My Favorite Posts
Category Archives: Business
If you’re a tech entrepreneur, you have probably seen the following graphic by Andrew Parker: Entire multi-billion dollar companies have been started by building a far superior experience around one tiny link on Craigslist. There is a new Craigslist. It’s Facebook groups. Over 700 million people use groups monthly(reported as of late last year). That’s massive, massive potential distribution for startups (and proof of supply & demand). I’ve spent A LOT of time with groups over the past year, since Horizon’s goal is to put hospitality exchange inside existing groups. Buy Nothing is one movement with massive scale entirely built inside Facebook groups. I recently moved to Queen Anne in Seattle, and numerous friends told … Continue reading
I watched the following TEDx talk by Adam Carroll this morning. The topic? Money when it’s not “real”. Cash is tangible. You can hold it. If you spend it, you don’t have it anymore. Credit cards, less so. You swipe, and digitally you have more debt you need to pay off at some point in the future. But, 10 minutes later, you can go to a different store and go farther into debt. The next iteration is digital payments. Apple Pay. Tap, and be done. I’ve long worried about what will happen to consumer debt once you can put a $100, or $1000, transaction onto your credit card in less than 1 second by swiping your … Continue reading
My friend (& Horizon advisor) Shannon sent this article to me the other day. I love it. Particularly: What if, instead of focusing on exits, we focused on sticking around? What if the focus wasn’t on selling up and moving on, but instead was on handing down and passing on? Many entrepreneurs build companies because they see a financial opportunity. They fully expect to exit by selling the company. That’s fine of course. But that’s not me. The goal with Horizon is to build a long term company that is passed down to the next generation. Which, of course, is why that blog post resonates with me…and why Shannon sent it.
The desire to “change the world” is common among entrepreneurs. Via Seth Godin The public square is more public than ever, but minds are rarely changed in 140 character bursts and by selfies. If you ask me, there’s still far too much time, effort, and money going into the time suck economy. That’s okay, since it’s not my time, effort, and money — everyone has the right to do what they want with their lives.
Everyone knows the personal savings rate has been in decline in America for decades. Well, here’s part of the reason… Paypal is attempting to FORCE me to purchase on credit (this specific transaction is actually a donation to ALS, but that’s not the point), instead of with cash. Really?
I saw the news that Kent Goldman of First Round Capital was branching off to start his own firm called Upside Partnership, and instantly flagged him in my mind as a venture capitalist I want to work with. Why? Go read the post on Horizon.
Some good stuff to think about here related to raised a seed round… via Semil Shah