Related posts [MELI – MercadoLibre] Digging the Moat (Or Is It A Grave?): Part 1 [MELI – MercadoLibre] Digging the Moat (Or Is It A Grave?): Part 2 In 2016, six years and several pro-competition pieces of regulation after the Central Bank of Brazil and antitrust authorities first pried the merchant acquiring market open to […]
Related posts: [Wix – Wix.com] Scaling profitably (November 2017) [GDDY – GoDaddy; VRSN – Verisign; EIGI – Endurance International] Value Migration in Web Services (May 2018) When I started looking into Wix more than two years ago, its capabilities seemed far beyond those of Weebly, Square Space, and several other competing site builders I was […]
In nascent markets with winner-take-most dynamics, it’s particularly hard to know in the moment whether or not a company’s investments will ultimately add shareholder value. You’ll know when you get there but getting there means engaging in what looks like and very well may be, a reckless race to the bottom. But, to abstain while competitors spend gobs of […]
The demand side of this story is easy. As a former dog owner, I can assure you that there is nothing “experiential” about driving to Safeway and lugging 30lb bags of kibble back to the parking lot. Having it delivered to your front door is obviously the way to go. The supply side is more […]
A few weeks ago, I came across the following remark from Joe Weisenthal in my Tweet feed: “Smart people can’t help but try to poke holes in things, and see the weaknesses in existing systems. But long-term investing requires a certain amount of dumb confidence that things will all work out over time, even if […]