Business Apple and Disney among companies backing groups against US climate bill |
- Apple and Disney among companies backing groups against US climate bill
- Merck says a trial shows it has produced the first effective antiviral pill for Covid.
- CNBC: Key inflation gauge watched by the Federal Reserve hits another 30-year high
- Can someone find out if you applied for a business license by searching your name?
- What your thoughts about ( Boba tea Shop ) Business
- Facebook clarifies that the data is better interpreted as “teens who have lower life satisfaction more likely to say Instagram makes their mental health worse than teens who are satisfied with their lives". What are your thoughts on this?
- PwC tells 40,000 US staff they can work remotely permanently
- More than £200m wiped off AO World’s value amid supply chain problems
- What are the marketing functions?
- Is it a good idea to pursue a business degree if my plan is to start a business, instead of working for someone? If so what specialty?
- How much is a dentist paid in USA?
- Ozy Media chairman quits after bombshell NYT report
- Cash Collateral Loans For New Businesses Questions
- How do I start my own business with little to no money?
- China’s coal miners vow to ‘go all out’ to beat power crisis
- Perfect Day raises $350M and announces animal-free cream cheese
- Google Is Scrapping Its Plan to Offer Bank Accounts to Users
- Network Effects | Part 3
- hello i'm a teenager who needs a bit of advice and words
- Web hosting is a good business?
| Apple and Disney among companies backing groups against US climate bill Posted: 01 Oct 2021 11:32 AM PDT |
| Merck says a trial shows it has produced the first effective antiviral pill for Covid. Posted: 01 Oct 2021 09:52 AM PDT |
| CNBC: Key inflation gauge watched by the Federal Reserve hits another 30-year high Posted: 01 Oct 2021 06:34 AM PDT |
| Can someone find out if you applied for a business license by searching your name? Posted: 01 Oct 2021 09:29 PM PDT Someone found out my friend was applying for a business license and we don't know how they found out. My friend never told them the name of the business or that they were starting a business (it was a pretty big secret, no one else knew), yet this other person found out somehow.. how would they have known? I hope this is the right sub for this! So sorry if not, but I'd love any thoughts! [link] [comments]  |
| What your thoughts about ( Boba tea Shop ) Business Posted: 01 Oct 2021 03:50 PM PDT |
| Posted: 01 Oct 2021 09:19 AM PDT |
| PwC tells 40,000 US staff they can work remotely permanently Posted: 01 Oct 2021 08:06 AM PDT |
| More than £200m wiped off AO World’s value amid supply chain problems Posted: 01 Oct 2021 09:35 AM PDT |
| What are the marketing functions? Posted: 01 Oct 2021 05:02 PM PDT |
| Posted: 01 Oct 2021 03:42 PM PDT I actually registered a business last year (I'm a musician and artist) and I wouldn't be getting a degree in hopes of getting hired after graduation. Although that wouldn't be the worst thing ever, my plan is to use what I learn to grow my own business. Any tips would be greatly appreciated [link] [comments]  |
| How much is a dentist paid in USA? Posted: 01 Oct 2021 03:32 PM PDT |
| Ozy Media chairman quits after bombshell NYT report Posted: 01 Oct 2021 09:34 AM PDT |
| Cash Collateral Loans For New Businesses Questions Posted: 01 Oct 2021 02:07 PM PDT Anyone know of any cash collateral loans for new businesses where one can use cash as collateral for more money? For instance, I have $5k cash but would like $10-$15k capital for Q4. Are there programs out there that will lend on this basis? My business is new and my personal credit is 638 Thanks! [link] [comments]  |
| How do I start my own business with little to no money? Posted: 01 Oct 2021 12:19 PM PDT I'm 18, currently enrolled in college and after a few weeks, I knew college wasn't for me. I'm failing my classes now and I had thoughts on if I should continue to pursue my associates degree or dropout. I thought about it, and I wanna start my own skate shop/clothing store where I sell decks, skateboard wheels, t-shirts, cargo pants, etc., something like Zumiez but only local where it's located in one area and you order online to purchase your items if you live out of state or the country. This is something I've been wanting to do for awhile but I have to have money to do so. I don't have a job rn but I will as soon as next week and I'll be saving up $2K which should maybe take 3-4 months at the job I just applied. I asked myself this all the time. Why should I work for someone else and worry about my income when I can start something of my own and make my own income? Be my own boss and create something of my own that I would enjoy doing? This may not be easy but I need some guidance so I can start from scratch. Any advice? [link] [comments]  |
| China’s coal miners vow to ‘go all out’ to beat power crisis Posted: 01 Oct 2021 12:14 PM PDT China will soon suffer from an energy crises, a dangerous place to be with winter approaching. Coal miners vow to go all out, but how will this be with 70% of the country relying on this energy. https://www.ft.com/content/4536bc72-6eb3-457d-b9a5-a94cc2669a96 [link] [comments]  |
