Capitalism just like Adam Smith pictured it
2010-03-27
From far away, things that are very different look alike. I grew up in a family of musicians and English professors. To them, the entire…
Stickiness is bad for business
2010-03-25
It is common to hear entrepreneurs and investors talk about the high level of engagement (what we used to call “stickiness”) of their…
Developing new startup ideas
2010-03-14
If you want to start a company and are working on new ideas, here’s how I’ve always done it and how I recommend you do it. Be the opposite…
The importance of investor signaling in venture pricing
2010-03-11
Suppose there is a pre-profitable company that is raising venture financing. Simple, classical economic models would predict that although…
News is a lousy business for Google too
2010-03-07
There is a widespread myth that search engines have taken profits away from news websites. A few months ago, Rupert Murdoch said: “Google…