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Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies

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Audible Audiobook

Listening Length: 9 hours and 3 minutes

Program Type: Audiobook

Version: Unabridged

Publisher: HarperCollins Publishers Limited

Audible.com Release Date: October 9, 2018

Whispersync for Voice: Ready

Language: English, English

ASIN: B07GH7N69C

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This book is mostly about the positive aspects of blitzscaling, and while it acknowledges the risks, it doesn't go into much depth to analyze lessons learned from blitzscaling failures.Reading this book reminded me of my own personal experience consulting for the search engine company AltaVista in the late 1990s. Many considered AltaVista to be the best search engine before Google really hit the scene. The venture capital company CMGi bought AltaVista and embarked on a major blitzscaling effort. CMGi wanted to compete with Yahoo to create a web directory portal for just about everything and spread resources wide and thin, and then allowed the AltaVista core search technology to get rusty. This created an opening for Google to dominate AltaVista with perfectionist attention to detail in search technology. In this particular case, AltaVista was the one attempting the (failed) blitzscaling while Google followed more traditional product perfection strategies.The book also made me think about the articles I've been reading in the Wall Street Journal regarding Tesla and Elon Musk's current challenges blitzscaling across so many different business areas -- especially with Model 3 production and their solar roof tile delays. Now I understand better why Elon Musk doesn't seem to care that much about perfecting product roll-out execution ahead of time, instead always thinking about the next futuristic revolution and then figure out the implementation as-it-goes. Coincidentally Elon Musk was also one of the founders of PayPal along with the author of this book. The book doesn't talk much about Tesla, but I can see the common philosophy. I can see why blitzscaling contributed to Tesla's success (so far).I take away a better understanding of why some companies engage in blitzscaling hyper growth as their #1 priority, and why this is such a powerful technique to overwhelm the competition. This book reveals some really interesting techniques to grow the customer base, organizational strategies depending on the size of the company, and management styles. There is good depth in this book with specific examples that the author curates for a course at Stanford University.Since there are a relatively small number of company founders/executives who have the funds to engage in a massive blitzscaling operation, I think most copies of this book will end up in these hands: 1. stock traders (including the everyday investor) who are looking to identify companies that are executing hyper growth strategies for better investment returns, and 2. people who enjoy reading interesting Silicon Valley business cases for insight on how this mysterious world of venture capital encourages companies to risk it all-or-nothing and take off like a rocket ship.Overall I highly recommend this book to learn the benefits of blitzscaling. It's very interesting to read, it's sometimes hard to put the book down because there's something useful on every page. Just don't expect much depth about companies that attempted blitzscaling and failed while trying, this book is more about success business cases.

Given the author's experience, I was disappointed to find Blitzscaling little more than a beginners overview of the well-known patterns around modern fast-growth companies. If you've never heard of Network Effects, Moore's Law, or Viral Effects, then you will find this an enlightening book. It explains these concepts and others like them quite well, but there is not much here that's new or especially insightful. The best use for this book would be in a community college course titled "Basics of Software Company Growth."

I'd bet almost everyone senior in Silicon Valley has come across Reid in their career. He's an indispensable member of the ecosystem as investor, operator, mentor, and thought leader. This book shares his gathered wisdom on the scaling of hypergrowth organizations in a fast-changing present to win the future. Not only essential reading for startup execs, but also for general business folks who need to grapple w/the role of technology disrupting their business.

There are some excellent management insights regarding blitzscaling your organization touching critical areas such as management innovation, business model innovation, and hiring practices. However, the rest of the book is less practical. By that I mean the book includes general advice, higher level talk or unpractical arguments on important issues regarding blitzscaling such as social responsibility, addressing the competition which also can use blitzscaling, resource management etcetera. However, as mentioned above, these areas are touched on a high level and fail on giving practical examples of how these tips and tricks are used in reality. I am sure the authors will follow-up with a practical guide but until then I give it a 4 star.

