selling pickaxes during a gold rush

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description: a business strategy focusing on supplying tools and services for an emerging market rather than participating directly

15 results

Abolish Silicon Valley: How to Liberate Technology From Capitalism

by Wendy Liu  · 22 Mar 2020  · 223pp  · 71,414 words

the best in the world at turning social data into insights, and that our business model of providing data to advertising platforms was equivalent to selling shovels during a gold rush. Over a stale continental breakfast the next morning, we made fun of Nick for his hot-headed bravado, but I was secretly impressed. If

The Launch Pad: Inside Y Combinator, Silicon Valley's Most Exclusive School for Startups

by Randall Stross  · 4 Sep 2013  · 332pp  · 97,325 words

were in. They worked on MongoHQ in the evenings and the wee hours of the morning while holding down day jobs. They took heart from “Selling Pickaxes During a Gold Rush,” a blog post published a couple of months earlier, in February, by Chris Dixon, a seed investor who was based in New York City

YC for more than $200 million cash.17 The two MongoHQ founders cited the Dixon post in their YC application and declared, “We are selling pickaxes during a gold rush.” In the section where they were asked to explain how the founders had met and how long they had known each other, they gave answers

/the-spread-of-start-up-america-and-the-rise-of-the-high-tech-south/246916/. 16. Chris Dixon, “Selling Pickaxes During a Gold Rush,” Chris Dixon blog, February 5, 2011, http://cdixon.org/2011/02/05/selling-pickaxes-during-a-gold-rush/. 17. Robin Wauters, “Salesforce.com Buys Heroku for $212 Million in Cash,” TC, December 8, 2010, http://techcrunch

Live Work Work Work Die: A Journey Into the Savage Heart of Silicon Valley

by Corey Pein  · 23 Apr 2018  · 282pp  · 81,873 words

was kinda young. I was already making money then. Everybody was talking about how to make money on eBay. I remember somebody telling me, ‘During a gold rush, you should sell shovels.’ “That’s kinda what I do with Fiverr,” he said. * * * There was an epiphany buried in Canadian Corey’s nostalgia trip. I felt

Super Pumped: The Battle for Uber

by Mike Isaac  · 2 Sep 2019  · 444pp  · 127,259 words

catered to dot-com companies sprung up around the Valley (along with the popularity of the shopworn San Francisco adage that it’s better to sell shovels during a gold rush than to actually prospect for gold). For a starting price of $25,000, employees at Startups.com would help new companies find an office

How Money Became Dangerous

by Christopher Varelas  · 15 Oct 2019  · 477pp  · 144,329 words

they were the people not especially interested in pulling gold out of the ground. A famous maxim was coined: If you want to get rich during a gold rush, sell shovels. Those who provided the miners with their tools, services, and transportation raked in the cash. A Bavarian-born businessman named Levi Strauss launched an

Ghost Road: Beyond the Driverless Car

by Anthony M. Townsend  · 15 Jun 2020  · 362pp  · 97,288 words

York City alone, at a cost of more than $40 million. It’s said that if you want to get rich in a gold rush, you should sell picks and shovels. Taking a page right out of the prospector’s playbook, Kalanick’s CloudKitchens, as it’s called, will rent aspiring young chefs their first

SuperFreakonomics

by Steven D. Levitt and Stephen J. Dubner  · 19 Oct 2009  · 302pp  · 83,116 words

tricks. Most of these part-time prostitutes have children and take care of their households; they aren’t drug addicts. But like prospectors at a gold rush or Realtors during a housing boom, they see the chance to cash in and jump at it. As for the question posed in this chapter’s title—How

The Enlightened Capitalists

by James O'Toole  · 29 Dec 2018  · 716pp  · 192,143 words

His Heirs The making of the first pair of Levi Strauss jeans is the stuff of legend. As the story goes, during the great California gold rush Levi Strauss, a Jewish immigrant tailor, made a pair of pants for a ’49er out of fabric used to make tents, fastening parts of the sturdy material together

America's Bank: The Epic Struggle to Create the Federal Reserve

by Roger Lowenstein  · 19 Oct 2015  · 589pp  · 128,484 words

disappearing from circulation. As gold drained out of the Treasury, foreign investors feared that the United States would be forced to abandon gold and rushed to sell American securities. The gold stampede bequeathed a banking panic. Depositors withdrew savings, and country banks desperately demanded their reserves from the city banks where they were parked. The

The Rough Guide to Australia (Travel Guide eBook)

by Rough Guides  · 14 Oct 2023  · 1,955pp  · 521,661 words

“Don’t you worry about that” still in use. Ninety Percent Nutty Native to South America, peanuts were introduced to Australia during the gold rush of the 1800s. A legume, rather than a nut, they grow underground, taking about five months to cultivate. Around ninety percent of Australia’s annual crop of about 60,000

Yosemite, Sequoia & Kings Canyon

by Fodor's  · 17 Aug 2010

Titan: The Life of John D. Rockefeller, Sr.

by Ron Chernow  · 1 Jan 1997  · 1,106pp  · 335,322 words

Silicon City: San Francisco in the Long Shadow of the Valley

by Cary McClelland  · 8 Oct 2018  · 225pp  · 70,241 words

California

by Sara Benson  · 15 Oct 2010

Lonely Planet Pocket San Francisco

by Lonely Planet and Alison Bing  · 31 Aug 2012