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Background
The first is that startups may represent a new economic phase , on the scale of the Industrial Revolution. I'm not sure of this, but there seems a decent chance it's true. People are dramatically more The second idea is that startups are a type of business that flourishes in certain places that specialize in it—that Silicon Valley specializes in startups in the same way Los Angeles specializes in movies, or New York in finance. [ 1 ]
In fact consumers never really were paying for content, and publishers weren't really selling it either. If the content was what they were selling, why has the price of books or music or movies always depended mostly on the format? Why didn't better content cost more? [ 1 ] A copy of Time costs $5 for 58 pages, or 8.6 cents a page. The Economist costs $7 for 86 pages, or 8.1 cents a page.
September 16, 2010 There’s a fascinating essay on Facebook just now from the owner of the lovely Posie’s Cafe in Portland , about how Groupon nearly bankrupted her business . The coffeeshop proprietor, Jessie Burke, was shocked at how much money the daily deals site charged to run the promotion. Groupon sold consumers a $13 Posie’s credit for $6, and then sought to keep the entire $6.