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A Brief History of the Corporation: 1600 to 2100
Europe may have increased per capita productivity 594% in 600 years, while China and India stayed where they were, but Europe has been slowing down and Asia has been catching up. When Asia hits Peak Attention (America is already past it, I believe), absolute size, rather than big productivity differentials, will again define the game, and the center of gravity of economic activity will shift to Asia.
business  history  innovation  future  capitalism  politics  tech 
21 days ago by whip_lash
Peak California – Byrne Hobart – Medium
Once upon a time, California was cheap. In the 50s and 60s, it was a place where you could work part-time to fund your biker gang. In the 70s, you could work part-time to fund your revolutionary terrorist cell. Such side projects are infeasible today. If you’re going to run a massive bombing campaign out of a house in San Francisco, you’ll need to raise at least a mid-six figure seed round.
business  california  economics 
march 2019 by whip_lash
A Standard and Clean Series A Term Sheet
Below is what a Series A term sheet looks like with standard and clean terms from a good Silicon Valley VC. Bracketed items (besides the names of the company and lead investor) are always or frequently negotiated. Items not in brackets are sometimes negotiated, but this has more to do with the idiosyncratic features of the company or the situation, and generally aren’t terms that parties intend to heavily bargain over during the negotiation.
business  investing  startup  startups  vc 
january 2019 by whip_lash
Startup Playbook
We spend a lot of time advising startups. Though one-on-one advice will always be crucial, we thought it might help us scale Y Combinator if we could distill the most generalizable parts of this advice into a sort of playbook we could give YC and YC Fellowship companies.

Then we thought we should just give it to everyone.
business  entrepreneurship  startup  startups 
january 2019 by whip_lash
Ask HN: What are your “brain hacks” that help you manage everyday situations? | Hacker News
I'm incredibly fortunate to have a chairman on our board who brings so much clarity of thought to the business.
He's unemotional yet thoughtful. If he doesn't have an immediate answer for something, he instinctively understands how to search for the answer. He has a natural sense of the real priority of work and discussions.

So I asked him for some of his favourite brain hacks...simple tricks he uses when he has a mental challenge to overcome. A couple of his insights were very useful to me, so I thought I'd share them here and ask HN for their personal brain hacks in response.
business  productivity  tips  psychology 
december 2018 by whip_lash
Repo 105 - Epsilon Theory
It worked like this. A few days before the end of the calendar quarter, Lehman would “sell” billions of dollars worth of loans to another bank. I put “sell” in quotation marks, because Lehman ALSO had an agreement with these other banks to buy the loans back a few days after the quarter ended for the same price as they were sold, plus enough money to cover whatever the going interest rate was on that cash for the few days it was in Lehman’s hands. This is what’s called a repurchase agreement, or repo, hence the name Repo 105 (the 105 refers to the 5% overcollateralization that counterparty banks required to lend the cash to Lehman even for a few days – they knew Lehman was in trouble). Since financial reporting happens at the end of the quarter, Lehman’s books would look like they had more cash and fewer loans than they actually did.
economics  business  finance  fraud  crime 
september 2018 by whip_lash
So Good They Can't Ignore You
Newport defines what he calls ‘The Career Capital Theory of Great Work’:

