Yes, but there are fewer merchants than over. 50% of e-commerce goes through 12 merchants. Consolidation is insane in digital commerce. So yes, we can buy many more products but through fewer and fewer merchants giving them huge power. Amaozn alone accounts for 30% of e-commerce
Quick comment from the author: One problem with this method is that it only includes companies that have raised money. Those that were able to bootstrap and become profitable without fundraising (and are perhaps even more awesome than any company on this list) are not included here. It's a lot harder to get info on those companies, but if anyone has ideas for how to do it, I'd love to know.
Hi,
Thanks for pointing this out. I should probably include something in here that clearly states: Getting into YC won't make you successful or vice versa.
No, it doesn't matter that much whether you get in, but people still care a lot and my point was simply to say: It's great to care, but don't let that fear paralyze you. Just apply and be a bit zen about the outcome either way.
Hey, this is Elli from HireArt. I'm the author of the piece. Agreed that rejection actually helps you get closer to your team and figure out what you're really building
Hey Steli, quick question: You suggest we should ask for the referral right when the customer makes the purchase. In the case of a SaaS solution (like ours) they haven't experienced the product at all right when they make the purchase...isn't it better to wait until they have experienced the product to ask for a referral (eg when they've had a success on the platform)?
Thanks so much for making this public. You're putting yourself out there for our benefit and so that we can all learn (and not feel quite as shitty when we get similar emails). Thanks.
Great article! I especially like the comment below which is very true in our experience (W '13):
YC: What’s been the most surprising thing about YC?
"How much everyone really cared about us. You have a lot of mentors and friends and supporters who are all helpful, but the YC partners had this astronomical degree of kindness toward us."
I had read a lot of marketing books and watched videos. Then I tried making my first Google Ad. I lost hundreds of dollars. Actually doing stuff is very humbling because you realize how little you know.
I think this really applies to all online courses. It's great to take a marketing course, but to really become a marketer you're going to have to learn how to learn on your own. Would be great for courses like Udacity to explicitly build material into their curriculum that teaches you how to learn on your own after the course is over.
So interesting to see start ups that help w this kind of remote collaboration. An interesting example of globalization. Now a band can be in Toronto, DC and Hong Kong at once. I wonder if the music will be more diverse and interesting
That's true ZhangBanger. But don't you think you get at least some basics from an MS in terms of logic, how to architect an idea, etc? For instance, as a non-tech person learning the basics was so incredibly difficult. Just understanding the basic frameworks of how a computer "thinks" was hard....
I wonder whether this is actually possible for someone who didn't have a computer science background at all. I have spoken to Andy and I know he did coding when he was young (Note, this is Elli from HireArt). I guess I wonder if it's possible to make such a huge transition if you had no prior CS background at all
Plug: If you want help writing a better job description, we're one of the companies quoted in the article and can help you (HireArt). We do it for free if you post a job on our site. It's pretty crazy how much of a difference it can actually make. If you do it yourself, my biggest advice is: make it memorable. Funny, sweet, crazy, whatever...but make it something people think of even after they close the browser window. www.hireart.com
Hey Baltcode, This is Elli, Co-Founder at HireArt. We actually only do jobs for non-technical hires (marketing, business development, sales, operations, etc)
I love the part where he talks about how he thinks everything should be doable through the internet. Need food? internet. Need dates? internet. Need entertainment? internet. Totally true that most job boards don't work.