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Andrew Hicks
Andrew Hicks

Andrew Hicks

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From Networks and the Nature of the Firm by Tim O'Reilly

…needed when coordination can be performed without intermediaries with the help of new technologies. Apps can do now what managers used to do. [Bolding mine]

From Networks and the Nature of the Firm by Tim O'Reilly

Internet era networks don’t just seek to eliminate workers, they seek to augment them. Invest in software that empowers your workers, allowing them to multiply their effectiveness and to create magical new user experiences for customers. We will talk more about augmented workers in a future installment of the WTF Economy series of essays on Medium.

From Networks and the Nature of the Firm by Tim O'Reilly

…ducts to the market at lower prices, increasing demand. Be sure to pass savings on to the customer. Given sufficient investment, you can scale more quickly by passing on the savings even before you get to scale. Jeff Bezos was able to convince the market of this proposition, enduring years of losses or very low margins even as a public company in order to reach massive scale. Uber appears to be following the same playbook.