The traits that define great work are rare and valuable. Specifically, desireable jobs are creative, allow you to create large impact, and give you control over your work and life.
Consequently, supply and demand indicates that you need to offer rare and valuable skills in return. These rare and valuable skills are what Newport refers to as your career capital.
business  career 
september 2018 by whip_lash
Short Selling as a Business Model - Bloomberg
Weisenthal's proposal was for disruptors offering a free product; the idea was that the entire business model would consist of (1) offering a free service that public companies offer for money and (2) paying for the service by shorting the public companies. But there's a more boring and more widely generalizable -- yet still vanishingly rare -- version of this approach in which it just augments the disruptors' business model: You sell better widgets cheaper and make a profit that way, while doubling down by also shorting your competitors.
economics  business 
april 2018 by whip_lash
Buffett Seen Saving More Than $1 Billion on Taxes in Swap - Bloomberg
For the third time in a year, the billionaire chairman of Berkshire Hathaway Inc. has structured a deal in which he buys businesses in exchange for stock that has appreciated. The transactions, called cash-rich split-offs, allow him to avoid capital gains taxes that would be incurred if he sold the shares in the open market.
taxes  business 
march 2018 by whip_lash
Above Avalon: The Goldilocks Era for iPhone Has Begun
The lack of iPhone unit sales growth is not surprising. In May 2016, I published "iPhone Warning Signs" and the conclusion that "the iPhone growth story is breaking apart and management does not seem to be in control of the situation." Over the past two years, this is exactly what has happened as the four iPhone growth warnings signs highlighted in my article have fully materialized. 
apple  iphone  mobile  business 
february 2018 by whip_lash
Americans Are Receiving Unordered Parcels From Chinese E-Criminals -- And Can't Do Anything To Stop Them
Chinese agents shipping ridiculous amounts of hair ties to McGeehan is merely an unscrupulous way for them to fraudulently boost sales and obtain positive feedback for their clients' products on e-commerce sites.
fraud  perverseincentives  business  china 
february 2018 by whip_lash
The Plan to Extract Rare Earth Metals from Coal Mining Waste - Motherboard
They say one person’s trash is another person’s treasure, and that could quite literally be the case for toxic coal mine waste. A group of researchers at West Virginia University is currently building a prototype treatment facility that will clean up runoff from old coal mines while simultaneously skimming out rare earth metals—the difficult-to-separate elements needed to make high tech products, including smartphones.
business  environment 
february 2018 by whip_lash
Could Self-Driving Trucks Be Good for Truckers? - The Atlantic
The other set of numbers in the model—the utilization rate of the self-driving trucks—is the component that leads Uber to a different analysis of the effect that these vehicles will have on truckers. Basically, if the self-driving trucks are used far more efficiently, it would drive down the cost of freight, which would stimulate demand, leading to more business. And, if more freight is out on the roads, and humans are required to run it around local areas, then there will be a greater, not lesser, need for truck drivers.
driving  economics  trucking  business  finance  uber 
february 2018 by whip_lash
This is the stock market crash we needed | The Spectator
But now, if average workers are finally being paid more, there’s the prospect of inflation rising, and higher interest rates to counter it. That pushes up bond yields, which makes equities less attractive while raising general borrowing costs. After a decade of ultra-cheap money, this comes as a shock. The reality is, though, that ultra-loose monetary policy has long been counterproductive, and should have been done away with years ago. What is a shock for the markets is overdue good news for the rest of the economy.
economics  business 
february 2018 by whip_lash
Preventive Care Saves Money? Sorry, It’s Too Good to Be True - The New York Times
Contrary to conventional wisdom, it tends to cost money, but it improves quality of life at a very reasonable price.
business  health  healthcare  economics 
february 2018 by whip_lash
Sriracha Is for Closers
Adam (WeWork staff and management are all first-name kinds of people) explained that he runs something much bigger. “Our valuation and size today are much more based on our energy and spirituality than it is on a multiple of revenue.”

THIS QUOTE IS PRETTY MUCH SUFFICIENT EVIDENCE TO SHORT THE STOCK.
business 
february 2018 by whip_lash
What Charles Schwab customers need to know about their cash accounts | News OK
However, Schwab's not involved in investment banking, in which brokerages sell their souls for business. Unlike those of other brokerages, Schwab's employees are so darned nice and patient on the phone that they seem to be smoking left-handed Luckys or taking happy pills, but I've found that they're just good people. Schwab has impressive numbers — strongly growing revenues, outstanding margins, good income growth and an improving dividend record — and a management team that makes it an attractive long-term investment at today's $54 price.
business  finance  money 
february 2018 by whip_lash
Why I left Google to join Grab – Steve Yegge – Medium
Food trucks lowered the barrier to entry significantly, but food delivery lowers it to near-zero. Cathy and Romano realized you can literally cook out of your own kitchen to get started. They are the forefront of a new era. When this idea inevitably takes off, people are going to be able to order take-out from their neighbors, from anyone in the city who wants to cook their family recipe. It will change cuisine forever.