Blitzscaling, The Lightning-Fast Path To Building Massively Valuable Companies, by Reid Hoffman and Chris Yeh, is a compelling read whose thesis states if a company has access to ample capital and the potential opportunity to capture most or all of a market, it should prioritize growth speed over efficiency, and accept, even ignore the inefficiencies and non-life-threatening fires that come along with it.Blitzscaling is a counterintuitive strategy that goes against many classic old-school business techniques as you need to accept operating inefficiencies and uncertainties in exchange for speed. “When a market is up for grabs, the risk isn’t inefficiency – the risk is playing it too safe. If you win, efficiency isn’t that important; if you lose, efficiency is completely irrelevant.”The book discusses many of the most well-known, fastest growing and currently most valuable companies, including: Airbnb, Alibaba, Amazon, Apple, Dropbox, Facebook, Google, LinkedIn/Microsoft, Netflix, PayPal, Uber and others. A couple years ago when Uber was raising money at a $60 billion private valuation, it may have been difficult to understand the astronomical valuation, but Blitzscaling presents a solid argument for it. If Uber uses inexpensive capital to subsidize both sides of the market when it enters a new city, it has a substantially stronger likelihood of quickly capturing significant share. Uber has a chicken and egg scenario as both sides of the market need to be built simultaneously for Uber to be successful. Uber needs to recruiter drivers to ‘supply’ rides, needs to acquire customers (‘demand’ for rides). By utilizing economical capital to subsidize drivers (paying drivers a higher percentage or bonuses as additional incentives to join the platform) and subsidizing passengers (with cheaper rides to incentivize them to try the new platform), Uber achieves massive momentum from dual-sided network effects.The story of Airbnb is fascinating, and an area that can easily be overlooked is how customer-obsessed they were from the very beginning. “Paul Graham, the cofounder of Y Combinator, wrote a famous essay in which he advised entrepreneurs to do things that don’t scale.” This advice may seem counterintuitive (especially in a book about Blitzscaling), but it is vital to developing an optimal product. When your business is small you want to can into a customer’s complete experience to understand everything the customer thinks and desires. Airbnb realized that listings are more successful if they are accompanied by professional photographs, so founders Brian Chesky and Joe Gebbia, in the beginning knocked on customer’s doors to photograph their homes. Obviously, the founders could not personally scale to photograph all Airbnb listings, but it allowed them to truly get to know and understand their customers (listen to Brian Chesky’s fantastic talk on Reid Hoffman’s Master of Scale podcast titled Handcrafted. Their Obama O’s and Captain McCain’s were brilliant gorilla fundraises and the 11-star experience demonstrates their obsession with customer experience).Possibly the company to most successfully implement Blitzscaling (although the term did not exist at the time) is Amazon. Amazon’s substantial access to capital through inexpensive public funds as well as generated revenue allowed it to build out its massive infrastructure and best-in-class fulfillment systems. Throughout the years, Amazon was constantly criticized for not consistently showing ‘Wall Street profits’ while it utilized these inexpensive funds to subsidize its distribution and logistics expenses, as well as the fees it charged third-party sellers, to capture an astonishing portion of US online market sales. Currently about fifty cents of every new dollar online is spent on the Amazon platform. In addition, due to this market dominance, Amazon continually recaptures these earlier subsidized dollars by squeezing the margins of third party resellers (who, in aggregate, account for more sales on the Amazon platform than goods sold directly by Amazon). Ten years ago, third-party sellers paid less than 20% of aggregate sales in fees to Amazon. Whether third-party sellers knew it or not, Amazon was subsidizing their expenses to capture dominant market share of the massive overall online retail category. Every year Amazon raises fees to third-party sellers, squeezing their margins and redistributing it back to Amazon. Currently third party sellers pay 40% of aggregate sales in fees to Amazon, but this would not have been possible without the successful Blitzscaling done by Amazon years ago.If you like Blitzscaling, The Lightning-Fast Path To Building Massively Valuable Companies, I highly recommend checking out Reid Hoffman’s Masters of Scale podcast which I personally look forward to listening to every week. Blitzscaling is difficult to implement, and the likelihood of failure far exceeds success, however this risk is compensated for by the massive rewards that can be achieved from its success.

