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4mo

Ring recalls 350,000 smart doorbells after some of them caught fire

San Francisco Amazon-subsidiary Ring is recalling hundreds of thousands of video doorbells after receiving reports of them catching fire. The potential fire hazard impacts around 350,000 2nd generation Ring doorbells sold in the United States and roughly 8,700 more sold in Canada, according to a notice posted by the US Consumer Product Safety Commission (CPSC) on Tuesday. The $100 doorbells were sold on Ring's website and on Amazon (AMZN) between June 2020 and October 2020, according to the CPSC.…  See More

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9mo

Walmart partners with Shopify to capitalize on wave of online shopping during pandemic - UpVote, Share, Replaye

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11mo

One of Amazon’s first employees says the company should be broken up

Paul Davis, Amazon’s second employee, admits there is a need for a breakup. “For nearly 2 decades Amazon has used its control of its marketplace to strengthen its own hand as a retailer,” Davis wrote. “This should not be allowed to continue.”

Anika
11mo

Sustaining entrepreneurial growth: Scaling

Scale can either make or break a startup, especially it is a platform business or a web-based marketplace. According to Reid Hoffman, the co-founder of Paypal and Linkedin, fast scaling is necessary for these types of businesses because it creates value for users. They need to scale quickly to reach customers faster than their competitors do for first-mover advantage, the ability to connect with customers and earn their loyalty before their competitors do. However, growth is a mixed blessing, especially rapid growth. It usually requires external capital and every dollar of…  See More

Anika
1y

Entrepreneurial vs Managerial Types

Entrepreneurial types - Hearing an idea triggers off a whole bunch of other ideas - Motivated primarily by an interest in pursuing their ideas - Their biggest weakness is the lack of organizational and administrative abilities Managerial types - Conscientious, orderly, and responsible - Good at executing ideas but lack creativity Hence, it’s useful for entrepreneur types to work with managerial, administrative types.…  See More