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I will just reply this with a laugh :D
10 years ago
Since this is not the first person source, and there is no cost figure provided, it is a lot of guess work. I can have my own guess. Maybe they enter into Mobile too late? Or they seems to be confuse about their money? Maybe they thought of acquire hire in first place? Or maybe all of them. It's just guess.
There are a lot of post mortem, some with figures: http://www.theverge.com/2013/11/5/5039216/everpix-...
There are different things in business.
But frankly, I am just not interested in posting anymore. Man, I am just too damn tired for all this shits.
There are a lot of post mortem, some with figures: http://www.theverge.com/2013/11/5/5039216/everpix-...
There are different things in business.
But frankly, I am just not interested in posting anymore. Man, I am just too damn tired for all this shits.
Oh, yup. We want innovative, we want originality. Yes, we want startup that can making a difference, see and think beyond the future. Oh yes, and we expect them to make money too.
Startup need time to tell and to see what is going to happen. In the meantime we want people to make money, demand the same standard as everyone else and let others impose the same demand to everyone else. We want contradictory things.
If we are expected to sell faster horse, instead of doing cars, i think it is OK. What's not ok here is that you people expect others to sell horse but in reality want a car.
I seems like Tom Cruise's Edge of Tomorrow. :D Repeating, repeating, repeating.
Startup need time to tell and to see what is going to happen. In the meantime we want people to make money, demand the same standard as everyone else and let others impose the same demand to everyone else. We want contradictory things.
If we are expected to sell faster horse, instead of doing cars, i think it is OK. What's not ok here is that you people expect others to sell horse but in reality want a car.
I seems like Tom Cruise's Edge of Tomorrow. :D Repeating, repeating, repeating.
Here is your "i want to change the world, this is my business plan".
This is how the car look like, got wheels under the car body, and with this design mechanism, it can burn the oil to energy to move the car. (How it work)
There are x number people are riding horse, and increase y percent yearly. They may replace horse with our car because faster and can travel anytime as long as the car has fuel. The house need to rest after few hours. (Potential market size and competitive advantage )
This is our cost to build a car and target selling price. (Business plan with clear business model)
Now, I need z amount of money to achieve this.
Here is how Benz (the first automobile) did it. He improved the engine first, making it reliable for his wife to ride the 106km to her's mother home. And Bertha didn't inform his husband before taking the ride.
And exactly what General Motors did with your plan. They launched EV1, planned to replace or at least to partially replace oil powered car. There are X number of oil powered car, and sales increasing Y percent yearly. The response from public is good. It has Z more traveling distance. Compared to cars, it has potential market size (California starting to ban oil powered car), competitive advantage (longer distance), and GM is targeting to lease it out (business plan with clear business model).
Now, They lost $1 billion.
When we say about business plan, we really have a working one. It merely describe, not planning. Schools would have taught students to plan, organise, lead, control. One successful entrepreneur disagree and told me: Act, Strategy, Target. We need to act first to get feedback, then formulate our strategy, and finally our target.
Go to change the world first. Forget your business plan.
Again and again, I am feeling I am the only one who told story after story. Now, it's your time to tell me stories.
This is how the car look like, got wheels under the car body, and with this design mechanism, it can burn the oil to energy to move the car. (How it work)
There are x number people are riding horse, and increase y percent yearly. They may replace horse with our car because faster and can travel anytime as long as the car has fuel. The house need to rest after few hours. (Potential market size and competitive advantage )
This is our cost to build a car and target selling price. (Business plan with clear business model)
Now, I need z amount of money to achieve this.
Here is how Benz (the first automobile) did it. He improved the engine first, making it reliable for his wife to ride the 106km to her's mother home. And Bertha didn't inform his husband before taking the ride.
And exactly what General Motors did with your plan. They launched EV1, planned to replace or at least to partially replace oil powered car. There are X number of oil powered car, and sales increasing Y percent yearly. The response from public is good. It has Z more traveling distance. Compared to cars, it has potential market size (California starting to ban oil powered car), competitive advantage (longer distance), and GM is targeting to lease it out (business plan with clear business model).
Now, They lost $1 billion.
When we say about business plan, we really have a working one. It merely describe, not planning. Schools would have taught students to plan, organise, lead, control. One successful entrepreneur disagree and told me: Act, Strategy, Target. We need to act first to get feedback, then formulate our strategy, and finally our target.
Go to change the world first. Forget your business plan.
Again and again, I am feeling I am the only one who told story after story. Now, it's your time to tell me stories.
Put it that way: How you, your people and your investors are going to know what you are charging while your user don't know you?
