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#startups #internet
Derek Powazek: I’m Not The Product, But I Play One On The Internet
Derek Powazek: I’m Not The Product, But I Play One On The Internet
We can and should support the companies we love with our money. Companies can and should have balanced streams of income so that they’re not solely dependent on just one. We all should consider the business models of the companies we trust with our data. But we should not assume that, just because we pay a company they’ll treat us better, or that if we’re not paying that the company is allowed to treat us like shit. Reality is just more complicated than that. What matters is how companies demonstrate their respect for their customers. We should hold their feet to the fire when they demonstrate a lack of respect.
·powazek.com·
Derek Powazek: I’m Not The Product, But I Play One On The Internet
NYTimes.com: In Groupon’s $6 Billion Wake, a Wave of Start-Ups Follows Suit
NYTimes.com: In Groupon’s $6 Billion Wake, a Wave of Start-Ups Follows Suit
Copying a successful business plan is safe, and tons of companies are copying Groupon. The differentiating strategies of the more successful copycats are interesting, as is the arms-race and recursion of deal aggregators. I find it fascinating that people sign up for this stuff, because I find it wasteful. This is insane: “In just over two years, Groupon has accumulated 60 million subscribers, more than $1 billion in venture capital and $760 million in annual revenue to become the fastest-growing Web company ever. In December, it declined a $6 billion buyout offer from Google.”
·nytimes.com·
NYTimes.com: In Groupon’s $6 Billion Wake, a Wave of Start-Ups Follows Suit