There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a... See more
This is space that multi brand retailers like department stores should own. They should have the credibility of the high taste of their merchant team (see Barney’s circa 2005) combined with the best staff dying to find you that perfect black tote.
The problem is that the benefits of “community” fall off steeply once you’re in the minor leagues of payto-join PFPs. The real “in” communities will either have unassailable history, or earned reputation elements. Because I have no problem starting nuclear wars with my writing, I’ll end with this: Long Punks, Neutral Apes, Short Penguins and... See more
We’ve been wrong about what our job is in medicine. We think our job is to ensure health and survival. But really it is larger than that. It is to enable well-being. And well-being is about the reasons one wishes to be alive. Those reasons matter not just at the end of life, or when debility comes, but all along the way.
An additional incentive for celebs to be on Cameo is the brand building opportunity for themselves. They not only make money from the video, but remain in the consciousness of their true fans. The biggest fear with fame is to be forgotten, and Cameo curtails that concern. Celeb fans are incentivised to share the video too, making them more likely... See more
In your life, there are going to be constant demands for your time and attention. How are you going to decide which of those demands gets resources? The trap many people fall into is to allocate their time to whoever screams loudest, and their talent to whatever offers them the fastest reward. That’s a dangerous way to build a strategy.
Jet black also arrived at a time when a few startups had been trying text-based shopping, including Hello Alfred, Magic, GoButler, Operator, Fetch, Scratch and others. (Most have since failed or pivoted.) Walmart’s entry into this market, at the time, was then considered notable.