Harry E. Anderson III

368 Flips | 4 Magazines | 3 Likes | 6 Following | 443 Followers | @mrheaiii | www.symbiotic-situations.com

PayPal leads $50M round for PPRO, a profitable cross-border payment specialist

As payments companies continue to look to the long tail of global markets to expand their businesses, a startup that helps them do business in disparate economies is getting a strategic investment from one of payment world leaders.<p>PayPal is leading a $50 million investment into PPRO, a London-based …

Amazon's success is unparalleled — and 'Type 2 decisions' are a major reason why

Type 1 decisions are irreversible and should be made with caution. Type 2 decisions are reversible, like "two-way doors," and should be made quickly.<p>Amazon's willingness and ability to make Type 2 decisions has been a major factor in its success.<p>That's according to Scott Galloway, a clinical …

New York University

Package delivery startup Doorman is shutting down

Doorman, a startup delivering packages when you schedule them will be no more after October 6th, 2017.<p>The startup sent a letter over the weekend letting customers know it would no longer be in business in two weeks, saying it was “joining forces with a larger team.”<p>We’re not sure if this joining of …

Why Dropbox decided to drop AWS and build its own infrastructure and network

There is always a tension inside companies about whether to build or to buy, whatever the need. A few years ago Dropbox decided it was going to move the majority of its infrastructure requirements from AWS into its own data centers. As you can imagine, it took a monumental effort, but the company …

Vuitton Knows Fashion Is a Money Pit—and Keeps Throwing Money in It

It’s been a banner year for clothing at Louis Vuitton. Shoppers queuing for a streetwear collection developed with the cult New York brand Supreme; …

Louis Vuitton

Nasty Gal: What Went Wrong?

The bankruptcy of the #Girlboss-fuelled retailer is a cautionary tale for both fashion startups and investors alike.<p><b>LOS ANGELES, United States —</b> When …

Profit

Becoming the Boss

Even for the most gifted individuals, the process of becoming a leader is an arduous, albeit rewarding, journey of continuous learning and self-development. The initial test along the path is so fundamental that we often overlook it: becoming a boss for the first time. That’s a shame, because the …

How to Negotiate with a Liar

Brosmind<p>Robust social psychology research indicates that people lie—and lie often. One prominent study found that people tell, on average, one or two lies every day. Negotiators are no exception. Judging from studies done in 1999 and 2005, roughly half of those making deals will lie when they have …

The inside story of Facebook’s biggest setback | Rahul Bhatia

The social network had a grand plan to connect millions of Indians to the internet. Here’s how it all went wrong<p>Until Mark Zuckerberg arrived in a bright orange helicopter in October 2014, Chandauli had never seen a celebrity visitor. One of 44,795 villages in the state of Rajasthan, Chandauli is …

Warner Bros. is reportedly changing its strategy as 'Batman v Superman' falters

After an abysmal run of expensive underperformers including "Jupiter Ascending," "Pan," and "In the Heart of the Sea," the studio launched its effort at a Marvel-style film universe with the DC Comics movie that had been touted as proof the regime installed in 2013 and headed by chairman and CEO …

DC Comics

How to See Through These 3 Hardball Negotiation Tactics

In my new book Negotiating the Impossible, I offer numerous principles and tactics for negotiating effectively when things get ugly — especially when you don’t have sufficient “money or muscle” to use as leverage. This could be a deadlocked deal, an escalating conflict, or any situation where there …

Network Effects Aren’t Enough

In many ways, online marketplaces are the perfect business model. Since they just facilitate transactions between suppliers and customers rather than take possession of or full responsibility for products or services, they have very low cost structures and very high gross margins—70% for eBay, 60% …

6 Reasons Platforms Fail

The success of platform businesses like Alibaba, Airbnb, and Uber is so remarkable that discussion about them often misses just how hard they are to build. For every successful platform, there are many more that struggle or simply don’t make it. Apple and Google, two of the world’s most valuable …

The CEO of $2 billion startup Domo: 'We've been lying to people' so we could surprise them with our master plan

First off, Domo announced today that it's raised another $131 million in funding, including capital from BlackRock, keeping its valuation steady at $2 billion. Business Insider has also discovered that Domo still has $200 million in the bank, a number that James confirmed.<p>Second, and more …

Startups

Is Sean Parker’s Screening Room the End of Movie Theaters?