THIS IS WAY MORE INTERESTING THAN THE ANALYSIS OF WHAT'S WRONG WITH GOOGLE.
business  google  food 
january 2018 by whip_lash
Ten Year's Worth of Learnings About Pricing
There are only 3 pricing strategies: Skimming, Maximization, and Penetration. Skimming means charging the first to buy a product more than the later buyers. Maximization is charging the most you can extract in each sale. Penetration is under-pricing to gain share.
business  economics  sales  pricing 
january 2018 by whip_lash
When the Soviet Union Paid Pepsi in Warships - Gastro Obscura
Soviet rubles were worthless internationally, with their value determined by the Kremlin. Soviet law also prohibited taking the currency abroad. So the U.S.S.R. and Pepsi resorted to barter. In return for cola, Pepsi received Stolichnaya vodka to distribute in the United States. By the late 1980s, Russians were drinking approximately a billion servings of Pepsi a year. In 1988, Pepsi broadcast the first paid commercials on local TV, starring none other than Michael Jackson. The bartering worked well—Stolichnaya was popular in the United States. An American boycott in response to the Soviet-Afghan war, however, meant that Pepsi wanted something else to trade.

So, in the spring of 1989, Pepsi and the Soviet Union signed a remarkable deal. Pepsi became the middleman for 17 old submarines and three warships, including a frigate, a cruiser, and a destroyer, which the company sold for scrap. Pepsi also bought new Soviet oil tankers and leased them out or sold them in partnership with a Norwegian company. In return, the company could more than double the number of Pepsi plants in the Soviet Union. (It also ignited jokes that Pepsi was taking the Cola Wars to the high seas.) “We’re disarming the Soviet Union faster than you are,” Kendall quipped to Brent Scowcroft, President George H.W. Bush’s national security adviser.

SHOULD'VE KEPT THEM, NUKED COKE HQ.
war  russia  business 
january 2018 by whip_lash
The Rockefellers vs. Exxon
All of which is how ExxonMobil found itself in federal court this past November arguing that the Rockefellers were funding a conspiracy against it.
oil  business  politics  climate 
january 2018 by whip_lash
Who are Estonia’s e-residents? – E-Residency Blog – Medium
The latest statistics show that there are almost 30,000 e-residents from 139 countries and the biggest motivation for signing up (at present) is the desire to establish a company. Why? Because companies established through e-Residency are trusted location-independent EU companies, which can be run remotely from anywhere on Earth with low costs, minimal hassle and access to all the tools needed to grow globally, such as international payment providers.
business  estonia  europe 
january 2018 by whip_lash
5 TED Talks to increase your emotional intelligence | The Enterprisers Project
For many leaders, building soft skills is hard. Improve your emotional intelligence with these TED talks
business  leadership  learning 
january 2018 by whip_lash
No wonder Marvin the robot was miserable: AI will make the rich richer – and the poor poorer • The Register
They anticipate a period like the Great Depression, when agricultural innovations meant fewer workers were needed to produce food, reducing agricultural prices and incomes, and thereby driving down demand for urban products.

PRETTY SURE THAT'S NOT THE ORTHODOX THEORY OF WHAT CAUSED THE DEPRESSION.
economics  ai  business 
january 2018 by whip_lash
The Inside Story of BitTorrent’s Bizarre Collapse | WIRED
Nearly everyone to whom I spoke had a different perspective on what had gone wrong at the startup. Infighting. Profligate spending. Strategic mistakes. But to a person, every last one agreed on one thing: the technology that Cohen invented was brilliant. Said one person, “It’s a testament to Bram’s genius that no one has yet built a better trap for moving this big data over bad networks.”

Perhaps the lesson here is that sometimes technologies are not products. And they’re not companies. They’re just damn good technologies. Vint Cerf did not land a Google-size fortune for having helped invent the TCP/IP protocols that power the Internet (though he did get the U.S. National Medal of Technology). What’s more, to be successful, a startup requires both a great idea for a product or service, and a great idea for how to make money off of it. One without the other will fail.
business  technology  bittorrent 
january 2018 by whip_lash
Dallas-Fort Worth scores a passing grade when it comes to luring Amazon's HQ2 - Dallas Business Journal
According to the CNBC report, Texas – including Dallas-Fort Worth, Austin and Houston – received a grade of a B- based on the media outlet's 2017 America's Top States for Business and the U.S. Census Bureau, which seemed to favor several southern cities with strong economies.

