nicole

Well, and the incredible thing too, I mean, a lot of the time you’re trying to make that product tweak to get you to that hockey stick. But this is truly like the product was stagnant and it was like… (They really didn’t change anything.) Finding the right market and it’s not like they even found it. It’s like in the city it found its way.

…Both Tencent and Alibaba, the sponsors of these ridesharing companies realized that the next battlefield in this longstanding war between the internet giants in China is going to be mobile payments. And that the taxi companies, the ride-hailing companies are ways to spur payment value with mobile payments. So they start to kind of use these two ri... See more

The culture they have and that Evan tries to cultivate there is like “I don’t care what other people have done in the past. We’re doing things our way here.” Which I think you really got to admire, it’s what’s gotten Snapchat to where it is.

[4:18] The Mission Impossible Rule

You can build a very very powerful force in your business model and to other people’s business models if you are the first step in dishing out who gets the attention after you.

Didi does something that I suspect even Travis and Uber, as Machiavellian as they are in the US, couldn’t even imagine and see it coming. Didi starts investing in all of Uber’s rivals around the world including Lyft in the US and Ola in India and Grab Taxi in Southeast Asia, and they announced that they’re going to literally, it's like the allies f... See more

[9:26] Morning Glory

The challenge then becomes raise enough money and keep morale high enough for long enough so that you actually have the time to make it work. Hence the job of the CEO – the momentum creator.