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Russell Holcombe, CFP, MTx's curator insight,
November 16, 2013 12:48 PM
Great article on testing new ideas in business.
Oliver Durrer swissleap.com's curator insight,
October 22, 2014 2:22 PM
The notion of "MVP" or "Minimum Viable Product" is a key element of Eric Ries' book The Lean Startup. The idea is to test an MVP with early adopters to reach product-market fit as quickly as possible through real customer feedback and validation of underlying growth and value hypotheses. Avoiding to waste time and resources on developing a product that nobody wants. Still - very surprisingly to me - the number one reason for Startup failure, according to this source: http://sco.lt/8gFEh7 |
Luke's curator insight,
December 16, 2013 6:10 PM
I think this will eventually succeed, once large online platforms like Beatport try it. It might take some time though.
chen kc's curator insight,
October 10, 2013 12:20 AM
http://www.staged.com/video?v=WQce like this video content... |
Vincenzo Marino does an excellent reporting job on the International Journalism Festival news site, by summarising and distilling the good stuff emerging from an interesting and sustained debate on Twitter (Business Models for Journalism - Storify) on the state of online journalism and its potential future business models, initially kicked off by entrepreneur and Netscape co-founder Marc Andreessen.
Among the highlights, what Andreessen calls “the most obvious eight business models” for now and the future:
1. Quality journalism for high-quality ads
2. Succeeding in making readers subscribe and pay for value products
3. Premium content worth buying
4. Relying on live conferences and events
5. Investing across multiple channels
6. Crowdfunding ("Gigantic opportunity especially for investigative journalism")
7. Offering the option to pay in Bitcoin for micropayments
8. Keeping an eye on philanthropy (like ProPublica and Pierre Omidyar's First Look Media)
One stratospherically important point to take home from this valuable roundup is the following:
"The role played by quality, however, is crucial especially when analyzed in the light of the tendency of the market to expand, creating less accurate content.
The challenge is to make a product (or brand) a point of reference, a lighthouse in the night of uncontrolled content and viral hoaxes."
Informative. Resourceful. Insightful. 8/10
Original article: http://www.journalismfestival.com/news/state-of-the-media-and-possible-business-models/ by Vincenzo Marino
Reading time: 12 mins.