It turns out getting an investment is a lot like speed dating. One wrong answer can be fine if everything else is top-notch, but two or three answers that are fishy and, well, you’re out. Fortunately it’s extremely educational since you will quickly learn the questions everyone asks, and you’ll learn to see who’s best at it.
For better or worse, people imagine Facebook is run by a benevolent dictator, that the site is there to enable people to better connect with others. In some senses, this is true. But Facebook is also a company. And a public company for that matter. It has to find ways to become more profitable with each passing quarter. This means it designs its algorithms not just to market to you directly but to convince you to keep coming back over and over again. People have an abstract notion of how that operates, but they don’t really know, or even want to know. They just want the hot dog to taste good.
If you look at Condé Nast, 10 years ago they were at the center of many conversations among the elite. Many people read The New Yorker, Vanity Fair, Vogue, Gourmet and more. Today they could disappear and nobody would miss them. It only took a decade.
Amazon launched their very first smartphone yesterday.
It is, arguably, the most overhyped launch in a long time that led to widespread disappointment amongst those who covered the event. Who would, in the right mind, pay that ridiculous sum - in many cases, more than what an iPhone costs - for what is essentially a pocketable shopping catalog, something that’s nothing more than a bridge from your credit card to amazon.com?
But that isn’t going to be what this is about.
It’s Henry Blodget.
And his rationale of why Apple should adopt Amazon’s strategy of giving unlimited free photo storage to the three users who are going to buy their Fire phone…
I take a lot of pictures with my iPhone. And, for two reasons, I don’t like deleting those pictures. First, I like looking at them. Second, I worry that if I delete them, I’ll somehow lose them forever.
Yes, I know that I can stop that from happening by deleting more of my photos. But I’ve already told you I don’t like to do that.