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File Size: 3937 KB

Print Length: 223 pages

Simultaneous Device Usage: Unlimited

Publication Date: September 29, 2018

Sold by: Amazon Digital Services LLC

Language: English

ASIN: B07HVWL5DQ

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Amazon Best Sellers Rank:

#6,568 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

The cartel Black Venom would almost do anything to get their hands on the treasure that Logan, Ange and their friends search for. This is a good yarn, full of violence and waterborne chase scenes in the Keys. The betrayal sets in motion some of the nastiest actions one could read about.

Totally unbelievable story, poorly written. There is inadequate character development. The heros’ ability to consistently escape from an overwhelming number of well armed cartel members and their murderous jefe if just beyond belief.

This is the 4th book in the series and brings back characters from previous novels. It is helpful to read his books in order. I enjoy reading books that use the Florida Keys as the location for the story (I can visualize where everything is taking place) due to my frequent vacations over many years and personal knowledge of the area. This book is action packed and hard to put down. It has more violence than what I prefer but is still very good.

If you love pirate adventures with a modern daY twist for treasure hunting you will love this book. It brings history to life in an exciting fashion.

enjoyable, liked the people, action all around good book

Quick read that stretched belief a little. I still like Logan Dodge and enjoy the Key West setting but the pirate treasure storyline was hard to believe.

Not believeable

I read this as I had read the others he wrote.not disappointedA great story teller and great description of the geography

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How to start, carry on and end conversations: Scripts for social situations for people on the autism spectrum

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Review

[The author] has developed a simple strategy for facilitating conversation that can greatly enhance the quality of life of someone who has Asperger's syndrome. The art of conversation can be learned and achieved, and this valuable book explains how. Author: From the foreword by Professor Tony Attwood PhD, Brisbane, Australia

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Straightforward guide to surviving everyday conversations and social situations for teens with autism

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Product details

Paperback: 88 pages

Publisher: Jessica Kingsley Publishers (March 21, 2017)

Language: English

ISBN-10: 1785922459

ISBN-13: 978-1785922459

Product Dimensions:

6.3 x 0.3 x 7.8 inches

Shipping Weight: 2.1 ounces (View shipping rates and policies)

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Amazon Best Sellers Rank:

#615,646 in Books (See Top 100 in Books)

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File Size: 4873 KB

Print Length: 84 pages

Publisher: Kindle Direct Publishing; 1 edition (December 9, 2018)

Publication Date: December 9, 2018

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Language: English

ASIN: B07L8M1VD2

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Amazon Best Sellers Rank:

#778,364 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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File Size: 1549 KB

Print Length: 377 pages

Page Numbers Source ISBN: 0743240073

Publisher: G.P. Putnam's Sons (February 23, 2010)

Publication Date: May 4, 2010

Sold by: Penguin Group (USA) LLC

Language: English

ASIN: B002YKOXI4

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Word Wise: Enabled

Lending: Not Enabled

Screen Reader:

Supported

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Enhanced Typesetting:

Enabled

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Amazon Best Sellers Rank:

#22,840 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

As you may have surmised, not only am I one of countless thousands of fans of Sandford's Prey series, but I've been rereading them all. And since my memory for details isn't that great, I am enjoying them almost as much as the first time. I think what makes his books so popular and unique is his use of humor, even within the most dire of circumstances. I must admit that Harry Bosch, Michael Connelly's answer to Lucas Davenport, was once my favorite detective. But as I have been immersed in the Prey books, I realize that Sandford's use of "comic relief" is pure genius. The repartee between Lucas and Sloan or Dell or Weather has often made me laugh out loud or, at least, chuckle. I believe that along with an exciting plot, great characterization, and that final down to the wire finish, the fact that Sandford can wrap it all up with a lighter touch when needed, is what separates him from the rest. I'm looking forward to seeing Lucas become a grandfather. Wouldn't that be a hoot! And here's hoping it will happen in the very near future.

