Long run declining average costs in a natural monopoly.
Want to start a startup? Get funded by Y Combinator. March This essay is derived from a talk at the Harvard Computer Society. You need three things to create a successful startup: Most startups that fail do it because they fail at one of these.
A startup that does all three will probably succeed. And that's kind of exciting, when you think about it, because all three are doable.
And since a startup that succeeds ordinarily makes its founders rich, that implies getting rich is doable too. If there is one message I'd like to get across about startups, that's it. There is no magically difficult step that requires brilliance to solve.
The Idea In particular, you don't need a brilliant idea to start a startup around.
The way a startup makes money is to offer people better technology than they have now. But what people have now is often so bad that it doesn't take brilliance to do better.
Google's plan, for example, was simply to create a search site that didn't suck. They had three new ideas: Above all, they were determined to make a site that was good to use. No doubt there are great technical tricks within Google, but the overall plan was straightforward. And while they probably have bigger ambitions now, this alone brings them a billion dollars a year.
I can think of several heuristics for generating ideas for startups, but most reduce to this: For example, dating sites currently suck far worse than search did before Google.
They all use the same simple-minded model. They seem to have approached the problem by thinking about how to do database matches instead of how dating works in the real world.
An undergrad could build something better as a class project. And yet there's a lot of money at stake. Online dating is a valuable business now, and it might be worth a hundred times as much if it worked. An idea for a startup, however, is only a beginning.
A lot of would-be startup founders think the key to the whole process is the initial idea, and from that point all you have to do is execute. Venture capitalists know better. If you go to VC firms with a brilliant idea that you'll tell them about if they sign a nondisclosure agreement, most will tell you to get lost.
That shows how much a mere idea is worth. The market price is less than the inconvenience of signing an NDA.Pearson Test of English (PTE) Academic English language test exam for people who wanted to study in abroad.
In this post, I am going to paste the most repeated essay topics in PTE Academic Exams, where it is similar to IELTS task-2 type. The PTE Academic Write Essay task is scored on the important trait is Content, it has the highest maximum raw score (3 points) and if the score is 0 (zero.
Some parts of the web are finished, unchanging creations – as polished and as fixed as books or posters. But many parts change all the time: news sites bring up-to-the-minute developments, ranging from breaking news and sports scores to reports on specific industries, markets, and technical.
The Original Affluent Society. Marshall Sahlins. Hunter-gatherers consume less energy per capita per year than any other group of human beings.
The Psychology of Security. I just posted a long essay (pdf available here) on my website, exploring how psychology can help explain the difference between the feeling of security and the reality of security.. We make security trade-offs, large and small, every day.
We make them when we decide to lock our doors in the morning, when we choose our driving route, and when we decide whether we're.
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by Megan L. Norris. Summary: As the prevalence of genetically modified organisms (GMOs) continues to rise, there has been an increasing public interest for information concerning the safety of these tranceformingnlp.comns generally focus on how the GMO may affect the environment or how it may affect the consumer.
One specific concern is the possibility for GMOs to negatively affect human health.