Texas was given a passing grade in part because of its developed infrastructure and options for higher education, as well as its history of being a generous state when it comes to offering economic incentives.
texas  amazon  business  economics 
january 2018 by whip_lash
Who Are the Top 1 Percent in America? The Answer from New Research Might Surprise You -
They find that a significant chunk of the income accruing to the top 1 percent of earners in the United States today goes to the owners of mid-market firms in a broad range of non-financial industries around the country. In other words, it’s not Wall Street; it appears not to even be capital at all (or not just capital) that’s driving income inequality in America today. It’s the working rich.
economics  finance  business 
december 2017 by whip_lash
Dallas-based Direct Development developing high-end office magnet as part of $150M mixed-use project in DFW - Dallas Business Journal
The 35-acre mixed-use development, called The Point, at FM 2499 and Silveron Boulevard in Flower Mound, is slated to get underway in fall 2018.

Plans for the project include 215,000 square feet of Class A corporate office space, a 100-room Tru by Hilton hotel and 585 apartments developed by Dallas-based Trammell Crow Residential. The Point could also include additional ground-floor retail and restaurant space, as well as a 5.5-acre green space with pedestrian-friendly walking paths.

The Class A office space could attract a major corporate tenant to Lakeside Business District, said David Watson, managing principal of the Dallas-based real estate development and investment firm.
dallas  realestate  business 
december 2017 by whip_lash
Trump Takes On Amazon Again, Urging ‘Much More’ in Postage Fees - Bloomberg
“Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?”

HE'S NOT WRONG.
amazon  usps  postoffice  politics  business 
december 2017 by whip_lash
Dallas restaurant alleges Yelp intimidation | WFAA.com
Sinnott said he repeatedly turned down the offers from Yelp for additional advertising help. That's when he says his positive Yelp reviews started to disappear and bad reviews started to move up on his Yelp page.
yelp  corruption  dallas  restaurant  payola  business 
december 2017 by whip_lash
Vin Diesel named 2017's biggest box office draw - BBC News
Film fans spent more money on tickets to see Vin Diesel, Dwayne Johnson and Gal Gadot than any other actors in 2017, box office data shows.

WUT.
film  movies  business  idiocracy 
december 2017 by whip_lash
From inboxing to thought showers: how business bullshit took over | News | The Guardian
To be a good citizen, you need to be a productive citizen. There is only one problem, of course: there is less than ever that actually needs to be produced. As Graeber pointed out, the answer has come in the form of what he calls “bullshit jobs”. These are jobs in which people experience their work as “utterly meaningless, contributing nothing to the world”. In a YouGov poll conducted in 2015, 37% of respondents in the UK said their job made no meaningful contribution to the world. But people working in bullshit jobs need to do something. And that something is usually the production, distribution and consumption of bullshit.
business  culture  language 
december 2017 by whip_lash
How to Tell the Truth – Andreessen Horowitz
As you think about the most difficult thing happening in your world and how you might fear your people finding out and freaking out, remember Gettysburg. Be it a deal gone bad, a whiffed quarter, or a layoff, this may be your chance to define not only the event, but the character of your company.
business  culture 
october 2017 by whip_lash
Pricing in reverse: use a product's price to figure out what you need to build. by Nathan Kontny
The too long; didn't read of it is this:

Look up the cost per click of a term from Google Adwords that you conceivably will use to advertise your product.
Take that cost per click amount and divide by 0.015.
You're done. Build something to justify charging that amount.
business  entrepreneurship  startup 
april 2012 by whip_lash
From an idea to replacing my full-time salary in 4 months. How I did it, and what's next! : Entrepreneur
I launched the site on November 3rd and had the first job on the first day.
By the end of November I made my first $1,000 profit, and now the site is doing $1,000 profit per week ($4,000 per month), which exceeds the take home pay from my full time job.
business  startup  entrepreneurship 
april 2012 by whip_lash
Andy Pickens (How I built a startup while working full-time in Finance)
This is the story of how I came to found OKDJ.fm while working 65hr weeks in a New York financial services job, ultimately to leave my job and run OKDJ full time.
startup  business 
march 2012 by whip_lash
Ten Lessons I Learned from Shark Tank Altucher Confidential
The entrepreneurs are often humiliated, laughed at, insulted, ask the stupidest questions I’ve ever heard, but occasionally get some good advice and even better, walk away with a check if one or more of the “Sharks” think their business is a good idea.
tv  business 
february 2012 by whip_lash
Doing Business in Argentina: A Constant Feeling of Crisis
"This happened all over Argentina, on scales large and small. The crisis gave entrepreneurs with money the chance to buy assets and hire staff at a fraction of the precrisis cost. "For the top 1 percent of us, the crisis was great," a serial entrepreneur told me. "We had money, our savings were not in the banks, and we were paying one-quarter the salary. Of course, for people with salaries, it was horrible. It was very sad."