If we are expected to sell faster horse, instead of doing cars, i think it is OK. What's not ok here is that you people expect others to sell horse but in reality want a car. And this same kind of mentality just repeat again and again. As a Founder, it is my duty to tell people to face the honest problem that we don't yet and we are keen to figure out.
Unfortunately, there isn't much people here who want this reality. But surely there is like-minded people out there. Find them become the Founders' responsibilty. Get out and find one.
If we are expected to sell faster horse, instead of doing cars, i think it is OK. What's not ok here is that you people expect others to sell horse but in reality want a car. And this same kind of mentality just repeat again and again. As a Founder, it is my duty to tell people to face the honest problem that we don't yet and we are keen to figure out.
Unfortunately, there isn't much people here who want this reality. But surely there is like-minded people out there. Find them become the Founders' responsibilty. Get out and find one.
By the way, why Tesla? Why Elon Musk name it Tesla? Do anyone here know how Tesla died? Of course, broken man. Larry Page and Elon Musk take this very seriously, they didn't want to repeat the same mistake. They are the guys who see the vision and big picture. The fake Engineer? Might forgotten to put the meter.
This really reminds me what critical thinking is. Don't we realise that this conversation would not be beneficial if you can't really understand the words behind it? When we talk about industrial revolution, we have engineers, great engineers. They function not merely as a people who think only as functions, but also get to the whole picture and see how it works. The first engineer for workable Steam Machine is not James Watt, but he is the first one who get the whole picture. Getting the whole picture is important, and bear with me the importance of critical thinking. Yes, I am indirectly criticizing you, but what I hope is that you guys can counter argument with an understanding of history and a bit philosophy. This is exactly what I hope I can get by having conversations that are beneficial not only you but also me. Unfortunately, people just want input, more inputs.
And if I need to correct you, you are dead wrong. Warren Buffet, so called capitalist/businessman is the utmost respected figure in US, even more than Elon Musk (although I too respect him). Do you know why? I bet you don't and I have to answer this question again. He enables enterprise like Cola, GEICO, Washington Post, etc to grow and diverse by letting managers or management to do their own things. If you be a little bit of sensitive, you might notice he is also the one who leads the pledge to distribute his wealth. He has the utmost capacity to make sure every business run as they should if you were to sell. Just give him a call if you do have a good business to sell and wish to retire early. If he would have revolutionise something, we will call it "Investment". I bet you know nothing, and this is first time I personally attack you, stupid.
I don't look down on engineers, I look down on people without critical thinking, sorry.
And don't try to be stupid by picking the investment topic of telling people "A Warren Buffet type of capitalist/businessman would not have the capacity to do so. It is not always about the money.". It will make a good joke and laughter for people to refer. Investment is also an art, money isn't the whole part. Plus, you never been to the financial. If you got a chance, see it yourself and get out of your chair! Stop be an arm chair general!
And if I need to correct you, you are dead wrong. Warren Buffet, so called capitalist/businessman is the utmost respected figure in US, even more than Elon Musk (although I too respect him). Do you know why? I bet you don't and I have to answer this question again. He enables enterprise like Cola, GEICO, Washington Post, etc to grow and diverse by letting managers or management to do their own things. If you be a little bit of sensitive, you might notice he is also the one who leads the pledge to distribute his wealth. He has the utmost capacity to make sure every business run as they should if you were to sell. Just give him a call if you do have a good business to sell and wish to retire early. If he would have revolutionise something, we will call it "Investment". I bet you know nothing, and this is first time I personally attack you, stupid.
I don't look down on engineers, I look down on people without critical thinking, sorry.
And don't try to be stupid by picking the investment topic of telling people "A Warren Buffet type of capitalist/businessman would not have the capacity to do so. It is not always about the money.". It will make a good joke and laughter for people to refer. Investment is also an art, money isn't the whole part. Plus, you never been to the financial. If you got a chance, see it yourself and get out of your chair! Stop be an arm chair general!
Probably I should not reply craps. I prefer benchmarking things on the superiority. Others prefer benchmark things on stupidity. This is called this the law of creepiness.
The sole reason to reply is to make the ecosystem better. Doesn't seems useful at all. Continuing chatting with people possess these types of mentality really sucks.
The sole reason to reply is to make the ecosystem better. Doesn't seems useful at all. Continuing chatting with people possess these types of mentality really sucks.
Ha! Reminded me of industrial revolution. James Watt isn't the first to build the steam machines, but is the first to find someone to sell it. Richard Arkwright isn't the original inventor of spinning frame, but is the one who builds factories. So much for engineers and industrial revolution.
