Five @Five - 3mo
Building businesses on information asymmetry as the core of the business model will get less and less feasible by the day. Information wants to be free. In the information age your business cannot be built like before: "Middle-man as a service" Do better. Build better. I believe that betting on business models with long time-preference incentives will work out better eventually: - Open source therefore verifiable, remixable, viral. More eyes on it, the better. - Brand ~ Reputation is still big and here to stay. Think about Your reputation as a business or entrepreneur, but also the reputation of users - status matters and you better make use of this. - Centralized but optional ancillary services. This is NOT freemium. This is standards-based(eg DVM) free market of extra features that some users might find useful but they can choose any service they like. No vendor lock-in Anything I missed? Drop your thoughts!