Unfortunately, the crisis made starting up much harder for those entrepreneurs who did not have seed capital, says Silvia de Torres Carbonell, a professor of entrepreneurship at IAE Austral, the top M.B.A. program in the country. "We are an entrepreneurial people," says Carbonell, "but the quality of our companies suffers from the context.""
business  inequality  credit 
september 2011 by whip_lash
Why Chinese Make Bad Managers | China Power
"To ease their own violent paranoia, Chinese managers instil and augment violent paranoia in their staff. To maintain absolute control, they will practice divide-and-conquer by constantly changing favourites, spreading innuendoes and rumours and lies, and acting arbitrarily and violently to induce terror. They won’t compose memos or read financial statements, but they’ll probably have watched ‘The Godfather’ dozens of times, and have memorized The Art of War. China’s management problem isn’t that there aren’t enough alpha males—it’s that there are too many. "
china  business 
may 2011 by whip_lash
How Rajat Gupta Came Undone - BusinessWeek
"The firm's culture may have shaped Gupta more than he shaped it. McKinsey had a culture of superiority, says one longtime client, who declined to be identified, adding that consultants at the firm really seemed to think they were better than anyone else in the business world. This CEO is still shocked recalling an incident in the late 1980s, when a McKinsey team offered to provide him with a road map of what his competitors were doing. When asked how they could produce such information, he was told that McKinsey also worked with his competitors, but he could trust McKinsey to know what was confidential information and what was to be kept private. He says arrogance permeated the firm. The usual rules seemed not to apply. When this CEO listened to a wiretapped phone call from July 2008, in which Gupta relayed to Rajaratnam the details of the Goldman board's discussions about buying a commercial bank, it sounded to him just like Gupta consulting a client."
corruption  business  mckinsey 
may 2011 by whip_lash
Top 10 Dying Industries - Real Time Economics - WSJ
"A new analysis by research firm IBIS World looks at 10 industries that appear to be dying. The list isn’t exactly shocking, but it represents a mix of sectors that are being left behind by technology or have been hurt by cheaper overseas competition."
economics  business 
april 2011 by whip_lash
Made in America: small businesses buck the offshoring trend
Once they do, these businesses often realize something profound: China isn’t the great deal they expected. A January 2010 survey by the consulting firm Grant Thornton found that 44 percent of responders felt they got no benefit from going overseas, while another 7 percent believed that offshoring had actually caused them harm.

One big reason for this growing dissatisfaction is quality. Like Sleek Audio, countless US firms have received long-awaited shipments only to discover that the products are too flawed to sell. This problem is due largely to China’s success: Factories are so overbooked that they have no choice but to favor their biggest clients. The smaller customers can end up facing long delays or hastily assembled products (or both).
business 
march 2011 by whip_lash
Chambers Challenged - Forbes.com
Overnight the extraordinary Cisco, for years a global tech-sector bellwether, became just another big company, not too unlike a certain software giant in Redmond, Wash. During the Internet bubble Cisco was briefly the world's most valuable company, but now it and Microsoft together have a market cap about equal to that of Apple.
cisco  business 
march 2011 by whip_lash
Making Money | Small Business Advice from Jason Fried of Inc.com
One thing I do know is that making money is not the same as starting a business. For entrepreneurs, this is an important thing to understand. Most of us identify with the products we create or services we provide. I make software. He is a headhunter. She builds computer networks. But the fact is, all of us must master one skill that supersedes the others: making money. You can be the most creative software designer in the world. But if you don't know how to make money, you're never going to have much of a business or a whole lot of autonomy.

This is not about getting rich (though there's certainly nothing wrong with that). Instead, for me, making money is about freedom. When you owe people money, they own you—or, at least, they own your schedule. As long as you remain profitable, the timeline is yours to create.