Knowing what is making money and acting on make money is totally two different thing. We might know how the money making by watching our peers how they did it. What we might not know is whether it is suitable for us or it is the way to the future. Precisely Facebook didn't follow their "Ads" model and wait till they figure out how to really make money, which is utilising user's data to show information "targeting" instead of purely showing banner, Facebook triumph over MySpace which is told by News Corp to utilise their webpage to put in as many ads as possible.
Without a base and vision, there will be no way to see where the money coming from. From the on start, Mark has an vague idea of creating the digital phonebook for every single man and woman in this world, connecting them. He merely work his way and clarify things by testing them out. "Ads" is not important, but data is. This is where the money comes and now everyone see it. By targeting Ads, information become useful. The real selling point is user's data, not Ads anymore. In contrast, MySpace sold out pretty early, and the business comes in. Instead of testing things out, they just merely putting Ads everywhere, crashing browser and droving users to FB.
Being told by so many people to have a business model that makes money, you are 1) Committed to your promise; 2) Directing your focus to something else; The 1) consequence is that you now need to be accountable for your promises which will be self reinforcing while you are still in your growing stage. This also makes 2) your need to focus on business side which might is not the right time to do it. By taking away your focus from the people and the product, right now you got two burning headache problem that requires your attention. And when you don't deliver, 1) will come back to haunt you, making 2) an almost impossible mission. Even if you do deliver, there will be self-reinforcing cycle that divert you to a path that is not right in your stage. This is why as founders, it is more important for us to sense the wrong thing. Once there is a smelly rat in the corner, we just need to avoid it. But if we are into it, make sure we get ourselves out of trouble fast.
And indeed, I have repeated my stance again and again. I smelled rats in this corner. The primary dying cause of startup is not running of out money, it is running out of passion. And together with the wrong enviroment, even passion will get dimmed by people who repeatedly told us that we are not going to succeed. "It's never too early to make money but it might be too late to save your startup when you starting to run out of money.“, this is precisely get us all into the trouble in the first place. People, if asked, will they invest in a business that will not get their return in 5 years, they will say NO. Me too. And BUSINESS IS NOT STARTUP. My internal return for any business I invest is 20%~30% per year securely, my friends is even higher, 60% per year. If we got a scarcity of resource, startup that provide 0% and might require continuously pumping money is a CRAZY choice compared to my others business investment. Precisely WE ARE CRAZY and we actively seeking out those who are as crazy as our. This is why we are doing startup.
People need to be crazy about the idea. You don't ever compare things in ways that doesn't work for you. This is stupidity, not crazy.
Without a base and vision, there will be no way to see where the money coming from. From the on start, Mark has an vague idea of creating the digital phonebook for every single man and woman in this world, connecting them. He merely work his way and clarify things by testing them out. "Ads" is not important, but data is. This is where the money comes and now everyone see it. By targeting Ads, information become useful. The real selling point is user's data, not Ads anymore. In contrast, MySpace sold out pretty early, and the business comes in. Instead of testing things out, they just merely putting Ads everywhere, crashing browser and droving users to FB.
Being told by so many people to have a business model that makes money, you are 1) Committed to your promise; 2) Directing your focus to something else; The 1) consequence is that you now need to be accountable for your promises which will be self reinforcing while you are still in your growing stage. This also makes 2) your need to focus on business side which might is not the right time to do it. By taking away your focus from the people and the product, right now you got two burning headache problem that requires your attention. And when you don't deliver, 1) will come back to haunt you, making 2) an almost impossible mission. Even if you do deliver, there will be self-reinforcing cycle that divert you to a path that is not right in your stage. This is why as founders, it is more important for us to sense the wrong thing. Once there is a smelly rat in the corner, we just need to avoid it. But if we are into it, make sure we get ourselves out of trouble fast.
And indeed, I have repeated my stance again and again. I smelled rats in this corner. The primary dying cause of startup is not running of out money, it is running out of passion. And together with the wrong enviroment, even passion will get dimmed by people who repeatedly told us that we are not going to succeed. "It's never too early to make money but it might be too late to save your startup when you starting to run out of money.“, this is precisely get us all into the trouble in the first place. People, if asked, will they invest in a business that will not get their return in 5 years, they will say NO. Me too. And BUSINESS IS NOT STARTUP. My internal return for any business I invest is 20%~30% per year securely, my friends is even higher, 60% per year. If we got a scarcity of resource, startup that provide 0% and might require continuously pumping money is a CRAZY choice compared to my others business investment. Precisely WE ARE CRAZY and we actively seeking out those who are as crazy as our. This is why we are doing startup.
People need to be crazy about the idea. You don't ever compare things in ways that doesn't work for you. This is stupidity, not crazy.
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