If there's anyone who knows about business, it would be Sean Parker. The Managing Partner of Founders Fund (also of Napster, Plaxo and Facebook fame) recently sat down with Fast Company to discuss about businesses, and why some tend to fail. Parker sums it up in this 30-sec clip:
"mySpace never would have existed if Friendster had been a properly managed company. Most of my friends were investors, I was advisor to the CEO, we were all screaming the sky is falling, no one was doing anything about it, classic case of where a company just blew it. And mySpace is another case where a company just blew it. Facebook had not chance to win, we should not have won the market, the network effects at mySpace were so powerful, the only reason we won was because of the gross incompetence of mySpace, systematically, over many years."
Of all the things that are going viral, it's a new kind of swimsuit. One that doesn't require a lot of investment. It is non other than a plastic bag! Young women in Taiwan have been uploading pictures of themselves online wearing this type of DIY swimsuit made from convenience store plastic bags. Read more
What if your pillow could talk back? What if it could have a conversation with you on a low level? Wouldn't that be great? Wouldn't that be great if you had no one to talk to? Especially just when you're about to sleep? This pillow is for you if you feel that way. Read more