sari

Governance minimization means reducing the power and reliance on governance wherever possible.

“ There is no shortage of good days. It is good lives that are hard to come by. A life of good days lived in the senses is not enough. The life of sensation is the life of greed; it requires more and more. The life of the spirit requires less and less; time is ample and its passage sweet. Who would call a day spent reading a good day? But a life... See more

Reddit has doubled down on digital ads under CEO Steve Huffman, and more than doubled revenue from $76.9 million in 2018 to $181 million in 2020. It is expected that its revenue will cross $350 million in 2021. The revenue growth represents a YoY increase of 93%, which is staggering.

“At Panera, we talk a lot about what we call the “desire to friction ratio.” While that sounds math-y, it’s actually a simple idea for any consumer business: You want to keep increasing your customers’ desire for your product while working to reduce the friction they have to put up with to get your product.”

There are many traps, both logical and emotional, that can get in the way. Steve Jobs’s philosophy is one school of thought that can be misapplied ––“Some people say give the customers what they want, but that's not my approach. Our job is to figure out what they're going to want before they do.”

Doordash and Uber both emerged as leaders delivering from individual stores to individual customers. However, both have been expanding into owned microwarehouses as this model could be more profitable in certain categories, like convenience, grocery, and other consumer categories.

Which brings me to my next point: the incentive should always be meeting in real life. Matching, exchanging numbers, texting is great, but the end goal of the app should push the meet. It’s strange that apps haven’t done this.