Wiley buys Hindawi -- a $298 million acquisition for GBP 25 million in annual APC revenues -- in bid to expand open-access platforms @pbasken
Does publishing platform Phenom get rolled into Atypon at some stage? > \u201cThe US-based academic publisher Wiley has agreed to acquire London-based Hindawi in what it described as a push to improve its delivery of open-access options.\u201d https://t.co/J3TQpgu809 pic.twitter.com/ZoLydLjMYj— lorcan dempsey (@lorcanD) January 5, 2021
This is a perfect example of the "ecosystem shrink" that I'm concerned about during and post-Plan S. Obvs there are loads of business reasons beyond eliminating another pure-OA stand-alone publisher but the risk remains: How many will there be in 2 years? #AnotherOneBitesTheDust https://t.co/DaLpe3AY8F— Sara Rouhi (@RouhiRoo) January 5, 2021
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Instead, what if you could get a locker for free?
What if I said banks would pay you to keep your gold assets safe?
Time for a thread. 👇👇👇
1/ The major issue with having gold in bank lockers is
- You pay hefty fees on an annual basis to the bank.
- The lockers aren't insured
- There's no real safety/security in case of theft or an unfortunate event.
Is there a work around?
Enter "Gold Monetisation Scheme".
2/ GOI introduced the Gold Monetisation Scheme in 2015. The main objective was to cut down India's gold imports.
How it works:
You deposit your gold in bank.
They keep it safe for a fixed number of years.
You get it back as physical gold or cash on maturity.
3/ What should you do to be eligible?
You should take the gold you want to deposit to a Collection and Purity Testing Centre (CPTC). GOI has established over 300 CPTC's across India.
They will take your gold, evaluate its purity, and provide a receipt for the gold quantity.
4/ You take the receipt to your bank.
Create a gold monetisation scheme account in your bank.
Give them the receipt provided by PTC.
Your bank will then convert that receipt to a scheme certificate as part of your GMS account.
2/ “All successful investment involves trying to get into something where it's worth more than you're paying. That's what successful investment is. There are a lot of different ways to find something worth more than you're paying. You can do what Sequoia does [e.g, in VC]."
3/ “Good investing requires a weird combination of patience and aggression and not many people have it. It also requires a big amount of self-awareness about how much you know and how much you don't know. You have to know the edge of your own competency."
4/ "A lot of brilliant people are no good knowing the edge of their own competency. They think they're way smarter than they are. Of course, that's dangerous and causes trouble.” Charlie Munger
5/ “When I was young, there was practically nobody involved in investing and they weren't very smart. Now almost everybody's smart. A good proportion of the people in investing are sucked into finance by the money. That's an important development. I don't welcome it at all."
Let's first go through the negatives
2/x I really understand the excitement when you put on the "local dominant marketplace"-glasses and start comparing CDON multiples to the likes of $AMZN, $MELI, $SE or whatever. But with boots on the ground I can assure you, that they are *nothing* of the sort. At least yet.
3/x Just looking at GMV/revenue, after >20y in business, an "everything store", CDON doesn't even come near other local niche players like $BHG (8bSEK) or $BOOZT (4bSEK) and other private companies. They are closer to $LYKO in size, who are only selling hair & beauty..
4/x Unfortunately the brand is very much on decline (especially among young ppl) since the website has been mistreated for years and years, so I think they have to work extremely hard on building trust + enhance customer experience to even have a change long term.
5/x Like I wrote yesterday we have a very divided (in a good way) eCommerce market in the Nordics, with lots of amazing niche players with top notch customer experience. To put it in words you understand, we are a more $SHOP like region with independent businesses.
Next month, for the first time- I’ll receive my full post tax salary, for the first time since I graduated.
Sharing as an example of how the system works in practice. In truth I only seriously started paying off the capital in the last few years, when I started to earn a good salary, paying roughly £400 a month off. I suspect many will never significantly eat into the capital.
That’s especially the case for those those under the new regime, who have over £50k of debt. I was lucky in a) lower fees (3k not 9k) and maintenance grant (not loan) still existed.
Indeed IFS forecasts that 83% of students from PST 2012 reforms won’t fully pay back their loan.
Of course those who don’t pay off their fees, the cost will eventually have to be absorbed by the Treasury. Having 17% pay back all and the rest some will still be cheaper for HMT than no loans at all. But we should recognise the a) odd conceit that we have a system of loans...
...which the vast maj will never pay back and that instead b) that graduates are paying in effect a topped up rate of income tax for many, many years.
It takes ~$5k to start and will make ~$30k a year of profit
It won't get you rich, it'll pay for college.
(..and will teach them more about business than they’ll learn in school)
The idea isn’t sexy. But it works:
**Plastic Moving Bin Rentals**
Everyone knows moving sucks. The worst part is being stuck with 400 cardboard boxes at the end of your move.
Instead - @benmlevy told me about Gorilla Bins. They dropoff plastic moving bins, & pickem up later.
Let’s break it down. Our goal is to pay for college (~$30k profit per year).
To do that, I think we’ll need $50k in revenue.
The avg move (a 2 bedroom apartment) is $180
To hit our goal, we need do ~5.5 moves per week
How many bins do we need to buy up front?
