“You want missionaries, not mercenaries –passionate, maniacally-focused founders who believe in a vision.”
The Starbucks app is on track to process over $1.5 billion in payment volume in the U.S. in 2014, according to our estimates. In the second quarter it accounted for 15% of the transactions in U.S. company-operated stores, averaging 6 million transactions per week.
The app’s success is not due to the ease of payment with a phone. So it has succeeded despite the fact that it is not more convenient than credit or debit cards or cash.”
“There’s never a better time to try risky, quirky ideas to gauge an emotional reaction than before you have paying customers and a brand and quality commitment to uphold.”
“…part of luck is very much played-out in the mind. As a result, people who view themselves as unlucky tend to fail at following their intuition when making a choice. Whereas lucky people respect those internal hunches and reap the rewards. Unlucky people also regularly follow routines, Wiseman found, whereas lucky people introduce variety into their lives, possibly increasing the likelihood of “lucky” opportunities.”
“When I asked him how he became such a great athlete, he said, “I made sure I was always the slowest guy in the boat. I knew I could push myself much harder if I needed to keep up with the fastest guys.””