🌍💰The end of the beginning!
Benedict Evans is one of my favorite thinkers about online markets and products. In this presentation at the a16z annual tech conference two weeks ago, he explains that almost all adults have access to the internet now. So this is almost finished. But that contrary to most of our thinking, e-commerce still is only a small fraction of total retail spending. He states, most of the people are online, but most of the money is not. The past 20 years has been about e-commerce and advertising, the next 20 years will about everything else! Watch his presentation and get a good sense of the mind boggling size of the markets that are still not online and are ready to be transformed in the next 20 years.
https://www.ben-evans.com/benedictevans/2018/11/16/the-end-of-the-beginning
🙊💸Did Facebook shows it’s true face?
NY times discovered that Facebook knew of massive Russian interference through Facebook already in the spring of 2016. And despite internal evidence of intentions to disrupt the American elections, viral propaganda and fake news. Choose selling ads and company growth over the truth.Later things got even crazier. On the outside FB launched an apologizing campaign emphasizing, privacy, friendship and trust. On the inside, the gloves were off. And they launched an aggressive lobbying campaign going after Facebook critics and directing public anger towards rival companies. They even hired a PR firm who went as far to create actual ‘fake news’ about Facebook critics and adversaries. Holy shit! This made me think. How can you minimize this risk or rapidly shift to other channels, when the ethics of a social platforms collides with how you want to treat your customers.
The podcast: https://www.nytimes.com/2018/11/16/podcasts/the-daily/facebook-zuckerberg-sandberg-russia-election-data.html
The article https://www.nytimes.com/2018/11/14/technology/facebook-data-russia-election-racism.html
🤩🌈 The king of Kashmeres remarkable vision on business.
Easily the one of the most inspiring articles I have read in the last month! It’s an interview with the Italian King of Kashmere – and billionaire – Brunello Cucinelli by technology journalist @Om. He has such a original and profound vision on business, craftsmanship and appreciation of skills. I found it truly inspiring. Here’s one of his quotes, but read it!
“Brunello: You must believe in the human being, because the creativity of a company — Let’s say you have a company with 1,000 people. Maybe we were told that there are only two or three genius people in the 1,000. But I think that if you have 1,000 people, you have 1,000 geniuses. They’re just different kinds of genius and a different degree of intensity”
https://pi.co/brunello-cucinelli-2/