16 karma · joined August 16, 2010
I think the people who actually succeed in going out of their league, or the ones who do have that long term relationship with the CEO, are the ones who have the confidence that they do have some value to offer. And by definition, these people are more likely to take the risk - because there's something legitimate backing it up. Not saying that every confident person who approaches the GS CFO will develop a long term relationship. But the ones who actually attempt are probably going to be the same people who have the confidence in themselves to build a long term relationship - and believe they can offer some real value.
2) Good pair of running shoes and a tennis racket
3) Food - Not often, but nice restaurants when I can
Other then that, I don't care as much about what I drive, what I live in, etc. I do care - but as long as I'm living in an interesting city I'll be fine.
So many people keep buying Office because it's all they've ever known, and it works. And you see that much more on the older side of 40. But for the future generations, that do know about OpenOffice and GoogleDocs, well why would they pay for Office?
Look at actual computer sales too. Windows obviously has an overwhelming market share, but look at colleges. When incoming freshmen are looking at what to buy, not many are saying "I really want that new Windows 7 Dell laptop!". Instead everyone wants the sleek, sexy MacBooks - I'd say anywhere from 60-70%. College students today are the consumers of the future, and if they buy Mac for college they're probably going to stick to Macs for a long time.
Microsoft isn't retarded though (okay maybe Balmer is), they know the situation. Zune, Xbox, Microsoft retail stores? You think Microsoft needed that 10 years ago?
Otherwise it's really interesting how there's not a single extroverted type higher than the introverts? But it just goes to show being introverted doesn't mean you're socially incompetent and can't talk to others.
I want to see a poll like this for CEOs or other executives. Most leaders I know (at least the good ones) are introverts, but they still go a great job leading. Wonder if it's the same for bigger companies.
So with that, I think 75k is definitely enough to live a happy life - at least when you're young and only supporting yourself. Say you live in Chicago or New York, here's how I see it breaking down:
10k in taxes
20-25k for monthly rent, bills, and expenses (sure that's not a Lakeshore drive 40th floor apartment, but still nothing shabby).
10k for food (I'm being really generous here)
That's pretty much everything you need to survive, and survive comfortably. So that's still, what, 35k in free spending money? Of course it's not too difficult to spend 35k, but the point is that it's a lot of money for free spending. Some save, some buy nice cars and things, most are usually somewhere in between. I still have a couple years till graduation, but if I'm making 70-75k after graduation, there's no way I'm complaining.Beyond 75k, the happiness it brings definitely varies by person. If I had significantly more than 75k a year, the first thing I would think is "Now I have some money to do something I really want". I'm talking about startups, which I think becomes a lot more doable when you have some money to spend on an idea.
Also lets not forget the happiness more money can bring. I think the householder pulling 300k a year is going to feel a lot more relieved going home then someone else making 75k. Person 1 could be unemployed tomorrow, and still be okay. But Person 2, if they lose the job, could be in a lot of trouble trying to support kids and pay the mortgage. The stress Person 1 has is significant, and I don't think this study really considers that.
If Apple really is serious about AppleTV (more than just a hobby), then iAd is brilliant. Ads suck these days, the best ads are probably the ones by Apple (okay and I love the dos equis ones too). iAd brings interaction to the already visual experience, basically it makes an ad that I'm much more interested in watching. If Apple can get major networks on board by providing them comparable revenue through iAds, then it really could change everything.
But my general policy with posting online content is if you put it online, don't be surprised when people find out. I think the ad agencies tracking 4sq check-ins is key to monetizing location based services, and I'm all for it because it just makes sense. When/if this happens, 4sq and others will hopefully be transparent about it, so users know what they're getting into.
But if you don't want people/companies to know where you shop, don't check in. Simple as that.
I haven't gotten the rollout yet but hopefully Facebook realizes this and makes Places something you can use with some of your friends, and not all of them.
But...I can't help but think about Buzz. Gmail had those 170 million users. Sure Twitter was around, but how could Buzz fail when there was this huge existing audience to use it? But today I don't use Buzz at all, and Twitter around a dozen times a day.
Facebook Places has potential, but it's way too early to think Foursquare will be "crushed"