It’s an interesting method that has its benefits, but I’m skeptical it will help Amazon studios in the end. Amazon desperately needs a tent-pole show (a high quality blockbuster show) that drastically moves its reputation. It’s a typical blockbuster strategy that keeps rearing its ugly head of increased probability of success. I’m not sure this crowdsourced approach will help to that end.
This post resonates. You certainly do pick up a lot of garbage in a crowdsourced effort, but the process works relatively well for a certain type of question. It’s amazing how easy (and quick) it is to ask a question online and get a great answer. I definitely trust Quora answers more than Yahoo answers.
Nice post. We really like DoorDash and have been interested in how it successfully gets these many moving pieces working effectively. I always wondered how it used data to accomplish this, and it sounds like it is integral to their performance.
Slice is really interesting. I wonder how these barriers (and lack of) will impact this industry in the long run.
Really interesting. I’ve always suspected casinos optimize basically everything about their operations based on consumer data. This loyalty program is a really interesting way to use data so effectively.
Great post. NBA Teams certainly do believe they can gain a competitive edge in the use of analytics. That’s why most teams have an analytics department these days. Actual impact of the analytics is tough to gauge, especially when it could be neutralized by other teams also using analytics. More information, even if it mostly just confirms what you already believe, can be a good thing. And it’s a great thing when it helps you discover things you otherwise wouldn’t couldn’t have seen.
Thanks for the article. Product Hunt is one I check quite often, as it consistently mines out gems I otherwise would not have found. Some are better than others, and the site does cater more to designers than anything else (which impacts the type of products that rise to the top), but the community is expanding and broadening. They’re also expanding into different verticals such as podcasts. They’ve wisely controlled the size and quality of their community, which is its greatest asset at this point. Well done so far and excited to see what comes of it.
Great post. I’m also interested in this one. I think it’s a great thing that certain projects are getting funding that otherwise may not have done so through traditional means. It’s not just about a “market for lemons” as we discuss sometimes with these crowdfunding markets. While there is some truth to that, it may also be about innovation at the grassroots level. These experiments are useful as we all discover which crowdfunded projects will turn to be worthy of its price. As we explore, both the users and the platforms they use will become more efficient in producing valuable products, even in the entertainment industry.
TaskRabbit is a fascinating service. The indirect network effects have proved to be quite successful to date. I’m excited to see how it expands in the future.
I always thought the whole Victoria fiasco was more a lesson on bad management than the disadvantages of network effects, but it’s true that when your users are a loud, tight-knit community, you have to tread carefully. Even when all of these subreddits starting going private to protest, there were hyperbolic news articles about Reddit’s downfall. The storm quickly passed; subs started carrying on as before, the CEO was ousted, and now I think management will be more careful in the future to not alienate their vibrant, core user base.
“Amazon’s undoing” may be a bit hyperbolic, but it is true that they cannot be the best shopping resource for all verticals. Produce and apparel have characteristics that just make it harder to succeed on Amazon’s platform. They’re definitely exploring all areas for growth.
I’m very interested to see if/how Amazon Flex disrupts the delivery industry.
I’ve been a Goodreads user for awhile… None of my friends really use it much, so I care less about the social features. I was initially attracted to the platform because it was a very easy way to track books I was reading. It provided standalone value, and I would have used it, even if I was the only person on Goodreads. However, I did discover it was quite useful for discovering new books by reading reviews of strangers, joining online book clubs/groups, etc. So while I was initially hooked by its standalone value, the network effects added value that I initially was either uninterested in or unaware of.
Interesting. I will definitely have to check out the SBS app. How is it different than the host of other Golf GPS apps? Do they also harness any network effects? Is the marginal SBS user valuable to the network only if they help in mapping a course? Or does the marginal user help refine previous mappings?
I did my blog post on this market as well. Going to be quite the war in this space… but the Chromecast has a long way to go as far as functionality. It lags significantly behind the other 3 IMO.
It’s amazing how much money FanDuel and DraftKings have pulled in… this market is massive and is blurring the line between fantasy sports and sports betting. Once sports betting is finally legalized and loses its social stigma, I see many innovative markets arising. Can’t wait for a fully liquid sports prediction market that disrupts the existing sportsbook model.
Slack is awesome. It’s a favorite amongst tech startups, but especially in the software development community. They’ve exploded on the scene. Their acquisition of ScreenHero is also pretty important. Both of those applications are open on my computer at all times!
Thanks for the article. The only innovation I’ve seen from the Post Office is in shutting down better, more efficient competitors since the 1800s! https://en.wikipedia.org/wiki/American_Letter_Mail_Company
Really interesting! The choice to exclude basic functionality in product offerings for many of these disrupters is becoming more common. And these acquisition prices are just crazytown.