Don’t follow your heroes

If you wanted to start a successful software company today, you wouldn’t want to follow Bill Gates’ playbook. Creating a new desktop operating system, and an expensive office suite of applications to run on top of it, won’t work in 2015. It worked for him in the 80’s and 90’s, but that was a different […]

Visa Invests in Stripe at $5 Billion Valuation and Strikes Commercial Deal, Too

The companies will also work together to make new digital payments experiences possible, though neither side had many details to discuss. Lastly, Visa plans to help Stripe expand quicker in emerging markets where the credit card company has strong relationships with other financial institutions. Credit card processors could you more competition in emerging markets. In […]

Google Wants a Piece of Air-Traffic Control for Drones

Alan Levin for Bloomberg Business: At least 14 companies, including Google, Amazon, Verizon and Harris, have signed agreements with NASA to help devise the first air-traffic system to coordinate small, low-altitude drones, which the agency calls the Unmanned Aerial System Traffic Management. More than 100 other companies and universities have also expressed interest in the […]

Speed as a Habit

Dave Girouard writing for First Round Review: I’ve long believed that speed is the ultimate weapon in business. All else being equal, the fastest company in any market will win. Speed is a defining characteristic — if not the defining characteristic — of the leader in virtually every industry you look at. Decisiveness is so […]

Apple Reports Record Third Quarter Results

The Company posted quarterly revenue of $49.6 billion and quarterly net profit of $10.7 billion, or $1.85 per diluted share. These results compare to revenue of $37.4 billion and net profit of $7.7 billion, or $1.28 per diluted share, in the year-ago quarter. Compared to Microsoft and Google’s $22.2 and $17.7 billion(respectively). ∞Permalink

Google Takes Stricter Approach to Costs

Alastair Barr on why Google is planning more stricter cost cutting over the next few quarters: Google revenue grew 19% in 2014, down from 21% in 2013, 22% in 2012 and 29% in 2011. But operating expenses grew 31% last year, according to S&P Capital IQ; spending on research and development soared 38%.The result: operating-profit […]