It took me a long time to figure out how to make money. Here's how the lessons unfolded.
money  business 
march 2011 by whip_lash
Business Is Booming
Since then, corporations have discovered that they don't need barges in order to unmoor themselves from the American economy. As corporate profits skyrocket, even as the economy remains stalled in a deep recession, Americans confront a grim new reality: Our corporations don't need us anymore. Half their revenues come from abroad. Their products, increasingly, come from abroad as well.
business  finance  economics  employment 
march 2011 by whip_lash
Cisco Competition Increasing « Kelly Herrell's Blog
One of the very top-top analysts in networking told me recently, “Routing is a sham.” He pointed out that there is absolutely no reason why midrange routing needs to be performed in proprietary, expensive boxes.
Vyatta is in violent agreement with him… and so are a rapidly emerging group of customers and partners.
business  cisco 
november 2010 by whip_lash
Everyone Hates Ticketmaster — But No One Can Take It Down | Magazine
Ticketmaster has two major problems. Most obviously, it gouges ticket buyers. But less talked about is its lack of flexibility. With an old codebase, a huge customer roster, and a long-established way of doing things, Ticketmaster is notoriously slow to innovate. Its new CEO, Nathan Hubbard, points out that his company is starting to add features like interactive seat maps, but even he acknowledges that it “can’t turn on a dime like a startup.”
business 
november 2010 by whip_lash
How Singapore Could Become the Most Important City in the Emerging World
Welcome to Singapore’s rare impractical side: Government-subsidized research conducted mostly by welcomed immigrants who can’t find this kind of science-fair-project cash elsewhere.
business  cities  culture  economy  globalization  technology 
november 2010 by whip_lash
Prison Economics Help Drive Ariz. Immigration Law : NPR
NPR spent the past several months analyzing hundreds of pages of campaign finance reports, lobbying documents and corporate records. What they show is a quiet, behind-the-scenes effort to help draft and pass Arizona Senate Bill 1070 by an industry that stands to benefit from it: the private prison industry.
business  law  migration  immigration 
october 2010 by whip_lash
Corporate psychology: How to tell when your boss is lying | The Economist
Deceptive bosses, it transpires, tend to make more references to general knowledge (“as you know…”), and refer less to shareholder value (perhaps to minimise the risk of a lawsuit, the authors hypothesise). They also use fewer “non-extreme positive emotion words”. That is, instead of describing something as “good”, they call it “fantastic”. The aim is to “sound more persuasive” while talking horsefeathers.
business  career  employment  fraud  psychology 
august 2010 by whip_lash
From Ragas To Riches Part
n the mid-1970's, Patels from Africa and Asia began to emigrate to North America. Any immigrant willing to invest $40,000 in a business could apply for permanent residence, the first step to citizenship. There were limited opportunities for such an investment. Restaurants required the Hindu Gujaratis to handle meat, an uncomfortable activity. Furthermore, a restaurant required one-on-one interaction with guests, confusing for newly-arrived immigrants. But distressed roadside motels could be acquired outright for $40,000.

The new owners brought their business expertise and their families to operate these motels. They instituted modern accounting techniques to monitor the all-important cash flow. Four times cash flow became the mantra of the Patels. If the distressed motel produced $10,000 per year in revenues and could be acquired for $40,000, it was profitable to a hard-working family.
business  finance  india 
august 2010 by whip_lash
Everything I learned in business I learned from these 3 charts | VentureBeat
’ve been building venture-backed businesses for over 11 years now. In that time, I’ve seen a sea change in how businesses are put together. Engineering approaches, marketing approaches, pricing, service delivery … they’re all dramatically different than what they used to be.

