Got a Hot Seller on Amazon? Prepare for E-Tailer to Make One Too – Bloomberg: “Rain Design’s experience shows how Amazon is using insights gleaned from its vast Web store to build a private-label juggernaut that now includes more than 3,000 products”
*Competition sometimes comes from unexpected places. The retailer is closer to the customer and owns a direct relationship that is hard for a manufacturer to compete with. Think of it as the middleman cutting out the supplier.
A Nerd’s Review of the Tesla Model S – David Smith:
“As with everything Tesla does, autopilot seems to be getting better each and every software update (which as a side note is amazing…my car is better now than when I bought it, which is quite a thing).”
*Over-the-air software updates make new things possible. Your car can get smarter and better over time. Amazing.
The Internet allows easy access to information at the frontiers of knowledge, and modern technology helps to put the gathering and analysis of data within the reach of modest budgets.
*Expanded opportunity for many more people. You can learn a lot with a very modest budget it you invest in Internet access and invest time exploring.
There was something great about the ability to experiment with an idea before committing to it and before sucking other people’s money into it. When it didn’t work, it didn’t work. No need to pivot to save face or get your investors whole. Just shut it down and tinker on another idea.
*The ability to tickle ideas and see how they react is powerful. Don’t get over invested in an idea or business that isn’t and will not work in the market.
D.L. Damore 