“But the other surprise was the large number of failures we identified — over 200 that competed with these 43 companies. And we wonder why investors keep throwing money at platforms that are bad businesses. Uber is the poster child for the observation that ‘platformizing’ a bad business doesn’t make it a good business. When we look at the most successful and profitable platforms, they are inherently good businesses. None of them are bad businesses. That’s an important point to think about. So don’t jump onto what we call the “platform-mania” bandwagon, but really think about what you are you investing in. What is the underlying business, and is it fundamentally good or bad? Those are some key takeaways from the book.”
“I tend to believe there’s plenty of room for all kinds of startups in Seattle, and there’s a vibrant ecosystem in town to support them all,” he said.
“But we’re up to new/exciting things,” the short note says.
“As the Chinese economy grows and the world starts to put more focus on China, I believe there’s a chance for Chinese restaurants,” Zhang said.
“Fingers crossed we meet the right tone, but that’s certainly our goal,” Meyers said ahead of the three-hour show. “I‘m looking forward to seeing what people do as much as you are.”
“Consumer expectations are always on the increase, and when it comes to online retail, they operate in a ‘what-have-you-done-for-me-recently?’ paradigm,” Passikoff told CNBC.
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“For them, this has been a really big part of their life, this is their story,” he said. “For some of those people, it’s coming to an end now, and that’s just a big thing to wrap your head around. So I’m just trying to be present and listen. For me, it’s more about the people than it is anything about what ended up happening to the company, although that is significant. I think I just had a lot of time to process that already.”
“In that way, I could put all my energy into caring for my stepson and parents-in-law. I’m still young and can have a baby later.”
“As Chinese, patriotism is not a choice, but an obligation, and also the right path to take,” said Luo, who is also national security adviser to the Committee for Safeguarding National Security of the HKSAR.
“I hope we can all co-exist happily,” said Vicek, noting that many people in Seattle especially like to support small retailers like Sonic Boom.