December 2010
4 posts
1 tag
The Golden Football
The Golden Football is a new description by Evan Miller of the economics of GroupOn. The idea is that GroupOn moves the economic activity to the right of the normal micro-economics price/demand curve by offering up a lower price than the market has settled into charging for that particular good or service in exchange for a higher volume than the market would normally demand for that good or...
The $20 Starbucks Test
A couple of weeks ago I had the good fortune to meet Hugh Crean, the ex-CEO of Farecast, ex-Microsoft executive (they acquired Farecast) and current Entrepreneur in Residence at General Catalyst. A group of us talked to Hugh for close to an hour, and I learned more about the travel industry in that short span than I’ve learned in a lifetime of flying, hoteling and using Kayak, Priceline and...
“Fools ignore complexity; pragmatists suffer it; experts avoid it; geniuses...”
– Alan Perlis
Always Be Building Your Own Products
Like many small technology companies, Snooty Monkey makes the mortgage and the payroll through work for clients while carving off time to build products. It’s not ideal, but it beats the alternatives: working a corporate job for years to save up a financial runway, or ceding autonomy to outside investors, who of course get a say in how their money is spent.
Once you have built a...