Craig Newmark on Monetizing the Internet
Newmark: The way we make money at Craigslist is basically, oh, we’ve decided the site should be mostly free. Nothing noble or altruistic about it, we’re just operating out of principles that feel right. Specifically, right now, we charge for job postings in 17 cities and apartment listings in New York, New York only because real estate is a blood sport in New York. The principle is that in ‘99, I asked people, hey, how should we pay the bills and do a little better than that? People told us charge advertisers who already paid too much money for less effective ads. People, specifically, told us there are some consensus that we should charge recruiters and employers for job ads and we should charge real estate agents and brokers for real estate listings. To be very clear, we don’t charge people looking for a job, we don’t charge people looking for a place to live. Nothing noble or altruistic about this, we’re just operating out of a sense of what our core values are about. Craigslist has been self supporting from its beginning. When it was just me, basically, I would write code and do things in my spare time. When the tasks become onerous, I would write more codes to expedite those tasks. In the year we ran on a volunteer basis, we experiment with charging for job postings. And so we bootstrap ourselves from the beginning as a real company in ‘99.
Craig Newmark explains the revenue model at Craigslist.
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A disturbing interview given by a KGB defector in 1984 describes America of today and outlines four stages of mass brainwashing used by the KGB.
- Bezmenov described this process as "a great brainwashing" which has four basic stages.
- The first stage is called "demoralization" which takes from 15 to 20 years to achieve.
- According to the former KGB agent, that is the minimum number of years it takes to re-educate one generation of students that is normally exposed to the ideology of its country.
When these companies compete, in the current system, the people lose.
- When a company reaches the top of the ladder, they typically kick it away so that others cannot climb up on it. The aim? So that another company can't compete.
- When this happens in the pharmaceutical world, certain companies stay at the top of the ladder, through broadly-protected patents, at the cost of everyday people benefitting from increased competition.
- Since companies have worked out how to legally game the system, Amin argues we need to get rid of this "one size fits all" system, which treats product innovation — "tweaks" — the same as product invention.
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