Los Angeles-based reporter with PandoDaily.
@prepend Try reading closer. The article says:
They eventually settled on a third-generation Portuguese factory that delivered the quality, reliability, and price point they were seeking. Better yet, the manufacturer had capacity within its 30,000 square foot facility, and another 90,000 square feet of space ready for further expansion. Jack Erwin is fond of saying, “Our men’s dress shoes were conceived in New York City and born in Portugal.”
3 weeks, 6 days ago on Jack Erwin laces up $2M to make premium mens footwear affordable and accessible
@SkinCEO Lol, yes it is.
1 month, 1 week ago on Enterprise favorite TigerText gets $21M to prove messaging is not just for consumers
@justinbenson The point is, for stripe to succeed in the context of this fundraising, it needs to reach $5-10B in valuation. There will likely only be one "Payments 2.0" company to reach that size. It doesn't mean Stripe (or whoever loses) will go out of business, just that they won't win. Scale begets scale in this category more than most.
1 month, 1 week ago on Memo to Stripe: Winning the hearts of Valley startups is not winning payments
@superacidjax To reiterate what I said in another thread above: Whether this market is "winner take all" or "winner take most" there will be a huge delta between the #1 and #2 players in the space. Authorize and FirstData are the old guard and aren't innovating or driving the industry forward anywhere to the degree that Stripe, Braintree, Square, and even PayPal are. In the Payments 2.0 race, Braintree was well ahead of Stripe and then added PayPal's heft. Seems like a good recipe to me.
@Oo Nwoye (OoTheNigerian) I'm not sure what you mean by "processing isn't a marketplace," but I would argue that there's enormous value in having scale in this space. Not only can it drive economies of scale, but it conveys credibility and reliability to potential customers.
Why do you believe that the Dropbox / AirBnB / Heroku situation will be "fixed soon?"
@superacidjax @websterderek Whether this market is "winner take all" or "winner take most" there will be a huge delta between the #1 and #2 players in the space. Authorize and FirstData are the old guard and aren't innovating or driving the industry forward anywhere to the degree that Stripe, Braintree, Square, and even PayPal are.
The point is, scale begets scale. And Stripe doesn't have the scale yet, and hasn't proven that it's developer-friendly image is enough to win the largest and most valuable clients. It's not that they can't, but that the odds are against them.
Given this set of circumstances, and considering historical valuations in the space, this deal is a bit of a Hail Mary.
@AliHamed Actually eBay bought Skype in 2005 for $2.6B, http://news.bbc.co.uk/2/hi/business/4237338.stm. They then sold it in 2009 for $2.75B http://techcrunch.com/2009/09/01/confirmed-ebay-sells-skype/. Despite not losing money on the deal, it's generally viewed as a complete disaster both for the time it cost Skype and the inability of eBay to derive any value from the high-priced asset. Microsoft then acquired the company in 2011 for $8.5B.
1 month, 2 weeks ago on While Nest and Google are popping champagne, plenty of others should be concerned
@reeds Thanks, fixed.
1 month, 3 weeks ago on Why the Chicago Sun Times’ bitcoin paywall experiment is more than a desperate attempt to look cool
@horatiumocian Corrected, thanks
1 month, 4 weeks ago on The $425M LegalZoom deal is a win for VCs, but less exciting for the company or LA
@JeffBuck1 The bitcoins that the FBI seized belonged mostly to Silk Road customers (they were being held in escrow). They were able to locate the private key to the wallet(s) in which they were held and have since moved them to two, separate, FBI-controlled wallets (linked above). DPR / Ulbricht allegedly has 600,000 bitcoins in one or more wallet(s) that the FBI has not been able to seize.
2 months ago on With $130M of bitcoin wealth and plans to sell, the FBI could rattle the virtual currency cage
@DaleCarlson @mcarney To answer your question, Pizza Hut is not a tech company. But, Uber has more technology than you'd think. It's used for dynamically matching supply and demand. It may not be a tech company like Palantir, but it's every bit the tech company that eEay's commerce marketplace is. Do you think Yelp is a tech company? It's just a database of businesses with a comments / ratings / social layer on top.
2 months, 1 week ago on HouseCall, the Uber for all your home services, raises $1.5M from e.ventures
@DaleCarlson Thank you for that profound insight. HouseCall is founded by 4 engineers from Qualcomm, not handymen. Was Uber a few drivers getting an app or AirBnB a few homeowners getting an app? The name of the game is creating market efficiency and liquidity in high demand but inefficient categories. I'd say home services certainly qualifies.
@HostFat As I explained further down, Bitcarbon's estimates are based on a few assumptions, including that a miner will be reasonably willing to pay 90% of the value of a bitcoin to mine it. It is obviously not precise, but it's a reasonable assumption to use in modeling the system out at future (hypothetical) values.
2 months, 2 weeks ago on Bitcoin has a dark side: its carbon footprint
@petergatsby You are correct. I've corrected this above, thanks.
3 months ago on Hoxton Ventures aims to bring Silicon Valley DNA to Europe with a new $40M early stage fund
@Penenberg @DayvidJannFigler It wasn't a lawsuit in the traditional sense of seeking damages. It was a suit in search of a declaratory judgement, meaning Goldieblox was asking the judge to rule that they hand't infringed. If they won, it would have been a shortcut through an otherwise lengthy and expensive trial. It's just good lawyering.
3 months, 1 week ago on The GoldieBlox playbook: Imitate Youtube and Samsung
@Astar291 As far as I know, you just sign up for a free account and you'll get an email offering the upgrade.
3 months, 1 week ago on BillGuard’s CEO on new savings product: “We’re building what Mint should have been”
goat, not to be confused with G.O.A.T.
3 months, 1 week ago on Wall Street redemption: Jerry Yang joins the board of market darling Workday
@gacbmmml Skee-Ball Arcade, Wordly, Mini Golf MatchUp, and Bubble Galaxy With Buddies.
3 months, 1 week ago on Will the real Scopely please stand up? Behind the scenes of four consecutive No. 1 iOS game launches
@DouglasCrets Thanks, fixed this.
3 months, 1 week ago on Calacanis: Regular people are gambling in Vegas. Of course they should be able to angel invest
@neoganda gold star
4 months ago on Pose and Little Black Bag merge, promise a match made in “content plus commerce” heaven