Another amazing interview by Jason on This Week in Startups.
Domm Holland runs Fast, a one-click checkout for the entire Internet.
It seems like Domm noticed that Amazon’s one click patent expired and took advantage.
Uber and Yandex will be spinning off their self-driving car subsidiary into its own entity – MLU BV.
MLU BV will have $150 million in new capital from Yandex, including $100 million in equity and $50 million as a convertible loan.
In connection with the deal, Yandex will hold 61.7% of MLU and Uber will own 33.5%. Bloomberg reported in June that Yandex had been looking to buy all of Uber’s initial 38% stake as an alternative to taking the taxi business public. Uber merged its Russian operations with Moscow-based Yandex in 2017.
There is very little difference between Berkshire Hathaway’s BRK.A and BRK.B shares.
BRK.B shares were created because Warren Buffett noticed that the BRK.A shares were growing considerable high is cost per share and that these shares were less obtainable by the average retail investor and could only be purchased by either very wealth individuals, unit trusts or mutual funds.
Thus, Warren decided to create BRK.B shares to provide the average investor with the opportunity to purchase shares in Berkshire Hathaway without the huge cost associated with BRK.A.
There are other very small differences, but the above is the only one that really counts.
Xiaomi is a very interesting company with a very interesting business model.
The vast majority of phone manufacturers around the world create a smartphone with a cost of around $100 and then they spend a huge amount of money on marketing and branding. The company then believes that the smartphone has a much higher percieved value – so they sell it for $400 or above.
Xiaomi doesn’t do this!
Xiaomi is aiming to sell all of its products as close as possible to their costs – as they want to have as many products available in the world as possible.
Once out in the world and being use – Xiaomi then looks to drive revenues from providing software and services around these products, which has a much higher margin that the hardware itself. Thus, driving higher demand, more product adoption and thus more revenues from services.
Companies are now able to see their page followers on their Linkedin company pages by going to their company page > Analytics and then See Followers.
This is a feature that has been requested for a very long time and it’s great to see that Linkedin have listened and finally added this feature.
Asana is one of the world’s most popular project and task management software (we use Asana in our office). A week ago Asana filed to go public on the New York Stock Exchange.
Instead of an IPO – Asana has elected to file for a direct listing (which means that they aren’t selling any new shares in the listing only the existing ones).
By the numbers: