8 posts
Avis was losing $3.2 million a year; and they'd been unprofitable for thirteen straight.
In 1962, they sat at number two in American car rental, well behind Hertz, with no plausible path to catching up. Robert Townsend, the new president, hired Doyle Dane Bernbach and asked them to do
Large language models (LLMs) such as OpenAI's GPT series have shown remarkable capabilities in generating fluent and coherent text in various domains. We compar
Actually startups take off because the founders make them take off. There may be a handful that just grew by themselves, but usually it takes some sort of push to get them going. A good metaphor would be the cranks that car engines had before they got electric starters. Once the engine was going, it would keep going, but there was a separate and laborious process to get it going.
A collection of timing-related mistakes that startups make, like hiring aggressively just before fundraising, or overlooking seasonality or sales cycles when creating a fundraising roadmap.
It’s no secret that investors don’t like hardware businesses. Despite the eternal frustration of startup founders, investor distaste in physical product businesses is actually entirely logical. It’s…
Many of us have a problem following through on our intentions. And it’s more than just a difficulty in predicting our future desires. It’s ...
Useful ways to think about choosing your technology platform!