The Buddha would have made an excellent product manager 🤩️. He was obsessed with solving people’s problems, he summarized his ideas into handy lists, and he developed simple frameworks for achieving his vision. He was also one of the earliest practitioners of working from first principles, famously sitting under a Bodhi tree for forty nine days straight in order to “see things as they truly were.” 🧘♂️Continue reading “What Buddhism Taught Me About Product Management”
- The ability to match demand and supply (allowing for mutual discoverability) thanks to their ownership of demand is only one of the two advantages of aggregators, the other being the ability to allow counterparts who do not know each other to transact with each other.
- In the markets where the supply of aggregators operate, centralization was caused by the demand using popularity of suppliers as a proxy for their trustworthiness.
- As a consequence of the fact that aggregators can provide the otherwise missing trust element between a customer and a product or service provider who do not know each other, and thus popularity becomes a negligible factor in the users’ choice of a provider, the distribution of profits in markets in which the supply of aggregators operate flattens over time, whereas the market at the above layer (the aggregators’) centralizes.
- The importance of the trust element opens up the possibility of a new threat to aggregators: whereas their self-reinforcing dominant position on the match-making side is hard to be disrupted, this isn’t true for their position on the trust-enablers one. In particular, the share of their profits that come from replacing costs to act in trust-less environments is open for disruption from any new entrant with an innovative trust-minimization technology, such as dry technologies.
Britain’s decision to leave the EU risks damaging the UK economy, especially its vital financial sector. But surprisingly, one of the best-performing European financial stocks since the Brexit referendum in June 2016 is a pillar of the UK’s financial sector: the London Stock Exchange Group (LSEG).Continue reading “The London Stock Exchange is one of the best-performing financial stocks since the Brexit vote”
Ten years ago, I started a business with my best friend. Naturally, I was told by many people that co-founding a company with a close friend was a bad idea.
The truth is that many companies start among friends. Former Harvard Business School professor Noam Wasserman (now at the University of Southern California) studied 10,000 tech startups and learned that 40% of founders were friends before they went into business. His research, summarized in his book The Founder’s Dilemmas, also revealed that when founders are friends, it increases the likelihood of startup failure—and each friend on the founding team increases the likelihood of founder turnover by almost 30%.Continue reading “How to start a company with your best friend (and survive to tell about it)”
Um you mean like Tata and Reliance?
It turns out that India is better at creating outsourcing enterprise IT companies than China is.
There are things that India is better at, and stuff that China is better at. China turns out to have gotten into hardware because of Indian laws on manufacturing that killed the industry there. As far as “pure software” I’d say that India is better than China, but the Chinese companies exist to fill a niche. In the case of Tencent and Baidu, it was because Chinese internet laws meant that Western companies couldn’t enter. Ant Financial was because you had a pre-existing P2P loan system that went onto the internet,
If you ask why did X happen, you’ll find lots of random events that happen to just put something in place X.
Also just like people have crazy and outdated ideas about China. People have crazy and outdated ideas about India.
- Infants increasingly lack beneficial gut bacteria due to Caesareans, formula feeding, antibiotics
- Piglets have a hard start in life, and trial will get under way in China to see if product can toughen them up
Evolve BioSystems, a California probiotics products developer, is in talks with Zhejiang University to conduct clinical trials on more than 4,000 pigs this year in the province to improve stock survival rates and cure gut diseases in piglets, said chief executive Timothy Brown.Continue reading “Bacteria for piglets and Chinese infants spur Li Ka-shing’s gut instinct to put his money behind this US biomedical firm”