The New Economics of Cybercrime, Entertainment & Media: A World of Differences, Why Is Chick-fil-A’s App Number One in the App Store? + more

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As we’ve seen ransomware in the headlines and gaining prevalence when it comes to cybercrime, it’s good to take a look at what progress has been made and as well some of the new dangers that are out there.  This week The Atlantic looks at how we’ve progressed over the past decade and the rise of ransomware and then there is a companion piece from Euronews in February about how the Internet of Things is being impacted by cybercrime.

“Code wins arguments,” “Move fast and break things,” or “Done is better than perfect.”  Those are some of the mantras that ring in the halls at Facebook and it has led to their ability to get to market faster and build dominance through their open environment.  Zuck has done everything he can to pummel Google Plus into the ground, and now that open culture may lead to Facebook’s dominance in AI.  As well, there’s this piece on how AI is changing SEO.  Speaking (orthogonally) of machine intelligence, Steven Sinofsky has a good read out on the rise of it at this year’s code conference.

If you’ve not really taken the time to consider the Maker Movement and its impact and influence, take a moment to check out this article to get a start.

You may recall Marc Andreessen’s famous “Why Software is Eating the World” essay from the Wall Street Journal, (and if you have a chance, catch the recent Tim Ferriss Show podcast featuring Andreessen), and this week TechCrunch follows on with how software is STILL eating the world five years later.

For many, print media, especially newspapers, have become a thing of the past.  This week, The Shorenstein Center on Media, Politics, and Public Policy explores how that’s not true for the Washington Post, how Jeff Bezos is reinventing that beleaguered news institution, and what others in the newspaper business may learn from it.

One thing I missed last week when talking about Uber was the news that they’ve joined a partnership with Saudi Arabia to provide transport for Saudi women, which many view as a major setback in the twenty year campaign to allow Saudi women to drive themselves instead of having to hire male chauffeurs or rely on male family members.

If you’ve not heard, Apple made some major changes to how the App Store functions recently.  For a summary, take a look at this blog, and for analysis into it, we can turn to The Verge.  There’s also this piece on how Apple has lost its simplicity, and whether or not that is a good thing.

strategy+business has an in depth look at the Entertainment & Media companies and how they are striving to pivot to serve digital consumers around the world.  This breaks into five shifts that are roiling the industry: demographic shift towards serving younger users, content is still king with regards to competition, the relevance of bundling even in light of everything we hear/read, growth markets, and the ability to build trust.  To that last one, historic shifts are now under way forging the creation of new business models, and perhaps even new industries. Those that are able to integrate the capabilities and approaches that create value for customers will continue to thrive and continue to build loyalty and trust in their customers.  While we think that long range planning for E&M firms may seem nonsensical with as much as the industry has been disrupted and continues to be, there’s also a truth to the staying power of many of the E&M companies due to their ability to pivot while focusing on the power of youth, the primacy of localized content, the resilience of a new kind of bundle, the deepening of developing markets, the potential for new business models.

Wondered how much money Hamilton is making on Broadway and where it’s all coming from/going to?  This piece from the New York Times goes deep into that.  Needless to say, the show is well on its way to becoming a billion dollar phenomenon.

Not that this is news we want to hear, but George Soros is back at it trading again.  Why, you ask, do we not want to hear that?  Because he is incredibly bearish on global markets, betting heavily against China and stating that China’s financial system right now “eerily resembles what happened during the financial crisis in the US in 2007-08.  Looking for more behind the why of China’s fall?  Read here.

Mike Curtis has led engineering teams at Facebook and Yahoo and is now a VP of Engineering at Airbnb.  He started out, however, knowing zero code and in this article looks back on the most important lessons he learned on his journey, including treating engineers like business owners and when to adopt a new technology stack.

When we think of Microsoft, we don’t think open source given the history of the company and how closed the platform has been.  Well, the times they are a changing, a good example of which is this article that starts by delving into Microsoft’s purchase of Xamarin, which makes tools that allow developers to use a shared code base to create “native” applications for mobile operating systems made by Apple, Google, and Microsoft.

It’s a bit out in left field for what I usually dig into, but this week we saw Chick-fil-A’s app become #1 at the app store.  How did a fast food chain climb to the top of the charts so quickly?  Well, in part because they told anyone who downloaded the app that they’d get a free chicken sandwich, and in part because of how they’ve targeted their demographic.  Chick-fil-A has gone above and beyond to secure the loyalty of families and even when there have been the occasional media black eyes, the company has survived and even thrived because of the audience it targets.  How do they do that?  Well, I think it all ties back to how they stay true to their ideals, and while you may not agree with those ideals, you can see the power of that and the loyalty it stokes.  It’s a good lesson for us all.

Along with speaking about culture and values, my brother shot me an article this week about giving away your legos.  This is, in essence, a metaphor for how you have to be willing to let go as you scale your start up.  Another great one from First Round is about the principles of quantum team management.

Fintech continues to be dominating the news cycle, and with good reason.  Most people inside the traditional Financial bulwarks of today despise fintech without even understanding it, and more and more excitement is being generated in the startup world by any number of companies out there.  This article from TechCrunch explores how fintech is playing the long game.

It you’ve got some time to kill this weekend, head over to watch the full Elon Musk interview from the code conference.

My youngest has a tendency to declare that every moment, every thing, every experience in her life is awesome, and while I pretty often agree that that is the case, a few conversations with her this week reminded me of this TED talk.  We’ve seemed to lose sight of what awesome truly means, and by using it in excess, we lessen the impact of that word.  Mind you, I’ll still argue that through my five year old’s eyes, everything does seem pretty awesome.

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