Just finished this book & it ended really great!! Other than that, it wasn't quite as good as some of Mr. Sandfords other stories. The protagonists were good, as usual, however there wasn't nearly enough people other than Lucas & Del. I like the stories that have a lot of the regular people in Lucas's bunch. This book isn't new so maybe the author hasn't invented many of them yet. I knew the minute I read her name that Letty would be going home with Lucas but I didn't remember very much of the story. The antagonists were dull & that is unusual & was part of the reason that it was "not quite as good". The end was not really a surprise due to what had happened just a little bit earlier but it was exceptionally good. I am rereading the Prey books from about midway through the series & they are just as good or better the second time around.

I am an ardent John Sandford fan. I recently purchased and read the complete Prey series and then the complete Flowers series in order, and I'm only sorry I'll have to wait for the next book in both series. Sandford is a novelist with the rare ability to carry over characters and plot elements with complete believabiity while allowing both to develop in interesting, unexpected but natural ways - the only other "serial" novelist who does this nearly as well is Anthony Trollope, and he avoids murders. I re-read these books with pleasure as great or greater than the first reading because the fast-paced narrative and unexpected plot developments pulls you to read fast the first time; the second or third you can pay attention to atmosphere (he's great on significant landscape detail), character growth, and situation development. Sandford writes like a real novelist, not like someone trying to impress academia with his literary exclusivity.

Another good one in the Prey series from Sanford, which explains the introduction of his adopted daughter. (For those who haven't read the books in order, like me.) Why am I asked for reviews so long after I finished the book and have read 4 others?..Anywhooo, not one of Sanford's more gruesome stories. It centers around a small Minnesota prairie town...during the winter, of course. A hanging takes place which involves a mixed race couple. The press descends looking for blood with a character along the lines of a certain msnbc commentator who currently spends a lot of time at the White House and in the St. Loius area. Davenport is asked to solve the crime with Del before a media sh!tstorm. As Davenport works on the case, linked crimes become uncovered, leading to more murders. Another satisfying read from Sanford.

I first picked up a John Sandford novel by chance in a doctor's office when I'd forgotten my book. There was a stack of books in the corner and I picked up several, reading the first few sentences of each . . . . . I chose one by John Sandford which had a first paragraph that I couldn't put down. It was one of his Virgil Flowers books (this current order is one is from his Lucas Davenport series). I've read most of Sandford's books in both series and always keep one in the car in case I find myself somewhere needing a book to read. If you like crime stories, I recommend these.

This was a very good mystery with three different crimes going on intermixed with each other. This is the background story on where Letty, Lucas' adopted daughter came from. The story is very real on what could happen in rural America. A must read Patterson mystery.

I have ordered about 28 Sandford books and can't seem to get themin order,I was listeing to Wicked Prey and woundered where the daughter camefrom ? I asked another fan of the Sandford prey books,and she said Ineed to get Naked Prey. I did and wish I had listened to it first.I am an auditor and on the road a lot and go trouugh a couple of booksa week,I have noticed some old books of his are listed as audio and youget a Cassett thinking you are going to get a CD,them some state Cd or Cassettyou have to watch this,fortunately for me my car has both.I am trying to get some of myfavorite cassetts into CD, Like Mortal Prey the best,but I had to get it in the abridgedand my casssett was the unabridged version both great,some body should market this to Sandfordget his old ones up to date,people would love to have them on CD like Devil's Codewinter Prey,Certian Prey,Night Crew,and Secret Prey. Amazons used books have saved me a lotof money,Thank you very much,and thats all I have to say about that ha Forest would sayold favorite Cassetts

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