Posts tagged with ithink

Posted 2 months ago

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Svpply Wish Lists

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For my money, Svpply has been the slowburn company of 2011, and is absolutely the company to watch in 2012.

I believe that Social Shopping, or the theory that our inclination to purchase a product or service can be adjusted by our friends, and curators that we trust, is going to be the major trend of 2012, and that we will see major financings, and substantial airtime, for the small group of companies that are emerging in the space.

Svpply leads the pack in my mind, and is winning by putting the products themselves at the center of their experience. The sharing and curation are both there, but they play a comfortable secondary role to the products, which is very much how I think the shopping experience should be.

Wish lists was an inevitable development for them, in fact I have been sharing links to my svpply with potential gift-givers for months now. You can see mine here, and create your own. One thing I expect you will be struck by is just how easy it is to find beautiful and covetable products, and how quickly you will be building a wish list of your own.

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Posted 3 months ago
via theeconomist

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I have long since been fascinated by the use of incentive prizes to achieve far reaching goals. Netflix and the algorithm challenge is the classic example, although there are plenty of others, as you can see in the chart above. Real lessons for businesses trying to crack significant problems. And now we have the Wolfson prize, awarded to anyone that can propose a method for the successful removal of a troublesome state from the EMU. Zoom Image

I have long since been fascinated by the use of incentive prizes to achieve far reaching goals. Netflix and the algorithm challenge is the classic example, although there are plenty of others, as you can see in the chart above.

Real lessons for businesses trying to crack significant problems.

And now we have the Wolfson prize, awarded to anyone that can propose a method for the successful removal of a troublesome state from the EMU.

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Posted 4 months ago
via theweekmagazine

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Roughly 80 percent of the antibiotics used in America are given not to sick people, but to healthy animals being raised for food. Why this is dangerous Don’t know enough about this issue but its an absolutely fascinating statistic.

Roughly 80 percent of the antibiotics used in America are given not to sick people, but to healthy animals being raised for food.

Why this is dangerous

Don’t know enough about this issue but its an absolutely fascinating statistic.

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Posted 4 months ago

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It was, after all, just that kind of change that prompted outrage among Netflix customers this summer, when the cost of a subscription that included unlimited online movie streaming plus one DVD-by-mail at a time went from $10 per month to $16 per month. That 60 percent increase has cost the company about 1 million of its 25 million customers, a greater exodus than they expected, company representatives have said.

From NY Times article on Netflix apology.

As my friend Ryan put it, “Well Played Sirs”. You don’t need a degree in Math to figure out that Netflix really pulled this one off.

Lets say the average Netflix user is on a $5 per month plan, that means $60 in spend per year. Losing 1M of them, as they reportedly did when subscription price changes were announced, cost the business $60MM.

Raising the price by 60% for the remaining 24M should bring in an additional $864MM in revenue this year. Even assuming that a good number of people downgrade their plan, this looks incredibly likely to be value generating for Netflix.

All in all a nice piece of business.

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