"6. Tech people adopt early
And you use Hotmail."
"Mobile is a different paradigm, and social has re-ordered the way we discover and consumer content. While homepages and verticals are still important, young consumers especially live in a world in which content finds it way to them rather than the other way around."
"They are losers. They are out there. And you should not hire them."
"You know who else has great ideas, or at least feels they do? Homeless people. And if the guy at the 24th Street BART station is an entrepreneur, I’m concerned."
"On bringing Fashionstake into their fold (its founders are now Fab’s fashion buyers), he explained, “Their mission was the exact same thing, to make fashion democratic, to find these emerging designers that didn’t have a platform and help them get their goods into people’s hands. What they lacked, honestly, was having an audience. So what we’ve done now is really a marriage of the two; we’ve built this really expansive audience and they have this very deep rolodex of designers who are itching to sell their products."
"Tickets work great for things that are a privilege. Movies, concerts, cruises, and so on. Tickets worked great for flying in the 30′s, 40′s, and 50′s because it was a treat. It wasn’t something everyone did. Now, flying isn’t a treat. For many people, it’s the bane of their week. Parking, the huge time sink at the airport, the uncomfortable seats, the inefficient routes, the bad food, the TSA’s aggressive and unnecessary prodding. Flying sucks. You don’t charge tickets for an experience that sucks. You can’t make money that way."