from the world's big
Great Company Founders Like the Big Picture AND the Little Problems
When Eric Paley met the founders of SeatGeek, the online ticketing agency, he noticed immediately how they were intimately engaged in solving the small problems of their business.
Eric Paley is a Managing Partner at Founder Collective, an early stage fund started by a team of entrepreneurs that launched companies and led them through successful exits. These founders are focused on helping the next generation of great entrepreneurs build important and lasting businesses. Previously, Eric was the CEO and a co-founder of Brontes, which was acquired in 2006 by 3M.
Eric Paley: I met with Jack and Russ for the first time at a coffee shop. I had been informed a little bit about what they were doing and their pitch at the time. They were incredibly focused on ticket pricing, which has actually become a very important thing through the history of the company. They were actually building data science models around the pricing to help consumers understand when was the right time to buy tickets. And in the early days that was a big value add of what SeatGeek offered. They've actually brought a lot of their pricing insights to other parts of the product over time, which is also very exciting. What got me excited about Jack and Russ was how, we use this term, are they all over it? When you start talking to founders about their business and you start pushing on what are the hard parts of the business, what are the tough things that are going to make it so that their business might not make it, might not survive? I like that conversation because it tells me a lot about the founder. Some founders just don't want to deal with any of that stuff. They kind of like their hands; they want to talk about the big picture. They don't want to engage the problems. The really great founders in my mind love engaging the problems. It's all they think about. They're up all night engaging the problems. Maybe there's a little part of them that feels a little defensive about it, but most of them love to engage a conversation about the hard parts because what they really love is talking to somebody who wants to talk to them about how to solve the hard parts of their business. That's what gets them excited because that's what they spend everyday thinking about.
The founders who like to waive their hands they don't want to think about it, they don't spend their days solving the hard parts. Usually they never solve the hard parts. When I met Jack all he wanted to talk about was the hard parts. We talked about his conversion funnel. We talked about his marketing. We talked about how difficult it was to have people want to purchase tickets on his site and then have to go out to external vendors to complete the sale and why that was interrupting, in many cases, the purchase and conversion of the customer. All those guys wanted to talk about at the beginning was the hard parts of their business, which is what we look for and gets us incredibly excited.
Founding a successful company inevitably requires big-picture vision. You've got to know where an industry is currently — and where it's going. Eric Paley, Managing Partner at Founder Collective, an early stage funding organization for entrepreneurs, has seen a lot of companies rise and fall — and he's seen the many founders that led these organization. He says it's rare to find founders who are equally passionate about solving the small problems as they are about looking at the big picture. So when you do, you know it's someone special.
Sallie Krawcheck and Bob Kulhan will be talking money, jobs, and how the pandemic will disproportionally affect women's finances.
Health officials in China reported that a man was infected with bubonic plague, the infectious disease that caused the Black Death.
- The case was reported in the city of Bayannur, which has issued a level-three plague prevention warning.
- Modern antibiotics can effectively treat bubonic plague, which spreads mainly by fleas.
- Chinese health officials are also monitoring a newly discovered type of swine flu that has the potential to develop into a pandemic virus.
Bacteria under microscope
needpix.com<p>Today, bubonic plague can be treated effectively with antibiotics.</p><p style="margin-left: 20px;">"Unlike in the 14th century, we now have an understanding of how this disease is transmitted," Dr. Shanthi Kappagoda, an infectious disease physician at Stanford Health Care, told <a href="https://www.healthline.com/health-news/seriously-dont-worry-about-the-plague#Heres-how-the-plague-spreads" target="_blank">Healthline</a>. "We know how to prevent it — avoid handling sick or dead animals in areas where there is transmission. We are also able to treat patients who are infected with effective antibiotics, and can give antibiotics to people who may have been exposed to the bacteria [and] prevent them [from] getting sick."</p>
This plague patient is displaying a swollen, ruptured inguinal lymph node, or buboe.
Centers for Disease Control and Prevention<p>Still, hundreds of people develop bubonic plague every year. In the U.S., a handful of cases occur annually, particularly in New Mexico, Arizona and Colorado, <a href="https://www.cdc.gov/plague/faq/index.html" target="_blank">where habitats allow the bacteria to spread more easily among wild rodent populations</a>. But these cases are very rare, mainly because you need to be in close contact with rodents in order to get infected. And though plague can spread from human to human, this <a href="https://www.healthline.com/health-news/seriously-dont-worry-about-the-plague#Heres-how-the-plague-spreads" target="_blank">only occurs with pneumonic plague</a>, and transmission is also rare.</p>
A new swine flu in China<p>Last week, researchers in China also reported another public health concern: a new virus that has "all the essential hallmarks" of a pandemic virus.<br></p><p>In a paper published in the <a href="https://www.pnas.org/content/early/2020/06/23/1921186117" target="_blank">Proceedings of the National Academy of Sciences</a>, researchers say the virus was discovered in pigs in China, and it descended from the H1N1 virus, commonly called "swine flu." That virus was able to transmit from human to human, and it killed an estimated 151,700 to 575,400 people worldwide from 2009 to 2010, according to the Centers for Disease Control and Prevention.</p>There's no evidence showing that the new virus can spread from person to person. But the researchers did find that 10 percent of swine workers had been infected by the virus, called G4 reassortant EA H1N1. This level of infectivity raises concerns, because it "greatly enhances the opportunity for virus adaptation in humans and raises concerns for the possible generation of pandemic viruses," the researchers wrote.
The word "learning" opens up space for more people, places, and ideas.
- The terms 'education' and 'learning' are often used interchangeably, but there is a cultural connotation to the former that can be limiting. Education naturally links to schooling, which is only one form of learning.
- Gregg Behr, founder and co-chair of Remake Learning, believes that this small word shift opens up the possibilities in terms of how and where learning can happen. It also becomes a more inclusive practice, welcoming in a larger, more diverse group of thinkers.
- Post-COVID, the way we think about what learning looks like will inevitably change, so it's crucial to adjust and begin building the necessary support systems today.
Scientists uncovered the secrets of what drove some of the world's last remaining woolly mammoths to extinction.
Every summer, children on the Alaskan island of St Paul cool down in Lake Hill, a crater lake in an extinct volcano – unaware of the mysteries that lie beneath.
The coronavirus pandemic has brought out the perception of selfishness among many.
- Selfish behavior has been analyzed by philosophers and psychologists for centuries.
- New research shows people may be wired for altruistic behavior and get more benefits from it.
- Times of crisis tend to increase self-centered acts.