How Uber, Airbnb, and Etsy Attracted Their First 1,000 Customers

New businesses often struggle finding their first customers. The challenge is even more difficult with startups in the sharing economy that launch as platforms connecting independent service providers with consumers. Take Uber. Its platform is two-sided, connecting people who need rides with people who have rides to offer. (Same idea as Airbnb, which connects people…

Shareholders want Mark Zuckerberg out as Facebook board chairman

It would seem founders are not having it good either in India or globally. It is now the turn of Facebook’s Founder Mark Zuckerberg to face heat over his removal from the company’s board. According to media reports, a consumer watchdog, SumofUS.org, has proposed for Zuckerberg’s ouster from the company’s board of directors. The members…

Flipkart needs some patient, permanent capital

The markdowns are flowing thick and fast for Flipkart. There’s a lot of noise out there painting a picture of doom and gloom. But should valuations cause so much consternation? Isn’t there a larger story waiting to be told? In the last few days I trawled through old reports, news stories and information available in…

Ebay Lays Off Entire Product And Tech Team In India.

US-based e-commerce marketplace eBay has reportedly fired its entire product and tech team in India, except 15 officials, who might move to the US, according to a report by TechInAsia. While confirming the development, Latif Nathani, Managing Director, eBay India called it “benching” rather than “firing.” The fired officials were working out of eBay’s development…