But what I’ve come to appreciate is that, ultimately, businesses live and die on three simple dynamics: Distributions, network effects and sigmoid curves (s-curves).  Almost all problems (and most opportunities) come from understanding how to take advantage of these functions – rather than fight against them.
business  entrepreneurship 
july 2010 by whip_lash
How to Lose Time and Money
In most people's minds, spending money on luxuries sets off alarms that making investments doesn't. Luxuries seem self-indulgent. And unless you got the money by inheriting it or winning a lottery, you've already been thoroughly trained that self-indulgence leads to trouble. Investing bypasses those alarms. You're not spending the money; you're just moving it from one asset to another. Which is why people trying to sell you expensive things say "it's an investment."
business  investing 
july 2010 by whip_lash
Clay Shirky: 'Paywall will underperform – the numbers don't add up' | Technology | The Guardian
"Everyone's waiting to see what will happen with the paywall – it's the big question. But I think it will underperform. On a purely financial calculation, I don't think the numbers add up." But then, interestingly, he goes on, "Here's what worries me about the paywall. When we talk about newspapers, we talk about them being critical for informing the public; we never say they're critical for informing their customers. We assume that the value of the news ramifies outwards from the readership to society as a whole. OK, I buy that. But what Murdoch is signing up to do is to prevent that value from escaping. He wants to only inform his customers, he doesn't want his stories to be shared and circulated widely. In fact, his ability to charge for the paywall is going to come down to his ability to lock the public out of the conversation convened by the Times."
business  journalism  culture  internet 
july 2010 by whip_lash
Why did so many successful entrepreneurs and startups come out of PayPal? Answered by Insiders
So when I saw some of the past Paypal employees answering this question on Quora, I was super excited! After all, they should be the only ones who can tell people the inside stories.

Below are some highlights of their answers. *If you want to check out the sources or leave your comments, please go to here and here.
entrepreneurship  business  startup 
june 2010 by whip_lash
In Suit Over Faulty Computers, Window to Dell’s Fall - NYTimes.com
“They were fixing bad computers with bad computers and were misleading customers at the same time,” said Ira Winkler, a former computer analyst for the National Security Agency and a technology consultant. “They knew millions of computers would be out there causing inevitable damage and were not giving people an opportunity to fix that damage.”
dell  business 
june 2010 by whip_lash
At the Heart of the Crash | The New York Review of Books
Not the least striking revelation of Michael Lewis’s excellent book, The Big Short, is that this author of financial best-sellers has changed his mind. In a column for Bloomberg News in early 2007, he praised the rapidly expanding market for derivatives
banking  books  reviews  business  economics 
june 2010 by whip_lash
How Not To Handle A Resignation Gracefully
There are two sides to every story, but this email exchange between Mahalo founder and CEO Jason Calacanis and one of his (now former) employees is a lesson in how not to handle a resignation.
startup  business  resignation 
april 2010 by whip_lash
Exectweets » 39 More of the Smartest Things Ever Said About Business and Life
So here are more insightful sound bites from business leaders, coaches, poets, showmen, scientists, inventors, Presidents of the United States, and other folks who spoke from experience.
business  quotes 
april 2010 by whip_lash
12 Indirect Job Interview Questions & What They Really Reveal
Today, we explore twelve common indirect questions that employers often ask and the motivation behind them.
interview  jobs  career  business 
march 2010 by whip_lash
Built on a Lie: The Fundamental Flaw of Europe's Common Currency - SPIEGEL ONLINE - News - International
The euro had hardly been introduced before the monetary union turned into more of a debt union. Violating the union's self-imposed rules of solid budget practice soon became routine, and not only in Greece. Sometimes it was done openly, and sometimes not. Sometimes it triggered conflict among the member states, while at other times there was mutual agreement over the practice. In general, the offenders seemed to believe that things would work out in the end, and that others would foot the bill.
europe  business  economics  finance 
march 2010 by whip_lash
Your high IQ will kill your startup - Cube Of M
Being intelligent is like having a knife. If you train every day in using the knife, you will be invincible. If you think that just having a knife will make you win any battle you fight, then you will fail. This believe in your own inherent ability is what will kill your startup. Success comes from the work and ability you put in becoming better than the others, and not from some brilliance you feel you may have within you.
intelligence  business  psychology  entrepreneurship  startups 
march 2010 by whip_lash
FreelanceSwitch Hourly Rate Calculator
We have developed this hourly rate calculator to give you a guide based on your costs, number of billable hours and desired profit. It is a simple tool for you to play with.

