25 learnings in 25 years
I wanted to write a story on some of my learnings so far. But building a story chronlogically doesen’t work for me. So instead I decided to do a mash-up of learnings, aphorisms and statements I believe are true and can help others. Remember difficult takes a day, impossible takes a week.
Read the entire post on Medium here: https://medium.com/this-happened-to-me/37a3d66353d4
Optimal platform pricing strategy
must read. very informal piece by Benchmarks Bill Gurley on optimal platform pricing strategy. http://abovethecrowd.com/2013/04/18/a-rake-too-far-optimal-platformpricing-strategy/
Recently participated in a fireside chat with Mark Henkel (CEO, Paymill) here in London. We discussed building payment startups, new avenues for online payment processing, birdback, mobile wallets and NFC. It was great event by the guys behind startupcareerlaunchpad.
Was recently on a panel talking about the future of payments, loyalty and offers in new markets. Also on the panel was Adyen and First Data.
"There’s nothing more invigorating than being deeply involved with a small company and a young team of founders out to do something incredibly special. And everybody’s betting against us. It’s another mission impossible."
How Instagram turned the UGC model upside down
I am deeply fascinated by Instagram and it has become my favorite social network app on iOS.
This hasn’t always been the case. I was an avid Instagram user back in 2010/2011 but the main use case was always to take better and prettier photos rather than the social sharing aspects. I then abandoned the app for new alternatives e.g. Popset and Path. But then something changed a couple of months ago. I re-launched Instagram after it had been a dormant app for almost half a year. The experience was completely different and so much better. Not only had the team improved the UI/UX but the app had tons of traction within my friendship circle. It was like entering a completely new community but with people I knew. People was sharing pictures (persons who are not active on Facebook or Twitter) and actively commenting and engaging.
The traditional UGC model rule of thumb is: 90% of people using a service is only consuming content while 10% of the users are actively producing content, sharing, liking etc. Instagram has turned this notion upside down. The majority of my Instagram friends are actively commenting and creating content in ways they are not behaving on other social platforms. This the true value of the Instagram platform.
Facebook did a great job acquiring the company last year and I am certain it will pay off in spades.
"Live in the future, then build what’s missing."
Amazon’s Hidden Empire