The Screening Room would allow people to watch movies at home on the same day they make their big-screen debuts—and the idea is tearing Hollywood …

My Year in Startup Hell

Illustration by Jan Feindt<p><i>Hear the one about the unemployed middle-aged guy who tripped and fell into the new economy?</i><p><i>An exclusive sneak peek at the</i> …

Online Life

Line builds out its chat app for businesses as Facebook Messenger threat looms large

Weeks before Facebook is expected to open Messenger to third-party bots at its F8 event, Line, the messaging app based in Japan, has beaten its rival to the punch. Well, in announcing its bot intentions, at least.<p>At its annual company event in Tokyo, Line made a slew of announcements that included …

Almost everyone is doing the API economy wrong

It’s time to hold companies to a higher standard when it comes to APIs. As software “eats the world,” it seems like it’s not enough for a business to just serve its customers and hopefully make a profit, they also have to be “platforms” — and, as any developer would respond, these days you just …

99% of Networking Is a Waste of Time

Building the right relationships — networking — is critical in business. It may be an overstatement to say that relationships are everything, but not a huge one. The people we spend time with largely determine the opportunities that are available to us. As venture capitalist and entrepreneur Rich …

Don’t Use Round Numbers in a Negotiation

What is the best way to start a negotiation about money: by offering a round sum, like $10, or a more precise one, like $10.20?<p>Many people gravitate toward the former. But is this actually the most effective way to get what you want? Petri Hukkanen of the Boston Consulting Group and I tested this …

Billion-dollar mistake: How inferior IT killed Target Canada

Unmanageable deadlines and disastrous IT wrecked this top US retailer's attempt at international expansion. The moral of the story: IT drives the …

The Money In Open-Source Software

Max Schireson Contributor<p>Max Schireson is the former CEO of open-source database company MongoDB and is currently an executive-in-residence at Battery Ventures.<p>More posts by this contributor:<p>Tracking the explosive growth of open-source software<p>Dharmesh Thakker Contributor<p>Dharmesh Thakker is a …

Prominent Bitcoin Developer Declares the Digital Currency a Failure

One of digital currency Bitcoin’s long-time supporters and developers has decided to walk away from it. His reason: Bitcoin has failed.<p>Mike Hearn, …

Bitcoin

The search for the killer bot

Bots are here, they’re learning — and in 2016, they might eat the web<p><b>The first bot I</b> ever befriended went by the name of GooglyMinotaur. The Minotaur appeared in 2001 to promote <i>Amnesiac,</i> the latest album from Radiohead, which was and still is my favorite band. I happily chatted with the Minotaur …

Facebook Director Pay Not Getting Many Shareholder ‘Likes’

That a Facebook shareholder is angry enough to sue the company over director pay is not so surprising once you realize that one of Facebook’s board …

Facebook At Work Signs Up Its Biggest Business Yet: 100,000 Workers At The Royal Bank Of Scotland

Earlier this year, Facebook took the wraps off Facebook at Work, an enterprise version of the social network that Facebook had designed for businesses that want to build social networks for their employees. After months of pilots, Facebook today is announcing its biggest customer yet: the Royal …

JP Morgan To Grant IPO Access To Everyone

Traditionally limited to institutional investors and high-net-worth clients, J.P. Morgan is about to make it easier for retail investors to gain access at the IPO price. The bank is announcing today that it will partner with Motif Investing to give ordinary investors the option to purchase shares …

Tristan Thompson, Cavaliers agree to contract

The stalemate between the Cleveland Cavaliers and forward Tristan Thompson is over.<p>The holdout, which lasted about three weeks, ended on Wednesday when Thompson agreed to a five-year, $82 million contract, and now the beat-up Cavs will have one of their key players available for the start of the …

Facebook is diving full-force into shopping

The company is diving full-force into ecommerce, with a handful of ad products and features meant to ramp up its shopping efforts.<p>In a blog post Monday morning, the company highlighted several of its existing and experimental efforts, including a new way to browse products that it's calling …

eCommerce