The Internet has removed scarcity, meaning business models based on controlling distribution are no longer viable. Instead, the key to success is controlling access to the best customers — and that means being the best.
Read all of Ben Thompson’s Funnel Framework.
I really enjoyed this presentation from Andressen Horowitz on how funding has evolved, and the current tech situation vis a vis the bubble around the turn of the millennium. It’s a pretty strong case for there not being a bubble right now. Go full-screen to be able to read it well.
And remember the $5 billion website, 5 billion we spent on a website, and to this day it doesn’t work. A $5 billion dollar website.I have so many websites. I have them all over the place. I hire people, they do a website. It costs me $3.
We were just talking about government websites! The transcript of Donald Trump’s 2016 presidential announcement is one of the more interesting things I’ve read in a while. “And I promise I will never be in a bicycle race. That I can tell you.” In the spirit of alway saying something positive, I do agree that La Guardia airport is a hot mess.
How Facebook is eating the $140 billion hardware market — I’ve always said that open source eventually dominates every market it enters, and with enterprise hardware it’s in the very, very early stages but this article is chock-full of examples of the economies of scale when companies start collaborating on shared problems. The problem is one company’s inefficiency and wasted cost is another company’s revenue. Cool to look at in the context of yesterday’s post on government.
Fast Company has a great and in-depth look at the United States Digital Service (and similar programs across the government) that is really interesting. They have a number of people involved that I really respect, and I can’t wait to see the results of it not just in the remainder of Obama’s term, but the coming decade. It’s shocking how much is spent on IT at not just the federal level, but the waste at the state and municipal level is even more shocking in many ways because there is so much duplication across the country (and the world). I’ll be blogging more about this theme this week.
“It’s easy to be very busy but not get anything done that you’ll look back a year from now and say was worthwhile.”
“You’ll get a lot of contradictory advice, and often neither side is wrong.”
Entrepreneur.com collected a few quotes from me and blogged some context for each.