Why do some people want to become entrepreneurs to make money? Because they want to beat the market by achieving returns that exceed the market at a cost lower than the market. The price exceeding the market comes from scarcity/uniqueness; to be unique, one must innovate, and entrepreneurs must be innovators. How to innovate? Drucker has the answer.
The intercompany payment process is complex and requires integration with various systems, especially accounting software. Routable is dedicated to solving this problem for the middle market (companies with $100 million to $500 million in revenue). What sets Routable apart is that it helps you manage both workflows and the actual flow of money. Recently, startups focused on bill management have been gaining traction.
MIT surveyed nearly 20,000 professionals from around the world, with 50% from North America, 21% from Europe, 19% from Asia, and the remainder from Australia, South America, and Africa. They identified methods that make people's productivity stand out.
Why do we need Progressive Web App (PWA)? Compared to native apps, the traditional web app has the problem of "Broad Reach, Low Engagement".
PWA = web app + native app in install-ability, link-ability, user experience, user stickiness.
Facebook has evolved from its initial PHP server-side rendering to today over 16 years. The external environment for web development has changed dramatically, and the cost of developing new features on the old architecture is increasing. To achieve an "app-like experience" and outstanding performance, the entire main website was rewritten using React and Relay, based on two principles — "as little as possible, as early as possible" and "enhancing developer experience to serve user experience."
Ordinary people have few opportunities to make decisions in life and work, and it is also difficult to practice and improve their decision-making skills. Most people's decisions rely on intuition, while rational decisions depend on processes. The book "Decisive" proposes a four-step process for rational decision-making — to increase the probability of making the best decision, we need to 1. broaden options, 2. test assumptions with facts, 3. step outside ourselves to see ourselves, and 4. prepare for wrong decisions.
A distributed blockchain accounting and smart contract system. It requires minimal trust between nodes while incentivizing them to cooperate: transactions are irreversible, do not rely on trusted third parties, protect privacy, disclose minimal information, and ensure that money cannot be spent twice. Assuming performance is not an issue, we will not consider how to optimize performance.
An actionable guide on finding a mentor: How to prepare? How to identify the right mentor? How to gradually make requests and strengthen the relationship? How to maintain the relationship over time?
Why do people often tend to talk too much? How can you notice and avoid it? The traffic light method, understanding motivations, and self-practice.
How can we measure if we have achieved product-market fit? What are the natural channels for internet products? What are the most important metrics for early-stage products? What guidance do LTV/CAC/PBP provide for growth? Why should we avoid paying for user acquisition as much as possible in the beginning?
Business can be an infinite game, and the ultimate goal of a company is to stay in the game for as long as possible. To achieve this, companies should plan for the long term rather than just focusing on short-term gains. In the book The Infinite Game, the author suggests that companies should establish a just mission, build teams based on mutual trust, embrace change, and learn from worthy competitors to gain an advantage in the game.