How are you doing?
I am happy to bring this week’s edition of “The 3 Things This Week” to you.
As you know, “The 3 Things This Week” is a free, short, curated list of useful articles, tools and other resources for building startup businesses. These 3 things would deal, in a random way, with different aspects of startup building – validation, traction, growth, funding, team, founders.
Here are this week’s 3 things!
This week’s theme is business models from past, present, and future. And some lessons about them.
Thing # 1: Driverless Hotel Rooms: The End of Uber, Airbnb and Human Landlords by Nathan Waters
The inevitable reality of on-demand self-driving cars poses a huge looming existential risk to the entire auto industry. What is common to a nearly 1.3 billion vehicles on the planet is the fact that they are parked idle for 95% of the time.
And, here is a threat to the auto industry from a possibility of driverless on-demand cab services. When your $10 Uber ride suddenly becomes a sub-$1 ride anywhere in the city, the appeal of owning a car will diminish for most of the population, thus creating a massive oversupply of unwanted human-driven vehicles.
Not only that, but when auto manufacturers rapidly meet the 100 million vehicle demand for driverless on-demand transport, they will inevitably pivot operations to manufacture driverless modular rooms that cater to specific human experiences.
Read this article to know how driverless hotel rooms sound like changing times for Uber or Airbnb kind of business models.
Thing # 2: How GE avoided Kodak’s fate by Ron Miller
We are probably well aware of Kodak’s downfall when they did not pay attention to the market changes in respect of digital photography and lost an opportunity to change its business model in time.
But, you may not be too familiar with the story as to how GE just did the opposite and managed to not only stay afloat, but also grow.
Back in 1888 in Rochester, New York, George Eastman founded Kodak. Four years later, 200 miles down the road in Schenectady, New York, Thomas Edison and some pals founded General Electric. The two 19th-century industrial giants chugged along for more than 100 years, but GE is still rolling along with a market cap of over $250 billion and Kodak is a shadow of its former self with a market cap of $466 million, much of its camera and film business flushed down the disruption pipes of late-20th-century digitization. Read this article to get answers to the question – how did GE manage to avoid the same fate?
Thing # 3: Learning to Fool Our Algorithmic Spies by John Herrman
We all are very much aware that we are being watched over the internet. Every move we make in the virtual world doesn’t get noticed.
It is interesting to read how Facebook and Twitter and Instagram are inextricably tied to the experience of being monitored by others, which, if it doesn’t always produce “prosocial”
behavior in the broad psychological sense, but seems to have encouraged behaviors useful to the platforms themselves — activity and growth. These businesses serve many different purposes, but the one thing they have in common is that they have figured out new ways to monetize the powerful twin sensations of seeing and being seen by others. Read this article to understand how these businesses leverage from “being watched” phenomenon.
I would love to hear your feedback on 3 Things This Week.
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Wishing you lots of happy reading,
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