The in-depth story about
why Alinea, Next and the Aviary moved to a ticketing system for their bookings
as opposed to the standard restaurant reservation system (or using
OpenTable). While it’s long, it’s a
great in-depth explanation that explores the qualitative reasons for making
such a move and provides a lot of interesting data that helps show the impact
of the move. I won’t be surprise if a
number of restaurants (especially higher-end ones) move to such a system in the
coming years! (Nick Kokonas, Alinea)
Ever wondered about how
lucrative (spoiler alert: unless you
make your LPs good money, it isn’t!) it is to run a small VC fund? Well, in an extraordinarily transparent post,
Charlie O’Donnell walks you through the economics of his small fund! (Charlie O’Donnell, This is Going to be BIG)
Fred Wilson’s one of the best
known and (with his partners) most successful venture capitalists on the East
Coast (and I suspect the US & world).
He also writes a blog,
where he posts every day which should be required reading for those budding
entrepreneurs out there, those who work for/with them, and those that invest in
them (and I guess, just folks who want to learn/know stuff). Here’s the transcript (on his blog) of a
recent interview he did with Business Insider (Alyson Shontell and Fred Wilson,
Business Insider and A VC respectively).
Uber’s been in the news
recently, with protests in Europe’s and the firm’s claims that the “median
small business income” with Uber X in NYC is $90,000+. Here, Justin Singer goes into the numbers and
unsurprisingly finds that the numbers are rather generous (essentially it’s
more of a revenue figure, than an income one), and leads to some more general
questions about Uber’s future. (Justin
Singer, Justin-singer.org)
Our Man’s
mentioned that oral histories are all the rage, but after the recent one on Trading
Places, how could he not indulge you with the one on Ghostbusters. Is seemed like it was a mess to make, but a
LOT of fun! Anyways, who you gonna
call? (Justin Matloff, Esquire)
In a 2001 speech on
British race and identity, Robin Cook (then the British Foreign Secretary) said
"Chicken Tikka Massala is now a true British national dish, not only because it is the most popular, but because it is a perfect illustration of theway Britain absorbs and adapts external influences."
Unfortunately, the
commonly told story behind its origination isn’t entirely (or at all)
true! (Mark Hay, Roads & Kingdoms)
It still
boggles Our Man’s mind that when he was getting his MBA, Henry Singleton’s name
never came up – given he was one of the great entrepreneurs, businessmen and
capital allocators in the 20th century! If you invested in Teledyne stock in 1966, you’d
have had a 53x return on invested capital over the next 25yrs (vs. 6.7x for the
S&P 500, and 9.0x for GE). Here’s the
closest thing to a case study on Singleton, and his conglomerate Teledyne. (John Chew, CS Investing via Value Walk)
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