-
Strategies for a discontinuous future.












Tuesday, October 21, 2003
 


SmartPlaylists lets you create and share iTunes playlists. The fact that iTunes doesn't let you do this clues us in to the fact that the guys running it don't really understand that direct network externalities are incredibly rare, extremely powerful, and a huge reason why people began using the net for music in the first place.

Services like this provide consumers massive gains, because they hugely reduce search costs, and offset the risk consumers face in buying experience goods from an industry they know is operating under extreme moral hazard. In fact, these kinds of search externalities are a huge reason file-sharing grew as fast as it did. Why is this difficult for the music industry to understand?

The article I just posted is about exactly this topic.

-- umair // 7:37 AM //


search



new


input

due diligence
ventureblog
a vc
techblurbs
tj's weblog
venture chronicles
terranova
the big picture
gigaom
venchar
bill burnham
babak nivi
n-c thoughts
paidcontent
techdirt
slashdot
london gsb
mefi
boingboing
blort
hardwax
betalounge

ing
morgan
chicago fed
dallas fed
ny fed
imf
world bank
nouriel roubini

portfolio
contact

mail.
uhaque (dot) mba2003 (at) london (dot) edu

skype.
umair.haque

atom feed

technorati profile

blog archives