Ben's Blog

JUNE 18, 2011

So it looks like the market leaders are trading closer to recession multiples than bubble multiples. This has to do with adoption rates; this period seems about right for the oldest cohorts (less likely to adopt new technologies) to die off and for younger cohorts (quickest to use new technologies) to enter the market.

Technical Review 76

Technical Review Software Review Valuation Internet 76

abovethecrowd.com

JANUARY 30, 2015

In their seminal 1994 book Built to Last: Successful Habits of Visionary Companies , Jim Collins and Jerry Poras coined the term BHAG (pronounced BEE-hag) — an acronym that stands for “ B ig H airy A udacious G oal.” This allows the company to “forward invest” capital to help these markets achieve lower consumer prices even faster.

Technical Review 40

Technical Review Algorithm San Francisco Demand 40

Andrew Payne

AUGUST 10, 2011

When we started Open Market in 1994, a basic Unix server and SQL database cost $100-200k. It took real money to build Internet companies, and that meant competition was limited by available capital. Now, anyone with a $500 laptop can start an Internet company (or copy your idea).

SQL 40

SQL Database Acquisition Differentiation 40