Around the year 2000, a travel company was formed, and after a short bumpy ride, it managed to create a hugely successful, incredible concept. It managed to create a model that generated a gross profit margin of 98% and an EBITDA of nearly 50%. Simply phenomenal.
So long, outdated algorithms; an internationally stationed VC fund is taking their search for extraordinary ideas to an entirely new place.
Remember the film Jaws? Just in case you don’t (for some weird reason) It’s a classic American thriller starring a Great (man-eating) White shark that attacks beachgoers. The sheriff, Roy Scheider, sets out on a mission to kill the Shark with the help of a marine biologist and a shark hunter.
Paypal co-founder Peter Thiel, in his 2014 startup digest “zero to one”, argues that creating a game-changing company means going from zero to one – from nothing to something (instead of going from something to a slightly better something).
What is your passion? One of mine is (trying) to understand what makes a success. Why do people choose certain things over others, especially in consumer context, and why do certain companies become a phenomenal success.