MK:

Absolutely fascinating and well worth the read.

It’s a bit of a reach. Apply the same analysis to Ford, GM, GE, even Standard Oil and you would probably get even more.

Nevertheless, it’s a great post.

Originally posted on TechCrunch:

Editor’s note: Rhett Morris is the director of Endeavor Insight, the research arm of Endeavor, a nonprofit that supports more than 900 entrepreneurs in 20 countries. He edits a blog and monthly newsletter on entrepreneurship ecosystems here.

In 1957, eight entrepreneurs decided to do something that seemed crazy. They launched a new tech company called Fairchild Semiconductor in a small town south of San Francisco. The entrepreneurs had a difficult start, but Fairchild eventually became the first major computer chip company in the region.

Although many people are familiar with Fairchild’s success, few know the full extent of its impact. During the last year, our team at Endeavor Insight has traced the story of Fairchild and gathered intriguing new data. We uncovered something that was quite surprising: if the value Fairchild created is measured in today’s dollars, we believe the firm would qualify as the first trillion dollar…

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MK:

Great example of iterating based on user behavior vs. how they hope people will use their product. h/t @jeffkirschner

Originally posted on PandoDaily:

timehop-climbingStartups rejoice! Organic growth still exists!

Paging through the recent CB Insights statistical analysis, I noticed something odd:  Timehop. Timehop, the Spark Capital-backed, nostalgia-inducing app that reminds you what you did a year ago, has been rising rapidly through the App Store rankings in the past six months, ending up in the top forty.

timehop growth chart

I asked  founder Jonathan Wegener to explain the jump and he told me something surprising. The increase in downloads is not the result of millions spent on user acquisition — Timehop has spent a whopping $0 in marketing — or a big press push. It’s good old fashioned, exponential growth.

User acquisition wasn’t always an easy, upwards trend for the company. In fact, Timehop has been around since 2011 without seeing that effect. The changes the company made to the product, bit by bit, feature by feature, over the past few years slowly corrected the course.

The…

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Check out Facebook’s brilliant retort to a recent Princeton study proposing that Facebook will lose 80% of its users by 2015-2017. Here’s a favorite excerpt, but you should read it in its entirety.

[...]Of course, Princeton University is primarily an institution of higher learning – so as long as it has students, it’ll be fine. Unfortunately, in investigating this, we found a strong correlation between the undergraduate enrollment of an institution and its Google Trends index:

debunking-princeton

Sadly, this spells bad news for this Princeton entity, whose Google Trends search scores have been declining for the last several years:

debunking-princeton-2

This trend suggests that Princeton will have only half its current enrollment by 2018, and by 2021 it will have no students at all, agreeing with the previous graph of scholarly scholarliness. Based on our robust scientific analysis, future generations will only be able to imagine this now-rubble institution that once walked this earth.

via TechCrunch

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Enjoying a great game with 115,000 of my closest friends.

University of Michigan vs. Notre Dame at Michigan Stadium (The Big House), Ann Arbor, Michigan