Wednesday, 23 August 2017

How could corporate respond to threats from start-ups?

Corporates can respond to threats from start-ups by:

  • Invest
  • Invent (start internal project in that area)
  • Acquire
  • Partner
  • Incubate
- Evangelos Simoudis on A16Z podcast

Also mentioned by his collaborator Steve Blank: 
https://steveblank.com/2015/12/17/how-to-set-up-a-corporate-innovation-outpost/

Prototyping for Rent the Runway

"We never did research in an academic sense. We did real world research. Which was that we went to Bloomingdale's , bought about 100 dresses, all in our own sizes so that if this experiment didn't work out we would have an awesome new wardrobe. We spent a lot of our savings on this. We hosted a pop-up at Harvard undergrad. And we invited different groups of Harvard undergrads to the pop-up. And the idea behind this was to learn (a) will women rent dresses; (b) what do they rent, how much will they pay, what brands do they want, and most importantly if they do rent what happens to these garments after they rent. Do they get destroyed? Can you send them through the mail? How do you dry-clean these items. And so on and so forth."

"Our first pop-up was in April 2009".

"I got the sense that it would work because I saw the emotional effect. So in this pop-up I saw girls stripping down, trying on these amazing dresses, and feeling beautiful. And you saw their facial expressions change. And they threw their shoulders back, and tossled their hair. And they walked with a new sense of confidence. And you know I really thought this could be a business that isn't just about offering her a rational or smart choice, but it can also be a business that is delivering something emotional to her. Making her feel beautiful every single day."

- co-founder Jenn Hyman, Rent the Runway

Source: How I Built This podcast, http://one.npr.org/?sharedMediaId=541686055:541701331

Prototyping Buzzfeed

Jonah Perretti used the Nike ID sweatshop viral email and Black People Love Us as experiments into what goes viral. This would go on to form the basis of Buzzfeed.

Source: How I Built This podcast, http://www.npr.org/podcasts/510313/how-i-built-this 

Monday, 21 August 2017

The right prototype



Source: http://usblogs.pwc.com/emerging-technology/the-power-of-picking-the-right-prototype/

Friday, 11 August 2017

Marc Andreessen Quotes

Make new mistakes
https://www.wired.com/2000/08/loudcloud/

Strong opinions, weakly held
https://a16z.com/2017/08/07/strategy-tactics-large-companies-management/

Thursday, 25 May 2017

Slack

Slack came out of failed game Glitch. They took the customised communications tool the team used to build the game and created a new stand alone product.

https://www.cnet.com/news/flickr-founder-plans-to-kill-company-e-mails-with-slack/

Pixar

Started as a hardware company. The Pixar Image Computer never sold well, but the people involved had long-held ambitions to make an animated film and eventually Toy Story saved the company.

https://en.wikipedia.org/wiki/Pixar


Tuesday, 10 January 2017

Flickr - accidental innovation

Flickr was originally a chat room for gamers with photo sharing capability.

The company made a game called Game Neverending, and Flickr was a tool for it. But ultimately the game got shut down and Flickr continued.

https://en.wikipedia.org/wiki/Flickr

Monday, 8 August 2016

Defensibilities

In the olden days their were lots of 'defensibilities' that a company could have (barriers to entry or ways to get a sustainable competitive advantage). You could have a port or iron mine in the right place. Software business are left with just 4 types of defensibility:

  • Brand - awareness or recognition of your brand
  • Scale - e.g. Amazon, they are so big they have lower prices, so it's hard to compete.
  • Embedding - you embed your software in another organisation so that it's hard to take out.
  • Network Effects - you have so many users it's hard to anyone else to 
James Currier of NFX Guild on A16Z podcast:
https://soundcloud.com/a16z/network-effects-taxonomy#t=4:08

Defensibilities

In the olden days their were lots of 'defensibilities' that a company could have (barriers to entry or ways to get a sustainable competitive advantage). You could have a port or iron mine in the right place. Software business are left with just 4 types of defensibility:

  • Brand - awareness or recognition of your brand
  • Scale - e.g. Amazon, they are so big they have lower prices, so it's hard to compete.
  • Embedding - you embed your software in another organisation so that it's hard to take out.
  • Network Effects - you have so many users it's hard to anyone else to 
James Currier of NFX Guild on A16Z podcast:
https://soundcloud.com/a16z/network-effects-taxonomy#t=4:08