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A good friend of mine, Amol Kapila, just started his blog back up after a few year’s absence. Naturally, one of the first things he does is disagree with me about the potential for change in the Finance Industry: The cost of managing $1 billion is not much more than the cost of managing $100 [...] Witness the birth of Google, the business giant: Veach and Kamangar argued that all the ad slots should be auctioned off. In search, Google had already used scale, power, and clever algorithms to change the way people accessed information. By turning over its sales process entirely to an auction-based system, the company could similarly upend [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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