our way out of trouble: there aren’t many green shoots around yet, but are we starting to lay down their roots?

Housebuilder Magazine for one has found some fairly substantial reasons to be cheerful. Obviously there’s a vested interest here, but even considering the source, the news is significant nonetheless. Reported recently alongside a “reservation surge for Bovis”, a “sales boost for Taylor Wimpey” and a “reservations boost” for both Miller and Galliford Try, were the results of an online poll carried out by the magazine, according to which 86% of respondents believed the market had bottomed out.

For a less biased but still really rather positive view, we might look at the most recent figures posted by the Land Registry’s house price index, which recorded a month on month house price rise for August of 1.7%. Across the country the year on year movement is still in negative figures, but the performance in August has begun to chip away at this, and in Wales the average house price has even had a year on year increase, of 3.1%.

Elsewhere, the Nationwide has also reported a rise in prices, for the fourth consecutive month. The lender has recorded a 3.2% rise in the average sale price over the first 8 months of 2009 and highlights the quarter on quarter rise of 3.3% seen for August as the highest increase since February 2007.

So, we might not be all the way there yet, but good things do appear to be happening at last. A heady mix of low prices (an average of 17% down on January 2008’s peak), cheap - albeit still difficult to come by- credit, realistic valuations from private sellers, pent up demand and under supply seems to be doing the trick.

See you next time!!

CAPTAIN KICKBACK

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Future of Gaming: games bigger than films!

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