| Perfect Day raises $350M and announces animal-free cream cheese Posted: 01 Oct 2021 05:59 AM PDT |
| Google Is Scrapping Its Plan to Offer Bank Accounts to Users Posted: 01 Oct 2021 09:11 AM PDT |
| Posted: 01 Oct 2021 04:51 AM PDT Having listened to Naval Ravikant numerous times, I have learned that Network effects are one of the most powerful forces to get on your side. As a result, I did a deep dive on network effects and thought I would post my learnings here. As always, would love your feedback on what you think, whether you disagree and how I can sharpen my thinking! -- Creating, investing in, or working for businesses with network effects is a formula for skewing the odds of success in your favor. This requires the ability to identify and understand network effects, including the various types and their implications. My goal is to provide a toolkit that enables investors and founders to analyze and understand network effects. Thus far, we have explored what network effects are and how they work (part 1), as well as the various types of network effects (part 2). The last part of this series will be a case study on Facebook and Uber, two businesses built by network effects. We will look at their network effects and the lessons we can learn from them. "I think that network effects shouldn't be underestimated with [regard to] what we do." – Mark Zuckerberg Facebook's network effects Facebook is perhaps the best example of how powerful network effects can be from a value creation perspective. Facebook first raised outside money at a $5M valuation in 2004 and is currently worth ~$1T (an increase of ~200,000x). Facebook's core network effect is its personal direct network, and this is the network that is most visible to outsiders. But Facebook's success can be attributed to the depth and variety of network effects that it has systematically built over time. [1] Facebook has built four powerful network effects worth analyzing:
1. Personal direct networksBy allowing people to create online reputations and identities, Facebook created the most powerful personal direct network of all time. As Facebook usage increased (through new users or increased usage by existing users), the network became more valuable for all other participants. Eventually, Facebook's personal direct network reached critical mass, resulting in people being less willing to defect to another network where they would have to build their community from scratch. 2. Personal utilityIn 2011 Facebook launched Facebook Messenger and layered another network effect on top of its business. Facebook doubled down on its personal utility network with its $13B acquisition of WhatsApp in 2013. These two products have been tremendously successful: WhatsApp has ~2B active users and Facebook Messenger has ~1.3B. 3. DataFacebook has three distinct data network effects: Content inventory: Users add more content (data) as usage grows, which gives Facebook more options for curating content for News Feed and other applications. Engagement: Likes and comments give Facebook valuable information about the best content to share and spread. Behavioral data adjustments: The combination of the two above-mentioned factors allows Facebook to make real-time upgrades to its products (e.g., News Feed & Instagram trends) to improve the value to users and create a positive feedback loop. 4. 2-Sided marketplaceFacebook has two distinct 2-sided marketplaces: a two-sided media marketplace and a two-sided online classifieds marketplace. Two-sided media marketplace: Facebook's media marketplace is core to its revenue model. The two sides consist of Facebook users (supply side) and advertisers (demand side). The model is so successful that it accounts for roughly a quarter of all online ad revenue in the US. Online classifieds: Facebook Marketplace is essentially Facebook's attempt to displace Craigslist. And it has a strong chance to do so given Facebook's much larger network of users and higher transaction trust. Facebook Marketplace is often connected to user's real names and identities, as opposed to Craigslist, which has anonymous classifieds. Lessons from FacebookFacebook is a great example of how a company can deliberately and methodically build numerous network effects to strengthen its competitive position. Facebook started out as a personal direct network and then added a 2-sided marketplace in ~2008, and a personal utility network in 2011 & 2013, all of which is underpinned by the platform's data network effect. What is most interesting is that while public sentiment regarding Facebook has shifted from positive to negative, the platform is stronger and more valuable than ever before. Network effects are at the root of this phenomenon. For founders, the lesson is to constantly look for ways to incorporate different network effects into the companies they are building. For investors, the lesson is to search for companies that have existing network effects that can act as platforms for additional network businesses. Providing guidance and capital to founders with this capability will skew the odds in their favor. Uber"[The] foundation of our platform is our massive network"- Uber S-1 Uber's network effects: Uber's biggest asset is its network effect. The network effect most synonymous with Uber is its ride platform. However, Uber has built two additional network effects worth exploring, bringing its total to three:
