tag
Startups
- #74 7 min
Plant Trees Before You Need the Shade
Like humans, companies go through phases. There’s the early seed and development phase. Founders are so preoccupied with a problem they go crazy. They consider solutions and the feasibility of a business. There’s the startup phase, when a business is actually born, and it stumbles towards product/market fit. There’s the growth and scaling phase, as we try to close more and more deals while, at the same time, hiring the right people. If we’re lucky, we reach the later stages. There’s the expansion phase, as we attempt to land and expand or attack new verticals or geographies. This is when things get really interesting—and hard. Who are the right people to hire? What are the right products to build? The formula that got us here almost certainly won’t get us there. Lastly, there’s maturity, which is when the business has really hit its stride. Maybe there’s an exit, and very likely there’s new leadership involved.
- #24 5 min
The Sharing Economy: A Race to the Bottom
Last year, Airbnb hosted more than four million guests around the world. ((https://www.airbnb.com/annual)) A million rides were shared on Lyft just over a year after it launched in 2012 ((http://techcrunch.com/2013/08/08/lyft-1m-dc)). These data points alone seem impressive, but the growth of this phenomenon is staggering. The “sharing economy”—as it’s being called—enables just about anyone to become their own micro-entrepreneur. New companies like Uber, TaskRabbit, and Airbnb are popping up at a remarkable rate, and they’re disrupting traditional businesses in astonishing fashion. An entire conference dedicated to this new socio-economic system occurred just a few months ago, but the truth is the sharing economy is little more than marketing sleight of hand.