By Guest Author Ajit Narayanan This Man-Superman terminology smells like some adolescent Ayn Rand-ian fantasy, but I agree that humanity will bifurcate into two types of people: the Happy and the Not-Happy. And entrepreneurship or capital (or even skill) will not be the dividing line here.
Sramana Mitra: The model you’re talking about existed and Nordstrom is the one that pioneered it. The Nordstrom Personal Shopper was somebody who would have to curate something before you come in. You’re using digital technology to scale that. If you’re trying to do some commodity stuff, you really have no chance to compete. Mark
Mark Lavelle: Amazon made availability and fulfillment part of the experience. You are assured that you will get the delivery at a certain date and time. It’s not just the product that’s unique. It’s actually an entire end-to-end experience. There are companies that are doing this. On our platform, we’ve got Graze. Who would have thought you
Today’s 353rd FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, May 18, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Today’s 353rd FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, May 18, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Rizwan Kassim: There’s also a term in telco called breakage. If you sell 500 minutes to someone at two cents a minute, they don’t necessarily use all 500 minutes. That helps with forward pricing. We spent a lot of time on what sort of message communicated best with first-generation Indians. We used people we knew.
Sramana Mitra: How does your audience compete, especially on the logistics end of the spectrum where Amazon is just delivering unbelievable levels of service? Mark Lavelle: The A-word is a big deal. Amazon has changed forever what consumer expectation is in terms of getting a product. Sramana Mitra: Totally.
Sramana Mitra: We should probably step through that. That’s your first technology entrepreneurship, right? Rizwan Kassim: That’s the first one that hit any sort of scale. Sramana Mitra: You started that in the 2006 to 2007 period? Rizwan Kassim: The company was founded in 2006.