sari

Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed

Mike Moritz was our board member from Sequoia. Anyone who has ever met Mike or read his writing knows that he has a special way with words. In this meeting, he delivered a simple and devastating message: if we didn’t change – immediately – we would go out of business. It was the single worst meeting of my career.

Here are a few ways retailers can navigate the changes taking place to drive measurable results:

Drivers would have greater ownership and flexibility over their work, as well as the company, which would create lasting loyalty and eliminate their desire to work for competitors.

Consumers will always churn at higher rates vs. enterprise services and even the best consumer apps can expect first year churn to be 30–50%.

While its CEO wouldn’t give any actual subscription numbers, several publishing partners confirmed that they hadn’t yet seen any meaningful revenue from the service. Salon’s CRO stated that Scroll only generates “a handful of dollars every month.” One anonymous publisher said they’d only received a few hundred dollars total.