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DaVinci Coders
April 16th, 2014 at 10:10 am

The problem with profitless-on-purpose startups

spoonrocket

SpoonRocket

There are dozens of services operating in and around San Francisco like – Homejoy for cleaning, BloomThat for flowers, Postmates for courier service, SpoonRocket a gourmet meal-delivery service, and on and on. Most of them provide cheap, convenient amenities at the tap of a smartphone app. Few of them are profitable on a corporate level. And together, they’ve formed the backbone of a strange urban economy: one in which massive venture-capital injections allow money-losing start-ups to flourish, while providing services that no traditional, unsubsidized business can match. It’s an economy built on patience, and the hope that someday, after the land grab is over and the dust has settled, a better business model will emerge.

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March 15th, 2014 at 8:01 am

How China’s official bankcard is used to smuggle money

unionpay

Chinese government-supported payment card network, China UnionPay.

There are a growing numbers of people in China who are using the country’s state-backed bankcards to illegally smuggle billions of dollars abroad, according to a report by Reuters.

 

 

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March 6th, 2014 at 10:10 am

The Internet of Things is exploding, but the real money is the Internet, not the Things

internet of things

The real opportunity is building pan-device business services.

The Internet of Things is exploding, but the big money will not come from Internet nor the Things. Instead, the big money will derive from business services that pull data from those IoT networks.

 

 

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IL-Header-Communicating-with-the-Future

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February 4th, 2014 at 11:40 am

Bitcoin and other money fictions

bitcoin

Bitcoin

What should we be thinking about a currency like Bitcoin? The first thing we should remember is that money is a sort of collective fiction. What money we choose to trust says much about how we see the world.

 

 

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December 10th, 2013 at 11:13 am

Millennials are cheap – a graph that explains the teenage budget

Piper Jaffray got this when he last surveyed teenagers to learn how they spend money.

Nobody ever said it was easy being a teenager but, this make it look fun. Clothes (including shoes), electronics, movies, music, video games, concerts, accessories, food: That is the life. And together, it makes up about 70 percent of the teen budget.

 

 

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December 3rd, 2013 at 8:14 am

When Wasting Time becomes a Crime

Futurist Thomas Frey: Every time I delete spam from my inbox, I feel a tiny piece of my life flitter away.

Sitting needlessly at stoplights, or watching the minutes tick away as I wait in some line, or being forced to fill out yet another form, our precious time is being coopted by everyone from inconsiderate businesses, to overbearing government, to painful security checks at the airport.

 

 

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October 15th, 2013 at 9:51 am

App allows you to withdraw cash from cardless ATM using your phone

Cardless ATM lets you withdraw cash using your phone.

Three banks in Chicago, Los Angeles, and Illinois have been testing a service that allows bank customers to use an app that would allow them to retrieve ATM cash in mere seconds, no plastic necessary.

 

 

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October 12th, 2013 at 8:55 am

The Rise of Fat Venture Capital

Andrew Chen: In 2007, before YCombinator and AngelList had changed the industry, I worked in a nondescript office park in the heart of the venture capital industry off Sand Hill Road. Amid the leafy sprawl of buildings next to 280 and Stanford University, billions of dollars were and are invested out of the fancy offices of VC/PE firms you’ve never heard of. The whole industry has been shrouded in opaqueness since it was created decades ago, built on relationships from business schools, professional networks, and investor referrals. In 2007, I worked at a big firm as an Entrepreneur-in-Residence, and did my best to make sense of this world.

 

 

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September 23rd, 2013 at 11:52 am

How Americans spent their money in 2012

The Bureau of Labor Statistics has recently released their data on consumer expenditures for 2012.  For the poor, food, clothes, and housing account for more than 60 percent of all spending. The rich have more left over for leisure, insurance, and savings.

 

 

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September 17th, 2013 at 10:02 am

Argentina teen ‘superhacker’ has been arrested for stealing $50,000 a month

The teenager used malware to create a network of computers which diverted money illegally from accounts.

Buenos Aires, Argentina police have taken a 19-year-old man into custody on charges of orchestrating a hacker ring that stole $50,000 a month. The teenager, who has been dubbed a “superhacker” by the press and faces up to 10 years in jail if found guilty.

 

 

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