The deflationary vortex in apps (this includes "websites") is incredible. Successful applications face extreme pricing pressure almost immediately.
It's the other not-so-celebrated side of the "double-edged sword" known as low barriers to entry.
"Wow....look...I figured out a way to put a golf GPS app on iphone that will only cost $8,000 to ...
Member Minded, a company that I invested in last year, has launched a new product that I'm really excited about:
Try It Local matches local retailers to local customers online with a new awesome deal, every day. Big discounts give consumers a great deal and give local businesses a chance to ...
I love it when people just tell it straight. I respect people who say what they mean and mean what they say. It's just so refreshing in a politically correct world where everyone says a lot without saying anything...
I hope he's wrong but I fear he's right.
Was reading Bezos (one of my entrepreneurial heros) interview and the following quote really stuck out at me:
Bezos: I would hope people would say that Amazon is earth's most customer-centric company, and that we work backwards from customers. Many companies sort of look at what their skills are ...
You're not going to sell much to your twitter friends. Or your facebook friends.
Spending all day "getting followers" (which means following people you don't want to read just so they'll follow you back) is......drumroll.....a WASTE OF TIME.
Twitter and facebook is the freeloader zone. They don't want to pay you for ...
Instead of walking a mile in another man's shoes, you should walk a mile with his wallet and bills, ambitions and frustrations, failures and wins.
At the beginning of every "deal" is an opportunity to determine two things:
1. What is it that I really want out of this deal?
2. What is ...
It's obvious that we've gotten what we asked for in DC. Zero executive experience, zero business experience....and it SHOWS. Holy hell does it show.
Anyway, here is what I would have done (and still would) as President to "plug the damn hole":
1. Set up a $2.5 BILLION prize fund (ask BP ...
Fred wrote about how he likes owning producing real-estate as a hedge against a real financial disaster, but isn't a fan of gold.
Portability, defensibility and anonymity are three points Fred is missing.
1. If shit hits the fan, I can put $1m worth of gold into a suitcase. ...
Nine years ago I thought my company was more valuable than Amazon because my company made a profit and Amazon did not---nor did it look likely to anytime soon. (OK I didn't really but I kinda did, if you know what I mean.)
I was an idiot. Don't be like I ...
The walls and obstacles you face should be met with gratitude and excitement.
Once crossed, these will be the same walls that keep others out.
They will define your greatness.
Enjoy them.
Win.
I'm just preparing my impromptu remarks.
I've started and sold two companies.
I have investments in 7-8 others.
I love helping passionate people create wealth.
Win.