1. 2-Sided asymptotic marketplaceUber's core product is Rides, which is a 2-sided asymptotic marketplace. Uber describes its ride platform as a "liquidity network effect". In the diagram above, Uber shows how each new user adds value to all the other users (demand side and supply side). Its ride network effect has five stages, each leading to the next. In theory, Uber's ride framework should lead to a 2-sided marketplace, but in reality, Uber Rides is an asymptotic marketplace. Asymptotic marketplaces experience an initial value increase to the demand side from supply increases, but this value starts to diminish quickly (more on this in the next section). 2. 3-Sided marketplaceUber has successfully built a 3-sided marketplace with Uber Eats. Uber Eats is comprised of drivers (supply), restaurants (supply), and users (demand). While the food delivery space is highly competitive, Uber has access to a large supply network (drivers) through its ride platform. However, like Rides, Uber Eats is susceptible to multi-tenanting (more on this in the next section). 3. DataUber has strong data network effects across all of its products. The data they collect from each transaction allows Uber to improve demand predictions, matching, dispatching, pricing and routing. The more data Uber collects, the better all of its product lines become, leading to even higher usage. Lessons from UberUber provides two lessons for investors and founders:
1. Not all network effects are equal As previously mentioned, Uber's ride business unit is not a true 2-sided marketplace—it is an asymptotic marketplace. Asymptotic marketplaces experience an initial value increase to the demand side (riders) from an increase in the supply side (drivers). But this value quickly diminishes as supply increases. In Uber's case, increases in driver supply and rider demand are self-reinforcing. More drivers = lower wait times = more rider demand = more drivers, and the flywheel spins. But there is a limit. Dropping wait times from 8 to 4 minutes provides tremendous value to riders. However, increasing the number of drivers to reduce wait times from 2 to 1 minute is significantly less valuable. Further, there is a physical limit to the value creation that increasing supply can generate—it is impossible to go below 0 minutes of wait time. Drivers can't pick up riders in less than 0 minutes. Eventually, increases in supply will have no impact on value flowing to demand, thus limiting the potential of their network. 2. Multi-tenanting results in price competition Compounding Uber's asymptotic marketplace is the low switching costs for both drivers (demand) and riders (supply), which leads to multi-tenanting. Recall that multi-tenanting refers to when the supply side or demand side can use numerous platforms. It costs a rider nothing to switch from Uber to Lyft to another third app. Riders have all three options accessible on their smartphone and often make ride decisions based on price. The same is true for drivers, who can drive for Uber and Lyft simultaneously. Left unaddressed, this can result in ridesharing companies facing a similar fate to airlines where margins are razor thin and consumers make carrier decisions based on price. This is not an attractive position to be in. **\* I hope this three-part series on network effects has been instructive. Network effects are some of the most powerful forces impacting our lives. [3] Having the ability to identify and understand network effects will allow founders to build them, investors to fund them, and workers to be employed by them. Finally, this series is not the final word on network effects. As I learn more, my thoughts will change and I encourage you to dive deeper if you are interested. Thanks for reading and would love any feedback! Regards, Arash Param Notes, Inspirations & Additional Readings
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| hello i'm a teenager who needs a bit of advice and words Posted: 01 Oct 2021 08:34 AM PDT I live in the philippines we're all on our 17s and 18s pretty much in our late teens we want to start a business it should be all of us have different roles but sometimes i do feel that they just depend on me in terms of decision making and all. they don't respond to my ideas sometimes, should i just trust my gut and do the work alone even tho i don't have guarantee that it's gonna work this will be my 2nd time trying because the first one i did, i lost hundreds its hard for me because most of the funds/investment is from me it is kinda hard because it took me years to save that money maybe i need more knowledge about the business side because it's just me myself and the videos that i watch hahaha [link] [comments]  |
| Web hosting is a good business? Posted: 01 Oct 2021 04:31 AM PDT |
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