Back when I first went online, I needed an ecommerce engine. A Microsoft retiree worked up a projection of what it would cost to build, $800,000, and maintain, some $120,000 per year. I read it and said "Someone is going to offer those online for $100 a month. " Within a month, I found someone out of Massachusetts offering it for $90 a month, then Yahoo bought them, and offered even better for $50 a month.
The fellow who started that company and sold it to yahoo has a nice essay on start-ups. I think you'll find a lot of it familiar. Like I said, I don't teach anything new, just how it really works.
Friday, December 17, 2010
Yahoo Stores
Posted in Business strategy, business tactics, finance by John Wiley Spiers
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