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WTF?! In San Francisco, Uber has 3x the revenue of the entire prior taxi and limousine industry.
WTF?! Without owning a single room, Airbnb has more rooms on offer than some of the largest hotel groups in the world. Airbnb has 800 employees, while Hilton has 152,000. WTF?! Top Kickstarters raise tens of millions of dollars from tens of thousands of individual backers, amounts of capital that once required top-tier investment firms. Last week, the founder of Airbnb published some of the early rejections he faced in 2008, when he was attempting to raise $150,000 at a $1.5M valuation. That means for $150,000 you could have bought 10% of Airbnb. Investors didn't seem to think the market opportunity was big enough. The lesson here is - your investors are just as clueless about the future as everyone else is. The digital revolution is transforming every business and every sector of society. No company is immune to disruption. The biggest changes are still ahead, and every industry and organization will have to transform itself in the next few years, in multiple ways, or fade away. It always seems impossible until it happens. The best way to predict the future is to create it. Comments are closed.
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