5.5 moves a week x 50 bins = you need 275 bins. Let’s round up to 300 to be safe.
Ok let’s hop over to @uline to see how much these bins cost
Bingo. Bins cost about $15 a piece.
$15 x 300 bins = $4,500 initial startup costs.
Time to beg your parents or a rich aunt to lend you money to get the biz rolling (...or just take $5k of student loan money and invest it here…)
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Thanks to @chamath for laying this out in Social Capital's 2018 annual letter.
I've always appreciated his outspokenness.
2/ The hardest thing for most startups today is the path to market: first finding product-market fit & a way to reach customers, then building a ruthless machine to acquire, monetize & retain them.
3/ Because of this, when the VC industry invests capital into fast growing startups today, the plurality (if not majority) of invested capital will go into user acquisition and ad spending, for better or worse— usually worse.
4/ Todays massive venture-backed advertising, sales, and user acquisition playbook has morphed into one that champions growth at any cost.
This is creating a big bill that will soon come due...
5/ Ad impressions and click-throughs are bid up to outrageous prices by startups flush with venture money, and prospective users demand more and more subsidized products to gain their initial attention.
After all the recent online events/conventions, I realised that there are a lot of people who don't understand how to maximise their promotion potential, so here's a quick, basic thread on how to do that!! 1/13
1. POST YOUR LINKS EVERYWHERE. People are lazy and want to do things as easily as possible. Put your shop/website/patreon link in your Twitter bio, in your pinned tweet, in your IG bio, make links easy to find on your site, put your links everywhere, please oh my god. 2/13
If you're making a post talking about your shop, put a link to your shop in the tweet (or in the tweet below if you're worried about algorithms). Say "shop link below!". Make it as easy as possible to find your shop! The majority of people will not go looking for the link!! 3/13
2. POST YOUR EMAIL EVERYWHERE. Someone looking to hire you isn't always going to want to DM you, and if they can't easily find a way to contact you, they'll just skip you. Put it in your bio!! Put it in your pinned tweet!!! Put it in the header of your website!!! 4/13
3. Related: make a website. If you don't want to make a portfolio website, then make an Instagram or Tumblr where your work is clearly on display. People are lazy. People don't want to scroll through memes to find your work to see if they want to hire you or buy from you. 5/13
• After launch, ROI declines consistently across every advertising channel
• Early metrics are misleading because traffic is front-loaded due to the way ad algos work
Digital ad metrics have decayed every year since the industry was created.
• CPMs on major ad networks are now increasing at ~40%/yr.
• In 1997, CTR on HotWired was 78%. In 2019, Facebook’s average CTR is about 0.9%.
Facebook/Google algorithms are so good at targeting people that paid acquisition traffic tends to be highly front-loaded.
Founders and investors are often shocked when numbers rapidly decay — because the ad population has been saturated.
So, what’s the answer for these startups? I think a few things:
1. Optimize ad spend as the userbase saturates
2. Build a distribution moat to re-target customers later
3. Focus the core business on things that spread organically
4. Explore emerging advertising channels quickly
1. What type of Security you use in your Home Network?
2. What you know about global information Security policy or Information Security
policy in the organisation / Does your organisation have a security policy ?
say yes – then make sure you have read it because they might ask you leading
question from there.
3. Differentiate between Vulnerability, Threat and Risk and give any real life analogy?
4. How you Secure you Windows and Linux Server ?
5. What is the difference between filter and blocked ports ?
6. What ports does Ping uses ?
7. Why it is important to monitor DNS ?
8. What is the difference between MD5 , SHA1 and AES ?
9. If you have to store a password in the database how will you store it ?
10. What is a salt in Security?
With this, let's get motivated with some curated readings & posts by fellow #24hrstartup participants & indie makers. Check them out below!
✍️ Andrew Parrish wrote - "Why I'm Participating in the 24 Hour Startup Challenge".
@makersup's takeaway - Makers love possibilities, the joy of building. Any aspiring maker should experience the end of lurking on forums & reading @wip's to-dos.
👩💻 @anthilemoon created a list of @women_make_ members participating in the #24hrstartup challenge. Do let her know if she missed anyone!
More at: https://t.co/zYKVZEq8aq
Creating a list of @women_make_ members participating in the #24hrstartup challenge this weekend \u2013 please let me know if I missed anyone! \U0001f469\u200d\U0001f4bb #womenmake pic.twitter.com/Kh7O7fKv7h— \U0001d400\U0001d427\U0001d427\U0001d41e-\U0001d40b\U0001d41a\U0001d42e\U0001d42b\U0001d41e \U0001d40b\U0001d41e \U0001d402\U0001d42e\U0001d427\U0001d41f\U0001d41f (@anthilemoon) November 14, 2018
😺 We can't forget one of the key platforms in shipping indie, can we, @ProductHunt?
Check out @ProductHunt's guide to launching at: https://t.co/VB6WgGx6sa.
In addition, it would be wise to prepare for the launch. Fine tune your assets and post at
🚢 Well, we definitely can't leave out the man behind all of this, @thepatwalls!
Launching isn't easy, but know what you'll be facing even before coding. Check out @thepatwalls' "words of shipping" at: