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Great article. Wish I read it earlier. I started a company (graduate jobs board) which failed remarkably. I had no idea the extent of difficulties I would face. The hardest thing was getting the "buyers" - i.e. the employers - to advertise. The "sellers" - the graduates & students - was a piece of cake. 1,000 users in a couple of months. But without buyers, the whole thing was for naught.
The other thing I noticed in the "marketplace" business model is that the leader is able to reinforce their market position and take the lion's share of the market. It's very difficult you're up against a competitor like that but if you're establishing yourself to be the leader and succeed, it's extremely profitable. The CEO of Australia's leading job site, seek.com.au, commented that unless you have market leadership in "marketplace" business models, it's not worthwhile.
I like the ideas expressed in this article except it lacks specifics, examples etc. For instance, he says "about 4 to 5 months after quitting my job I was already ROI positive in terms of networking, learning and satisfaction." And he leaves it at that. He doesn't expand on how he networked, whether they're from school, social group or whatever.
And it's short. No offence but I don't see how this article got this much upvotes
Greece will only be bankrupt if they don't get bailed out again either by the EU, the IMF or both.
The measures demanded by the IMF & EU (which is necessary for political will & arguably 'right') will cause the economy of Greece to contract.
There has been much squabbling within the EU about how to structure a loan and the whole thing has been a mess given differences within the EU.
The stability of the Euro is certainly much on the minds of the Germans given their experiences with the mark and the loan can be challenged in the German supreme court if it undermines the Euro.
I frankly wouldn't worry about which way the Euro will go. Especially when compared to the problems other wealthy nations will face.