One thing is no longer arguable among Silicon Valley observers: a time of reckoning has arrived for startups. Many startups, whose growth has been fueled not by profits, but by venture capital dollars, will fail - not because they don't provide good services or because their platforms don't fundamentally make our lives better, but because … Continue reading Startups Are Sinking. Will Facebook Drown Because Of That?
Today, in China, Tencent functions as a door to the Internet: it often is the very first app people download when they get a smartphone. It connects them to banking services, games, e-commerce sites, taxis/ride-sharing services, hotel and flight booking services, and much more. This metaphorical door manifests itself in real life in the form of a … Continue reading How Do You Build A Tencent For The West?