Remember your hourly rate should always take into account factors like market demand, industry standards, skill level and experience - things that unfortunately we can't put into a calculator!
business  tools  money  finance  career  entrepreneurship 
january 2010 by whip_lash
The Gervais Principle, Or The Office According to “The Office”
He saw signs that in the struggle for dominance between the sociopaths (whom he admired as the ones actually making the organization effective despite itself) and the middle-management Organization Man, the latter was winning. He was wrong, but not in the way you’d think. The Sociopaths defeated the Organization Men and turned them into The Clueless not by reforming the organization, but by creating a meta-culture of Darwinism in the economy: one based on job-hopping, mergers, acquisitions, layoffs, cataclysmic reorganizations, outsourcing, unforgiving start-up ecosystems, and brutal corporate raiding. In this terrifying meta-world of the Titans, the Organization Man became the Clueless Man. Today, any time an organization grows too brittle, bureaucratic and disconnected from reality, it is simply killed, torn apart and cannibalized, rather than reformed.
business  psychology  career  economics 
october 2009 by whip_lash
Why Craigslist Is Such a Mess
The long-running tech-industry war between engineers and marketers has been ended at craigslist by the simple expedient of having no marketers. Only programmers, customer service reps, and accounting staff work at craigslist. There is no business development, no human resources, no sales. As a result, there are no meetings. The staff communicates by email and IM. This is a nice environment for employees of a certain temperament. "Not that we're a Shangri-La or anything," Buckmaster says, "but no technical people have ever left the company of their own accord."
craigslist  business  technology  entrepreneurship 
august 2009 by whip_lash
What the Hotness of Your Waitress Says About the Economy -- New York Magazine
The indicator I prefer is the Hot Waitress Index: The hotter the waitresses, the weaker the economy. In flush times, there is a robust market for hotness. Selling everything from condos to premium vodka is enhanced by proximity to pretty young people (of both sexes) who get paid for providing this service. That leaves more-punishing work, like waiting tables, to those with less striking genetic gifts. But not anymore.
economics  business 
august 2009 by whip_lash
The seven habits of highly effective slackers
On the other hand, the effective slacker quietly performs all the duties required of him perfectly and quickly. An effective slacker always delivers on time, usually because they had it done months ago and made sure no one else was aware. Regardless, the effective slacker is the invisible engine of Fortune 500 corporations. Without them, large organizations are just a large stack of cards waiting to crumble.
productivity  business 
june 2009 by whip_lash
Start-up Strategy: To Change the Game, Change the Economics of How It’s Played
Once you start to look you’ll find companies in every industry that have changed the economics to change the game: from razors to cameras, computers to airlines, magazines to nonprofits. Companies that start by redesigning the economics of an industry often finish by redesigning the whole industry—and owning it.
economics  business 
may 2009 by whip_lash
Why Capital Structure Matters - WSJ.com
Buying stock back, the theory goes, will reduce the supply and increase the price. Dozens of finance students have earned Ph.D.s by describing such signaling dynamics. But history has shown that both theories about lowering and raising stock prices are wrong with regard to deleveraging by companies that are seen as credit risks.

Two recent examples are Alcoa and Johnson Controls each of which saw its stock price increase sharply after a new equity issue last month. This has happened repeatedly over the past 40 years. When a company uses the proceeds from issuance of stock or an equity-linked security to deleverage by paying off debt, the perception of credit risk declines, and the stock price generally rises.
finance  economics  business  debt 
april 2009 by whip_lash
YouTube Is Doomed (GOOG)
Since the majority of Google’s costs for the service are pure variable costs of bandwidth and storage, and since they’ve already reached the point at which no greater economies of scale remain, the costs of the business will continue to grow on a linear basis. Unfortunately, far more user-generated content than professional content makes its way onto the site, which means that while costs grow linearly, non-monetizable content is growing geometrically as compared against the monetizable content that YouTube really wants and needs to survive. This means less and less of YouTube’s library will be revenue-contributing, while the costs of delivering that library will continue to grow.

With the ongoing hammering of ad CPMs and unstoppable growth in the site’s popularity, Google is going to bleed substantial cash on this experiment for the foreseeable future. With costs of operation at half a billion dollars and growing, YouTube’s future is very much in doubt.
business  google  web  advertising 
april 2009 by whip_lash
Small Business Administration - Write a Business Plan
A written guide to starting and running your business successfully is essential. This plan will encourage loans, promote growth, and provide a map for you to follow.
business  startup  entrepreneurship  howto  writing 
april 2009 by whip_lash
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