I think the biggest career mistake young people make is they’re afraid to look dumb, so they follow safe paths that cap their downside, not realizing that they also cap their upside.
* Traditional TV has too many ads. Users have demonstrated that they will go to great lengths to avoid the advertising load that traditional TV places upon them. Setting aside sports and other live event programming, consumers are increasingly moving to on-demand viewing, in part because of the lighter ad load (achieved via ad-skipping DVRs,
This is how Warren Buffett, one of the most successful people in the business world, describes his typical day: “I just sit in my office and read all day
An American friend who sends his kids to school in Shanghai tells me that Chinese schools teach math the way that American schools teach sports: with the expectation that every child is capable.
Could you imagine if Amazon gave its customers a 2% “cashback” on their purchases, but in the form of Amazon stock? Many of its first customers in the early 2000s would literally be millionaires in 2021, just for buying a few things a month.
Freemium business models gate features and/or usage while allowing people to experience the basic toolset for free, forever. These products do best when they gate access to information.