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…