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unmediated

 

October 18, 2004

And so it begins

The trend over and over again - is to let the startup innovate and then the big boys come in, copy them and try to take over.

NetFlix has known this hammer was coming - for years. They've built up their customer base to 2M+ based upon a $22 a month subscription price. That's $44M a month. Every month.

So not only has Blockbuster and Wal Mart decided to chew on some of that - but now it looks like Amazon will - as well.

...[snip]...

Shares of Netflix dropped to $11.05 after ending the regular session at $17.43.

OOOps - that's a 37% drop in share prices.

I hope my friends in France are paying attention. Hi Mihai!

And I hope all you entrepreneurs are learning a lesson.

NO MATTER WHAT - the big guys will steal your idea.

NO MATTER WHAT!

Bake that into your DNA. Write it on your forhead.

(Continued at Marc's Voice)

(I'm baked as I speak. (j/k.) ;) -kc.)


Posted by yatta at 12:21 PM